Can I retire at age 53 with 571,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$47,153$46,733$46,323$45,923$45,532$43,812
2 years$23,343$22,908$22,487$22,078$21,682$19,969
3 years$15,407$14,971$14,550$14,146$13,756$12,104
4 years$11,440$11,005$10,589$10,191$9,811$8,233
5 years$9,061$8,628$8,218$7,828$7,458$5,957
6 years$7,475$7,046$6,641$6,260$5,901$4,479
7 years$6,343$5,917$5,519$5,147$4,799$3,456
8 years$5,494$5,072$4,680$4,317$3,982$2,715
9 years$4,834$4,416$4,031$3,677$3,353$2,162
10 years$4,306$3,892$3,514$3,170$2,857$1,739
11 years$3,875$3,465$3,094$2,759$2,457$1,409
12 years$3,516$3,110$2,746$2,420$2,129$1,149
13 years$3,212$2,811$2,453$2,136$1,857$942
14 years$2,952$2,555$2,204$1,896$1,628$775
15 years$2,727$2,334$1,990$1,691$1,433$639
16 years$2,530$2,141$1,804$1,514$1,267$529
17 years$2,356$1,972$1,642$1,361$1,123$439
18 years$2,202$1,822$1,499$1,226$999$364
19 years$2,064$1,689$1,372$1,108$890$303
20 years$1,941$1,569$1,259$1,004$795$252
21 years$1,829$1,462$1,158$911$711$210
22 years$1,727$1,365$1,068$828$638$175
23 years$1,635$1,276$986$754$572$146
24 years$1,550$1,196$912$688$515$122
25 years$1,472$1,122$844$628$463$102
26 years$1,400$1,055$783$574$417$85
27 years$1,334$993$727$526$376$71
28 years$1,273$935$676$482$339$60
29 years$1,216$882$629$442$306$50
30 years$1,162$833$586$405$277$42
31 years$1,113$788$546$372$250$35
32 years$1,066$745$510$342$226$29
33 years$1,023$706$476$315$205$25
34 years$982$669$445$290$185$21
35 years$943$635$416$267$168$17
36 years$907$602$389$245$152$14
37 years$873$572$364$226$138$12
38 years$840$544$341$208$125$10
39 years$810$517$319$192$113$8
40 years$781$492$299$177$103$7
41 years$753$468$281$164$93$6
42 years$727$446$263$151$85$5
43 years$702$425$247$139$77$4
44 years$678$405$232$129$70$3
45 years$656$386$218$119$63$3
46 years$634$368$205$110$58$2
47 years$614$352$192$101$52$2
48 years$594$336$181$94$47$2
49 years$575$320$170$87$43$1
50 years$557$306$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $571,000, adding $3,765 every year, while hoping to spend $29,970 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: 39/38/23 Blend
52$571,000$571,000$571,000$571,000
53$633,126$602,863$594,012$653,361
54$665,817$600,515$582,024$665,990
55$700,838$597,048$568,629$676,542
56$738,395$592,375$553,750$687,352
57$778,714$586,404$537,303$698,461
58$822,043$579,038$519,203$709,917
59$868,654$570,174$499,360$721,775
60$918,848$559,703$477,679$734,097
61$972,950$547,509$454,061$746,954
62$1,031,324$533,470$428,405$760,430
63$1,094,364$517,455$400,602$774,615
64$1,162,506$499,327$370,539$789,617
65$1,236,229$478,942$338,099$805,555
66$1,316,059$456,144$303,160$822,565
67$1,402,575$430,773$265,594$840,801
68$1,496,411$402,655$225,265$860,435
69$1,598,269$371,608$182,035$881,661
70$1,708,916$337,441$135,757$904,701
71$1,829,199$299,950$86,279$929,800
72$1,960,050$258,919$33,441$957,234
73$2,102,492$214,123$0$987,314
74$2,257,652$165,321$0$1,026,019
75$2,426,771$112,260$0$1,077,232
76$2,611,214$54,673$0$1,133,215
77$2,812,482$0$0$1,194,503
78$3,032,230$0$0$1,264,915
79$3,272,277$0$0$1,366,877
80$3,534,629$0$0$1,478,387
81$3,821,490$0$0$1,600,392
82$4,135,291$0$0$1,733,934
83$4,478,706$0$0$1,880,161
84$4,854,680$0$0$2,040,340
85$5,266,456$0$0$2,215,860
86$5,717,606$0$0$2,408,258
87$6,212,064$0$0$2,619,221
88$6,754,161$0$0$2,850,609
89$7,348,669$0$0$3,104,473
90$8,000,843$0$0$3,383,068
91$8,716,470$0$0$3,688,881
92$9,501,927$0$0$4,024,650
93$10,364,237$0$0$4,393,392
94$11,311,135$0$0$4,798,430
95$12,351,143$0$0$5,243,425
96$13,493,650$0$0$5,732,409
97$14,748,998$0$0$6,269,825
98$16,128,580$0$0$6,860,568
99$17,644,947$0$0$7,510,030
100$19,311,928$0$0$8,224,153