Can I retire at age 53 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$51,116$50,661$50,217$49,783$49,360$48,443
2 years$25,305$24,834$24,377$23,934$23,505$22,584
3 years$16,703$16,229$15,774$15,335$14,912$14,017
4 years$12,402$11,930$11,479$11,048$10,636$9,772
5 years$9,822$9,353$8,908$8,486$8,085$7,256
6 years$8,103$7,638$7,199$6,786$6,397$5,604
7 years$6,876$6,414$5,983$5,579$5,203$4,445
8 years$5,956$5,498$5,074$4,680$4,316$3,594
9 years$5,240$4,787$4,370$3,987$3,635$2,948
10 years$4,668$4,220$3,810$3,437$3,097$2,445
11 years$4,201$3,756$3,354$2,991$2,664$2,045
12 years$3,811$3,372$2,977$2,623$2,308$1,723
13 years$3,482$3,047$2,659$2,316$2,013$1,459
14 years$3,200$2,770$2,390$2,056$1,764$1,242
15 years$2,956$2,530$2,157$1,833$1,554$1,061
16 years$2,742$2,321$1,956$1,642$1,373$909
17 years$2,554$2,138$1,780$1,475$1,217$781
18 years$2,387$1,975$1,625$1,329$1,082$673
19 years$2,238$1,831$1,487$1,201$965$580
20 years$2,104$1,701$1,365$1,088$862$502
21 years$1,983$1,585$1,256$987$771$434
22 years$1,872$1,479$1,157$898$691$376
23 years$1,772$1,384$1,069$818$621$326
24 years$1,680$1,296$988$746$558$283
25 years$1,596$1,216$915$681$502$246
26 years$1,518$1,143$849$623$452$214
27 years$1,446$1,076$788$570$408$186
28 years$1,380$1,014$733$522$368$162
29 years$1,318$956$682$479$332$141
30 years$1,260$903$635$439$300$123
31 years$1,206$854$592$404$271$107
32 years$1,156$808$553$371$245$93
33 years$1,109$765$516$341$222$81
34 years$1,064$725$482$314$201$71
35 years$1,022$688$451$289$182$62
36 years$983$653$422$266$165$54
37 years$946$620$395$245$150$47
38 years$911$589$370$226$136$41
39 years$878$560$346$208$123$36
40 years$846$533$324$192$112$31
41 years$816$507$304$177$101$27
42 years$788$483$285$164$92$24
43 years$761$461$268$151$83$21
44 years$735$439$251$139$76$18
45 years$711$419$236$129$69$16
46 years$688$399$222$119$62$14
47 years$665$381$208$110$57$12
48 years$644$364$196$102$51$11
49 years$624$347$184$94$47$9
50 years$604$332$173$87$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $619,000, adding $4,953 every year, while hoping to spend $45,418 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: 56/23/21 Blend
52$619,000$619,000$619,000$619,000
53$687,247$654,440$644,846$721,579
54$709,022$638,183$618,123$729,325
55$731,495$619,608$588,984$732,503
56$754,691$598,552$557,298$734,979
57$778,633$574,844$522,931$736,697
58$803,347$548,304$485,742$737,600
59$828,858$518,741$445,584$737,625
60$855,193$485,951$402,304$736,707
61$882,382$449,722$355,739$734,776
62$910,452$409,825$305,724$731,761
63$939,434$366,023$252,082$727,583
64$969,361$318,062$194,631$722,163
65$1,000,264$265,676$133,179$715,414
66$1,032,178$208,581$67,528$707,246
67$1,065,139$146,480$0$697,565
68$1,099,183$79,058$0$686,838
69$1,134,351$5,983$0$690,577
70$1,170,681$0$0$693,575
71$1,208,217$0$0$714,267
72$1,247,003$0$0$737,215
73$1,287,084$0$0$760,932
74$1,328,510$0$0$785,446
75$1,371,331$0$0$810,788
76$1,415,600$0$0$836,989
77$1,461,372$0$0$864,083
78$1,508,707$0$0$892,105
79$1,557,666$0$0$921,091
80$1,608,313$0$0$951,081
81$1,660,717$0$0$982,115
82$1,714,949$0$0$1,014,237
83$1,771,086$0$0$1,047,491
84$1,829,206$0$0$1,081,925
85$1,889,395$0$0$1,117,591
86$1,951,742$0$0$1,154,543
87$2,016,342$0$0$1,192,836
88$2,083,295$0$0$1,232,532
89$2,152,707$0$0$1,273,695
90$2,224,693$0$0$1,316,393
91$2,299,372$0$0$1,360,699
92$2,376,872$0$0$1,406,690
93$2,457,331$0$0$1,454,449
94$2,540,895$0$0$1,504,064
95$2,627,719$0$0$1,555,629
96$2,717,969$0$0$1,609,246
97$2,811,826$0$0$1,665,023
98$2,909,479$0$0$1,723,075
99$3,011,135$0$0$1,783,528
100$3,117,014$0$0$1,846,514