Can I retire at age 53 with 512,000?

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 $512,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$42,280$41,904$41,536$41,178$40,828$39,760
2 years$20,931$20,541$20,163$19,797$19,442$18,373
3 years$13,815$13,424$13,047$12,684$12,335$11,299
4 years$10,258$9,868$9,495$9,138$8,797$7,802
5 years$8,125$7,737$7,368$7,019$6,687$5,736
6 years$6,703$6,318$5,955$5,613$5,292$4,384
7 years$5,687$5,305$4,948$4,615$4,303$3,441
8 years$4,926$4,548$4,197$3,871$3,570$2,751
9 years$4,334$3,960$3,615$3,298$3,007$2,231
10 years$3,861$3,490$3,151$2,842$2,562$1,829
11 years$3,475$3,107$2,774$2,474$2,203$1,511
12 years$3,152$2,789$2,462$2,170$1,909$1,257
13 years$2,880$2,520$2,200$1,916$1,665$1,052
14 years$2,647$2,291$1,977$1,701$1,459$883
15 years$2,445$2,093$1,785$1,517$1,285$745
16 years$2,268$1,920$1,618$1,358$1,136$630
17 years$2,113$1,768$1,472$1,220$1,007$534
18 years$1,975$1,634$1,344$1,100$895$453
19 years$1,851$1,514$1,230$994$798$386
20 years$1,740$1,407$1,129$900$713$329
21 years$1,640$1,311$1,039$817$638$280
22 years$1,549$1,224$957$743$572$239
23 years$1,466$1,144$884$676$513$205
24 years$1,390$1,072$817$617$461$175
25 years$1,320$1,006$757$563$415$150
26 years$1,256$946$702$515$374$128
27 years$1,196$890$652$471$337$110
28 years$1,141$839$606$432$304$94
29 years$1,090$791$564$396$275$81
30 years$1,042$747$525$363$248$69
31 years$998$706$490$334$224$59
32 years$956$668$457$307$203$51
33 years$917$633$427$282$184$44
34 years$880$600$399$260$166$38
35 years$846$569$373$239$151$32
36 years$813$540$349$220$136$28
37 years$782$513$326$203$124$24
38 years$753$487$306$187$112$20
39 years$726$463$286$172$102$18
40 years$700$441$268$159$92$15
41 years$675$420$252$147$84$13
42 years$652$400$236$135$76$11
43 years$630$381$222$125$69$10
44 years$608$363$208$115$63$8
45 years$588$346$195$107$57$7
46 years$569$330$183$98$52$6
47 years$550$315$172$91$47$5
48 years$533$301$162$84$43$4
49 years$516$287$152$78$39$4
50 years$500$274$143$72$35$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $512,000, adding $6,201 every year, while hoping to spend $26,379 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: 37/50/13 Blend
52$512,000$512,000$512,000$512,000
53$570,620$543,484$535,548$589,250
54$600,757$542,048$525,422$601,719
55$633,083$539,657$514,073$612,180
56$667,794$536,237$501,431$622,901
57$705,105$531,709$487,425$633,920
58$745,252$525,989$471,980$645,279
59$788,492$518,987$455,016$657,025
60$835,111$510,610$436,452$669,214
61$885,420$500,758$416,200$681,909
62$939,762$489,324$394,172$695,183
63$998,514$476,197$370,273$709,118
64$1,062,089$461,258$344,404$723,807
65$1,130,944$444,381$316,464$739,357
66$1,205,579$425,434$286,343$755,886
67$1,286,543$404,276$253,931$773,532
68$1,374,443$380,757$219,110$792,447
69$1,469,943$354,722$181,758$812,803
70$1,573,777$326,003$141,746$834,795
71$1,686,750$294,424$98,942$858,641
72$1,809,748$259,801$53,207$884,587
73$1,943,747$221,936$4,393$912,908
74$2,089,820$180,621$0$943,913
75$2,249,148$135,638$0$984,562
76$2,423,032$86,756$0$1,029,708
77$2,612,903$33,728$0$1,079,195
78$2,820,337$0$0$1,133,529
79$3,047,068$0$0$1,206,317
80$3,295,006$0$0$1,306,274
81$3,566,253$0$0$1,415,700
82$3,863,124$0$0$1,535,536
83$4,188,170$0$0$1,666,823
84$4,544,197$0$0$1,810,702
85$4,934,298$0$0$1,968,434
86$5,361,876$0$0$2,141,405
87$5,830,681$0$0$2,331,143
88$6,344,845$0$0$2,539,331
89$6,908,916$0$0$2,767,822
90$7,527,904$0$0$3,018,658
91$8,207,328$0$0$3,294,088
92$8,953,269$0$0$3,596,588
93$9,772,423$0$0$3,928,888
94$10,672,166$0$0$4,293,994
95$11,660,627$0$0$4,695,219
96$12,746,757$0$0$5,136,210
97$13,940,421$0$0$5,620,988
98$15,252,483$0$0$6,153,981
99$16,694,915$0$0$6,740,069
100$18,280,905$0$0$7,384,626