Can I retire at age 53 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$42,611$42,231$41,861$41,499$41,147$40,299
2 years$21,094$20,702$20,321$19,952$19,594$18,744
3 years$13,923$13,529$13,149$12,783$12,431$11,605
4 years$10,338$9,945$9,569$9,210$8,866$8,071
5 years$8,188$7,797$7,426$7,074$6,740$5,977
6 years$6,755$6,367$6,001$5,657$5,333$4,604
7 years$5,732$5,347$4,987$4,651$4,337$3,641
8 years$4,965$4,583$4,229$3,902$3,598$2,936
9 years$4,368$3,991$3,643$3,323$3,030$2,401
10 years$3,891$3,517$3,176$2,865$2,582$1,985
11 years$3,502$3,131$2,796$2,493$2,220$1,655
12 years$3,177$2,811$2,481$2,187$1,924$1,390
13 years$2,903$2,540$2,217$1,931$1,678$1,173
14 years$2,668$2,309$1,992$1,714$1,471$995
15 years$2,464$2,109$1,798$1,528$1,295$847
16 years$2,286$1,935$1,631$1,369$1,145$723
17 years$2,129$1,782$1,484$1,230$1,015$619
18 years$1,990$1,647$1,354$1,108$902$531
19 years$1,866$1,526$1,240$1,001$804$457
20 years$1,754$1,418$1,138$907$718$393
21 years$1,653$1,321$1,047$823$643$339
22 years$1,561$1,233$965$748$576$293
23 years$1,477$1,153$891$682$517$253
24 years$1,401$1,081$824$622$465$219
25 years$1,330$1,014$763$568$418$189
26 years$1,266$953$708$519$377$164
27 years$1,206$897$657$475$340$142
28 years$1,150$845$611$435$307$123
29 years$1,098$797$568$399$277$107
30 years$1,050$753$529$366$250$93
31 years$1,005$712$494$336$226$80
32 years$963$674$461$309$205$70
33 years$924$638$430$284$185$61
34 years$887$605$402$262$168$53
35 years$852$573$376$241$152$46
36 years$820$544$351$222$138$40
37 years$789$517$329$204$125$35
38 years$759$491$308$188$113$30
39 years$732$467$289$174$102$26
40 years$705$444$270$160$93$23
41 years$681$423$254$148$84$20
42 years$657$403$238$136$77$17
43 years$634$384$223$126$69$15
44 years$613$366$210$116$63$13
45 years$593$349$197$107$57$11
46 years$573$333$185$99$52$10
47 years$555$318$174$92$47$8
48 years$537$303$163$85$43$7
49 years$520$290$153$78$39$6
50 years$504$277$144$72$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $516,000, adding $6,577 every year, while hoping to spend $30,329 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: 82/5/13 Blend
52$516,000$516,000$516,000$516,000
53$575,416$548,068$540,070$620,663
54$601,839$542,654$525,893$645,883
55$629,940$535,957$510,224$668,912
56$659,859$527,884$492,981$693,303
57$691,748$518,334$474,080$719,176
58$725,775$507,201$453,430$746,666
59$762,121$494,371$430,937$775,919
60$800,987$479,725$406,503$807,097
61$842,594$463,138$380,027$840,378
62$887,181$444,474$351,401$875,958
63$935,014$423,594$320,513$914,055
64$986,382$400,346$287,246$954,905
65$1,041,603$374,573$251,479$998,773
66$1,101,027$346,108$213,084$1,045,949
67$1,165,037$314,773$171,928$1,096,752
68$1,234,056$280,381$127,872$1,151,534
69$1,308,544$242,735$80,771$1,210,684
70$1,389,012$201,625$30,473$1,274,631
71$1,476,019$156,832$0$1,343,846
72$1,570,177$108,121$0$1,422,070
73$1,672,164$55,247$0$1,511,377
74$1,782,720$0$0$1,608,195
75$1,902,663$0$0$1,713,359
76$2,032,891$0$0$1,830,850
77$2,174,391$0$0$1,958,521
78$2,328,249$0$0$2,097,354
79$2,495,662$0$0$2,248,428
80$2,677,943$0$0$2,412,931
81$2,876,540$0$0$2,592,172
82$3,093,045$0$0$2,787,589
83$3,329,212$0$0$3,000,765
84$3,586,969$0$0$3,233,444
85$3,868,439$0$0$3,487,544
86$4,175,962$0$0$3,765,177
87$4,512,109$0$0$4,068,669
88$4,879,714$0$0$4,400,579
89$5,281,897$0$0$4,763,727
90$5,722,094$0$0$5,161,216
91$6,204,085$0$0$5,596,463
92$6,732,038$0$0$6,073,234
93$7,310,538$0$0$6,595,672
94$7,944,638$0$0$7,168,341
95$8,639,902$0$0$7,796,271
96$9,402,457$0$0$8,484,997
97$10,239,054$0$0$9,240,619
98$11,157,126$0$0$10,069,854
99$12,164,862$0$0$10,980,101
100$13,271,284$0$0$11,979,513