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%17.5%
1 years$41,702$41,331$40,969$40,615$40,269$39,043
2 years$20,645$20,260$19,888$19,526$19,176$17,951
3 years$13,626$13,240$12,869$12,511$12,166$10,981
4 years$10,118$9,733$9,365$9,013$8,677$7,540
5 years$8,013$7,631$7,268$6,923$6,596$5,511
6 years$6,611$6,231$5,873$5,536$5,219$4,187
7 years$5,609$5,233$4,881$4,552$4,245$3,266
8 years$4,859$4,486$4,139$3,818$3,521$2,595
9 years$4,275$3,905$3,565$3,252$2,965$2,090
10 years$3,809$3,442$3,108$2,804$2,527$1,701
11 years$3,427$3,065$2,736$2,440$2,173$1,396
12 years$3,109$2,751$2,428$2,140$1,883$1,153
13 years$2,841$2,486$2,170$1,889$1,642$957
14 years$2,611$2,260$1,949$1,677$1,439$798
15 years$2,411$2,064$1,760$1,496$1,267$668
16 years$2,237$1,894$1,596$1,339$1,120$560
17 years$2,084$1,744$1,452$1,203$993$471
18 years$1,948$1,612$1,326$1,085$883$397
19 years$1,826$1,494$1,214$980$787$335
20 years$1,716$1,388$1,114$888$703$283
21 years$1,617$1,293$1,024$805$629$239
22 years$1,528$1,207$944$732$564$203
23 years$1,446$1,129$872$667$506$172
24 years$1,371$1,058$806$608$455$145
25 years$1,302$992$747$556$409$123
26 years$1,239$933$693$508$369$105
27 years$1,180$878$643$465$333$89
28 years$1,126$827$598$426$300$76
29 years$1,075$780$556$391$271$64
30 years$1,028$737$518$359$245$55
31 years$984$697$483$329$221$46
32 years$943$659$451$303$200$39
33 years$904$624$421$278$181$34
34 years$868$592$393$256$164$29
35 years$834$561$368$236$149$24
36 years$802$533$344$217$135$21
37 years$772$506$322$200$122$18
38 years$743$481$301$184$111$15
39 years$716$457$282$170$100$13
40 years$690$435$265$157$91$11
41 years$666$414$248$145$83$9
42 years$643$394$233$133$75$8
43 years$621$376$218$123$68$7
44 years$600$358$205$114$62$6
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$3
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 $3,382 every year, while hoping to spend $21,581 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: 72/23/5 Blend
52$505,000$505,000$505,000$505,000
53$559,999$533,234$525,406$599,827
54$594,156$536,400$520,045$629,702
55$631,075$538,998$513,781$659,360
56$671,013$540,978$506,562$691,218
57$714,256$542,285$498,330$725,484
58$761,115$542,862$489,030$762,391
59$811,935$542,648$478,598$802,194
60$867,094$541,580$466,973$845,174
61$927,008$539,588$454,087$891,641
62$992,135$536,599$439,871$941,937
63$1,062,977$532,537$424,251$996,439
64$1,140,089$527,320$407,153$1,055,564
65$1,224,081$520,861$388,494$1,119,768
66$1,315,622$513,069$368,194$1,189,559
67$1,415,451$503,844$346,164$1,265,495
68$1,524,380$493,086$322,313$1,348,188
69$1,643,303$480,683$296,547$1,438,320
70$1,773,205$466,522$268,766$1,536,636
71$1,915,168$450,478$238,867$1,643,962
72$2,070,387$432,422$206,740$1,761,208
73$2,240,173$412,218$172,273$1,889,377
74$2,425,974$389,720$135,347$2,029,575
75$2,629,382$364,775$95,840$2,183,023
76$2,852,150$337,220$53,621$2,351,066
77$3,096,209$306,883$8,558$2,535,188
78$3,363,686$273,585$0$2,737,026
79$3,656,924$237,132$0$2,960,493
80$3,978,501$197,322$0$3,206,094
81$4,331,258$153,941$0$3,475,576
82$4,718,326$106,764$0$3,771,367
83$5,143,152$55,552$0$4,096,144
84$5,609,531$52$0$4,452,860
85$6,121,647$0$0$4,844,768
86$6,684,108$0$0$5,290,642
87$7,301,987$0$0$5,780,490
88$7,980,878$0$0$6,318,733
89$8,726,940$0$0$6,910,259
90$9,546,958$0$0$7,560,452
91$10,448,409$0$0$8,275,243
92$11,439,529$0$0$9,061,167
93$12,529,393$0$0$9,925,423
94$13,727,998$0$0$10,875,944
95$15,046,361$0$0$11,921,469
96$16,496,617$0$0$13,071,627
97$18,092,138$0$0$14,337,027
98$19,847,657$0$0$15,729,360
99$21,779,408$0$0$17,261,504
100$23,905,278$0$0$18,947,650