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%19.4%
1 years$45,831$45,423$45,025$44,636$44,256$42,585
2 years$22,689$22,266$21,857$21,460$21,075$19,410
3 years$14,976$14,551$14,143$13,749$13,371$11,765
4 years$11,120$10,697$10,292$9,906$9,536$8,002
5 years$8,807$8,386$7,987$7,609$7,249$5,790
6 years$7,265$6,848$6,455$6,085$5,736$4,354
7 years$6,165$5,751$5,364$5,002$4,665$3,359
8 years$5,340$4,930$4,549$4,196$3,870$2,639
9 years$4,698$4,292$3,918$3,574$3,259$2,101
10 years$4,186$3,783$3,416$3,081$2,777$1,690
11 years$3,766$3,368$3,007$2,682$2,388$1,370
12 years$3,417$3,023$2,669$2,352$2,070$1,117
13 years$3,122$2,732$2,385$2,077$1,805$915
14 years$2,869$2,483$2,143$1,843$1,582$753
15 years$2,650$2,268$1,934$1,644$1,393$622
16 years$2,459$2,081$1,754$1,472$1,231$514
17 years$2,290$1,917$1,596$1,323$1,092$426
18 years$2,140$1,771$1,457$1,192$971$354
19 years$2,007$1,642$1,334$1,077$865$295
20 years$1,886$1,525$1,224$975$773$245
21 years$1,778$1,421$1,126$885$691$204
22 years$1,679$1,326$1,038$805$620$171
23 years$1,589$1,240$958$733$556$142
24 years$1,507$1,162$886$669$500$119
25 years$1,431$1,091$821$611$450$99
26 years$1,361$1,025$761$558$405$83
27 years$1,297$965$707$511$365$69
28 years$1,237$909$657$468$330$58
29 years$1,181$858$611$429$298$49
30 years$1,130$810$570$394$269$41
31 years$1,081$766$531$362$243$34
32 years$1,036$724$495$333$220$28
33 years$994$686$463$306$199$24
34 years$954$650$432$281$180$20
35 years$917$617$404$259$163$17
36 years$881$585$378$239$148$14
37 years$848$556$354$220$134$12
38 years$817$528$331$203$122$10
39 years$787$502$310$187$110$8
40 years$759$478$291$172$100$7
41 years$732$455$273$159$91$6
42 years$707$433$256$147$82$5
43 years$682$413$240$135$75$4
44 years$659$394$225$125$68$3
45 years$637$375$212$115$62$3
46 years$617$358$199$107$56$2
47 years$597$342$187$99$51$2
48 years$578$326$175$91$46$2
49 years$559$311$165$84$42$1
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 $4,323 every year, while hoping to spend $35,821 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: 34/38/28 Blend
52$555,000$555,000$555,000$555,000
53$616,069$586,654$578,052$631,678
54$640,795$577,287$559,303$634,451
55$666,842$566,260$538,726$633,936
56$694,308$553,455$516,221$632,687
57$723,298$538,744$491,685$630,665
58$753,927$521,996$465,009$627,828
59$786,321$503,067$436,080$624,134
60$820,617$481,809$404,781$619,541
61$856,966$458,063$370,987$614,005
62$895,530$431,662$334,568$607,486
63$936,490$402,429$295,392$599,939
64$980,040$370,176$253,315$591,323
65$1,026,395$334,706$208,193$581,597
66$1,075,789$295,808$159,869$570,721
67$1,128,480$253,263$108,185$558,657
68$1,184,749$206,837$52,973$545,368
69$1,244,904$156,282$0$530,822
70$1,309,282$101,339$0$516,766
71$1,378,256$41,731$0$518,401
72$1,452,231$0$0$519,921
73$1,531,653$0$0$530,917
74$1,617,011$0$0$561,546
75$1,708,845$0$0$594,558
76$1,807,742$0$0$630,173
77$1,914,351$0$0$668,632
78$2,029,385$0$0$710,200
79$2,153,625$0$0$755,170
80$2,287,930$0$0$803,862
81$2,433,246$0$0$856,627
82$2,590,610$0$0$913,854
83$2,761,164$0$0$975,968
84$2,946,164$0$0$1,043,438
85$3,146,989$0$0$1,116,780
86$3,365,159$0$0$1,196,560
87$3,602,343$0$0$1,283,403
88$3,860,379$0$0$1,377,995
89$4,141,288$0$0$1,481,091
90$4,447,295$0$0$1,593,523
91$4,780,848$0$0$1,716,206
92$5,144,642$0$0$1,850,147
93$5,541,641$0$0$1,996,454
94$5,975,109$0$0$2,156,350
95$6,448,641$0$0$2,331,177
96$6,966,190$0$0$2,522,415
97$7,532,113$0$0$2,731,693
98$8,151,205$0$0$2,960,806
99$8,828,744$0$0$3,211,728
100$9,570,546$0$0$3,486,635