Can I retire at age 53 with 618,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$51,034$50,579$50,136$49,703$49,280$47,456
2 years$25,264$24,794$24,338$23,896$23,467$21,650
3 years$16,676$16,203$15,748$15,310$14,888$13,135
4 years$12,382$11,911$11,461$11,030$10,618$8,943
5 years$9,807$9,338$8,894$8,472$8,072$6,478
6 years$8,090$7,625$7,188$6,775$6,387$4,876
7 years$6,865$6,404$5,973$5,570$5,194$3,766
8 years$5,946$5,489$5,066$4,673$4,309$2,962
9 years$5,232$4,779$4,363$3,980$3,629$2,362
10 years$4,661$4,213$3,804$3,431$3,092$1,902
11 years$4,194$3,750$3,349$2,986$2,659$1,544
12 years$3,805$3,366$2,972$2,619$2,305$1,261
13 years$3,476$3,042$2,655$2,312$2,010$1,034
14 years$3,195$2,765$2,386$2,053$1,762$852
15 years$2,951$2,526$2,154$1,831$1,551$704
16 years$2,738$2,318$1,953$1,639$1,371$584
17 years$2,550$2,134$1,777$1,473$1,215$485
18 years$2,383$1,972$1,622$1,327$1,081$403
19 years$2,234$1,828$1,485$1,199$963$336
20 years$2,100$1,699$1,363$1,086$860$280
21 years$1,979$1,582$1,254$986$770$234
22 years$1,869$1,477$1,155$896$690$195
23 years$1,769$1,381$1,067$816$620$163
24 years$1,678$1,294$987$744$557$137
25 years$1,593$1,215$914$680$501$114
26 years$1,516$1,141$848$622$451$96
27 years$1,444$1,074$787$569$407$80
28 years$1,377$1,012$732$521$367$67
29 years$1,316$955$681$478$332$56
30 years$1,258$902$634$439$300$47
31 years$1,204$853$591$403$271$40
32 years$1,154$807$552$370$245$33
33 years$1,107$764$515$341$222$28
34 years$1,062$724$481$313$201$23
35 years$1,021$687$450$288$182$20
36 years$982$652$421$266$165$16
37 years$944$619$394$245$149$14
38 years$909$588$369$226$135$12
39 years$876$559$346$208$123$10
40 years$845$532$324$192$111$8
41 years$815$507$304$177$101$7
42 years$787$483$285$163$92$6
43 years$760$460$267$151$83$5
44 years$734$438$251$139$76$4
45 years$710$418$236$129$69$3
46 years$687$399$221$119$62$3
47 years$664$380$208$110$57$2
48 years$643$363$195$101$51$2
49 years$623$347$184$94$47$2
50 years$603$331$173$87$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $618,000, adding $5,237 every year, while hoping to spend $26,978 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: 49/36/15 Blend
52$618,000$618,000$618,000$618,000
53$686,438$653,684$644,105$716,980
54$727,750$657,010$636,978$741,917
55$772,372$659,595$628,708$765,771
56$820,613$661,374$619,229$791,090
57$872,812$662,278$608,470$818,020
58$929,343$662,234$596,358$846,724
59$990,617$661,164$582,816$877,382
60$1,057,085$658,986$567,766$910,194
61$1,129,243$655,612$551,122$945,383
62$1,207,639$650,950$532,797$983,194
63$1,292,871$644,900$512,699$1,023,902
64$1,385,602$637,358$490,732$1,067,809
65$1,486,559$628,214$466,797$1,115,249
66$1,596,542$617,350$440,788$1,166,595
67$1,716,430$604,641$412,596$1,222,258
68$1,847,195$589,957$382,107$1,282,695
69$1,989,901$573,158$349,200$1,348,409
70$2,145,724$554,095$313,751$1,419,961
71$2,315,955$532,613$275,629$1,497,968
72$2,502,018$508,547$234,699$1,583,116
73$2,705,480$481,722$190,816$1,676,163
74$2,928,064$451,952$143,834$1,777,947
75$3,171,671$419,042$93,597$1,889,395
76$3,438,392$382,785$39,943$2,011,535
77$3,730,529$342,962$0$2,145,501
78$4,050,619$299,343$0$2,295,320
79$4,401,455$251,684$0$2,466,609
80$4,786,112$199,726$0$2,654,533
81$5,207,980$143,196$0$2,860,819
82$5,670,789$81,808$0$3,087,371
83$6,178,650$15,257$0$3,336,296
84$6,736,090$0$0$3,609,917
85$7,348,096$0$0$3,933,289
86$8,020,162$0$0$4,295,104
87$8,758,340$0$0$4,692,582
88$9,569,295$0$0$5,129,325
89$10,460,373$0$0$5,609,295
90$11,439,663$0$0$6,136,860
91$12,516,079$0$0$6,716,833
92$13,699,441$0$0$7,354,515
93$15,000,568$0$0$8,055,745
94$16,431,379$0$0$8,826,960
95$18,005,006$0$0$9,675,250
96$19,735,919$0$0$10,608,424
97$21,640,058$0$0$11,635,091
98$23,734,989$0$0$12,764,733
99$26,040,063$0$0$14,007,799
100$28,576,604$0$0$15,375,801