Can I retire at age 53 with 511,000?

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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,198$41,822$41,455$41,097$40,748$40,356
2 years$20,890$20,501$20,124$19,758$19,404$19,009
3 years$13,788$13,398$13,022$12,659$12,311$11,925
4 years$10,238$9,849$9,476$9,120$8,780$8,407
5 years$8,109$7,721$7,354$7,005$6,674$6,315
6 years$6,689$6,305$5,943$5,602$5,281$4,935
7 years$5,676$5,295$4,939$4,606$4,295$3,963
8 years$4,916$4,539$4,188$3,864$3,563$3,245
9 years$4,326$3,952$3,608$3,291$3,001$2,697
10 years$3,854$3,483$3,145$2,837$2,557$2,267
11 years$3,468$3,101$2,769$2,469$2,199$1,922
12 years$3,146$2,783$2,457$2,166$1,906$1,642
13 years$2,874$2,515$2,195$1,912$1,662$1,411
14 years$2,642$2,286$1,973$1,697$1,457$1,219
15 years$2,440$2,089$1,781$1,514$1,282$1,057
16 years$2,264$1,916$1,615$1,355$1,133$919
17 years$2,109$1,765$1,469$1,218$1,005$802
18 years$1,971$1,631$1,341$1,097$894$702
19 years$1,847$1,511$1,228$992$796$616
20 years$1,737$1,404$1,127$898$711$541
21 years$1,637$1,308$1,037$815$637$476
22 years$1,546$1,221$955$741$571$419
23 years$1,463$1,142$882$675$512$370
24 years$1,387$1,070$816$616$460$327
25 years$1,317$1,004$756$562$414$289
26 years$1,253$944$701$514$373$256
27 years$1,194$888$651$470$336$226
28 years$1,139$837$605$431$304$201
29 years$1,088$790$563$395$274$178
30 years$1,040$746$524$363$248$158
31 years$996$705$489$333$224$140
32 years$954$667$456$306$203$124
33 years$915$632$426$282$183$110
34 years$879$599$398$259$166$98
35 years$844$568$372$238$150$87
36 years$812$539$348$220$136$77
37 years$781$512$326$202$123$69
38 years$752$486$305$187$112$61
39 years$725$463$286$172$102$54
40 years$699$440$268$159$92$48
41 years$674$419$251$146$84$43
42 years$651$399$236$135$76$38
43 years$628$380$221$125$69$34
44 years$607$362$208$115$62$30
45 years$587$346$195$106$57$27
46 years$568$330$183$98$51$24
47 years$549$315$172$91$47$21
48 years$532$300$162$84$42$19
49 years$515$287$152$77$39$17
50 years$499$274$143$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $511,000, adding $3,594 every year, while hoping to spend $43,053 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: 59/20/21 Blend
52$511,000$511,000$511,000$511,000
53$566,829$539,746$531,826$596,919
54$578,838$520,386$503,834$598,403
55$590,628$498,634$473,461$595,025
56$602,133$474,327$440,583$590,384
57$613,276$447,295$405,068$584,368
58$623,971$417,354$366,779$576,852
59$634,125$384,312$325,574$567,704
60$643,628$347,966$281,304$556,780
61$652,364$308,102$233,813$543,922
62$660,197$264,491$182,938$528,962
63$666,980$216,894$128,509$511,716
64$672,547$165,057$70,349$491,985
65$676,715$108,713$8,274$469,552
66$679,278$47,578$0$444,184
67$680,009$0$0$428,617
68$678,654$0$0$416,510
69$674,935$0$0$413,312
70$668,538$0$0$408,350
71$659,119$0$0$401,396
72$646,294$0$0$392,203
73$629,639$0$0$380,492
74$608,685$0$0$365,958
75$582,909$0$0$348,261
76$551,738$0$0$327,025
77$514,532$0$0$301,836
78$470,586$0$0$272,233
79$419,120$0$0$237,708
80$359,271$0$0$197,700
81$290,086$0$0$151,587
82$210,511$0$0$98,682
83$119,380$0$0$38,228
84$15,407$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
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