Can I retire at age 53 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$50,043$49,597$49,162$48,738$48,323$46,908
2 years$24,774$24,312$23,865$23,432$23,011$21,597
3 years$16,352$15,888$15,442$15,013$14,599$13,230
4 years$12,142$11,680$11,238$10,816$10,412$9,099
5 years$9,616$9,157$8,721$8,308$7,915$6,661
6 years$7,933$7,477$7,048$6,644$6,263$5,069
7 years$6,731$6,279$5,857$5,462$5,094$3,960
8 years$5,830$5,383$4,967$4,582$4,226$3,152
9 years$5,130$4,687$4,278$3,903$3,559$2,544
10 years$4,570$4,131$3,730$3,364$3,032$2,074
11 years$4,112$3,678$3,284$2,928$2,608$1,706
12 years$3,731$3,301$2,914$2,568$2,260$1,411
13 years$3,409$2,983$2,604$2,267$1,971$1,174
14 years$3,133$2,711$2,339$2,013$1,727$981
15 years$2,894$2,477$2,112$1,795$1,521$822
16 years$2,685$2,273$1,915$1,607$1,344$691
17 years$2,501$2,093$1,743$1,444$1,192$582
18 years$2,337$1,934$1,591$1,301$1,060$492
19 years$2,191$1,792$1,456$1,176$945$416
20 years$2,060$1,666$1,336$1,065$844$352
21 years$1,941$1,551$1,229$967$755$299
22 years$1,833$1,448$1,133$879$677$253
23 years$1,735$1,354$1,046$800$608$215
24 years$1,645$1,269$967$730$546$183
25 years$1,562$1,191$896$667$491$156
26 years$1,486$1,119$831$610$443$132
27 years$1,416$1,053$772$558$399$113
28 years$1,351$993$717$511$360$96
29 years$1,290$936$668$469$325$82
30 years$1,234$884$622$430$294$70
31 years$1,181$836$580$395$266$59
32 years$1,132$791$541$363$240$51
33 years$1,085$749$505$334$217$43
34 years$1,042$710$472$307$197$37
35 years$1,001$673$441$283$178$31
36 years$962$639$413$260$162$27
37 years$926$607$386$240$146$23
38 years$892$577$362$221$133$19
39 years$859$549$339$204$120$17
40 years$828$522$318$188$109$14
41 years$799$497$298$174$99$12
42 years$772$473$279$160$90$10
43 years$745$451$262$148$82$9
44 years$720$430$246$137$74$7
45 years$696$410$231$126$67$6
46 years$673$391$217$116$61$5
47 years$651$373$204$108$55$5
48 years$631$356$192$99$50$4
49 years$611$340$180$92$46$3
50 years$592$325$169$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $606,000, adding $5,870 every year, while hoping to spend $46,164 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: 25/50/25 Blend
52$606,000$606,000$606,000$606,000
53$673,867$641,749$632,356$685,279
54$693,483$624,076$604,422$677,417
55$713,553$603,991$574,004$664,643
56$734,074$581,325$540,972$649,967
57$755,042$555,902$505,187$633,260
58$776,451$527,536$466,505$614,384
59$798,292$496,028$424,776$593,196
60$820,553$461,170$379,842$569,541
61$843,222$422,739$331,539$543,258
62$866,281$380,503$279,696$514,176
63$889,709$334,215$224,133$482,111
64$913,481$283,613$164,663$446,874
65$937,568$228,422$101,091$408,260
66$961,935$168,351$33,213$366,054
67$986,543$103,091$0$320,031
68$1,011,346$32,317$0$280,411
69$1,036,290$0$0$246,613
70$1,061,314$0$0$233,942
71$1,086,350$0$0$238,998
72$1,111,318$0$0$243,977
73$1,136,129$0$0$248,854
74$1,160,681$0$0$253,597
75$1,184,861$0$0$258,174
76$1,208,540$0$0$262,548
77$1,231,572$0$0$266,675
78$1,253,797$0$0$270,511
79$1,275,031$0$0$274,001
80$1,295,072$0$0$277,088
81$1,313,691$0$0$279,707
82$1,330,635$0$0$281,786
83$1,345,621$0$0$283,243
84$1,358,331$0$0$283,989
85$1,368,415$0$0$283,925
86$1,375,481$0$0$282,939
87$1,379,093$0$0$280,910
88$1,378,768$0$0$277,702
89$1,373,968$0$0$273,162
90$1,364,098$0$0$267,123
91$1,348,496$0$0$259,401
92$1,326,428$0$0$249,790
93$1,297,081$0$0$238,062
94$1,259,555$0$0$223,966
95$1,212,851$0$0$207,224
96$1,155,865$0$0$187,526
97$1,087,375$0$0$164,533
98$1,006,028$0$0$137,869
99$910,327$0$0$107,115
100$798,617$0$0$71,813