Can I retire at age 53 with 533,000?

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 $533,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$44,015$43,623$43,240$42,867$42,502$41,936
2 years$21,789$21,384$20,990$20,609$20,239$19,670
3 years$14,382$13,974$13,582$13,204$12,841$12,286
4 years$10,679$10,273$9,884$9,513$9,158$8,622
5 years$8,458$8,054$7,671$7,307$6,962$6,446
6 years$6,977$6,577$6,199$5,843$5,509$5,013
7 years$5,920$5,523$5,151$4,804$4,480$4,006
8 years$5,128$4,734$4,369$4,030$3,717$3,263
9 years$4,512$4,122$3,763$3,433$3,130$2,697
10 years$4,020$3,633$3,281$2,959$2,667$2,255
11 years$3,617$3,235$2,888$2,575$2,294$1,901
12 years$3,282$2,903$2,563$2,259$1,988$1,615
13 years$2,998$2,624$2,290$1,994$1,733$1,380
14 years$2,755$2,385$2,058$1,770$1,519$1,184
15 years$2,545$2,179$1,858$1,579$1,338$1,021
16 years$2,361$1,999$1,684$1,414$1,182$883
17 years$2,199$1,841$1,533$1,270$1,048$766
18 years$2,056$1,701$1,399$1,145$932$666
19 years$1,927$1,576$1,281$1,034$831$580
20 years$1,811$1,465$1,175$937$742$506
21 years$1,707$1,365$1,081$850$664$442
22 years$1,612$1,274$996$773$595$387
23 years$1,526$1,191$920$704$534$339
24 years$1,447$1,116$851$642$480$298
25 years$1,374$1,047$788$586$432$261
26 years$1,307$984$731$536$389$230
27 years$1,245$926$679$491$351$202
28 years$1,188$873$631$450$317$177
29 years$1,135$824$587$412$286$156
30 years$1,085$778$547$378$258$138
31 years$1,039$735$510$348$234$121
32 years$995$696$476$319$211$107
33 years$955$659$444$294$191$94
34 years$916$624$415$270$173$83
35 years$880$592$388$249$157$73
36 years$847$562$363$229$142$65
37 years$815$534$340$211$129$57
38 years$784$507$318$195$117$50
39 years$756$483$298$179$106$44
40 years$729$459$279$165$96$39
41 years$703$437$262$153$87$35
42 years$679$416$246$141$79$30
43 years$655$397$231$130$72$27
44 years$633$378$216$120$65$24
45 years$612$360$203$111$59$21
46 years$592$344$191$102$54$19
47 years$573$328$179$95$49$16
48 years$555$313$169$87$44$14
49 years$537$299$158$81$40$13
50 years$520$286$149$75$37$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $533,000, adding $6,712 every year, while hoping to spend $46,093 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: 44/32/24 Blend
52$533,000$533,000$533,000$533,000
53$594,289$566,040$557,779$616,044
54$605,864$544,734$527,422$610,814
55$617,075$520,838$494,503$600,169
56$627,836$494,178$458,888$587,713
57$638,050$464,569$420,436$573,302
58$647,611$431,812$379,001$556,781
59$656,399$395,702$334,428$537,984
60$664,279$356,019$286,559$516,734
61$671,101$312,530$235,224$492,839
62$676,700$264,990$180,251$466,092
63$680,891$213,142$121,457$436,271
64$683,466$156,711$58,650$403,139
65$684,198$95,408$0$366,437
66$682,831$28,928$0$328,034
67$679,084$0$0$301,653
68$672,642$0$0$287,152
69$663,159$0$0$281,325
70$650,248$0$0$273,798
71$633,483$0$0$264,362
72$612,391$0$0$252,786
73$586,447$0$0$238,816
74$555,072$0$0$222,169
75$517,625$0$0$202,531
76$473,395$0$0$179,559
77$421,597$0$0$152,868
78$361,363$0$0$122,038
79$291,733$0$0$86,601
80$211,646$0$0$46,041
81$119,931$0$0$0
82$15,292$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
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