Can I retire at age 53 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$45,006$44,605$44,214$43,832$43,459$42,495
2 years$22,280$21,865$21,463$21,073$20,695$19,728
3 years$14,706$14,289$13,888$13,502$13,130$12,191
4 years$10,919$10,504$10,107$9,727$9,364$8,461
5 years$8,648$8,235$7,843$7,471$7,118$6,253
6 years$7,135$6,725$6,339$5,975$5,633$4,806
7 years$6,054$5,647$5,267$4,912$4,581$3,793
8 years$5,244$4,841$4,467$4,121$3,800$3,051
9 years$4,614$4,215$3,848$3,510$3,200$2,489
10 years$4,110$3,715$3,354$3,026$2,727$2,052
11 years$3,698$3,307$2,953$2,633$2,345$1,707
12 years$3,356$2,969$2,621$2,310$2,032$1,430
13 years$3,066$2,683$2,342$2,039$1,772$1,204
14 years$2,817$2,438$2,104$1,810$1,553$1,018
15 years$2,602$2,228$1,900$1,614$1,368$864
16 years$2,415$2,044$1,722$1,445$1,209$736
17 years$2,249$1,882$1,567$1,299$1,072$628
18 years$2,102$1,739$1,431$1,170$953$538
19 years$1,970$1,612$1,310$1,058$849$461
20 years$1,852$1,498$1,202$958$759$396
21 years$1,746$1,395$1,106$869$679$340
22 years$1,649$1,302$1,019$790$609$293
23 years$1,560$1,218$941$720$546$252
24 years$1,479$1,141$870$657$491$217
25 years$1,405$1,071$806$600$442$187
26 years$1,337$1,007$747$548$398$162
27 years$1,273$947$694$502$359$140
28 years$1,215$893$645$460$324$121
29 years$1,160$842$600$422$292$104
30 years$1,109$795$559$387$264$90
31 years$1,062$752$521$355$239$78
32 years$1,018$711$486$327$216$68
33 years$976$674$454$300$196$58
34 years$937$639$424$276$177$51
35 years$900$606$397$254$160$44
36 years$866$575$371$234$145$38
37 years$833$546$347$216$132$33
38 years$802$519$325$199$119$28
39 years$773$493$305$183$108$25
40 years$745$469$286$169$98$21
41 years$719$447$268$156$89$18
42 years$694$426$251$144$81$16
43 years$670$405$236$133$73$14
44 years$648$386$221$123$67$12
45 years$626$369$208$113$60$10
46 years$605$352$195$105$55$9
47 years$586$336$183$97$50$8
48 years$567$320$172$89$45$7
49 years$549$306$162$83$41$6
50 years$532$292$152$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $545,000, adding $2,524 every year, while hoping to spend $22,258 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: 64/21/15 Blend
52$545,000$545,000$545,000$545,000
53$603,194$574,309$565,861$639,448
54$641,037$578,767$561,135$668,506
55$681,994$582,699$555,505$697,446
56$726,360$586,053$548,916$728,515
57$774,457$588,778$541,313$761,923
58$826,641$590,818$532,637$797,898
59$883,304$592,113$522,826$836,693
60$944,875$592,601$511,814$878,589
61$1,011,828$592,214$499,536$923,893
62$1,084,683$590,881$485,919$972,946
63$1,164,013$588,526$470,890$1,026,125
64$1,250,449$585,071$454,371$1,083,843
65$1,344,684$580,428$436,281$1,146,560
66$1,447,481$574,509$416,536$1,214,781
67$1,559,682$567,217$395,048$1,289,064
68$1,682,210$558,452$371,723$1,370,024
69$1,816,085$548,106$346,465$1,458,341
70$1,962,428$536,064$319,173$1,554,765
71$2,122,471$522,208$289,742$1,660,125
72$2,297,576$506,408$258,061$1,775,332
73$2,489,237$488,531$224,014$1,901,396
74$2,699,103$468,433$187,483$2,039,428
75$2,928,989$445,963$148,340$2,190,655
76$3,180,891$420,961$106,455$2,356,432
77$3,457,012$393,258$61,692$2,538,251
78$3,759,775$362,675$13,906$2,737,761
79$4,091,849$329,023$0$2,956,781
80$4,456,175$292,103$0$3,203,251
81$4,855,992$251,703$0$3,476,209
82$5,294,866$207,599$0$3,775,895
83$5,776,728$159,557$0$4,105,026
84$6,305,906$107,327$0$4,466,603
85$6,887,168$50,646$0$4,863,928
86$7,525,768$0$0$5,300,647
87$8,227,493$0$0$5,783,263
88$8,998,717$0$0$6,326,581
89$9,846,466$0$0$6,923,849
90$10,778,475$0$0$7,580,526
91$11,803,272$0$0$8,302,623
92$12,930,247$0$0$9,096,764
93$14,169,750$0$0$9,970,246
94$15,533,181$0$0$10,931,110
95$17,033,104$0$0$11,988,215
96$18,683,357$0$0$13,151,321
97$20,499,192$0$0$14,431,185
98$22,497,412$0$0$15,839,655
99$24,696,530$0$0$17,389,788
100$27,116,946$0$0$19,095,971