Can I retire at age 53 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$45,501$45,096$44,700$44,314$43,938$42,719
2 years$22,525$22,106$21,699$21,305$20,923$19,705
3 years$14,868$14,446$14,041$13,650$13,274$12,094
4 years$11,040$10,620$10,218$9,834$9,467$8,334
5 years$8,743$8,326$7,930$7,554$7,197$6,114
6 years$7,213$6,799$6,408$6,041$5,695$4,663
7 years$6,120$5,710$5,325$4,966$4,631$3,651
8 years$5,301$4,894$4,516$4,166$3,842$2,913
9 years$4,665$4,261$3,890$3,549$3,236$2,356
10 years$4,155$3,756$3,391$3,059$2,757$1,927
11 years$3,739$3,344$2,986$2,662$2,371$1,588
12 years$3,393$3,001$2,650$2,335$2,055$1,318
13 years$3,099$2,712$2,367$2,062$1,792$1,099
14 years$2,848$2,465$2,127$1,830$1,571$921
15 years$2,631$2,252$1,920$1,632$1,383$774
16 years$2,441$2,066$1,741$1,461$1,222$653
17 years$2,274$1,903$1,584$1,313$1,084$552
18 years$2,125$1,758$1,446$1,183$964$467
19 years$1,992$1,630$1,324$1,069$859$396
20 years$1,873$1,514$1,215$968$767$336
21 years$1,765$1,411$1,118$879$686$286
22 years$1,667$1,317$1,030$799$615$244
23 years$1,577$1,232$951$728$552$208
24 years$1,496$1,154$880$664$496$177
25 years$1,421$1,083$815$606$447$151
26 years$1,351$1,018$756$554$402$129
27 years$1,287$958$702$507$363$110
28 years$1,228$903$652$465$327$94
29 years$1,173$851$607$426$296$80
30 years$1,122$804$565$391$267$69
31 years$1,074$760$527$359$241$59
32 years$1,029$719$492$330$218$50
33 years$987$681$459$304$198$43
34 years$947$646$429$279$179$37
35 years$910$612$401$257$162$31
36 years$875$581$375$237$147$27
37 years$842$552$351$218$133$23
38 years$811$525$329$201$121$20
39 years$781$499$308$185$109$17
40 years$753$475$289$171$99$14
41 years$727$452$271$158$90$12
42 years$702$430$254$146$82$11
43 years$678$410$238$134$74$9
44 years$655$391$224$124$67$8
45 years$633$373$210$115$61$7
46 years$612$355$197$106$55$6
47 years$592$339$185$98$50$5
48 years$573$324$174$90$46$4
49 years$555$309$164$84$42$4
50 years$538$295$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $551,000, adding $5,139 every year, while hoping to spend $30,829 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: 51/37/12 Blend
52$551,000$551,000$551,000$551,000
53$612,503$583,300$574,759$641,524
54$642,176$579,080$561,212$657,709
55$673,843$573,620$546,178$671,599
56$707,674$566,826$529,574$685,996
57$743,857$558,600$511,314$700,955
58$782,596$548,837$491,309$716,541
59$824,117$537,426$469,464$732,825
60$868,666$524,250$445,680$749,889
61$916,515$509,183$419,855$767,822
62$967,961$492,094$391,881$786,729
63$1,023,329$472,843$361,646$806,724
64$1,082,980$451,284$329,032$827,937
65$1,147,306$427,258$293,917$850,514
66$1,216,740$400,603$256,172$874,618
67$1,291,756$371,142$215,663$900,432
68$1,372,879$338,691$172,251$928,160
69$1,460,680$303,055$125,789$958,031
70$1,555,793$264,027$76,126$990,300
71$1,658,909$221,390$23,102$1,025,255
72$1,770,793$174,913$0$1,063,213
73$1,892,283$124,353$0$1,108,818
74$2,024,302$69,453$0$1,161,615
75$2,167,866$9,941$0$1,219,107
76$2,324,092$0$0$1,281,811
77$2,494,209$0$0$1,372,477
78$2,679,569$0$0$1,475,729
79$2,881,661$0$0$1,588,356
80$3,102,122$0$0$1,711,277
81$3,342,756$0$0$1,845,505
82$3,605,548$0$0$1,992,154
83$3,892,683$0$0$2,152,450
84$4,206,565$0$0$2,327,746
85$4,549,843$0$0$2,519,528
86$4,925,433$0$0$2,729,433
87$5,336,545$0$0$2,959,266
88$5,786,716$0$0$3,211,011
89$6,279,839$0$0$3,486,857
90$6,820,200$0$0$3,789,211
91$7,412,523$0$0$4,120,726
92$8,062,007$0$0$4,484,323
93$8,774,381$0$0$4,883,221
94$9,555,954$0$0$5,320,964
95$10,413,674$0$0$5,801,455
96$11,355,197$0$0$6,328,996
97$12,388,954$0$0$6,908,323
98$13,524,234$0$0$7,544,656
99$14,771,267$0$0$8,243,742
100$16,141,327$0$0$9,011,916