Can I retire at age 53 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$46,905$46,487$46,079$45,682$45,293$45,045
2 years$23,220$22,788$22,369$21,962$21,568$21,318
3 years$15,326$14,892$14,474$14,071$13,684$13,439
4 years$11,380$10,947$10,533$10,138$9,759$9,522
5 years$9,013$8,583$8,174$7,787$7,419$7,190
6 years$7,436$7,008$6,606$6,227$5,870$5,650
7 years$6,309$5,886$5,490$5,120$4,774$4,562
8 years$5,465$5,045$4,656$4,295$3,961$3,757
9 years$4,808$4,393$4,010$3,658$3,335$3,140
10 years$4,284$3,872$3,496$3,153$2,842$2,655
11 years$3,855$3,447$3,078$2,744$2,444$2,266
12 years$3,497$3,094$2,731$2,407$2,118$1,948
13 years$3,195$2,796$2,440$2,125$1,847$1,684
14 years$2,936$2,541$2,193$1,887$1,619$1,464
15 years$2,712$2,322$1,980$1,682$1,426$1,278
16 years$2,516$2,130$1,795$1,506$1,260$1,120
17 years$2,344$1,962$1,633$1,354$1,117$984
18 years$2,191$1,813$1,491$1,220$993$867
19 years$2,054$1,680$1,365$1,102$885$766
20 years$1,930$1,561$1,253$998$791$678
21 years$1,819$1,454$1,152$906$708$601
22 years$1,718$1,357$1,062$824$634$533
23 years$1,626$1,270$981$750$569$474
24 years$1,542$1,189$907$684$512$422
25 years$1,464$1,116$840$625$461$376
26 years$1,393$1,049$779$571$415$335
27 years$1,327$987$723$523$374$299
28 years$1,266$930$672$479$337$267
29 years$1,209$878$626$439$305$239
30 years$1,156$829$583$403$275$214
31 years$1,107$784$543$370$249$191
32 years$1,061$741$507$340$225$171
33 years$1,017$702$473$313$204$153
34 years$976$665$442$288$185$137
35 years$938$631$414$265$167$123
36 years$902$599$387$244$151$110
37 years$868$569$362$225$137$99
38 years$836$541$339$207$124$89
39 years$805$514$318$191$113$79
40 years$777$489$298$176$102$71
41 years$749$466$279$163$93$64
42 years$723$443$262$150$84$57
43 years$698$423$246$139$76$52
44 years$675$403$231$128$69$46
45 years$652$384$217$118$63$41
46 years$631$366$203$109$57$37
47 years$611$350$191$101$52$33
48 years$591$334$180$93$47$30
49 years$572$319$169$86$43$27
50 years$555$304$159$80$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $568,000, adding $6,944 every year, while hoping to spend $20,101 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: 72/23/5 Blend
52$568,000$568,000$568,000$568,000
53$633,099$602,995$594,191$677,896
54$676,287$611,154$592,709$716,522
55$723,208$619,040$590,504$755,598
56$774,219$626,617$587,529$797,807
57$829,717$633,848$583,739$843,451
58$890,136$640,695$579,082$892,865
59$955,955$647,114$573,507$946,415
60$1,027,701$653,061$566,957$1,004,506
61$1,105,953$658,488$559,378$1,067,582
62$1,191,350$663,344$550,707$1,136,135
63$1,284,594$667,574$540,882$1,210,707
64$1,386,459$671,121$529,837$1,291,892
65$1,497,795$673,923$517,504$1,380,349
66$1,619,540$675,915$503,810$1,476,801
67$1,752,725$677,027$488,680$1,582,046
68$1,898,487$677,185$472,035$1,696,964
69$2,058,076$676,311$453,792$1,822,525
70$2,232,871$674,322$433,865$1,959,798
71$2,424,389$671,128$412,164$2,109,959
72$2,634,300$666,637$388,595$2,274,308
73$2,864,444$660,748$363,058$2,454,275
74$3,116,849$653,356$335,452$2,651,437
75$3,393,746$644,349$305,668$2,867,535
76$3,697,594$633,608$273,595$3,104,483
77$4,031,102$621,009$239,114$3,364,395
78$4,397,254$606,417$202,103$3,649,600
79$4,799,334$589,692$162,434$3,962,664
80$5,240,964$570,685$119,973$4,306,417
81$5,726,131$549,237$74,581$4,683,978
82$6,259,229$525,182$26,112$5,098,785
83$6,845,097$498,343$0$5,554,628
84$7,489,068$468,532$0$6,057,051
85$8,197,015$435,553$0$6,610,867
86$8,975,411$399,196$0$7,219,767
87$9,831,386$359,239$0$7,889,355
88$10,772,796$315,450$0$8,625,807
89$11,808,295$267,582$0$9,435,931
90$12,947,421$215,373$0$10,327,232
91$14,200,680$158,548$0$11,307,979
92$15,579,649$96,817$0$12,387,288
93$17,097,084$29,871$0$13,575,206
94$18,767,039$0$0$14,882,805
95$20,604,999$0$0$16,333,075
96$22,628,030$0$0$17,937,732
97$24,854,930$0$0$19,704,132
98$27,306,418$0$0$21,648,712
99$30,005,321$0$0$23,789,585
100$32,976,792$0$0$26,146,707