Can I retire at age 53 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$46,244$45,832$45,430$45,038$44,655$43,382
2 years$22,893$22,467$22,054$21,653$21,264$19,992
3 years$15,111$14,682$14,270$13,873$13,491$12,259
4 years$11,220$10,793$10,385$9,995$9,622$8,439
5 years$8,886$8,462$8,059$7,677$7,314$6,185
6 years$7,331$6,910$6,513$6,139$5,788$4,712
7 years$6,220$5,803$5,412$5,048$4,707$3,685
8 years$5,388$4,974$4,590$4,234$3,905$2,937
9 years$4,741$4,331$3,953$3,607$3,288$2,373
10 years$4,223$3,817$3,447$3,109$2,802$1,937
11 years$3,800$3,398$3,034$2,706$2,410$1,595
12 years$3,448$3,050$2,693$2,373$2,088$1,322
13 years$3,150$2,757$2,406$2,095$1,821$1,101
14 years$2,895$2,506$2,162$1,860$1,596$921
15 years$2,674$2,289$1,952$1,659$1,405$773
16 years$2,481$2,100$1,770$1,485$1,242$651
17 years$2,311$1,934$1,610$1,334$1,101$549
18 years$2,160$1,787$1,470$1,203$979$464
19 years$2,025$1,656$1,346$1,087$873$393
20 years$1,903$1,539$1,235$984$780$334
21 years$1,794$1,434$1,136$893$698$283
22 years$1,694$1,338$1,047$812$625$241
23 years$1,603$1,252$967$740$561$205
24 years$1,520$1,173$894$675$505$174
25 years$1,444$1,101$828$616$454$149
26 years$1,373$1,034$768$563$409$127
27 years$1,308$973$713$516$369$108
28 years$1,248$917$663$472$333$92
29 years$1,192$865$617$433$300$79
30 years$1,140$817$575$398$271$67
31 years$1,091$773$536$365$245$57
32 years$1,046$731$500$336$222$49
33 years$1,003$692$467$309$201$42
34 years$963$656$436$284$182$36
35 years$925$622$408$261$165$30
36 years$889$591$381$241$149$26
37 years$856$561$357$222$135$22
38 years$824$533$334$204$123$19
39 years$794$507$313$188$111$16
40 years$766$482$294$174$101$14
41 years$739$459$275$160$92$12
42 years$713$437$258$148$83$10
43 years$689$417$242$137$75$9
44 years$665$397$227$126$68$7
45 years$643$379$214$117$62$6
46 years$622$361$201$108$56$5
47 years$602$345$188$99$51$5
48 years$583$329$177$92$47$4
49 years$564$314$166$85$42$3
50 years$547$300$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 $560,000, adding $6,575 every year, while hoping to spend $33,150 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: 43/32/25 Blend
52$560,000$560,000$560,000$560,000
53$623,902$594,222$585,542$645,940
54$652,269$588,068$569,886$656,126
55$682,418$580,501$552,595$663,481
56$714,496$571,417$533,579$670,796
57$748,664$560,706$512,743$678,089
58$785,098$548,250$489,990$685,376
59$823,990$533,927$465,217$692,682
60$865,552$517,604$438,316$700,035
61$910,015$499,143$409,177$707,469
62$957,632$478,397$377,680$715,025
63$1,008,683$455,211$343,705$722,751
64$1,063,472$429,419$307,122$730,703
65$1,122,334$400,849$267,799$738,948
66$1,185,638$369,317$225,596$747,563
67$1,253,787$334,627$180,367$756,634
68$1,327,224$296,574$131,960$766,265
69$1,406,436$254,942$80,216$776,573
70$1,491,959$209,501$24,970$787,691
71$1,584,381$160,008$0$799,772
72$1,684,347$106,207$0$822,056
73$1,792,568$47,829$0$853,372
74$1,909,825$0$0$887,324
75$2,036,975$0$0$929,647
76$2,174,965$0$0$993,913
77$2,324,831$0$0$1,063,772
78$2,487,715$0$0$1,139,764
79$2,664,876$0$0$1,222,483
80$2,857,694$0$0$1,312,582
81$3,067,691$0$0$1,410,782
82$3,296,541$0$0$1,517,875
83$3,546,087$0$0$1,634,731
84$3,818,354$0$0$1,762,311
85$4,115,576$0$0$1,901,670
86$4,440,208$0$0$2,053,972
87$4,794,956$0$0$2,220,495
88$5,182,796$0$0$2,402,650
89$5,607,006$0$0$2,601,989
90$6,071,197$0$0$2,820,219
91$6,579,341$0$0$3,059,223
92$7,135,816$0$0$3,321,072
93$7,745,440$0$0$3,608,050
94$8,413,522$0$0$3,922,668
95$9,145,908$0$0$4,267,694
96$9,949,034$0$0$4,646,179
97$10,829,991$0$0$5,061,479
98$11,796,590$0$0$5,517,293
99$12,857,433$0$0$6,017,696
100$14,021,996$0$0$6,567,176