Can I retire at age 53 with 535,000?

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 $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%15.5%
1 years$44,180$43,786$43,402$43,028$42,662$41,698
2 years$21,871$21,464$21,069$20,686$20,315$19,349
3 years$14,436$14,027$13,633$13,254$12,889$11,951
4 years$10,719$10,311$9,921$9,549$9,192$8,290
5 years$8,490$8,084$7,699$7,334$6,988$6,124
6 years$7,004$6,601$6,222$5,865$5,529$4,704
7 years$5,943$5,544$5,171$4,822$4,497$3,710
8 years$5,147$4,752$4,385$4,045$3,731$2,982
9 years$4,529$4,137$3,777$3,446$3,142$2,432
10 years$4,035$3,647$3,293$2,970$2,677$2,004
11 years$3,631$3,247$2,899$2,585$2,302$1,666
12 years$3,294$2,914$2,573$2,267$1,995$1,394
13 years$3,009$2,633$2,299$2,002$1,740$1,173
14 years$2,766$2,394$2,065$1,777$1,525$991
15 years$2,555$2,187$1,865$1,585$1,343$841
16 years$2,370$2,006$1,691$1,419$1,187$716
17 years$2,208$1,848$1,538$1,275$1,052$611
18 years$2,063$1,707$1,404$1,149$936$522
19 years$1,934$1,582$1,286$1,038$834$447
20 years$1,818$1,470$1,180$940$745$384
21 years$1,714$1,370$1,085$853$667$329
22 years$1,618$1,279$1,000$776$597$283
23 years$1,532$1,196$924$707$536$244
24 years$1,452$1,120$854$644$482$210
25 years$1,379$1,051$791$589$434$181
26 years$1,312$988$734$538$391$156
27 years$1,250$930$681$493$352$135
28 years$1,192$876$633$451$318$116
29 years$1,139$827$589$414$287$101
30 years$1,089$781$549$380$259$87
31 years$1,042$738$512$349$234$75
32 years$999$698$478$321$212$65
33 years$958$661$446$295$192$56
34 years$920$627$417$271$174$49
35 years$884$595$389$250$157$42
36 years$850$564$364$230$143$36
37 years$818$536$341$212$129$31
38 years$787$509$319$195$117$27
39 years$759$484$299$180$106$24
40 years$731$461$280$166$96$20
41 years$706$439$263$153$87$18
42 years$681$418$247$141$79$15
43 years$658$398$231$131$72$13
44 years$636$379$217$121$65$11
45 years$615$362$204$111$59$10
46 years$594$345$192$103$54$9
47 years$575$329$180$95$49$7
48 years$557$314$169$88$44$6
49 years$539$300$159$81$40$6
50 years$522$287$149$75$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $535,000, adding $6,130 every year, while hoping to spend $25,682 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: 68/5/27 Blend
52$535,000$535,000$535,000$535,000
53$595,893$567,538$559,246$631,849
54$629,349$568,022$550,655$657,268
55$665,356$567,669$540,916$681,584
56$704,148$566,411$529,962$707,603
57$745,982$564,175$517,726$735,493
58$791,137$560,885$504,135$765,443
59$839,924$556,459$489,115$797,657
60$892,682$550,811$472,586$832,364
61$949,785$543,850$454,467$869,817
62$1,011,643$535,479$434,671$910,295
63$1,078,706$525,593$413,109$954,104
64$1,151,473$514,086$389,687$1,001,585
65$1,230,488$500,841$364,306$1,053,113
66$1,316,352$485,736$336,864$1,109,104
67$1,409,725$468,643$307,254$1,170,016
68$1,511,334$449,423$275,365$1,236,356
69$1,621,979$427,933$241,078$1,308,681
70$1,742,538$404,020$204,271$1,387,609
71$1,873,981$377,521$164,818$1,473,823
72$2,017,373$348,265$122,585$1,568,073
73$2,173,886$316,071$77,433$1,671,192
74$2,344,812$280,748$29,217$1,784,095
75$2,531,572$242,094$0$1,907,796
76$2,735,731$199,895$0$2,049,817
77$2,959,011$153,925$0$2,214,386
78$3,203,308$103,946$0$2,394,483
79$3,470,713$49,706$0$2,591,661
80$3,763,523$0$0$2,807,629
81$4,084,272$0$0$3,044,767
82$4,435,749$0$0$3,307,652
83$4,821,026$0$0$3,595,848
84$5,243,485$0$0$3,911,892
85$5,706,852$0$0$4,258,574
86$6,215,231$0$0$4,638,969
87$6,773,143$0$0$5,056,463
88$7,385,567$0$0$5,514,789
89$8,057,987$0$0$6,018,054
90$8,796,445$0$0$6,570,786
91$9,607,597$0$0$7,177,972
92$10,498,775$0$0$7,845,106
93$11,478,056$0$0$8,578,239
94$12,554,338$0$0$9,384,039
95$13,737,425$0$0$10,269,851
96$15,038,117$0$0$11,243,768
97$16,468,314$0$0$12,314,706
98$18,041,124$0$0$13,492,488
99$19,770,991$0$0$14,787,937
100$21,673,830$0$0$16,212,977