Can I retire at age 53 with 536,000?

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 $536,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$44,262$43,868$43,483$43,108$42,741$42,016
2 years$21,912$21,504$21,108$20,725$20,353$19,624
3 years$14,463$14,053$13,659$13,279$12,913$12,204
4 years$10,739$10,331$9,940$9,567$9,210$8,525
5 years$8,505$8,099$7,714$7,348$7,001$6,344
6 years$7,017$6,614$6,234$5,876$5,540$4,910
7 years$5,954$5,554$5,180$4,831$4,505$3,904
8 years$5,157$4,761$4,393$4,053$3,737$3,164
9 years$4,538$4,145$3,784$3,452$3,147$2,601
10 years$4,042$3,654$3,299$2,976$2,682$2,162
11 years$3,637$3,253$2,904$2,590$2,306$1,813
12 years$3,300$2,920$2,578$2,272$1,999$1,531
13 years$3,015$2,638$2,303$2,005$1,743$1,300
14 years$2,771$2,398$2,069$1,780$1,528$1,110
15 years$2,559$2,191$1,868$1,588$1,345$951
16 years$2,375$2,010$1,694$1,422$1,189$817
17 years$2,212$1,851$1,541$1,277$1,054$704
18 years$2,067$1,711$1,407$1,151$937$608
19 years$1,938$1,585$1,288$1,040$835$526
20 years$1,822$1,473$1,182$942$746$456
21 years$1,717$1,372$1,087$855$668$396
22 years$1,621$1,281$1,002$777$599$344
23 years$1,534$1,198$925$708$537$300
24 years$1,455$1,122$856$646$483$261
25 years$1,382$1,053$793$590$435$227
26 years$1,315$990$735$539$391$198
27 years$1,252$932$683$494$353$173
28 years$1,195$878$635$452$318$151
29 years$1,141$828$590$415$288$132
30 years$1,091$782$550$381$260$115
31 years$1,044$739$513$349$235$101
32 years$1,001$700$478$321$212$88
33 years$960$663$447$295$192$77
34 years$921$628$417$272$174$68
35 years$885$596$390$250$158$59
36 years$851$565$365$230$143$52
37 years$819$537$342$212$130$45
38 years$789$510$320$196$117$40
39 years$760$485$300$180$106$35
40 years$733$462$281$166$97$30
41 years$707$439$263$154$88$27
42 years$682$419$247$142$79$23
43 years$659$399$232$131$72$20
44 years$637$380$218$121$65$18
45 years$616$362$204$112$59$16
46 years$595$346$192$103$54$14
47 years$576$330$180$95$49$12
48 years$558$315$169$88$45$11
49 years$540$301$159$81$40$9
50 years$523$287$150$75$37$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $536,000, adding $4,159 every year, while hoping to spend $29,474 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: 57/37/6 Blend
52$536,000$536,000$536,000$536,000
53$594,962$566,554$558,246$627,897
54$624,288$562,955$545,587$646,927
55$655,617$558,192$531,516$663,962
56$689,124$552,176$515,955$681,789
57$724,996$544,815$498,822$700,484
58$763,444$536,009$480,030$720,136
59$804,694$525,653$459,491$740,842
60$848,999$513,636$437,110$762,710
61$896,633$499,840$412,789$785,861
62$947,899$484,141$386,426$810,431
63$1,003,127$466,407$357,914$836,570
64$1,062,683$446,497$327,141$864,446
65$1,126,966$424,266$293,990$894,246
66$1,196,417$399,555$258,339$926,178
67$1,271,519$372,200$220,061$960,474
68$1,352,802$342,027$179,021$997,391
69$1,440,852$308,850$135,082$1,037,216
70$1,536,310$272,474$88,098$1,080,268
71$1,639,881$232,694$37,918$1,126,901
72$1,752,344$189,290$0$1,177,508
73$1,874,551$142,034$0$1,233,528
74$2,007,443$90,681$0$1,297,100
75$2,152,053$34,975$0$1,366,344
76$2,309,518$0$0$1,441,869
77$2,481,090$0$0$1,534,673
78$2,668,147$0$0$1,651,422
79$2,872,204$0$0$1,778,825
80$3,094,930$0$0$1,917,930
81$3,338,161$0$0$2,069,891
82$3,603,920$0$0$2,235,976
83$3,894,432$0$0$2,417,583
84$4,212,148$0$0$2,616,250
85$4,559,767$0$0$2,833,672
86$4,940,258$0$0$3,071,713
87$5,356,895$0$0$3,332,428
88$5,813,280$0$0$3,618,080
89$6,313,381$0$0$3,931,158
90$6,861,567$0$0$4,274,408
91$7,462,651$0$0$4,650,851
92$8,121,933$0$0$5,063,815
93$8,845,252$0$0$5,516,967
94$9,639,038$0$0$6,014,345
95$10,510,375$0$0$6,560,397
96$11,467,066$0$0$7,160,022
97$12,517,704$0$0$7,818,619
98$13,671,760$0$0$8,542,133
99$14,939,662$0$0$9,337,115
100$16,332,901$0$0$10,210,782