Can I retire at age 53 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$46,492$46,078$45,674$45,279$44,894$43,475
2 years$23,016$22,587$22,172$21,769$21,378$19,961
3 years$15,191$14,761$14,347$13,948$13,563$12,193
4 years$11,280$10,851$10,441$10,048$9,673$8,360
5 years$8,934$8,507$8,102$7,718$7,354$6,101
6 years$7,370$6,947$6,548$6,172$5,819$4,628
7 years$6,254$5,834$5,441$5,075$4,732$3,603
8 years$5,417$5,001$4,615$4,257$3,926$2,857
9 years$4,766$4,354$3,975$3,626$3,306$2,297
10 years$4,246$3,838$3,465$3,126$2,817$1,867
11 years$3,821$3,417$3,051$2,720$2,423$1,529
12 years$3,466$3,067$2,707$2,386$2,099$1,260
13 years$3,167$2,771$2,419$2,106$1,831$1,044
14 years$2,910$2,519$2,173$1,870$1,605$869
15 years$2,688$2,301$1,962$1,668$1,413$725
16 years$2,494$2,111$1,779$1,493$1,249$607
17 years$2,323$1,944$1,619$1,342$1,107$509
18 years$2,171$1,797$1,478$1,209$985$428
19 years$2,036$1,665$1,353$1,092$878$360
20 years$1,913$1,547$1,242$989$784$304
21 years$1,803$1,441$1,142$898$701$256
22 years$1,703$1,345$1,053$816$629$216
23 years$1,612$1,258$972$744$564$183
24 years$1,528$1,179$899$678$507$155
25 years$1,452$1,106$832$619$456$131
26 years$1,381$1,040$772$566$411$111
27 years$1,315$979$717$518$371$94
28 years$1,255$922$666$475$335$80
29 years$1,198$870$620$436$302$67
30 years$1,146$822$578$400$273$57
31 years$1,097$777$539$367$247$49
32 years$1,051$735$503$337$223$41
33 years$1,008$696$469$310$202$35
34 years$968$660$438$285$183$30
35 years$930$626$410$263$166$25
36 years$894$594$383$242$150$21
37 years$860$564$359$223$136$18
38 years$829$536$336$206$123$15
39 years$798$510$315$190$112$13
40 years$770$485$295$175$101$11
41 years$743$462$277$161$92$9
42 years$717$440$260$149$84$8
43 years$692$419$244$137$76$7
44 years$669$399$229$127$69$6
45 years$647$381$215$117$62$5
46 years$625$363$202$108$57$4
47 years$605$347$189$100$51$4
48 years$586$331$178$92$47$3
49 years$567$316$167$85$42$3
50 years$550$302$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $563,000, adding $2,689 every year, while hoping to spend $39,444 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: 64/14/22 Blend
52$563,000$563,000$563,000$563,000
53$623,200$593,361$584,634$659,379
54$644,798$580,467$562,251$671,187
55$667,277$565,620$537,797$679,405
56$690,686$548,682$511,159$687,479
57$715,075$529,507$482,223$695,397
58$740,502$507,941$450,866$703,148
59$767,025$483,823$416,962$710,723
60$794,710$456,978$380,379$718,111
61$823,627$427,226$340,977$725,304
62$853,850$394,374$298,614$732,293
63$885,462$358,217$253,136$739,073
64$918,551$318,542$204,388$745,638
65$953,212$275,119$152,204$751,985
66$989,549$227,709$96,412$758,113
67$1,027,674$176,059$36,833$764,023
68$1,067,710$119,898$0$769,719
69$1,109,788$58,945$0$781,487
70$1,154,054$0$0$802,696
71$1,200,663$0$0$825,848
72$1,249,786$0$0$859,833
73$1,301,610$0$0$895,702
74$1,356,336$0$0$933,598
75$1,414,187$0$0$973,674
76$1,475,403$0$0$1,016,101
77$1,540,247$0$0$1,061,063
78$1,609,007$0$0$1,108,764
79$1,681,998$0$0$1,159,422
80$1,759,564$0$0$1,213,282
81$1,842,080$0$0$1,270,606
82$1,929,959$0$0$1,331,686
83$2,023,651$0$0$1,396,836
84$2,123,650$0$0$1,466,406
85$2,230,497$0$0$1,540,775
86$2,344,784$0$0$1,620,360
87$2,467,163$0$0$1,705,620
88$2,598,345$0$0$1,797,056
89$2,739,113$0$0$1,895,219
90$2,890,325$0$0$2,000,712
91$3,052,923$0$0$2,114,199
92$3,227,942$0$0$2,236,409
93$3,416,516$0$0$2,368,140
94$3,619,893$0$0$2,510,272
95$3,839,444$0$0$2,663,770
96$4,076,675$0$0$2,829,695
97$4,333,239$0$0$3,009,211
98$4,610,957$0$0$3,203,601
99$4,911,827$0$0$3,414,274
100$5,238,049$0$0$3,642,778