Can I retire at age 53 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$45,253$44,850$44,457$44,073$43,698$43,134
2 years$22,403$21,985$21,581$21,189$20,809$20,241
3 years$14,787$14,368$13,964$13,576$13,202$12,649
4 years$10,980$10,562$10,162$9,781$9,416$8,881
5 years$8,696$8,281$7,887$7,513$7,158$6,643
6 years$7,174$6,762$6,373$6,008$5,664$5,170
7 years$6,087$5,678$5,296$4,939$4,606$4,133
8 years$5,272$4,867$4,492$4,144$3,821$3,369
9 years$4,639$4,238$3,869$3,529$3,218$2,786
10 years$4,133$3,736$3,373$3,042$2,742$2,330
11 years$3,719$3,326$2,969$2,648$2,358$1,967
12 years$3,374$2,985$2,635$2,322$2,043$1,671
13 years$3,083$2,697$2,354$2,050$1,782$1,429
14 years$2,833$2,452$2,115$1,820$1,562$1,227
15 years$2,617$2,240$1,910$1,623$1,375$1,059
16 years$2,428$2,055$1,732$1,453$1,216$916
17 years$2,261$1,893$1,576$1,306$1,078$795
18 years$2,113$1,749$1,438$1,177$958$692
19 years$1,981$1,621$1,317$1,063$854$603
20 years$1,862$1,506$1,209$963$763$527
21 years$1,755$1,403$1,112$874$683$461
22 years$1,658$1,310$1,025$795$612$404
23 years$1,569$1,225$946$724$549$354
24 years$1,488$1,148$875$660$494$311
25 years$1,413$1,077$810$603$444$273
26 years$1,344$1,012$752$551$400$240
27 years$1,280$953$698$505$361$211
28 years$1,221$898$649$462$326$186
29 years$1,167$847$604$424$294$164
30 years$1,115$800$562$389$266$144
31 years$1,068$756$524$357$240$127
32 years$1,023$715$489$328$217$112
33 years$981$677$457$302$197$99
34 years$942$642$427$278$178$87
35 years$905$609$399$256$161$77
36 years$870$578$373$236$146$68
37 years$837$549$349$217$132$60
38 years$806$522$327$200$120$53
39 years$777$496$306$184$109$47
40 years$749$472$287$170$99$41
41 years$723$449$269$157$90$37
42 years$698$428$253$145$81$32
43 years$674$408$237$134$74$29
44 years$651$389$223$123$67$25
45 years$629$371$209$114$61$22
46 years$609$354$196$105$55$20
47 years$589$337$184$97$50$17
48 years$570$322$173$90$46$15
49 years$552$308$163$83$41$14
50 years$535$294$153$77$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $548,000, adding $5,515 every year, while hoping to spend $28,118 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: 66/5/29 Blend
52$548,000$548,000$548,000$548,000
53$609,585$580,541$572,047$644,811
54$641,845$579,070$561,293$667,805
55$676,453$576,585$549,237$689,307
56$713,620$573,005$535,804$712,203
57$753,575$568,248$520,919$736,632
58$796,570$562,224$504,501$762,749
59$842,885$554,837$486,466$790,726
60$892,823$545,988$466,727$820,754
61$946,720$535,570$445,191$853,044
62$1,004,943$523,471$421,762$887,827
63$1,067,897$509,571$396,342$925,363
64$1,136,027$493,744$368,823$965,937
65$1,209,821$475,856$339,098$1,009,863
66$1,289,816$455,767$307,051$1,057,492
67$1,376,604$433,326$272,564$1,109,210
68$1,470,833$408,375$235,511$1,165,443
69$1,573,220$380,746$195,761$1,226,663
70$1,684,548$350,263$153,180$1,293,393
71$1,805,685$316,739$107,624$1,366,209
72$1,937,581$279,975$58,945$1,445,749
73$2,081,283$239,763$6,989$1,532,716
74$2,237,944$195,881$0$1,627,889
75$2,408,832$148,097$0$1,747,122
76$2,595,344$96,165$0$1,879,654
77$2,799,014$39,822$0$2,024,422
78$3,021,537$0$0$2,182,642
79$3,264,772$0$0$2,356,820
80$3,530,771$0$0$2,549,729
81$3,821,792$0$0$2,760,819
82$4,140,319$0$0$2,991,896
83$4,489,091$0$0$3,244,952
84$4,871,120$0$0$3,522,178
85$5,289,727$0$0$3,825,988
86$5,748,567$0$0$4,159,039
87$6,251,667$0$0$4,524,260
88$6,803,460$0$0$4,924,875
89$7,408,831$0$0$5,364,436
90$8,073,159$0$0$5,846,855
91$8,802,370$0$0$6,376,440
92$9,602,993$0$0$6,957,939
93$10,482,216$0$0$7,596,580
94$11,447,961$0$0$8,298,125
95$12,508,954$0$0$9,068,918
96$13,674,807$0$0$9,915,949
97$14,956,110$0$0$10,846,921
98$16,364,530$0$0$11,870,318
99$17,912,920$0$0$12,995,487
100$19,615,441$0$0$14,232,727