Can I retire at age 53 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$44,758$44,359$43,970$43,591$43,220$43,038
2 years$22,157$21,745$21,345$20,957$20,581$20,397
3 years$14,625$14,210$13,811$13,427$13,057$12,877
4 years$10,859$10,446$10,051$9,674$9,313$9,138
5 years$8,601$8,190$7,800$7,430$7,079$6,911
6 years$7,095$6,688$6,304$5,942$5,602$5,439
7 years$6,020$5,616$5,238$4,885$4,556$4,399
8 years$5,215$4,814$4,443$4,098$3,779$3,629
9 years$4,588$4,192$3,826$3,491$3,183$3,039
10 years$4,088$3,695$3,336$3,009$2,712$2,574
11 years$3,678$3,289$2,937$2,619$2,332$2,200
12 years$3,337$2,952$2,606$2,297$2,021$1,895
13 years$3,049$2,668$2,329$2,028$1,762$1,642
14 years$2,802$2,425$2,092$1,800$1,545$1,430
15 years$2,588$2,215$1,889$1,605$1,360$1,251
16 years$2,401$2,033$1,713$1,437$1,202$1,098
17 years$2,237$1,872$1,559$1,292$1,066$967
18 years$2,090$1,730$1,423$1,164$948$854
19 years$1,960$1,603$1,302$1,052$845$756
20 years$1,842$1,490$1,195$953$755$670
21 years$1,736$1,388$1,099$864$675$596
22 years$1,640$1,295$1,013$786$605$530
23 years$1,552$1,211$936$716$543$472
24 years$1,471$1,135$865$653$488$421
25 years$1,397$1,065$801$596$439$376
26 years$1,329$1,001$743$545$396$336
27 years$1,266$942$690$499$357$301
28 years$1,208$888$642$457$322$269
29 years$1,154$837$597$419$291$241
30 years$1,103$791$556$385$263$216
31 years$1,056$748$519$353$238$194
32 years$1,012$707$484$325$215$174
33 years$971$670$452$299$194$156
34 years$932$635$422$275$176$140
35 years$895$602$395$253$159$126
36 years$861$572$369$233$144$113
37 years$828$543$345$215$131$102
38 years$798$516$324$198$119$91
39 years$769$491$303$182$108$82
40 years$741$467$284$168$98$74
41 years$715$444$266$155$89$67
42 years$690$423$250$143$80$60
43 years$666$403$234$132$73$54
44 years$644$384$220$122$66$48
45 years$623$367$207$113$60$44
46 years$602$350$194$104$55$39
47 years$583$334$182$96$50$35
48 years$564$319$171$89$45$32
49 years$546$304$161$82$41$29
50 years$529$291$151$76$37$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $542,000, adding $6,468 every year, while hoping to spend $28,016 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: 33/45/22 Blend
52$542,000$542,000$542,000$542,000
53$603,956$575,230$566,829$619,631
54$635,750$573,607$556,009$630,268
55$669,849$570,966$543,887$638,725
56$706,457$567,227$530,391$647,266
57$745,801$562,306$515,444$655,915
58$788,126$556,113$498,965$664,702
59$833,706$548,554$480,872$673,662
60$882,839$539,527$461,075$682,837
61$935,852$528,928$439,485$692,274
62$993,106$516,642$416,005$702,031
63$1,054,996$502,551$390,534$712,171
64$1,121,958$486,528$362,969$722,769
65$1,194,470$468,440$333,201$733,913
66$1,273,057$448,145$301,114$745,699
67$1,358,297$425,492$266,590$758,241
68$1,450,827$400,325$229,504$771,666
69$1,551,345$372,475$189,727$786,121
70$1,660,621$341,765$147,121$801,771
71$1,779,501$308,008$101,546$818,803
72$1,908,916$271,006$52,854$837,428
73$2,049,890$230,550$889$857,886
74$2,203,551$186,419$0$880,445
75$2,371,139$138,379$0$918,217
76$2,554,020$86,185$0$959,790
77$2,753,698$29,575$0$1,005,376
78$2,971,826$0$0$1,055,450
79$3,210,227$0$0$1,126,244
80$3,470,905$0$0$1,219,745
81$3,756,070$0$0$1,322,109
82$4,068,153$0$0$1,434,221
83$4,409,830$0$0$1,557,051
84$4,784,050$0$0$1,691,671
85$5,194,060$0$0$1,839,260
86$5,643,434$0$0$2,001,117
87$6,136,112$0$0$2,178,673
88$6,676,430$0$0$2,373,502
89$7,269,165$0$0$2,587,341
90$7,919,579$0$0$2,822,101
91$8,633,468$0$0$3,079,889
92$9,417,214$0$0$3,363,024
93$10,277,852$0$0$3,674,062
94$11,223,127$0$0$4,015,818
95$12,261,574$0$0$4,391,393
96$13,402,594$0$0$4,804,205
97$14,656,543$0$0$5,258,019
98$16,034,832$0$0$5,756,980
99$17,550,031$0$0$6,305,658
100$19,215,989$0$0$6,909,088