Can I retire at age 53 with 522,000?

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 $522,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$43,106$42,722$42,348$41,982$41,625$40,851
2 years$21,340$20,942$20,557$20,184$19,821$19,045
3 years$14,085$13,686$13,302$12,932$12,576$11,820
4 years$10,459$10,061$9,680$9,317$8,969$8,241
5 years$8,283$7,888$7,512$7,156$6,818$6,119
6 years$6,833$6,441$6,071$5,723$5,395$4,726
7 years$5,798$5,409$5,045$4,705$4,388$3,749
8 years$5,022$4,637$4,279$3,947$3,640$3,031
9 years$4,419$4,037$3,685$3,362$3,065$2,486
10 years$3,937$3,558$3,213$2,898$2,612$2,062
11 years$3,542$3,168$2,829$2,522$2,246$1,725
12 years$3,214$2,843$2,510$2,212$1,947$1,453
13 years$2,936$2,569$2,243$1,953$1,697$1,230
14 years$2,699$2,336$2,015$1,734$1,488$1,047
15 years$2,493$2,134$1,819$1,546$1,310$894
16 years$2,313$1,958$1,650$1,384$1,158$767
17 years$2,154$1,803$1,501$1,244$1,027$659
18 years$2,013$1,666$1,370$1,121$913$567
19 years$1,887$1,544$1,254$1,013$814$490
20 years$1,774$1,435$1,151$917$727$423
21 years$1,672$1,336$1,059$833$650$366
22 years$1,579$1,247$976$757$583$317
23 years$1,494$1,167$901$689$523$275
24 years$1,417$1,093$833$629$470$239
25 years$1,346$1,026$772$574$423$208
26 years$1,280$964$716$525$381$181
27 years$1,220$907$665$481$344$157
28 years$1,163$855$618$440$310$137
29 years$1,111$807$575$404$280$119
30 years$1,063$762$536$371$253$104
31 years$1,017$720$499$340$229$90
32 years$975$681$466$313$207$79
33 years$935$645$435$288$187$69
34 years$897$612$406$265$170$60
35 years$862$580$380$244$154$52
36 years$829$551$356$224$139$46
37 years$798$523$333$207$126$40
38 years$768$497$312$191$114$35
39 years$740$473$292$176$104$30
40 years$714$450$274$162$94$26
41 years$688$428$257$150$85$23
42 years$665$408$241$138$77$20
43 years$642$388$226$127$70$18
44 years$620$370$212$118$64$15
45 years$600$353$199$109$58$13
46 years$580$337$187$100$53$12
47 years$561$321$176$93$48$10
48 years$543$307$165$86$43$9
49 years$526$293$155$79$39$8
50 years$510$280$146$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $522,000, adding $5,940 every year, while hoping to spend $46,079 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: 43/38/19 Blend
52$522,000$522,000$522,000$522,000
53$581,371$553,705$545,614$602,924
54$591,643$531,809$514,864$596,822
55$601,419$507,296$481,540$585,246
56$610,598$479,988$445,507$571,744
57$619,071$449,699$406,623$556,163
58$626,713$416,231$364,742$538,336
59$633,386$379,375$319,709$518,084
60$638,937$338,909$271,364$495,215
61$643,193$294,600$219,540$469,521
62$645,965$246,202$164,060$440,779
63$647,040$193,452$104,743$408,750
64$646,183$136,076$41,397$373,174
65$643,132$73,783$0$333,773
66$637,599$6,265$0$295,559
67$629,260$0$0$262,196
68$617,759$0$0$252,910
69$602,701$0$0$244,521
70$583,648$0$0$234,198
71$560,116$0$0$221,712
72$531,566$0$0$206,807
73$497,405$0$0$189,200
74$456,975$0$0$168,577
75$409,551$0$0$144,593
76$354,326$0$0$116,866
77$290,414$0$0$84,973
78$216,831$0$0$48,447
79$132,491$0$0$6,771
80$36,195$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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