Can I retire at age 53 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$47,318$46,896$46,485$46,084$45,692$45,065
2 years$23,425$22,988$22,566$22,156$21,758$21,127
3 years$15,461$15,023$14,601$14,195$13,804$13,190
4 years$11,480$11,044$10,626$10,227$9,845$9,251
5 years$9,093$8,658$8,246$7,855$7,484$6,913
6 years$7,501$7,070$6,664$6,282$5,922$5,374
7 years$6,365$5,938$5,538$5,165$4,816$4,291
8 years$5,513$5,090$4,697$4,333$3,995$3,494
9 years$4,851$4,431$4,045$3,690$3,365$2,886
10 years$4,321$3,906$3,527$3,181$2,867$2,411
11 years$3,888$3,477$3,105$2,769$2,466$2,032
12 years$3,528$3,121$2,755$2,428$2,137$1,725
13 years$3,223$2,821$2,462$2,144$1,863$1,473
14 years$2,962$2,564$2,212$1,903$1,633$1,263
15 years$2,736$2,342$1,997$1,697$1,438$1,088
16 years$2,539$2,149$1,811$1,520$1,271$940
17 years$2,364$1,979$1,648$1,365$1,127$815
18 years$2,210$1,829$1,504$1,231$1,002$708
19 years$2,072$1,695$1,377$1,112$893$616
20 years$1,947$1,575$1,264$1,007$798$538
21 years$1,835$1,467$1,162$914$714$469
22 years$1,733$1,369$1,071$831$640$411
23 years$1,640$1,281$989$757$574$360
24 years$1,555$1,200$915$690$516$315
25 years$1,477$1,126$847$630$465$276
26 years$1,405$1,058$786$576$418$243
27 years$1,339$996$730$528$377$213
28 years$1,277$939$678$483$340$187
29 years$1,220$885$631$443$307$165
30 years$1,166$836$588$407$278$145
31 years$1,117$790$548$374$251$128
32 years$1,070$748$511$343$227$112
33 years$1,026$708$478$316$206$99
34 years$985$671$446$291$186$87
35 years$946$637$417$267$169$77
36 years$910$604$390$246$153$68
37 years$876$574$365$227$138$60
38 years$843$545$342$209$126$53
39 years$813$519$320$193$114$46
40 years$783$494$300$178$103$41
41 years$756$470$282$164$94$36
42 years$730$447$264$151$85$32
43 years$705$426$248$140$77$28
44 years$681$406$233$129$70$25
45 years$658$387$219$119$64$22
46 years$637$370$205$110$58$19
47 years$616$353$193$102$52$17
48 years$596$337$181$94$48$15
49 years$577$322$170$87$43$13
50 years$559$307$160$80$39$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $573,000, adding $2,569 every year, while hoping to spend $22,562 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$573,000$573,000$573,000$573,000
53$634,096$603,727$594,845$673,432
54$674,768$609,304$590,767$705,654
55$718,832$614,398$585,796$738,023
56$766,611$618,961$579,878$772,871
57$818,459$622,944$572,957$810,444
58$874,765$626,291$564,975$851,009
59$935,959$628,947$555,869$894,863
60$1,002,511$630,850$545,575$942,331
61$1,074,941$631,935$534,025$993,775
62$1,153,819$632,134$521,149$1,049,591
63$1,239,773$631,374$506,873$1,110,218
64$1,333,496$629,576$491,118$1,176,141
65$1,435,746$626,660$473,805$1,247,893
66$1,547,363$622,537$454,848$1,326,063
67$1,669,267$617,114$434,159$1,411,300
68$1,802,474$610,295$411,645$1,504,322
69$1,948,101$601,974$387,209$1,605,919
70$2,107,378$592,041$360,751$1,716,963
71$2,281,658$580,379$332,164$1,838,417
72$2,472,435$566,864$301,339$1,971,341
73$2,681,349$551,366$268,159$2,116,907
74$2,910,209$533,746$232,505$2,276,406
75$3,161,006$513,856$194,250$2,451,262
76$3,435,935$491,540$153,264$2,643,045
77$3,737,410$466,636$109,408$2,853,489
78$4,068,092$438,968$62,540$3,084,505
79$4,430,913$408,352$12,510$3,338,199
80$4,829,099$374,594$0$3,616,896
81$5,266,206$337,489$0$3,931,447
82$5,746,152$296,818$0$4,279,637
83$6,273,249$252,352$0$4,662,077
84$6,852,252$203,849$0$5,082,241
85$7,488,396$151,051$0$5,543,958
86$8,187,449$93,689$0$6,051,445
87$8,955,765$31,476$0$6,609,353
88$9,800,345$0$0$7,222,805
89$10,728,901$0$0$7,902,978
90$11,749,931$0$0$8,656,260
91$12,872,797$0$0$9,484,712
92$14,107,813$0$0$10,395,951
93$15,466,343$0$0$11,398,365
94$16,960,909$0$0$12,501,199
95$18,605,306$0$0$13,714,639
96$20,414,734$0$0$15,049,907
97$22,405,942$0$0$16,519,368
98$24,597,384$0$0$18,136,646
99$27,009,393$0$0$19,916,754
100$29,664,374$0$0$21,876,234