Can I retire at age 53 with 557,000?

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 $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%16.8%
1 years$45,997$45,587$45,187$44,797$44,416$43,185
2 years$22,771$22,346$21,935$21,537$21,150$19,919
3 years$15,030$14,604$14,194$13,799$13,419$12,226
4 years$11,160$10,735$10,329$9,941$9,570$8,425
5 years$8,839$8,417$8,016$7,636$7,275$6,181
6 years$7,292$6,873$6,478$6,107$5,757$4,714
7 years$6,187$5,772$5,383$5,021$4,682$3,691
8 years$5,359$4,947$4,566$4,212$3,884$2,945
9 years$4,715$4,308$3,932$3,587$3,271$2,382
10 years$4,201$3,797$3,428$3,092$2,787$1,948
11 years$3,780$3,380$3,018$2,691$2,397$1,605
12 years$3,429$3,034$2,679$2,361$2,077$1,332
13 years$3,133$2,742$2,393$2,084$1,811$1,111
14 years$2,879$2,492$2,150$1,850$1,588$931
15 years$2,660$2,277$1,941$1,650$1,398$782
16 years$2,468$2,089$1,760$1,477$1,236$660
17 years$2,298$1,924$1,602$1,327$1,095$558
18 years$2,148$1,778$1,462$1,196$974$472
19 years$2,014$1,647$1,338$1,081$868$400
20 years$1,893$1,531$1,228$979$775$340
21 years$1,784$1,426$1,130$888$694$289
22 years$1,685$1,331$1,041$808$622$246
23 years$1,595$1,245$962$736$558$210
24 years$1,512$1,166$889$671$502$179
25 years$1,436$1,095$824$613$452$153
26 years$1,366$1,029$764$560$407$130
27 years$1,301$968$709$513$367$111
28 years$1,241$912$659$470$331$95
29 years$1,186$861$614$431$299$81
30 years$1,134$813$572$395$270$69
31 years$1,085$768$533$363$244$59
32 years$1,040$727$497$334$221$51
33 years$998$689$464$307$200$43
34 years$958$653$434$282$181$37
35 years$920$619$406$260$164$32
36 years$885$587$379$239$148$27
37 years$851$558$355$221$135$23
38 years$820$530$332$203$122$20
39 years$790$504$312$187$111$17
40 years$762$480$292$173$100$15
41 years$735$457$274$160$91$12
42 years$709$435$257$147$83$11
43 years$685$414$241$136$75$9
44 years$662$395$226$125$68$8
45 years$640$377$212$116$62$7
46 years$619$359$199$107$56$6
47 years$599$343$187$99$51$5
48 years$580$327$176$91$46$4
49 years$561$313$166$84$42$4
50 years$544$299$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $557,000, adding $2,031 every year, while hoping to spend $26,417 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: 77/7/16 Blend
52$557,000$557,000$557,000$557,000
53$615,909$586,388$577,754$661,036
54$650,624$587,014$569,002$691,730
55$687,995$586,784$559,070$721,859
56$728,264$585,631$547,893$754,176
57$771,699$583,478$535,399$788,890
58$818,593$580,249$521,515$826,233
59$869,267$575,859$506,164$866,459
60$924,076$570,220$489,264$909,848
61$983,409$563,238$470,732$956,710
62$1,047,694$554,814$450,479$1,007,387
63$1,117,401$544,842$428,413$1,062,255
64$1,193,049$533,212$404,437$1,121,728
65$1,275,204$519,804$378,450$1,186,264
66$1,364,495$504,494$350,348$1,256,368
67$1,461,608$487,149$320,019$1,332,596
68$1,567,302$467,629$287,350$1,415,562
69$1,682,410$445,786$252,219$1,505,942
70$1,807,849$421,463$214,501$1,604,482
71$1,944,628$394,493$174,066$1,712,005
72$2,093,859$364,702$130,776$1,829,418
73$2,256,764$331,904$84,489$1,957,723
74$2,434,690$295,903$35,055$2,098,021
75$2,629,117$256,492$0$2,251,530
76$2,841,678$213,451$0$2,422,612
77$3,074,169$166,549$0$2,616,309
78$3,328,567$115,543$0$2,828,289
79$3,607,049$60,173$0$3,060,382
80$3,912,014$168$0$3,314,601
81$4,246,103$0$0$3,593,166
82$4,612,223$0$0$3,903,511
83$5,013,577$0$0$4,243,756
84$5,453,694$0$0$4,616,883
85$5,936,457$0$0$5,026,187
86$6,466,146$0$0$5,475,298
87$7,047,475$0$0$5,968,217
88$7,685,635$0$0$6,509,349
89$8,386,347$0$0$7,103,546
90$9,155,909$0$0$7,756,153
91$10,001,263$0$0$8,473,060
92$10,930,054$0$0$9,260,754
93$11,950,704$0$0$10,126,380
94$13,072,492$0$0$11,077,813
95$14,305,642$0$0$12,123,727
96$15,661,415$0$0$13,273,676
97$17,152,220$0$0$14,538,190
98$18,791,728$0$0$15,928,869
99$20,594,999$0$0$17,458,492
100$22,578,630$0$0$19,141,141