Can I retire at age 53 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$45,171$44,768$44,376$43,993$43,619$42,564
2 years$22,362$21,945$21,542$21,150$20,771$19,715
3 years$14,760$14,341$13,939$13,551$13,178$12,153
4 years$10,959$10,543$10,144$9,763$9,399$8,413
5 years$8,680$8,265$7,872$7,499$7,145$6,201
6 years$7,161$6,749$6,362$5,997$5,653$4,753
7 years$6,076$5,668$5,287$4,930$4,598$3,741
8 years$5,263$4,859$4,484$4,136$3,814$3,000
9 years$4,631$4,230$3,862$3,523$3,212$2,440
10 years$4,125$3,729$3,367$3,037$2,737$2,006
11 years$3,712$3,320$2,964$2,643$2,354$1,663
12 years$3,368$2,979$2,630$2,318$2,040$1,388
13 years$3,077$2,693$2,350$2,047$1,779$1,165
14 years$2,828$2,447$2,112$1,817$1,559$982
15 years$2,612$2,236$1,907$1,620$1,373$831
16 years$2,423$2,051$1,729$1,451$1,213$705
17 years$2,257$1,889$1,573$1,303$1,076$600
18 years$2,110$1,746$1,436$1,175$957$511
19 years$1,978$1,618$1,314$1,061$853$437
20 years$1,859$1,503$1,206$961$762$373
21 years$1,752$1,400$1,110$872$682$320
22 years$1,655$1,307$1,023$793$611$274
23 years$1,566$1,223$944$722$548$235
24 years$1,485$1,145$873$659$493$202
25 years$1,410$1,075$809$602$444$174
26 years$1,342$1,010$750$550$400$149
27 years$1,278$951$697$504$360$128
28 years$1,219$896$648$461$325$110
29 years$1,164$845$603$423$293$95
30 years$1,113$798$561$388$265$82
31 years$1,066$755$523$357$240$71
32 years$1,021$714$488$328$217$61
33 years$980$676$456$301$196$52
34 years$940$641$426$277$178$45
35 years$904$608$398$255$161$39
36 years$869$577$373$235$146$34
37 years$836$548$349$217$132$29
38 years$805$521$327$200$120$25
39 years$776$495$306$184$109$22
40 years$748$471$287$170$99$19
41 years$721$448$269$157$89$16
42 years$696$427$252$145$81$14
43 years$673$407$237$133$74$12
44 years$650$388$222$123$67$10
45 years$628$370$209$114$61$9
46 years$608$353$196$105$55$8
47 years$588$337$184$97$50$7
48 years$569$321$173$90$45$6
49 years$551$307$163$83$41$5
50 years$534$293$153$77$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $547,000, adding $3,001 every year, while hoping to spend $39,424 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: 40/39/21 Blend
52$547,000$547,000$547,000$547,000
53$605,890$576,899$568,420$626,251
54$625,743$563,220$545,515$627,451
55$646,301$547,549$520,522$624,765
56$667,593$529,748$493,328$621,057
57$689,650$509,669$463,818$616,255
58$712,507$487,155$431,869$610,283
59$736,200$462,043$397,353$603,062
60$760,767$434,157$360,138$594,509
61$786,247$403,313$320,086$584,536
62$812,685$369,317$277,049$573,051
63$840,126$331,960$230,878$559,957
64$868,620$291,027$181,413$545,152
65$898,218$246,286$128,489$528,529
66$928,977$197,495$71,934$509,976
67$960,955$144,395$11,567$489,375
68$994,219$86,716$0$466,603
69$1,028,835$24,171$0$453,374
70$1,064,878$0$0$441,244
71$1,102,427$0$0$446,208
72$1,141,568$0$0$462,210
73$1,182,392$0$0$478,914
74$1,224,997$0$0$496,362
75$1,269,492$0$0$514,602
76$1,315,991$0$0$533,681
77$1,364,619$0$0$553,654
78$1,415,510$0$0$574,579
79$1,468,810$0$0$596,519
80$1,524,678$0$0$619,541
81$1,583,286$0$0$643,720
82$1,644,818$0$0$669,137
83$1,709,478$0$0$695,878
84$1,777,485$0$0$724,039
85$1,849,079$0$0$753,724
86$1,924,520$0$0$785,046
87$2,004,090$0$0$818,127
88$2,088,100$0$0$853,103
89$2,176,886$0$0$890,119
90$2,270,816$0$0$929,335
91$2,370,291$0$0$970,927
92$2,475,750$0$0$1,015,086
93$2,587,672$0$0$1,062,020
94$2,706,581$0$0$1,111,958
95$2,833,050$0$0$1,165,151
96$2,967,707$0$0$1,221,872
97$3,111,237$0$0$1,282,423
98$3,264,394$0$0$1,347,130
99$3,428,001$0$0$1,416,356
100$3,602,961$0$0$1,490,495