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%13.2%
1 years$46,244$45,832$45,430$45,038$44,655$44,061
2 years$22,893$22,467$22,054$21,653$21,264$20,666
3 years$15,111$14,682$14,270$13,873$13,491$12,908
4 years$11,220$10,793$10,385$9,995$9,622$9,059
5 years$8,886$8,462$8,059$7,677$7,314$6,772
6 years$7,331$6,910$6,513$6,139$5,788$5,267
7 years$6,220$5,803$5,412$5,048$4,707$4,209
8 years$5,388$4,974$4,590$4,234$3,905$3,429
9 years$4,741$4,331$3,953$3,607$3,288$2,834
10 years$4,223$3,817$3,447$3,109$2,802$2,369
11 years$3,800$3,398$3,034$2,706$2,410$1,998
12 years$3,448$3,050$2,693$2,373$2,088$1,697
13 years$3,150$2,757$2,406$2,095$1,821$1,450
14 years$2,895$2,506$2,162$1,860$1,596$1,244
15 years$2,674$2,289$1,952$1,659$1,405$1,073
16 years$2,481$2,100$1,770$1,485$1,242$928
17 years$2,311$1,934$1,610$1,334$1,101$804
18 years$2,160$1,787$1,470$1,203$979$699
19 years$2,025$1,656$1,346$1,087$873$609
20 years$1,903$1,539$1,235$984$780$532
21 years$1,794$1,434$1,136$893$698$465
22 years$1,694$1,338$1,047$812$625$407
23 years$1,603$1,252$967$740$561$356
24 years$1,520$1,173$894$675$505$313
25 years$1,444$1,101$828$616$454$274
26 years$1,373$1,034$768$563$409$241
27 years$1,308$973$713$516$369$212
28 years$1,248$917$663$472$333$186
29 years$1,192$865$617$433$300$164
30 years$1,140$817$575$398$271$145
31 years$1,091$773$536$365$245$127
32 years$1,046$731$500$336$222$112
33 years$1,003$692$467$309$201$99
34 years$963$656$436$284$182$87
35 years$925$622$408$261$165$77
36 years$889$591$381$241$149$68
37 years$856$561$357$222$135$60
38 years$824$533$334$204$123$53
39 years$794$507$313$188$111$47
40 years$766$482$294$174$101$41
41 years$739$459$275$160$92$36
42 years$713$437$258$148$83$32
43 years$689$417$242$137$75$28
44 years$665$397$227$126$68$25
45 years$643$379$214$117$62$22
46 years$622$361$201$108$56$19
47 years$602$345$188$99$51$17
48 years$583$329$177$92$47$15
49 years$564$314$166$85$42$13
50 years$547$300$156$78$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $560,000, adding $2,576 every year, while hoping to spend $42,448 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: 73/19/8 Blend
52$560,000$560,000$560,000$560,000
53$619,777$590,097$581,417$664,040
54$637,830$573,848$555,730$677,335
55$656,302$555,379$527,760$686,324
56$675,190$534,538$497,386$694,980
57$694,491$511,162$464,480$703,258
58$714,200$485,080$428,910$711,109
59$734,308$456,108$390,539$718,477
60$754,806$424,056$349,220$725,306
61$775,681$388,720$304,804$731,532
62$796,917$349,884$257,132$737,087
63$818,497$307,322$206,040$741,897
64$840,396$260,794$151,355$745,882
65$862,590$210,046$92,899$748,956
66$885,046$154,811$30,483$751,025
67$907,729$94,804$0$751,987
68$930,596$29,729$0$754,815
69$953,600$0$0$759,285
70$976,684$0$0$771,197
71$999,786$0$0$789,325
72$1,022,834$0$0$807,395
73$1,045,747$0$0$825,342
74$1,068,432$0$0$843,089
75$1,090,786$0$0$860,555
76$1,112,691$0$0$877,643
77$1,134,016$0$0$894,248
78$1,154,613$0$0$910,249
79$1,174,316$0$0$925,514
80$1,192,939$0$0$939,891
81$1,210,275$0$0$953,215
82$1,226,093$0$0$965,297
83$1,240,134$0$0$975,929
84$1,252,110$0$0$984,880
85$1,261,700$0$0$991,889
86$1,268,548$0$0$996,670
87$1,272,255$0$0$998,902
88$1,272,382$0$0$998,230
89$1,268,438$0$0$994,259
90$1,259,880$0$0$986,550
91$1,246,103$0$0$974,618
92$1,226,439$0$0$957,923
93$1,200,146$0$0$935,867
94$1,166,403$0$0$907,789
95$1,124,299$0$0$872,956
96$1,072,826$0$0$830,557
97$1,010,870$0$0$779,692
98$937,195$0$0$719,367
99$850,436$0$0$648,485
100$749,084$0$0$565,828