Can I retire at age 53 with 521,000?

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 $521,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$43,024$42,640$42,267$41,902$41,545$41,077
2 years$21,299$20,902$20,518$20,145$19,783$19,312
3 years$14,058$13,660$13,276$12,907$12,551$12,092
4 years$10,439$10,041$9,662$9,299$8,952$8,507
5 years$8,267$7,873$7,498$7,142$6,805$6,377
6 years$6,820$6,429$6,059$5,712$5,385$4,973
7 years$5,787$5,399$5,035$4,696$4,379$3,985
8 years$5,013$4,628$4,270$3,939$3,633$3,255
9 years$4,411$4,029$3,678$3,355$3,059$2,699
10 years$3,929$3,552$3,207$2,892$2,607$2,263
11 years$3,536$3,162$2,823$2,517$2,242$1,914
12 years$3,208$2,838$2,505$2,208$1,943$1,631
13 years$2,931$2,565$2,238$1,949$1,694$1,398
14 years$2,693$2,331$2,011$1,730$1,485$1,204
15 years$2,488$2,130$1,816$1,543$1,308$1,041
16 years$2,308$1,954$1,646$1,382$1,156$904
17 years$2,150$1,799$1,498$1,242$1,025$786
18 years$2,009$1,663$1,368$1,119$911$686
19 years$1,884$1,541$1,252$1,011$812$600
20 years$1,771$1,432$1,149$916$725$526
21 years$1,669$1,334$1,057$831$649$461
22 years$1,576$1,245$974$756$582$405
23 years$1,492$1,164$899$688$522$356
24 years$1,414$1,091$832$628$469$314
25 years$1,343$1,024$770$573$422$277
26 years$1,278$962$714$524$381$244
27 years$1,217$906$663$480$343$215
28 years$1,161$853$617$440$310$190
29 years$1,109$805$574$403$280$168
30 years$1,061$760$535$370$253$149
31 years$1,015$719$498$340$228$131
32 years$973$680$465$312$207$116
33 years$933$644$434$287$187$103
34 years$896$610$406$264$169$91
35 years$861$579$379$243$153$81
36 years$827$550$355$224$139$71
37 years$796$522$332$206$126$63
38 years$767$496$311$190$114$56
39 years$739$472$291$175$103$50
40 years$712$449$273$162$94$44
41 years$687$427$256$149$85$39
42 years$663$407$240$138$77$35
43 years$641$388$225$127$70$31
44 years$619$369$212$117$64$27
45 years$598$352$199$108$58$24
46 years$579$336$187$100$52$21
47 years$560$321$175$93$48$19
48 years$542$306$165$85$43$17
49 years$525$292$155$79$39$15
50 years$509$279$146$73$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $521,000, adding $4,591 every year, while hoping to spend $41,747 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: 76/8/16 Blend
52$521,000$521,000$521,000$521,000
53$578,878$551,265$543,189$620,494
54$593,505$533,858$516,967$631,215
55$608,224$514,199$488,468$637,302
56$623,002$492,134$457,571$642,843
57$637,799$467,499$424,150$647,771
58$652,569$440,121$388,074$652,011
59$667,262$409,818$349,205$655,484
60$681,820$376,396$307,400$658,101
61$696,177$339,651$262,510$659,765
62$710,260$299,367$214,377$660,370
63$723,986$255,316$162,838$659,803
64$737,263$207,257$107,724$657,936
65$749,986$154,935$48,855$654,632
66$762,039$98,081$0$649,740
67$773,291$36,411$0$645,480
68$783,597$0$0$648,342
69$792,794$0$0$652,489
70$800,702$0$0$658,749
71$807,117$0$0$663,749
72$811,817$0$0$667,300
73$814,550$0$0$669,192
74$815,041$0$0$669,193
75$812,979$0$0$667,044
76$808,023$0$0$662,457
77$799,794$0$0$655,115
78$787,870$0$0$644,665
79$771,785$0$0$630,714
80$751,020$0$0$612,830
81$725,004$0$0$590,532
82$693,102$0$0$563,288
83$654,611$0$0$530,509
84$608,755$0$0$491,545
85$554,674$0$0$445,674
86$491,417$0$0$392,101
87$417,933$0$0$329,943
88$333,060$0$0$258,228
89$235,513$0$0$175,878
90$123,874$0$0$81,705
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0