Can I retire at age 53 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$41,950$41,576$41,212$40,856$40,509$39,402
2 years$20,767$20,381$20,006$19,642$19,290$18,183
3 years$13,707$13,319$12,945$12,585$12,238$11,165
4 years$10,178$9,791$9,421$9,067$8,728$7,698
5 years$8,061$7,676$7,311$6,964$6,635$5,651
6 years$6,650$6,268$5,908$5,569$5,250$4,312
7 years$5,643$5,264$4,910$4,579$4,270$3,378
8 years$4,888$4,512$4,164$3,841$3,542$2,697
9 years$4,301$3,929$3,586$3,272$2,983$2,183
10 years$3,831$3,463$3,127$2,820$2,542$1,786
11 years$3,447$3,083$2,753$2,454$2,186$1,473
12 years$3,128$2,767$2,443$2,153$1,894$1,223
13 years$2,858$2,501$2,183$1,901$1,652$1,021
14 years$2,626$2,273$1,961$1,687$1,448$856
15 years$2,426$2,076$1,771$1,505$1,275$720
16 years$2,251$1,905$1,605$1,347$1,127$607
17 years$2,096$1,754$1,461$1,211$999$514
18 years$1,959$1,621$1,333$1,091$888$435
19 years$1,837$1,503$1,221$986$792$369
20 years$1,727$1,396$1,120$893$707$314
21 years$1,627$1,301$1,030$810$633$267
22 years$1,537$1,214$950$737$567$228
23 years$1,454$1,135$877$671$509$194
24 years$1,379$1,064$811$612$458$166
25 years$1,310$998$751$559$412$141
26 years$1,246$938$697$511$371$121
27 years$1,187$883$647$468$335$103
28 years$1,132$832$601$429$302$88
29 years$1,081$785$560$393$273$76
30 years$1,034$741$521$361$246$65
31 years$990$701$486$331$223$55
32 years$949$663$453$304$201$47
33 years$910$628$423$280$182$41
34 years$873$595$396$258$165$35
35 years$839$564$370$237$149$30
36 years$807$536$346$218$135$25
37 years$776$509$324$201$123$22
38 years$748$484$303$185$111$19
39 years$720$460$284$171$101$16
40 years$695$438$266$158$92$14
41 years$670$416$250$146$83$12
42 years$647$397$234$134$75$10
43 years$625$378$220$124$68$9
44 years$604$360$206$114$62$7
45 years$584$344$194$106$56$6
46 years$564$328$182$98$51$5
47 years$546$313$171$90$46$5
48 years$529$299$161$83$42$4
49 years$512$285$151$77$38$3
50 years$496$272$142$71$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $508,000, adding $5,018 every year, while hoping to spend $39,094 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: 59/28/13 Blend
52$508,000$508,000$508,000$508,000
53$564,992$538,068$530,194$596,217
54$581,026$522,838$506,360$602,626
55$597,384$505,551$480,417$604,802
56$614,060$486,065$452,253$606,242
57$631,042$464,231$421,752$606,882
58$648,319$439,888$388,791$606,649
59$665,875$412,870$353,243$605,468
60$683,691$382,998$314,973$603,255
61$701,746$350,083$273,844$599,924
62$720,015$313,928$229,708$595,380
63$738,468$274,322$182,415$589,522
64$757,071$231,043$131,805$582,242
65$775,785$183,857$77,714$573,422
66$794,565$132,516$19,967$562,938
67$813,359$76,758$0$550,655
68$832,109$16,307$0$542,208
69$850,749$0$0$534,994
70$869,204$0$0$541,239
71$887,390$0$0$552,310
72$905,210$0$0$563,120
73$922,559$0$0$573,598
74$939,314$0$0$583,667
75$955,343$0$0$593,236
76$970,493$0$0$602,207
77$984,597$0$0$610,470
78$997,464$0$0$617,901
79$1,008,887$0$0$624,363
80$1,018,629$0$0$629,702
81$1,026,431$0$0$633,747
82$1,032,001$0$0$636,310
83$1,035,016$0$0$637,178
84$1,035,119$0$0$636,118
85$1,031,909$0$0$632,869
86$1,024,946$0$0$627,143
87$1,013,737$0$0$618,619
88$997,739$0$0$606,941
89$976,348$0$0$591,718
90$948,895$0$0$572,511
91$914,640$0$0$548,840
92$872,764$0$0$520,169
93$822,358$0$0$485,906
94$762,419$0$0$445,399
95$691,836$0$0$397,922
96$609,381$0$0$342,677
97$513,694$0$0$278,777
98$403,276$0$0$205,246
99$276,466$0$0$121,003
100$131,432$0$0$24,854