Can I retire at age 53 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$47,153$46,733$46,323$45,923$45,532$44,378
2 years$23,343$22,908$22,487$22,078$21,682$20,526
3 years$15,407$14,971$14,550$14,146$13,756$12,635
4 years$11,440$11,005$10,589$10,191$9,811$8,734
5 years$9,061$8,628$8,218$7,828$7,458$6,427
6 years$7,475$7,046$6,641$6,260$5,901$4,918
7 years$6,343$5,917$5,519$5,147$4,799$3,864
8 years$5,494$5,072$4,680$4,317$3,982$3,094
9 years$4,834$4,416$4,031$3,677$3,353$2,512
10 years$4,306$3,892$3,514$3,170$2,857$2,061
11 years$3,875$3,465$3,094$2,759$2,457$1,706
12 years$3,516$3,110$2,746$2,420$2,129$1,421
13 years$3,212$2,811$2,453$2,136$1,857$1,190
14 years$2,952$2,555$2,204$1,896$1,628$1,001
15 years$2,727$2,334$1,990$1,691$1,433$845
16 years$2,530$2,141$1,804$1,514$1,267$715
17 years$2,356$1,972$1,642$1,361$1,123$607
18 years$2,202$1,822$1,499$1,226$999$517
19 years$2,064$1,689$1,372$1,108$890$440
20 years$1,941$1,569$1,259$1,004$795$376
21 years$1,829$1,462$1,158$911$711$321
22 years$1,727$1,365$1,068$828$638$274
23 years$1,635$1,276$986$754$572$235
24 years$1,550$1,196$912$688$515$201
25 years$1,472$1,122$844$628$463$173
26 years$1,400$1,055$783$574$417$148
27 years$1,334$993$727$526$376$127
28 years$1,273$935$676$482$339$109
29 years$1,216$882$629$442$306$94
30 years$1,162$833$586$405$277$80
31 years$1,113$788$546$372$250$69
32 years$1,066$745$510$342$226$59
33 years$1,023$706$476$315$205$51
34 years$982$669$445$290$185$44
35 years$943$635$416$267$168$38
36 years$907$602$389$245$152$32
37 years$873$572$364$226$138$28
38 years$840$544$341$208$125$24
39 years$810$517$319$192$113$21
40 years$781$492$299$177$103$18
41 years$753$468$281$164$93$15
42 years$727$446$263$151$85$13
43 years$702$425$247$139$77$11
44 years$678$405$232$129$70$10
45 years$656$386$218$119$63$8
46 years$634$368$205$110$58$7
47 years$614$352$192$101$52$6
48 years$594$336$181$94$47$5
49 years$575$320$170$87$43$5
50 years$557$306$160$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $571,000, adding $3,223 every year, while hoping to spend $30,308 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: 38/39/23 Blend
52$571,000$571,000$571,000$571,000
53$632,567$602,304$593,453$652,151
54$664,841$599,569$581,086$663,940
55$699,391$595,685$567,289$673,606
56$736,418$590,562$551,982$683,446
57$776,141$584,108$535,082$693,494
58$818,801$576,222$516,501$703,788
59$864,662$566,800$496,147$714,375
60$914,014$555,731$473,925$725,309
61$967,177$542,895$449,735$736,651
62$1,024,501$528,169$423,472$748,471
63$1,086,370$511,419$395,028$760,850
64$1,153,206$492,505$364,289$773,882
65$1,225,475$471,279$331,134$787,671
66$1,303,686$447,585$295,440$802,339
67$1,388,401$421,255$257,076$818,020
68$1,480,237$392,116$215,907$834,869
69$1,579,872$359,980$171,791$853,061
70$1,688,052$324,653$124,579$872,794
71$1,805,598$285,925$74,117$894,288
72$1,933,413$243,579$20,244$917,794
73$2,072,489$197,383$0$943,594
74$2,223,921$147,092$0$981,145
75$2,388,909$92,449$0$1,027,555
76$2,568,778$33,179$0$1,078,294
77$2,764,984$0$0$1,133,853
78$2,979,130$0$0$1,208,085
79$3,212,981$0$0$1,304,769
80$3,468,479$0$0$1,410,479
81$3,747,762$0$0$1,526,110
82$4,053,185$0$0$1,652,645
83$4,387,341$0$0$1,791,169
84$4,753,084$0$0$1,942,876
85$5,153,557$0$0$2,109,081
86$5,592,221$0$0$2,291,232
87$6,072,889$0$0$2,490,923
88$6,599,758$0$0$2,709,912
89$7,177,452$0$0$2,950,132
90$7,811,063$0$0$3,213,715
91$8,506,200$0$0$3,503,007
92$9,269,041$0$0$3,820,594
93$10,106,391$0$0$4,169,324
94$11,025,745$0$0$4,552,334
95$12,035,361$0$0$4,973,080
96$13,144,336$0$0$5,435,368
97$14,362,688$0$0$5,943,393
98$15,701,459$0$0$6,501,776
99$17,172,807$0$0$7,115,607
100$18,790,132$0$0$7,790,495