Can I retire at age 53 with 572,000?

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 $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%19%
1 years$47,235$46,814$46,404$46,003$45,612$43,959
2 years$23,384$22,948$22,526$22,117$21,720$20,072
3 years$15,434$14,997$14,576$14,171$13,780$12,190
4 years$11,460$11,024$10,608$10,209$9,828$8,308
5 years$9,077$8,643$8,232$7,842$7,471$6,025
6 years$7,488$7,058$6,653$6,271$5,912$4,540
7 years$6,354$5,927$5,528$5,156$4,808$3,510
8 years$5,503$5,081$4,688$4,325$3,989$2,764
9 years$4,842$4,424$4,038$3,684$3,359$2,206
10 years$4,314$3,899$3,521$3,176$2,862$1,779
11 years$3,882$3,471$3,099$2,764$2,461$1,446
12 years$3,522$3,116$2,751$2,424$2,133$1,182
13 years$3,218$2,816$2,458$2,140$1,860$972
14 years$2,957$2,559$2,208$1,900$1,630$802
15 years$2,731$2,338$1,994$1,694$1,436$663
16 years$2,534$2,145$1,808$1,517$1,269$551
17 years$2,360$1,976$1,645$1,363$1,125$458
18 years$2,206$1,825$1,501$1,228$1,000$381
19 years$2,068$1,692$1,375$1,110$892$318
20 years$1,944$1,572$1,261$1,005$796$266
21 years$1,832$1,464$1,160$912$713$222
22 years$1,730$1,367$1,069$830$639$186
23 years$1,638$1,278$987$755$573$156
24 years$1,553$1,198$913$689$515$130
25 years$1,475$1,124$846$629$464$109
26 years$1,403$1,056$784$575$418$92
27 years$1,336$994$728$527$377$77
28 years$1,275$937$677$483$340$65
29 years$1,218$884$630$442$307$54
30 years$1,164$835$587$406$277$45
31 years$1,115$789$547$373$251$38
32 years$1,068$747$511$343$227$32
33 years$1,024$707$477$315$205$27
34 years$983$670$445$290$186$23
35 years$945$636$416$267$168$19
36 years$908$603$390$246$152$16
37 years$874$573$365$227$138$13
38 years$842$545$341$209$125$11
39 years$811$518$320$193$114$9
40 years$782$493$300$178$103$8
41 years$754$469$281$164$93$7
42 years$728$447$264$151$85$6
43 years$703$426$247$140$77$5
44 years$680$406$232$129$70$4
45 years$657$387$218$119$63$3
46 years$635$369$205$110$58$3
47 years$615$352$192$102$52$2
48 years$595$336$181$94$48$2
49 years$576$321$170$87$43$2
50 years$558$307$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 $572,000, adding $6,649 every year, while hoping to spend $27,403 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: 67/14/19 Blend
52$572,000$572,000$572,000$572,000
53$637,202$606,886$598,020$676,470
54$673,041$607,467$588,898$704,162
55$711,616$607,158$578,551$730,642
56$753,178$605,887$566,910$758,934
57$798,003$603,575$553,902$789,215
58$846,391$600,143$539,450$821,683
59$898,676$595,503$523,474$856,553
60$955,221$589,563$505,891$894,065
61$1,016,428$582,225$486,612$934,483
62$1,082,736$573,387$465,546$978,100
63$1,154,631$562,939$442,598$1,025,238
64$1,232,645$550,764$417,666$1,076,254
65$1,317,364$536,741$390,647$1,131,543
66$1,409,432$520,739$361,431$1,191,539
67$1,509,559$502,620$329,904$1,256,723
68$1,618,525$482,238$295,946$1,327,628
69$1,737,187$459,440$259,433$1,404,838
70$1,866,490$434,063$220,234$1,489,003
71$2,007,473$405,934$178,213$1,580,837
72$2,161,281$374,870$133,229$1,681,131
73$2,329,172$340,679$85,133$1,790,757
74$2,512,532$303,157$33,769$1,910,678
75$2,712,887$262,089$0$2,041,957
76$2,931,917$217,247$0$2,190,035
77$3,171,471$168,390$0$2,359,523
78$3,433,585$115,265$0$2,545,035
79$3,720,502$57,604$0$2,748,187
80$4,034,690$0$0$2,970,760
81$4,378,867$0$0$3,215,467
82$4,756,029$0$0$3,493,386
83$5,169,473$0$0$3,798,075
84$5,622,831$0$0$4,132,217
85$6,120,102$0$0$4,498,763
86$6,665,693$0$0$4,900,965
87$7,264,456$0$0$5,342,408
88$7,921,737$0$0$5,827,036
89$8,643,425$0$0$6,359,197
90$9,436,005$0$0$6,943,679
91$10,306,624$0$0$7,585,758
92$11,263,152$0$0$8,291,244
93$12,314,261$0$0$9,066,539
94$13,469,505$0$0$9,918,697
95$14,739,409$0$0$10,855,486
96$16,135,567$0$0$11,885,468
97$17,670,754$0$0$13,018,075
98$19,359,046$0$0$14,263,696
99$21,215,948$0$0$15,633,780
100$23,258,546$0$0$17,140,942