Can I retire at age 53 with 552,000?

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 $552,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$45,584$45,178$44,781$44,395$44,017$43,058
2 years$22,566$22,146$21,739$21,344$20,961$19,999
3 years$14,895$14,473$14,066$13,675$13,298$12,364
4 years$11,060$10,639$10,237$9,852$9,484$8,585
5 years$8,759$8,341$7,944$7,567$7,210$6,348
6 years$7,226$6,811$6,420$6,052$5,705$4,882
7 years$6,132$5,720$5,335$4,975$4,640$3,855
8 years$5,311$4,903$4,525$4,174$3,849$3,102
9 years$4,673$4,269$3,897$3,555$3,241$2,533
10 years$4,163$3,763$3,397$3,065$2,762$2,090
11 years$3,746$3,350$2,991$2,667$2,375$1,739
12 years$3,399$3,007$2,655$2,339$2,058$1,457
13 years$3,105$2,717$2,372$2,065$1,795$1,228
14 years$2,854$2,470$2,131$1,833$1,573$1,039
15 years$2,636$2,256$1,924$1,635$1,385$883
16 years$2,446$2,070$1,744$1,464$1,224$752
17 years$2,278$1,906$1,587$1,315$1,086$643
18 years$2,129$1,762$1,449$1,185$965$550
19 years$1,996$1,633$1,326$1,071$860$472
20 years$1,876$1,517$1,217$970$769$406
21 years$1,768$1,413$1,120$880$688$349
22 years$1,670$1,319$1,032$801$616$301
23 years$1,580$1,234$953$729$553$259
24 years$1,498$1,156$881$665$497$224
25 years$1,423$1,085$816$607$448$193
26 years$1,354$1,020$757$555$403$167
27 years$1,290$960$703$508$363$144
28 years$1,230$904$653$466$328$125
29 years$1,175$853$608$427$296$108
30 years$1,124$806$566$392$268$93
31 years$1,076$761$528$360$242$81
32 years$1,031$721$493$331$219$70
33 years$989$682$460$304$198$61
34 years$949$647$430$280$179$52
35 years$912$613$402$258$162$45
36 years$877$582$376$237$147$39
37 years$844$553$352$219$133$34
38 years$812$526$330$202$121$30
39 years$783$500$309$186$110$26
40 years$755$475$289$171$99$22
41 years$728$453$271$158$90$19
42 years$703$431$255$146$82$17
43 years$679$411$239$135$74$14
44 years$656$391$224$124$67$13
45 years$634$373$210$115$61$11
46 years$613$356$198$106$56$9
47 years$593$340$186$98$50$8
48 years$574$324$175$91$46$7
49 years$556$310$164$84$42$6
50 years$539$296$154$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $552,000, adding $6,303 every year, while hoping to spend $39,892 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: 71/10/19 Blend
52$552,000$552,000$552,000$552,000
53$614,806$585,550$576,994$655,218
54$635,071$571,797$553,878$669,188
55$656,066$556,033$528,651$679,120
56$677,824$538,118$501,200$688,989
57$700,379$517,902$471,407$698,784
58$723,767$495,228$439,148$708,493
59$748,026$469,930$404,295$718,104
60$773,199$441,831$366,713$727,603
61$799,329$410,744$326,262$736,978
62$826,464$376,473$282,794$746,217
63$854,652$338,810$236,157$755,306
64$883,948$297,533$186,190$764,235
65$914,409$252,410$132,726$772,989
66$946,097$203,196$75,590$781,557
67$979,077$149,631$14,600$789,928
68$1,013,419$91,440$0$798,091
69$1,049,201$28,334$0$816,273
70$1,086,504$0$0$838,051
71$1,125,415$0$0$864,901
72$1,166,030$0$0$896,186
73$1,208,452$0$0$928,869
74$1,252,790$0$0$963,036
75$1,299,164$0$0$998,779
76$1,347,705$0$0$1,036,200
77$1,398,551$0$0$1,075,407
78$1,451,855$0$0$1,116,520
79$1,507,781$0$0$1,159,665
80$1,566,509$0$0$1,204,984
81$1,628,233$0$0$1,252,626
82$1,693,163$0$0$1,302,757
83$1,761,530$0$0$1,355,555
84$1,833,584$0$0$1,411,217
85$1,909,598$0$0$1,469,953
86$1,989,868$0$0$1,531,997
87$2,074,718$0$0$1,597,601
88$2,164,503$0$0$1,667,041
89$2,259,607$0$0$1,740,618
90$2,360,454$0$0$1,818,661
91$2,467,504$0$0$1,901,530
92$2,581,260$0$0$1,989,619
93$2,702,275$0$0$2,083,358
94$2,831,152$0$0$2,183,219
95$2,968,551$0$0$2,289,717
96$3,115,197$0$0$2,403,418
97$3,271,882$0$0$2,524,941
98$3,439,476$0$0$2,654,966
99$3,618,930$0$0$2,794,236
100$3,811,291$0$0$2,943,568