Can I retire at age 53 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$49,878$49,433$49,000$48,577$48,164$46,566
2 years$24,692$24,232$23,786$23,354$22,935$21,341
3 years$16,298$15,836$15,391$14,963$14,551$13,010
4 years$12,102$11,641$11,201$10,780$10,378$8,903
5 years$9,584$9,127$8,692$8,280$7,889$6,483
6 years$7,907$7,453$7,025$6,622$6,242$4,907
7 years$6,709$6,259$5,838$5,444$5,077$3,812
8 years$5,811$5,365$4,951$4,567$4,212$3,016
9 years$5,113$4,671$4,264$3,890$3,547$2,419
10 years$4,555$4,117$3,718$3,353$3,022$1,960
11 years$4,099$3,665$3,273$2,918$2,599$1,601
12 years$3,719$3,290$2,905$2,560$2,252$1,317
13 years$3,398$2,973$2,595$2,260$1,964$1,088
14 years$3,122$2,702$2,332$2,006$1,722$902
15 years$2,884$2,469$2,105$1,789$1,516$751
16 years$2,676$2,265$1,909$1,602$1,340$627
17 years$2,492$2,086$1,737$1,439$1,188$524
18 years$2,329$1,928$1,585$1,297$1,056$440
19 years$2,184$1,786$1,451$1,172$941$369
20 years$2,053$1,660$1,332$1,062$841$310
21 years$1,934$1,546$1,225$963$753$261
22 years$1,827$1,443$1,129$876$675$220
23 years$1,729$1,350$1,043$798$606$185
24 years$1,640$1,265$964$728$544$156
25 years$1,557$1,187$893$664$490$132
26 years$1,481$1,116$828$608$441$111
27 years$1,411$1,050$769$556$398$94
28 years$1,346$989$715$510$359$79
29 years$1,286$933$665$467$324$67
30 years$1,229$881$620$429$293$57
31 years$1,177$833$578$394$265$48
32 years$1,128$788$539$362$239$40
33 years$1,082$747$503$333$217$34
34 years$1,038$708$470$306$196$29
35 years$998$671$440$282$178$24
36 years$959$637$411$260$161$21
37 years$923$605$385$239$146$17
38 years$889$575$361$220$132$15
39 years$856$547$338$203$120$12
40 years$826$520$317$188$109$11
41 years$797$495$297$173$99$9
42 years$769$472$278$160$90$8
43 years$743$449$261$147$81$6
44 years$718$428$245$136$74$5
45 years$694$408$230$126$67$5
46 years$671$390$216$116$61$4
47 years$649$372$203$107$55$3
48 years$629$355$191$99$50$3
49 years$609$339$180$92$46$2
50 years$590$324$169$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $604,000, adding $5,911 every year, while hoping to spend $43,264 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: 47/30/23 Blend
52$604,000$604,000$604,000$604,000
53$671,705$639,693$630,331$698,618
54$694,187$625,006$605,415$703,385
55$717,511$608,148$578,214$703,796
56$741,719$588,969$548,605$703,366
57$766,853$567,308$516,463$702,035
58$792,960$542,993$481,652$699,742
59$820,087$515,846$444,033$696,423
60$848,289$485,675$403,461$692,010
61$877,621$452,279$359,783$686,432
62$908,142$415,445$312,840$679,617
63$939,919$374,948$262,466$671,488
64$973,020$330,550$208,488$661,964
65$1,007,520$281,999$150,724$650,962
66$1,043,499$229,029$88,986$638,396
67$1,081,045$171,360$23,075$624,175
68$1,120,250$108,695$0$608,205
69$1,161,215$40,721$0$601,987
70$1,204,051$0$0$600,621
71$1,248,873$0$0$609,245
72$1,295,811$0$0$632,372
73$1,345,002$0$0$656,628
74$1,396,597$0$0$682,092
75$1,450,759$0$0$708,844
76$1,507,663$0$0$736,977
77$1,567,503$0$0$766,587
78$1,630,488$0$0$797,783
79$1,696,845$0$0$830,680
80$1,766,822$0$0$865,406
81$1,840,688$0$0$902,099
82$1,918,739$0$0$940,910
83$2,001,296$0$0$982,004
84$2,088,709$0$0$1,025,560
85$2,181,361$0$0$1,071,776
86$2,279,672$0$0$1,120,867
87$2,384,098$0$0$1,173,068
88$2,495,141$0$0$1,228,636
89$2,613,347$0$0$1,287,853
90$2,739,318$0$0$1,351,029
91$2,873,709$0$0$1,418,500
92$3,017,239$0$0$1,490,639
93$3,170,698$0$0$1,567,849
94$3,334,949$0$0$1,650,579
95$3,510,940$0$0$1,739,315
96$3,699,710$0$0$1,834,593
97$3,902,401$0$0$1,937,004
98$4,120,264$0$0$2,047,191
99$4,354,674$0$0$2,165,865
100$4,607,138$0$0$2,293,804