Can I retire at age 53 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$46,905$46,487$46,079$45,682$45,293$43,669
2 years$23,220$22,788$22,369$21,962$21,568$19,949
3 years$15,326$14,892$14,474$14,071$13,684$12,121
4 years$11,380$10,947$10,533$10,138$9,759$8,265
5 years$9,013$8,583$8,174$7,787$7,419$5,997
6 years$7,436$7,008$6,606$6,227$5,870$4,521
7 years$6,309$5,886$5,490$5,120$4,774$3,498
8 years$5,465$5,045$4,656$4,295$3,961$2,756
9 years$4,808$4,393$4,010$3,658$3,335$2,201
10 years$4,284$3,872$3,496$3,153$2,842$1,776
11 years$3,855$3,447$3,078$2,744$2,444$1,444
12 years$3,497$3,094$2,731$2,407$2,118$1,182
13 years$3,195$2,796$2,440$2,125$1,847$972
14 years$2,936$2,541$2,193$1,887$1,619$802
15 years$2,712$2,322$1,980$1,682$1,426$665
16 years$2,516$2,130$1,795$1,506$1,260$552
17 years$2,344$1,962$1,633$1,354$1,117$459
18 years$2,191$1,813$1,491$1,220$993$383
19 years$2,054$1,680$1,365$1,102$885$320
20 years$1,930$1,561$1,253$998$791$267
21 years$1,819$1,454$1,152$906$708$224
22 years$1,718$1,357$1,062$824$634$187
23 years$1,626$1,270$981$750$569$157
24 years$1,542$1,189$907$684$512$132
25 years$1,464$1,116$840$625$461$110
26 years$1,393$1,049$779$571$415$93
27 years$1,327$987$723$523$374$78
28 years$1,266$930$672$479$337$65
29 years$1,209$878$626$439$305$55
30 years$1,156$829$583$403$275$46
31 years$1,107$784$543$370$249$39
32 years$1,061$741$507$340$225$33
33 years$1,017$702$473$313$204$27
34 years$976$665$442$288$185$23
35 years$938$631$414$265$167$19
36 years$902$599$387$244$151$16
37 years$868$569$362$225$137$14
38 years$836$541$339$207$124$11
39 years$805$514$318$191$113$10
40 years$777$489$298$176$102$8
41 years$749$466$279$163$93$7
42 years$723$443$262$150$84$6
43 years$698$423$246$139$76$5
44 years$675$403$231$128$69$4
45 years$652$384$217$118$63$3
46 years$631$366$203$109$57$3
47 years$611$350$191$101$52$2
48 years$591$334$180$93$47$2
49 years$572$319$169$86$43$2
50 years$555$304$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $568,000, adding $4,332 every year, while hoping to spend $32,416 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: 54/28/18 Blend
52$568,000$568,000$568,000$568,000
53$630,404$600,300$591,496$661,163
54$660,215$595,225$576,821$677,597
55$691,980$588,814$560,568$691,675
56$725,865$580,968$542,649$706,285
57$762,050$571,582$522,975$721,487
58$800,733$560,544$501,449$737,349
59$842,132$547,735$477,971$753,947
60$886,485$533,029$452,439$771,367
61$934,053$516,295$424,742$789,704
62$985,124$497,390$394,768$809,067
63$1,040,011$476,167$362,398$829,578
64$1,099,060$452,468$327,506$851,373
65$1,162,651$426,125$289,965$874,605
66$1,231,201$396,964$249,637$899,444
67$1,305,165$364,798$206,382$926,082
68$1,385,049$329,429$160,053$954,734
69$1,471,403$290,651$110,494$985,637
70$1,564,835$248,242$57,544$1,019,060
71$1,666,013$201,970$1,037$1,055,300
72$1,775,671$151,591$0$1,094,688
73$1,894,615$96,844$0$1,148,978
74$2,023,732$37,456$0$1,208,153
75$2,163,999$0$0$1,272,507
76$2,316,490$0$0$1,350,866
77$2,482,386$0$0$1,448,717
78$2,662,985$0$0$1,555,290
79$2,859,719$0$0$1,671,437
80$3,074,160$0$0$1,798,091
81$3,308,041$0$0$1,936,284
82$3,563,268$0$0$2,087,148
83$3,841,939$0$0$2,251,931
84$4,146,364$0$0$2,432,007
85$4,479,085$0$0$2,628,887
86$4,842,902$0$0$2,844,237
87$5,240,898$0$0$3,079,889
88$5,676,466$0$0$3,337,863
89$6,153,343$0$0$3,620,380
90$6,675,645$0$0$3,929,889
91$7,247,903$0$0$4,269,084
92$7,875,109$0$0$4,640,936
93$8,562,759$0$0$5,048,714
94$9,316,908$0$0$5,496,018
95$10,144,224$0$0$5,986,816
96$11,052,051$0$0$6,525,477
97$12,048,480$0$0$7,116,813
98$13,142,422$0$0$7,766,127
99$14,343,693$0$0$8,479,257
100$15,663,107$0$0$9,262,638