Can I retire at age 53 with 505,000?

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 $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%18.2%
1 years$41,702$41,331$40,969$40,615$40,269$38,934
2 years$20,645$20,260$19,888$19,526$19,176$17,843
3 years$13,626$13,240$12,869$12,511$12,166$10,878
4 years$10,118$9,733$9,365$9,013$8,677$7,444
5 years$8,013$7,631$7,268$6,923$6,596$5,421
6 years$6,611$6,231$5,873$5,536$5,219$4,103
7 years$5,609$5,233$4,881$4,552$4,245$3,187
8 years$4,859$4,486$4,139$3,818$3,521$2,522
9 years$4,275$3,905$3,565$3,252$2,965$2,022
10 years$3,809$3,442$3,108$2,804$2,527$1,639
11 years$3,427$3,065$2,736$2,440$2,173$1,339
12 years$3,109$2,751$2,428$2,140$1,883$1,101
13 years$2,841$2,486$2,170$1,889$1,642$910
14 years$2,611$2,260$1,949$1,677$1,439$755
15 years$2,411$2,064$1,760$1,496$1,267$628
16 years$2,237$1,894$1,596$1,339$1,120$524
17 years$2,084$1,744$1,452$1,203$993$439
18 years$1,948$1,612$1,326$1,085$883$367
19 years$1,826$1,494$1,214$980$787$308
20 years$1,716$1,388$1,114$888$703$259
21 years$1,617$1,293$1,024$805$629$218
22 years$1,528$1,207$944$732$564$184
23 years$1,446$1,129$872$667$506$155
24 years$1,371$1,058$806$608$455$130
25 years$1,302$992$747$556$409$110
26 years$1,239$933$693$508$369$93
27 years$1,180$878$643$465$333$78
28 years$1,126$827$598$426$300$66
29 years$1,075$780$556$391$271$56
30 years$1,028$737$518$359$245$47
31 years$984$697$483$329$221$40
32 years$943$659$451$303$200$34
33 years$904$624$421$278$181$29
34 years$868$592$393$256$164$24
35 years$834$561$368$236$149$20
36 years$802$533$344$217$135$17
37 years$772$506$322$200$122$15
38 years$743$481$301$184$111$12
39 years$716$457$282$170$100$10
40 years$690$435$265$157$91$9
41 years$666$414$248$145$83$7
42 years$643$394$233$133$75$6
43 years$621$376$218$123$68$5
44 years$600$358$205$114$62$5
45 years$580$341$193$105$56$4
46 years$561$326$181$97$51$3
47 years$543$311$170$90$46$3
48 years$526$297$160$83$42$2
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 $3,854 every year, while hoping to spend $37,640 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: 51/27/22 Blend
52$505,000$505,000$505,000$505,000
53$560,485$533,720$525,893$585,453
54$577,606$519,824$503,462$589,236
55$595,212$503,985$479,017$589,179
56$613,312$486,069$452,453$588,332
57$631,916$465,933$423,656$586,634
58$651,033$443,425$392,511$584,023
59$670,672$418,386$358,893$580,429
60$690,841$390,648$322,677$575,780
61$711,548$360,030$283,727$570,000
62$732,799$326,345$241,906$563,008
63$754,601$289,393$197,066$554,718
64$776,960$248,962$149,057$545,037
65$799,878$204,830$97,719$533,871
66$823,360$156,761$42,887$521,115
67$847,407$104,506$0$506,662
68$872,018$47,803$0$494,064
69$897,193$0$0$490,512
70$922,926$0$0$489,893
71$949,212$0$0$503,758
72$976,042$0$0$517,901
73$1,003,404$0$0$532,314
74$1,031,283$0$0$546,986
75$1,059,659$0$0$561,907
76$1,088,511$0$0$577,062
77$1,117,809$0$0$592,435
78$1,147,521$0$0$608,006
79$1,177,609$0$0$623,753
80$1,208,026$0$0$639,648
81$1,238,720$0$0$655,661
82$1,269,630$0$0$671,757
83$1,300,687$0$0$687,895
84$1,331,810$0$0$704,029
85$1,362,910$0$0$720,106
86$1,393,882$0$0$736,068
87$1,424,609$0$0$751,847
88$1,454,961$0$0$767,368
89$1,484,787$0$0$782,544
90$1,513,920$0$0$797,282
91$1,542,172$0$0$811,472
92$1,569,331$0$0$824,996
93$1,595,161$0$0$837,717
94$1,619,397$0$0$849,486
95$1,641,743$0$0$860,134
96$1,661,869$0$0$869,475
97$1,679,407$0$0$877,299
98$1,693,947$0$0$883,374
99$1,705,032$0$0$887,442
100$1,712,154$0$0$889,214