Can I retire at age 53 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$47,400$46,978$46,566$46,164$45,772$44,792
2 years$23,466$23,029$22,605$22,194$21,796$20,814
3 years$15,488$15,049$14,627$14,220$13,828$12,875
4 years$11,500$11,063$10,645$10,245$9,862$8,944
5 years$9,108$8,673$8,261$7,869$7,497$6,617
6 years$7,514$7,083$6,676$6,293$5,932$5,091
7 years$6,376$5,948$5,548$5,174$4,825$4,023
8 years$5,523$5,098$4,705$4,340$4,002$3,239
9 years$4,859$4,439$4,052$3,697$3,371$2,646
10 years$4,329$3,913$3,533$3,187$2,872$2,185
11 years$3,895$3,483$3,110$2,773$2,470$1,819
12 years$3,534$3,126$2,760$2,433$2,140$1,526
13 years$3,229$2,825$2,466$2,148$1,866$1,286
14 years$2,967$2,568$2,216$1,906$1,636$1,089
15 years$2,741$2,346$2,001$1,700$1,441$926
16 years$2,543$2,153$1,814$1,522$1,273$790
17 years$2,369$1,982$1,651$1,368$1,129$675
18 years$2,214$1,832$1,507$1,233$1,004$579
19 years$2,075$1,698$1,379$1,114$895$497
20 years$1,951$1,578$1,266$1,009$799$427
21 years$1,838$1,469$1,164$916$715$368
22 years$1,736$1,372$1,073$832$641$317
23 years$1,643$1,283$991$758$575$273
24 years$1,558$1,202$916$691$517$236
25 years$1,480$1,128$849$631$465$204
26 years$1,408$1,060$787$577$419$176
27 years$1,341$998$731$528$378$153
28 years$1,279$940$680$484$341$132
29 years$1,222$887$632$444$308$114
30 years$1,168$838$589$408$278$99
31 years$1,118$792$549$374$252$86
32 years$1,072$749$512$344$228$74
33 years$1,028$710$478$316$206$64
34 years$987$672$447$291$186$56
35 years$948$638$418$268$169$48
36 years$912$605$391$247$153$42
37 years$877$575$366$227$139$36
38 years$845$546$343$210$126$32
39 years$814$520$321$193$114$27
40 years$785$494$301$178$103$24
41 years$757$471$282$164$94$21
42 years$731$448$265$152$85$18
43 years$706$427$248$140$77$16
44 years$682$407$233$129$70$13
45 years$659$388$219$119$64$12
46 years$638$370$206$110$58$10
47 years$617$353$193$102$52$9
48 years$597$337$181$94$48$8
49 years$578$322$171$87$43$7
50 years$560$308$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $574,000, adding $3,007 every year, while hoping to spend $25,983 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: 39/47/14 Blend
52$574,000$574,000$574,000$574,000
53$635,650$605,228$596,331$657,659
54$672,840$607,238$588,662$675,600
55$712,953$608,476$579,866$692,236
56$756,260$608,877$569,876$709,661
57$803,057$608,370$558,626$727,958
58$853,672$606,883$546,043$747,222
59$908,463$604,338$532,052$767,558
60$967,826$600,650$516,576$789,082
61$1,032,196$595,733$499,532$811,927
62$1,102,049$589,493$480,836$836,240
63$1,177,911$581,832$460,397$862,185
64$1,260,360$572,643$438,122$889,944
65$1,350,031$561,817$413,914$919,723
66$1,447,624$549,236$387,669$951,749
67$1,553,907$534,774$359,282$986,275
68$1,669,728$518,301$328,641$1,023,585
69$1,796,019$499,676$295,628$1,063,994
70$1,933,805$478,752$260,124$1,107,852
71$2,084,214$455,372$221,999$1,155,548
72$2,248,490$429,371$181,122$1,207,516
73$2,428,000$400,574$137,354$1,264,238
74$2,624,250$368,796$90,549$1,326,249
75$2,838,898$333,842$40,557$1,394,143
76$3,073,770$295,505$0$1,468,581
77$3,330,877$253,567$0$1,552,205
78$3,612,431$207,796$0$1,650,508
79$3,920,870$157,949$0$1,758,352
80$4,258,879$103,769$0$1,876,763
81$4,629,415$44,984$0$2,006,878
82$5,035,733$0$0$2,149,955
83$5,481,421$0$0$2,317,054
84$5,970,428$0$0$2,525,999
85$6,507,106$0$0$2,755,394
86$7,096,247$0$0$3,007,296
87$7,743,131$0$0$3,283,974
88$8,453,574$0$0$3,587,926
89$9,233,983$0$0$3,921,905
90$10,091,414$0$0$4,288,942
91$11,033,644$0$0$4,692,377
92$12,069,238$0$0$5,135,890
93$13,207,633$0$0$5,623,536
94$14,459,225$0$0$6,159,780
95$15,835,468$0$0$6,749,545
96$17,348,983$0$0$7,398,252
97$19,013,672$0$0$8,111,876
98$20,844,855$0$0$8,896,997
99$22,859,410$0$0$9,760,869
100$25,075,933$0$0$10,711,481