Can I retire at age 53 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$50,951$50,497$50,055$49,622$49,200$48,890
2 years$25,223$24,754$24,298$23,857$23,429$23,116
3 years$16,649$16,177$15,723$15,285$14,864$14,558
4 years$12,362$11,892$11,442$11,012$10,601$10,305
5 years$9,791$9,323$8,880$8,458$8,059$7,773
6 years$8,077$7,613$7,176$6,764$6,377$6,101
7 years$6,854$6,393$5,963$5,561$5,186$4,921
8 years$5,936$5,480$5,057$4,665$4,302$4,048
9 years$5,223$4,772$4,356$3,974$3,623$3,380
10 years$4,653$4,206$3,798$3,425$3,087$2,854
11 years$4,187$3,744$3,343$2,981$2,655$2,432
12 years$3,799$3,361$2,967$2,615$2,301$2,088
13 years$3,471$3,037$2,651$2,309$2,006$1,804
14 years$3,190$2,761$2,382$2,049$1,759$1,566
15 years$2,946$2,522$2,150$1,828$1,549$1,365
16 years$2,734$2,314$1,950$1,636$1,369$1,195
17 years$2,546$2,131$1,774$1,470$1,213$1,048
18 years$2,380$1,969$1,620$1,325$1,079$922
19 years$2,231$1,825$1,483$1,197$962$814
20 years$2,097$1,696$1,361$1,084$859$719
21 years$1,976$1,580$1,252$984$769$636
22 years$1,866$1,474$1,154$895$689$564
23 years$1,766$1,379$1,065$815$619$501
24 years$1,675$1,292$985$743$556$445
25 years$1,591$1,213$912$679$500$396
26 years$1,513$1,140$846$621$451$353
27 years$1,442$1,072$786$568$406$314
28 years$1,375$1,011$730$520$367$280
29 years$1,313$953$680$477$331$250
30 years$1,256$900$633$438$299$223
31 years$1,202$851$590$402$270$199
32 years$1,152$805$551$370$245$178
33 years$1,105$763$514$340$221$159
34 years$1,061$723$480$313$200$142
35 years$1,019$686$449$288$182$127
36 years$980$651$420$265$164$114
37 years$943$618$393$244$149$102
38 years$908$587$368$225$135$91
39 years$875$559$345$208$123$82
40 years$844$531$323$192$111$73
41 years$814$506$303$177$101$66
42 years$786$482$284$163$92$59
43 years$759$459$267$151$83$53
44 years$733$438$251$139$75$47
45 years$709$417$235$128$68$42
46 years$685$398$221$119$62$38
47 years$663$380$208$110$56$34
48 years$642$363$195$101$51$30
49 years$622$346$183$94$47$27
50 years$602$331$172$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $617,000, adding $4,839 every year, while hoping to spend $42,750 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: 59/23/18 Blend
52$617,000$617,000$617,000$617,000
53$684,925$652,224$642,661$721,854
54$709,302$638,698$618,704$733,894
55$734,733$623,075$592,513$741,898
56$761,279$605,210$563,965$749,651
57$789,008$584,944$532,937$757,137
58$817,994$562,113$499,297$764,338
59$848,314$536,541$462,908$771,238
60$880,053$508,043$423,627$777,821
61$913,304$476,423$381,304$784,071
62$948,167$441,473$335,783$789,976
63$984,749$402,974$286,901$795,521
64$1,023,168$360,695$234,487$800,696
65$1,063,552$314,390$178,364$805,492
66$1,106,041$263,801$118,345$809,902
67$1,150,784$208,654$54,236$813,923
68$1,197,947$148,661$0$817,554
69$1,247,708$83,517$0$823,523
70$1,300,264$12,898$0$840,407
71$1,355,826$0$0$857,837
72$1,414,629$0$0$891,956
73$1,476,926$0$0$931,584
74$1,542,994$0$0$973,637
75$1,613,137$0$0$1,018,310
76$1,687,686$0$0$1,065,819
77$1,767,005$0$0$1,116,399
78$1,851,490$0$0$1,170,307
79$1,941,576$0$0$1,227,824
80$2,037,740$0$0$1,289,259
81$2,140,504$0$0$1,354,952
82$2,250,439$0$0$1,425,272
83$2,368,174$0$0$1,500,626
84$2,494,395$0$0$1,581,460
85$2,629,858$0$0$1,668,265
86$2,775,391$0$0$1,761,576
87$2,931,902$0$0$1,861,985
88$3,100,391$0$0$1,970,138
89$3,281,952$0$0$2,086,747
90$3,477,791$0$0$2,212,593
91$3,689,229$0$0$2,348,535
92$3,917,719$0$0$2,495,516
93$4,164,860$0$0$2,654,573
94$4,432,407$0$0$2,826,846
95$4,722,289$0$0$3,013,589
96$5,036,629$0$0$3,216,179
97$5,377,761$0$0$3,436,132
98$5,748,251$0$0$3,675,116
99$6,150,923$0$0$3,934,963
100$6,588,883$0$0$4,217,692