Can I retire at age 53 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$46,740$46,323$45,917$45,521$45,134$44,459
2 years$23,138$22,708$22,290$21,885$21,492$20,814
3 years$15,272$14,840$14,423$14,022$13,636$12,975
4 years$11,340$10,909$10,496$10,102$9,725$9,087
5 years$8,981$8,553$8,146$7,759$7,393$6,780
6 years$7,409$6,984$6,583$6,205$5,850$5,262
7 years$6,287$5,865$5,470$5,102$4,757$4,195
8 years$5,446$5,027$4,639$4,280$3,947$3,409
9 years$4,792$4,377$3,996$3,645$3,324$2,811
10 years$4,269$3,858$3,484$3,142$2,832$2,344
11 years$3,841$3,435$3,067$2,735$2,436$1,972
12 years$3,485$3,083$2,722$2,399$2,111$1,671
13 years$3,184$2,786$2,432$2,118$1,840$1,424
14 years$2,926$2,532$2,185$1,880$1,613$1,219
15 years$2,703$2,313$1,973$1,677$1,421$1,048
16 years$2,508$2,123$1,789$1,501$1,255$904
17 years$2,336$1,955$1,628$1,349$1,113$781
18 years$2,183$1,806$1,486$1,215$990$677
19 years$2,046$1,674$1,360$1,098$882$588
20 years$1,924$1,556$1,248$995$788$512
21 years$1,813$1,449$1,148$903$705$446
22 years$1,712$1,353$1,058$821$632$389
23 years$1,620$1,265$977$748$567$340
24 years$1,536$1,185$904$682$510$297
25 years$1,459$1,112$837$623$459$260
26 years$1,388$1,045$776$569$413$228
27 years$1,322$984$721$521$373$200
28 years$1,261$927$670$477$336$175
29 years$1,205$875$624$438$304$154
30 years$1,152$826$581$402$274$135
31 years$1,103$781$541$369$248$118
32 years$1,057$739$505$339$224$104
33 years$1,014$700$472$312$203$91
34 years$973$663$441$287$184$80
35 years$935$629$412$264$167$71
36 years$899$597$385$243$151$62
37 years$865$567$361$224$137$55
38 years$833$539$338$207$124$48
39 years$803$512$317$191$112$42
40 years$774$487$297$176$102$37
41 years$747$464$278$162$93$33
42 years$721$442$261$150$84$29
43 years$696$421$245$138$76$25
44 years$672$401$230$128$69$22
45 years$650$383$216$118$63$20
46 years$629$365$203$109$57$17
47 years$608$348$190$101$52$15
48 years$589$333$179$93$47$13
49 years$570$318$168$86$43$12
50 years$553$303$158$79$39$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $566,000, adding $6,809 every year, while hoping to spend $40,958 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: 61/22/17 Blend
52$566,000$566,000$566,000$566,000
53$630,755$600,757$591,984$666,105
54$651,514$586,616$568,237$676,605
55$673,016$570,408$542,321$682,874
56$695,296$551,990$514,121$688,758
57$718,388$531,210$483,516$694,223
58$742,329$507,904$450,379$699,234
59$767,157$481,902$414,578$703,756
60$792,915$453,024$375,974$707,750
61$819,647$421,076$334,424$711,177
62$847,400$385,858$289,776$713,995
63$876,225$347,155$241,873$716,162
64$906,175$304,740$190,551$717,632
65$937,308$258,376$135,637$718,359
66$969,685$207,808$76,953$718,296
67$1,003,374$152,771$14,312$717,391
68$1,038,444$92,983$0$715,595
69$1,074,972$28,146$0$722,382
70$1,113,041$0$0$731,560
71$1,152,737$0$0$750,692
72$1,194,157$0$0$777,773
73$1,237,403$0$0$806,057
74$1,282,585$0$0$835,618
75$1,329,823$0$0$866,536
76$1,379,246$0$0$898,896
77$1,430,995$0$0$932,792
78$1,485,221$0$0$968,326
79$1,542,088$0$0$1,005,606
80$1,601,774$0$0$1,044,751
81$1,664,475$0$0$1,085,892
82$1,730,399$0$0$1,129,168
83$1,799,776$0$0$1,174,732
84$1,872,855$0$0$1,222,752
85$1,949,908$0$0$1,273,407
86$2,031,229$0$0$1,326,896
87$2,117,142$0$0$1,383,435
88$2,207,999$0$0$1,443,258
89$2,304,182$0$0$1,506,622
90$2,406,111$0$0$1,573,809
91$2,514,244$0$0$1,645,124
92$2,629,082$0$0$1,720,903
93$2,751,173$0$0$1,801,513
94$2,881,116$0$0$1,887,355
95$3,019,567$0$0$1,978,868
96$3,167,243$0$0$2,076,535
97$3,324,933$0$0$2,180,882
98$3,493,498$0$0$2,292,487
99$3,673,884$0$0$2,411,985
100$3,867,126$0$0$2,540,069