Can I retire at age 53 with 618,000?

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 $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%17.3%
1 years$51,034$50,579$50,136$49,703$49,280$47,818
2 years$25,264$24,794$24,338$23,896$23,467$22,005
3 years$16,676$16,203$15,748$15,310$14,888$13,474
4 years$12,382$11,911$11,461$11,030$10,618$9,262
5 years$9,807$9,338$8,894$8,472$8,072$6,777
6 years$8,090$7,625$7,188$6,775$6,387$5,155
7 years$6,865$6,404$5,973$5,570$5,194$4,024
8 years$5,946$5,489$5,066$4,673$4,309$3,201
9 years$5,232$4,779$4,363$3,980$3,629$2,582
10 years$4,661$4,213$3,804$3,431$3,092$2,104
11 years$4,194$3,750$3,349$2,986$2,659$1,729
12 years$3,805$3,366$2,972$2,619$2,305$1,430
13 years$3,476$3,042$2,655$2,312$2,010$1,189
14 years$3,195$2,765$2,386$2,053$1,762$992
15 years$2,951$2,526$2,154$1,831$1,551$831
16 years$2,738$2,318$1,953$1,639$1,371$698
17 years$2,550$2,134$1,777$1,473$1,215$588
18 years$2,383$1,972$1,622$1,327$1,081$496
19 years$2,234$1,828$1,485$1,199$963$419
20 years$2,100$1,699$1,363$1,086$860$355
21 years$1,979$1,582$1,254$986$770$301
22 years$1,869$1,477$1,155$896$690$255
23 years$1,769$1,381$1,067$816$620$216
24 years$1,678$1,294$987$744$557$184
25 years$1,593$1,215$914$680$501$156
26 years$1,516$1,141$848$622$451$133
27 years$1,444$1,074$787$569$407$113
28 years$1,377$1,012$732$521$367$96
29 years$1,316$955$681$478$332$82
30 years$1,258$902$634$439$300$70
31 years$1,204$853$591$403$271$59
32 years$1,154$807$552$370$245$50
33 years$1,107$764$515$341$222$43
34 years$1,062$724$481$313$201$37
35 years$1,021$687$450$288$182$31
36 years$982$652$421$266$165$27
37 years$944$619$394$245$149$23
38 years$909$588$369$226$135$19
39 years$876$559$346$208$123$16
40 years$845$532$324$192$111$14
41 years$815$507$304$177$101$12
42 years$787$483$285$163$92$10
43 years$760$460$267$151$83$9
44 years$734$438$251$139$76$7
45 years$710$418$236$129$69$6
46 years$687$399$221$119$62$5
47 years$664$380$208$110$57$5
48 years$643$363$195$101$51$4
49 years$623$347$184$94$47$3
50 years$603$331$173$87$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $618,000, adding $3,021 every year, while hoping to spend $41,745 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: 75/9/16 Blend
52$618,000$618,000$618,000$618,000
53$684,152$651,398$641,819$732,813
54$709,519$638,900$618,904$752,910
55$736,075$624,391$593,822$769,461
56$763,896$607,727$566,456$786,482
57$793,066$588,759$536,685$804,005
58$823,676$567,325$504,381$822,071
59$855,824$543,257$469,411$840,724
60$889,617$516,376$431,636$860,011
61$925,173$486,493$390,910$879,987
62$962,616$453,407$347,081$900,712
63$1,002,085$416,907$299,991$922,256
64$1,043,731$376,768$249,474$944,693
65$1,087,717$332,755$195,356$968,107
66$1,134,222$284,617$137,458$992,594
67$1,183,440$232,091$75,590$1,018,259
68$1,235,584$174,897$9,556$1,045,217
69$1,290,887$112,740$0$1,073,601
70$1,349,603$45,310$0$1,113,955
71$1,412,010$0$0$1,158,458
72$1,478,413$0$0$1,208,441
73$1,549,143$0$0$1,266,475
74$1,624,566$0$0$1,328,374
75$1,705,080$0$0$1,394,468
76$1,791,123$0$0$1,465,117
77$1,883,174$0$0$1,540,717
78$1,981,759$0$0$1,621,702
79$2,087,455$0$0$1,708,549
80$2,200,894$0$0$1,801,779
81$2,322,770$0$0$1,901,965
82$2,453,844$0$0$2,009,738
83$2,594,955$0$0$2,125,787
84$2,747,019$0$0$2,250,871
85$2,911,046$0$0$2,385,824
86$3,088,145$0$0$2,531,561
87$3,279,533$0$0$2,689,089
88$3,486,549$0$0$2,859,512
89$3,710,665$0$0$3,044,047
90$3,953,498$0$0$3,244,030
91$4,216,827$0$0$3,460,930
92$4,502,607$0$0$3,696,363
93$4,812,991$0$0$3,952,106
94$5,150,344$0$0$4,230,115
95$5,517,270$0$0$4,532,539
96$5,916,632$0$0$4,861,746
97$6,351,582$0$0$5,220,339
98$6,825,587$0$0$5,611,184
99$7,342,465$0$0$6,037,433
100$7,906,415$0$0$6,502,558