Can I retire at age 53 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$42,363$41,986$41,618$41,258$40,907$39,598
2 years$20,972$20,581$20,203$19,836$19,480$18,172
3 years$13,842$13,450$13,072$12,709$12,359$11,095
4 years$10,278$9,887$9,513$9,156$8,814$7,603
5 years$8,140$7,752$7,383$7,033$6,701$5,546
6 years$6,716$6,330$5,966$5,624$5,302$4,204
7 years$5,698$5,316$4,958$4,624$4,312$3,271
8 years$4,936$4,557$4,205$3,879$3,577$2,593
9 years$4,343$3,967$3,622$3,304$3,012$2,084
10 years$3,869$3,497$3,157$2,848$2,567$1,692
11 years$3,481$3,113$2,780$2,479$2,207$1,385
12 years$3,159$2,794$2,467$2,174$1,913$1,141
13 years$2,886$2,525$2,204$1,919$1,668$944
14 years$2,652$2,295$1,980$1,704$1,462$785
15 years$2,450$2,097$1,788$1,520$1,288$655
16 years$2,273$1,924$1,621$1,361$1,138$548
17 years$2,117$1,772$1,475$1,222$1,009$459
18 years$1,978$1,637$1,347$1,102$897$386
19 years$1,855$1,517$1,233$995$800$324
20 years$1,744$1,410$1,131$902$714$273
21 years$1,643$1,313$1,041$818$639$230
22 years$1,552$1,226$959$744$573$195
23 years$1,469$1,147$886$678$514$164
24 years$1,393$1,074$819$618$462$139
25 years$1,323$1,008$759$564$416$117
26 years$1,258$948$704$516$375$99
27 years$1,199$892$653$472$338$84
28 years$1,143$840$607$433$305$71
29 years$1,092$793$565$397$275$60
30 years$1,044$749$526$364$249$51
31 years$1,000$708$491$334$225$43
32 years$958$670$458$307$203$37
33 years$919$634$428$283$184$31
34 years$882$601$399$260$167$26
35 years$847$570$373$239$151$22
36 years$815$541$349$221$137$19
37 years$784$514$327$203$124$16
38 years$755$488$306$187$112$14
39 years$727$464$287$173$102$12
40 years$701$442$269$159$92$10
41 years$677$421$252$147$84$8
42 years$653$401$237$136$76$7
43 years$631$382$222$125$69$6
44 years$610$364$208$116$63$5
45 years$589$347$196$107$57$4
46 years$570$331$184$99$52$4
47 years$551$316$173$91$47$3
48 years$534$301$162$84$43$3
49 years$517$288$152$78$39$2
50 years$501$275$143$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $513,000, adding $4,672 every year, while hoping to spend $21,400 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: 57/16/27 Blend
52$513,000$513,000$513,000$513,000
53$570,145$542,956$535,005$598,190
54$605,531$546,792$530,158$621,778
55$643,808$550,098$524,432$644,832
56$685,250$552,826$517,773$669,519
57$730,156$554,925$510,129$696,002
58$778,855$556,339$501,442$724,465
59$831,709$557,011$491,651$755,106
60$889,117$556,878$480,695$788,150
61$951,517$555,875$468,508$823,841
62$1,019,390$553,932$455,022$862,453
63$1,093,267$550,974$440,165$904,284
64$1,173,732$546,923$423,861$949,669
65$1,261,426$541,695$406,034$998,975
66$1,357,056$535,202$386,600$1,052,607
67$1,461,399$527,351$365,475$1,111,014
68$1,575,312$518,042$342,569$1,174,694
69$1,699,737$507,169$317,788$1,244,193
70$1,835,711$494,621$291,035$1,320,118
71$1,984,377$480,280$262,208$1,403,138
72$2,146,991$464,022$231,199$1,493,993
73$2,324,938$445,713$197,899$1,593,497
74$2,519,743$425,215$162,190$1,702,554
75$2,733,085$402,378$123,951$1,822,159
76$2,966,811$377,046$83,055$1,953,412
77$3,222,959$349,055$39,370$2,097,527
78$3,503,770$318,227$0$2,255,845
79$3,811,714$284,380$0$2,431,934
80$4,149,511$247,317$0$2,637,579
81$4,520,157$206,831$0$2,863,274
82$4,926,952$162,704$0$3,111,053
83$5,373,530$114,706$0$3,383,162
84$5,863,896$62,593$0$3,682,075
85$6,402,462$6,108$0$4,010,518
86$6,994,084$0$0$4,371,497
87$7,644,118$0$0$4,778,014
88$8,358,459$0$0$5,225,978
89$9,143,604$0$0$5,718,393
90$10,006,710$0$0$6,259,755
91$10,955,662$0$0$6,855,015
92$11,999,148$0$0$7,509,630
93$13,146,738$0$0$8,229,611
94$14,408,979$0$0$9,021,581
95$15,797,488$0$0$9,892,837
96$17,325,068$0$0$10,851,419
97$19,005,822$0$0$11,906,187
98$20,855,291$0$0$13,066,900
99$22,890,598$0$0$14,344,314
100$25,130,611$0$0$15,750,279