Can I retire at age 53 with 539,000?

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 $539,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$44,510$44,114$43,727$43,349$42,981$42,426
2 years$22,035$21,624$21,227$20,841$20,467$19,909
3 years$14,544$14,132$13,735$13,353$12,985$12,441
4 years$10,799$10,388$9,996$9,620$9,261$8,735
5 years$8,553$8,145$7,757$7,389$7,040$6,534
6 years$7,056$6,651$6,269$5,909$5,571$5,085
7 years$5,987$5,585$5,209$4,858$4,530$4,065
8 years$5,186$4,788$4,418$4,075$3,758$3,313
9 years$4,563$4,168$3,805$3,471$3,165$2,740
10 years$4,065$3,674$3,317$2,992$2,697$2,292
11 years$3,658$3,271$2,921$2,604$2,319$1,934
12 years$3,319$2,936$2,592$2,284$2,010$1,644
13 years$3,032$2,653$2,316$2,017$1,753$1,405
14 years$2,786$2,412$2,081$1,790$1,536$1,207
15 years$2,574$2,203$1,879$1,597$1,353$1,041
16 years$2,388$2,021$1,703$1,430$1,196$901
17 years$2,224$1,862$1,550$1,284$1,060$782
18 years$2,079$1,720$1,415$1,158$943$680
19 years$1,949$1,594$1,295$1,046$840$593
20 years$1,832$1,481$1,189$947$750$518
21 years$1,726$1,380$1,093$860$672$453
22 years$1,630$1,288$1,008$782$602$397
23 years$1,543$1,205$930$712$540$348
24 years$1,463$1,129$861$649$486$306
25 years$1,390$1,059$797$593$437$268
26 years$1,322$996$739$542$394$236
27 years$1,259$937$686$496$355$208
28 years$1,201$883$638$455$320$183
29 years$1,147$833$594$417$289$161
30 years$1,097$787$553$383$261$142
31 years$1,050$744$516$351$236$125
32 years$1,006$704$481$323$214$110
33 years$965$666$449$297$193$97
34 years$927$631$420$273$175$86
35 years$890$599$392$252$159$76
36 years$856$568$367$232$144$67
37 years$824$540$344$213$130$59
38 years$793$513$322$197$118$52
39 years$764$488$301$181$107$46
40 years$737$464$283$167$97$41
41 years$711$442$265$154$88$36
42 years$686$421$249$142$80$32
43 years$663$401$233$132$73$28
44 years$640$382$219$121$66$25
45 years$619$364$206$112$60$22
46 years$599$348$193$104$54$19
47 years$579$332$181$96$49$17
48 years$561$317$170$88$45$15
49 years$543$302$160$82$41$13
50 years$526$289$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $539,000, adding $3,449 every year, while hoping to spend $25,705 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: 59/18/23 Blend
52$539,000$539,000$539,000$539,000
53$597,536$568,969$560,614$628,926
54$631,134$569,498$552,045$651,205
55$667,299$569,192$542,327$672,417
56$706,263$567,982$531,395$694,992
57$748,285$565,797$519,180$719,068
58$793,648$562,559$505,610$744,797
59$842,662$558,186$490,610$772,349
60$895,670$552,594$474,102$801,911
61$953,047$545,690$456,003$833,690
62$1,015,206$537,377$436,227$867,916
63$1,082,601$527,552$414,685$904,844
64$1,155,732$516,107$391,282$944,756
65$1,235,147$502,927$365,921$987,963
66$1,321,451$487,889$338,498$1,034,810
67$1,415,307$470,864$308,906$1,085,681
68$1,517,448$451,716$277,034$1,140,998
69$1,628,677$430,299$242,764$1,201,229
70$1,749,880$406,462$205,974$1,266,892
71$1,882,030$380,041$166,536$1,338,558
72$2,026,200$350,866$124,318$1,416,862
73$2,183,569$318,755$79,180$1,502,504
74$2,355,437$283,518$30,977$1,596,256
75$2,543,234$244,953$0$1,698,976
76$2,748,534$202,845$0$1,816,631
77$2,973,070$156,970$0$1,953,683
78$3,218,750$107,089$0$2,103,718
79$3,487,676$52,950$0$2,268,054
80$3,782,162$0$0$2,448,145
81$4,104,756$0$0$2,646,726
82$4,458,264$0$0$2,875,874
83$4,845,777$0$0$3,127,109
84$5,270,698$0$0$3,402,643
85$5,736,777$0$0$3,704,914
86$6,248,142$0$0$4,036,606
87$6,809,343$0$0$4,400,674
88$7,425,389$0$0$4,800,376
89$8,101,798$0$0$5,239,299
90$8,844,651$0$0$5,721,394
91$9,660,643$0$0$6,251,015
92$10,557,152$0$0$6,832,958
93$11,542,305$0$0$7,472,506
94$12,625,056$0$0$8,175,479
95$13,815,269$0$0$8,948,289
96$15,123,811$0$0$9,798,002
97$16,562,656$0$0$10,732,401
98$18,144,993$0$0$11,760,062
99$19,885,356$0$0$12,890,431
100$21,799,758$0$0$14,133,920