Can I retire at age 53 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$51,282$50,825$50,379$49,944$49,519$47,820
2 years$25,387$24,914$24,456$24,012$23,581$21,885
3 years$16,757$16,282$15,825$15,384$14,961$13,323
4 years$12,442$11,969$11,516$11,084$10,670$9,103
5 years$9,854$9,384$8,937$8,513$8,111$6,619
6 years$8,129$7,662$7,222$6,808$6,418$5,001
7 years$6,898$6,435$6,002$5,597$5,220$3,878
8 years$5,975$5,516$5,090$4,695$4,330$3,063
9 years$5,257$4,803$4,384$4,000$3,647$2,452
10 years$4,683$4,233$3,822$3,448$3,107$1,984
11 years$4,214$3,769$3,365$3,000$2,672$1,617
12 years$3,824$3,383$2,986$2,632$2,316$1,327
13 years$3,493$3,057$2,668$2,323$2,019$1,094
14 years$3,210$2,779$2,397$2,063$1,770$906
15 years$2,965$2,538$2,164$1,839$1,559$752
16 years$2,751$2,329$1,962$1,647$1,377$627
17 years$2,563$2,145$1,786$1,480$1,221$523
18 years$2,395$1,982$1,630$1,334$1,086$437
19 years$2,245$1,837$1,492$1,205$968$366
20 years$2,111$1,707$1,370$1,091$865$307
21 years$1,989$1,590$1,260$991$774$258
22 years$1,879$1,484$1,161$901$694$217
23 years$1,778$1,388$1,072$820$623$182
24 years$1,686$1,300$991$748$560$153
25 years$1,601$1,220$918$683$504$129
26 years$1,523$1,147$852$625$454$108
27 years$1,451$1,079$791$572$409$91
28 years$1,384$1,017$735$524$369$77
29 years$1,322$960$684$480$333$65
30 years$1,264$906$637$441$301$55
31 years$1,210$857$594$405$272$46
32 years$1,160$811$554$372$246$39
33 years$1,112$768$518$342$223$33
34 years$1,068$728$484$315$202$28
35 years$1,026$690$452$290$183$23
36 years$986$655$423$267$166$20
37 years$949$622$396$246$150$17
38 years$914$591$371$227$136$14
39 years$881$562$347$209$123$12
40 years$849$535$326$193$112$10
41 years$819$509$305$178$102$8
42 years$791$485$286$164$92$7
43 years$764$462$269$152$84$6
44 years$738$440$252$140$76$5
45 years$713$420$237$129$69$4
46 years$690$401$222$119$63$4
47 years$668$382$209$110$57$3
48 years$646$365$196$102$52$3
49 years$626$349$185$94$47$2
50 years$606$333$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $621,000, adding $3,641 every year, while hoping to spend $24,915 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: 69/15/16 Blend
52$621,000$621,000$621,000$621,000
53$688,098$655,185$645,559$732,747
54$731,774$660,779$640,676$768,545
55$779,071$665,813$634,794$804,397
56$830,330$670,232$627,854$842,993
57$885,930$673,979$619,793$884,600
58$946,284$676,994$610,545$929,514
59$1,011,849$679,210$600,043$978,059
60$1,083,126$680,560$588,213$1,030,594
61$1,160,668$680,971$574,981$1,087,515
62$1,245,082$680,364$560,268$1,149,259
63$1,337,035$678,657$543,993$1,216,308
64$1,437,264$675,763$526,068$1,289,192
65$1,546,578$671,588$506,404$1,368,498
66$1,665,867$666,034$484,906$1,454,872
67$1,796,112$658,996$461,477$1,549,027
68$1,938,393$650,364$436,014$1,651,749
69$2,093,896$640,019$408,408$1,763,906
70$2,263,932$627,838$378,548$1,886,453
71$2,449,940$613,689$346,316$2,020,448
72$2,653,505$597,432$311,589$2,167,052
73$2,876,375$578,918$274,240$2,327,550
74$3,120,473$557,992$234,134$2,503,357
75$3,387,915$534,488$191,132$2,696,035
76$3,681,035$508,231$145,088$2,907,305
77$4,002,402$479,035$95,849$3,139,067
78$4,354,843$446,704$43,256$3,393,414
79$4,741,476$411,032$0$3,672,656
80$5,165,732$371,798$0$3,981,537
81$5,631,392$328,771$0$4,328,691
82$6,142,620$281,707$0$4,709,855
83$6,704,003$230,347$0$5,128,474
84$7,320,595$174,417$0$5,588,349
85$7,997,962$113,630$0$6,093,666
86$8,742,236$47,680$0$6,649,040
87$9,560,173$0$0$7,259,558
88$10,459,217$0$0$7,934,745
89$11,447,565$0$0$8,685,692
90$12,534,253$0$0$9,511,395
91$13,729,232$0$0$10,419,422
92$15,043,469$0$0$11,418,111
93$16,489,044$0$0$12,516,647
94$18,079,269$0$0$13,725,152
95$19,828,810$0$0$15,054,776
96$21,753,826$0$0$16,517,805
97$23,872,121$0$0$18,127,779
98$26,203,313$0$0$19,899,612
99$28,769,019$0$0$21,849,740
100$31,593,055$0$0$23,996,272