Can I retire at age 53 with 540,000?

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 $540,000?

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$44,593$44,195$43,808$43,430$43,060$42,088
2 years$22,076$21,664$21,266$20,880$20,505$19,530
3 years$14,571$14,158$13,761$13,378$13,009$12,063
4 years$10,819$10,408$10,014$9,638$9,278$8,368
5 years$8,569$8,160$7,771$7,403$7,053$6,181
6 years$7,069$6,663$6,280$5,920$5,581$4,748
7 years$5,998$5,596$5,219$4,867$4,539$3,745
8 years$5,195$4,796$4,426$4,083$3,765$3,010
9 years$4,571$4,176$3,812$3,478$3,171$2,454
10 years$4,072$3,681$3,324$2,998$2,702$2,023
11 years$3,665$3,277$2,926$2,609$2,324$1,681
12 years$3,325$2,941$2,597$2,289$2,014$1,407
13 years$3,038$2,658$2,320$2,020$1,756$1,184
14 years$2,792$2,416$2,085$1,794$1,539$1,001
15 years$2,579$2,207$1,882$1,599$1,355$849
16 years$2,392$2,025$1,706$1,432$1,198$722
17 years$2,228$1,865$1,553$1,287$1,062$616
18 years$2,083$1,723$1,417$1,160$944$527
19 years$1,952$1,597$1,298$1,048$842$451
20 years$1,835$1,484$1,191$949$752$387
21 years$1,730$1,382$1,095$861$673$333
22 years$1,633$1,290$1,010$783$603$286
23 years$1,546$1,207$932$713$541$246
24 years$1,466$1,131$862$650$487$212
25 years$1,392$1,061$798$594$438$183
26 years$1,324$997$741$543$394$158
27 years$1,262$939$688$497$356$136
28 years$1,204$884$639$456$321$117
29 years$1,150$834$595$418$290$101
30 years$1,099$788$554$383$262$88
31 years$1,052$745$517$352$237$76
32 years$1,008$705$482$324$214$65
33 years$967$668$450$298$194$57
34 years$928$633$420$274$175$49
35 years$892$600$393$252$159$42
36 years$858$570$368$232$144$37
37 years$825$541$344$214$130$32
38 years$795$514$322$197$118$27
39 years$766$489$302$182$107$24
40 years$738$465$283$168$97$21
41 years$712$443$265$155$88$18
42 years$687$422$249$143$80$15
43 years$664$402$234$132$73$13
44 years$642$383$219$122$66$12
45 years$620$365$206$112$60$10
46 years$600$348$193$104$54$9
47 years$581$332$182$96$49$7
48 years$562$317$171$89$45$6
49 years$544$303$160$82$41$6
50 years$527$289$151$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $540,000, adding $3,081 every year, while hoping to spend $37,642 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: 49/42/9 Blend
52$540,000$540,000$540,000$540,000
53$598,258$569,638$561,268$625,991
54$619,230$557,500$540,020$633,171
55$641,079$543,505$516,798$636,736
56$663,855$527,523$491,497$639,736
57$687,612$509,415$464,006$642,128
58$712,408$489,036$434,210$643,869
59$738,304$466,230$401,987$644,913
60$765,369$440,833$367,211$645,212
61$793,675$412,672$329,751$644,717
62$823,301$381,563$289,468$643,377
63$854,331$347,314$246,219$641,139
64$886,859$309,718$199,854$637,950
65$920,985$268,560$150,215$633,753
66$956,816$223,611$97,138$628,491
67$994,472$174,629$40,453$622,106
68$1,034,081$121,358$0$614,538
69$1,075,783$63,530$0$607,651
70$1,119,729$859$0$603,731
71$1,166,085$0$0$598,844
72$1,215,032$0$0$623,895
73$1,266,767$0$0$650,816
74$1,321,505$0$0$679,327
75$1,379,480$0$0$709,554
76$1,440,949$0$0$741,632
77$1,506,192$0$0$775,714
78$1,575,514$0$0$811,963
79$1,649,252$0$0$850,558
80$1,727,772$0$0$891,697
81$1,811,475$0$0$935,595
82$1,900,802$0$0$982,489
83$1,996,233$0$0$1,032,636
84$2,098,297$0$0$1,086,322
85$2,207,572$0$0$1,143,857
86$2,324,694$0$0$1,205,583
87$2,450,359$0$0$1,271,874
88$2,585,330$0$0$1,343,141
89$2,730,448$0$0$1,419,835
90$2,886,632$0$0$1,502,453
91$3,054,893$0$0$1,591,538
92$3,236,343$0$0$1,687,689
93$3,432,201$0$0$1,791,563
94$3,643,808$0$0$1,903,881
95$3,872,636$0$0$2,025,437
96$4,120,306$0$0$2,157,104
97$4,388,596$0$0$2,299,840
98$4,679,465$0$0$2,454,701
99$4,995,064$0$0$2,622,847
100$5,337,761$0$0$2,805,553