Can I retire at age 53 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$41,868$41,495$41,131$40,776$40,429$40,208
2 years$20,727$20,341$19,966$19,604$19,252$19,029
3 years$13,680$13,293$12,920$12,560$12,214$11,996
4 years$10,158$9,772$9,402$9,049$8,711$8,500
5 years$8,045$7,661$7,296$6,950$6,622$6,418
6 years$6,637$6,256$5,897$5,558$5,240$5,043
7 years$5,632$5,254$4,900$4,570$4,261$4,072
8 years$4,878$4,503$4,156$3,834$3,535$3,354
9 years$4,292$3,921$3,579$3,265$2,977$2,803
10 years$3,824$3,456$3,121$2,815$2,537$2,370
11 years$3,441$3,077$2,747$2,450$2,182$2,022
12 years$3,122$2,762$2,438$2,149$1,891$1,738
13 years$2,852$2,496$2,178$1,897$1,649$1,503
14 years$2,621$2,268$1,957$1,684$1,445$1,307
15 years$2,421$2,072$1,767$1,502$1,272$1,141
16 years$2,246$1,901$1,602$1,345$1,125$1,000
17 years$2,092$1,751$1,458$1,208$997$878
18 years$1,955$1,618$1,331$1,089$887$774
19 years$1,833$1,500$1,218$984$790$684
20 years$1,723$1,393$1,118$891$706$605
21 years$1,624$1,298$1,028$809$632$536
22 years$1,534$1,212$948$735$566$476
23 years$1,451$1,133$875$670$508$423
24 years$1,376$1,062$809$611$457$377
25 years$1,307$996$750$558$411$336
26 years$1,243$936$695$510$370$299
27 years$1,185$881$646$467$334$267
28 years$1,130$830$600$428$301$239
29 years$1,079$783$559$392$272$213
30 years$1,032$740$520$360$246$191
31 years$988$699$485$331$222$171
32 years$947$662$453$304$201$153
33 years$908$627$423$279$182$137
34 years$872$594$395$257$165$122
35 years$837$563$369$237$149$110
36 years$805$535$345$218$135$98
37 years$775$508$323$201$122$88
38 years$746$483$303$185$111$79
39 years$719$459$284$171$101$71
40 years$693$437$266$157$91$64
41 years$669$416$249$145$83$57
42 years$645$396$234$134$75$51
43 years$623$377$219$124$68$46
44 years$602$360$206$114$62$41
45 years$582$343$193$105$56$37
46 years$563$327$182$97$51$33
47 years$545$312$171$90$46$30
48 years$528$298$160$83$42$27
49 years$511$285$151$77$38$24
50 years$495$272$142$71$35$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $507,000, adding $4,566 every year, while hoping to spend $25,144 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: 67/20/13 Blend
52$507,000$507,000$507,000$507,000
53$563,424$536,553$528,694$599,211
54$594,140$536,091$519,653$623,174
55$627,147$534,764$509,465$645,967
56$662,651$532,502$498,067$670,246
57$700,879$529,233$485,391$696,157
58$742,082$524,879$471,365$723,857
59$786,534$519,357$455,915$753,522
60$834,536$512,581$438,964$785,346
61$886,419$504,458$420,429$819,543
62$942,547$494,890$400,227$856,349
63$1,003,320$483,772$378,267$896,026
64$1,069,178$470,996$354,459$938,864
65$1,140,604$456,445$328,703$985,183
66$1,218,130$439,996$300,899$1,035,335
67$1,302,341$421,517$270,941$1,089,710
68$1,393,881$400,872$238,718$1,148,741
69$1,493,456$377,915$204,115$1,212,903
70$1,601,847$352,491$167,011$1,282,724
71$1,719,909$324,437$127,280$1,358,784
72$1,848,586$293,580$84,790$1,441,727
73$1,988,915$259,739$39,403$1,532,261
74$2,142,038$222,720$0$1,631,171
75$2,309,213$182,320$0$1,740,574
76$2,491,824$138,325$0$1,866,089
77$2,691,393$90,506$0$2,003,320
78$2,909,599$38,624$0$2,153,456
79$3,148,287$0$0$2,317,807
80$3,409,493$0$0$2,501,686
81$3,695,453$0$0$2,712,328
82$4,008,635$0$0$2,943,054
83$4,351,753$0$0$3,195,866
84$4,727,797$0$0$3,472,972
85$5,140,061$0$0$3,776,804
86$5,592,172$0$0$4,110,039
87$6,088,125$0$0$4,475,626
88$6,632,320$0$0$4,876,813
89$7,229,604$0$0$5,317,179
90$7,885,315$0$0$5,800,664
91$8,605,336$0$0$6,331,610
92$9,396,143$0$0$6,914,800
93$10,264,874$0$0$7,555,503
94$11,219,391$0$0$8,259,522
95$12,268,356$0$0$9,033,252
96$13,421,308$0$0$9,883,737
97$14,688,762$0$0$10,818,737
98$16,082,299$0$0$11,846,804
99$17,614,677$0$0$12,977,357
100$19,299,956$0$0$14,220,775