Can I retire at age 53 with 540,000?

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 $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%11.4%
1 years$44,593$44,195$43,808$43,430$43,060$42,807
2 years$22,076$21,664$21,266$20,880$20,505$20,249
3 years$14,571$14,158$13,761$13,378$13,009$12,759
4 years$10,819$10,408$10,014$9,638$9,278$9,036
5 years$8,569$8,160$7,771$7,403$7,053$6,819
6 years$7,069$6,663$6,280$5,920$5,581$5,355
7 years$5,998$5,596$5,219$4,867$4,539$4,322
8 years$5,195$4,796$4,426$4,083$3,765$3,557
9 years$4,571$4,176$3,812$3,478$3,171$2,972
10 years$4,072$3,681$3,324$2,998$2,702$2,511
11 years$3,665$3,277$2,926$2,609$2,324$2,141
12 years$3,325$2,941$2,597$2,289$2,014$1,840
13 years$3,038$2,658$2,320$2,020$1,756$1,590
14 years$2,792$2,416$2,085$1,794$1,539$1,381
15 years$2,579$2,207$1,882$1,599$1,355$1,205
16 years$2,392$2,025$1,706$1,432$1,198$1,055
17 years$2,228$1,865$1,553$1,287$1,062$927
18 years$2,083$1,723$1,417$1,160$944$816
19 years$1,952$1,597$1,298$1,048$842$720
20 years$1,835$1,484$1,191$949$752$637
21 years$1,730$1,382$1,095$861$673$564
22 years$1,633$1,290$1,010$783$603$500
23 years$1,546$1,207$932$713$541$445
24 years$1,466$1,131$862$650$487$395
25 years$1,392$1,061$798$594$438$352
26 years$1,324$997$741$543$394$314
27 years$1,262$939$688$497$356$280
28 years$1,204$884$639$456$321$250
29 years$1,150$834$595$418$290$223
30 years$1,099$788$554$383$262$199
31 years$1,052$745$517$352$237$178
32 years$1,008$705$482$324$214$159
33 years$967$668$450$298$194$142
34 years$928$633$420$274$175$128
35 years$892$600$393$252$159$114
36 years$858$570$368$232$144$102
37 years$825$541$344$214$130$92
38 years$795$514$322$197$118$82
39 years$766$489$302$182$107$74
40 years$738$465$283$168$97$66
41 years$712$443$265$155$88$59
42 years$687$422$249$143$80$53
43 years$664$402$234$132$73$47
44 years$642$383$219$122$66$43
45 years$620$365$206$112$60$38
46 years$600$348$193$104$54$34
47 years$581$332$182$96$49$31
48 years$562$317$171$89$45$28
49 years$544$303$160$82$41$25
50 years$527$289$151$76$37$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $540,000, adding $2,294 every year, while hoping to spend $34,635 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: 42/33/25 Blend
52$540,000$540,000$540,000$540,000
53$597,446$568,826$560,456$618,081
54$621,534$559,847$542,380$624,094
55$646,919$549,268$522,538$627,132
56$673,695$536,972$500,833$629,742
57$701,967$522,839$477,166$631,903
58$731,849$506,740$451,433$633,597
59$763,465$488,537$423,523$634,806
60$796,950$468,087$393,323$635,514
61$832,452$445,237$360,712$635,704
62$870,133$419,824$325,567$635,364
63$910,170$391,679$287,757$634,483
64$952,757$360,620$247,146$633,052
65$998,104$326,457$203,591$631,068
66$1,046,444$288,986$156,945$628,528
67$1,098,030$247,996$107,051$625,436
68$1,153,141$203,259$53,749$621,803
69$1,212,081$154,539$0$617,641
70$1,275,184$101,582$0$613,811
71$1,342,817$44,124$0$624,860
72$1,415,383$0$0$636,525
73$1,493,321$0$0$655,485
74$1,577,117$0$0$693,145
75$1,667,301$0$0$733,726
76$1,764,457$0$0$777,498
77$1,869,227$0$0$824,756
78$1,982,314$0$0$875,825
79$2,104,493$0$0$931,061
80$2,236,613$0$0$990,858
81$2,379,610$0$0$1,055,646
82$2,534,510$0$0$1,125,899
83$2,702,444$0$0$1,202,140
84$2,884,654$0$0$1,284,941
85$3,082,506$0$0$1,374,934
86$3,297,502$0$0$1,472,812
87$3,531,297$0$0$1,579,339
88$3,785,708$0$0$1,695,356
89$4,062,737$0$0$1,821,786
90$4,364,587$0$0$1,959,648
91$4,693,679$0$0$2,110,061
92$5,052,682$0$0$2,274,257
93$5,444,531$0$0$2,453,594
94$5,872,457$0$0$2,649,565
95$6,340,018$0$0$2,863,816
96$6,851,131$0$0$3,098,155
97$7,410,106$0$0$3,354,577
98$8,021,693$0$0$3,635,278
99$8,691,117$0$0$3,942,673
100$9,424,136$0$0$4,279,426