Can I retire at age 53 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$43,767$43,377$42,997$42,625$42,263$41,342
2 years$21,667$21,263$20,872$20,493$20,125$19,202
3 years$14,301$13,896$13,506$13,130$12,768$11,872
4 years$10,619$10,215$9,829$9,459$9,106$8,243
5 years$8,410$8,009$7,627$7,266$6,923$6,095
6 years$6,938$6,540$6,164$5,811$5,478$4,687
7 years$5,887$5,492$5,122$4,777$4,455$3,701
8 years$5,099$4,708$4,344$4,007$3,696$2,979
9 years$4,487$4,099$3,742$3,413$3,112$2,432
10 years$3,997$3,613$3,262$2,942$2,652$2,007
11 years$3,597$3,216$2,872$2,561$2,281$1,670
12 years$3,263$2,887$2,549$2,246$1,976$1,399
13 years$2,981$2,609$2,277$1,983$1,723$1,179
14 years$2,740$2,371$2,046$1,760$1,511$998
15 years$2,531$2,166$1,847$1,570$1,330$848
16 years$2,348$1,988$1,675$1,406$1,176$722
17 years$2,187$1,830$1,524$1,263$1,042$617
18 years$2,044$1,691$1,391$1,138$927$528
19 years$1,916$1,568$1,274$1,028$826$453
20 years$1,801$1,457$1,169$931$738$389
21 years$1,697$1,357$1,075$845$660$335
22 years$1,603$1,267$991$769$592$289
23 years$1,517$1,185$915$700$531$249
24 years$1,439$1,110$846$638$478$215
25 years$1,366$1,042$784$583$430$185
26 years$1,300$979$727$533$387$160
27 years$1,238$921$675$488$349$138
28 years$1,181$868$627$447$315$120
29 years$1,128$819$584$410$284$104
30 years$1,079$773$544$376$257$90
31 years$1,033$731$507$346$232$78
32 years$990$692$473$318$210$67
33 years$949$655$442$292$190$58
34 years$911$621$413$269$172$50
35 years$875$589$386$247$156$44
36 years$842$559$361$228$141$38
37 years$810$531$338$210$128$33
38 years$780$505$316$193$116$28
39 years$752$480$296$178$105$25
40 years$725$456$278$165$95$21
41 years$699$435$261$152$87$19
42 years$675$414$244$140$79$16
43 years$652$394$229$129$71$14
44 years$630$376$215$119$65$12
45 years$609$358$202$110$59$10
46 years$589$342$190$102$53$9
47 years$570$326$178$94$48$8
48 years$552$311$168$87$44$7
49 years$534$297$158$80$40$6
50 years$517$284$148$74$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $530,000, adding $5,962 every year, while hoping to spend $34,328 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: 82/9/9 Blend
52$530,000$530,000$530,000$530,000
53$590,210$562,120$553,905$637,368
54$613,886$553,139$535,936$660,130
55$638,828$542,568$516,214$679,941
56$665,126$530,291$494,646$700,648
57$692,883$516,189$471,130$722,323
58$722,208$500,134$445,564$745,043
59$753,222$481,989$417,839$768,895
60$786,055$461,611$387,842$793,973
61$820,852$438,850$355,454$820,382
62$857,769$413,543$320,551$848,236
63$896,977$385,522$283,005$877,662
64$938,663$354,607$242,680$908,800
65$983,032$320,608$199,435$941,804
66$1,030,308$283,325$153,123$976,845
67$1,080,737$242,546$103,591$1,014,109
68$1,134,588$198,046$50,677$1,053,805
69$1,192,156$149,590$0$1,096,161
70$1,253,764$96,928$0$1,141,985
71$1,319,766$39,796$0$1,196,230
72$1,390,551$0$0$1,254,348
73$1,466,545$0$0$1,318,884
74$1,548,217$0$0$1,392,486
75$1,636,079$0$0$1,471,676
76$1,730,697$0$0$1,556,964
77$1,832,690$0$0$1,648,910
78$1,942,738$0$0$1,748,127
79$2,061,590$0$0$1,855,293
80$2,190,065$0$0$1,971,148
81$2,329,069$0$0$2,096,509
82$2,479,593$0$0$2,232,272
83$2,642,728$0$0$2,379,423
84$2,819,675$0$0$2,539,047
85$3,011,753$0$0$2,712,336
86$3,220,414$0$0$2,900,600
87$3,447,255$0$0$3,105,283
88$3,694,032$0$0$3,327,972
89$3,962,677$0$0$3,570,412
90$4,255,317$0$0$3,834,526
91$4,574,293$0$0$4,122,427
92$4,922,180$0$0$4,436,442
93$5,301,813$0$0$4,779,133
94$5,716,312$0$0$5,153,319
95$6,169,111$0$0$5,562,103
96$6,663,993$0$0$6,008,903
97$7,205,120$0$0$6,497,479
98$7,797,076$0$0$7,031,973
99$8,444,908$0$0$7,616,946
100$9,154,174$0$0$8,257,420