Can I retire at age 53 with 617,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$50,951$50,497$50,055$49,622$49,200$48,525
2 years$25,223$24,754$24,298$23,857$23,429$22,750
3 years$16,649$16,177$15,723$15,285$14,864$14,202
4 years$12,362$11,892$11,442$11,012$10,601$9,962
5 years$9,791$9,323$8,880$8,458$8,059$7,444
6 years$8,077$7,613$7,176$6,764$6,377$5,786
7 years$6,854$6,393$5,963$5,561$5,186$4,621
8 years$5,936$5,480$5,057$4,665$4,302$3,762
9 years$5,223$4,772$4,356$3,974$3,623$3,108
10 years$4,653$4,206$3,798$3,425$3,087$2,596
11 years$4,187$3,744$3,343$2,981$2,655$2,188
12 years$3,799$3,361$2,967$2,615$2,301$1,857
13 years$3,471$3,037$2,651$2,309$2,006$1,586
14 years$3,190$2,761$2,382$2,049$1,759$1,360
15 years$2,946$2,522$2,150$1,828$1,549$1,172
16 years$2,734$2,314$1,950$1,636$1,369$1,013
17 years$2,546$2,131$1,774$1,470$1,213$878
18 years$2,380$1,969$1,620$1,325$1,079$762
19 years$2,231$1,825$1,483$1,197$962$664
20 years$2,097$1,696$1,361$1,084$859$579
21 years$1,976$1,580$1,252$984$769$506
22 years$1,866$1,474$1,154$895$689$442
23 years$1,766$1,379$1,065$815$619$387
24 years$1,675$1,292$985$743$556$339
25 years$1,591$1,213$912$679$500$298
26 years$1,513$1,140$846$621$451$261
27 years$1,442$1,072$786$568$406$230
28 years$1,375$1,011$730$520$367$202
29 years$1,313$953$680$477$331$177
30 years$1,256$900$633$438$299$156
31 years$1,202$851$590$402$270$137
32 years$1,152$805$551$370$245$121
33 years$1,105$763$514$340$221$106
34 years$1,061$723$480$313$200$94
35 years$1,019$686$449$288$182$83
36 years$980$651$420$265$164$73
37 years$943$618$393$244$149$64
38 years$908$587$368$225$135$57
39 years$875$559$345$208$123$50
40 years$844$531$323$192$111$44
41 years$814$506$303$177$101$39
42 years$786$482$284$163$92$34
43 years$759$459$267$151$83$30
44 years$733$438$251$139$75$27
45 years$709$417$235$128$68$23
46 years$685$398$221$119$62$21
47 years$663$380$208$110$56$18
48 years$642$363$195$101$51$16
49 years$622$346$183$94$47$14
50 years$602$331$172$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $617,000, adding $3,027 every year, while hoping to spend $45,282 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 29/50/21 Blend
52$617,000$617,000$617,000$617,000
53$683,056$650,355$640,792$698,286
54$704,548$634,043$614,079$693,936
55$726,715$615,414$584,953$685,021
56$749,577$594,306$553,286$674,479
57$773,156$570,550$518,944$662,199
58$797,475$543,963$481,785$648,063
59$822,556$514,356$441,663$631,947
60$848,423$481,526$398,425$613,719
61$875,101$445,259$351,911$593,239
62$902,614$405,330$301,953$570,361
63$930,988$361,498$248,376$544,930
64$960,250$313,513$190,998$516,783
65$990,428$261,107$129,628$485,747
66$1,021,548$203,999$64,068$451,641
67$1,053,641$141,890$0$414,272
68$1,086,737$74,466$0$374,760
69$1,120,865$1,396$0$346,976
70$1,156,058$0$0$316,376
71$1,192,347$0$0$325,509
72$1,229,767$0$0$335,718
73$1,268,351$0$0$346,244
74$1,308,135$0$0$357,097
75$1,349,155$0$0$368,286
76$1,391,449$0$0$379,821
77$1,435,053$0$0$391,713
78$1,480,008$0$0$403,972
79$1,526,354$0$0$416,610
80$1,574,131$0$0$429,636
81$1,623,383$0$0$443,063
82$1,674,152$0$0$456,902
83$1,726,482$0$0$471,165
84$1,780,420$0$0$485,864
85$1,836,011$0$0$501,012
86$1,893,304$0$0$516,620
87$1,952,345$0$0$532,703
88$2,013,186$0$0$549,273
89$2,075,876$0$0$566,343
90$2,140,467$0$0$583,927
91$2,207,010$0$0$602,040
92$2,275,560$0$0$620,694
93$2,346,171$0$0$639,903
94$2,418,896$0$0$659,684
95$2,493,792$0$0$680,048
96$2,570,914$0$0$701,012
97$2,650,320$0$0$722,590
98$2,732,067$0$0$744,796
99$2,816,211$0$0$767,645
100$2,902,810$0$0$791,151