Can I retire at age 53 with 615,000?

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 $615,000?

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 years$50,786$50,334$49,892$49,462$49,041$48,428
2 years$25,142$24,673$24,220$23,780$23,353$22,736
3 years$16,595$16,124$15,672$15,236$14,816$14,215
4 years$12,322$11,853$11,405$10,977$10,567$9,986
5 years$9,759$9,293$8,851$8,431$8,033$7,473
6 years$8,051$7,588$7,153$6,742$6,356$5,819
7 years$6,831$6,373$5,944$5,543$5,169$4,654
8 years$5,917$5,463$5,041$4,650$4,288$3,796
9 years$5,206$4,756$4,342$3,961$3,611$3,141
10 years$4,638$4,192$3,785$3,414$3,077$2,629
11 years$4,173$3,732$3,332$2,971$2,646$2,220
12 years$3,787$3,350$2,957$2,606$2,293$1,888
13 years$3,459$3,027$2,642$2,301$2,000$1,615
14 years$3,179$2,752$2,374$2,043$1,753$1,388
15 years$2,937$2,514$2,144$1,822$1,544$1,198
16 years$2,725$2,306$1,943$1,631$1,364$1,038
17 years$2,538$2,124$1,768$1,466$1,210$901
18 years$2,372$1,963$1,614$1,321$1,075$785
19 years$2,224$1,819$1,478$1,193$959$685
20 years$2,090$1,690$1,356$1,081$856$598
21 years$1,970$1,574$1,248$981$766$524
22 years$1,860$1,470$1,150$892$687$459
23 years$1,761$1,375$1,062$812$617$403
24 years$1,669$1,288$982$741$554$354
25 years$1,586$1,209$909$677$499$311
26 years$1,508$1,136$843$619$449$274
27 years$1,437$1,069$783$566$405$241
28 years$1,371$1,007$728$519$365$212
29 years$1,309$950$678$476$330$187
30 years$1,252$897$631$437$298$165
31 years$1,198$848$588$401$270$146
32 years$1,148$803$549$369$244$129
33 years$1,101$760$513$339$221$114
34 years$1,057$721$479$312$200$100
35 years$1,016$683$448$287$181$89
36 years$977$649$419$264$164$78
37 years$940$616$392$244$149$69
38 years$905$585$367$225$135$61
39 years$872$557$344$207$122$54
40 years$841$530$322$191$111$48
41 years$811$504$302$176$101$42
42 years$783$480$284$163$91$37
43 years$756$458$266$150$83$33
44 years$731$436$250$139$75$29
45 years$706$416$235$128$68$26
46 years$683$397$220$118$62$23
47 years$661$379$207$109$56$20
48 years$640$361$194$101$51$18
49 years$620$345$183$93$46$16
50 years$600$330$172$86$42$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $615,000, adding $6,146 every year, while hoping to spend $23,410 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: 64/15/21 Blend
52$615,000$615,000$615,000$615,000
53$684,070$651,475$641,942$723,789
54$728,937$658,489$638,539$758,287
55$777,596$665,062$634,237$792,769
56$830,408$671,148$628,982$829,898
57$887,773$676,698$622,717$869,936
58$950,128$681,658$615,380$913,171
59$1,017,955$685,973$606,909$959,919
60$1,091,784$689,583$597,238$1,010,531
61$1,172,199$692,425$586,298$1,065,394
62$1,259,841$694,432$574,017$1,124,934
63$1,355,417$695,531$560,318$1,189,622
64$1,459,704$695,647$545,124$1,259,977
65$1,573,559$694,699$528,351$1,336,572
66$1,697,923$692,601$509,912$1,420,040
67$1,833,835$689,261$489,717$1,511,078
68$1,982,435$684,584$467,671$1,610,455
69$2,144,981$678,466$443,676$1,719,021
70$2,322,857$670,800$417,628$1,837,714
71$2,517,588$661,468$389,418$1,967,566
72$2,730,852$650,350$358,933$2,109,717
73$2,964,498$637,317$326,057$2,265,426
74$3,220,562$622,230$290,664$2,436,080
75$3,501,285$604,945$252,627$2,623,209
76$3,809,136$585,308$211,811$2,828,502
77$4,146,837$563,157$168,075$3,053,822
78$4,517,382$538,319$121,273$3,301,221
79$4,924,070$510,612$71,252$3,572,966
80$5,370,538$479,844$17,851$3,871,555
81$5,860,787$445,812$0$4,199,744
82$6,399,230$408,298$0$4,569,341
83$6,990,724$367,077$0$4,979,766
84$7,640,621$321,908$0$5,430,754
85$8,354,819$272,536$0$5,926,421
86$9,139,812$218,692$0$6,471,307
87$10,002,759$160,093$0$7,070,415
88$10,951,542$96,440$0$7,729,257
89$11,994,849$27,415$0$8,453,910
90$13,142,250$0$0$9,251,071
91$14,404,290$0$0$10,135,931
92$15,792,587$0$0$11,114,340
93$17,319,939$0$0$12,190,800
94$19,000,452$0$0$13,375,257
95$20,849,664$0$0$14,678,670
96$22,884,698$0$0$16,113,114
97$25,124,419$0$0$17,691,894
98$27,589,614$0$0$19,429,669
99$30,303,187$0$0$21,342,593
100$33,290,378$0$0$23,448,465