Can I retire at age 53 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$45,336$44,932$44,538$44,154$43,778$42,582
2 years$22,444$22,026$21,620$21,228$20,847$19,650
3 years$14,814$14,394$13,990$13,601$13,226$12,067
4 years$11,000$10,581$10,181$9,799$9,433$8,320
5 years$8,712$8,296$7,901$7,526$7,171$6,107
6 years$7,187$6,774$6,385$6,019$5,674$4,660
7 years$6,098$5,689$5,306$4,948$4,614$3,651
8 years$5,282$4,876$4,500$4,151$3,828$2,914
9 years$4,648$4,246$3,876$3,536$3,224$2,359
10 years$4,140$3,742$3,379$3,048$2,747$1,930
11 years$3,726$3,332$2,975$2,653$2,362$1,592
12 years$3,380$2,990$2,640$2,327$2,047$1,322
13 years$3,088$2,702$2,359$2,054$1,785$1,103
14 years$2,838$2,456$2,119$1,823$1,565$925
15 years$2,622$2,244$1,913$1,626$1,378$778
16 years$2,432$2,059$1,735$1,456$1,218$656
17 years$2,265$1,896$1,579$1,308$1,080$555
18 years$2,117$1,752$1,441$1,179$960$470
19 years$1,985$1,624$1,319$1,065$856$399
20 years$1,866$1,509$1,211$965$764$339
21 years$1,758$1,405$1,114$876$684$289
22 years$1,661$1,312$1,026$796$613$246
23 years$1,572$1,227$948$725$550$210
24 years$1,490$1,150$876$661$495$179
25 years$1,415$1,079$812$604$445$153
26 years$1,346$1,014$753$552$401$131
27 years$1,283$954$699$505$362$112
28 years$1,224$899$650$463$326$95
29 years$1,169$848$605$425$295$82
30 years$1,118$801$563$390$266$70
31 years$1,070$757$525$358$241$60
32 years$1,025$717$490$329$218$51
33 years$983$679$458$303$197$44
34 years$944$643$427$278$178$37
35 years$907$610$400$256$162$32
36 years$872$579$374$236$146$27
37 years$839$550$350$217$133$24
38 years$808$523$328$200$120$20
39 years$778$497$307$185$109$17
40 years$751$473$288$170$99$15
41 years$724$450$270$157$90$13
42 years$699$429$253$145$81$11
43 years$675$408$238$134$74$9
44 years$652$389$223$124$67$8
45 years$631$371$209$114$61$7
46 years$610$354$197$106$55$6
47 years$590$338$185$97$50$5
48 years$571$323$174$90$46$4
49 years$553$308$163$83$41$4
50 years$536$294$153$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $549,000, adding $3,527 every year, while hoping to spend $20,071 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: 68/26/6 Blend
52$549,000$549,000$549,000$549,000
53$608,636$579,539$571,030$649,255
54$649,362$586,581$568,804$683,657
55$693,568$593,296$565,831$718,488
56$741,590$599,645$562,064$756,030
57$793,795$605,590$557,455$796,546
58$850,586$611,088$551,954$840,323
59$912,408$616,094$545,507$887,680
60$979,751$620,559$538,058$938,966
61$1,053,152$624,433$529,550$994,567
62$1,133,204$627,661$519,921$1,054,909
63$1,220,560$630,185$509,107$1,120,460
64$1,315,936$631,944$497,041$1,191,737
65$1,420,124$632,871$483,654$1,269,311
66$1,533,993$632,898$468,873$1,353,810
67$1,658,500$631,950$452,620$1,445,927
68$1,794,700$629,949$434,816$1,546,424
69$1,943,754$626,811$415,377$1,656,146
70$2,106,941$622,448$394,216$1,776,019
71$2,285,668$616,767$371,241$1,907,069
72$2,481,485$609,667$346,356$2,050,423
73$2,696,099$601,044$319,462$2,207,326
74$2,931,392$590,786$290,455$2,379,150
75$3,189,434$578,775$259,225$2,567,409
76$3,472,506$564,884$225,659$2,773,770
77$3,783,120$548,982$189,637$3,000,073
78$4,124,044$530,928$151,036$3,248,346
79$4,498,327$510,574$109,726$3,520,824
80$4,909,325$487,761$65,571$3,819,973
81$5,360,739$462,324$18,430$4,148,510
82$5,856,643$434,086$0$4,509,432
83$6,401,526$402,862$0$4,908,084
84$7,000,333$368,454$0$5,347,459
85$7,658,513$330,654$0$5,830,401
86$8,382,068$289,243$0$6,361,348
87$9,177,611$243,987$0$6,945,193
88$10,052,428$194,643$0$7,587,329
89$11,014,544$140,949$0$8,293,699
90$12,072,805$82,633$0$9,070,856
91$13,236,953$19,404$0$9,926,023
92$14,517,726$0$0$10,867,161
93$15,926,951$0$0$11,917,079
94$17,477,663$0$0$13,078,555
95$19,184,221$0$0$14,356,799
96$21,062,449$0$0$15,763,666
97$23,129,782$0$0$17,312,222
98$25,405,430$0$0$19,016,862
99$27,910,561$0$0$20,893,447
100$30,668,499$0$0$22,959,455