Can I retire at age 53 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,887$48,451$48,026$47,612$47,207$46,482
2 years$24,201$23,751$23,314$22,890$22,479$21,751
3 years$15,974$15,521$15,086$14,666$14,262$13,553
4 years$11,861$11,410$10,978$10,566$10,172$9,487
5 years$9,394$8,945$8,520$8,116$7,732$7,074
6 years$7,750$7,305$6,885$6,490$6,118$5,487
7 years$6,576$6,134$5,722$5,336$4,976$4,372
8 years$5,696$5,258$4,852$4,476$4,128$3,551
9 years$5,012$4,578$4,179$3,813$3,476$2,927
10 years$4,465$4,036$3,644$3,287$2,962$2,439
11 years$4,017$3,593$3,208$2,860$2,547$2,051
12 years$3,645$3,225$2,847$2,509$2,208$1,736
13 years$3,330$2,914$2,543$2,215$1,925$1,478
14 years$3,060$2,649$2,285$1,966$1,687$1,265
15 years$2,827$2,420$2,063$1,754$1,486$1,086
16 years$2,623$2,220$1,871$1,570$1,313$936
17 years$2,443$2,045$1,702$1,411$1,164$809
18 years$2,283$1,889$1,554$1,271$1,035$701
19 years$2,140$1,751$1,423$1,149$923$608
20 years$2,012$1,627$1,306$1,040$824$529
21 years$1,896$1,516$1,201$944$738$461
22 years$1,791$1,415$1,107$859$661$402
23 years$1,695$1,323$1,022$782$593$351
24 years$1,607$1,240$945$713$533$306
25 years$1,526$1,163$875$651$480$268
26 years$1,452$1,093$812$595$432$234
27 years$1,383$1,029$754$545$390$205
28 years$1,319$970$701$499$352$180
29 years$1,260$915$652$458$318$158
30 years$1,205$864$607$420$287$138
31 years$1,154$817$566$386$259$121
32 years$1,105$773$528$355$235$106
33 years$1,060$732$493$326$212$93
34 years$1,018$694$461$300$192$82
35 years$978$658$431$276$174$72
36 years$940$624$403$254$158$63
37 years$905$593$377$234$143$56
38 years$871$564$353$216$130$49
39 years$839$536$331$199$118$43
40 years$809$510$310$184$107$38
41 years$781$485$291$170$97$33
42 years$754$462$273$156$88$29
43 years$728$440$256$144$80$26
44 years$703$420$240$133$72$22
45 years$680$400$226$123$66$20
46 years$658$382$212$114$60$17
47 years$636$364$199$105$54$15
48 years$616$348$187$97$49$13
49 years$597$332$176$90$45$12
50 years$578$317$165$83$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $592,000, adding $3,383 every year, while hoping to spend $21,817 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: 80/6/14 Blend
52$592,000$592,000$592,000$592,000
53$655,874$624,498$615,322$706,244
54$699,560$631,885$612,722$747,229
55$746,970$638,903$609,304$789,038
56$798,463$645,511$605,017$834,297
57$854,429$651,664$599,808$883,340
58$915,302$657,316$593,623$936,538
59$981,556$662,418$586,402$994,298
60$1,053,714$666,916$578,086$1,057,068
61$1,132,351$670,753$568,610$1,125,344
62$1,218,101$673,870$557,909$1,199,670
63$1,311,660$676,202$545,911$1,280,646
64$1,413,796$677,683$532,546$1,368,934
65$1,525,352$678,238$517,735$1,465,263
66$1,647,258$677,792$501,400$1,570,436
67$1,780,538$676,264$483,456$1,685,338
68$1,926,319$673,566$463,817$1,810,944
69$2,085,840$669,608$442,392$1,948,329
70$2,260,468$664,291$419,084$2,098,678
71$2,451,707$657,512$393,795$2,263,296
72$2,661,213$649,162$366,419$2,443,621
73$2,890,811$639,126$336,849$2,641,238
74$3,142,510$627,279$304,970$2,857,896
75$3,418,523$613,493$270,663$3,095,518
76$3,721,287$597,628$233,804$3,356,228
77$4,053,486$579,540$194,264$3,642,364
78$4,418,076$559,072$151,907$3,956,504
79$4,818,316$536,063$106,592$4,301,488
80$5,257,793$510,338$58,172$4,680,447
81$5,740,458$481,716$6,491$5,096,832
82$6,270,666$450,001$0$5,554,445
83$6,853,213$414,990$0$6,064,748
84$7,493,382$376,466$0$6,626,596
85$8,196,995$334,200$0$7,244,138
86$8,970,463$287,950$0$7,923,010
87$9,820,852$237,462$0$8,669,427
88$10,755,946$182,465$0$9,490,231
89$11,784,321$122,674$0$10,392,967
90$12,915,425$57,788$0$11,385,944
91$14,159,669$0$0$12,478,321
92$15,528,522$0$0$13,681,013
93$17,034,621$0$0$15,008,509
94$18,691,892$0$0$16,469,269
95$20,515,676$0$0$18,076,818
96$22,522,878$0$0$19,846,058
97$24,732,125$0$0$21,793,412
98$27,163,940$0$0$23,936,972
99$29,840,938$0$0$26,296,674
100$32,788,038$0$0$28,894,488