Can I retire at age 53 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$43,684$43,295$42,916$42,545$42,183$41,673
2 years$21,626$21,223$20,833$20,454$20,087$19,574
3 years$14,274$13,870$13,480$13,105$12,744$12,244
4 years$10,599$10,196$9,810$9,442$9,089$8,605
5 years$8,394$7,993$7,613$7,252$6,910$6,444
6 years$6,925$6,527$6,152$5,800$5,467$5,020
7 years$5,876$5,482$5,113$4,768$4,446$4,018
8 years$5,090$4,699$4,336$4,000$3,689$3,279
9 years$4,478$4,091$3,735$3,407$3,106$2,715
10 years$3,990$3,606$3,256$2,937$2,647$2,273
11 years$3,590$3,210$2,866$2,556$2,276$1,921
12 years$3,257$2,881$2,544$2,242$1,973$1,635
13 years$2,976$2,604$2,273$1,979$1,720$1,399
14 years$2,735$2,367$2,042$1,757$1,508$1,204
15 years$2,526$2,162$1,844$1,567$1,328$1,039
16 years$2,344$1,984$1,672$1,403$1,173$901
17 years$2,183$1,827$1,521$1,261$1,040$783
18 years$2,040$1,688$1,389$1,136$925$682
19 years$1,913$1,565$1,271$1,027$825$596
20 years$1,798$1,454$1,167$930$737$521
21 years$1,694$1,354$1,073$844$659$456
22 years$1,600$1,264$989$767$591$400
23 years$1,514$1,182$913$699$530$352
24 years$1,436$1,108$845$637$477$309
25 years$1,364$1,040$782$582$429$272
26 years$1,297$977$725$532$386$240
27 years$1,236$920$674$487$348$211
28 years$1,179$866$626$446$314$186
29 years$1,126$817$583$409$284$164
30 years$1,077$772$543$376$256$145
31 years$1,031$730$506$345$232$128
32 years$988$690$472$317$210$113
33 years$947$654$441$292$190$100
34 years$909$620$412$268$172$88
35 years$874$588$385$247$156$78
36 years$840$558$360$227$141$69
37 years$808$530$337$210$128$61
38 years$778$504$316$193$116$54
39 years$750$479$296$178$105$48
40 years$723$456$277$164$95$42
41 years$698$434$260$152$86$37
42 years$673$413$244$140$78$33
43 years$650$394$229$129$71$29
44 years$629$375$215$119$65$26
45 years$608$358$202$110$59$23
46 years$588$341$189$102$53$20
47 years$569$326$178$94$48$18
48 years$551$311$167$87$44$16
49 years$533$297$157$80$40$14
50 years$516$284$148$74$36$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $529,000, adding $4,538 every year, while hoping to spend $36,870 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: 55/18/27 Blend
52$529,000$529,000$529,000$529,000
53$587,639$559,602$551,402$615,352
54$608,349$547,793$530,645$623,130
55$629,935$534,170$507,957$627,401
56$652,449$518,604$483,233$631,303
57$675,944$500,961$456,367$634,813
58$700,479$481,098$427,245$637,907
59$726,119$458,862$395,747$640,562
60$752,930$434,093$361,752$642,757
61$780,988$406,623$325,130$644,466
62$810,372$376,271$285,745$645,668
63$841,170$342,848$243,457$646,341
64$873,475$306,153$198,119$646,462
65$907,391$265,976$149,577$646,011
66$943,027$222,092$97,671$644,969
67$980,506$174,264$42,233$643,317
68$1,019,958$122,244$0$641,039
69$1,061,527$65,767$0$642,999
70$1,105,368$4,555$0$657,610
71$1,151,652$0$0$672,738
72$1,200,562$0$0$700,656
73$1,252,302$0$0$731,165
74$1,307,092$0$0$763,495
75$1,365,172$0$0$797,793
76$1,426,807$0$0$834,216
77$1,492,283$0$0$872,938
78$1,561,916$0$0$914,149
79$1,636,051$0$0$958,058
80$1,715,064$0$0$1,004,891
81$1,799,369$0$0$1,054,898
82$1,889,418$0$0$1,108,352
83$1,985,707$0$0$1,165,552
84$2,088,780$0$0$1,226,828
85$2,199,233$0$0$1,292,540
86$2,317,720$0$0$1,363,082
87$2,444,959$0$0$1,438,888
88$2,581,738$0$0$1,520,435
89$2,728,921$0$0$1,608,246
90$2,887,458$0$0$1,702,894
91$3,058,391$0$0$1,805,010
92$3,242,867$0$0$1,915,287
93$3,442,144$0$0$2,034,487
94$3,657,605$0$0$2,163,447
95$3,890,770$0$0$2,303,085
96$4,143,311$0$0$2,454,414
97$4,417,065$0$0$2,618,546
98$4,714,053$0$0$2,796,703
99$5,036,497$0$0$2,990,231
100$5,386,840$0$0$3,200,609