Can I retire at age 53 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$42,693$42,313$41,942$41,580$41,226$40,560
2 years$21,135$20,742$20,360$19,990$19,632$18,962
3 years$13,950$13,555$13,174$12,808$12,455$11,803
4 years$10,358$9,964$9,588$9,227$8,883$8,254
5 years$8,204$7,812$7,440$7,088$6,753$6,148
6 years$6,768$6,379$6,013$5,668$5,343$4,764
7 years$5,743$5,357$4,997$4,660$4,345$3,792
8 years$4,974$4,592$4,238$3,909$3,605$3,076
9 years$4,377$3,998$3,650$3,330$3,036$2,532
10 years$3,899$3,524$3,182$2,870$2,587$2,108
11 years$3,508$3,137$2,801$2,498$2,225$1,770
12 years$3,183$2,816$2,486$2,191$1,928$1,496
13 years$2,908$2,545$2,221$1,934$1,681$1,273
14 years$2,673$2,313$1,996$1,717$1,474$1,087
15 years$2,469$2,113$1,802$1,531$1,298$933
16 years$2,291$1,939$1,634$1,371$1,147$803
17 years$2,133$1,786$1,487$1,232$1,017$693
18 years$1,994$1,650$1,357$1,110$904$599
19 years$1,869$1,529$1,242$1,003$806$519
20 years$1,757$1,421$1,140$909$720$451
21 years$1,656$1,324$1,049$825$644$392
22 years$1,564$1,235$967$750$577$341
23 years$1,480$1,156$892$683$518$297
24 years$1,403$1,083$825$623$466$259
25 years$1,333$1,016$764$569$419$227
26 years$1,268$955$709$520$378$198
27 years$1,208$899$658$476$340$173
28 years$1,152$847$612$436$307$151
29 years$1,101$799$570$400$277$132
30 years$1,052$754$531$367$251$116
31 years$1,007$713$495$337$227$102
32 years$965$675$461$310$205$89
33 years$926$639$431$285$185$78
34 years$889$606$403$262$168$68
35 years$854$574$376$241$152$60
36 years$821$545$352$222$138$53
37 years$790$518$330$205$125$46
38 years$761$492$309$189$113$40
39 years$733$468$289$174$103$35
40 years$707$445$271$161$93$31
41 years$682$424$254$148$85$27
42 years$658$404$238$137$77$24
43 years$636$385$224$126$70$21
44 years$614$367$210$116$63$18
45 years$594$350$197$108$57$16
46 years$574$334$185$99$52$14
47 years$556$318$174$92$47$12
48 years$538$304$163$85$43$11
49 years$521$290$154$78$39$10
50 years$505$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 $517,000, adding $6,692 every year, while hoping to spend $37,697 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: 34/45/21 Blend
52$517,000$517,000$517,000$517,000
53$576,637$549,236$541,222$592,345
54$595,344$536,039$519,244$591,353
55$614,697$520,932$495,266$586,349
56$634,720$503,782$469,181$580,177
57$655,441$484,447$440,879$572,757
58$676,889$462,778$410,241$564,003
59$699,094$438,617$377,147$553,826
60$722,090$411,796$341,469$542,132
61$745,908$382,140$303,073$528,821
62$770,587$349,460$261,822$513,789
63$796,163$313,561$217,570$496,924
64$822,678$274,231$170,164$478,111
65$850,174$231,252$119,448$457,228
66$878,698$184,390$65,256$434,145
67$908,299$133,398$7,415$408,729
68$939,028$78,017$0$380,836
69$970,940$17,971$0$362,486
70$1,004,096$0$0$343,918
71$1,038,559$0$0$346,634
72$1,074,396$0$0$358,723
73$1,111,681$0$0$371,312
74$1,150,491$0$0$384,429
75$1,190,911$0$0$398,104
76$1,233,030$0$0$412,370
77$1,276,945$0$0$427,261
78$1,322,762$0$0$442,815
79$1,370,592$0$0$459,073
80$1,420,557$0$0$476,079
81$1,472,789$0$0$493,880
82$1,527,430$0$0$512,527
83$1,584,633$0$0$532,077
84$1,644,566$0$0$552,591
85$1,707,408$0$0$574,133
86$1,773,355$0$0$596,776
87$1,842,620$0$0$620,597
88$1,915,435$0$0$645,680
89$1,992,049$0$0$672,118
90$2,072,738$0$0$700,012
91$2,157,798$0$0$729,469
92$2,247,554$0$0$760,610
93$2,342,359$0$0$793,564
94$2,442,600$0$0$828,474
95$2,548,696$0$0$865,494
96$2,661,109$0$0$904,795
97$2,780,339$0$0$946,562
98$2,906,937$0$0$990,998
99$3,041,502$0$0$1,038,324
100$3,184,691$0$0$1,088,784