Can I retire at age 53 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$50,291$49,843$49,406$48,979$48,563$46,914
2 years$24,896$24,433$23,983$23,548$23,125$21,481
3 years$16,433$15,967$15,519$15,087$14,671$13,083
4 years$12,202$11,737$11,294$10,869$10,464$8,943
5 years$9,664$9,202$8,764$8,349$7,954$6,506
6 years$7,972$7,514$7,083$6,677$6,294$4,919
7 years$6,765$6,311$5,886$5,489$5,119$3,816
8 years$5,859$5,409$4,992$4,605$4,247$3,016
9 years$5,156$4,710$4,299$3,922$3,576$2,416
10 years$4,593$4,151$3,748$3,381$3,047$1,956
11 years$4,133$3,696$3,300$2,942$2,621$1,596
12 years$3,750$3,317$2,929$2,581$2,271$1,310
13 years$3,426$2,998$2,617$2,279$1,980$1,081
14 years$3,148$2,725$2,351$2,023$1,736$895
15 years$2,908$2,489$2,123$1,804$1,528$744
16 years$2,698$2,284$1,924$1,615$1,351$620
17 years$2,513$2,103$1,751$1,451$1,198$518
18 years$2,349$1,944$1,599$1,308$1,065$434
19 years$2,202$1,801$1,463$1,182$949$363
20 years$2,070$1,674$1,343$1,070$848$305
21 years$1,951$1,559$1,235$971$759$256
22 years$1,842$1,455$1,139$883$680$215
23 years$1,743$1,361$1,051$804$611$181
24 years$1,653$1,275$972$734$549$153
25 years$1,570$1,197$901$670$494$128
26 years$1,494$1,125$835$613$445$108
27 years$1,423$1,059$776$561$401$91
28 years$1,357$998$721$514$362$77
29 years$1,296$941$671$471$327$65
30 years$1,240$889$625$432$295$55
31 years$1,187$840$583$397$267$46
32 years$1,137$795$544$365$241$39
33 years$1,091$753$508$336$219$33
34 years$1,047$713$474$309$198$28
35 years$1,006$677$443$284$179$23
36 years$967$642$415$262$162$20
37 years$931$610$388$241$147$17
38 years$896$580$364$222$133$14
39 years$864$551$341$205$121$12
40 years$833$525$319$189$110$10
41 years$803$499$299$174$100$8
42 years$775$476$281$161$90$7
43 years$749$453$263$149$82$6
44 years$724$432$247$137$74$5
45 years$700$412$232$127$68$4
46 years$677$393$218$117$61$4
47 years$655$375$205$108$56$3
48 years$634$358$193$100$51$3
49 years$614$342$181$92$46$2
50 years$595$326$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $609,000, adding $2,503 every year, while hoping to spend $45,592 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: 57/17/26 Blend
52$609,000$609,000$609,000$609,000
53$673,700$641,423$631,983$707,189
54$693,908$624,343$604,645$713,331
55$714,649$604,898$574,863$715,004
56$735,929$582,924$542,507$715,877
57$757,754$558,248$507,442$715,885
58$780,129$530,686$469,524$714,962
59$803,055$500,043$428,607$713,033
60$826,536$466,114$384,534$710,023
61$850,571$428,682$337,145$705,850
62$875,159$387,518$286,269$700,426
63$900,297$342,378$231,731$693,658
64$925,979$293,006$173,345$685,449
65$952,197$239,131$110,920$675,692
66$978,940$180,467$44,255$664,277
67$1,006,193$116,711$0$651,083
68$1,033,939$47,545$0$643,445
69$1,062,157$0$0$647,353
70$1,090,820$0$0$655,559
71$1,119,896$0$0$672,889
72$1,149,349$0$0$690,428
73$1,179,137$0$0$708,145
74$1,209,207$0$0$726,009
75$1,239,504$0$0$743,983
76$1,269,960$0$0$762,024
77$1,300,500$0$0$780,083
78$1,331,036$0$0$798,105
79$1,361,470$0$0$816,025
80$1,391,691$0$0$833,774
81$1,421,572$0$0$851,271
82$1,450,970$0$0$868,424
83$1,479,725$0$0$885,133
84$1,507,658$0$0$901,281
85$1,534,564$0$0$916,742
86$1,560,219$0$0$931,371
87$1,584,368$0$0$945,007
88$1,606,729$0$0$957,471
89$1,626,983$0$0$968,562
90$1,644,779$0$0$978,058
91$1,659,724$0$0$985,710
92$1,671,379$0$0$991,241
93$1,679,257$0$0$994,343
94$1,682,817$0$0$994,674
95$1,681,456$0$0$991,855
96$1,674,507$0$0$985,464
97$1,661,228$0$0$975,032
98$1,640,796$0$0$960,042
99$1,612,299$0$0$939,917
100$1,574,725$0$0$914,022