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%11.6%
1 years$43,602$43,213$42,834$42,465$42,103$41,821
2 years$21,585$21,183$20,793$20,416$20,049$19,764
3 years$14,247$13,843$13,455$13,081$12,720$12,441
4 years$10,579$10,176$9,792$9,424$9,072$8,802
5 years$8,378$7,978$7,599$7,238$6,896$6,636
6 years$6,912$6,515$6,141$5,789$5,457$5,206
7 years$5,865$5,471$5,103$4,759$4,438$4,197
8 years$5,080$4,690$4,328$3,992$3,682$3,450
9 years$4,470$4,083$3,728$3,401$3,101$2,879
10 years$3,982$3,599$3,250$2,931$2,642$2,430
11 years$3,583$3,204$2,861$2,551$2,272$2,069
12 years$3,251$2,876$2,539$2,238$1,969$1,776
13 years$2,970$2,599$2,269$1,976$1,717$1,533
14 years$2,730$2,362$2,038$1,754$1,505$1,330
15 years$2,521$2,158$1,840$1,564$1,325$1,158
16 years$2,339$1,980$1,668$1,400$1,171$1,013
17 years$2,179$1,824$1,518$1,258$1,038$888
18 years$2,036$1,685$1,386$1,134$923$781
19 years$1,909$1,562$1,269$1,025$823$688
20 years$1,795$1,451$1,164$928$735$608
21 years$1,691$1,352$1,071$842$658$538
22 years$1,597$1,262$987$766$590$476
23 years$1,512$1,180$911$697$529$423
24 years$1,433$1,106$843$636$476$375
25 years$1,361$1,038$781$581$428$334
26 years$1,295$975$724$531$386$297
27 years$1,234$918$672$486$348$264
28 years$1,177$865$625$445$314$235
29 years$1,124$816$582$408$283$210
30 years$1,075$770$542$375$256$187
31 years$1,029$728$505$344$231$167
32 years$986$689$471$316$209$149
33 years$946$653$440$291$189$133
34 years$908$619$411$268$172$119
35 years$872$587$384$246$155$106
36 years$839$557$360$227$141$95
37 years$807$529$337$209$128$85
38 years$777$503$315$193$116$76
39 years$749$478$295$178$105$68
40 years$722$455$277$164$95$61
41 years$696$433$260$151$86$55
42 years$672$412$243$140$78$49
43 years$649$393$228$129$71$44
44 years$627$374$214$119$65$39
45 years$606$357$201$110$59$35
46 years$587$341$189$101$53$31
47 years$568$325$178$94$48$28
48 years$549$310$167$87$44$25
49 years$532$296$157$80$40$23
50 years$516$283$148$74$36$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $528,000, adding $2,005 every year, while hoping to spend $41,986 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: 65/11/24 Blend
52$528,000$528,000$528,000$528,000
53$583,924$555,940$547,756$618,115
54$598,812$538,508$521,433$623,965
55$613,810$518,815$492,821$625,452
56$628,888$496,706$461,799$626,121
57$644,005$472,016$428,241$625,897
58$659,121$444,571$392,014$624,695
59$674,185$414,189$352,980$622,424
60$689,142$380,675$310,995$618,988
61$703,931$343,824$265,909$614,281
62$718,479$303,418$217,564$608,187
63$732,707$259,229$165,797$600,583
64$746,527$211,015$110,434$591,335
65$759,837$158,519$51,298$580,297
66$772,526$101,472$0$567,310
67$784,467$39,588$0$555,229
68$795,520$0$0$555,058
69$805,529$0$0$556,819
70$814,317$0$0$562,479
71$821,691$0$0$567,105
72$827,432$0$0$570,541
73$831,300$0$0$572,614
74$833,026$0$0$573,130
75$832,311$0$0$571,876
76$828,824$0$0$568,613
77$822,198$0$0$563,077
78$812,024$0$0$554,974
79$797,850$0$0$543,981
80$779,175$0$0$529,737
81$755,443$0$0$511,844
82$726,039$0$0$489,860
83$690,283$0$0$463,296
84$647,421$0$0$431,612
85$596,618$0$0$394,210
86$536,953$0$0$350,428
87$467,406$0$0$299,535
88$386,850$0$0$240,721
89$294,037$0$0$173,093
90$187,591$0$0$95,664
91$65,989$0$0$7,341
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