Can I retire at age 53 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$42,033$41,658$41,293$40,937$40,588$40,114
2 years$20,808$20,421$20,045$19,681$19,328$18,851
3 years$13,734$13,345$12,971$12,610$12,262$11,797
4 years$10,198$9,810$9,439$9,085$8,746$8,296
5 years$8,077$7,691$7,325$6,978$6,648$6,215
6 years$6,663$6,280$5,920$5,580$5,261$4,844
7 years$5,654$5,274$4,919$4,588$4,278$3,879
8 years$4,897$4,521$4,172$3,849$3,549$3,168
9 years$4,309$3,936$3,593$3,278$2,989$2,624
10 years$3,839$3,470$3,133$2,826$2,547$2,199
11 years$3,454$3,089$2,758$2,459$2,190$1,859
12 years$3,134$2,772$2,448$2,157$1,898$1,583
13 years$2,863$2,505$2,187$1,904$1,655$1,356
14 years$2,631$2,277$1,965$1,691$1,451$1,167
15 years$2,431$2,080$1,774$1,508$1,277$1,009
16 years$2,255$1,909$1,608$1,350$1,129$875
17 years$2,100$1,758$1,464$1,213$1,001$761
18 years$1,963$1,624$1,336$1,093$890$663
19 years$1,840$1,505$1,223$988$793$580
20 years$1,730$1,399$1,123$895$709$507
21 years$1,630$1,303$1,033$812$634$445
22 years$1,540$1,216$952$738$568$390
23 years$1,457$1,138$879$672$510$343
24 years$1,382$1,066$813$613$459$302
25 years$1,312$1,000$753$560$413$266
26 years$1,248$940$698$512$372$234
27 years$1,189$885$648$469$335$207
28 years$1,134$834$603$429$302$182
29 years$1,084$787$561$394$273$161
30 years$1,036$743$522$361$247$142
31 years$992$702$487$332$223$126
32 years$950$664$454$305$202$111
33 years$912$629$424$280$183$98
34 years$875$596$396$258$165$87
35 years$841$566$371$238$150$77
36 years$808$537$347$219$136$68
37 years$778$510$324$202$123$60
38 years$749$485$304$186$111$53
39 years$722$461$285$171$101$47
40 years$696$438$267$158$92$42
41 years$671$417$250$146$83$37
42 years$648$397$235$135$75$33
43 years$626$379$220$124$69$29
44 years$605$361$207$115$62$26
45 years$585$344$194$106$56$23
46 years$565$328$182$98$51$20
47 years$547$313$171$90$47$18
48 years$530$299$161$84$42$16
49 years$513$286$151$77$38$14
50 years$497$273$142$71$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $509,000, adding $5,762 every year, while hoping to spend $41,694 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: 77/15/8 Blend
52$509,000$509,000$509,000$509,000
53$566,862$539,885$531,995$609,414
54$580,319$521,977$505,455$620,277
55$593,752$501,794$476,628$626,240
56$607,114$479,181$445,394$631,566
57$620,352$453,973$411,627$636,172
58$633,407$425,996$375,195$639,971
59$646,211$395,067$335,961$642,865
60$658,689$360,990$293,780$644,748
61$670,757$323,560$248,503$645,504
62$682,319$282,560$199,974$645,005
63$693,270$237,760$148,027$643,112
64$703,491$188,917$92,493$639,672
65$712,849$135,776$33,193$634,516
66$721,195$78,065$0$627,462
67$728,366$15,498$0$620,877
68$734,176$0$0$615,164
69$738,422$0$0$615,882
70$740,876$0$0$617,627
71$741,285$0$0$617,626
72$739,368$0$0$615,641
73$734,814$0$0$611,407
74$727,276$0$0$604,629
75$716,371$0$0$594,982
76$701,673$0$0$582,104
77$682,711$0$0$565,595
78$658,963$0$0$545,012
79$629,851$0$0$519,864
80$594,736$0$0$489,608
81$552,909$0$0$453,642
82$503,587$0$0$411,302
83$445,905$0$0$361,852
84$378,904$0$0$304,478
85$301,525$0$0$238,283
86$212,599$0$0$162,272
87$110,832$0$0$75,348
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0