Can I retire at age 53 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$51,199$50,743$50,298$49,864$49,440$49,211
2 years$25,346$24,874$24,417$23,973$23,543$23,312
3 years$16,730$16,255$15,799$15,360$14,936$14,710
4 years$12,422$11,949$11,498$11,066$10,653$10,433
5 years$9,838$9,369$8,923$8,500$8,098$7,886
6 years$8,116$7,650$7,211$6,797$6,408$6,203
7 years$6,887$6,425$5,992$5,588$5,211$5,015
8 years$5,965$5,507$5,082$4,688$4,323$4,134
9 years$5,249$4,795$4,377$3,993$3,641$3,460
10 years$4,676$4,226$3,816$3,442$3,102$2,929
11 years$4,207$3,763$3,360$2,996$2,668$2,502
12 years$3,817$3,377$2,982$2,628$2,312$2,154
13 years$3,488$3,052$2,664$2,320$2,016$1,865
14 years$3,205$2,774$2,393$2,059$1,767$1,623
15 years$2,961$2,534$2,161$1,836$1,556$1,419
16 years$2,747$2,325$1,959$1,644$1,375$1,245
17 years$2,558$2,141$1,783$1,477$1,219$1,096
18 years$2,391$1,979$1,627$1,331$1,084$967
19 years$2,242$1,834$1,490$1,203$966$855
20 years$2,107$1,704$1,367$1,090$863$758
21 years$1,986$1,587$1,258$989$772$673
22 years$1,875$1,482$1,159$899$692$598
23 years$1,775$1,386$1,070$819$622$533
24 years$1,683$1,298$990$747$559$475
25 years$1,598$1,218$917$682$503$424
26 years$1,521$1,145$850$624$453$378
27 years$1,449$1,078$790$571$408$338
28 years$1,382$1,016$734$523$368$303
29 years$1,320$958$683$480$333$271
30 years$1,262$905$636$440$301$243
31 years$1,208$855$593$404$272$217
32 years$1,158$809$553$372$246$195
33 years$1,110$766$517$342$222$175
34 years$1,066$726$483$314$201$157
35 years$1,024$689$451$289$182$141
36 years$985$654$422$267$165$126
37 years$948$621$395$246$150$113
38 years$912$590$370$226$136$102
39 years$879$561$347$209$123$92
40 years$848$534$325$192$112$82
41 years$818$508$305$178$101$74
42 years$789$484$286$164$92$66
43 years$762$461$268$151$83$60
44 years$737$440$252$140$76$54
45 years$712$419$236$129$69$48
46 years$689$400$222$119$62$43
47 years$667$382$209$110$57$39
48 years$645$364$196$102$51$35
49 years$625$348$184$94$47$32
50 years$605$332$173$87$42$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $620,000, adding $5,220 every year, while hoping to spend $38,587 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: 34/48/18 Blend
52$620,000$620,000$620,000$620,000
53$688,624$655,764$646,154$708,063
54$717,808$646,841$626,744$713,876
55$748,675$636,186$605,391$716,187
56$781,356$623,676$581,988$717,865
57$815,995$609,176$556,425$718,875
58$852,747$592,547$528,586$719,185
59$891,784$573,639$498,351$718,760
60$933,293$552,294$465,592$717,568
61$977,478$528,345$430,178$715,576
62$1,024,563$501,616$391,972$712,755
63$1,074,793$471,920$350,827$709,075
64$1,128,437$439,059$306,595$704,510
65$1,185,789$402,825$259,117$699,034
66$1,247,172$362,995$208,230$692,629
67$1,312,939$319,338$153,762$685,276
68$1,383,479$271,606$95,533$676,964
69$1,459,218$219,539$33,358$667,687
70$1,540,623$162,861$0$657,444
71$1,628,208$101,282$0$652,582
72$1,722,534$34,494$0$654,028
73$1,824,222$0$0$655,438
74$1,933,950$0$0$676,874
75$2,052,466$0$0$719,776
76$2,180,590$0$0$766,231
77$2,319,225$0$0$816,574
78$2,469,360$0$0$871,176
79$2,632,087$0$0$930,445
80$2,808,604$0$0$994,826
81$3,000,229$0$0$1,064,813
82$3,208,412$0$0$1,140,946
83$3,434,748$0$0$1,223,823
84$3,680,991$0$0$1,314,097
85$3,949,072$0$0$1,412,491
86$4,241,114$0$0$1,519,798
87$4,559,455$0$0$1,636,893
88$4,906,669$0$0$1,764,736
89$5,285,586$0$0$1,904,387
90$5,699,323$0$0$2,057,012
91$6,151,311$0$0$2,223,893
92$6,645,329$0$0$2,406,444
93$7,185,533$0$0$2,606,219
94$7,776,503$0$0$2,824,933
95$8,423,280$0$0$3,064,471
96$9,131,416$0$0$3,326,912
97$9,907,025$0$0$3,614,542
98$10,756,837$0$0$3,929,881
99$11,688,269$0$0$4,275,704
100$12,709,485$0$0$4,655,068