Can I retire at age 53 with 545,000?

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 $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%16%
1 years$45,006$44,605$44,214$43,832$43,459$42,391
2 years$22,280$21,865$21,463$21,073$20,695$19,626
3 years$14,706$14,289$13,888$13,502$13,130$12,092
4 years$10,919$10,504$10,107$9,727$9,364$8,367
5 years$8,648$8,235$7,843$7,471$7,118$6,164
6 years$7,135$6,725$6,339$5,975$5,633$4,722
7 years$6,054$5,647$5,267$4,912$4,581$3,714
8 years$5,244$4,841$4,467$4,121$3,800$2,977
9 years$4,614$4,215$3,848$3,510$3,200$2,420
10 years$4,110$3,715$3,354$3,026$2,727$1,988
11 years$3,698$3,307$2,953$2,633$2,345$1,647
12 years$3,356$2,969$2,621$2,310$2,032$1,374
13 years$3,066$2,683$2,342$2,039$1,772$1,152
14 years$2,817$2,438$2,104$1,810$1,553$971
15 years$2,602$2,228$1,900$1,614$1,368$821
16 years$2,415$2,044$1,722$1,445$1,209$696
17 years$2,249$1,882$1,567$1,299$1,072$591
18 years$2,102$1,739$1,431$1,170$953$504
19 years$1,970$1,612$1,310$1,058$849$430
20 years$1,852$1,498$1,202$958$759$367
21 years$1,746$1,395$1,106$869$679$314
22 years$1,649$1,302$1,019$790$609$269
23 years$1,560$1,218$941$720$546$231
24 years$1,479$1,141$870$657$491$198
25 years$1,405$1,071$806$600$442$170
26 years$1,337$1,007$747$548$398$146
27 years$1,273$947$694$502$359$126
28 years$1,215$893$645$460$324$108
29 years$1,160$842$600$422$292$93
30 years$1,109$795$559$387$264$80
31 years$1,062$752$521$355$239$69
32 years$1,018$711$486$327$216$59
33 years$976$674$454$300$196$51
34 years$937$639$424$276$177$44
35 years$900$606$397$254$160$38
36 years$866$575$371$234$145$33
37 years$833$546$347$216$132$28
38 years$802$519$325$199$119$24
39 years$773$493$305$183$108$21
40 years$745$469$286$169$98$18
41 years$719$447$268$156$89$15
42 years$694$426$251$144$81$13
43 years$670$405$236$133$73$11
44 years$648$386$221$123$67$10
45 years$626$369$208$113$60$9
46 years$605$352$195$105$55$7
47 years$586$336$183$97$50$6
48 years$567$320$172$89$45$5
49 years$549$306$162$83$41$5
50 years$532$292$152$76$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $545,000, adding $2,815 every year, while hoping to spend $38,279 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: 62/8/30 Blend
52$545,000$545,000$545,000$545,000
53$603,494$574,609$566,161$635,866
54$624,321$562,036$544,399$645,663
55$645,991$547,564$520,625$651,982
56$668,547$531,060$494,731$658,082
57$692,039$512,382$466,604$663,950
58$716,519$491,381$436,128$669,572
59$742,043$467,898$403,178$674,937
60$768,673$441,767$367,626$680,031
61$796,474$412,809$329,337$684,844
62$825,517$380,839$288,172$689,364
63$855,877$345,658$243,984$693,581
64$887,638$307,057$196,619$697,488
65$920,890$264,815$145,918$701,077
66$955,729$218,699$91,714$704,344
67$992,259$168,462$33,833$707,285
68$1,030,596$113,843$0$709,900
69$1,070,863$54,567$0$721,135
70$1,113,194$0$0$744,192
71$1,157,735$0$0$769,153
72$1,204,646$0$0$800,516
73$1,254,100$0$0$833,595
74$1,306,286$0$0$868,518
75$1,361,409$0$0$905,424
76$1,419,693$0$0$944,467
77$1,481,385$0$0$985,813
78$1,546,750$0$0$1,029,644
79$1,616,083$0$0$1,076,159
80$1,689,701$0$0$1,125,576
81$1,767,956$0$0$1,178,132
82$1,851,228$0$0$1,234,088
83$1,939,936$0$0$1,293,729
84$2,034,539$0$0$1,357,367
85$2,135,539$0$0$1,425,343
86$2,243,485$0$0$1,498,033
87$2,358,980$0$0$1,575,848
88$2,482,686$0$0$1,659,238
89$2,615,326$0$0$1,748,697
90$2,757,698$0$0$1,844,767
91$2,910,673$0$0$1,948,045
92$3,075,210$0$0$2,059,183
93$3,252,361$0$0$2,178,898
94$3,443,280$0$0$2,307,980
95$3,649,237$0$0$2,447,293
96$3,871,627$0$0$2,597,789
97$4,111,980$0$0$2,760,513
98$4,371,981$0$0$2,936,614
99$4,653,481$0$0$3,127,355
100$4,958,513$0$0$3,334,125