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%17%
1 years$49,547$49,106$48,676$48,255$47,845$46,481
2 years$24,528$24,072$23,629$23,200$22,783$21,420
3 years$16,190$15,731$15,289$14,864$14,455$13,134
4 years$12,021$11,564$11,127$10,709$10,309$9,042
5 years$9,521$9,066$8,635$8,225$7,837$6,627
6 years$7,855$7,403$6,978$6,578$6,201$5,049
7 years$6,665$6,217$5,799$5,408$5,043$3,948
8 years$5,773$5,329$4,918$4,537$4,184$3,146
9 years$5,079$4,640$4,236$3,864$3,523$2,542
10 years$4,525$4,090$3,693$3,331$3,002$2,076
11 years$4,072$3,641$3,251$2,899$2,582$1,709
12 years$3,694$3,268$2,885$2,543$2,237$1,416
13 years$3,375$2,953$2,578$2,245$1,951$1,180
14 years$3,102$2,685$2,316$1,993$1,710$987
15 years$2,865$2,452$2,091$1,777$1,506$828
16 years$2,658$2,250$1,896$1,591$1,331$697
17 years$2,476$2,072$1,725$1,430$1,180$589
18 years$2,314$1,915$1,575$1,289$1,049$498
19 years$2,169$1,775$1,442$1,164$935$421
20 years$2,039$1,649$1,323$1,054$835$357
21 years$1,922$1,536$1,217$957$748$304
22 years$1,815$1,434$1,122$870$670$258
23 years$1,718$1,341$1,036$792$601$219
24 years$1,629$1,256$958$723$541$187
25 years$1,547$1,179$887$660$486$159
26 years$1,472$1,108$823$604$438$136
27 years$1,402$1,043$764$552$395$116
28 years$1,337$983$710$506$356$99
29 years$1,277$927$661$464$322$84
30 years$1,221$876$616$426$291$72
31 years$1,169$828$574$391$263$61
32 years$1,120$783$536$360$238$52
33 years$1,075$742$500$331$215$45
34 years$1,032$703$467$304$195$38
35 years$991$667$437$280$177$33
36 years$953$633$409$258$160$28
37 years$917$601$382$238$145$24
38 years$883$571$358$219$131$20
39 years$851$543$336$202$119$17
40 years$820$517$315$186$108$15
41 years$791$492$295$172$98$13
42 years$764$468$277$159$89$11
43 years$738$446$260$146$81$9
44 years$713$425$244$135$73$8
45 years$689$406$229$125$67$7
46 years$667$387$215$115$60$6
47 years$645$369$202$107$55$5
48 years$624$353$190$98$50$4
49 years$605$337$178$91$45$4
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $600,000, adding $6,756 every year, while hoping to spend $24,040 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: 60/29/11 Blend
52$600,000$600,000$600,000$600,000
53$668,169$636,369$627,069$706,120
54$710,744$641,973$622,497$738,030
55$756,855$647,045$616,967$769,497
56$806,839$651,535$610,420$803,234
57$861,065$655,388$602,797$839,461
58$919,936$658,545$594,034$878,421
59$983,901$660,945$584,065$920,383
60$1,053,449$662,521$572,821$965,644
61$1,129,121$663,205$560,230$1,014,532
62$1,211,510$662,920$546,217$1,067,407
63$1,301,270$661,590$530,701$1,124,669
64$1,399,120$659,128$513,600$1,186,759
65$1,505,853$655,448$494,828$1,254,164
66$1,622,339$650,454$474,294$1,327,420
67$1,749,537$644,046$451,903$1,407,121
68$1,888,504$636,118$427,556$1,493,922
69$2,040,402$626,558$401,149$1,588,545
70$2,206,510$615,247$372,575$1,691,788
71$2,388,238$602,058$341,720$1,804,531
72$2,587,137$586,858$308,466$1,927,746
73$2,804,916$569,504$272,691$2,062,507
74$3,043,455$549,848$234,264$2,209,996
75$3,304,828$527,731$193,052$2,371,521
76$3,591,315$502,984$148,914$2,548,522
77$3,905,430$475,431$101,703$2,742,592
78$4,249,940$444,884$51,267$2,955,485
79$4,627,894$411,143$0$3,189,140
80$5,042,650$374,000$0$3,445,993
81$5,497,906$333,232$0$3,734,544
82$5,997,737$288,605$0$4,051,392
83$6,546,631$239,872$0$4,399,429
84$7,149,532$186,769$0$4,781,844
85$7,811,885$129,022$0$5,202,154
86$8,539,691$66,338$0$5,664,237
87$9,339,560$0$0$6,172,371
88$10,218,773$0$0$6,731,777
89$11,185,352$0$0$7,370,096
90$12,248,138$0$0$8,072,001
91$13,416,867$0$0$8,843,931
92$14,702,267$0$0$9,692,978
93$16,116,161$0$0$10,626,957
94$17,671,570$0$0$11,654,479
95$19,382,846$0$0$12,785,031
96$21,265,798$0$0$14,029,065
97$23,337,847$0$0$15,398,100
98$25,618,188$0$0$16,904,826
99$28,127,970$0$0$18,563,225
100$30,890,497$0$0$20,388,705