Can I retire at age 53 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$44,923$44,523$44,132$43,751$43,379$42,092
2 years$22,239$21,825$21,424$21,034$20,657$19,370
3 years$14,679$14,263$13,862$13,477$13,106$11,860
4 years$10,899$10,485$10,088$9,709$9,347$8,153
5 years$8,632$8,220$7,829$7,458$7,105$5,965
6 years$7,121$6,712$6,327$5,964$5,622$4,537
7 years$6,043$5,637$5,258$4,903$4,572$3,543
8 years$5,234$4,832$4,459$4,113$3,793$2,818
9 years$4,605$4,207$3,841$3,504$3,194$2,273
10 years$4,103$3,708$3,348$3,020$2,722$1,852
11 years$3,692$3,301$2,948$2,628$2,341$1,522
12 years$3,349$2,963$2,616$2,305$2,029$1,259
13 years$3,060$2,678$2,337$2,035$1,769$1,046
14 years$2,812$2,434$2,100$1,807$1,551$874
15 years$2,598$2,224$1,896$1,611$1,365$732
16 years$2,410$2,040$1,719$1,443$1,207$615
17 years$2,245$1,879$1,564$1,296$1,070$518
18 years$2,098$1,736$1,428$1,168$951$437
19 years$1,967$1,609$1,307$1,056$848$369
20 years$1,849$1,495$1,200$956$757$312
21 years$1,742$1,393$1,104$868$678$265
22 years$1,646$1,300$1,017$789$608$224
23 years$1,557$1,216$939$718$545$190
24 years$1,477$1,139$868$655$490$162
25 years$1,403$1,069$804$598$441$137
26 years$1,334$1,005$746$547$397$117
27 years$1,271$946$693$501$358$99
28 years$1,212$891$644$459$323$85
29 years$1,158$841$599$421$292$72
30 years$1,107$794$558$386$264$61
31 years$1,060$750$520$355$238$52
32 years$1,016$710$486$326$216$44
33 years$974$672$453$300$195$38
34 years$935$637$424$276$177$32
35 years$899$605$396$254$160$27
36 years$864$574$370$234$145$23
37 years$831$545$347$215$131$20
38 years$801$518$325$199$119$17
39 years$771$492$304$183$108$14
40 years$744$469$285$169$98$12
41 years$718$446$267$156$89$11
42 years$693$425$251$144$81$9
43 years$669$405$235$133$73$8
44 years$646$386$221$123$66$7
45 years$625$368$207$113$60$6
46 years$604$351$195$105$55$5
47 years$585$335$183$97$50$4
48 years$566$320$172$89$45$3
49 years$548$305$162$82$41$3
50 years$531$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $544,000, adding $6,557 every year, while hoping to spend $23,409 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: 48/26/26 Blend
52$544,000$544,000$544,000$544,000
53$606,252$577,420$568,988$630,585
54$643,182$580,806$563,142$651,702
55$683,095$583,574$556,315$671,790
56$726,270$585,668$548,451$693,143
57$773,014$587,030$539,489$715,891
58$823,665$587,598$529,365$740,178
59$878,594$587,306$518,014$766,166
60$938,209$586,083$505,366$794,033
61$1,002,960$583,855$491,350$823,976
62$1,073,341$580,542$475,889$856,215
63$1,149,896$576,063$458,905$890,995
64$1,233,222$570,326$440,314$928,584
65$1,323,977$563,239$420,032$969,282
66$1,422,885$554,700$397,966$1,013,420
67$1,530,744$544,605$374,022$1,061,366
68$1,648,431$532,842$348,102$1,113,527
69$1,776,910$519,290$320,103$1,170,353
70$1,917,245$503,825$289,917$1,232,343
71$2,070,605$486,314$257,430$1,300,050
72$2,238,279$466,616$222,526$1,374,085
73$2,421,685$444,581$185,082$1,455,124
74$2,622,383$420,052$144,969$1,543,916
75$2,842,094$392,862$102,053$1,641,290
76$3,082,711$362,836$56,195$1,748,160
77$3,346,318$329,785$7,248$1,865,541
78$3,635,212$293,514$0$1,994,551
79$3,951,922$253,815$0$2,148,909
80$4,299,232$210,466$0$2,320,462
81$4,680,211$163,236$0$2,508,755
82$5,098,237$111,879$0$2,715,507
83$5,557,033$56,136$0$2,942,618
84$6,060,696$0$0$3,192,179
85$6,613,744$0$0$3,467,721
86$7,221,151$0$0$3,788,049
87$7,888,397$0$0$4,139,998
88$8,621,519$0$0$4,526,762
89$9,427,167$0$0$4,951,856
90$10,312,668$0$0$5,419,157
91$11,286,093$0$0$5,932,931
92$12,356,337$0$0$6,497,883
93$13,533,196$0$0$7,119,193
94$14,827,464$0$0$7,802,571
95$16,251,036$0$0$8,554,305
96$17,817,013$0$0$9,381,327
97$19,539,834$0$0$10,291,271
98$21,435,405$0$0$11,292,550
99$23,521,254$0$0$12,394,434
100$25,816,692$0$0$13,607,136