Can I retire at age 53 with 552,000?

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 $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%13.7%
1 years$45,584$45,178$44,781$44,395$44,017$43,342
2 years$22,566$22,146$21,739$21,344$20,961$20,282
3 years$14,895$14,473$14,066$13,675$13,298$12,637
4 years$11,060$10,639$10,237$9,852$9,484$8,846
5 years$8,759$8,341$7,944$7,567$7,210$6,596
6 years$7,226$6,811$6,420$6,052$5,705$5,116
7 years$6,132$5,720$5,335$4,975$4,640$4,077
8 years$5,311$4,903$4,525$4,174$3,849$3,312
9 years$4,673$4,269$3,897$3,555$3,241$2,729
10 years$4,163$3,763$3,397$3,065$2,762$2,274
11 years$3,746$3,350$2,991$2,667$2,375$1,912
12 years$3,399$3,007$2,655$2,339$2,058$1,619
13 years$3,105$2,717$2,372$2,065$1,795$1,378
14 years$2,854$2,470$2,131$1,833$1,573$1,179
15 years$2,636$2,256$1,924$1,635$1,385$1,013
16 years$2,446$2,070$1,744$1,464$1,224$873
17 years$2,278$1,906$1,587$1,315$1,086$754
18 years$2,129$1,762$1,449$1,185$965$654
19 years$1,996$1,633$1,326$1,071$860$567
20 years$1,876$1,517$1,217$970$769$493
21 years$1,768$1,413$1,120$880$688$430
22 years$1,670$1,319$1,032$801$616$375
23 years$1,580$1,234$953$729$553$327
24 years$1,498$1,156$881$665$497$286
25 years$1,423$1,085$816$607$448$250
26 years$1,354$1,020$757$555$403$219
27 years$1,290$960$703$508$363$191
28 years$1,230$904$653$466$328$168
29 years$1,175$853$608$427$296$147
30 years$1,124$806$566$392$268$129
31 years$1,076$761$528$360$242$113
32 years$1,031$721$493$331$219$99
33 years$989$682$460$304$198$87
34 years$949$647$430$280$179$76
35 years$912$613$402$258$162$67
36 years$877$582$376$237$147$59
37 years$844$553$352$219$133$52
38 years$812$526$330$202$121$46
39 years$783$500$309$186$110$40
40 years$755$475$289$171$99$35
41 years$728$453$271$158$90$31
42 years$703$431$255$146$82$27
43 years$679$411$239$135$74$24
44 years$656$391$224$124$67$21
45 years$634$373$210$115$61$18
46 years$613$356$198$106$56$16
47 years$593$340$186$98$50$14
48 years$574$324$175$91$46$13
49 years$556$310$164$84$42$11
50 years$539$296$154$77$38$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $552,000, adding $4,184 every year, while hoping to spend $31,984 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: 53/21/26 Blend
52$552,000$552,000$552,000$552,000
53$612,620$583,364$574,808$640,457
54$641,076$577,918$560,033$654,709
55$671,363$571,133$543,692$666,591
56$703,634$562,910$525,697$678,873
57$738,056$553,144$505,959$691,606
58$774,812$541,722$484,383$704,846
59$814,104$528,528$460,871$718,659
60$856,151$513,435$435,319$733,118
61$901,197$496,311$407,620$748,306
62$949,505$477,016$377,661$764,318
63$1,001,367$455,402$345,325$781,258
64$1,057,101$431,312$310,489$799,246
65$1,117,059$404,580$273,024$818,416
66$1,181,625$375,030$232,795$838,917
67$1,251,220$342,477$189,664$860,918
68$1,326,311$306,724$143,484$884,607
69$1,407,406$267,565$94,102$910,197
70$1,495,066$224,780$41,359$937,922
71$1,589,906$178,137$0$968,047
72$1,692,603$127,393$0$1,005,010
73$1,803,903$72,290$0$1,057,510
74$1,924,623$12,553$0$1,114,480
75$2,055,662$0$0$1,176,382
76$2,198,012$0$0$1,255,767
77$2,352,761$0$0$1,345,267
78$2,521,106$0$0$1,442,681
79$2,704,366$0$0$1,548,777
80$2,903,991$0$0$1,664,402
81$3,121,577$0$0$1,790,486
82$3,358,880$0$0$1,928,055
83$3,617,833$0$0$2,078,237
84$3,900,564$0$0$2,242,273
85$4,209,416$0$0$2,421,531
86$4,546,967$0$0$2,617,515
87$4,916,057$0$0$2,831,882
88$5,319,810$0$0$3,066,457
89$5,761,669$0$0$3,323,250
90$6,245,424$0$0$3,604,472
91$6,775,248$0$0$3,912,559
92$7,355,737$0$0$4,250,194
93$7,991,952$0$0$4,620,333
94$8,689,468$0$0$5,026,230
95$9,454,424$0$0$5,471,468
96$10,293,583$0$0$5,959,997
97$11,214,392$0$0$6,496,165
98$12,225,056$0$0$7,084,761
99$13,334,611$0$0$7,731,063
100$14,553,014$0$0$8,440,883