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%13.1%
1 years$47,566$47,142$46,728$46,325$45,931$45,338
2 years$23,547$23,109$22,684$22,272$21,872$21,276
3 years$15,542$15,102$14,678$14,270$13,876$13,295
4 years$11,541$11,101$10,682$10,280$9,897$9,335
5 years$9,140$8,704$8,289$7,896$7,523$6,982
6 years$7,540$7,107$6,699$6,315$5,953$5,434
7 years$6,398$5,969$5,567$5,192$4,841$4,344
8 years$5,542$5,116$4,721$4,355$4,016$3,541
9 years$4,876$4,455$4,066$3,710$3,382$2,929
10 years$4,344$3,926$3,545$3,198$2,882$2,449
11 years$3,909$3,496$3,121$2,783$2,479$2,067
12 years$3,546$3,137$2,770$2,441$2,148$1,757
13 years$3,240$2,835$2,475$2,155$1,873$1,502
14 years$2,978$2,577$2,224$1,913$1,642$1,290
15 years$2,750$2,354$2,008$1,706$1,446$1,113
16 years$2,552$2,160$1,820$1,528$1,278$963
17 years$2,377$1,989$1,656$1,373$1,133$836
18 years$2,221$1,838$1,512$1,237$1,007$727
19 years$2,083$1,704$1,384$1,118$898$634
20 years$1,958$1,583$1,270$1,012$802$554
21 years$1,845$1,475$1,168$919$718$484
22 years$1,742$1,376$1,077$835$643$424
23 years$1,649$1,287$994$761$577$372
24 years$1,564$1,206$920$694$519$326
25 years$1,485$1,132$852$634$467$287
26 years$1,413$1,064$790$579$421$252
27 years$1,346$1,001$734$530$379$222
28 years$1,284$943$682$486$342$195
29 years$1,226$890$635$446$309$172
30 years$1,172$841$591$409$279$152
31 years$1,122$795$551$376$252$134
32 years$1,075$752$514$345$228$118
33 years$1,032$712$480$317$207$104
34 years$990$675$449$292$187$92
35 years$951$640$419$269$169$81
36 years$915$608$392$248$154$71
37 years$880$577$367$228$139$63
38 years$848$548$344$210$126$56
39 years$817$521$322$194$114$49
40 years$787$496$302$179$104$43
41 years$760$472$283$165$94$38
42 years$733$450$266$152$85$34
43 years$708$429$249$141$78$30
44 years$684$408$234$130$70$27
45 years$662$390$220$120$64$23
46 years$640$372$206$111$58$21
47 years$619$355$194$102$53$18
48 years$599$339$182$95$48$16
49 years$580$323$171$87$43$14
50 years$562$309$161$81$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $576,000, adding $4,981 every year, while hoping to spend $26,580 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: 46/44/10 Blend
52$576,000$576,000$576,000$576,000
53$639,890$609,362$600,434$667,316
54$676,878$610,940$592,268$688,350
55$716,748$611,704$582,937$708,014
56$759,765$611,587$572,374$728,740
57$806,223$610,516$560,510$750,638
58$856,441$608,415$547,271$773,827
59$910,773$605,203$532,580$798,441
60$969,607$600,793$516,357$824,627
61$1,033,369$595,093$498,516$852,552
62$1,102,528$588,008$478,972$882,400
63$1,177,599$579,434$457,631$914,373
64$1,259,150$569,262$434,397$948,702
65$1,347,804$557,376$409,170$985,636
66$1,444,248$543,656$381,845$1,025,459
67$1,549,236$527,970$352,312$1,068,480
68$1,663,600$510,183$320,457$1,115,047
69$1,788,255$490,149$286,159$1,165,544
70$1,924,205$467,714$249,294$1,220,397
71$2,072,559$442,717$209,730$1,280,080
72$2,234,536$414,986$167,332$1,345,116
73$2,411,477$384,340$121,957$1,416,088
74$2,604,861$350,585$73,455$1,493,641
75$2,816,313$313,520$21,673$1,578,490
76$3,047,625$272,931$0$1,671,427
77$3,300,768$228,590$0$1,776,914
78$3,577,914$180,258$0$1,895,040
79$3,881,454$127,683$0$2,024,584
80$4,214,020$70,597$0$2,166,759
81$4,578,512$8,719$0$2,322,904
82$4,978,125$0$0$2,494,501
83$5,416,375$0$0$2,711,390
84$5,897,136$0$0$2,954,018
85$6,424,677$0$0$3,220,326
86$7,003,697$0$0$3,512,693
87$7,639,373$0$0$3,833,745
88$8,337,410$0$0$4,186,372
89$9,104,089$0$0$4,573,756
90$9,946,331$0$0$4,999,405
91$10,871,762$0$0$5,467,182
92$11,888,779$0$0$5,981,345
93$13,006,638$0$0$6,546,583
94$14,235,532$0$0$7,168,061
95$15,586,694$0$0$7,851,473
96$17,072,496$0$0$8,603,090
97$18,706,573$0$0$9,429,820
98$20,503,946$0$0$10,339,277
99$22,481,163$0$0$11,339,849
100$24,656,460$0$0$12,440,777