Can I retire at age 53 with 535,000?

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 $535,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$44,180$43,786$43,402$43,028$42,662$41,835
2 years$21,871$21,464$21,069$20,686$20,315$19,485
3 years$14,436$14,027$13,633$13,254$12,889$12,082
4 years$10,719$10,311$9,921$9,549$9,192$8,415
5 years$8,490$8,084$7,699$7,334$6,988$6,242
6 years$7,004$6,601$6,222$5,865$5,529$4,815
7 years$5,943$5,544$5,171$4,822$4,497$3,815
8 years$5,147$4,752$4,385$4,045$3,731$3,081
9 years$4,529$4,137$3,777$3,446$3,142$2,524
10 years$4,035$3,647$3,293$2,970$2,677$2,091
11 years$3,631$3,247$2,899$2,585$2,302$1,747
12 years$3,294$2,914$2,573$2,267$1,995$1,469
13 years$3,009$2,633$2,299$2,002$1,740$1,243
14 years$2,766$2,394$2,065$1,777$1,525$1,056
15 years$2,555$2,187$1,865$1,585$1,343$901
16 years$2,370$2,006$1,691$1,419$1,187$771
17 years$2,208$1,848$1,538$1,275$1,052$662
18 years$2,063$1,707$1,404$1,149$936$569
19 years$1,934$1,582$1,286$1,038$834$490
20 years$1,818$1,470$1,180$940$745$423
21 years$1,714$1,370$1,085$853$667$366
22 years$1,618$1,279$1,000$776$597$316
23 years$1,532$1,196$924$707$536$274
24 years$1,452$1,120$854$644$482$238
25 years$1,379$1,051$791$589$434$206
26 years$1,312$988$734$538$391$179
27 years$1,250$930$681$493$352$155
28 years$1,192$876$633$451$318$135
29 years$1,139$827$589$414$287$117
30 years$1,089$781$549$380$259$102
31 years$1,042$738$512$349$234$89
32 years$999$698$478$321$212$77
33 years$958$661$446$295$192$67
34 years$920$627$417$271$174$59
35 years$884$595$389$250$157$51
36 years$850$564$364$230$143$44
37 years$818$536$341$212$129$39
38 years$787$509$319$195$117$34
39 years$759$484$299$180$106$29
40 years$731$461$280$166$96$26
41 years$706$439$263$153$87$22
42 years$681$418$247$141$79$19
43 years$658$398$231$131$72$17
44 years$636$379$217$121$65$15
45 years$615$362$204$111$59$13
46 years$594$345$192$103$54$11
47 years$575$329$180$95$49$10
48 years$557$314$169$88$44$9
49 years$539$300$159$81$40$7
50 years$522$287$149$75$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $535,000, adding $4,436 every year, while hoping to spend $23,345 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: 74/13/13 Blend
52$535,000$535,000$535,000$535,000
53$594,146$565,791$557,498$636,179
54$629,910$568,676$551,336$667,445
55$668,539$570,919$544,184$698,359
56$710,302$572,466$535,986$731,595
57$755,492$573,256$526,680$767,375
58$804,432$573,226$516,205$805,948
59$857,479$572,309$504,492$847,584
60$915,023$570,433$491,473$892,584
61$977,494$567,522$477,076$941,277
62$1,045,364$563,497$461,225$994,030
63$1,119,155$558,272$443,839$1,051,243
64$1,199,438$551,757$424,837$1,113,360
65$1,286,843$543,855$404,132$1,180,869
66$1,382,063$534,466$381,632$1,254,311
67$1,485,860$523,481$357,243$1,334,278
68$1,599,073$510,788$330,866$1,421,427
69$1,722,626$496,264$302,398$1,516,481
70$1,857,536$479,783$271,730$1,620,237
71$2,004,922$461,209$238,750$1,733,574
72$2,166,015$440,399$203,339$1,857,461
73$2,342,172$417,203$165,375$1,992,967
74$2,534,887$391,459$124,728$2,141,272
75$2,745,804$362,999$81,265$2,303,676
76$2,976,734$331,643$34,845$2,481,611
77$3,229,670$297,204$0$2,676,659
78$3,506,809$259,480$0$2,892,601
79$3,810,570$218,260$0$3,134,611
80$4,143,615$173,322$0$3,399,992
81$4,508,878$124,429$0$3,691,105
82$4,909,591$71,333$0$4,010,551
83$5,349,311$13,771$0$4,361,194
84$5,831,960$0$0$4,746,196
85$6,361,855$0$0$5,175,978
86$6,943,753$0$0$5,650,127
87$7,582,894$0$0$6,170,944
88$8,285,050$0$0$6,743,136
89$9,056,579$0$0$7,371,889
90$9,904,488$0$0$8,062,914
91$10,836,495$0$0$8,822,506
92$11,861,100$0$0$9,657,596
93$12,987,673$0$0$10,575,825
94$14,226,534$0$0$11,585,607
95$15,589,053$0$0$12,696,215
96$17,087,759$0$0$13,917,865
97$18,736,455$0$0$15,261,812
98$20,550,348$0$0$16,740,458
99$22,546,196$0$0$18,367,466
100$24,742,461$0$0$20,157,894