Can I retire at age 53 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$47,070$46,651$46,242$45,842$45,453$44,866
2 years$23,302$22,868$22,447$22,040$21,644$21,054
3 years$15,380$14,945$14,525$14,121$13,732$13,157
4 years$11,420$10,986$10,570$10,173$9,794$9,238
5 years$9,045$8,613$8,203$7,814$7,445$6,910
6 years$7,462$7,033$6,629$6,249$5,891$5,377
7 years$6,331$5,906$5,509$5,138$4,791$4,299
8 years$5,484$5,063$4,672$4,310$3,975$3,504
9 years$4,825$4,408$4,024$3,671$3,347$2,898
10 years$4,299$3,886$3,508$3,164$2,852$2,424
11 years$3,868$3,459$3,089$2,754$2,453$2,045
12 years$3,510$3,105$2,741$2,416$2,126$1,738
13 years$3,206$2,806$2,449$2,133$1,853$1,486
14 years$2,947$2,550$2,200$1,893$1,625$1,277
15 years$2,722$2,330$1,987$1,688$1,431$1,101
16 years$2,525$2,138$1,801$1,512$1,264$953
17 years$2,352$1,969$1,639$1,358$1,121$827
18 years$2,198$1,819$1,496$1,224$997$719
19 years$2,061$1,686$1,370$1,106$888$627
20 years$1,937$1,567$1,257$1,002$794$548
21 years$1,826$1,459$1,156$909$710$479
22 years$1,724$1,362$1,066$827$637$420
23 years$1,632$1,274$984$753$571$368
24 years$1,547$1,194$910$687$514$323
25 years$1,470$1,120$843$627$462$284
26 years$1,398$1,053$782$573$416$250
27 years$1,332$991$726$525$375$220
28 years$1,270$934$675$481$339$193
29 years$1,213$881$628$441$306$170
30 years$1,160$832$585$405$276$150
31 years$1,111$786$545$372$250$132
32 years$1,064$744$509$342$226$117
33 years$1,021$705$475$314$205$103
34 years$980$668$444$289$185$91
35 years$942$633$415$266$168$80
36 years$905$601$388$245$152$71
37 years$871$571$363$226$138$62
38 years$839$543$340$208$125$55
39 years$808$516$319$192$113$49
40 years$779$491$299$177$103$43
41 years$752$467$280$163$93$38
42 years$726$445$263$151$85$34
43 years$701$424$247$139$77$30
44 years$677$404$231$128$70$26
45 years$655$385$217$119$63$23
46 years$633$368$204$110$57$20
47 years$613$351$192$101$52$18
48 years$593$335$180$94$47$16
49 years$574$320$169$86$43$14
50 years$557$306$159$80$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $570,000, adding $6,254 every year, while hoping to spend $23,254 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: 68/14/18 Blend
52$570,000$570,000$570,000$570,000
53$634,591$604,381$595,546$674,555
54$674,577$609,254$590,755$706,909
55$717,863$613,586$585,024$738,980
56$764,759$617,326$578,296$773,486
57$815,610$620,420$570,515$810,667
58$870,792$622,811$561,617$850,784
59$930,721$624,436$551,539$894,129
60$995,852$625,231$540,213$941,020
61$1,066,688$625,126$527,569$991,811
62$1,143,780$624,048$513,533$1,046,891
63$1,227,737$621,918$498,028$1,106,691
64$1,319,228$618,653$480,973$1,171,682
65$1,418,988$614,166$462,284$1,242,390
66$1,527,827$608,362$441,873$1,319,390
67$1,646,636$601,143$419,647$1,403,320
68$1,776,398$592,404$395,511$1,494,881
69$1,918,193$582,034$369,362$1,594,848
70$2,073,210$569,915$341,097$1,704,075
71$2,242,758$555,921$310,604$1,823,505
72$2,428,280$539,922$277,770$1,954,178
73$2,631,362$521,776$242,473$2,097,242
74$2,853,755$501,337$204,590$2,253,960
75$3,097,382$478,446$163,987$2,425,728
76$3,364,364$452,940$120,530$2,614,087
77$3,657,036$424,641$74,075$2,820,733
78$3,977,971$393,365$24,474$3,047,538
79$4,330,000$358,916$0$3,296,569
80$4,716,244$321,087$0$3,575,568
81$5,140,139$279,659$0$3,886,953
82$5,605,471$234,399$0$4,228,820
83$6,116,409$185,065$0$4,604,259
84$6,677,548$131,398$0$5,016,673
85$7,293,946$73,125$0$5,469,815
86$7,971,178$9,958$0$5,967,817
87$8,715,386$0$0$6,515,238
88$9,533,333$0$0$7,126,098
89$10,432,475$0$0$7,799,318
90$11,421,021$0$0$8,539,516
91$12,508,018$0$0$9,353,472
92$13,703,434$0$0$10,248,653
93$15,018,250$0$0$11,233,289
94$16,464,564$0$0$12,316,444
95$18,055,708$0$0$13,508,108
96$19,806,368$0$0$14,819,287
97$21,732,729$0$0$16,262,106
98$23,852,622$0$0$17,849,927
99$26,185,692$0$0$19,597,472
100$28,753,589$0$0$21,520,963