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%12.8%
1 years$43,767$43,377$42,997$42,625$42,263$41,769
2 years$21,667$21,263$20,872$20,493$20,125$19,629
3 years$14,301$13,896$13,506$13,130$12,768$12,284
4 years$10,619$10,215$9,829$9,459$9,106$8,638
5 years$8,410$8,009$7,627$7,266$6,923$6,471
6 years$6,938$6,540$6,164$5,811$5,478$5,044
7 years$5,887$5,492$5,122$4,777$4,455$4,039
8 years$5,099$4,708$4,344$4,007$3,696$3,298
9 years$4,487$4,099$3,742$3,413$3,112$2,733
10 years$3,997$3,613$3,262$2,942$2,652$2,290
11 years$3,597$3,216$2,872$2,561$2,281$1,936
12 years$3,263$2,887$2,549$2,246$1,976$1,648
13 years$2,981$2,609$2,277$1,983$1,723$1,412
14 years$2,740$2,371$2,046$1,760$1,511$1,215
15 years$2,531$2,166$1,847$1,570$1,330$1,050
16 years$2,348$1,988$1,675$1,406$1,176$911
17 years$2,187$1,830$1,524$1,263$1,042$792
18 years$2,044$1,691$1,391$1,138$927$691
19 years$1,916$1,568$1,274$1,028$826$603
20 years$1,801$1,457$1,169$931$738$528
21 years$1,697$1,357$1,075$845$660$463
22 years$1,603$1,267$991$769$592$407
23 years$1,517$1,185$915$700$531$357
24 years$1,439$1,110$846$638$478$314
25 years$1,366$1,042$784$583$430$277
26 years$1,300$979$727$533$387$244
27 years$1,238$921$675$488$349$215
28 years$1,181$868$627$447$315$190
29 years$1,128$819$584$410$284$168
30 years$1,079$773$544$376$257$148
31 years$1,033$731$507$346$232$131
32 years$990$692$473$318$210$116
33 years$949$655$442$292$190$102
34 years$911$621$413$269$172$91
35 years$875$589$386$247$156$80
36 years$842$559$361$228$141$71
37 years$810$531$338$210$128$63
38 years$780$505$316$193$116$56
39 years$752$480$296$178$105$49
40 years$725$456$278$165$95$44
41 years$699$435$261$152$87$39
42 years$675$414$244$140$79$34
43 years$652$394$229$129$71$30
44 years$630$376$215$119$65$27
45 years$609$358$202$110$59$24
46 years$589$342$190$102$53$21
47 years$570$326$178$94$48$19
48 years$552$311$168$87$44$17
49 years$534$297$158$80$40$15
50 years$517$284$148$74$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $530,000, adding $6,101 every year, while hoping to spend $37,331 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: 65/28/7 Blend
52$530,000$530,000$530,000$530,000
53$590,353$562,263$554,048$627,582
54$610,849$550,094$532,889$640,948
55$632,185$536,078$509,770$650,545
56$654,406$520,084$484,585$660,048
57$677,563$501,975$457,226$669,447
58$701,708$481,606$427,577$678,727
59$726,900$458,822$395,518$687,877
60$753,200$433,461$360,925$696,885
61$780,676$405,350$323,665$705,737
62$809,399$374,307$283,602$714,424
63$839,449$340,139$240,594$722,934
64$870,910$302,643$194,492$731,257
65$903,874$261,604$145,138$739,385
66$938,441$216,794$92,372$747,311
67$974,718$167,972$36,022$755,029
68$1,012,823$114,887$0$762,537
69$1,052,883$57,268$0$771,634
70$1,095,036$0$0$783,511
71$1,139,435$0$0$797,085
72$1,186,242$0$0$830,012
73$1,235,637$0$0$864,773
74$1,287,815$0$0$901,508
75$1,342,988$0$0$940,369
76$1,401,389$0$0$981,521
77$1,463,272$0$0$1,025,145
78$1,528,914$0$0$1,071,440
79$1,598,617$0$0$1,120,621
80$1,672,713$0$0$1,172,926
81$1,751,565$0$0$1,228,612
82$1,835,569$0$0$1,287,964
83$1,925,159$0$0$1,351,292
84$2,020,813$0$0$1,418,936
85$2,123,050$0$0$1,491,269
86$2,232,444$0$0$1,568,699
87$2,349,620$0$0$1,651,674
88$2,475,266$0$0$1,740,687
89$2,610,136$0$0$1,836,276
90$2,755,059$0$0$1,939,033
91$2,910,943$0$0$2,049,608
92$3,078,785$0$0$2,168,715
93$3,259,681$0$0$2,297,138
94$3,454,835$0$0$2,435,737
95$3,665,568$0$0$2,585,458
96$3,893,334$0$0$2,747,340
97$4,139,729$0$0$2,922,527
98$4,406,509$0$0$3,112,275
99$4,695,603$0$0$3,317,963
100$5,009,132$0$0$3,541,111