Can I retire at age 53 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$46,327$45,914$45,512$45,119$44,735$43,268
2 years$22,934$22,507$22,093$21,692$21,302$19,839
3 years$15,138$14,709$14,296$13,898$13,515$12,100
4 years$11,240$10,812$10,404$10,013$9,639$8,284
5 years$8,902$8,477$8,074$7,691$7,327$6,036
6 years$7,344$6,922$6,525$6,150$5,798$4,571
7 years$6,232$5,813$5,422$5,057$4,715$3,553
8 years$5,398$4,983$4,598$4,242$3,912$2,813
9 years$4,749$4,339$3,961$3,613$3,294$2,257
10 years$4,231$3,824$3,453$3,115$2,807$1,831
11 years$3,807$3,404$3,040$2,711$2,414$1,496
12 years$3,454$3,056$2,698$2,378$2,092$1,231
13 years$3,156$2,761$2,410$2,099$1,824$1,018
14 years$2,900$2,510$2,166$1,863$1,599$845
15 years$2,679$2,293$1,955$1,662$1,408$704
16 years$2,485$2,104$1,773$1,488$1,244$588
17 years$2,315$1,938$1,613$1,337$1,103$492
18 years$2,164$1,790$1,473$1,205$981$413
19 years$2,028$1,659$1,348$1,089$874$347
20 years$1,907$1,542$1,237$986$781$292
21 years$1,797$1,436$1,138$895$699$245
22 years$1,697$1,341$1,049$814$627$207
23 years$1,606$1,254$968$741$562$174
24 years$1,523$1,175$896$676$505$147
25 years$1,446$1,102$830$617$455$124
26 years$1,376$1,036$769$564$410$105
27 years$1,311$975$714$517$369$89
28 years$1,250$919$664$473$333$75
29 years$1,194$867$618$434$301$63
30 years$1,142$819$576$398$272$54
31 years$1,093$774$537$366$246$45
32 years$1,047$732$501$336$222$38
33 years$1,005$693$468$309$201$32
34 years$964$657$437$284$182$27
35 years$927$623$408$262$165$23
36 years$891$592$382$241$150$20
37 years$857$562$358$222$136$17
38 years$826$534$335$205$123$14
39 years$795$508$314$189$111$12
40 years$767$483$294$174$101$10
41 years$740$460$276$161$92$9
42 years$714$438$259$148$83$7
43 years$690$417$243$137$76$6
44 years$667$398$228$126$69$5
45 years$644$379$214$117$62$4
46 years$623$362$201$108$56$4
47 years$603$345$189$100$51$3
48 years$584$330$177$92$47$3
49 years$565$315$167$85$42$2
50 years$548$301$157$79$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $561,000, adding $3,425 every year, while hoping to spend $42,949 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: 31/39/30 Blend
52$561,000$561,000$561,000$561,000
53$621,755$592,022$583,326$635,252
54$639,476$575,334$557,170$629,361
55$657,566$556,388$528,699$619,050
56$676,016$535,029$497,788$607,121
57$694,817$511,093$464,311$593,464
58$713,955$484,403$428,132$577,962
59$733,416$454,776$389,112$560,490
60$753,180$422,016$347,104$540,918
61$773,227$385,918$301,954$519,105
62$793,531$346,262$253,504$494,904
63$814,060$302,818$201,585$468,158
64$834,780$255,342$146,025$438,703
65$855,651$203,577$86,640$406,362
66$876,626$147,251$23,241$370,951
67$897,652$86,077$0$332,271
68$918,669$19,750$0$304,331
69$939,607$0$0$281,557
70$960,388$0$0$278,671
71$980,925$0$0$284,130
72$1,001,118$0$0$289,423
73$1,020,855$0$0$294,509
74$1,040,010$0$0$299,344
75$1,058,442$0$0$303,879
76$1,075,993$0$0$308,057
77$1,092,487$0$0$311,817
78$1,107,726$0$0$315,088
79$1,121,489$0$0$317,795
80$1,133,530$0$0$319,851
81$1,143,575$0$0$321,160
82$1,151,319$0$0$321,616
83$1,156,422$0$0$321,101
84$1,158,508$0$0$319,483
85$1,157,157$0$0$316,619
86$1,151,903$0$0$312,345
87$1,142,229$0$0$306,484
88$1,127,563$0$0$298,836
89$1,107,269$0$0$289,183
90$1,080,643$0$0$277,281
91$1,046,905$0$0$262,861
92$1,005,191$0$0$245,625
93$954,544$0$0$225,243
94$893,906$0$0$201,351
95$822,106$0$0$173,546
96$737,849$0$0$141,382
97$639,702$0$0$104,367
98$526,081$0$0$61,955
99$395,237$0$0$13,547
100$245,235$0$0$0