Can I retire at age 53 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$41,868$41,495$41,131$40,776$40,429$39,182
2 years$20,727$20,341$19,966$19,604$19,252$18,006
3 years$13,680$13,293$12,920$12,560$12,214$11,009
4 years$10,158$9,772$9,402$9,049$8,711$7,556
5 years$8,045$7,661$7,296$6,950$6,622$5,520
6 years$6,637$6,256$5,897$5,558$5,240$4,192
7 years$5,632$5,254$4,900$4,570$4,261$3,267
8 years$4,878$4,503$4,156$3,834$3,535$2,594
9 years$4,292$3,921$3,579$3,265$2,977$2,088
10 years$3,824$3,456$3,121$2,815$2,537$1,699
11 years$3,441$3,077$2,747$2,450$2,182$1,393
12 years$3,122$2,762$2,438$2,149$1,891$1,150
13 years$2,852$2,496$2,178$1,897$1,649$954
14 years$2,621$2,268$1,957$1,684$1,445$795
15 years$2,421$2,072$1,767$1,502$1,272$664
16 years$2,246$1,901$1,602$1,345$1,125$557
17 years$2,092$1,751$1,458$1,208$997$468
18 years$1,955$1,618$1,331$1,089$887$394
19 years$1,833$1,500$1,218$984$790$332
20 years$1,723$1,393$1,118$891$706$280
21 years$1,624$1,298$1,028$809$632$237
22 years$1,534$1,212$948$735$566$200
23 years$1,451$1,133$875$670$508$170
24 years$1,376$1,062$809$611$457$144
25 years$1,307$996$750$558$411$122
26 years$1,243$936$695$510$370$103
27 years$1,185$881$646$467$334$88
28 years$1,130$830$600$428$301$74
29 years$1,079$783$559$392$272$63
30 years$1,032$740$520$360$246$54
31 years$988$699$485$331$222$46
32 years$947$662$453$304$201$39
33 years$908$627$423$279$182$33
34 years$872$594$395$257$165$28
35 years$837$563$369$237$149$24
36 years$805$535$345$218$135$20
37 years$775$508$323$201$122$17
38 years$746$483$303$185$111$15
39 years$719$459$284$171$101$12
40 years$693$437$266$157$91$11
41 years$669$416$249$145$83$9
42 years$645$396$234$134$75$8
43 years$623$377$219$124$68$6
44 years$602$360$206$114$62$6
45 years$582$343$193$105$56$5
46 years$563$327$182$97$51$4
47 years$545$312$171$90$46$3
48 years$528$298$160$83$42$3
49 years$511$285$151$77$38$2
50 years$495$272$142$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $507,000, adding $4,798 every year, while hoping to spend $37,890 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: 74/8/18 Blend
52$507,000$507,000$507,000$507,000
53$563,663$536,792$528,934$602,678
54$580,842$522,780$506,338$615,175
55$598,503$506,812$481,716$623,765
56$616,656$488,751$454,959$632,187
57$635,310$468,454$425,954$640,415
58$654,472$445,769$394,585$648,421
59$674,151$420,535$360,726$656,175
60$694,354$392,581$324,250$663,646
61$715,089$361,728$285,023$670,799
62$736,360$327,785$242,904$677,596
63$758,174$290,552$197,746$683,999
64$780,534$249,815$149,397$689,963
65$803,443$205,350$97,696$695,444
66$826,903$156,921$42,478$700,390
67$850,913$104,276$0$704,750
68$875,471$47,151$0$711,625
69$900,574$0$0$726,706
70$926,215$0$0$743,092
71$952,386$0$0$764,049
72$979,075$0$0$785,416
73$1,006,267$0$0$807,181
74$1,033,943$0$0$829,328
75$1,062,081$0$0$851,838
76$1,090,653$0$0$874,688
77$1,119,627$0$0$897,852
78$1,148,965$0$0$921,298
79$1,178,621$0$0$944,990
80$1,208,546$0$0$968,884
81$1,238,679$0$0$992,932
82$1,268,951$0$0$1,017,077
83$1,299,284$0$0$1,041,255
84$1,329,590$0$0$1,065,392
85$1,359,768$0$0$1,089,407
86$1,389,702$0$0$1,113,205
87$1,419,263$0$0$1,136,679
88$1,448,305$0$0$1,159,711
89$1,476,665$0$0$1,182,165
90$1,504,157$0$0$1,203,891
91$1,530,575$0$0$1,224,718
92$1,555,687$0$0$1,244,458
93$1,579,233$0$0$1,262,898
94$1,600,925$0$0$1,279,802
95$1,620,438$0$0$1,294,905
96$1,637,413$0$0$1,307,911
97$1,651,447$0$0$1,318,494
98$1,662,094$0$0$1,326,287
99$1,668,856$0$0$1,330,884
100$1,671,180$0$0$1,331,833