Can I retire at age 53 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$45,253$44,850$44,457$44,073$43,698$42,165
2 years$22,403$21,985$21,581$21,189$20,809$19,280
3 years$14,787$14,368$13,964$13,576$13,202$11,726
4 years$10,980$10,562$10,162$9,781$9,416$8,003
5 years$8,696$8,281$7,887$7,513$7,158$5,813
6 years$7,174$6,762$6,373$6,008$5,664$4,388
7 years$6,087$5,678$5,296$4,939$4,606$3,398
8 years$5,272$4,867$4,492$4,144$3,821$2,681
9 years$4,639$4,238$3,869$3,529$3,218$2,144
10 years$4,133$3,736$3,373$3,042$2,742$1,732
11 years$3,719$3,326$2,969$2,648$2,358$1,410
12 years$3,374$2,985$2,635$2,322$2,043$1,156
13 years$3,083$2,697$2,354$2,050$1,782$952
14 years$2,833$2,452$2,115$1,820$1,562$787
15 years$2,617$2,240$1,910$1,623$1,375$652
16 years$2,428$2,055$1,732$1,453$1,216$543
17 years$2,261$1,893$1,576$1,306$1,078$452
18 years$2,113$1,749$1,438$1,177$958$378
19 years$1,981$1,621$1,317$1,063$854$316
20 years$1,862$1,506$1,209$963$763$264
21 years$1,755$1,403$1,112$874$683$221
22 years$1,658$1,310$1,025$795$612$186
23 years$1,569$1,225$946$724$549$156
24 years$1,488$1,148$875$660$494$131
25 years$1,413$1,077$810$603$444$110
26 years$1,344$1,012$752$551$400$92
27 years$1,280$953$698$505$361$78
28 years$1,221$898$649$462$326$65
29 years$1,167$847$604$424$294$55
30 years$1,115$800$562$389$266$46
31 years$1,068$756$524$357$240$39
32 years$1,023$715$489$328$217$33
33 years$981$677$457$302$197$28
34 years$942$642$427$278$178$23
35 years$905$609$399$256$161$20
36 years$870$578$373$236$146$16
37 years$837$549$349$217$132$14
38 years$806$522$327$200$120$12
39 years$777$496$306$184$109$10
40 years$749$472$287$170$99$8
41 years$723$449$269$157$90$7
42 years$698$428$253$145$81$6
43 years$674$408$237$134$74$5
44 years$651$389$223$123$67$4
45 years$629$371$209$114$61$4
46 years$609$354$196$105$55$3
47 years$589$337$184$97$50$2
48 years$570$322$173$90$46$2
49 years$552$308$163$83$41$2
50 years$535$294$153$77$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $548,000, adding $5,590 every year, while hoping to spend $33,211 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: 41/40/19 Blend
52$548,000$548,000$548,000$548,000
53$609,662$580,618$572,124$631,039
54$636,511$573,732$555,954$639,892
55$664,986$565,396$538,129$645,835
56$695,217$555,503$518,559$651,577
57$727,348$543,940$497,149$657,119
58$761,534$530,590$473,800$662,461
59$797,947$515,325$448,409$667,608
60$836,774$498,013$420,867$672,566
61$878,221$478,511$391,062$677,348
62$922,512$456,671$358,875$681,969
63$969,895$432,335$324,184$686,450
64$1,020,639$405,334$286,859$690,819
65$1,075,041$375,493$246,766$695,107
66$1,133,427$342,623$203,764$699,357
67$1,196,153$306,528$157,707$703,618
68$1,263,611$266,999$108,441$707,949
69$1,336,231$223,814$55,806$712,421
70$1,414,487$176,741$0$717,116
71$1,498,896$125,533$0$722,207
72$1,590,029$69,929$0$739,809
73$1,688,513$9,657$0$758,765
74$1,795,035$0$0$779,265
75$1,910,353$0$0$825,982
76$2,035,298$0$0$881,265
77$2,170,786$0$0$941,274
78$2,317,822$0$0$1,006,462
79$2,477,512$0$0$1,077,329
80$2,651,074$0$0$1,154,423
81$2,839,846$0$0$1,238,347
82$3,045,301$0$0$1,329,766
83$3,269,060$0$0$1,429,411
84$3,512,906$0$0$1,538,086
85$3,778,803$0$0$1,656,676
86$4,068,909$0$0$1,786,156
87$4,385,604$0$0$1,927,599
88$4,731,503$0$0$2,082,185
89$5,109,490$0$0$2,251,215
90$5,522,735$0$0$2,436,121
91$5,974,732$0$0$2,638,479
92$6,469,325$0$0$2,860,024
93$7,010,751$0$0$3,102,668
94$7,603,670$0$0$3,368,515
95$8,253,219$0$0$3,659,885
96$8,965,052$0$0$3,979,329
97$9,745,397$0$0$4,329,659
98$10,601,113$0$0$4,713,974
99$11,539,755$0$0$5,135,683
100$12,569,645$0$0$5,598,544