Can I retire at age 53 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$46,575$46,160$45,755$45,360$44,974$44,504
2 years$23,057$22,627$22,211$21,808$21,416$20,943
3 years$15,218$14,787$14,372$13,972$13,587$13,126
4 years$11,300$10,870$10,459$10,066$9,691$9,244
5 years$8,950$8,522$8,117$7,732$7,367$6,936
6 years$7,383$6,959$6,560$6,183$5,829$5,415
7 years$6,265$5,844$5,451$5,084$4,741$4,344
8 years$5,426$5,010$4,623$4,265$3,933$3,553
9 years$4,775$4,362$3,982$3,632$3,312$2,949
10 years$4,253$3,845$3,471$3,131$2,822$2,475
11 years$3,827$3,423$3,056$2,725$2,427$2,097
12 years$3,473$3,072$2,712$2,390$2,103$1,789
13 years$3,173$2,776$2,423$2,110$1,834$1,535
14 years$2,916$2,524$2,177$1,873$1,608$1,324
15 years$2,693$2,305$1,966$1,671$1,416$1,147
16 years$2,499$2,115$1,782$1,496$1,251$996
17 years$2,327$1,948$1,622$1,344$1,109$868
18 years$2,175$1,800$1,480$1,211$986$759
19 years$2,039$1,668$1,355$1,094$879$664
20 years$1,917$1,550$1,244$991$785$583
21 years$1,806$1,444$1,144$900$703$512
22 years$1,706$1,348$1,054$818$630$451
23 years$1,615$1,261$974$745$565$397
24 years$1,531$1,181$900$679$508$350
25 years$1,454$1,108$834$620$457$309
26 years$1,383$1,042$773$567$412$273
27 years$1,318$980$718$519$371$241
28 years$1,257$924$668$476$335$214
29 years$1,201$871$621$436$303$189
30 years$1,148$823$579$400$273$167
31 years$1,099$778$540$368$247$148
32 years$1,053$736$503$338$224$131
33 years$1,010$697$470$311$202$116
34 years$970$661$439$286$183$103
35 years$932$627$411$263$166$92
36 years$896$595$384$242$150$81
37 years$862$565$360$223$136$72
38 years$830$537$337$206$124$64
39 years$800$511$315$190$112$57
40 years$771$486$296$175$102$50
41 years$744$462$277$162$92$45
42 years$718$440$260$149$84$40
43 years$693$420$244$138$76$35
44 years$670$400$229$127$69$31
45 years$648$381$215$117$63$28
46 years$627$364$202$108$57$25
47 years$606$347$190$100$52$22
48 years$587$331$178$93$47$20
49 years$568$317$168$86$43$17
50 years$551$302$158$79$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $564,000, adding $5,932 every year, while hoping to spend $32,355 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: 66/15/19 Blend
52$564,000$564,000$564,000$564,000
53$627,647$597,755$589,013$665,723
54$657,241$592,619$574,319$686,839
55$688,770$586,148$558,049$705,646
56$722,396$578,241$540,115$725,427
57$758,298$568,792$520,427$746,280
58$796,672$557,691$498,889$768,311
59$837,733$544,818$475,402$791,637
60$881,716$530,047$449,861$816,390
61$928,878$513,247$422,159$842,714
62$979,504$494,276$392,182$870,773
63$1,033,904$472,986$359,810$900,745
64$1,092,419$449,220$324,921$932,830
65$1,155,423$422,809$287,384$967,248
66$1,223,330$393,580$247,064$1,004,244
67$1,296,589$361,345$203,820$1,044,091
68$1,375,697$325,907$157,505$1,087,089
69$1,461,201$287,060$107,964$1,133,572
70$1,553,699$244,581$55,036$1,183,911
71$1,653,852$198,240$0$1,238,515
72$1,762,382$147,792$0$1,298,132
73$1,880,087$92,976$0$1,374,898
74$2,007,844$33,519$0$1,458,236
75$2,146,615$0$0$1,548,804
76$2,297,461$0$0$1,652,417
77$2,461,548$0$0$1,771,176
78$2,640,158$0$0$1,900,479
79$2,834,704$0$0$2,041,354
80$3,046,740$0$0$2,194,930
81$3,277,974$0$0$2,362,449
82$3,530,289$0$0$2,545,279
83$3,805,755$0$0$2,744,927
84$4,106,654$0$0$2,963,050
85$4,435,494$0$0$3,201,472
86$4,795,040$0$0$3,462,204
87$5,188,335$0$0$3,747,457
88$5,618,727$0$0$4,059,667
89$6,089,907$0$0$4,401,517
90$6,605,937$0$0$4,775,960
91$7,171,290$0$0$5,186,249
92$7,790,892$0$0$5,635,967
93$8,470,170$0$0$6,129,058
94$9,215,099$0$0$6,669,869
95$10,032,262$0$0$7,263,186
96$10,928,908$0$0$7,914,280
97$11,913,022$0$0$8,628,958
98$12,993,401$0$0$9,413,617
99$14,179,734$0$0$10,275,303
100$15,482,695$0$0$11,221,779