Can I retire at age 53 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$42,115$41,740$41,374$41,017$40,668$39,945
2 years$20,849$20,461$20,085$19,720$19,366$18,640
3 years$13,761$13,371$12,996$12,635$12,286$11,580
4 years$10,218$9,829$9,458$9,103$8,763$8,082
5 years$8,093$7,706$7,340$6,992$6,661$6,007
6 years$6,676$6,293$5,932$5,591$5,271$4,645
7 years$5,665$5,285$4,929$4,597$4,287$3,688
8 years$4,907$4,530$4,180$3,856$3,556$2,986
9 years$4,317$3,944$3,600$3,285$2,995$2,452
10 years$3,846$3,477$3,139$2,831$2,552$2,036
11 years$3,461$3,095$2,764$2,464$2,195$1,705
12 years$3,140$2,778$2,453$2,161$1,902$1,438
13 years$2,869$2,510$2,191$1,908$1,658$1,220
14 years$2,637$2,282$1,969$1,694$1,454$1,039
15 years$2,435$2,085$1,778$1,511$1,280$889
16 years$2,259$1,913$1,612$1,353$1,131$763
17 years$2,104$1,761$1,466$1,215$1,003$657
18 years$1,967$1,628$1,339$1,095$892$566
19 years$1,844$1,508$1,226$990$795$489
20 years$1,733$1,402$1,125$896$710$424
21 years$1,633$1,306$1,035$813$635$367
22 years$1,543$1,219$953$740$570$319
23 years$1,460$1,140$880$674$511$277
24 years$1,384$1,068$814$614$460$241
25 years$1,315$1,002$754$561$414$210
26 years$1,251$942$699$513$372$182
27 years$1,192$887$649$470$336$159
28 years$1,137$835$604$430$303$139
29 years$1,086$788$562$395$274$121
30 years$1,038$744$523$362$247$106
31 years$994$704$488$333$224$92
32 years$952$666$455$306$202$80
33 years$913$630$425$281$183$70
34 years$877$598$397$259$166$61
35 years$842$567$371$238$150$54
36 years$810$538$347$219$136$47
37 years$779$511$325$202$123$41
38 years$751$486$304$186$112$36
39 years$723$462$285$172$101$31
40 years$697$439$267$158$92$27
41 years$673$418$251$146$83$24
42 years$649$398$235$135$76$21
43 years$627$379$221$124$69$18
44 years$606$362$207$115$62$16
45 years$586$345$194$106$57$14
46 years$567$329$183$98$51$12
47 years$548$314$172$91$47$11
48 years$531$300$161$84$42$9
49 years$514$286$152$77$38$8
50 years$498$273$143$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $510,000, adding $6,853 every year, while hoping to spend $32,846 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: 37/46/17 Blend
52$510,000$510,000$510,000$510,000
53$569,089$542,059$534,154$586,987
54$592,188$533,672$517,100$592,134
55$616,542$523,773$498,374$594,071
56$642,246$512,254$477,885$595,467
57$669,399$498,998$455,539$596,294
58$698,114$483,886$431,236$596,519
59$728,511$466,786$404,872$596,113
60$760,724$447,563$376,340$595,043
61$794,896$426,072$345,526$593,280
62$831,186$402,160$312,311$590,793
63$869,767$375,666$276,574$587,553
64$910,828$346,418$238,183$583,533
65$954,576$314,236$197,006$578,706
66$1,001,237$278,928$152,900$573,048
67$1,051,061$240,293$105,720$566,536
68$1,104,320$198,118$55,312$559,152
69$1,161,311$152,176$1,516$550,882
70$1,222,362$102,231$0$541,713
71$1,287,833$48,030$0$541,781
72$1,358,116$0$0$541,898
73$1,433,645$0$0$547,242
74$1,514,893$0$0$579,195
75$1,602,381$0$0$613,655
76$1,696,682$0$0$650,855
77$1,798,423$0$0$691,049
78$1,908,295$0$0$734,517
79$2,027,057$0$0$781,569
80$2,155,542$0$0$832,542
81$2,294,667$0$0$887,808
82$2,445,439$0$0$947,778
83$2,608,967$0$0$1,012,901
84$2,786,469$0$0$1,083,673
85$2,979,284$0$0$1,160,638
86$3,188,888$0$0$1,244,397
87$3,416,900$0$0$1,335,608
88$3,665,107$0$0$1,434,997
89$3,935,471$0$0$1,543,364
90$4,230,153$0$0$1,661,587
91$4,551,529$0$0$1,790,633
92$4,902,218$0$0$1,931,569
93$5,285,100$0$0$2,085,567
94$5,703,346$0$0$2,253,917
95$6,160,447$0$0$2,438,041
96$6,660,246$0$0$2,639,504
97$7,206,974$0$0$2,860,028
98$7,805,292$0$0$3,101,512
99$8,460,329$0$0$3,366,045
100$9,177,734$0$0$3,655,927