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%11.5%
1 years$47,235$46,814$46,404$46,003$45,612$45,325
2 years$23,384$22,948$22,526$22,117$21,720$21,430
3 years$15,434$14,997$14,576$14,171$13,780$13,497
4 years$11,460$11,024$10,608$10,209$9,828$9,553
5 years$9,077$8,643$8,232$7,842$7,471$7,206
6 years$7,488$7,058$6,653$6,271$5,912$5,656
7 years$6,354$5,927$5,528$5,156$4,808$4,562
8 years$5,503$5,081$4,688$4,325$3,989$3,753
9 years$4,842$4,424$4,038$3,684$3,359$3,133
10 years$4,314$3,899$3,521$3,176$2,862$2,646
11 years$3,882$3,471$3,099$2,764$2,461$2,255
12 years$3,522$3,116$2,751$2,424$2,133$1,936
13 years$3,218$2,816$2,458$2,140$1,860$1,672
14 years$2,957$2,559$2,208$1,900$1,630$1,452
15 years$2,731$2,338$1,994$1,694$1,436$1,266
16 years$2,534$2,145$1,808$1,517$1,269$1,107
17 years$2,360$1,976$1,645$1,363$1,125$972
18 years$2,206$1,825$1,501$1,228$1,000$855
19 years$2,068$1,692$1,375$1,110$892$754
20 years$1,944$1,572$1,261$1,005$796$666
21 years$1,832$1,464$1,160$912$713$590
22 years$1,730$1,367$1,069$830$639$523
23 years$1,638$1,278$987$755$573$464
24 years$1,553$1,198$913$689$515$413
25 years$1,475$1,124$846$629$464$367
26 years$1,403$1,056$784$575$418$327
27 years$1,336$994$728$527$377$291
28 years$1,275$937$677$483$340$260
29 years$1,218$884$630$442$307$232
30 years$1,164$835$587$406$277$207
31 years$1,115$789$547$373$251$185
32 years$1,068$747$511$343$227$165
33 years$1,024$707$477$315$205$148
34 years$983$670$445$290$186$132
35 years$945$636$416$267$168$118
36 years$908$603$390$246$152$106
37 years$874$573$365$227$138$95
38 years$842$545$341$209$125$85
39 years$811$518$320$193$114$76
40 years$782$493$300$178$103$68
41 years$754$469$281$164$93$61
42 years$728$447$264$151$85$54
43 years$703$426$247$140$77$49
44 years$680$406$232$129$70$44
45 years$657$387$218$119$63$39
46 years$635$369$205$110$58$35
47 years$615$352$192$102$52$31
48 years$595$336$181$94$48$28
49 years$576$321$170$87$43$25
50 years$558$307$160$80$39$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $572,000, adding $6,989 every year, while hoping to spend $39,403 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: 33/42/25 Blend
52$572,000$572,000$572,000$572,000
53$637,553$607,237$598,371$653,542
54$660,659$595,067$576,492$654,006
55$684,801$580,980$552,559$650,479
56$710,044$564,841$526,463$645,890
57$736,456$546,506$498,087$640,173
58$764,112$525,823$467,311$633,257
59$793,095$502,631$434,009$625,069
60$823,491$476,761$398,049$615,530
61$855,398$448,033$359,294$604,562
62$888,918$416,256$317,600$592,082
63$924,164$381,229$272,816$578,003
64$961,260$342,740$224,787$562,235
65$1,000,339$300,565$173,347$544,687
66$1,041,546$254,465$118,327$525,263
67$1,085,040$204,191$59,548$503,863
68$1,130,995$149,476$0$480,385
69$1,179,598$90,042$0$455,575
70$1,231,055$25,593$0$445,481
71$1,285,593$0$0$434,147
72$1,343,455$0$0$441,938
73$1,404,912$0$0$462,818
74$1,470,256$0$0$485,066
75$1,539,810$0$0$508,798
76$1,613,926$0$0$534,139
77$1,692,988$0$0$561,228
78$1,777,420$0$0$590,218
79$1,867,684$0$0$621,274
80$1,964,287$0$0$654,580
81$2,067,786$0$0$690,336
82$2,178,791$0$0$728,763
83$2,297,971$0$0$770,101
84$2,426,061$0$0$814,617
85$2,563,868$0$0$862,601
86$2,712,277$0$0$914,373
87$2,872,261$0$0$970,286
88$3,044,889$0$0$1,030,725
89$3,231,333$0$0$1,096,115
90$3,432,885$0$0$1,166,923
91$3,650,962$0$0$1,243,662
92$3,887,122$0$0$1,326,897
93$4,143,079$0$0$1,417,247
94$4,420,716$0$0$1,515,396
95$4,722,107$0$0$1,622,094
96$5,049,529$0$0$1,738,168
97$5,405,491$0$0$1,864,525
98$5,792,749$0$0$2,002,166
99$6,214,338$0$0$2,152,192
100$6,673,597$0$0$2,315,813