Can I retire at age 53 with 621,000?

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 $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%18.8%
1 years$51,282$50,825$50,379$49,944$49,519$47,762
2 years$25,387$24,914$24,456$24,012$23,581$21,829
3 years$16,757$16,282$15,825$15,384$14,961$13,270
4 years$12,442$11,969$11,516$11,084$10,670$9,053
5 years$9,854$9,384$8,937$8,513$8,111$6,572
6 years$8,129$7,662$7,222$6,808$6,418$4,958
7 years$6,898$6,435$6,002$5,597$5,220$3,838
8 years$5,975$5,516$5,090$4,695$4,330$3,026
9 years$5,257$4,803$4,384$4,000$3,647$2,418
10 years$4,683$4,233$3,822$3,448$3,107$1,952
11 years$4,214$3,769$3,365$3,000$2,672$1,589
12 years$3,824$3,383$2,986$2,632$2,316$1,301
13 years$3,493$3,057$2,668$2,323$2,019$1,070
14 years$3,210$2,779$2,397$2,063$1,770$884
15 years$2,965$2,538$2,164$1,839$1,559$733
16 years$2,751$2,329$1,962$1,647$1,377$609
17 years$2,563$2,145$1,786$1,480$1,221$507
18 years$2,395$1,982$1,630$1,334$1,086$423
19 years$2,245$1,837$1,492$1,205$968$354
20 years$2,111$1,707$1,370$1,091$865$296
21 years$1,989$1,590$1,260$991$774$248
22 years$1,879$1,484$1,161$901$694$208
23 years$1,778$1,388$1,072$820$623$174
24 years$1,686$1,300$991$748$560$146
25 years$1,601$1,220$918$683$504$123
26 years$1,523$1,147$852$625$454$103
27 years$1,451$1,079$791$572$409$87
28 years$1,384$1,017$735$524$369$73
29 years$1,322$960$684$480$333$61
30 years$1,264$906$637$441$301$51
31 years$1,210$857$594$405$272$43
32 years$1,160$811$554$372$246$36
33 years$1,112$768$518$342$223$31
34 years$1,068$728$484$315$202$26
35 years$1,026$690$452$290$183$22
36 years$986$655$423$267$166$18
37 years$949$622$396$246$150$15
38 years$914$591$371$227$136$13
39 years$881$562$347$209$123$11
40 years$849$535$326$193$112$9
41 years$819$509$305$178$102$8
42 years$791$485$286$164$92$6
43 years$764$462$269$152$84$5
44 years$738$440$252$140$76$5
45 years$713$420$237$129$69$4
46 years$690$401$222$119$63$3
47 years$668$382$209$110$57$3
48 years$646$365$196$102$52$2
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 $6,703 every year, while hoping to spend $45,288 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: 39/41/20 Blend
52$621,000$621,000$621,000$621,000
53$691,256$658,343$648,718$713,865
54$713,578$642,416$622,264$714,808
55$736,659$624,190$593,405$711,025
56$760,529$603,506$562,015$706,004
57$785,218$580,193$527,958$699,656
58$810,760$554,072$491,094$691,890
59$837,189$524,953$451,277$682,609
60$864,541$492,634$408,353$671,710
61$892,854$456,904$362,164$659,085
62$922,170$417,537$312,541$644,622
63$952,530$374,295$259,310$628,199
64$983,981$326,928$202,289$609,691
65$1,016,570$275,171$141,289$588,966
66$1,050,348$218,742$76,110$565,883
67$1,085,369$157,346$6,545$540,297
68$1,121,691$90,670$0$512,051
69$1,159,374$18,384$0$495,431
70$1,198,485$0$0$478,248
71$1,239,091$0$0$485,984
72$1,281,267$0$0$502,644
73$1,325,093$0$0$519,967
74$1,370,653$0$0$537,988
75$1,418,038$0$0$556,743
76$1,467,344$0$0$576,274
77$1,518,677$0$0$596,624
78$1,572,148$0$0$617,838
79$1,627,878$0$0$639,968
80$1,685,997$0$0$663,067
81$1,746,644$0$0$687,193
82$1,809,970$0$0$712,410
83$1,876,139$0$0$738,785
84$1,945,325$0$0$766,393
85$2,017,720$0$0$795,312
86$2,093,529$0$0$825,630
87$2,172,976$0$0$857,439
88$2,256,303$0$0$890,843
89$2,343,772$0$0$925,951
90$2,435,668$0$0$962,883
91$2,532,303$0$0$1,001,771
92$2,634,012$0$0$1,042,757
93$2,741,163$0$0$1,085,996
94$2,854,155$0$0$1,131,657
95$2,973,425$0$0$1,179,924
96$3,099,446$0$0$1,230,999
97$3,232,738$0$0$1,285,101
98$3,373,866$0$0$1,342,470
99$3,523,448$0$0$1,403,370
100$3,682,159$0$0$1,468,086