Can I retire at age 53 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$46,740$46,323$45,917$45,521$45,134$44,607
2 years$23,138$22,708$22,290$21,885$21,492$20,962
3 years$15,272$14,840$14,423$14,022$13,636$13,118
4 years$11,340$10,909$10,496$10,102$9,725$9,225
5 years$8,981$8,553$8,146$7,759$7,393$6,911
6 years$7,409$6,984$6,583$6,205$5,850$5,387
7 years$6,287$5,865$5,470$5,102$4,757$4,314
8 years$5,446$5,027$4,639$4,280$3,947$3,522
9 years$4,792$4,377$3,996$3,645$3,324$2,918
10 years$4,269$3,858$3,484$3,142$2,832$2,445
11 years$3,841$3,435$3,067$2,735$2,436$2,067
12 years$3,485$3,083$2,722$2,399$2,111$1,760
13 years$3,184$2,786$2,432$2,118$1,840$1,508
14 years$2,926$2,532$2,185$1,880$1,613$1,298
15 years$2,703$2,313$1,973$1,677$1,421$1,122
16 years$2,508$2,123$1,789$1,501$1,255$973
17 years$2,336$1,955$1,628$1,349$1,113$846
18 years$2,183$1,806$1,486$1,215$990$738
19 years$2,046$1,674$1,360$1,098$882$644
20 years$1,924$1,556$1,248$995$788$564
21 years$1,813$1,449$1,148$903$705$495
22 years$1,712$1,353$1,058$821$632$434
23 years$1,620$1,265$977$748$567$382
24 years$1,536$1,185$904$682$510$336
25 years$1,459$1,112$837$623$459$296
26 years$1,388$1,045$776$569$413$261
27 years$1,322$984$721$521$373$230
28 years$1,261$927$670$477$336$203
29 years$1,205$875$624$438$304$179
30 years$1,152$826$581$402$274$158
31 years$1,103$781$541$369$248$140
32 years$1,057$739$505$339$224$124
33 years$1,014$700$472$312$203$109
34 years$973$663$441$287$184$97
35 years$935$629$412$264$167$86
36 years$899$597$385$243$151$76
37 years$865$567$361$224$137$67
38 years$833$539$338$207$124$59
39 years$803$512$317$191$112$53
40 years$774$487$297$176$102$47
41 years$747$464$278$162$93$41
42 years$721$442$261$150$84$37
43 years$696$421$245$138$76$32
44 years$672$401$230$128$69$29
45 years$650$383$216$118$63$25
46 years$629$365$203$109$57$22
47 years$608$348$190$101$52$20
48 years$589$333$179$93$47$18
49 years$570$318$168$86$43$16
50 years$553$303$158$79$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $566,000, adding $3,079 every year, while hoping to spend $41,575 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: 66/7/27 Blend
52$566,000$566,000$566,000$566,000
53$626,908$596,910$588,137$663,657
54$646,617$581,923$563,604$673,829
55$666,943$564,808$536,856$680,003
56$687,905$545,418$507,774$685,825
57$709,523$523,595$476,236$691,263
58$731,816$499,173$442,112$696,284
59$754,806$471,977$405,267$700,852
60$778,513$441,821$365,561$704,931
61$802,960$408,509$322,846$708,480
62$828,170$371,833$276,969$711,459
63$854,165$331,575$227,769$713,823
64$880,970$287,502$175,079$715,526
65$908,608$239,369$118,724$716,520
66$937,106$186,918$58,521$716,753
67$966,489$129,875$0$716,170
68$996,784$67,952$0$716,364
69$1,028,017$843$0$733,724
70$1,060,218$0$0$751,370
71$1,093,414$0$0$774,826
72$1,127,636$0$0$799,072
73$1,162,913$0$0$824,066
74$1,199,276$0$0$849,829
75$1,236,758$0$0$876,383
76$1,275,390$0$0$903,752
77$1,315,205$0$0$931,959
78$1,356,238$0$0$961,028
79$1,398,524$0$0$990,983
80$1,442,097$0$0$1,021,850
81$1,486,993$0$0$1,053,653
82$1,533,250$0$0$1,086,418
83$1,580,904$0$0$1,120,173
84$1,629,994$0$0$1,154,942
85$1,680,557$0$0$1,190,755
86$1,732,634$0$0$1,227,638
87$1,786,264$0$0$1,265,619
88$1,841,486$0$0$1,304,725
89$1,898,341$0$0$1,344,986
90$1,956,869$0$0$1,386,430
91$2,017,111$0$0$1,429,085
92$2,079,109$0$0$1,472,980
93$2,142,902$0$0$1,518,144
94$2,208,531$0$0$1,564,603
95$2,276,037$0$0$1,612,388
96$2,345,459$0$0$1,661,525
97$2,416,835$0$0$1,712,040
98$2,490,205$0$0$1,763,962
99$2,565,604$0$0$1,817,314
100$2,643,067$0$0$1,872,120