Can I retire at age 53 with 516,000?

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 $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%14.2%
1 years$42,611$42,231$41,861$41,499$41,147$40,432
2 years$21,094$20,702$20,321$19,952$19,594$18,876
3 years$13,923$13,529$13,149$12,783$12,431$11,732
4 years$10,338$9,945$9,569$9,210$8,866$8,192
5 years$8,188$7,797$7,426$7,074$6,740$6,092
6 years$6,755$6,367$6,001$5,657$5,333$4,713
7 years$5,732$5,347$4,987$4,651$4,337$3,745
8 years$4,965$4,583$4,229$3,902$3,598$3,033
9 years$4,368$3,991$3,643$3,323$3,030$2,492
10 years$3,891$3,517$3,176$2,865$2,582$2,071
11 years$3,502$3,131$2,796$2,493$2,220$1,735
12 years$3,177$2,811$2,481$2,187$1,924$1,464
13 years$2,903$2,540$2,217$1,931$1,678$1,243
14 years$2,668$2,309$1,992$1,714$1,471$1,060
15 years$2,464$2,109$1,798$1,528$1,295$907
16 years$2,286$1,935$1,631$1,369$1,145$779
17 years$2,129$1,782$1,484$1,230$1,015$671
18 years$1,990$1,647$1,354$1,108$902$579
19 years$1,866$1,526$1,240$1,001$804$501
20 years$1,754$1,418$1,138$907$718$434
21 years$1,653$1,321$1,047$823$643$376
22 years$1,561$1,233$965$748$576$327
23 years$1,477$1,153$891$682$517$284
24 years$1,401$1,081$824$622$465$247
25 years$1,330$1,014$763$568$418$215
26 years$1,266$953$708$519$377$188
27 years$1,206$897$657$475$340$164
28 years$1,150$845$611$435$307$143
29 years$1,098$797$568$399$277$125
30 years$1,050$753$529$366$250$109
31 years$1,005$712$494$336$226$95
32 years$963$674$461$309$205$83
33 years$924$638$430$284$185$73
34 years$887$605$402$262$168$64
35 years$852$573$376$241$152$56
36 years$820$544$351$222$138$49
37 years$789$517$329$204$125$43
38 years$759$491$308$188$113$37
39 years$732$467$289$174$102$33
40 years$705$444$270$160$93$28
41 years$681$423$254$148$84$25
42 years$657$403$238$136$77$22
43 years$634$384$223$126$69$19
44 years$613$366$210$116$63$17
45 years$593$349$197$107$57$15
46 years$573$333$185$99$52$13
47 years$555$318$174$92$47$11
48 years$537$303$163$85$43$10
49 years$520$290$153$78$39$9
50 years$504$277$144$72$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $516,000, adding $4,603 every year, while hoping to spend $31,344 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: 46/49/5 Blend
52$516,000$516,000$516,000$516,000
53$573,380$546,032$538,034$598,782
54$598,515$539,438$522,708$610,108
55$625,163$531,470$505,819$618,724
56$653,446$522,028$487,280$627,329
57$683,496$511,006$467,002$635,930
58$715,458$498,291$444,892$644,537
59$749,491$483,763$420,852$653,166
60$785,768$467,297$394,780$661,834
61$824,480$448,758$366,569$670,563
62$865,836$428,006$336,108$679,381
63$910,064$404,891$303,280$688,321
64$957,414$379,254$267,964$697,422
65$1,008,162$350,929$230,032$706,731
66$1,062,608$319,738$189,351$716,303
67$1,121,083$285,495$145,784$726,204
68$1,183,951$248,001$99,185$736,507
69$1,251,609$207,049$49,403$747,299
70$1,324,496$162,417$0$758,682
71$1,403,092$113,872$0$770,969
72$1,487,925$61,169$0$786,920
73$1,579,574$4,048$0$804,057
74$1,678,679$0$0$822,562
75$1,785,938$0$0$873,788
76$1,902,123$0$0$931,691
77$2,028,081$0$0$994,516
78$2,164,743$0$0$1,062,736
79$2,313,132$0$0$1,136,867
80$2,474,376$0$0$1,217,480
81$2,649,715$0$0$1,305,202
82$2,840,510$0$0$1,400,724
83$3,048,264$0$0$1,504,804
84$3,274,626$0$0$1,618,278
85$3,521,413$0$0$1,742,066
86$3,790,625$0$0$1,877,180
87$4,084,462$0$0$2,024,735
88$4,405,348$0$0$2,185,956
89$4,755,948$0$0$2,362,196
90$5,139,199$0$0$2,554,940
91$5,558,333$0$0$2,765,825
92$6,016,910$0$0$2,996,655
93$6,518,847$0$0$3,249,414
94$7,068,461$0$0$3,526,288
95$7,670,503$0$0$3,829,684
96$8,330,206$0$0$4,162,253
97$9,053,335$0$0$4,526,916
98$9,846,237$0$0$4,926,888
99$10,715,902$0$0$5,365,712
100$11,670,032$0$0$5,847,288