Can I retire at age 53 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$50,125$49,679$49,243$48,818$48,403$47,778
2 years$24,815$24,352$23,905$23,470$23,049$22,421
3 years$16,379$15,915$15,468$15,038$14,623$14,011
4 years$12,162$11,699$11,257$10,834$10,429$9,837
5 years$9,632$9,172$8,736$8,321$7,928$7,358
6 years$7,946$7,490$7,060$6,655$6,273$5,726
7 years$6,742$6,290$5,867$5,471$5,102$4,578
8 years$5,840$5,392$4,975$4,590$4,233$3,732
9 years$5,139$4,694$4,285$3,909$3,564$3,086
10 years$4,578$4,138$3,736$3,370$3,037$2,581
11 years$4,119$3,684$3,289$2,933$2,612$2,178
12 years$3,737$3,306$2,919$2,572$2,263$1,851
13 years$3,414$2,988$2,608$2,271$1,974$1,583
14 years$3,138$2,716$2,343$2,016$1,730$1,360
15 years$2,899$2,481$2,116$1,798$1,523$1,173
16 years$2,689$2,276$1,918$1,610$1,346$1,015
17 years$2,505$2,096$1,745$1,446$1,194$881
18 years$2,341$1,937$1,593$1,304$1,061$766
19 years$2,195$1,795$1,459$1,178$946$668
20 years$2,063$1,668$1,339$1,067$845$583
21 years$1,944$1,554$1,231$968$756$510
22 years$1,836$1,451$1,135$880$678$447
23 years$1,738$1,357$1,048$802$609$392
24 years$1,648$1,271$969$731$547$344
25 years$1,565$1,193$898$668$492$302
26 years$1,489$1,121$832$611$443$266
27 years$1,418$1,055$773$559$400$234
28 years$1,353$994$719$512$361$206
29 years$1,292$938$669$470$326$181
30 years$1,236$886$623$431$294$160
31 years$1,183$837$581$396$266$141
32 years$1,133$792$542$364$241$124
33 years$1,087$750$506$334$218$110
34 years$1,044$711$473$308$197$97
35 years$1,003$675$442$283$179$85
36 years$964$640$413$261$162$75
37 years$928$608$387$240$147$67
38 years$893$578$362$222$133$59
39 years$861$549$339$204$121$52
40 years$830$523$318$188$109$46
41 years$801$498$298$174$99$40
42 years$773$474$280$160$90$36
43 years$746$452$263$148$82$32
44 years$721$430$247$137$74$28
45 years$697$410$231$126$67$25
46 years$674$392$217$117$61$22
47 years$653$374$204$108$56$19
48 years$632$357$192$100$50$17
49 years$612$341$180$92$46$15
50 years$593$325$170$85$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $607,000, adding $4,179 every year, while hoping to spend $37,956 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: 22/48/30 Blend
52$607,000$607,000$607,000$607,000
53$673,225$641,054$631,645$681,600
54$701,509$632,080$612,420$680,482
55$731,406$621,395$591,279$675,866
56$763,040$608,874$568,118$670,124
57$796,547$594,387$542,827$663,186
58$832,076$577,793$515,293$654,986
59$869,789$558,945$485,396$645,450
60$909,862$537,689$453,013$634,505
61$952,492$513,859$418,012$622,075
62$997,888$487,281$380,258$608,081
63$1,046,285$457,770$339,608$592,443
64$1,097,937$425,131$295,916$575,079
65$1,153,122$389,158$249,025$555,904
66$1,212,147$349,633$198,774$534,832
67$1,275,347$306,326$144,993$511,777
68$1,343,089$258,993$87,507$486,650
69$1,415,777$207,377$26,132$459,363
70$1,493,854$151,206$0$429,828
71$1,577,805$90,193$0$410,555
72$1,668,164$24,035$0$398,602
73$1,765,516$0$0$385,576
74$1,870,505$0$0$396,597
75$1,983,837$0$0$422,282
76$2,106,289$0$0$450,120
77$2,238,715$0$0$480,319
78$2,382,052$0$0$513,103
79$2,537,331$0$0$548,720
80$2,705,687$0$0$587,444
81$2,888,365$0$0$629,574
82$3,086,738$0$0$675,441
83$3,302,314$0$0$725,408
84$3,536,751$0$0$779,876
85$3,791,875$0$0$839,285
86$4,069,694$0$0$904,119
87$4,372,419$0$0$974,912
88$4,702,482$0$0$1,052,250
89$5,062,560$0$0$1,136,781
90$5,455,599$0$0$1,229,216
91$5,884,842$0$0$1,330,339
92$6,353,861$0$0$1,441,012
93$6,866,586$0$0$1,562,185
94$7,427,345$0$0$1,694,905
95$8,040,903$0$0$1,840,324
96$8,712,506$0$0$1,999,710
97$9,447,933$0$0$2,174,462
98$10,253,547$0$0$2,366,118
99$11,136,354$0$0$2,576,374
100$12,104,070$0$0$2,807,096