Can I retire at age 53 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$45,418$45,014$44,619$44,234$43,858$43,238
2 years$22,484$22,066$21,660$21,266$20,885$20,262
3 years$14,841$14,420$14,015$13,626$13,250$12,643
4 years$11,020$10,600$10,200$9,816$9,450$8,863
5 years$8,728$8,311$7,915$7,540$7,184$6,620
6 years$7,200$6,786$6,397$6,030$5,684$5,143
7 years$6,109$5,699$5,316$4,957$4,623$4,105
8 years$5,292$4,885$4,508$4,159$3,835$3,340
9 years$4,656$4,254$3,883$3,542$3,230$2,758
10 years$4,148$3,749$3,385$3,053$2,752$2,302
11 years$3,732$3,338$2,980$2,657$2,367$1,939
12 years$3,386$2,996$2,645$2,331$2,051$1,645
13 years$3,094$2,707$2,363$2,058$1,788$1,403
14 years$2,843$2,461$2,123$1,827$1,568$1,203
15 years$2,626$2,248$1,917$1,629$1,380$1,036
16 years$2,437$2,063$1,738$1,459$1,220$894
17 years$2,270$1,900$1,582$1,311$1,082$775
18 years$2,121$1,755$1,444$1,181$962$672
19 years$1,989$1,627$1,322$1,067$857$585
20 years$1,869$1,512$1,213$967$766$510
21 years$1,762$1,408$1,116$877$685$445
22 years$1,664$1,314$1,028$798$614$389
23 years$1,575$1,229$949$726$551$340
24 years$1,493$1,152$878$663$496$298
25 years$1,418$1,081$813$605$446$261
26 years$1,349$1,016$754$553$402$229
27 years$1,285$956$700$506$362$201
28 years$1,226$901$651$464$327$177
29 years$1,171$850$606$425$295$155
30 years$1,120$803$564$390$267$136
31 years$1,072$759$526$359$241$120
32 years$1,027$718$491$330$218$105
33 years$985$680$458$303$197$93
34 years$946$644$428$279$179$82
35 years$908$611$400$257$162$72
36 years$874$580$375$236$147$63
37 years$841$551$351$218$133$56
38 years$809$524$328$201$120$49
39 years$780$498$308$185$109$43
40 years$752$474$288$171$99$38
41 years$725$451$270$158$90$34
42 years$700$429$254$145$82$30
43 years$676$409$238$134$74$26
44 years$653$390$223$124$67$23
45 years$632$372$210$114$61$20
46 years$611$355$197$106$55$18
47 years$591$339$185$98$50$16
48 years$572$323$174$90$46$14
49 years$554$309$163$83$41$12
50 years$537$295$154$77$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $550,000, adding $6,979 every year, while hoping to spend $31,321 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: 69/24/7 Blend
52$550,000$550,000$550,000$550,000
53$613,299$584,149$575,624$654,441
54$642,530$579,447$561,582$677,892
55$673,693$573,465$546,020$699,044
56$706,952$566,107$528,854$721,331
57$742,486$557,271$509,995$744,856
58$780,493$546,850$489,353$769,736
59$821,188$534,731$466,832$796,099
60$864,808$520,791$442,329$824,089
61$911,613$504,905$415,742$853,862
62$961,887$486,935$386,959$885,594
63$1,015,945$466,740$355,867$919,478
64$1,074,128$444,167$322,346$955,728
65$1,136,815$419,057$286,270$994,583
66$1,204,419$391,240$247,509$1,036,306
67$1,277,396$360,537$205,927$1,081,186
68$1,356,245$326,758$161,380$1,129,548
69$1,441,517$289,703$113,721$1,181,746
70$1,533,814$249,162$62,793$1,238,178
71$1,633,802$204,909$8,436$1,299,279
72$1,742,210$156,710$0$1,365,533
73$1,859,841$104,314$0$1,441,177
74$1,987,578$47,459$0$1,524,015
75$2,126,392$0$0$1,614,084
76$2,277,352$0$0$1,715,854
77$2,441,633$0$0$1,840,272
78$2,620,528$0$0$1,975,787
79$2,815,461$0$0$2,123,481
80$3,027,997$0$0$2,284,543
81$3,259,861$0$0$2,460,285
82$3,512,950$0$0$2,652,147
83$3,789,353$0$0$2,861,719
84$4,091,368$0$0$3,090,747
85$4,421,527$0$0$3,341,155
86$4,782,617$0$0$3,615,063
87$5,177,705$0$0$3,914,802
88$5,610,172$0$0$4,242,940
89$6,083,736$0$0$4,602,308
90$6,602,497$0$0$4,996,018
91$7,170,964$0$0$5,427,501
92$7,794,108$0$0$5,900,535
93$8,477,402$0$0$6,419,280
94$9,226,873$0$0$6,988,320
95$10,049,160$0$0$7,612,701
96$10,951,577$0$0$8,297,983
97$11,942,179$0$0$9,050,292
98$13,029,838$0$0$9,876,371
99$14,224,330$0$0$10,783,654
100$15,536,421$0$0$11,780,327