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%12.3%
1 years$46,575$46,160$45,755$45,360$44,974$44,542
2 years$23,057$22,627$22,211$21,808$21,416$20,980
3 years$15,218$14,787$14,372$13,972$13,587$13,162
4 years$11,300$10,870$10,459$10,066$9,691$9,279
5 years$8,950$8,522$8,117$7,732$7,367$6,970
6 years$7,383$6,959$6,560$6,183$5,829$5,447
7 years$6,265$5,844$5,451$5,084$4,741$4,374
8 years$5,426$5,010$4,623$4,265$3,933$3,582
9 years$4,775$4,362$3,982$3,632$3,312$2,976
10 years$4,253$3,845$3,471$3,131$2,822$2,502
11 years$3,827$3,423$3,056$2,725$2,427$2,121
12 years$3,473$3,072$2,712$2,390$2,103$1,812
13 years$3,173$2,776$2,423$2,110$1,834$1,557
14 years$2,916$2,524$2,177$1,873$1,608$1,345
15 years$2,693$2,305$1,966$1,671$1,416$1,166
16 years$2,499$2,115$1,782$1,496$1,251$1,015
17 years$2,327$1,948$1,622$1,344$1,109$886
18 years$2,175$1,800$1,480$1,211$986$775
19 years$2,039$1,668$1,355$1,094$879$680
20 years$1,917$1,550$1,244$991$785$597
21 years$1,806$1,444$1,144$900$703$525
22 years$1,706$1,348$1,054$818$630$463
23 years$1,615$1,261$974$745$565$408
24 years$1,531$1,181$900$679$508$361
25 years$1,454$1,108$834$620$457$319
26 years$1,383$1,042$773$567$412$282
27 years$1,318$980$718$519$371$250
28 years$1,257$924$668$476$335$221
29 years$1,201$871$621$436$303$196
30 years$1,148$823$579$400$273$174
31 years$1,099$778$540$368$247$155
32 years$1,053$736$503$338$224$137
33 years$1,010$697$470$311$202$122
34 years$970$661$439$286$183$108
35 years$932$627$411$263$166$96
36 years$896$595$384$242$150$85
37 years$862$565$360$223$136$76
38 years$830$537$337$206$124$68
39 years$800$511$315$190$112$60
40 years$771$486$296$175$102$53
41 years$744$462$277$162$92$48
42 years$718$440$260$149$84$42
43 years$693$420$244$138$76$38
44 years$670$400$229$127$69$33
45 years$648$381$215$117$63$30
46 years$627$364$202$108$57$27
47 years$606$347$190$100$52$24
48 years$587$331$178$93$47$21
49 years$568$317$168$86$43$19
50 years$551$302$158$79$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $564,000, adding $6,732 every year, while hoping to spend $23,511 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: 74/12/14 Blend
52$564,000$564,000$564,000$564,000
53$628,472$598,580$589,838$672,602
54$667,561$602,895$584,582$707,011
55$709,848$606,633$578,362$741,134
56$755,637$609,742$571,121$777,887
57$805,257$612,165$562,799$817,524
58$859,073$613,841$553,333$860,326
59$917,487$614,708$542,658$906,603
60$980,939$614,697$530,705$956,695
61$1,049,914$613,736$517,403$1,010,978
62$1,124,945$611,749$502,676$1,069,868
63$1,206,620$608,655$486,446$1,133,821
64$1,295,583$604,367$468,630$1,203,341
65$1,392,547$598,795$449,143$1,278,985
66$1,498,292$591,842$427,895$1,361,364
67$1,613,680$583,404$404,792$1,451,154
68$1,739,659$573,374$379,735$1,549,100
69$1,877,270$561,636$352,623$1,656,024
70$2,027,664$548,068$323,347$1,772,831
71$2,192,103$532,540$291,797$1,900,519
72$2,371,980$514,917$257,855$2,040,191
73$2,568,827$495,054$221,398$2,193,059
74$2,784,332$472,796$182,300$2,360,463
75$3,020,354$447,983$140,427$2,543,877
76$3,278,938$420,442$95,639$2,744,931
77$3,562,339$389,993$47,792$2,965,417
78$3,873,039$356,444$0$3,207,314
79$4,213,771$319,592$0$3,473,291
80$4,587,547$279,224$0$3,772,916
81$4,997,684$235,112$0$4,101,718
82$5,447,834$187,019$0$4,462,646
83$5,942,021$134,691$0$4,858,948
84$6,484,678$77,862$0$5,294,207
85$7,080,689$16,250$0$5,772,369
86$7,735,431$0$0$6,297,782
87$8,454,831$0$0$6,881,901
88$9,245,418$0$0$7,526,203
89$10,114,382$0$0$8,234,409
90$11,069,647$0$0$9,012,978
91$12,119,943$0$0$9,869,030
92$13,274,887$0$0$10,810,405
93$14,545,074$0$0$11,845,745
94$15,942,179$0$0$12,984,569
95$17,479,064$0$0$14,237,365
96$19,169,901$0$0$15,615,690
97$21,030,305$0$0$17,132,277
98$23,077,480$0$0$18,801,155
99$25,330,382$0$0$20,637,783
100$27,809,898$0$0$22,659,192