Can I retire at age 53 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$45,831$45,423$45,025$44,636$44,256$42,652
2 years$22,689$22,266$21,857$21,460$21,075$19,476
3 years$14,976$14,551$14,143$13,749$13,371$11,828
4 years$11,120$10,697$10,292$9,906$9,536$8,061
5 years$8,807$8,386$7,987$7,609$7,249$5,846
6 years$7,265$6,848$6,455$6,085$5,736$4,405
7 years$6,165$5,751$5,364$5,002$4,665$3,406
8 years$5,340$4,930$4,549$4,196$3,870$2,682
9 years$4,698$4,292$3,918$3,574$3,259$2,141
10 years$4,186$3,783$3,416$3,081$2,777$1,726
11 years$3,766$3,368$3,007$2,682$2,388$1,403
12 years$3,417$3,023$2,669$2,352$2,070$1,147
13 years$3,122$2,732$2,385$2,077$1,805$943
14 years$2,869$2,483$2,143$1,843$1,582$778
15 years$2,650$2,268$1,934$1,644$1,393$644
16 years$2,459$2,081$1,754$1,472$1,231$534
17 years$2,290$1,917$1,596$1,323$1,092$444
18 years$2,140$1,771$1,457$1,192$971$370
19 years$2,007$1,642$1,334$1,077$865$309
20 years$1,886$1,525$1,224$975$773$258
21 years$1,778$1,421$1,126$885$691$216
22 years$1,679$1,326$1,038$805$620$180
23 years$1,589$1,240$958$733$556$151
24 years$1,507$1,162$886$669$500$127
25 years$1,431$1,091$821$611$450$106
26 years$1,361$1,025$761$558$405$89
27 years$1,297$965$707$511$365$75
28 years$1,237$909$657$468$330$63
29 years$1,181$858$611$429$298$53
30 years$1,130$810$570$394$269$44
31 years$1,081$766$531$362$243$37
32 years$1,036$724$495$333$220$31
33 years$994$686$463$306$199$26
34 years$954$650$432$281$180$22
35 years$917$617$404$259$163$18
36 years$881$585$378$239$148$15
37 years$848$556$354$220$134$13
38 years$817$528$331$203$122$11
39 years$787$502$310$187$110$9
40 years$759$478$291$172$100$8
41 years$732$455$273$159$91$6
42 years$707$433$256$147$82$5
43 years$682$413$240$135$75$5
44 years$659$394$225$125$68$4
45 years$637$375$212$115$62$3
46 years$617$358$199$107$56$3
47 years$597$342$187$99$51$2
48 years$578$326$175$91$46$2
49 years$559$311$165$84$42$2
50 years$542$298$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $555,000, adding $6,782 every year, while hoping to spend $31,997 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: 58/12/30 Blend
52$555,000$555,000$555,000$555,000
53$618,606$589,191$580,588$649,041
54$647,659$584,016$565,993$665,516
55$678,603$577,516$549,837$679,548
56$711,597$569,591$532,033$694,202
57$746,816$560,137$512,492$709,549
58$784,450$549,043$491,120$725,669
59$824,709$536,191$467,817$742,649
60$867,822$521,457$442,481$760,589
61$914,041$504,709$415,005$779,600
62$963,641$485,808$385,276$799,806
63$1,016,926$464,606$353,177$821,345
64$1,074,229$440,948$318,585$844,374
65$1,135,914$414,669$281,371$869,064
66$1,202,383$385,593$241,403$895,610
67$1,274,076$353,537$198,539$924,224
68$1,351,476$318,305$152,635$955,149
69$1,435,116$279,691$103,538$988,649
70$1,525,579$237,477$51,088$1,025,021
71$1,623,508$191,433$0$1,064,597
72$1,729,609$141,317$0$1,109,307
73$1,844,659$86,870$0$1,175,548
74$1,969,510$27,823$0$1,247,460
75$2,105,101$0$0$1,325,608
76$2,252,467$0$0$1,415,382
77$2,412,741$0$0$1,517,058
78$2,587,176$0$0$1,627,759
79$2,777,145$0$0$1,748,365
80$2,984,162$0$0$1,879,842
81$3,209,893$0$0$2,023,254
82$3,456,171$0$0$2,179,771
83$3,725,014$0$0$2,350,683
84$4,018,643$0$0$2,537,407
85$4,339,503$0$0$2,741,507
86$4,690,286$0$0$2,964,701
87$5,073,955$0$0$3,208,883
88$5,493,774$0$0$3,476,138
89$5,953,337$0$0$3,768,761
90$6,456,600$0$0$4,089,281
91$7,007,920$0$0$4,440,481
92$7,612,096$0$0$4,825,427
93$8,274,414$0$0$5,247,497
94$9,000,693$0$0$5,710,408
95$9,797,345$0$0$6,218,258
96$10,671,430$0$0$6,775,558
97$11,630,727$0$0$7,387,279
98$12,683,803$0$0$8,058,895
99$13,840,095$0$0$8,796,436
100$15,110,000$0$0$9,606,545