Can I retire at age 53 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$48,226$47,797$47,377$46,968$46,569$45,114
2 years$23,874$23,430$22,999$22,581$22,176$20,723
3 years$15,758$15,312$14,882$14,468$14,069$12,664
4 years$11,701$11,256$10,830$10,423$10,034$8,688
5 years$9,267$8,825$8,405$8,006$7,628$6,343
6 years$7,645$7,206$6,792$6,403$6,036$4,814
7 years$6,487$6,052$5,644$5,264$4,909$3,750
8 years$5,619$5,187$4,787$4,416$4,072$2,976
9 years$4,944$4,516$4,123$3,761$3,429$2,394
10 years$4,404$3,981$3,594$3,242$2,922$1,947
11 years$3,963$3,544$3,164$2,822$2,513$1,595
12 years$3,596$3,181$2,808$2,475$2,178$1,316
13 years$3,285$2,875$2,509$2,185$1,899$1,091
14 years$3,019$2,613$2,254$1,940$1,665$908
15 years$2,789$2,387$2,035$1,730$1,466$759
16 years$2,587$2,190$1,845$1,549$1,295$636
17 years$2,410$2,017$1,679$1,392$1,149$534
18 years$2,252$1,864$1,533$1,254$1,021$449
19 years$2,111$1,727$1,403$1,133$910$378
20 years$1,985$1,605$1,288$1,026$813$319
21 years$1,870$1,495$1,185$931$728$269
22 years$1,767$1,396$1,092$847$652$228
23 years$1,672$1,305$1,008$771$585$193
24 years$1,585$1,223$932$703$526$163
25 years$1,506$1,148$864$642$474$138
26 years$1,432$1,079$801$587$427$117
27 years$1,364$1,015$744$538$385$99
28 years$1,302$957$691$493$347$84
29 years$1,243$902$643$452$313$71
30 years$1,189$852$599$415$283$61
31 years$1,138$806$559$381$256$51
32 years$1,090$762$521$350$232$44
33 years$1,046$722$487$322$210$37
34 years$1,004$684$455$296$190$31
35 years$965$649$425$273$172$27
36 years$928$616$398$251$156$23
37 years$893$585$372$231$141$19
38 years$859$556$349$213$128$16
39 years$828$529$327$197$116$14
40 years$798$503$306$181$105$12
41 years$770$479$287$167$95$10
42 years$744$456$269$154$87$9
43 years$718$434$253$143$79$7
44 years$694$414$237$132$71$6
45 years$671$395$223$122$65$5
46 years$649$377$209$112$59$4
47 years$628$360$197$104$53$4
48 years$608$343$185$96$49$3
49 years$589$328$174$89$44$3
50 years$570$313$163$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $584,000, adding $2,459 every year, while hoping to spend $20,935 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: 61/10/29 Blend
52$584,000$584,000$584,000$584,000
53$646,104$615,152$606,100$680,316
54$689,732$623,020$604,130$711,785
55$737,109$630,572$601,392$743,658
56$788,594$637,770$597,839$778,013
57$844,584$644,574$593,420$815,097
58$905,515$650,941$588,083$855,183
59$971,866$656,826$581,772$898,573
60$1,044,166$662,181$574,431$945,599
61$1,122,995$666,952$565,999$996,628
62$1,208,994$671,085$556,413$1,052,065
63$1,302,864$674,522$545,606$1,112,358
64$1,405,382$677,199$533,510$1,177,999
65$1,517,401$679,051$520,051$1,249,534
66$1,639,858$680,007$505,155$1,327,564
67$1,773,787$679,991$488,742$1,412,751
68$1,920,328$678,925$470,729$1,505,828
69$2,080,732$676,723$451,029$1,607,603
70$2,256,380$673,296$429,553$1,718,967
71$2,448,792$668,549$406,204$1,840,903
72$2,659,641$662,380$380,884$1,974,495
73$2,890,771$654,683$353,490$2,120,942
74$3,144,211$645,344$323,913$2,281,562
75$3,422,197$634,242$292,041$2,457,813
76$3,727,192$621,251$257,755$2,651,301
77$4,061,908$606,235$220,933$2,863,800
78$4,429,334$589,051$181,445$3,097,263
79$4,832,760$569,549$139,157$3,353,847
80$5,275,811$547,567$93,929$3,635,931
81$5,762,483$522,936$45,614$3,946,137
82$6,297,174$495,478$0$4,287,360
83$6,884,731$465,002$0$4,664,629
84$7,530,494$431,308$0$5,094,805
85$8,240,347$394,184$0$5,567,691
86$9,020,769$353,405$0$6,087,620
87$9,878,901$308,736$0$6,659,365
88$10,822,610$259,925$0$7,288,190
89$11,860,563$206,708$0$7,979,892
90$13,002,310$148,806$0$8,740,860
91$14,258,372$85,924$0$9,578,136
92$15,640,342$17,751$0$10,499,480
93$17,160,993$0$0$11,513,442
94$18,834,398$0$0$12,635,615
95$20,676,064$0$0$13,872,825
96$22,703,079$0$0$15,234,604
97$24,934,267$0$0$16,733,607
98$27,390,374$0$0$18,383,779
99$30,094,258$0$0$20,200,483
100$33,071,104$0$0$22,200,650