Can I retire at age 53 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$47,235$46,814$46,404$46,003$45,612$44,473
2 years$23,384$22,948$22,526$22,117$21,720$20,580
3 years$15,434$14,997$14,576$14,171$13,780$12,674
4 years$11,460$11,024$10,608$10,209$9,828$8,765
5 years$9,077$8,643$8,232$7,842$7,471$6,454
6 years$7,488$7,058$6,653$6,271$5,912$4,941
7 years$6,354$5,927$5,528$5,156$4,808$3,884
8 years$5,503$5,081$4,688$4,325$3,989$3,112
9 years$4,842$4,424$4,038$3,684$3,359$2,528
10 years$4,314$3,899$3,521$3,176$2,862$2,076
11 years$3,882$3,471$3,099$2,764$2,461$1,719
12 years$3,522$3,116$2,751$2,424$2,133$1,433
13 years$3,218$2,816$2,458$2,140$1,860$1,201
14 years$2,957$2,559$2,208$1,900$1,630$1,011
15 years$2,731$2,338$1,994$1,694$1,436$854
16 years$2,534$2,145$1,808$1,517$1,269$723
17 years$2,360$1,976$1,645$1,363$1,125$615
18 years$2,206$1,825$1,501$1,228$1,000$523
19 years$2,068$1,692$1,375$1,110$892$446
20 years$1,944$1,572$1,261$1,005$796$381
21 years$1,832$1,464$1,160$912$713$326
22 years$1,730$1,367$1,069$830$639$279
23 years$1,638$1,278$987$755$573$239
24 years$1,553$1,198$913$689$515$205
25 years$1,475$1,124$846$629$464$176
26 years$1,403$1,056$784$575$418$151
27 years$1,336$994$728$527$377$129
28 years$1,275$937$677$483$340$111
29 years$1,218$884$630$442$307$96
30 years$1,164$835$587$406$277$82
31 years$1,115$789$547$373$251$71
32 years$1,068$747$511$343$227$61
33 years$1,024$707$477$315$205$52
34 years$983$670$445$290$186$45
35 years$945$636$416$267$168$39
36 years$908$603$390$246$152$33
37 years$874$573$365$227$138$29
38 years$842$545$341$209$125$25
39 years$811$518$320$193$114$21
40 years$782$493$300$178$103$18
41 years$754$469$281$164$93$16
42 years$728$447$264$151$85$14
43 years$703$426$247$140$77$12
44 years$680$406$232$129$70$10
45 years$657$387$218$119$63$9
46 years$635$369$205$110$58$7
47 years$615$352$192$102$52$6
48 years$595$336$181$94$48$6
49 years$576$321$170$87$43$5
50 years$558$307$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 $572,000, adding $4,978 every year, while hoping to spend $39,842 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: 33/45/22 Blend
52$572,000$572,000$572,000$572,000
53$635,479$605,163$596,297$652,021
54$657,906$592,424$573,881$652,065
55$681,286$577,726$549,379$648,143
56$705,672$560,930$522,679$643,099
57$731,126$541,891$493,664$636,860
58$757,710$520,453$462,211$629,349
59$785,494$496,453$428,193$620,484
60$814,553$469,717$391,475$610,181
61$844,967$440,063$351,920$598,351
62$876,825$407,297$309,380$584,901
63$910,220$371,214$263,703$569,736
64$945,257$331,598$214,732$552,753
65$982,046$288,219$162,298$533,848
66$1,020,710$240,837$106,230$512,912
67$1,061,380$189,196$46,347$489,831
68$1,104,200$133,025$0$464,488
69$1,149,326$72,041$0$440,881
70$1,196,929$5,943$0$426,641
71$1,247,194$0$0$410,794
72$1,300,323$0$0$425,733
73$1,356,538$0$0$444,691
74$1,416,080$0$0$464,812
75$1,479,212$0$0$486,191
76$1,546,222$0$0$508,930
77$1,617,426$0$0$533,143
78$1,693,167$0$0$558,953
79$1,773,823$0$0$586,495
80$1,859,806$0$0$615,919
81$1,951,569$0$0$647,386
82$2,049,607$0$0$681,075
83$2,154,462$0$0$717,182
84$2,266,730$0$0$755,921
85$2,387,063$0$0$797,527
86$2,516,178$0$0$842,258
87$2,654,861$0$0$890,399
88$2,803,972$0$0$942,260
89$2,964,460$0$0$998,184
90$3,137,365$0$0$1,058,547
91$3,323,827$0$0$1,123,760
92$3,525,101$0$0$1,194,279
93$3,742,566$0$0$1,270,601
94$3,977,736$0$0$1,353,274
95$4,232,277$0$0$1,442,903
96$4,508,019$0$0$1,540,148
97$4,806,974$0$0$1,645,740
98$5,131,355$0$0$1,760,480
99$5,483,596$0$0$1,885,250
100$5,866,374$0$0$2,021,021