Can I retire at age 53 with 549,000?

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 $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%11.7%
1 years$45,336$44,932$44,538$44,154$43,778$43,466
2 years$22,444$22,026$21,620$21,228$20,847$20,532
3 years$14,814$14,394$13,990$13,601$13,226$12,918
4 years$11,000$10,581$10,181$9,799$9,433$9,135
5 years$8,712$8,296$7,901$7,526$7,171$6,883
6 years$7,187$6,774$6,385$6,019$5,674$5,397
7 years$6,098$5,689$5,306$4,948$4,614$4,348
8 years$5,282$4,876$4,500$4,151$3,828$3,573
9 years$4,648$4,246$3,876$3,536$3,224$2,979
10 years$4,140$3,742$3,379$3,048$2,747$2,513
11 years$3,726$3,332$2,975$2,653$2,362$2,139
12 years$3,380$2,990$2,640$2,327$2,047$1,834
13 years$3,088$2,702$2,359$2,054$1,785$1,582
14 years$2,838$2,456$2,119$1,823$1,565$1,372
15 years$2,622$2,244$1,913$1,626$1,378$1,194
16 years$2,432$2,059$1,735$1,456$1,218$1,044
17 years$2,265$1,896$1,579$1,308$1,080$915
18 years$2,117$1,752$1,441$1,179$960$804
19 years$1,985$1,624$1,319$1,065$856$708
20 years$1,866$1,509$1,211$965$764$625
21 years$1,758$1,405$1,114$876$684$552
22 years$1,661$1,312$1,026$796$613$489
23 years$1,572$1,227$948$725$550$433
24 years$1,490$1,150$876$661$495$384
25 years$1,415$1,079$812$604$445$341
26 years$1,346$1,014$753$552$401$303
27 years$1,283$954$699$505$362$270
28 years$1,224$899$650$463$326$240
29 years$1,169$848$605$425$295$214
30 years$1,118$801$563$390$266$191
31 years$1,070$757$525$358$241$170
32 years$1,025$717$490$329$218$152
33 years$983$679$458$303$197$136
34 years$944$643$427$278$178$121
35 years$907$610$400$256$162$108
36 years$872$579$374$236$146$97
37 years$839$550$350$217$133$86
38 years$808$523$328$200$120$77
39 years$778$497$307$185$109$69
40 years$751$473$288$170$99$62
41 years$724$450$270$157$90$55
42 years$699$429$253$145$81$49
43 years$675$408$238$134$74$44
44 years$652$389$223$124$67$39
45 years$631$371$209$114$61$35
46 years$610$354$197$106$55$32
47 years$590$338$185$97$50$28
48 years$571$323$174$90$46$25
49 years$553$308$163$83$41$23
50 years$536$294$153$77$38$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $549,000, adding $2,102 every year, while hoping to spend $32,899 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: 68/7/25 Blend
52$549,000$549,000$549,000$549,000
53$607,166$578,069$569,560$644,418
54$634,093$571,390$553,636$663,008
55$662,663$563,282$536,076$679,374
56$693,011$553,638$516,790$696,517
57$725,280$542,349$495,685$714,512
58$759,631$529,296$472,663$733,444
59$796,238$514,356$447,621$753,410
60$835,291$497,396$420,453$774,514
61$876,999$478,277$391,046$796,874
62$921,591$456,851$359,285$820,621
63$969,318$432,961$325,046$845,900
64$1,020,457$406,444$288,203$872,873
65$1,075,307$377,124$248,621$901,718
66$1,134,202$344,816$206,163$932,635
67$1,197,503$309,325$160,683$965,843
68$1,265,612$270,445$112,029$1,001,589
69$1,338,965$227,958$60,043$1,040,144
70$1,418,045$181,633$4,559$1,081,808
71$1,503,379$131,227$0$1,126,916
72$1,595,550$76,483$0$1,190,417
73$1,695,195$17,130$0$1,260,387
74$1,803,016$0$0$1,336,114
75$1,919,785$0$0$1,421,782
76$2,046,349$0$0$1,516,094
77$2,183,641$0$0$1,618,429
78$2,332,687$0$0$1,729,554
79$2,494,614$0$0$1,850,314
80$2,670,664$0$0$1,981,638
81$2,862,201$0$0$2,124,550
82$3,070,728$0$0$2,280,173
83$3,297,896$0$0$2,449,745
84$3,545,526$0$0$2,634,629
85$3,815,618$0$0$2,836,325
86$4,110,375$0$0$3,056,481
87$4,432,222$0$0$3,296,915
88$4,783,830$0$0$3,559,627
89$5,168,137$0$0$3,846,818
90$5,588,378$0$0$4,160,911
91$6,048,116$0$0$4,504,577
92$6,551,274$0$0$4,880,752
93$7,102,170$0$0$5,292,674
94$7,705,562$0$0$5,743,906
95$8,366,688$0$0$6,238,371
96$9,091,316$0$0$6,780,393
97$9,885,800$0$0$7,374,730
98$10,757,137$0$0$8,026,626
99$11,713,034$0$0$8,741,856
100$12,761,981$0$0$9,526,779