Can I retire at age 53 with 578,000?

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 $578,000?

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 years$47,731$47,306$46,891$46,486$46,091$45,515
2 years$23,629$23,189$22,762$22,349$21,948$21,368
3 years$15,596$15,154$14,729$14,319$13,925$13,360
4 years$11,581$11,140$10,719$10,316$9,931$9,385
5 years$9,172$8,734$8,318$7,924$7,550$7,024
6 years$7,567$7,132$6,722$6,337$5,974$5,469
7 years$6,420$5,989$5,586$5,210$4,858$4,374
8 years$5,561$5,134$4,738$4,370$4,030$3,568
9 years$4,893$4,470$4,081$3,723$3,394$2,952
10 years$4,359$3,940$3,558$3,209$2,892$2,471
11 years$3,922$3,508$3,132$2,793$2,487$2,086
12 years$3,559$3,148$2,780$2,450$2,155$1,774
13 years$3,251$2,845$2,483$2,163$1,880$1,518
14 years$2,988$2,586$2,231$1,920$1,648$1,305
15 years$2,760$2,362$2,015$1,712$1,451$1,126
16 years$2,561$2,168$1,826$1,533$1,282$975
17 years$2,385$1,996$1,662$1,377$1,137$847
18 years$2,229$1,845$1,517$1,241$1,011$737
19 years$2,090$1,710$1,389$1,122$901$643
20 years$1,964$1,589$1,275$1,016$805$562
21 years$1,851$1,480$1,172$922$720$492
22 years$1,748$1,381$1,081$838$646$431
23 years$1,655$1,292$998$763$579$379
24 years$1,569$1,210$923$696$521$333
25 years$1,490$1,136$855$636$469$292
26 years$1,418$1,068$793$581$422$257
27 years$1,350$1,005$736$532$381$227
28 years$1,288$947$684$488$343$200
29 years$1,230$893$637$447$310$176
30 years$1,177$843$593$410$280$155
31 years$1,126$797$553$377$253$137
32 years$1,079$754$516$346$229$121
33 years$1,035$714$482$319$207$107
34 years$994$677$450$293$188$94
35 years$955$642$421$270$170$83
36 years$918$610$394$248$154$74
37 years$883$579$368$229$140$65
38 years$851$550$345$211$127$57
39 years$820$523$323$195$115$51
40 years$790$498$303$179$104$45
41 years$762$474$284$166$94$40
42 years$736$451$266$153$86$35
43 years$711$430$250$141$78$31
44 years$687$410$235$130$71$27
45 years$664$391$220$120$64$24
46 years$642$373$207$111$58$21
47 years$621$356$194$103$53$19
48 years$601$340$183$95$48$17
49 years$583$324$172$88$44$15
50 years$564$310$162$81$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $578,000, adding $6,928 every year, while hoping to spend $33,836 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: 43/46/11 Blend
52$578,000$578,000$578,000$578,000
53$644,102$613,468$604,509$669,460
54$673,799$607,527$588,759$681,899
55$705,392$600,160$571,347$691,415
56$739,037$591,263$552,182$700,968
57$774,907$580,724$531,169$710,575
58$813,191$568,423$508,207$720,257
59$854,096$554,235$483,191$730,041
60$897,850$538,029$456,014$739,957
61$944,700$519,662$426,560$750,041
62$994,920$498,986$394,711$760,340
63$1,048,809$475,843$360,341$770,903
64$1,106,696$450,068$323,320$781,792
65$1,168,941$421,483$283,513$793,077
66$1,235,939$389,902$240,777$804,839
67$1,308,126$355,128$194,965$817,173
68$1,385,979$316,954$145,920$830,187
69$1,470,022$275,158$93,482$844,005
70$1,560,832$229,508$37,481$858,768
71$1,659,042$179,759$0$874,639
72$1,765,348$125,651$0$894,416
73$1,880,515$66,910$0$920,558
74$2,005,386$3,246$0$948,919
75$2,140,884$0$0$979,791
76$2,288,027$0$0$1,046,730
77$2,447,936$0$0$1,121,324
78$2,621,841$0$0$1,202,513
79$2,811,098$0$0$1,290,938
80$3,017,196$0$0$1,387,304
81$3,241,776$0$0$1,492,387
82$3,486,643$0$0$1,607,041
83$3,753,785$0$0$1,732,207
84$4,045,387$0$0$1,868,919
85$4,363,857$0$0$2,018,316
86$4,711,845$0$0$2,181,653
87$5,092,268$0$0$2,360,311
88$5,508,339$0$0$2,555,810
89$5,963,593$0$0$2,769,824
90$6,461,926$0$0$3,004,197
91$7,007,625$0$0$3,260,960
92$7,605,413$0$0$3,542,348
93$8,260,491$0$0$3,850,824
94$8,978,584$0$0$4,189,100
95$9,766,002$0$0$4,560,163
96$10,629,693$0$0$4,967,303
97$11,577,308$0$0$5,414,145
98$12,617,276$0$0$5,904,680
99$13,758,882$0$0$6,443,306
100$15,012,354$0$0$7,034,867