Can I retire at age 53 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$45,336$44,932$44,538$44,154$43,778$43,285
2 years$22,444$22,026$21,620$21,228$20,847$20,350
3 years$14,814$14,394$13,990$13,601$13,226$12,742
4 years$11,000$10,581$10,181$9,799$9,433$8,964
5 years$8,712$8,296$7,901$7,526$7,171$6,719
6 years$7,187$6,774$6,385$6,019$5,674$5,240
7 years$6,098$5,689$5,306$4,948$4,614$4,199
8 years$5,282$4,876$4,500$4,151$3,828$3,430
9 years$4,648$4,246$3,876$3,536$3,224$2,844
10 years$4,140$3,742$3,379$3,048$2,747$2,384
11 years$3,726$3,332$2,975$2,653$2,362$2,017
12 years$3,380$2,990$2,640$2,327$2,047$1,719
13 years$3,088$2,702$2,359$2,054$1,785$1,473
14 years$2,838$2,456$2,119$1,823$1,565$1,269
15 years$2,622$2,244$1,913$1,626$1,378$1,097
16 years$2,432$2,059$1,735$1,456$1,218$952
17 years$2,265$1,896$1,579$1,308$1,080$829
18 years$2,117$1,752$1,441$1,179$960$723
19 years$1,985$1,624$1,319$1,065$856$632
20 years$1,866$1,509$1,211$965$764$554
21 years$1,758$1,405$1,114$876$684$486
22 years$1,661$1,312$1,026$796$613$427
23 years$1,572$1,227$948$725$550$375
24 years$1,490$1,150$876$661$495$331
25 years$1,415$1,079$812$604$445$291
26 years$1,346$1,014$753$552$401$257
27 years$1,283$954$699$505$362$227
28 years$1,224$899$650$463$326$200
29 years$1,169$848$605$425$295$177
30 years$1,118$801$563$390$266$157
31 years$1,070$757$525$358$241$138
32 years$1,025$717$490$329$218$123
33 years$983$679$458$303$197$108
34 years$944$643$427$278$178$96
35 years$907$610$400$256$162$85
36 years$872$579$374$236$146$75
37 years$839$550$350$217$133$67
38 years$808$523$328$200$120$59
39 years$778$497$307$185$109$52
40 years$751$473$288$170$99$46
41 years$724$450$270$157$90$41
42 years$699$429$253$145$81$36
43 years$675$408$238$134$74$32
44 years$652$389$223$124$67$29
45 years$631$371$209$114$61$25
46 years$610$354$197$106$55$23
47 years$590$338$185$97$50$20
48 years$571$323$174$90$46$18
49 years$553$308$163$83$41$16
50 years$536$294$153$77$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $549,000, adding $3,361 every year, while hoping to spend $25,113 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: 70/8/22 Blend
52$549,000$549,000$549,000$549,000
53$608,465$579,368$570,858$647,500
54$643,808$581,037$563,262$675,673
55$681,915$581,946$554,570$703,238
56$723,040$582,031$544,718$732,801
57$767,465$581,225$533,640$764,558
58$815,497$579,456$521,268$798,725
59$867,476$576,648$507,529$835,540
60$923,774$572,718$492,346$875,268
61$984,800$567,583$475,641$918,198
62$1,051,005$561,150$457,330$964,652
63$1,122,884$553,323$437,328$1,014,984
64$1,200,982$544,000$415,542$1,069,585
65$1,285,899$533,072$391,879$1,128,887
66$1,378,293$520,425$366,240$1,193,367
67$1,478,890$505,938$338,520$1,263,550
68$1,588,489$489,480$308,612$1,340,017
69$1,707,967$470,917$276,403$1,423,409
70$1,838,292$450,104$241,774$1,514,432
71$1,980,527$426,889$204,604$1,613,867
72$2,135,845$401,110$164,761$1,722,575
73$2,305,533$372,597$122,114$1,841,505
74$2,491,013$341,170$76,520$1,971,705
75$2,693,847$306,637$27,834$2,114,333
76$2,915,755$268,799$0$2,270,663
77$3,158,633$227,441$0$2,447,767
78$3,424,567$182,338$0$2,648,875
79$3,715,854$133,254$0$2,869,198
80$4,035,025$79,937$0$3,110,668
81$4,384,866$22,123$0$3,375,411
82$4,768,446$0$0$3,665,771
83$5,189,146$0$0$3,987,892
84$5,650,688$0$0$4,343,453
85$6,157,173$0$0$4,733,668
86$6,713,119$0$0$5,162,021
87$7,323,500$0$0$5,632,350
88$7,993,798$0$0$6,148,882
89$8,730,050$0$0$6,716,275
90$9,538,907$0$0$7,339,658
91$10,427,698$0$0$8,024,683
92$11,404,494$0$0$8,777,577
93$12,478,187$0$0$9,605,199
94$13,658,576$0$0$10,515,106
95$14,956,455$0$0$11,515,625
96$16,383,715$0$0$12,615,927
97$17,953,460$0$0$13,826,120
98$19,680,124$0$0$15,157,339
99$21,579,614$0$0$16,621,852
100$23,669,454$0$0$18,233,178