Can I retire at age 53 with 530,000?

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 $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%15.1%
1 years$43,767$43,377$42,997$42,625$42,263$41,376
2 years$21,667$21,263$20,872$20,493$20,125$19,236
3 years$14,301$13,896$13,506$13,130$12,768$11,904
4 years$10,619$10,215$9,829$9,459$9,106$8,274
5 years$8,410$8,009$7,627$7,266$6,923$6,125
6 years$6,938$6,540$6,164$5,811$5,478$4,715
7 years$5,887$5,492$5,122$4,777$4,455$3,727
8 years$5,099$4,708$4,344$4,007$3,696$3,003
9 years$4,487$4,099$3,742$3,413$3,112$2,454
10 years$3,997$3,613$3,262$2,942$2,652$2,028
11 years$3,597$3,216$2,872$2,561$2,281$1,690
12 years$3,263$2,887$2,549$2,246$1,976$1,418
13 years$2,981$2,609$2,277$1,983$1,723$1,196
14 years$2,740$2,371$2,046$1,760$1,511$1,014
15 years$2,531$2,166$1,847$1,570$1,330$862
16 years$2,348$1,988$1,675$1,406$1,176$736
17 years$2,187$1,830$1,524$1,263$1,042$630
18 years$2,044$1,691$1,391$1,138$927$540
19 years$1,916$1,568$1,274$1,028$826$464
20 years$1,801$1,457$1,169$931$738$399
21 years$1,697$1,357$1,075$845$660$344
22 years$1,603$1,267$991$769$592$297
23 years$1,517$1,185$915$700$531$256
24 years$1,439$1,110$846$638$478$221
25 years$1,366$1,042$784$583$430$191
26 years$1,300$979$727$533$387$166
27 years$1,238$921$675$488$349$143
28 years$1,181$868$627$447$315$124
29 years$1,128$819$584$410$284$108
30 years$1,079$773$544$376$257$93
31 years$1,033$731$507$346$232$81
32 years$990$692$473$318$210$70
33 years$949$655$442$292$190$61
34 years$911$621$413$269$172$53
35 years$875$589$386$247$156$46
36 years$842$559$361$228$141$40
37 years$810$531$338$210$128$35
38 years$780$505$316$193$116$30
39 years$752$480$296$178$105$26
40 years$725$456$278$165$95$23
41 years$699$435$261$152$87$20
42 years$675$414$244$140$79$17
43 years$652$394$229$129$71$15
44 years$630$376$215$119$65$13
45 years$609$358$202$110$59$11
46 years$589$342$190$102$53$10
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$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $530,000, adding $5,525 every year, while hoping to spend $29,181 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: 59/33/8 Blend
52$530,000$530,000$530,000$530,000
53$589,759$561,669$553,454$623,192
54$618,866$558,142$540,946$642,766
55$649,964$553,465$527,042$660,293
56$683,225$547,550$511,662$678,680
57$718,838$540,304$494,727$698,008
58$757,011$531,629$476,151$718,373
59$797,969$521,423$455,846$739,879
60$841,964$509,574$433,718$762,643
61$889,267$495,967$409,671$786,793
62$940,181$480,477$383,604$812,475
63$995,034$462,976$355,409$839,849
64$1,054,190$443,323$324,978$869,093
65$1,118,045$421,374$292,193$900,408
66$1,187,039$396,974$256,934$934,013
67$1,261,650$369,960$219,075$970,154
68$1,342,409$340,158$178,483$1,009,105
69$1,429,894$307,386$135,023$1,051,167
70$1,524,746$271,450$88,549$1,096,679
71$1,627,667$232,148$38,912$1,146,014
72$1,739,428$189,262$0$1,199,585
73$1,860,880$142,567$0$1,259,055
74$1,992,957$91,819$0$1,327,355
75$2,136,687$36,767$0$1,401,742
76$2,293,202$0$0$1,482,857
77$2,463,746$0$0$1,579,713
78$2,649,690$0$0$1,699,912
79$2,852,542$0$0$1,831,082
80$3,073,960$0$0$1,974,301
81$3,315,773$0$0$2,130,756
82$3,579,991$0$0$2,301,755
83$3,868,829$0$0$2,488,736
84$4,184,724$0$0$2,693,284
85$4,530,360$0$0$2,917,142
86$4,908,694$0$0$3,162,232
87$5,322,979$0$0$3,430,669
88$5,776,799$0$0$3,724,782
89$6,274,101$0$0$4,047,136
90$6,819,233$0$0$4,400,557
91$7,416,981$0$0$4,788,155
92$8,072,618$0$0$5,213,360
93$8,791,952$0$0$5,679,944
94$9,581,379$0$0$6,192,068
95$10,447,947$0$0$6,754,310
96$11,399,417$0$0$7,371,716
97$12,444,338$0$0$8,049,844
98$13,592,130$0$0$8,794,817
99$14,853,169$0$0$9,613,380
100$16,238,885$0$0$10,512,964