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%16.3%
1 years$43,684$43,295$42,916$42,545$42,183$41,097
2 years$21,626$21,223$20,833$20,454$20,087$19,000
3 years$14,274$13,870$13,480$13,105$12,744$11,690
4 years$10,599$10,196$9,810$9,442$9,089$8,076
5 years$8,394$7,993$7,613$7,252$6,910$5,941
6 years$6,925$6,527$6,152$5,800$5,467$4,543
7 years$5,876$5,482$5,113$4,768$4,446$3,567
8 years$5,090$4,699$4,336$4,000$3,689$2,854
9 years$4,478$4,091$3,735$3,407$3,106$2,316
10 years$3,990$3,606$3,256$2,937$2,647$1,899
11 years$3,590$3,210$2,866$2,556$2,276$1,571
12 years$3,257$2,881$2,544$2,242$1,973$1,308
13 years$2,976$2,604$2,273$1,979$1,720$1,094
14 years$2,735$2,367$2,042$1,757$1,508$920
15 years$2,526$2,162$1,844$1,567$1,328$776
16 years$2,344$1,984$1,672$1,403$1,173$657
17 years$2,183$1,827$1,521$1,261$1,040$557
18 years$2,040$1,688$1,389$1,136$925$473
19 years$1,913$1,565$1,271$1,027$825$403
20 years$1,798$1,454$1,167$930$737$344
21 years$1,694$1,354$1,073$844$659$293
22 years$1,600$1,264$989$767$591$251
23 years$1,514$1,182$913$699$530$214
24 years$1,436$1,108$845$637$477$184
25 years$1,364$1,040$782$582$429$157
26 years$1,297$977$725$532$386$135
27 years$1,236$920$674$487$348$116
28 years$1,179$866$626$446$314$99
29 years$1,126$817$583$409$284$85
30 years$1,077$772$543$376$256$73
31 years$1,031$730$506$345$232$63
32 years$988$690$472$317$210$54
33 years$947$654$441$292$190$46
34 years$909$620$412$268$172$40
35 years$874$588$385$247$156$34
36 years$840$558$360$227$141$29
37 years$808$530$337$210$128$25
38 years$778$504$316$193$116$22
39 years$750$479$296$178$105$19
40 years$723$456$277$164$95$16
41 years$698$434$260$152$86$14
42 years$673$413$244$140$78$12
43 years$650$394$229$129$71$10
44 years$629$375$215$119$65$9
45 years$608$358$202$110$59$8
46 years$588$341$189$102$53$6
47 years$569$326$178$94$48$6
48 years$551$311$167$87$44$5
49 years$533$297$157$80$40$4
50 years$516$284$148$74$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $529,000, adding $6,514 every year, while hoping to spend $30,903 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: 66/19/15 Blend
52$529,000$529,000$529,000$529,000
53$589,677$561,640$553,441$626,073
54$616,944$556,280$539,100$645,847
55$645,956$549,621$523,244$663,247
56$676,859$541,568$505,788$681,499
57$709,811$532,018$486,645$700,685
58$744,989$520,864$465,724$720,897
59$782,582$507,990$442,930$742,235
60$822,800$493,276$418,163$764,813
61$865,872$476,594$391,319$788,756
62$912,051$457,807$362,288$814,203
63$961,613$436,773$330,957$841,310
64$1,014,861$413,338$297,208$870,247
65$1,072,128$387,343$260,915$901,207
66$1,133,780$358,617$221,950$934,400
67$1,200,217$326,981$180,177$970,062
68$1,271,881$292,244$135,455$1,008,455
69$1,349,255$254,207$87,635$1,049,867
70$1,432,873$212,656$36,564$1,094,620
71$1,523,318$167,369$0$1,143,069
72$1,621,234$118,107$0$1,198,480
73$1,727,327$64,622$0$1,264,850
74$1,842,374$6,649$0$1,336,835
75$1,967,231$0$0$1,415,000
76$2,102,836$0$0$1,511,696
77$2,250,224$0$0$1,618,336
78$2,410,532$0$0$1,734,354
79$2,585,011$0$0$1,860,662
80$2,775,038$0$0$1,998,259
81$2,982,127$0$0$2,148,247
82$3,207,947$0$0$2,311,838
83$3,454,333$0$0$2,490,366
84$3,723,303$0$0$2,685,299
85$4,017,083$0$0$2,898,255
86$4,338,119$0$0$3,131,012
87$4,689,107$0$0$3,385,531
88$5,073,013$0$0$3,663,967
89$5,493,104$0$0$3,968,698
90$5,952,978$0$0$4,302,337
91$6,456,596$0$0$4,667,766
92$7,008,320$0$0$5,068,156
93$7,612,954$0$0$5,507,000
94$8,275,789$0$0$5,988,147
95$9,002,652$0$0$6,515,832
96$9,799,961$0$0$7,094,724
97$10,674,786$0$0$7,729,962
98$11,634,912$0$0$8,427,209
99$12,688,917$0$0$9,192,703
100$13,846,248$0$0$10,033,313