Can I retire at age 53 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$47,566$47,142$46,728$46,325$45,931$44,766
2 years$23,547$23,109$22,684$22,272$21,872$20,706
3 years$15,542$15,102$14,678$14,270$13,876$12,746
4 years$11,541$11,101$10,682$10,280$9,897$8,810
5 years$9,140$8,704$8,289$7,896$7,523$6,484
6 years$7,540$7,107$6,699$6,315$5,953$4,961
7 years$6,398$5,969$5,567$5,192$4,841$3,898
8 years$5,542$5,116$4,721$4,355$4,016$3,121
9 years$4,876$4,455$4,066$3,710$3,382$2,534
10 years$4,344$3,926$3,545$3,198$2,882$2,079
11 years$3,909$3,496$3,121$2,783$2,479$1,720
12 years$3,546$3,137$2,770$2,441$2,148$1,433
13 years$3,240$2,835$2,475$2,155$1,873$1,200
14 years$2,978$2,577$2,224$1,913$1,642$1,010
15 years$2,750$2,354$2,008$1,706$1,446$852
16 years$2,552$2,160$1,820$1,528$1,278$722
17 years$2,377$1,989$1,656$1,373$1,133$613
18 years$2,221$1,838$1,512$1,237$1,007$521
19 years$2,083$1,704$1,384$1,118$898$444
20 years$1,958$1,583$1,270$1,012$802$379
21 years$1,845$1,475$1,168$919$718$324
22 years$1,742$1,376$1,077$835$643$277
23 years$1,649$1,287$994$761$577$237
24 years$1,564$1,206$920$694$519$203
25 years$1,485$1,132$852$634$467$174
26 years$1,413$1,064$790$579$421$149
27 years$1,346$1,001$734$530$379$128
28 years$1,284$943$682$486$342$110
29 years$1,226$890$635$446$309$94
30 years$1,172$841$591$409$279$81
31 years$1,122$795$551$376$252$70
32 years$1,075$752$514$345$228$60
33 years$1,032$712$480$317$207$51
34 years$990$675$449$292$187$44
35 years$951$640$419$269$169$38
36 years$915$608$392$248$154$33
37 years$880$577$367$228$139$28
38 years$848$548$344$210$126$24
39 years$817$521$322$194$114$21
40 years$787$496$302$179$104$18
41 years$760$472$283$165$94$15
42 years$733$450$266$152$85$13
43 years$708$429$249$141$78$11
44 years$684$408$234$130$70$10
45 years$662$390$220$120$64$8
46 years$640$372$206$111$58$7
47 years$619$355$194$102$53$6
48 years$599$339$182$95$48$5
49 years$580$323$171$87$43$5
50 years$562$309$161$81$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $576,000, adding $3,049 every year, while hoping to spend $39,834 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: 37/49/14 Blend
52$576,000$576,000$576,000$576,000
53$637,897$607,369$598,441$658,669
54$660,579$594,747$576,106$661,223
55$684,240$580,172$551,687$659,934
56$708,938$563,505$525,073$657,678
57$734,734$544,601$496,148$654,389
58$761,695$523,305$464,788$649,996
59$789,896$499,455$430,866$644,427
60$819,414$472,876$394,248$637,607
61$850,335$443,388$354,796$629,455
62$882,750$410,796$312,363$619,890
63$916,762$374,895$266,798$608,826
64$952,477$335,471$217,942$596,172
65$990,015$292,294$165,628$581,836
66$1,029,504$245,124$109,684$565,722
67$1,071,084$193,705$49,928$547,729
68$1,114,906$137,769$0$527,753
69$1,161,138$77,031$0$507,756
70$1,209,960$11,191$0$493,654
71$1,261,568$0$0$477,897
72$1,316,179$0$0$492,790
73$1,374,027$0$0$514,995
74$1,435,368$0$0$538,581
75$1,500,484$0$0$563,661
76$1,569,681$0$0$590,359
77$1,643,294$0$0$618,810
78$1,721,692$0$0$649,162
79$1,805,276$0$0$681,578
80$1,894,487$0$0$716,236
81$1,989,807$0$0$753,331
82$2,091,765$0$0$793,077
83$2,200,941$0$0$835,708
84$2,317,971$0$0$881,482
85$2,443,554$0$0$930,682
86$2,578,453$0$0$983,618
87$2,723,511$0$0$1,040,631
88$2,879,650$0$0$1,102,094
89$3,047,882$0$0$1,168,420
90$3,229,322$0$0$1,240,059
91$3,425,190$0$0$1,317,507
92$3,636,831$0$0$1,401,311
93$3,865,721$0$0$1,492,069
94$4,113,483$0$0$1,590,441
95$4,381,900$0$0$1,697,151
96$4,672,935$0$0$1,812,997
97$4,988,743$0$0$1,938,856
98$5,331,698$0$0$2,075,692
99$5,704,408$0$0$2,224,566
100$6,109,745$0$0$2,386,646