Can I retire at age 53 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$47,648$47,224$46,810$46,405$46,011$45,100
2 years$23,588$23,149$22,723$22,310$21,910$20,996
3 years$15,569$15,128$14,703$14,294$13,901$13,013
4 years$11,561$11,121$10,700$10,298$9,914$9,058
5 years$9,156$8,719$8,304$7,910$7,536$6,716
6 years$7,553$7,120$6,711$6,326$5,963$5,178
7 years$6,409$5,979$5,577$5,201$4,850$4,101
8 years$5,551$5,125$4,729$4,363$4,023$3,310
9 years$4,885$4,462$4,073$3,716$3,388$2,710
10 years$4,352$3,933$3,551$3,203$2,887$2,243
11 years$3,916$3,502$3,127$2,788$2,483$1,873
12 years$3,553$3,143$2,775$2,445$2,152$1,574
13 years$3,246$2,840$2,479$2,159$1,876$1,331
14 years$2,983$2,582$2,227$1,916$1,645$1,130
15 years$2,755$2,358$2,011$1,709$1,448$964
16 years$2,556$2,164$1,823$1,530$1,280$824
17 years$2,381$1,993$1,659$1,375$1,135$707
18 years$2,225$1,841$1,515$1,239$1,009$607
19 years$2,086$1,707$1,387$1,120$899$523
20 years$1,961$1,586$1,272$1,014$803$451
21 years$1,848$1,477$1,170$920$719$389
22 years$1,745$1,379$1,079$837$644$337
23 years$1,652$1,290$996$762$578$291
24 years$1,566$1,208$921$695$520$252
25 years$1,488$1,134$853$635$468$219
26 years$1,415$1,066$791$580$421$190
27 years$1,348$1,003$735$531$380$165
28 years$1,286$945$683$487$343$143
29 years$1,228$892$636$446$310$124
30 years$1,175$842$592$410$280$108
31 years$1,124$796$552$376$253$94
32 years$1,077$753$515$346$229$82
33 years$1,033$713$481$318$207$71
34 years$992$676$449$293$187$62
35 years$953$641$420$269$170$54
36 years$916$609$393$248$154$47
37 years$882$578$368$229$139$41
38 years$849$549$344$211$126$35
39 years$818$522$323$194$115$31
40 years$789$497$302$179$104$27
41 years$761$473$284$165$94$23
42 years$735$451$266$153$86$20
43 years$709$429$250$141$78$18
44 years$686$409$234$130$70$15
45 years$663$390$220$120$64$13
46 years$641$372$207$111$58$12
47 years$620$355$194$102$53$10
48 years$600$339$182$95$48$9
49 years$581$324$171$88$44$8
50 years$563$309$161$81$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $577,000, adding $5,533 every year, while hoping to spend $27,223 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: 35/48/17 Blend
52$577,000$577,000$577,000$577,000
53$641,561$610,980$602,037$660,495
54$678,035$611,953$593,240$675,759
55$717,318$612,062$583,236$689,266
56$759,665$611,234$571,956$703,262
57$805,362$609,395$559,327$717,805
58$854,718$606,465$545,274$732,962
59$908,076$602,358$529,717$748,808
60$965,810$596,984$512,573$765,428
61$1,028,335$590,248$493,756$782,917
62$1,096,103$582,049$473,175$801,384
63$1,169,615$572,278$450,736$820,951
64$1,249,418$560,822$426,338$841,755
65$1,336,117$547,561$399,879$863,950
66$1,430,377$532,367$371,250$887,709
67$1,532,926$515,104$340,338$913,225
68$1,644,571$495,631$307,026$940,716
69$1,766,195$473,794$271,189$970,427
70$1,898,771$449,434$232,698$1,002,628
71$2,043,372$422,383$191,419$1,037,624
72$2,201,176$392,460$147,212$1,075,755
73$2,373,482$359,476$99,929$1,117,402
74$2,561,718$323,231$49,418$1,162,987
75$2,767,457$283,514$0$1,212,982
76$2,992,432$240,100$0$1,268,728
77$3,238,549$192,754$0$1,339,616
78$3,507,909$141,227$0$1,417,356
79$3,802,822$85,253$0$1,502,708
80$4,125,835$24,556$0$1,596,512
81$4,479,752$0$0$1,699,703
82$4,867,661$0$0$1,835,054
83$5,292,962$0$0$1,997,757
84$5,759,401$0$0$2,176,285
85$6,271,103$0$0$2,372,227
86$6,832,613$0$0$2,587,335
87$7,448,935$0$0$2,823,539
88$8,125,583$0$0$3,082,962
89$8,868,629$0$0$3,367,946
90$9,684,766$0$0$3,681,071
91$10,581,361$0$0$4,025,176
92$11,566,535$0$0$4,403,391
93$12,649,231$0$0$4,819,166
94$13,839,305$0$0$5,276,299
95$15,147,611$0$0$5,778,974
96$16,586,110$0$0$6,331,805
97$18,167,979$0$0$6,939,870
98$19,907,737$0$0$7,608,768
99$21,821,379$0$0$8,344,665
100$23,926,529$0$0$9,154,359