Can I retire at age 53 with 500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$41,290$40,922$40,563$40,213$39,871$39,636
2 years$20,440$20,060$19,691$19,333$18,986$18,749
3 years$13,492$13,109$12,741$12,387$12,046$11,814
4 years$10,018$9,637$9,272$8,924$8,591$8,367
5 years$7,934$7,555$7,196$6,855$6,531$6,314
6 years$6,545$6,169$5,815$5,482$5,168$4,959
7 years$5,554$5,181$4,832$4,507$4,203$4,002
8 years$4,811$4,441$4,098$3,781$3,486$3,294
9 years$4,233$3,867$3,530$3,220$2,936$2,751
10 years$3,771$3,408$3,077$2,776$2,502$2,325
11 years$3,393$3,034$2,709$2,416$2,152$1,983
12 years$3,079$2,723$2,404$2,119$1,864$1,703
13 years$2,813$2,461$2,148$1,871$1,626$1,472
14 years$2,585$2,237$1,930$1,661$1,425$1,279
15 years$2,388$2,044$1,743$1,481$1,255$1,116
16 years$2,215$1,875$1,580$1,326$1,109$977
17 years$2,063$1,727$1,438$1,191$983$858
18 years$1,928$1,596$1,312$1,074$874$755
19 years$1,808$1,479$1,202$970$779$667
20 years$1,699$1,374$1,103$879$696$590
21 years$1,601$1,280$1,014$798$623$522
22 years$1,512$1,195$935$725$558$463
23 years$1,431$1,118$863$660$501$412
24 years$1,357$1,047$798$602$451$366
25 years$1,289$983$739$550$405$326
26 years$1,226$923$686$503$365$290
27 years$1,168$869$637$460$329$259
28 years$1,114$819$592$422$297$231
29 years$1,064$773$551$387$268$206
30 years$1,018$730$513$355$242$184
31 years$974$690$478$326$219$165
32 years$934$653$446$300$198$147
33 years$895$618$417$276$179$132
34 years$860$586$389$254$162$118
35 years$826$556$364$233$147$106
36 years$794$527$341$215$133$95
37 years$764$501$319$198$121$85
38 years$736$476$298$183$110$76
39 years$709$453$280$168$99$68
40 years$684$431$262$155$90$61
41 years$659$410$246$143$82$55
42 years$637$390$231$132$74$49
43 years$615$372$216$122$67$44
44 years$594$355$203$113$61$39
45 years$574$338$191$104$55$35
46 years$555$323$179$96$50$32
47 years$538$308$168$89$46$28
48 years$520$294$158$82$42$26
49 years$504$281$149$76$38$23
50 years$488$268$140$70$34$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $500,000, adding $6,808 every year, while hoping to spend $38,016 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: 71/23/6 Blend
52$500,000$500,000$500,000$500,000
53$558,022$531,522$523,772$596,726
54$574,492$517,118$500,870$608,785
55$591,367$500,734$475,926$616,598
56$608,650$482,233$448,833$624,088
57$626,339$461,470$419,476$631,215
58$644,435$438,291$387,737$637,933
59$662,933$412,533$353,493$644,192
60$681,831$384,026$316,613$649,941
61$701,122$352,587$276,964$655,122
62$720,797$318,024$234,403$659,673
63$740,846$280,135$188,783$663,530
64$761,256$238,706$139,951$666,619
65$782,010$193,508$87,745$668,865
66$803,088$144,304$31,998$670,182
67$824,469$90,840$0$670,482
68$846,123$32,850$0$671,428
69$868,019$0$0$673,455
70$890,119$0$0$681,992
71$912,381$0$0$698,955
72$934,755$0$0$715,991
73$957,185$0$0$733,056
74$979,605$0$0$750,098
75$1,001,943$0$0$767,060
76$1,024,116$0$0$783,877
77$1,046,030$0$0$800,474
78$1,067,578$0$0$816,769
79$1,088,643$0$0$832,666
80$1,109,089$0$0$848,062
81$1,128,768$0$0$862,838
82$1,147,509$0$0$876,861
83$1,165,126$0$0$889,984
84$1,181,408$0$0$902,042
85$1,196,120$0$0$912,850
86$1,209,001$0$0$922,203
87$1,219,757$0$0$929,871
88$1,228,066$0$0$935,600
89$1,233,564$0$0$939,107
90$1,235,850$0$0$940,075
91$1,234,478$0$0$938,155
92$1,228,953$0$0$932,958
93$1,218,723$0$0$924,053
94$1,203,179$0$0$910,962
95$1,181,644$0$0$893,154
96$1,153,369$0$0$870,042
97$1,117,521$0$0$840,975
98$1,073,183$0$0$805,231
99$1,019,335$0$0$762,014
100$954,850$0$0$710,441