Can I retire at age 53 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$44,758$44,359$43,970$43,591$43,220$41,637
2 years$22,157$21,745$21,345$20,957$20,581$19,004
3 years$14,625$14,210$13,811$13,427$13,057$11,535
4 years$10,859$10,446$10,051$9,674$9,313$7,858
5 years$8,601$8,190$7,800$7,430$7,079$5,695
6 years$7,095$6,688$6,304$5,942$5,602$4,289
7 years$6,020$5,616$5,238$4,885$4,556$3,315
8 years$5,215$4,814$4,443$4,098$3,779$2,609
9 years$4,588$4,192$3,826$3,491$3,183$2,081
10 years$4,088$3,695$3,336$3,009$2,712$1,677
11 years$3,678$3,289$2,937$2,619$2,332$1,362
12 years$3,337$2,952$2,606$2,297$2,021$1,113
13 years$3,049$2,668$2,329$2,028$1,762$914
14 years$2,802$2,425$2,092$1,800$1,545$753
15 years$2,588$2,215$1,889$1,605$1,360$623
16 years$2,401$2,033$1,713$1,437$1,202$517
17 years$2,237$1,872$1,559$1,292$1,066$429
18 years$2,090$1,730$1,423$1,164$948$357
19 years$1,960$1,603$1,302$1,052$845$298
20 years$1,842$1,490$1,195$953$755$249
21 years$1,736$1,388$1,099$864$675$208
22 years$1,640$1,295$1,013$786$605$174
23 years$1,552$1,211$936$716$543$145
24 years$1,471$1,135$865$653$488$122
25 years$1,397$1,065$801$596$439$102
26 years$1,329$1,001$743$545$396$85
27 years$1,266$942$690$499$357$72
28 years$1,208$888$642$457$322$60
29 years$1,154$837$597$419$291$50
30 years$1,103$791$556$385$263$42
31 years$1,056$748$519$353$238$35
32 years$1,012$707$484$325$215$30
33 years$971$670$452$299$194$25
34 years$932$635$422$275$176$21
35 years$895$602$395$253$159$18
36 years$861$572$369$233$144$15
37 years$828$543$345$215$131$12
38 years$798$516$324$198$119$10
39 years$769$491$303$182$108$9
40 years$741$467$284$168$98$7
41 years$715$444$266$155$89$6
42 years$690$423$250$143$80$5
43 years$666$403$234$132$73$4
44 years$644$384$220$122$66$4
45 years$623$367$207$113$60$3
46 years$602$350$194$104$55$3
47 years$583$334$182$96$50$2
48 years$564$319$171$89$45$2
49 years$546$304$161$82$41$2
50 years$529$291$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $542,000, adding $3,585 every year, while hoping to spend $25,299 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: 55/23/22 Blend
52$542,000$542,000$542,000$542,000
53$600,982$572,256$563,855$630,251
54$635,364$573,379$555,826$651,823
55$672,405$573,708$546,680$672,337
56$712,350$573,179$536,354$694,138
57$755,467$571,723$524,779$717,355
58$802,052$569,264$511,886$742,135
59$852,428$565,725$497,601$768,638
60$906,952$561,022$481,847$797,042
61$966,017$555,067$464,544$827,547
62$1,030,052$547,767$445,608$860,371
63$1,099,533$539,023$424,952$895,758
64$1,174,979$528,729$402,482$933,977
65$1,256,965$516,775$378,103$975,328
66$1,346,121$503,043$351,715$1,020,141
67$1,443,141$487,407$323,212$1,068,784
68$1,548,787$469,736$292,486$1,121,661
69$1,663,901$449,890$259,421$1,179,223
70$1,789,406$427,722$223,899$1,241,968
71$1,926,319$403,075$185,794$1,310,445
72$2,075,762$375,783$144,976$1,385,263
73$2,238,965$345,672$101,309$1,467,098
74$2,417,287$312,558$54,650$1,556,695
75$2,612,221$276,244$4,851$1,654,878
76$2,825,412$236,524$0$1,762,560
77$3,058,671$193,181$0$1,892,085
78$3,313,992$145,983$0$2,035,183
79$3,593,571$94,688$0$2,191,988
80$3,899,826$39,038$0$2,363,901
81$4,235,419$0$0$2,552,472
82$4,603,285$0$0$2,764,783
83$5,006,651$0$0$3,008,468
84$5,449,077$0$0$3,275,801
85$5,934,481$0$0$3,569,157
86$6,467,178$0$0$3,891,151
87$7,051,922$0$0$4,244,664
88$7,693,951$0$0$4,632,868
89$8,399,032$0$0$5,059,259
90$9,173,522$0$0$5,527,688
91$10,024,420$0$0$6,042,398
92$10,959,438$0$0$6,608,060
93$11,987,072$0$0$7,229,824
94$13,116,683$0$0$7,913,361
95$14,358,583$0$0$8,664,922
96$15,724,133$0$0$9,491,390
97$17,225,849$0$0$10,400,352
98$18,877,522$0$0$11,400,164
99$20,694,348$0$0$12,500,034
100$22,693,066$0$0$13,710,109