Can I retire at age 53 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$51,034$50,579$50,136$49,703$49,280$48,345
2 years$25,264$24,794$24,338$23,896$23,467$22,528
3 years$16,676$16,203$15,748$15,310$14,888$13,975
4 years$12,382$11,911$11,461$11,030$10,618$9,738
5 years$9,807$9,338$8,894$8,472$8,072$7,227
6 years$8,090$7,625$7,188$6,775$6,387$5,579
7 years$6,865$6,404$5,973$5,570$5,194$4,423
8 years$5,946$5,489$5,066$4,673$4,309$3,574
9 years$5,232$4,779$4,363$3,980$3,629$2,930
10 years$4,661$4,213$3,804$3,431$3,092$2,428
11 years$4,194$3,750$3,349$2,986$2,659$2,030
12 years$3,805$3,366$2,972$2,619$2,305$1,709
13 years$3,476$3,042$2,655$2,312$2,010$1,446
14 years$3,195$2,765$2,386$2,053$1,762$1,230
15 years$2,951$2,526$2,154$1,831$1,551$1,050
16 years$2,738$2,318$1,953$1,639$1,371$899
17 years$2,550$2,134$1,777$1,473$1,215$772
18 years$2,383$1,972$1,622$1,327$1,081$664
19 years$2,234$1,828$1,485$1,199$963$573
20 years$2,100$1,699$1,363$1,086$860$495
21 years$1,979$1,582$1,254$986$770$428
22 years$1,869$1,477$1,155$896$690$371
23 years$1,769$1,381$1,067$816$620$321
24 years$1,678$1,294$987$744$557$279
25 years$1,593$1,215$914$680$501$242
26 years$1,516$1,141$848$622$451$210
27 years$1,444$1,074$787$569$407$183
28 years$1,377$1,012$732$521$367$159
29 years$1,316$955$681$478$332$138
30 years$1,258$902$634$439$300$120
31 years$1,204$853$591$403$271$105
32 years$1,154$807$552$370$245$91
33 years$1,107$764$515$341$222$80
34 years$1,062$724$481$313$201$69
35 years$1,021$687$450$288$182$60
36 years$982$652$421$266$165$53
37 years$944$619$394$245$149$46
38 years$909$588$369$226$135$40
39 years$876$559$346$208$123$35
40 years$845$532$324$192$111$30
41 years$815$507$304$177$101$27
42 years$787$483$285$163$92$23
43 years$760$460$267$151$83$20
44 years$734$438$251$139$76$18
45 years$710$418$236$129$69$15
46 years$687$399$221$119$62$13
47 years$664$380$208$110$57$12
48 years$643$363$195$101$51$10
49 years$623$347$184$94$47$9
50 years$603$331$173$87$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $618,000, adding $2,809 every year, while hoping to spend $45,861 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: 56/26/18 Blend
52$618,000$618,000$618,000$618,000
53$683,933$651,179$641,600$718,809
54$704,899$634,292$614,298$725,985
55$726,466$615,039$584,545$728,625
56$748,647$593,258$552,208$730,478
57$771,455$568,774$517,154$731,478
58$794,903$541,403$479,238$731,558
59$819,002$510,951$438,311$730,643
60$843,765$477,212$394,219$728,656
61$869,202$439,968$346,798$725,515
62$895,324$398,990$295,879$721,131
63$922,140$354,033$241,285$715,412
64$949,660$304,842$182,829$708,258
65$977,890$251,145$120,319$699,565
66$1,006,838$192,654$53,553$689,220
67$1,036,509$129,068$0$677,106
68$1,066,906$60,065$0$666,495
69$1,098,031$0$0$665,052
70$1,129,882$0$0$666,586
71$1,162,458$0$0$685,723
72$1,195,753$0$0$705,272
73$1,229,757$0$0$725,229
74$1,264,459$0$0$745,583
75$1,299,842$0$0$766,324
76$1,335,887$0$0$787,439
77$1,372,567$0$0$808,911
78$1,409,851$0$0$830,719
79$1,447,703$0$0$852,839
80$1,486,078$0$0$875,244
81$1,524,925$0$0$897,899
82$1,564,184$0$0$920,766
83$1,603,783$0$0$943,801
84$1,643,644$0$0$966,953
85$1,683,673$0$0$990,164
86$1,723,764$0$0$1,013,366
87$1,763,799$0$0$1,036,484
88$1,803,639$0$0$1,059,433
89$1,843,131$0$0$1,082,115
90$1,882,100$0$0$1,104,421
91$1,920,350$0$0$1,126,228
92$1,957,658$0$0$1,147,398
93$1,993,778$0$0$1,167,776
94$2,028,429$0$0$1,187,187
95$2,061,300$0$0$1,205,437
96$2,092,042$0$0$1,222,310
97$2,120,266$0$0$1,237,562
98$2,145,535$0$0$1,250,923
99$2,167,365$0$0$1,262,092
100$2,185,216$0$0$1,270,732