Can I retire at age 53 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$41,950$41,576$41,212$40,856$40,509$39,740
2 years$20,767$20,381$20,006$19,642$19,290$18,518
3 years$13,707$13,319$12,945$12,585$12,238$11,488
4 years$10,178$9,791$9,421$9,067$8,728$8,005
5 years$8,061$7,676$7,311$6,964$6,635$5,941
6 years$6,650$6,268$5,908$5,569$5,250$4,586
7 years$5,643$5,264$4,910$4,579$4,270$3,635
8 years$4,888$4,512$4,164$3,841$3,542$2,938
9 years$4,301$3,929$3,586$3,272$2,983$2,408
10 years$3,831$3,463$3,127$2,820$2,542$1,996
11 years$3,447$3,083$2,753$2,454$2,186$1,668
12 years$3,128$2,767$2,443$2,153$1,894$1,404
13 years$2,858$2,501$2,183$1,901$1,652$1,189
14 years$2,626$2,273$1,961$1,687$1,448$1,011
15 years$2,426$2,076$1,771$1,505$1,275$863
16 years$2,251$1,905$1,605$1,347$1,127$739
17 years$2,096$1,754$1,461$1,211$999$635
18 years$1,959$1,621$1,333$1,091$888$546
19 years$1,837$1,503$1,221$986$792$471
20 years$1,727$1,396$1,120$893$707$407
21 years$1,627$1,301$1,030$810$633$352
22 years$1,537$1,214$950$737$567$305
23 years$1,454$1,135$877$671$509$264
24 years$1,379$1,064$811$612$458$229
25 years$1,310$998$751$559$412$199
26 years$1,246$938$697$511$371$173
27 years$1,187$883$647$468$335$150
28 years$1,132$832$601$429$302$131
29 years$1,081$785$560$393$273$114
30 years$1,034$741$521$361$246$99
31 years$990$701$486$331$223$86
32 years$949$663$453$304$201$75
33 years$910$628$423$280$182$65
34 years$873$595$396$258$165$57
35 years$839$564$370$237$149$50
36 years$807$536$346$218$135$43
37 years$776$509$324$201$123$38
38 years$748$484$303$185$111$33
39 years$720$460$284$171$101$29
40 years$695$438$266$158$92$25
41 years$670$416$250$146$83$22
42 years$647$397$234$134$75$19
43 years$625$378$220$124$68$17
44 years$604$360$206$114$62$14
45 years$584$344$194$106$56$13
46 years$564$328$182$98$51$11
47 years$546$313$171$90$46$10
48 years$529$299$161$83$42$8
49 years$512$285$151$77$38$7
50 years$496$272$142$71$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $508,000, adding $2,955 every year, while hoping to spend $26,225 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: 67/16/17 Blend
52$508,000$508,000$508,000$508,000
53$562,864$535,940$528,066$598,066
54$592,373$534,298$517,853$620,318
55$624,013$531,696$506,419$641,305
56$657,973$528,061$493,695$663,608
57$694,463$523,312$479,610$687,355
58$733,709$517,365$464,088$712,686
59$775,964$510,133$447,052$739,758
60$821,502$501,519$428,418$768,746
61$870,627$491,425$408,101$799,839
62$923,670$479,744$386,012$833,251
63$980,997$466,364$362,056$869,215
64$1,043,009$451,166$336,135$907,992
65$1,110,148$434,026$308,148$949,867
66$1,182,899$414,809$277,987$995,159
67$1,261,796$393,375$245,540$1,044,217
68$1,347,424$369,576$210,691$1,097,431
69$1,440,430$343,253$173,317$1,155,227
70$1,541,522$314,241$133,292$1,218,081
71$1,651,483$282,364$90,483$1,286,516
72$1,771,170$247,436$44,750$1,361,110
73$1,901,529$209,260$0$1,442,504
74$2,043,600$167,629$0$1,532,139
75$2,198,528$122,324$0$1,638,771
76$2,367,573$73,113$0$1,755,166
77$2,552,122$19,752$0$1,882,307
78$2,753,701$0$0$2,021,276
79$2,973,991$0$0$2,179,963
80$3,214,842$0$0$2,357,293
81$3,478,291$0$0$2,551,293
82$3,766,581$0$0$2,763,618
83$4,082,182$0$0$2,996,091
84$4,427,814$0$0$3,250,719
85$4,806,471$0$0$3,529,714
86$5,221,453$0$0$3,835,510
87$5,676,392$0$0$4,170,789
88$6,175,288$0$0$4,538,505
89$6,722,549$0$0$4,941,909
90$7,323,029$0$0$5,384,586
91$7,982,072$0$0$5,870,482
92$8,705,569$0$0$6,403,944
93$9,500,006$0$0$6,989,761
94$10,372,530$0$0$7,633,210
95$11,331,012$0$0$8,340,100
96$12,384,125$0$0$9,116,835
97$13,541,421$0$0$9,970,467
98$14,813,427$0$0$10,908,767
99$16,211,737$0$0$11,940,295
100$17,749,125$0$0$13,074,482