Can I retire at age 53 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$42,859$42,477$42,104$41,741$41,386$40,418
2 years$21,217$20,822$20,439$20,068$19,708$18,738
3 years$14,004$13,607$13,225$12,858$12,503$11,562
4 years$10,398$10,003$9,625$9,263$8,917$8,012
5 years$8,236$7,842$7,469$7,115$6,779$5,912
6 years$6,794$6,404$6,036$5,690$5,364$4,536
7 years$5,765$5,378$5,016$4,678$4,362$3,574
8 years$4,993$4,610$4,254$3,924$3,619$2,870
9 years$4,394$4,014$3,664$3,343$3,048$2,337
10 years$3,914$3,538$3,194$2,881$2,597$1,924
11 years$3,522$3,150$2,812$2,508$2,233$1,597
12 years$3,196$2,827$2,496$2,200$1,935$1,335
13 years$2,919$2,555$2,230$1,942$1,688$1,122
14 years$2,683$2,322$2,004$1,724$1,479$947
15 years$2,478$2,121$1,809$1,537$1,303$802
16 years$2,299$1,946$1,640$1,376$1,151$681
17 years$2,142$1,792$1,492$1,237$1,021$581
18 years$2,002$1,656$1,362$1,115$908$496
19 years$1,876$1,535$1,247$1,007$809$424
20 years$1,764$1,426$1,145$912$723$363
21 years$1,662$1,329$1,053$828$647$311
22 years$1,570$1,240$970$753$580$267
23 years$1,486$1,160$896$685$520$230
24 years$1,409$1,087$829$625$468$198
25 years$1,338$1,020$767$571$421$170
26 years$1,273$959$712$522$379$146
27 years$1,213$902$661$478$342$126
28 years$1,157$850$614$438$308$109
29 years$1,105$802$572$401$278$94
30 years$1,056$757$533$368$252$81
31 years$1,011$716$497$338$227$70
32 years$969$677$463$311$206$60
33 years$929$642$433$286$186$52
34 years$892$608$404$263$169$45
35 years$857$577$378$242$153$39
36 years$824$547$353$223$138$33
37 years$793$520$331$206$125$29
38 years$764$494$310$189$114$25
39 years$736$470$290$175$103$22
40 years$710$447$272$161$94$19
41 years$685$426$255$149$85$16
42 years$661$405$239$137$77$14
43 years$638$386$225$127$70$12
44 years$617$368$211$117$63$10
45 years$596$351$198$108$58$9
46 years$577$335$186$100$52$8
47 years$558$320$175$92$47$7
48 years$540$305$164$85$43$6
49 years$523$291$154$79$39$5
50 years$507$278$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $519,000, adding $6,697 every year, while hoping to spend $32,693 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: 53/24/23 Blend
52$519,000$519,000$519,000$519,000
53$578,846$551,339$543,294$605,522
54$603,103$543,569$526,710$616,857
55$628,739$534,324$508,474$625,247
56$655,859$523,494$488,496$633,695
57$684,580$510,969$466,684$642,217
58$715,027$496,627$442,939$650,834
59$747,340$480,341$417,157$659,569
60$781,670$461,979$389,232$668,453
61$818,181$441,396$359,052$677,519
62$857,054$418,444$326,500$686,807
63$898,489$392,963$291,453$696,364
64$942,701$364,784$253,783$706,245
65$989,929$333,731$213,357$716,511
66$1,040,433$299,615$170,035$727,235
67$1,094,498$262,237$123,673$738,499
68$1,152,438$221,388$74,117$750,396
69$1,214,597$176,846$21,210$763,035
70$1,281,351$128,377$0$776,536
71$1,353,114$75,733$0$799,691
72$1,430,341$18,653$0$830,120
73$1,513,530$0$0$862,836
74$1,603,229$0$0$909,478
75$1,700,039$0$0$965,174
76$1,804,623$0$0$1,025,383
77$1,917,707$0$0$1,090,529
78$2,040,089$0$0$1,161,077
79$2,172,647$0$0$1,237,540
80$2,316,347$0$0$1,320,480
81$2,472,250$0$0$1,410,516
82$2,641,524$0$0$1,508,329
83$2,825,452$0$0$1,614,668
84$3,025,448$0$0$1,730,357
85$3,243,065$0$0$1,856,303
86$3,480,013$0$0$1,993,503
87$3,738,174$0$0$2,143,055
88$4,019,618$0$0$2,306,167
89$4,326,624$0$0$2,484,168
90$4,661,700$0$0$2,678,523
91$5,027,608$0$0$2,890,843
92$5,427,386$0$0$3,122,902
93$5,864,381$0$0$3,376,652
94$6,342,276$0$0$3,654,244
95$6,865,128$0$0$3,958,045
96$7,437,403$0$0$4,290,663
97$8,064,020$0$0$4,654,968
98$8,750,393$0$0$5,054,121
99$9,502,487$0$0$5,491,606
100$10,326,871$0$0$5,971,255