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%12.5%
1 years$51,116$50,661$50,217$49,783$49,360$48,844
2 years$25,305$24,834$24,377$23,934$23,505$22,986
3 years$16,703$16,229$15,774$15,335$14,912$14,406
4 years$12,402$11,930$11,479$11,048$10,636$10,145
5 years$9,822$9,353$8,908$8,486$8,085$7,613
6 years$8,103$7,638$7,199$6,786$6,397$5,943
7 years$6,876$6,414$5,983$5,579$5,203$4,767
8 years$5,956$5,498$5,074$4,680$4,316$3,899
9 years$5,240$4,787$4,370$3,987$3,635$3,236
10 years$4,668$4,220$3,810$3,437$3,097$2,717
11 years$4,201$3,756$3,354$2,991$2,664$2,301
12 years$3,811$3,372$2,977$2,623$2,308$1,963
13 years$3,482$3,047$2,659$2,316$2,013$1,685
14 years$3,200$2,770$2,390$2,056$1,764$1,453
15 years$2,956$2,530$2,157$1,833$1,554$1,258
16 years$2,742$2,321$1,956$1,642$1,373$1,094
17 years$2,554$2,138$1,780$1,475$1,217$953
18 years$2,387$1,975$1,625$1,329$1,082$833
19 years$2,238$1,831$1,487$1,201$965$729
20 years$2,104$1,701$1,365$1,088$862$640
21 years$1,983$1,585$1,256$987$771$562
22 years$1,872$1,479$1,157$898$691$495
23 years$1,772$1,384$1,069$818$621$436
24 years$1,680$1,296$988$746$558$384
25 years$1,596$1,216$915$681$502$339
26 years$1,518$1,143$849$623$452$300
27 years$1,446$1,076$788$570$408$265
28 years$1,380$1,014$733$522$368$234
29 years$1,318$956$682$479$332$207
30 years$1,260$903$635$439$300$184
31 years$1,206$854$592$404$271$163
32 years$1,156$808$553$371$245$144
33 years$1,109$765$516$341$222$128
34 years$1,064$725$482$314$201$113
35 years$1,022$688$451$289$182$101
36 years$983$653$422$266$165$89
37 years$946$620$395$245$150$79
38 years$911$589$370$226$136$70
39 years$878$560$346$208$123$62
40 years$846$533$324$192$112$55
41 years$816$507$304$177$101$49
42 years$788$483$285$164$92$44
43 years$761$461$268$151$83$39
44 years$735$439$251$139$76$34
45 years$711$419$236$129$69$31
46 years$688$399$222$119$62$27
47 years$665$381$208$110$57$24
48 years$644$364$196$102$51$21
49 years$624$347$184$94$47$19
50 years$604$332$173$87$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $619,000, adding $3,837 every year, while hoping to spend $51,760 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: 76/8/16 Blend
52$619,000$619,000$619,000$619,000
53$686,096$653,289$643,694$735,541
54$701,005$630,228$610,186$745,675
55$715,701$604,302$573,820$749,945
56$730,106$575,316$534,447$753,221
57$744,135$543,065$491,908$755,390
58$757,690$507,329$446,041$756,325
59$770,665$467,878$396,673$755,887
60$782,936$424,468$343,626$753,926
61$794,371$376,841$286,712$750,276
62$804,816$324,726$225,736$744,754
63$814,103$267,833$160,494$737,163
64$822,044$205,860$90,774$727,283
65$828,429$138,484$16,351$714,875
66$833,026$65,366$0$699,679
67$835,574$0$0$692,173
68$835,787$0$0$686,175
69$833,343$0$0$683,693
70$827,887$0$0$678,675
71$819,026$0$0$670,790
72$806,321$0$0$659,672
73$789,289$0$0$644,915
74$767,392$0$0$626,068
75$740,036$0$0$602,633
76$706,563$0$0$574,057
77$666,243$0$0$539,731
78$618,270$0$0$498,977
79$561,752$0$0$451,049
80$495,703$0$0$395,120
81$419,031$0$0$330,274
82$330,531$0$0$255,502
83$228,869$0$0$169,687
84$112,574$0$0$71,594
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0