Can I retire at age 53 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$49,547$49,106$48,676$48,255$47,845$47,033
2 years$24,528$24,072$23,629$23,200$22,783$21,968
3 years$16,190$15,731$15,289$14,864$14,455$13,661
4 years$12,021$11,564$11,127$10,709$10,309$9,543
5 years$9,521$9,066$8,635$8,225$7,837$7,101
6 years$7,855$7,403$6,978$6,578$6,201$5,496
7 years$6,665$6,217$5,799$5,408$5,043$4,370
8 years$5,773$5,329$4,918$4,537$4,184$3,541
9 years$5,079$4,640$4,236$3,864$3,523$2,912
10 years$4,525$4,090$3,693$3,331$3,002$2,420
11 years$4,072$3,641$3,251$2,899$2,582$2,030
12 years$3,694$3,268$2,885$2,543$2,237$1,714
13 years$3,375$2,953$2,578$2,245$1,951$1,456
14 years$3,102$2,685$2,316$1,993$1,710$1,242
15 years$2,865$2,452$2,091$1,777$1,506$1,064
16 years$2,658$2,250$1,896$1,591$1,331$914
17 years$2,476$2,072$1,725$1,430$1,180$788
18 years$2,314$1,915$1,575$1,289$1,049$681
19 years$2,169$1,775$1,442$1,164$935$589
20 years$2,039$1,649$1,323$1,054$835$511
21 years$1,922$1,536$1,217$957$748$443
22 years$1,815$1,434$1,122$870$670$385
23 years$1,718$1,341$1,036$792$601$335
24 years$1,629$1,256$958$723$541$292
25 years$1,547$1,179$887$660$486$255
26 years$1,472$1,108$823$604$438$222
27 years$1,402$1,043$764$552$395$194
28 years$1,337$983$710$506$356$169
29 years$1,277$927$661$464$322$148
30 years$1,221$876$616$426$291$129
31 years$1,169$828$574$391$263$113
32 years$1,120$783$536$360$238$99
33 years$1,075$742$500$331$215$86
34 years$1,032$703$467$304$195$76
35 years$991$667$437$280$177$66
36 years$953$633$409$258$160$58
37 years$917$601$382$238$145$51
38 years$883$571$358$219$131$44
39 years$851$543$336$202$119$39
40 years$820$517$315$186$108$34
41 years$791$492$295$172$98$30
42 years$764$468$277$159$89$26
43 years$738$446$260$146$81$23
44 years$713$425$244$135$73$20
45 years$689$406$229$125$67$18
46 years$667$387$215$115$60$15
47 years$645$369$202$107$55$13
48 years$624$353$190$98$50$12
49 years$605$337$178$91$45$10
50 years$586$322$168$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $600,000, adding $3,480 every year, while hoping to spend $22,920 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: 35/41/24 Blend
52$600,000$600,000$600,000$600,000
53$664,790$632,990$623,690$683,123
54$708,211$639,619$620,197$703,641
55$755,294$645,806$615,818$723,425
56$806,387$651,503$610,501$744,313
57$861,874$656,662$604,188$766,420
58$922,177$661,231$596,821$789,870
59$987,762$665,154$588,337$814,805
60$1,059,139$668,372$578,672$841,379
61$1,136,872$670,823$567,758$869,766
62$1,221,579$672,439$555,523$900,159
63$1,313,941$673,150$541,895$932,771
64$1,414,709$672,880$526,794$967,841
65$1,524,708$671,549$510,140$1,005,631
66$1,644,846$669,073$491,848$1,046,435
67$1,776,123$665,361$471,828$1,090,578
68$1,919,642$660,318$449,988$1,138,420
69$2,076,613$653,841$426,230$1,190,361
70$2,248,372$645,824$400,454$1,246,845
71$2,436,389$636,152$372,552$1,308,363
72$2,642,282$624,705$342,414$1,375,460
73$2,867,834$611,354$309,923$1,448,740
74$3,115,007$595,965$274,960$1,528,872
75$3,385,963$578,393$237,397$1,616,597
76$3,683,084$558,487$197,102$1,712,734
77$4,008,991$536,085$153,937$1,818,192
78$4,366,573$511,018$107,759$1,933,976
79$4,759,011$483,106$58,417$2,061,199
80$5,189,810$452,158$5,754$2,201,092
81$5,662,830$417,973$0$2,355,016
82$6,182,323$380,338$0$2,537,396
83$6,752,974$339,028$0$2,739,392
84$7,379,943$293,806$0$2,961,417
85$8,068,915$244,421$0$3,205,554
86$8,826,153$190,606$0$3,474,105
87$9,658,557$132,082$0$3,769,611
88$10,573,728$68,553$0$4,094,876
89$11,580,042$0$0$4,452,994
90$12,686,725$0$0$4,847,516
91$13,903,944$0$0$5,315,556
92$15,242,899$0$0$5,830,505
93$16,715,931$0$0$6,397,120
94$18,336,638$0$0$7,020,644
95$20,120,000$0$0$7,706,856
96$22,082,526$0$0$8,462,119
97$24,242,404$0$0$9,293,448
98$26,619,674$0$0$10,208,570
99$29,236,419$0$0$11,216,001
100$32,116,970$0$0$12,325,125