Can I retire at age 53 with 524,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$43,271$42,886$42,510$42,143$41,784$41,194
2 years$21,422$21,023$20,636$20,261$19,897$19,304
3 years$14,139$13,738$13,353$12,981$12,624$12,045
4 years$10,499$10,099$9,717$9,352$9,003$8,444
5 years$8,315$7,918$7,541$7,184$6,844$6,307
6 years$6,860$6,466$6,094$5,745$5,416$4,900
7 years$5,821$5,430$5,064$4,723$4,404$3,911
8 years$5,042$4,654$4,295$3,962$3,654$3,182
9 years$4,436$4,052$3,699$3,375$3,077$2,627
10 years$3,952$3,572$3,225$2,909$2,622$2,193
11 years$3,556$3,180$2,839$2,532$2,255$1,847
12 years$3,226$2,854$2,520$2,221$1,954$1,567
13 years$2,948$2,579$2,251$1,961$1,704$1,337
14 years$2,709$2,345$2,023$1,740$1,494$1,146
15 years$2,502$2,142$1,826$1,552$1,315$987
16 years$2,322$1,965$1,656$1,390$1,162$852
17 years$2,162$1,810$1,507$1,249$1,031$738
18 years$2,021$1,672$1,375$1,125$916$641
19 years$1,894$1,550$1,259$1,017$817$557
20 years$1,781$1,440$1,156$921$730$486
21 years$1,678$1,341$1,063$836$653$424
22 years$1,585$1,252$980$760$585$370
23 years$1,500$1,171$905$692$525$324
24 years$1,422$1,097$837$631$472$284
25 years$1,351$1,030$775$576$425$249
26 years$1,285$968$719$527$383$218
27 years$1,224$911$667$482$345$192
28 years$1,168$858$620$442$311$168
29 years$1,115$810$577$405$281$148
30 years$1,067$765$538$372$254$130
31 years$1,021$723$501$342$230$114
32 years$978$684$468$314$208$100
33 years$938$648$437$289$188$88
34 years$901$614$408$266$170$78
35 years$866$582$381$245$154$69
36 years$832$553$357$225$140$60
37 years$801$525$334$208$127$53
38 years$771$499$313$191$115$47
39 years$743$474$293$176$104$41
40 years$716$451$275$163$94$36
41 years$691$430$258$150$86$32
42 years$667$409$242$139$78$28
43 years$644$390$227$128$71$25
44 years$623$372$213$118$64$22
45 years$602$354$200$109$58$19
46 years$582$338$188$101$53$17
47 years$563$323$176$93$48$15
48 years$545$308$166$86$44$13
49 years$528$294$156$79$40$12
50 years$512$281$146$73$36$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $524,000, adding $6,405 every year, while hoping to spend $40,580 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: 66/13/21 Blend
52$524,000$524,000$524,000$524,000
53$584,055$556,283$548,161$619,092
54$600,452$540,364$523,347$627,480
55$617,161$522,305$496,343$631,419
56$634,171$501,958$467,030$634,768
57$651,470$479,167$435,289$637,469
58$669,040$453,767$400,992$639,462
59$686,863$425,582$364,005$640,678
60$704,916$394,428$324,192$641,047
61$723,171$360,109$281,407$640,491
62$741,599$322,419$235,498$638,927
63$760,164$281,139$186,309$636,264
64$778,824$236,038$133,674$632,407
65$797,533$186,873$77,421$627,251
66$816,237$133,385$17,370$620,682
67$834,875$75,303$0$612,579
68$853,379$12,340$0$613,277
69$871,672$0$0$617,002
70$889,664$0$0$627,732
71$907,257$0$0$639,919
72$924,341$0$0$651,716
73$940,790$0$0$663,032
74$956,466$0$0$673,765
75$971,211$0$0$683,800
76$984,852$0$0$693,010
77$997,193$0$0$701,252
78$1,008,018$0$0$708,368
79$1,017,084$0$0$714,181
80$1,024,121$0$0$718,494
81$1,028,830$0$0$721,088
82$1,030,877$0$0$721,720
83$1,029,891$0$0$720,119
84$1,025,462$0$0$715,986
85$1,017,132$0$0$708,988
86$1,004,396$0$0$698,754
87$986,691$0$0$684,877
88$963,395$0$0$666,901
89$933,820$0$0$644,326
90$897,200$0$0$616,594
91$852,692$0$0$583,089
92$799,359$0$0$543,131
93$736,166$0$0$495,964
94$661,969$0$0$440,756
95$575,501$0$0$376,584
96$475,362$0$0$302,428
97$360,007$0$0$217,163
98$227,723$0$0$119,544
99$76,624$0$0$8,194
100$0$0$0$0