Can I retire at age 53 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$41,372$41,004$40,644$40,293$39,950$38,812
2 years$20,481$20,100$19,730$19,372$19,024$17,886
3 years$13,519$13,135$12,767$12,412$12,070$10,967
4 years$10,038$9,656$9,291$8,942$8,608$7,550
5 years$7,950$7,570$7,210$6,868$6,544$5,533
6 years$6,559$6,182$5,827$5,493$5,178$4,216
7 years$5,565$5,191$4,842$4,516$4,211$3,297
8 years$4,820$4,450$4,107$3,788$3,493$2,627
9 years$4,241$3,875$3,537$3,227$2,942$2,123
10 years$3,778$3,415$3,084$2,781$2,507$1,733
11 years$3,400$3,040$2,715$2,421$2,156$1,427
12 years$3,085$2,729$2,409$2,123$1,868$1,182
13 years$2,818$2,466$2,153$1,875$1,629$985
14 years$2,590$2,242$1,934$1,664$1,428$824
15 years$2,392$2,048$1,746$1,484$1,257$692
16 years$2,220$1,879$1,583$1,329$1,111$582
17 years$2,067$1,730$1,441$1,194$985$491
18 years$1,932$1,599$1,315$1,076$876$416
19 years$1,811$1,482$1,204$972$781$352
20 years$1,703$1,377$1,105$880$698$298
21 years$1,605$1,283$1,016$799$624$253
22 years$1,516$1,197$937$727$560$215
23 years$1,434$1,120$865$662$502$183
24 years$1,360$1,049$800$604$451$156
25 years$1,292$985$741$551$406$133
26 years$1,229$925$687$504$366$113
27 years$1,171$871$638$461$330$97
28 years$1,117$821$593$423$298$82
29 years$1,067$774$552$388$269$70
30 years$1,020$731$514$356$243$60
31 years$976$691$479$327$220$51
32 years$935$654$447$300$199$44
33 years$897$619$418$276$180$37
34 years$861$587$390$254$163$32
35 years$828$557$365$234$147$27
36 years$796$528$341$215$134$23
37 years$766$502$319$198$121$20
38 years$737$477$299$183$110$17
39 years$710$454$280$169$100$14
40 years$685$432$263$156$90$12
41 years$661$411$246$144$82$11
42 years$638$391$231$132$74$9
43 years$616$373$217$122$67$8
44 years$595$355$203$113$61$7
45 years$575$339$191$104$56$6
46 years$557$323$179$96$50$5
47 years$539$308$169$89$46$4
48 years$521$294$158$82$42$4
49 years$505$281$149$76$38$3
50 years$489$269$140$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $501,000, adding $6,004 every year, while hoping to spend $32,425 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: 80/13/7 Blend
52$501,000$501,000$501,000$501,000
53$558,295$531,742$523,977$602,054
54$580,741$523,298$507,030$623,141
55$604,390$513,352$488,429$641,386
56$629,330$501,799$468,083$660,427
57$655,658$488,523$445,900$680,326
58$683,478$473,404$421,781$701,154
59$712,906$456,314$395,624$722,986
60$744,067$437,117$367,321$745,906
61$777,097$415,671$336,762$770,008
62$812,145$391,824$303,828$795,394
63$849,376$365,415$268,398$822,178
64$888,967$336,276$230,345$850,485
65$931,116$304,227$189,534$880,453
66$976,034$269,078$145,829$912,237
67$1,023,958$230,631$99,082$946,003
68$1,075,143$188,674$49,143$981,941
69$1,129,872$142,983$0$1,020,255
70$1,188,452$93,323$0$1,061,484
71$1,251,223$39,444$0$1,109,507
72$1,318,555$0$0$1,160,942
73$1,390,855$0$0$1,218,815
74$1,468,572$0$0$1,287,097
75$1,552,194$0$0$1,360,580
76$1,642,262$0$0$1,439,737
77$1,739,366$0$0$1,525,089
78$1,844,158$0$0$1,617,211
79$1,957,350$0$0$1,716,731
80$2,079,729$0$0$1,824,340
81$2,212,156$0$0$1,940,799
82$2,355,579$0$0$2,066,944
83$2,511,043$0$0$2,203,694
84$2,679,692$0$0$2,352,059
85$2,862,787$0$0$2,513,150
86$3,061,716$0$0$2,688,189
87$3,278,005$0$0$2,878,522
88$3,513,330$0$0$3,085,626
89$3,769,539$0$0$3,311,131
90$4,048,663$0$0$3,556,826
91$4,352,939$0$0$3,824,682
92$4,684,828$0$0$4,116,870
93$5,047,037$0$0$4,435,776
94$5,442,549$0$0$4,784,028
95$5,874,647$0$0$5,164,520
96$6,346,942$0$0$5,580,436
97$6,863,413$0$0$6,035,284
98$7,428,440$0$0$6,532,924
99$8,046,847$0$0$7,077,608
100$8,723,943$0$0$7,674,016