Can I retire at age 53 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$45,997$45,587$45,187$44,797$44,416$44,173
2 years$22,771$22,346$21,935$21,537$21,150$20,905
3 years$15,030$14,604$14,194$13,799$13,419$13,179
4 years$11,160$10,735$10,329$9,941$9,570$9,338
5 years$8,839$8,417$8,016$7,636$7,275$7,051
6 years$7,292$6,873$6,478$6,107$5,757$5,540
7 years$6,187$5,772$5,383$5,021$4,682$4,474
8 years$5,359$4,947$4,566$4,212$3,884$3,684
9 years$4,715$4,308$3,932$3,587$3,271$3,079
10 years$4,201$3,797$3,428$3,092$2,787$2,604
11 years$3,780$3,380$3,018$2,691$2,397$2,222
12 years$3,429$3,034$2,679$2,361$2,077$1,910
13 years$3,133$2,742$2,393$2,084$1,811$1,652
14 years$2,879$2,492$2,150$1,850$1,588$1,436
15 years$2,660$2,277$1,941$1,650$1,398$1,253
16 years$2,468$2,089$1,760$1,477$1,236$1,098
17 years$2,298$1,924$1,602$1,327$1,095$965
18 years$2,148$1,778$1,462$1,196$974$850
19 years$2,014$1,647$1,338$1,081$868$751
20 years$1,893$1,531$1,228$979$775$665
21 years$1,784$1,426$1,130$888$694$589
22 years$1,685$1,331$1,041$808$622$523
23 years$1,595$1,245$962$736$558$465
24 years$1,512$1,166$889$671$502$414
25 years$1,436$1,095$824$613$452$369
26 years$1,366$1,029$764$560$407$329
27 years$1,301$968$709$513$367$294
28 years$1,241$912$659$470$331$262
29 years$1,186$861$614$431$299$234
30 years$1,134$813$572$395$270$210
31 years$1,085$768$533$363$244$187
32 years$1,040$727$497$334$221$168
33 years$998$689$464$307$200$150
34 years$958$653$434$282$181$135
35 years$920$619$406$260$164$121
36 years$885$587$379$239$148$108
37 years$851$558$355$221$135$97
38 years$820$530$332$203$122$87
39 years$790$504$312$187$111$78
40 years$762$480$292$173$100$70
41 years$735$457$274$160$91$63
42 years$709$435$257$147$83$56
43 years$685$414$241$136$75$51
44 years$662$395$226$125$68$45
45 years$640$377$212$116$62$41
46 years$619$359$199$107$56$37
47 years$599$343$187$99$51$33
48 years$580$327$176$91$46$29
49 years$561$313$166$84$42$26
50 years$544$299$156$78$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $557,000, adding $2,380 every year, while hoping to spend $42,327 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: 49/38/13 Blend
52$557,000$557,000$557,000$557,000
53$616,269$586,748$578,114$644,156
54$634,093$570,463$552,446$647,305
55$652,316$551,961$524,498$646,119
56$670,935$531,090$494,152$643,882
57$689,943$507,687$461,279$640,511
58$709,333$481,579$425,748$635,914
59$729,096$452,587$387,420$629,996
60$749,217$420,517$346,152$622,654
61$769,682$385,167$301,793$613,778
62$790,472$346,323$254,186$603,252
63$811,564$303,757$203,165$590,951
64$832,932$257,229$148,560$576,743
65$854,545$206,488$90,191$560,486
66$876,368$151,265$27,871$542,030
67$898,358$91,277$0$521,212
68$920,468$26,227$0$503,220
69$942,643$0$0$486,986
70$964,821$0$0$486,956
71$986,932$0$0$497,823
72$1,008,894$0$0$508,577
73$1,030,617$0$0$519,166
74$1,051,998$0$0$529,535
75$1,072,923$0$0$539,621
76$1,093,261$0$0$549,351
77$1,112,866$0$0$558,647
78$1,131,577$0$0$567,418
79$1,149,209$0$0$575,565
80$1,165,560$0$0$582,977
81$1,180,401$0$0$589,530
82$1,193,479$0$0$595,084
83$1,204,509$0$0$599,485
84$1,213,178$0$0$602,562
85$1,219,134$0$0$604,123
86$1,221,987$0$0$603,957
87$1,221,304$0$0$601,827
88$1,216,603$0$0$597,473
89$1,207,351$0$0$590,604
90$1,192,955$0$0$580,898
91$1,172,757$0$0$567,998
92$1,146,030$0$0$551,510
93$1,111,968$0$0$530,997
94$1,069,675$0$0$505,972
95$1,018,164$0$0$475,901
96$956,339$0$0$440,189
97$882,989$0$0$398,181
98$796,774$0$0$349,150
99$696,213$0$0$292,294
100$579,666$0$0$226,727