Can I retire at age 53 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$50,538$50,088$49,649$49,220$48,802$48,033
2 years$25,019$24,553$24,101$23,664$23,239$22,466
3 years$16,514$16,046$15,595$15,162$14,744$13,991
4 years$12,262$11,795$11,349$10,923$10,515$9,789
5 years$9,711$9,248$8,808$8,390$7,994$7,295
6 years$8,012$7,551$7,118$6,709$6,325$5,656
7 years$6,798$6,342$5,915$5,516$5,144$4,504
8 years$5,888$5,436$5,016$4,627$4,267$3,657
9 years$5,181$4,733$4,321$3,942$3,594$3,012
10 years$4,615$4,172$3,767$3,398$3,062$2,508
11 years$4,153$3,714$3,316$2,957$2,633$2,107
12 years$3,768$3,333$2,943$2,594$2,282$1,783
13 years$3,443$3,012$2,629$2,290$1,990$1,517
14 years$3,164$2,738$2,363$2,033$1,744$1,297
15 years$2,922$2,501$2,133$1,813$1,536$1,114
16 years$2,711$2,295$1,934$1,623$1,357$959
17 years$2,525$2,114$1,760$1,458$1,204$828
18 years$2,360$1,953$1,606$1,314$1,070$717
19 years$2,213$1,810$1,471$1,188$954$622
20 years$2,080$1,682$1,350$1,076$852$540
21 years$1,960$1,567$1,241$976$762$470
22 years$1,851$1,463$1,144$888$683$410
23 years$1,752$1,368$1,056$808$614$357
24 years$1,661$1,282$977$737$551$312
25 years$1,578$1,203$905$673$496$272
26 years$1,501$1,130$839$616$447$238
27 years$1,430$1,064$779$563$403$208
28 years$1,364$1,002$725$516$364$182
29 years$1,303$946$674$473$328$160
30 years$1,246$893$628$434$297$140
31 years$1,193$844$585$399$268$123
32 years$1,143$799$546$367$243$108
33 years$1,096$757$510$337$220$94
34 years$1,052$717$477$310$199$83
35 years$1,011$680$446$286$180$73
36 years$972$645$417$263$163$64
37 years$935$613$390$242$148$56
38 years$901$583$365$223$134$49
39 years$868$554$342$206$122$43
40 years$837$527$321$190$110$38
41 years$807$502$301$175$100$33
42 years$779$478$282$162$91$29
43 years$753$455$265$149$82$26
44 years$727$434$249$138$75$23
45 years$703$414$233$127$68$20
46 years$680$395$219$118$62$17
47 years$658$377$206$109$56$15
48 years$637$360$194$100$51$13
49 years$617$343$182$93$46$12
50 years$598$328$171$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $612,000, adding $5,825 every year, while hoping to spend $32,169 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: 41/34/25 Blend
52$612,000$612,000$612,000$612,000
53$680,432$647,996$638,510$703,121
54$715,609$645,521$625,673$717,504
55$753,295$641,846$611,327$729,587
56$793,714$636,878$595,389$742,033
57$837,107$630,520$577,769$754,896
58$883,744$622,667$558,376$768,235
59$933,917$613,209$537,113$782,118
60$987,949$602,028$513,878$796,624
61$1,046,193$589,001$488,567$811,841
62$1,109,038$573,996$461,068$827,868
63$1,176,912$556,874$431,265$844,820
64$1,250,284$537,487$399,039$862,826
65$1,329,670$515,681$364,264$882,029
66$1,415,636$491,289$326,807$902,594
67$1,508,806$464,138$286,530$924,705
68$1,609,867$434,043$243,291$948,569
69$1,719,571$400,809$196,939$974,417
70$1,838,748$364,229$147,318$1,002,511
71$1,968,310$324,087$94,263$1,033,143
72$2,109,261$280,150$37,604$1,066,640
73$2,262,705$232,177$0$1,103,368
74$2,429,857$179,909$0$1,149,835
75$2,612,053$123,075$0$1,211,500
76$2,810,765$61,388$0$1,278,885
77$3,027,613$0$0$1,352,613
78$3,264,379$0$0$1,435,415
79$3,523,025$0$0$1,551,032
80$3,805,712$0$0$1,677,473
81$4,114,819$0$0$1,815,809
82$4,452,963$0$0$1,967,224
83$4,823,029$0$0$2,133,019
84$5,228,191$0$0$2,314,627
85$5,671,947$0$0$2,513,626
86$6,158,145$0$0$2,731,754
87$6,691,026$0$0$2,970,926
88$7,275,262$0$0$3,233,250
89$7,915,994$0$0$3,521,050
90$8,618,889$0$0$3,836,882
91$9,390,186$0$0$4,183,564
92$10,236,759$0$0$4,564,200
93$11,166,179$0$0$4,982,210
94$12,186,785$0$0$5,441,360
95$13,307,766$0$0$5,945,797
96$14,539,241$0$0$6,500,095
97$15,892,360$0$0$7,109,287
98$17,379,406$0$0$7,778,921
99$19,013,911$0$0$8,515,110
100$20,810,782$0$0$9,324,586