Can I retire at age 53 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$44,015$43,623$43,240$42,867$42,502$41,884
2 years$21,789$21,384$20,990$20,609$20,239$19,618
3 years$14,382$13,974$13,582$13,204$12,841$12,235
4 years$10,679$10,273$9,884$9,513$9,158$8,573
5 years$8,458$8,054$7,671$7,307$6,962$6,400
6 years$6,977$6,577$6,199$5,843$5,509$4,969
7 years$5,920$5,523$5,151$4,804$4,480$3,964
8 years$5,128$4,734$4,369$4,030$3,717$3,224
9 years$4,512$4,122$3,763$3,433$3,130$2,660
10 years$4,020$3,633$3,281$2,959$2,667$2,219
11 years$3,617$3,235$2,888$2,575$2,294$1,868
12 years$3,282$2,903$2,563$2,259$1,988$1,584
13 years$2,998$2,624$2,290$1,994$1,733$1,350
14 years$2,755$2,385$2,058$1,770$1,519$1,157
15 years$2,545$2,179$1,858$1,579$1,338$995
16 years$2,361$1,999$1,684$1,414$1,182$859
17 years$2,199$1,841$1,533$1,270$1,048$743
18 years$2,056$1,701$1,399$1,145$932$645
19 years$1,927$1,576$1,281$1,034$831$560
20 years$1,811$1,465$1,175$937$742$488
21 years$1,707$1,365$1,081$850$664$426
22 years$1,612$1,274$996$773$595$372
23 years$1,526$1,191$920$704$534$325
24 years$1,447$1,116$851$642$480$284
25 years$1,374$1,047$788$586$432$249
26 years$1,307$984$731$536$389$218
27 years$1,245$926$679$491$351$191
28 years$1,188$873$631$450$317$168
29 years$1,135$824$587$412$286$147
30 years$1,085$778$547$378$258$130
31 years$1,039$735$510$348$234$114
32 years$995$696$476$319$211$100
33 years$955$659$444$294$191$88
34 years$916$624$415$270$173$77
35 years$880$592$388$249$157$68
36 years$847$562$363$229$142$60
37 years$815$534$340$211$129$53
38 years$784$507$318$195$117$46
39 years$756$483$298$179$106$41
40 years$729$459$279$165$96$36
41 years$703$437$262$153$87$32
42 years$679$416$246$141$79$28
43 years$655$397$231$130$72$25
44 years$633$378$216$120$65$22
45 years$612$360$203$111$59$19
46 years$592$344$191$102$54$17
47 years$573$328$179$95$49$15
48 years$555$313$169$87$44$13
49 years$537$299$158$81$40$11
50 years$520$286$149$75$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $533,000, adding $4,566 every year, while hoping to spend $32,186 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: 54/30/16 Blend
52$533,000$533,000$533,000$533,000
53$592,076$563,827$555,565$621,283
54$618,222$557,209$539,931$635,101
55$645,956$549,188$522,694$646,312
56$675,407$539,661$503,768$657,793
57$706,713$528,519$483,059$669,579
58$740,029$515,648$460,473$681,708
59$775,522$500,924$435,908$694,225
60$813,376$484,220$409,262$707,183
61$853,791$465,398$380,423$720,638
62$896,988$444,313$349,278$734,659
63$943,209$420,812$315,707$749,321
64$992,718$394,734$279,585$764,711
65$1,045,807$365,907$240,782$780,925
66$1,102,793$334,150$199,162$798,074
67$1,164,026$299,272$154,582$816,283
68$1,229,891$261,071$106,895$835,691
69$1,300,809$219,332$55,945$856,458
70$1,377,243$173,831$1,570$878,760
71$1,459,701$124,328$0$902,799
72$1,548,742$70,572$0$938,435
73$1,644,980$12,296$0$977,195
74$1,749,090$0$0$1,019,123
75$1,861,813$0$0$1,081,331
76$1,983,965$0$0$1,153,184
77$2,116,443$0$0$1,231,154
78$2,260,231$0$0$1,315,828
79$2,416,415$0$0$1,407,851
80$2,586,188$0$0$1,507,930
81$2,770,861$0$0$1,616,847
82$2,971,879$0$0$1,735,460
83$3,190,829$0$0$1,864,712
84$3,429,461$0$0$2,005,644
85$3,689,699$0$0$2,159,398
86$3,973,659$0$0$2,327,235
87$4,283,673$0$0$2,510,539
88$4,622,306$0$0$2,710,838
89$4,992,383$0$0$2,929,809
90$5,397,015$0$0$3,169,304
91$5,839,624$0$0$3,431,358
92$6,323,980$0$0$3,718,213
93$6,854,236$0$0$4,032,338
94$7,434,962$0$0$4,376,452
95$8,071,192$0$0$4,753,549
96$8,768,470$0$0$5,166,928
97$9,532,902$0$0$5,620,219
98$10,371,213$0$0$6,117,424
99$11,290,809$0$0$6,662,947
100$12,299,848$0$0$7,261,642