Can I retire at age 53 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$41,702$41,331$40,969$40,615$40,269$39,012
2 years$20,645$20,260$19,888$19,526$19,176$17,920
3 years$13,626$13,240$12,869$12,511$12,166$10,951
4 years$10,118$9,733$9,365$9,013$8,677$7,513
5 years$8,013$7,631$7,268$6,923$6,596$5,485
6 years$6,611$6,231$5,873$5,536$5,219$4,163
7 years$5,609$5,233$4,881$4,552$4,245$3,243
8 years$4,859$4,486$4,139$3,818$3,521$2,574
9 years$4,275$3,905$3,565$3,252$2,965$2,070
10 years$3,809$3,442$3,108$2,804$2,527$1,683
11 years$3,427$3,065$2,736$2,440$2,173$1,380
12 years$3,109$2,751$2,428$2,140$1,883$1,138
13 years$2,841$2,486$2,170$1,889$1,642$943
14 years$2,611$2,260$1,949$1,677$1,439$785
15 years$2,411$2,064$1,760$1,496$1,267$656
16 years$2,237$1,894$1,596$1,339$1,120$550
17 years$2,084$1,744$1,452$1,203$993$461
18 years$1,948$1,612$1,326$1,085$883$388
19 years$1,826$1,494$1,214$980$787$327
20 years$1,716$1,388$1,114$888$703$276
21 years$1,617$1,293$1,024$805$629$233
22 years$1,528$1,207$944$732$564$197
23 years$1,446$1,129$872$667$506$167
24 years$1,371$1,058$806$608$455$141
25 years$1,302$992$747$556$409$119
26 years$1,239$933$693$508$369$101
27 years$1,180$878$643$465$333$86
28 years$1,126$827$598$426$300$73
29 years$1,075$780$556$391$271$62
30 years$1,028$737$518$359$245$52
31 years$984$697$483$329$221$44
32 years$943$659$451$303$200$38
33 years$904$624$421$278$181$32
34 years$868$592$393$256$164$27
35 years$834$561$368$236$149$23
36 years$802$533$344$217$135$20
37 years$772$506$322$200$122$17
38 years$743$481$301$184$111$14
39 years$716$457$282$170$100$12
40 years$690$435$265$157$91$10
41 years$666$414$248$145$83$9
42 years$643$394$233$133$75$7
43 years$621$376$218$123$68$6
44 years$600$358$205$114$62$5
45 years$580$341$193$105$56$5
46 years$561$326$181$97$51$4
47 years$543$311$170$90$46$3
48 years$526$297$160$83$42$3
49 years$509$283$150$77$38$2
50 years$493$271$141$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $505,000, adding $6,307 every year, while hoping to spend $29,094 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: 54/25/21 Blend
52$505,000$505,000$505,000$505,000
53$563,016$536,251$528,423$589,874
54$589,487$531,571$515,170$604,309
55$617,684$525,687$500,497$616,433
56$647,751$518,509$484,327$629,008
57$679,848$509,942$466,577$642,086
58$714,148$499,885$447,163$655,726
59$750,843$488,231$425,995$669,994
60$790,142$474,867$402,979$684,965
61$832,274$459,674$378,017$700,723
62$877,493$442,525$351,008$717,362
63$926,075$423,286$321,844$734,990
64$978,323$401,815$290,414$753,725
65$1,034,570$377,962$256,601$773,702
66$1,095,183$351,570$220,284$795,070
67$1,160,564$322,469$181,336$817,997
68$1,231,155$290,482$139,623$842,671
69$1,307,440$255,424$95,008$869,302
70$1,389,954$217,094$47,346$898,123
71$1,479,282$175,285$0$929,397
72$1,576,070$129,775$0$964,203
73$1,681,026$80,331$0$1,013,451
74$1,794,930$26,707$0$1,066,919
75$1,918,639$0$0$1,125,049
76$2,053,096$0$0$1,196,957
77$2,199,338$0$0$1,283,202
78$2,358,508$0$0$1,377,115
79$2,531,859$0$0$1,479,442
80$2,720,776$0$0$1,591,005
81$2,926,777$0$0$1,712,708
82$3,151,539$0$0$1,845,547
83$3,396,902$0$0$1,990,616
84$3,664,895$0$0$2,149,123
85$3,957,751$0$0$2,322,395
86$4,277,928$0$0$2,511,893
87$4,628,132$0$0$2,719,227
88$5,011,344$0$0$2,946,170
89$5,430,844$0$0$3,194,673
90$5,890,246$0$0$3,466,885
91$6,393,529$0$0$3,765,173
92$6,945,075$0$0$4,092,143
93$7,549,710$0$0$4,450,666
94$8,212,749$0$0$4,843,903
95$8,940,046$0$0$5,275,338
96$9,738,050$0$0$5,748,806
97$10,613,864$0$0$6,268,533
98$11,575,310$0$0$6,839,172
99$12,631,006$0$0$7,465,850
100$13,790,447$0$0$8,154,216