Can I retire at age 53 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$45,418$45,014$44,619$44,234$43,858$42,590
2 years$22,484$22,066$21,660$21,266$20,885$19,618
3 years$14,841$14,420$14,015$13,626$13,250$12,024
4 years$11,020$10,600$10,200$9,816$9,450$8,273
5 years$8,728$8,311$7,915$7,540$7,184$6,060
6 years$7,200$6,786$6,397$6,030$5,684$4,614
7 years$6,109$5,699$5,316$4,957$4,623$3,607
8 years$5,292$4,885$4,508$4,159$3,835$2,872
9 years$4,656$4,254$3,883$3,542$3,230$2,319
10 years$4,148$3,749$3,385$3,053$2,752$1,893
11 years$3,732$3,338$2,980$2,657$2,367$1,557
12 years$3,386$2,996$2,645$2,331$2,051$1,290
13 years$3,094$2,707$2,363$2,058$1,788$1,073
14 years$2,843$2,461$2,123$1,827$1,568$897
15 years$2,626$2,248$1,917$1,629$1,380$753
16 years$2,437$2,063$1,738$1,459$1,220$633
17 years$2,270$1,900$1,582$1,311$1,082$534
18 years$2,121$1,755$1,444$1,181$962$451
19 years$1,989$1,627$1,322$1,067$857$382
20 years$1,869$1,512$1,213$967$766$324
21 years$1,762$1,408$1,116$877$685$275
22 years$1,664$1,314$1,028$798$614$233
23 years$1,575$1,229$949$726$551$198
24 years$1,493$1,152$878$663$496$169
25 years$1,418$1,081$813$605$446$144
26 years$1,349$1,016$754$553$402$122
27 years$1,285$956$700$506$362$104
28 years$1,226$901$651$464$327$89
29 years$1,171$850$606$425$295$76
30 years$1,120$803$564$390$267$64
31 years$1,072$759$526$359$241$55
32 years$1,027$718$491$330$218$47
33 years$985$680$458$303$197$40
34 years$946$644$428$279$179$34
35 years$908$611$400$257$162$29
36 years$874$580$375$236$147$25
37 years$841$551$351$218$133$21
38 years$809$524$328$201$120$18
39 years$780$498$308$185$109$15
40 years$752$474$288$171$99$13
41 years$725$451$270$158$90$11
42 years$700$429$254$145$82$10
43 years$676$409$238$134$74$8
44 years$653$390$223$124$67$7
45 years$632$372$210$114$61$6
46 years$611$355$197$106$55$5
47 years$591$339$185$98$50$4
48 years$572$323$174$90$46$4
49 years$554$309$163$83$41$3
50 years$537$295$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $550,000, adding $5,350 every year, while hoping to spend $22,628 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: 40/32/28 Blend
52$550,000$550,000$550,000$550,000
53$611,619$582,469$573,944$630,849
54$649,928$586,933$569,095$649,780
55$691,386$590,859$563,325$667,753
56$736,290$594,194$556,580$686,766
57$784,968$596,886$548,801$706,929
58$837,779$598,878$539,930$728,364
59$895,118$600,108$529,903$751,207
60$957,420$600,513$518,655$775,609
61$1,025,163$600,025$506,116$801,738
62$1,098,874$598,570$492,215$829,781
63$1,179,131$596,072$476,877$859,945
64$1,266,572$592,449$460,022$892,462
65$1,361,898$587,614$441,568$927,586
66$1,465,880$581,476$421,429$965,604
67$1,579,368$573,937$399,515$1,006,829
68$1,703,297$564,893$375,732$1,051,614
69$1,838,696$554,235$349,982$1,100,346
70$1,986,698$541,848$322,161$1,153,455
71$2,148,551$527,608$292,163$1,211,421
72$2,325,627$511,385$259,874$1,274,772
73$2,519,440$493,042$225,179$1,344,094
74$2,731,655$472,432$187,954$1,420,038
75$2,964,105$449,403$148,073$1,503,324
76$3,218,811$423,791$105,400$1,594,748
77$3,497,996$395,423$59,798$1,695,193
78$3,804,111$364,118$11,120$1,805,635
79$4,139,853$329,682$0$1,927,155
80$4,508,193$291,912$0$2,073,148
81$4,912,406$250,593$0$2,237,075
82$5,356,096$205,497$0$2,417,124
83$5,843,236$156,384$0$2,614,965
84$6,378,199$103,000$0$2,832,440
85$6,965,806$45,078$0$3,071,584
86$7,611,365$0$0$3,334,641
87$8,320,725$0$0$3,630,310
88$9,100,330$0$0$3,972,779
89$9,957,277$0$0$4,349,304
90$10,899,387$0$0$4,763,331
91$11,935,276$0$0$5,218,655
92$13,074,436$0$0$5,719,461
93$14,327,327$0$0$6,270,357
94$15,705,470$0$0$6,876,421
95$17,221,562$0$0$7,543,248
96$18,889,590$0$0$8,277,002
97$20,724,967$0$0$9,084,476
98$22,744,674$0$0$9,973,154
99$24,967,423$0$0$10,951,282
100$27,413,831$0$0$12,027,946