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%14.3%
1 years$51,034$50,579$50,136$49,703$49,280$48,404
2 years$25,264$24,794$24,338$23,896$23,467$22,587
3 years$16,676$16,203$15,748$15,310$14,888$14,032
4 years$12,382$11,911$11,461$11,030$10,618$9,793
5 years$9,807$9,338$8,894$8,472$8,072$7,279
6 years$8,090$7,625$7,188$6,775$6,387$5,628
7 years$6,865$6,404$5,973$5,570$5,194$4,469
8 years$5,946$5,489$5,066$4,673$4,309$3,618
9 years$5,232$4,779$4,363$3,980$3,629$2,971
10 years$4,661$4,213$3,804$3,431$3,092$2,467
11 years$4,194$3,750$3,349$2,986$2,659$2,066
12 years$3,805$3,366$2,972$2,619$2,305$1,743
13 years$3,476$3,042$2,655$2,312$2,010$1,478
14 years$3,195$2,765$2,386$2,053$1,762$1,259
15 years$2,951$2,526$2,154$1,831$1,551$1,077
16 years$2,738$2,318$1,953$1,639$1,371$925
17 years$2,550$2,134$1,777$1,473$1,215$796
18 years$2,383$1,972$1,622$1,327$1,081$686
19 years$2,234$1,828$1,485$1,199$963$593
20 years$2,100$1,699$1,363$1,086$860$513
21 years$1,979$1,582$1,254$986$770$445
22 years$1,869$1,477$1,155$896$690$386
23 years$1,769$1,381$1,067$816$620$336
24 years$1,678$1,294$987$744$557$292
25 years$1,593$1,215$914$680$501$254
26 years$1,516$1,141$848$622$451$221
27 years$1,444$1,074$787$569$407$193
28 years$1,377$1,012$732$521$367$168
29 years$1,316$955$681$478$332$147
30 years$1,258$902$634$439$300$128
31 years$1,204$853$591$403$271$112
32 years$1,154$807$552$370$245$97
33 years$1,107$764$515$341$222$85
34 years$1,062$724$481$313$201$74
35 years$1,021$687$450$288$182$65
36 years$982$652$421$266$165$57
37 years$944$619$394$245$149$50
38 years$909$588$369$226$135$43
39 years$876$559$346$208$123$38
40 years$845$532$324$192$111$33
41 years$815$507$304$177$101$29
42 years$787$483$285$163$92$25
43 years$760$460$267$151$83$22
44 years$734$438$251$139$76$19
45 years$710$418$236$129$69$17
46 years$687$399$221$119$62$15
47 years$664$380$208$110$57$13
48 years$643$363$195$101$51$11
49 years$623$347$184$94$47$10
50 years$603$331$173$87$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $618,000, adding $3,696 every year, while hoping to spend $41,481 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: 71/14/15 Blend
52$618,000$618,000$618,000$618,000
53$684,848$652,094$642,515$730,890
54$710,568$639,912$619,904$749,761
55$737,520$625,742$595,145$765,047
56$765,787$609,443$568,123$780,702
57$795,458$590,867$538,716$796,755
58$826,630$569,854$506,798$813,239
59$859,407$546,238$472,237$830,192
60$893,905$519,842$434,895$847,654
61$930,246$490,477$394,627$865,675
62$968,567$457,947$351,283$884,307
63$1,009,015$422,040$304,705$903,610
64$1,051,751$382,536$254,729$923,653
65$1,096,950$339,201$201,182$944,512
66$1,144,804$291,786$143,887$966,273
67$1,195,521$240,032$82,655$989,033
68$1,249,331$183,660$17,291$1,012,899
69$1,306,484$122,381$0$1,037,992
70$1,367,253$55,884$0$1,072,846
71$1,431,936$0$0$1,112,715
72$1,500,862$0$0$1,157,522
73$1,574,388$0$0$1,214,522
74$1,652,908$0$0$1,275,412
75$1,736,852$0$0$1,340,529
76$1,826,691$0$0$1,410,241
77$1,922,944$0$0$1,484,952
78$2,026,177$0$0$1,565,106
79$2,137,013$0$0$1,651,190
80$2,256,136$0$0$1,743,737
81$2,384,295$0$0$1,843,334
82$2,522,315$0$0$1,950,625
83$2,671,100$0$0$2,066,316
84$2,831,643$0$0$2,191,185
85$3,005,036$0$0$2,326,084
86$3,192,480$0$0$2,471,953
87$3,395,292$0$0$2,629,821
88$3,614,922$0$0$2,800,822
89$3,852,964$0$0$2,986,202
90$4,111,169$0$0$3,187,332
91$4,391,465$0$0$3,405,717
92$4,695,972$0$0$3,643,016
93$5,027,020$0$0$3,901,052
94$5,387,175$0$0$4,181,831
95$5,779,259$0$0$4,487,559
96$6,206,378$0$0$4,820,666
97$6,671,947$0$0$5,183,825
98$7,179,730$0$0$5,579,976
99$7,733,864$0$0$6,012,358
100$8,338,907$0$0$6,484,534