Can I retire at age 53 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$41,785$41,413$41,050$40,695$40,349$39,779
2 years$20,686$20,300$19,927$19,565$19,214$18,641
3 years$13,653$13,267$12,894$12,535$12,190$11,631
4 years$10,138$9,752$9,384$9,031$8,694$8,154
5 years$8,029$7,646$7,282$6,937$6,609$6,090
6 years$6,624$6,243$5,885$5,547$5,230$4,732
7 years$5,621$5,243$4,890$4,561$4,253$3,776
8 years$4,868$4,494$4,147$3,826$3,528$3,073
9 years$4,284$3,913$3,572$3,259$2,971$2,537
10 years$3,816$3,449$3,114$2,809$2,532$2,118
11 years$3,434$3,071$2,742$2,445$2,177$1,784
12 years$3,115$2,756$2,433$2,144$1,887$1,513
13 years$2,846$2,491$2,174$1,893$1,645$1,291
14 years$2,616$2,264$1,953$1,681$1,442$1,107
15 years$2,416$2,068$1,764$1,499$1,270$953
16 years$2,242$1,898$1,599$1,342$1,122$823
17 years$2,088$1,748$1,455$1,206$995$713
18 years$1,951$1,615$1,328$1,087$885$619
19 years$1,829$1,497$1,216$982$789$538
20 years$1,720$1,391$1,116$889$704$469
21 years$1,621$1,295$1,026$807$630$409
22 years$1,531$1,209$946$734$565$358
23 years$1,449$1,131$873$668$507$313
24 years$1,374$1,060$808$610$456$274
25 years$1,305$994$748$557$410$240
26 years$1,241$935$694$509$370$211
27 years$1,182$880$644$466$333$185
28 years$1,128$829$599$427$301$162
29 years$1,077$782$557$391$271$143
30 years$1,030$738$519$359$245$125
31 years$986$698$484$330$222$110
32 years$945$660$452$303$201$97
33 years$906$625$422$279$182$85
34 years$870$593$394$257$164$75
35 years$836$562$368$236$149$66
36 years$804$534$345$218$135$58
37 years$773$507$323$200$122$51
38 years$745$482$302$185$111$45
39 years$717$458$283$170$101$40
40 years$692$436$265$157$91$35
41 years$667$415$249$145$83$31
42 years$644$395$233$134$75$27
43 years$622$376$219$123$68$24
44 years$601$359$205$114$62$21
45 years$581$342$193$105$56$19
46 years$562$326$181$97$51$16
47 years$544$312$170$90$46$14
48 years$527$297$160$83$42$13
49 years$510$284$150$77$38$11
50 years$494$271$141$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $506,000, adding $5,873 every year, while hoping to spend $40,044 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: 75/15/10 Blend
52$506,000$506,000$506,000$506,000
53$563,670$536,852$529,009$604,492
54$578,558$520,551$504,124$615,903
55$593,622$502,110$477,064$622,773
56$608,839$481,380$447,712$629,174
57$624,179$458,207$415,950$635,049
58$639,611$432,425$381,650$640,330
59$655,099$403,860$344,682$644,948
60$670,598$372,329$304,909$648,823
61$686,062$337,636$262,186$651,870
62$701,435$299,575$216,364$653,997
63$716,657$257,930$167,288$655,103
64$731,657$212,469$114,793$655,077
65$746,357$162,951$58,710$653,798
66$760,669$109,119$0$651,135
67$774,493$50,702$0$647,067
68$787,719$0$0$648,007
69$800,222$0$0$649,612
70$811,863$0$0$658,863
71$822,487$0$0$667,261
72$831,920$0$0$674,663
73$839,971$0$0$680,910
74$846,423$0$0$685,823
75$851,038$0$0$689,205
76$853,550$0$0$690,834
77$853,662$0$0$690,466
78$851,047$0$0$687,829
79$845,340$0$0$682,622
80$836,136$0$0$674,510
81$822,988$0$0$663,122
82$805,398$0$0$648,046
83$782,816$0$0$628,826
84$754,631$0$0$604,959
85$720,168$0$0$575,885
86$678,680$0$0$540,986
87$629,340$0$0$499,578
88$571,231$0$0$450,903
89$503,343$0$0$394,126
90$424,557$0$0$328,319
91$333,636$0$0$252,462
92$229,212$0$0$165,422
93$109,776$0$0$65,951
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0