Can I retire at age 53 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$47,070$46,651$46,242$45,842$45,453$44,354
2 years$23,302$22,868$22,447$22,040$21,644$20,544
3 years$15,380$14,945$14,525$14,121$13,732$12,664
4 years$11,420$10,986$10,570$10,173$9,794$8,767
5 years$9,045$8,613$8,203$7,814$7,445$6,462
6 years$7,462$7,033$6,629$6,249$5,891$4,953
7 years$6,331$5,906$5,509$5,138$4,791$3,898
8 years$5,484$5,063$4,672$4,310$3,975$3,126
9 years$4,825$4,408$4,024$3,671$3,347$2,543
10 years$4,299$3,886$3,508$3,164$2,852$2,090
11 years$3,868$3,459$3,089$2,754$2,453$1,733
12 years$3,510$3,105$2,741$2,416$2,126$1,447
13 years$3,206$2,806$2,449$2,133$1,853$1,214
14 years$2,947$2,550$2,200$1,893$1,625$1,023
15 years$2,722$2,330$1,987$1,688$1,431$866
16 years$2,525$2,138$1,801$1,512$1,264$735
17 years$2,352$1,969$1,639$1,358$1,121$625
18 years$2,198$1,819$1,496$1,224$997$533
19 years$2,061$1,686$1,370$1,106$888$455
20 years$1,937$1,567$1,257$1,002$794$389
21 years$1,826$1,459$1,156$909$710$333
22 years$1,724$1,362$1,066$827$637$286
23 years$1,632$1,274$984$753$571$245
24 years$1,547$1,194$910$687$514$210
25 years$1,470$1,120$843$627$462$181
26 years$1,398$1,053$782$573$416$155
27 years$1,332$991$726$525$375$134
28 years$1,270$934$675$481$339$115
29 years$1,213$881$628$441$306$99
30 years$1,160$832$585$405$276$85
31 years$1,111$786$545$372$250$73
32 years$1,064$744$509$342$226$63
33 years$1,021$705$475$314$205$55
34 years$980$668$444$289$185$47
35 years$942$633$415$266$168$41
36 years$905$601$388$245$152$35
37 years$871$571$363$226$138$30
38 years$839$543$340$208$125$26
39 years$808$516$319$192$113$22
40 years$779$491$299$177$103$19
41 years$752$467$280$163$93$17
42 years$726$445$263$151$85$14
43 years$701$424$247$139$77$12
44 years$677$404$231$128$70$11
45 years$655$385$217$119$63$9
46 years$633$368$204$110$57$8
47 years$613$351$192$101$52$7
48 years$593$335$180$94$47$6
49 years$574$320$169$86$43$5
50 years$557$306$159$80$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $570,000, adding $3,033 every year, while hoping to spend $26,338 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: 61/34/5 Blend
52$570,000$570,000$570,000$570,000
53$631,269$601,059$592,224$669,076
54$667,635$602,487$584,040$696,118
55$706,827$603,103$574,699$722,272
56$749,107$602,838$564,134$750,126
57$794,760$601,621$552,277$779,844
58$844,100$599,376$539,054$811,606
59$897,475$596,021$524,388$845,611
60$955,262$591,471$508,200$882,081
61$1,017,881$585,635$490,406$921,259
62$1,085,790$578,416$470,920$963,415
63$1,159,494$569,713$449,650$1,008,849
64$1,239,549$559,415$426,500$1,057,888
65$1,326,566$547,410$401,371$1,110,899
66$1,421,217$533,574$374,158$1,168,285
67$1,524,242$517,780$344,753$1,230,491
68$1,636,454$499,891$313,042$1,298,010
69$1,758,750$479,762$278,905$1,371,386
70$1,892,113$457,242$242,220$1,451,221
71$2,037,630$432,168$202,856$1,538,180
72$2,196,494$404,370$160,677$1,632,998
73$2,370,020$373,668$115,543$1,736,487
74$2,559,654$339,869$67,306$1,849,544
75$2,766,989$302,773$15,811$1,973,159
76$2,993,779$262,166$0$2,108,428
77$3,241,955$217,823$0$2,258,648
78$3,513,644$169,506$0$2,424,101
79$3,811,187$116,963$0$2,605,429
80$4,137,162$59,929$0$2,804,270
81$4,494,410$0$0$3,022,433
82$4,886,058$0$0$3,262,616
83$5,315,550$0$0$3,550,640
84$5,786,681$0$0$3,866,632
85$6,303,628$0$0$4,213,401
86$6,870,996$0$0$4,594,040
87$7,493,853$0$0$5,011,957
88$8,177,786$0$0$5,470,904
89$8,928,946$0$0$5,975,018
90$9,754,110$0$0$6,528,854
91$10,660,745$0$0$7,137,428
92$11,657,076$0$0$7,806,270
93$12,752,164$0$0$8,541,470
94$13,955,992$0$0$9,349,738
95$15,279,559$0$0$10,238,465
96$16,734,981$0$0$11,215,797
97$18,335,608$0$0$12,290,706
98$20,096,150$0$0$13,473,080
99$22,032,812$0$0$14,773,810
100$24,163,449$0$0$16,204,899