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%19.5%
1 years$43,024$42,640$42,267$41,902$41,545$39,960
2 years$21,299$20,902$20,518$20,145$19,783$18,205
3 years$14,058$13,660$13,276$12,907$12,551$11,029
4 years$10,439$10,041$9,662$9,299$8,952$7,498
5 years$8,267$7,873$7,498$7,142$6,805$5,423
6 years$6,820$6,429$6,059$5,712$5,385$4,075
7 years$5,787$5,399$5,035$4,696$4,379$3,142
8 years$5,013$4,628$4,270$3,939$3,633$2,467
9 years$4,411$4,029$3,678$3,355$3,059$1,963
10 years$3,929$3,552$3,207$2,892$2,607$1,578
11 years$3,536$3,162$2,823$2,517$2,242$1,278
12 years$3,208$2,838$2,505$2,208$1,943$1,042
13 years$2,931$2,565$2,238$1,949$1,694$853
14 years$2,693$2,331$2,011$1,730$1,485$701
15 years$2,488$2,130$1,816$1,543$1,308$578
16 years$2,308$1,954$1,646$1,382$1,156$478
17 years$2,150$1,799$1,498$1,242$1,025$396
18 years$2,009$1,663$1,368$1,119$911$329
19 years$1,884$1,541$1,252$1,011$812$273
20 years$1,771$1,432$1,149$916$725$227
21 years$1,669$1,334$1,057$831$649$189
22 years$1,576$1,245$974$756$582$158
23 years$1,492$1,164$899$688$522$132
24 years$1,414$1,091$832$628$469$110
25 years$1,343$1,024$770$573$422$92
26 years$1,278$962$714$524$381$77
27 years$1,217$906$663$480$343$64
28 years$1,161$853$617$440$310$53
29 years$1,109$805$574$403$280$45
30 years$1,061$760$535$370$253$37
31 years$1,015$719$498$340$228$31
32 years$973$680$465$312$207$26
33 years$933$644$434$287$187$22
34 years$896$610$406$264$169$18
35 years$861$579$379$243$153$15
36 years$827$550$355$224$139$13
37 years$796$522$332$206$126$11
38 years$767$496$311$190$114$9
39 years$739$472$291$175$103$7
40 years$712$449$273$162$94$6
41 years$687$427$256$149$85$5
42 years$663$407$240$138$77$4
43 years$641$388$225$127$70$4
44 years$619$369$212$117$64$3
45 years$598$352$199$108$58$3
46 years$579$336$187$100$52$2
47 years$560$321$175$93$48$2
48 years$542$306$165$85$43$2
49 years$525$292$155$79$39$1
50 years$509$279$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $521,000, adding $3,337 every year, while hoping to spend $34,462 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: 56/35/9 Blend
52$521,000$521,000$521,000$521,000
53$577,584$549,971$541,896$608,499
54$599,830$540,252$523,382$620,037
55$623,191$528,902$503,093$628,488
56$647,743$515,805$480,933$636,862
57$673,570$500,837$456,801$645,155
58$700,763$483,867$430,594$653,367
59$729,423$464,759$402,201$661,498
60$759,658$443,366$371,508$669,551
61$791,585$419,533$338,396$677,531
62$825,334$393,097$302,739$685,447
63$861,045$363,885$264,407$693,308
64$898,871$331,716$223,265$701,132
65$938,981$296,394$179,169$708,936
66$981,557$257,718$131,971$716,747
67$1,026,800$215,471$81,517$724,592
68$1,074,930$169,425$27,644$732,511
69$1,126,186$119,339$0$740,546
70$1,180,830$64,960$0$751,617
71$1,239,151$6,020$0$765,938
72$1,301,464$0$0$780,943
73$1,368,115$0$0$818,983
74$1,439,481$0$0$862,228
75$1,515,980$0$0$908,614
76$1,598,066$0$0$958,423
77$1,686,239$0$0$1,011,961
78$1,781,049$0$0$1,069,568
79$1,883,098$0$0$1,131,614
80$1,993,049$0$0$1,198,506
81$2,111,627$0$0$1,270,692
82$2,239,632$0$0$1,348,665
83$2,377,941$0$0$1,432,964
84$2,527,518$0$0$1,524,184
85$2,689,423$0$0$1,622,978
86$2,864,822$0$0$1,730,064
87$3,054,996$0$0$1,846,230
88$3,261,353$0$0$1,972,347
89$3,485,442$0$0$2,109,368
90$3,728,970$0$0$2,258,344
91$3,993,809$0$0$2,420,431
92$4,282,023$0$0$2,596,900
93$4,595,882$0$0$2,789,152
94$4,937,883$0$0$2,998,725
95$5,310,774$0$0$3,227,314
96$5,717,580$0$0$3,476,786
97$6,161,632$0$0$3,749,192
98$6,646,595$0$0$4,046,794
99$7,176,502$0$0$4,372,079
100$7,755,797$0$0$4,727,788