Can I retire at age 53 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$46,575$46,160$45,755$45,360$44,974$43,327
2 years$23,057$22,627$22,211$21,808$21,416$19,775
3 years$15,218$14,787$14,372$13,972$13,587$12,004
4 years$11,300$10,870$10,459$10,066$9,691$8,177
5 years$8,950$8,522$8,117$7,732$7,367$5,926
6 years$7,383$6,959$6,560$6,183$5,829$4,463
7 years$6,265$5,844$5,451$5,084$4,741$3,449
8 years$5,426$5,010$4,623$4,265$3,933$2,715
9 years$4,775$4,362$3,982$3,632$3,312$2,165
10 years$4,253$3,845$3,471$3,131$2,822$1,745
11 years$3,827$3,423$3,056$2,725$2,427$1,417
12 years$3,473$3,072$2,712$2,390$2,103$1,158
13 years$3,173$2,776$2,423$2,110$1,834$951
14 years$2,916$2,524$2,177$1,873$1,608$784
15 years$2,693$2,305$1,966$1,671$1,416$648
16 years$2,499$2,115$1,782$1,496$1,251$538
17 years$2,327$1,948$1,622$1,344$1,109$447
18 years$2,175$1,800$1,480$1,211$986$372
19 years$2,039$1,668$1,355$1,094$879$310
20 years$1,917$1,550$1,244$991$785$259
21 years$1,806$1,444$1,144$900$703$216
22 years$1,706$1,348$1,054$818$630$181
23 years$1,615$1,261$974$745$565$151
24 years$1,531$1,181$900$679$508$127
25 years$1,454$1,108$834$620$457$106
26 years$1,383$1,042$773$567$412$89
27 years$1,318$980$718$519$371$74
28 years$1,257$924$668$476$335$62
29 years$1,201$871$621$436$303$52
30 years$1,148$823$579$400$273$44
31 years$1,099$778$540$368$247$37
32 years$1,053$736$503$338$224$31
33 years$1,010$697$470$311$202$26
34 years$970$661$439$286$183$22
35 years$932$627$411$263$166$18
36 years$896$595$384$242$150$15
37 years$862$565$360$223$136$13
38 years$830$537$337$206$124$11
39 years$800$511$315$190$112$9
40 years$771$486$296$175$102$8
41 years$744$462$277$162$92$6
42 years$718$440$260$149$84$5
43 years$693$420$244$138$76$5
44 years$670$400$229$127$69$4
45 years$648$381$215$117$63$3
46 years$627$364$202$108$57$3
47 years$606$347$190$100$52$2
48 years$587$331$178$93$47$2
49 years$568$317$168$86$43$2
50 years$551$302$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $564,000, adding $6,771 every year, while hoping to spend $36,598 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: 48/33/19 Blend
52$564,000$564,000$564,000$564,000
53$628,512$598,620$589,878$655,014
54$653,681$589,013$570,699$664,519
55$680,189$577,708$549,651$670,582
56$708,137$564,584$526,633$676,392
57$737,630$549,511$501,538$681,941
58$768,785$532,354$474,256$687,221
59$801,729$512,968$444,672$692,226
60$836,601$491,199$412,664$696,953
61$873,553$466,886$378,107$701,403
62$912,750$439,858$340,868$705,576
63$954,373$409,933$300,809$709,480
64$998,620$376,921$257,787$713,125
65$1,045,707$340,618$211,651$716,526
66$1,095,872$300,811$162,244$719,703
67$1,149,374$257,274$109,403$722,683
68$1,206,498$209,768$52,955$725,501
69$1,267,554$158,040$0$728,199
70$1,332,886$101,825$0$732,305
71$1,402,866$40,841$0$747,960
72$1,477,906$0$0$764,528
73$1,558,457$0$0$791,296
74$1,645,012$0$0$836,039
75$1,738,116$0$0$884,213
76$1,838,363$0$0$936,131
77$1,946,409$0$0$992,140
78$2,062,972$0$0$1,052,618
79$2,188,843$0$0$1,117,983
80$2,324,889$0$0$1,188,691
81$2,472,064$0$0$1,265,247
82$2,631,417$0$0$1,348,203
83$2,804,102$0$0$1,438,170
84$2,991,385$0$0$1,535,815
85$3,194,660$0$0$1,641,874
86$3,415,462$0$0$1,757,158
87$3,655,476$0$0$1,882,558
88$3,916,559$0$0$2,019,052
89$4,200,750$0$0$2,167,719
90$4,510,298$0$0$2,329,747
91$4,847,673$0$0$2,506,440
92$5,215,596$0$0$2,699,236
93$5,617,061$0$0$2,909,718
94$6,055,364$0$0$3,139,626
95$6,534,133$0$0$3,390,878
96$7,057,361$0$0$3,665,584
97$7,629,447$0$0$3,966,069
98$8,255,230$0$0$4,294,891
99$8,940,043$0$0$4,654,867
100$9,689,753$0$0$5,049,102