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%13.7%
1 years$45,171$44,768$44,376$43,993$43,619$42,949
2 years$22,362$21,945$21,542$21,150$20,771$20,098
3 years$14,760$14,341$13,939$13,551$13,178$12,522
4 years$10,959$10,543$10,144$9,763$9,399$8,766
5 years$8,680$8,265$7,872$7,499$7,145$6,536
6 years$7,161$6,749$6,362$5,997$5,653$5,070
7 years$6,076$5,668$5,287$4,930$4,598$4,040
8 years$5,263$4,859$4,484$4,136$3,814$3,282
9 years$4,631$4,230$3,862$3,523$3,212$2,704
10 years$4,125$3,729$3,367$3,037$2,737$2,254
11 years$3,712$3,320$2,964$2,643$2,354$1,895
12 years$3,368$2,979$2,630$2,318$2,040$1,604
13 years$3,077$2,693$2,350$2,047$1,779$1,366
14 years$2,828$2,447$2,112$1,817$1,559$1,169
15 years$2,612$2,236$1,907$1,620$1,373$1,004
16 years$2,423$2,051$1,729$1,451$1,213$865
17 years$2,257$1,889$1,573$1,303$1,076$748
18 years$2,110$1,746$1,436$1,175$957$648
19 years$1,978$1,618$1,314$1,061$853$562
20 years$1,859$1,503$1,206$961$762$489
21 years$1,752$1,400$1,110$872$682$426
22 years$1,655$1,307$1,023$793$611$371
23 years$1,566$1,223$944$722$548$324
24 years$1,485$1,145$873$659$493$283
25 years$1,410$1,075$809$602$444$247
26 years$1,342$1,010$750$550$400$217
27 years$1,278$951$697$504$360$190
28 years$1,219$896$648$461$325$166
29 years$1,164$845$603$423$293$146
30 years$1,113$798$561$388$265$128
31 years$1,066$755$523$357$240$112
32 years$1,021$714$488$328$217$98
33 years$980$676$456$301$196$86
34 years$940$641$426$277$178$76
35 years$904$608$398$255$161$67
36 years$869$577$373$235$146$58
37 years$836$548$349$217$132$51
38 years$805$521$327$200$120$45
39 years$776$495$306$184$109$40
40 years$748$471$287$170$99$35
41 years$721$448$269$157$89$31
42 years$696$427$252$145$81$27
43 years$673$407$237$133$74$24
44 years$650$388$222$123$67$21
45 years$628$370$209$114$61$18
46 years$608$353$196$105$55$16
47 years$588$337$184$97$50$14
48 years$569$321$173$90$45$12
49 years$551$307$163$83$41$11
50 years$534$293$153$77$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $547,000, adding $5,167 every year, while hoping to spend $20,559 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: 62/27/11 Blend
52$547,000$547,000$547,000$547,000
53$608,124$579,133$570,654$643,970
54$648,278$585,636$567,897$675,114
55$691,838$591,768$564,357$706,266
56$739,132$597,490$559,989$739,759
57$790,515$602,760$554,741$775,821
58$846,384$607,531$548,561$814,703
59$907,171$611,756$541,394$856,679
60$973,354$615,384$533,182$902,057
61$1,045,458$618,359$523,865$951,171
62$1,124,060$620,624$513,380$1,004,393
63$1,209,797$622,117$501,661$1,062,133
64$1,303,367$622,772$488,638$1,124,842
65$1,405,543$622,520$474,239$1,193,019
66$1,517,171$621,286$458,389$1,267,214
67$1,639,185$618,992$441,007$1,348,034
68$1,772,613$615,554$422,013$1,436,147
69$1,918,588$610,884$401,318$1,532,293
70$2,078,355$604,888$378,833$1,637,285
71$2,253,286$597,467$354,463$1,752,023
72$2,444,893$588,514$328,109$1,877,499
73$2,654,839$577,919$299,668$2,014,805
74$2,884,958$565,562$269,032$2,165,148
75$3,137,267$551,319$236,089$2,329,859
76$3,413,991$535,056$200,720$2,510,407
77$3,717,577$516,633$162,803$2,708,410
78$4,050,723$495,901$122,210$2,925,654
79$4,416,399$472,702$78,807$3,164,110
80$4,817,878$446,871$32,453$3,425,951
81$5,258,765$418,230$0$3,713,572
82$5,743,030$386,595$0$4,031,615
83$6,275,048$351,767$0$4,385,192
84$6,859,638$313,539$0$4,773,723
85$7,502,109$271,690$0$5,200,774
86$8,208,310$225,989$0$5,670,274
87$8,984,685$176,189$0$6,186,557
88$9,838,332$122,032$0$6,754,400
89$10,777,074$63,243$0$7,379,068
90$11,809,526$0$0$8,066,369
91$12,945,185$0$0$8,822,839
92$14,194,510$0$0$9,675,740
93$15,569,027$0$0$10,614,156
94$17,081,435$0$0$11,646,762
95$18,745,726$0$0$12,783,118
96$20,577,317$0$0$14,033,756
97$22,593,196$0$0$15,410,282
98$24,812,080$0$0$16,925,484
99$27,254,593$0$0$18,593,452
100$29,943,460$0$0$20,429,712