Can I retire at age 53 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$42,693$42,313$41,942$41,580$41,226$40,328
2 years$21,135$20,742$20,360$19,990$19,632$18,731
3 years$13,950$13,555$13,174$12,808$12,455$11,580
4 years$10,358$9,964$9,588$9,227$8,883$8,041
5 years$8,204$7,812$7,440$7,088$6,753$5,946
6 years$6,768$6,379$6,013$5,668$5,343$4,572
7 years$5,743$5,357$4,997$4,660$4,345$3,610
8 years$4,974$4,592$4,238$3,909$3,605$2,906
9 years$4,377$3,998$3,650$3,330$3,036$2,372
10 years$3,899$3,524$3,182$2,870$2,587$1,957
11 years$3,508$3,137$2,801$2,498$2,225$1,629
12 years$3,183$2,816$2,486$2,191$1,928$1,365
13 years$2,908$2,545$2,221$1,934$1,681$1,150
14 years$2,673$2,313$1,996$1,717$1,474$973
15 years$2,469$2,113$1,802$1,531$1,298$827
16 years$2,291$1,939$1,634$1,371$1,147$705
17 years$2,133$1,786$1,487$1,232$1,017$602
18 years$1,994$1,650$1,357$1,110$904$515
19 years$1,869$1,529$1,242$1,003$806$442
20 years$1,757$1,421$1,140$909$720$380
21 years$1,656$1,324$1,049$825$644$327
22 years$1,564$1,235$967$750$577$281
23 years$1,480$1,156$892$683$518$243
24 years$1,403$1,083$825$623$466$209
25 years$1,333$1,016$764$569$419$181
26 years$1,268$955$709$520$378$156
27 years$1,208$899$658$476$340$135
28 years$1,152$847$612$436$307$117
29 years$1,101$799$570$400$277$101
30 years$1,052$754$531$367$251$87
31 years$1,007$713$495$337$227$76
32 years$965$675$461$310$205$66
33 years$926$639$431$285$185$57
34 years$889$606$403$262$168$49
35 years$854$574$376$241$152$43
36 years$821$545$352$222$138$37
37 years$790$518$330$205$125$32
38 years$761$492$309$189$113$28
39 years$733$468$289$174$103$24
40 years$707$445$271$161$93$21
41 years$682$424$254$148$85$18
42 years$658$404$238$137$77$16
43 years$636$385$224$126$70$14
44 years$614$367$210$116$63$12
45 years$594$350$197$108$57$10
46 years$574$334$185$99$52$9
47 years$556$318$174$92$47$8
48 years$538$304$163$85$43$7
49 years$521$290$154$78$39$6
50 years$505$277$144$72$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $517,000, adding $5,821 every year, while hoping to spend $26,143 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: 53/28/19 Blend
52$517,000$517,000$517,000$517,000
53$575,738$548,337$540,324$602,979
54$606,648$547,390$530,609$621,353
55$639,834$545,520$519,692$638,108
56$675,501$542,654$507,506$655,772
57$713,874$538,716$493,979$674,440
58$755,199$533,623$479,037$694,218
59$799,747$527,289$462,603$715,223
60$847,817$519,621$444,596$737,586
61$899,733$510,523$424,929$761,453
62$955,857$499,889$403,515$786,985
63$1,016,583$487,612$380,261$814,363
64$1,082,344$473,574$355,069$843,788
65$1,153,618$457,654$327,839$875,481
66$1,230,929$439,722$298,464$909,692
67$1,314,855$419,639$266,834$946,694
68$1,406,030$397,262$232,833$986,794
69$1,505,153$372,435$196,340$1,030,329
70$1,612,990$344,996$157,229$1,077,677
71$1,730,388$314,774$115,370$1,129,255
72$1,858,276$281,586$70,623$1,185,524
73$1,997,678$245,241$22,846$1,247,000
74$2,149,718$205,535$0$1,314,249
75$2,315,638$162,255$0$1,393,608
76$2,496,801$115,173$0$1,485,384
77$2,694,709$64,051$0$1,585,747
78$2,911,015$8,636$0$1,695,588
79$3,147,540$0$0$1,815,891
80$3,406,289$0$0$1,963,564
81$3,689,467$0$0$2,128,140
82$3,999,505$0$0$2,308,379
83$4,339,079$0$0$2,505,842
84$4,711,135$0$0$2,722,250
85$5,118,920$0$0$2,959,496
86$5,566,007$0$0$3,219,669
87$6,056,333$0$0$3,505,065
88$6,594,234$0$0$3,818,217
89$7,184,485$0$0$4,161,914
90$7,832,348$0$0$4,539,225
91$8,543,617$0$0$4,953,536
92$9,324,675$0$0$5,408,573
93$10,182,554$0$0$5,908,441
94$11,124,999$0$0$6,457,664
95$12,160,545$0$0$7,061,224
96$13,298,590$0$0$7,724,612
97$14,549,494$0$0$8,453,873
98$15,924,664$0$0$9,255,673
99$17,436,672$0$0$10,137,349
100$19,099,367$0$0$11,106,992