Can I retire at age 53 with 528,000?

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 $528,000?

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$43,602$43,213$42,834$42,465$42,103$41,321
2 years$21,585$21,183$20,793$20,416$20,049$19,264
3 years$14,247$13,843$13,455$13,081$12,720$11,956
4 years$10,579$10,176$9,792$9,424$9,072$8,336
5 years$8,378$7,978$7,599$7,238$6,896$6,190
6 years$6,912$6,515$6,141$5,789$5,457$4,780
7 years$5,865$5,471$5,103$4,759$4,438$3,792
8 years$5,080$4,690$4,328$3,992$3,682$3,066
9 years$4,470$4,083$3,728$3,401$3,101$2,515
10 years$3,982$3,599$3,250$2,931$2,642$2,085
11 years$3,583$3,204$2,861$2,551$2,272$1,744
12 years$3,251$2,876$2,539$2,238$1,969$1,469
13 years$2,970$2,599$2,269$1,976$1,717$1,245
14 years$2,730$2,362$2,038$1,754$1,505$1,059
15 years$2,521$2,158$1,840$1,564$1,325$905
16 years$2,339$1,980$1,668$1,400$1,171$775
17 years$2,179$1,824$1,518$1,258$1,038$666
18 years$2,036$1,685$1,386$1,134$923$574
19 years$1,909$1,562$1,269$1,025$823$495
20 years$1,795$1,451$1,164$928$735$428
21 years$1,691$1,352$1,071$842$658$370
22 years$1,597$1,262$987$766$590$321
23 years$1,512$1,180$911$697$529$278
24 years$1,433$1,106$843$636$476$242
25 years$1,361$1,038$781$581$428$210
26 years$1,295$975$724$531$386$183
27 years$1,234$918$672$486$348$159
28 years$1,177$865$625$445$314$138
29 years$1,124$816$582$408$283$120
30 years$1,075$770$542$375$256$105
31 years$1,029$728$505$344$231$91
32 years$986$689$471$316$209$80
33 years$946$653$440$291$189$69
34 years$908$619$411$268$172$61
35 years$872$587$384$246$155$53
36 years$839$557$360$227$141$46
37 years$807$529$337$209$128$40
38 years$777$503$315$193$116$35
39 years$749$478$295$178$105$31
40 years$722$455$277$164$95$27
41 years$696$433$260$151$86$23
42 years$672$412$243$140$78$20
43 years$649$393$228$129$71$18
44 years$627$374$214$119$65$16
45 years$606$357$201$110$59$14
46 years$587$341$189$101$53$12
47 years$568$325$178$94$48$10
48 years$549$310$167$87$44$9
49 years$532$296$157$80$40$8
50 years$516$283$148$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $528,000, adding $2,864 every year, while hoping to spend $37,947 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: 49/21/30 Blend
52$528,000$528,000$528,000$528,000
53$584,810$556,826$548,642$608,348
54$604,086$543,735$526,646$612,099
55$624,055$528,731$502,642$612,224
56$644,750$511,680$476,521$611,636
57$666,202$492,440$448,173$610,287
58$688,447$470,862$417,478$608,127
59$711,520$446,786$384,316$605,102
60$735,462$420,046$348,558$601,157
61$760,314$390,463$310,069$596,234
62$786,121$357,850$268,711$590,273
63$812,931$322,010$224,338$583,211
64$840,793$282,732$176,797$574,982
65$869,763$239,795$125,929$565,517
66$899,899$192,965$71,568$554,745
67$931,264$141,996$13,541$542,592
68$963,925$86,625$0$528,980
69$997,954$26,578$0$529,317
70$1,033,428$0$0$533,665
71$1,070,432$0$0$546,544
72$1,109,055$0$0$566,408
73$1,149,396$0$0$587,169
74$1,191,558$0$0$608,881
75$1,235,656$0$0$631,605
76$1,281,813$0$0$655,407
77$1,330,162$0$0$680,357
78$1,380,846$0$0$706,531
79$1,434,024$0$0$734,014
80$1,489,863$0$0$762,896
81$1,548,550$0$0$793,276
82$1,610,285$0$0$825,259
83$1,675,285$0$0$858,964
84$1,743,789$0$0$894,517
85$1,816,056$0$0$932,056
86$1,892,368$0$0$971,733
87$1,973,033$0$0$1,013,712
88$2,058,386$0$0$1,058,172
89$2,148,794$0$0$1,105,312
90$2,244,658$0$0$1,155,344
91$2,346,416$0$0$1,208,504
92$2,454,546$0$0$1,265,050
93$2,569,573$0$0$1,325,261
94$2,692,070$0$0$1,389,445
95$2,822,664$0$0$1,457,940
96$2,962,042$0$0$1,531,115
97$3,110,958$0$0$1,609,375
98$3,270,238$0$0$1,693,162
99$3,440,786$0$0$1,782,965
100$3,623,594$0$0$1,879,315