Can I retire at age 53 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,537$41,167$40,806$40,454$40,110$39,774
2 years$20,563$20,180$19,809$19,449$19,100$18,761
3 years$13,572$13,188$12,818$12,461$12,118$11,787
4 years$10,078$9,694$9,328$8,978$8,643$8,322
5 years$7,982$7,601$7,239$6,896$6,570$6,261
6 years$6,585$6,206$5,850$5,514$5,199$4,901
7 years$5,587$5,212$4,861$4,534$4,228$3,942
8 years$4,839$4,468$4,123$3,803$3,507$3,234
9 years$4,258$3,890$3,551$3,240$2,954$2,692
10 years$3,793$3,429$3,096$2,793$2,517$2,266
11 years$3,413$3,053$2,726$2,430$2,164$1,926
12 years$3,097$2,740$2,419$2,132$1,876$1,648
13 years$2,829$2,476$2,161$1,882$1,636$1,419
14 years$2,600$2,251$1,942$1,671$1,434$1,228
15 years$2,402$2,056$1,753$1,490$1,262$1,067
16 years$2,228$1,886$1,589$1,334$1,116$930
17 years$2,076$1,737$1,446$1,199$989$814
18 years$1,940$1,605$1,320$1,080$880$713
19 years$1,819$1,488$1,209$976$784$627
20 years$1,710$1,382$1,109$884$700$552
21 years$1,611$1,288$1,020$802$627$487
22 years$1,522$1,202$940$729$562$430
23 years$1,440$1,124$868$664$504$380
24 years$1,365$1,053$803$606$453$337
25 years$1,297$989$744$553$408$298
26 years$1,234$929$690$506$367$265
27 years$1,175$874$641$463$331$235
28 years$1,121$824$595$424$299$209
29 years$1,071$777$554$389$270$185
30 years$1,024$734$516$357$244$165
31 years$980$694$481$328$220$147
32 years$939$657$449$301$199$130
33 years$901$622$419$277$180$116
34 years$865$589$392$255$163$103
35 years$831$559$366$235$148$92
36 years$799$531$343$216$134$82
37 years$769$504$321$199$122$73
38 years$740$479$300$184$110$65
39 years$713$455$281$169$100$58
40 years$688$433$264$156$91$52
41 years$663$412$247$144$82$46
42 years$640$393$232$133$75$41
43 years$618$374$218$123$68$37
44 years$598$357$204$113$61$33
45 years$578$340$192$105$56$29
46 years$559$324$180$97$51$26
47 years$541$310$169$89$46$23
48 years$523$296$159$83$42$21
49 years$507$282$149$76$38$19
50 years$491$270$141$71$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $503,000, adding $4,839 every year, while hoping to spend $38,954 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: 77/17/6 Blend
52$503,000$503,000$503,000$503,000
53$559,297$532,638$524,842$601,673
54$574,899$517,291$500,977$614,823
55$590,786$499,886$475,008$623,706
56$606,948$480,281$446,822$632,295
57$623,368$458,327$416,302$640,544
58$640,031$433,864$383,327$648,403
59$656,915$406,724$347,769$655,816
60$673,996$376,730$309,496$662,724
61$691,248$343,694$268,368$669,061
62$708,637$307,416$224,240$674,754
63$726,126$267,688$176,961$679,727
64$743,674$224,287$126,371$683,893
65$761,230$176,980$72,307$687,161
66$778,742$125,518$14,595$689,427
67$796,145$69,640$0$690,582
68$813,370$9,070$0$693,513
69$830,336$0$0$696,274
70$846,953$0$0$708,363
71$863,121$0$0$721,757
72$878,727$0$0$734,664
73$893,642$0$0$746,975
74$907,725$0$0$758,568
75$920,817$0$0$769,310
76$932,741$0$0$779,048
77$943,297$0$0$787,615
78$952,266$0$0$794,822
79$959,402$0$0$800,460
80$964,431$0$0$804,298
81$967,048$0$0$806,076
82$966,916$0$0$805,507
83$963,659$0$0$802,272
84$956,861$0$0$796,018
85$946,059$0$0$786,350
86$930,740$0$0$772,835
87$910,337$0$0$754,988
88$884,220$0$0$732,276
89$851,690$0$0$704,106
90$811,978$0$0$669,823
91$764,227$0$0$628,700
92$707,492$0$0$579,936
93$640,728$0$0$522,641
94$562,778$0$0$455,835
95$472,363$0$0$378,430
96$368,069$0$0$289,227
97$248,334$0$0$186,900
98$111,432$0$0$69,983
99$0$0$0$0
100$0$0$0$0