Can I retire at age 53 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$47,813$47,387$46,972$46,566$46,170$44,479
2 years$23,670$23,229$22,802$22,388$21,986$20,301
3 years$15,623$15,180$14,754$14,344$13,949$12,323
4 years$11,601$11,159$10,737$10,334$9,948$8,394
5 years$9,188$8,749$8,333$7,938$7,563$6,084
6 years$7,580$7,144$6,734$6,348$5,984$4,582
7 years$6,431$6,000$5,596$5,219$4,867$3,541
8 years$5,571$5,143$4,746$4,378$4,037$2,787
9 years$4,902$4,478$4,088$3,729$3,400$2,223
10 years$4,367$3,947$3,564$3,214$2,897$1,791
11 years$3,929$3,514$3,137$2,798$2,491$1,455
12 years$3,565$3,154$2,784$2,454$2,159$1,189
13 years$3,257$2,850$2,488$2,166$1,883$976
14 years$2,993$2,591$2,235$1,923$1,650$805
15 years$2,765$2,367$2,018$1,715$1,453$666
16 years$2,565$2,171$1,830$1,536$1,284$552
17 years$2,389$2,000$1,665$1,380$1,139$459
18 years$2,233$1,848$1,520$1,243$1,013$382
19 years$2,093$1,713$1,391$1,124$902$318
20 years$1,968$1,591$1,277$1,018$806$266
21 years$1,854$1,482$1,175$924$721$222
22 years$1,751$1,384$1,082$840$647$186
23 years$1,658$1,294$999$765$580$155
24 years$1,572$1,212$924$697$522$130
25 years$1,493$1,138$856$637$469$109
26 years$1,420$1,069$794$582$423$91
27 years$1,353$1,006$737$533$381$76
28 years$1,290$948$685$488$344$64
29 years$1,233$895$638$448$311$54
30 years$1,179$845$594$411$281$45
31 years$1,128$799$554$378$254$38
32 years$1,081$756$517$347$230$32
33 years$1,037$716$483$319$208$27
34 years$995$678$451$294$188$22
35 years$956$643$422$270$170$19
36 years$920$611$394$249$154$16
37 years$885$580$369$229$140$13
38 years$852$551$346$211$127$11
39 years$821$524$324$195$115$9
40 years$792$499$304$180$104$8
41 years$764$475$285$166$95$7
42 years$737$452$267$153$86$6
43 years$712$431$251$141$78$5
44 years$688$411$235$130$71$4
45 years$665$392$221$120$64$3
46 years$643$374$207$111$58$3
47 years$622$356$195$103$53$2
48 years$603$340$183$95$48$2
49 years$584$325$172$88$44$2
50 years$565$310$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $579,000, adding $6,877 every year, while hoping to spend $39,054 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: 67/23/10 Blend
52$579,000$579,000$579,000$579,000
53$645,152$614,465$605,490$686,582
54$669,404$603,020$584,221$703,565
55$694,821$589,706$560,930$716,821
56$721,481$574,390$535,509$730,294
57$749,467$556,930$507,844$744,001
58$778,871$537,178$477,815$757,961
59$809,792$514,976$445,299$772,197
60$842,339$490,158$410,164$786,736
61$876,630$462,548$372,276$801,607
62$912,791$431,958$331,493$816,846
63$950,964$398,192$287,666$832,494
64$991,299$361,040$240,640$848,595
65$1,033,964$320,284$190,254$865,204
66$1,079,140$275,689$136,339$882,380
67$1,127,025$227,010$78,719$900,193
68$1,177,835$173,987$17,209$918,721
69$1,231,807$116,346$0$938,052
70$1,289,200$53,795$0$963,455
71$1,350,297$0$0$992,172
72$1,415,408$0$0$1,026,051
73$1,484,873$0$0$1,076,741
74$1,559,064$0$0$1,130,902
75$1,638,389$0$0$1,188,834
76$1,723,294$0$0$1,250,866
77$1,814,270$0$0$1,317,359
78$1,911,855$0$0$1,388,711
79$2,016,637$0$0$1,465,355
80$2,129,265$0$0$1,547,769
81$2,250,450$0$0$1,636,478
82$2,380,971$0$0$1,732,056
83$2,521,687$0$0$1,835,135
84$2,673,537$0$0$1,946,411
85$2,837,558$0$0$2,066,645
86$3,014,885$0$0$2,196,677
87$3,206,769$0$0$2,337,429
88$3,414,582$0$0$2,489,912
89$3,639,835$0$0$2,655,242
90$3,884,188$0$0$2,834,644
91$4,149,467$0$0$3,029,464
92$4,437,681$0$0$3,241,185
93$4,751,040$0$0$3,471,438
94$5,091,974$0$0$3,722,014
95$5,463,157$0$0$3,994,890
96$5,867,533$0$0$4,292,235
97$6,308,339$0$0$4,616,440
98$6,789,141$0$0$4,970,136
99$7,313,862$0$0$5,356,218
100$7,886,819$0$0$5,777,872