Can I retire at age 53 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$42,941$42,559$42,185$41,821$41,466$39,868
2 years$21,258$20,862$20,478$20,106$19,745$18,155
3 years$14,031$13,634$13,251$12,882$12,527$10,994
4 years$10,419$10,022$9,643$9,281$8,935$7,470
5 years$8,251$7,857$7,484$7,129$6,792$5,400
6 years$6,807$6,416$6,048$5,701$5,374$4,056
7 years$5,776$5,388$5,026$4,687$4,371$3,125
8 years$5,003$4,619$4,262$3,932$3,626$2,452
9 years$4,402$4,021$3,671$3,349$3,054$1,950
10 years$3,922$3,545$3,201$2,887$2,602$1,566
11 years$3,529$3,156$2,818$2,512$2,238$1,268
12 years$3,202$2,832$2,501$2,204$1,939$1,033
13 years$2,925$2,560$2,234$1,946$1,691$845
14 years$2,688$2,327$2,007$1,727$1,482$694
15 years$2,483$2,125$1,812$1,540$1,305$572
16 years$2,304$1,950$1,643$1,379$1,153$473
17 years$2,146$1,796$1,495$1,239$1,023$391
18 years$2,005$1,660$1,365$1,117$909$325
19 years$1,880$1,538$1,250$1,009$811$270
20 years$1,767$1,429$1,147$914$724$224
21 years$1,665$1,331$1,055$829$648$187
22 years$1,573$1,243$972$754$581$155
23 years$1,489$1,162$898$687$521$129
24 years$1,412$1,089$830$626$469$108
25 years$1,341$1,022$769$572$422$90
26 years$1,275$960$713$523$380$75
27 years$1,215$904$662$479$342$63
28 years$1,159$852$616$439$309$52
29 years$1,107$804$573$402$279$44
30 years$1,058$759$534$369$252$37
31 years$1,013$717$497$339$228$31
32 years$971$679$464$312$206$26
33 years$931$643$433$287$187$21
34 years$894$609$405$264$169$18
35 years$859$578$379$243$153$15
36 years$826$548$354$224$139$12
37 years$795$521$331$206$126$10
38 years$765$495$310$190$114$9
39 years$737$471$291$175$103$7
40 years$711$448$273$161$94$6
41 years$686$426$256$149$85$5
42 years$662$406$240$137$77$4
43 years$639$387$225$127$70$4
44 years$618$369$211$117$64$3
45 years$597$352$198$108$58$2
46 years$578$335$186$100$52$2
47 years$559$320$175$92$48$2
48 years$541$306$164$85$43$1
49 years$524$292$155$79$39$1
50 years$508$279$145$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $520,000, adding $5,827 every year, while hoping to spend $31,652 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: 37/37/26 Blend
52$520,000$520,000$520,000$520,000
53$579,051$551,491$543,431$595,789
54$604,436$544,836$527,958$601,963
55$631,350$536,795$510,906$605,302
56$659,916$527,265$492,189$608,292
57$690,266$516,140$471,716$610,920
58$722,547$503,305$449,393$613,178
59$756,920$488,640$425,121$615,057
60$793,561$472,019$398,797$616,552
61$832,661$453,304$370,314$617,659
62$874,431$432,355$339,558$618,381
63$919,102$409,020$306,413$618,719
64$966,928$383,138$270,754$618,683
65$1,018,185$354,542$232,455$618,285
66$1,073,178$323,053$191,380$617,545
67$1,132,241$288,482$147,390$616,488
68$1,195,740$250,629$100,339$615,147
69$1,264,080$209,283$50,074$613,563
70$1,337,700$164,222$0$611,788
71$1,417,088$115,211$0$610,873
72$1,502,775$62,001$0$624,792
73$1,595,349$4,330$0$639,776
74$1,695,453$0$0$655,979
75$1,803,795$0$0$697,223
76$1,921,153$0$0$743,869
77$2,048,383$0$0$794,503
78$2,186,426$0$0$849,506
79$2,336,315$0$0$909,300
80$2,499,190$0$0$974,346
81$2,676,302$0$0$1,045,155
82$2,869,029$0$0$1,122,285
83$3,078,886$0$0$1,206,355
84$3,307,540$0$0$1,298,042
85$3,556,828$0$0$1,398,094
86$3,828,768$0$0$1,507,331
87$4,125,584$0$0$1,626,660
88$4,449,723$0$0$1,757,076
89$4,803,879$0$0$1,899,676
90$5,191,018$0$0$2,055,668
91$5,614,405$0$0$2,226,381
92$6,077,636$0$0$2,413,279
93$6,584,669$0$0$2,617,975
94$7,139,864$0$0$2,842,244
95$7,748,020$0$0$3,088,042
96$8,414,425$0$0$3,357,521
97$9,144,901$0$0$3,653,053
98$9,945,859$0$0$3,977,252
99$10,824,363$0$0$4,332,994
100$11,788,191$0$0$4,723,448