Can I retire at age 53 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$45,914$45,505$45,106$44,717$44,336$43,090
2 years$22,730$22,306$21,896$21,498$21,112$19,866
3 years$15,003$14,577$14,168$13,774$13,395$12,188
4 years$11,140$10,716$10,311$9,924$9,553$8,395
5 years$8,823$8,401$8,002$7,622$7,262$6,155
6 years$7,279$6,860$6,467$6,096$5,746$4,692
7 years$6,176$5,761$5,374$5,011$4,673$3,672
8 years$5,349$4,939$4,557$4,204$3,877$2,927
9 years$4,707$4,300$3,925$3,581$3,265$2,367
10 years$4,193$3,790$3,422$3,087$2,782$1,934
11 years$3,773$3,374$3,013$2,686$2,393$1,593
12 years$3,423$3,028$2,674$2,356$2,073$1,321
13 years$3,128$2,737$2,389$2,080$1,808$1,101
14 years$2,874$2,488$2,146$1,847$1,585$922
15 years$2,655$2,273$1,938$1,647$1,395$774
16 years$2,463$2,085$1,757$1,475$1,233$652
17 years$2,294$1,920$1,599$1,325$1,094$551
18 years$2,144$1,774$1,459$1,194$972$466
19 years$2,010$1,644$1,336$1,079$867$395
20 years$1,890$1,528$1,226$977$774$335
21 years$1,781$1,423$1,128$887$693$285
22 years$1,682$1,329$1,039$806$621$242
23 years$1,592$1,243$960$734$557$206
24 years$1,509$1,164$888$670$501$176
25 years$1,433$1,093$822$612$451$150
26 years$1,364$1,027$762$559$406$128
27 years$1,299$966$708$512$366$109
28 years$1,239$911$658$469$330$93
29 years$1,184$859$613$430$298$79
30 years$1,132$811$571$395$270$68
31 years$1,083$767$532$363$244$58
32 years$1,038$726$496$333$220$50
33 years$996$687$463$306$199$42
34 years$956$651$433$282$181$36
35 years$918$618$405$260$164$31
36 years$883$586$379$239$148$26
37 years$850$557$354$220$134$23
38 years$818$529$332$203$122$19
39 years$788$503$311$187$110$17
40 years$760$479$291$173$100$14
41 years$733$456$273$159$91$12
42 years$708$434$256$147$82$10
43 years$684$414$241$136$75$9
44 years$661$394$226$125$68$8
45 years$639$376$212$116$62$6
46 years$618$359$199$107$56$6
47 years$598$342$187$99$51$5
48 years$579$327$176$91$46$4
49 years$560$312$165$84$42$3
50 years$543$298$155$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $556,000, adding $3,705 every year, while hoping to spend $42,441 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: 41/34/25 Blend
52$556,000$556,000$556,000$556,000
53$616,534$587,066$578,448$637,146
54$634,263$570,675$552,669$635,925
55$652,379$552,059$524,604$630,314
56$670,875$531,063$494,132$623,407
57$689,744$507,525$461,125$615,111
58$708,977$481,273$425,451$605,324
59$728,561$452,123$386,972$593,942
60$748,481$419,885$345,543$580,851
61$768,721$384,353$301,013$565,932
62$789,257$345,313$253,224$549,057
63$810,065$302,538$202,011$530,092
64$831,115$255,785$147,201$508,892
65$852,372$204,802$88,616$485,306
66$873,797$149,321$26,068$459,171
67$895,343$89,056$0$430,315
68$916,959$23,710$0$409,406
69$938,583$0$0$393,524
70$960,148$0$0$393,155
71$981,576$0$0$401,556
72$1,002,779$0$0$409,815
73$1,023,660$0$0$417,887
74$1,044,106$0$0$425,719
75$1,063,993$0$0$433,254
76$1,083,180$0$0$440,428
77$1,101,510$0$0$447,167
78$1,118,807$0$0$453,391
79$1,134,874$0$0$459,009
80$1,149,490$0$0$463,920
81$1,162,412$0$0$468,012
82$1,173,366$0$0$471,159
83$1,182,047$0$0$473,223
84$1,188,117$0$0$474,049
85$1,191,199$0$0$473,465
86$1,190,876$0$0$471,279
87$1,186,682$0$0$467,280
88$1,178,101$0$0$461,234
89$1,164,563$0$0$452,878
90$1,145,432$0$0$441,926
91$1,120,005$0$0$428,056
92$1,087,503$0$0$410,915
93$1,047,064$0$0$390,109
94$997,732$0$0$365,207
95$938,450$0$0$335,726
96$868,048$0$0$301,136
97$785,232$0$0$260,849
98$688,572$0$0$214,217
99$576,484$0$0$160,521
100$447,220$0$0$98,969