Can I retire at age 53 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$47,153$46,733$46,323$45,923$45,532$45,132
2 years$23,343$22,908$22,487$22,078$21,682$21,279
3 years$15,407$14,971$14,550$14,146$13,756$13,362
4 years$11,440$11,005$10,589$10,191$9,811$9,429
5 years$9,061$8,628$8,218$7,828$7,458$7,090
6 years$7,475$7,046$6,641$6,260$5,901$5,547
7 years$6,343$5,917$5,519$5,147$4,799$4,460
8 years$5,494$5,072$4,680$4,317$3,982$3,656
9 years$4,834$4,416$4,031$3,677$3,353$3,042
10 years$4,306$3,892$3,514$3,170$2,857$2,559
11 years$3,875$3,465$3,094$2,759$2,457$2,173
12 years$3,516$3,110$2,746$2,420$2,129$1,859
13 years$3,212$2,811$2,453$2,136$1,857$1,599
14 years$2,952$2,555$2,204$1,896$1,628$1,383
15 years$2,727$2,334$1,990$1,691$1,433$1,201
16 years$2,530$2,141$1,804$1,514$1,267$1,046
17 years$2,356$1,972$1,642$1,361$1,123$915
18 years$2,202$1,822$1,499$1,226$999$801
19 years$2,064$1,689$1,372$1,108$890$704
20 years$1,941$1,569$1,259$1,004$795$619
21 years$1,829$1,462$1,158$911$711$546
22 years$1,727$1,365$1,068$828$638$482
23 years$1,635$1,276$986$754$572$426
24 years$1,550$1,196$912$688$515$376
25 years$1,472$1,122$844$628$463$333
26 years$1,400$1,055$783$574$417$295
27 years$1,334$993$727$526$376$262
28 years$1,273$935$676$482$339$232
29 years$1,216$882$629$442$306$206
30 years$1,162$833$586$405$277$183
31 years$1,113$788$546$372$250$163
32 years$1,066$745$510$342$226$145
33 years$1,023$706$476$315$205$129
34 years$982$669$445$290$185$115
35 years$943$635$416$267$168$102
36 years$907$602$389$245$152$91
37 years$873$572$364$226$138$81
38 years$840$544$341$208$125$72
39 years$810$517$319$192$113$64
40 years$781$492$299$177$103$57
41 years$753$468$281$164$93$51
42 years$727$446$263$151$85$45
43 years$702$425$247$139$77$40
44 years$678$405$232$129$70$36
45 years$656$386$218$119$63$32
46 years$634$368$205$110$58$29
47 years$614$352$192$101$52$26
48 years$594$336$181$94$47$23
49 years$575$320$170$87$43$20
50 years$557$306$160$80$39$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $571,000, adding $3,674 every year, while hoping to spend $36,368 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: 85/5/10 Blend
52$571,000$571,000$571,000$571,000
53$633,032$602,769$593,918$685,607
54$658,906$593,609$575,119$711,350
55$686,200$582,782$554,472$734,327
56$715,021$570,167$531,875$758,443
57$745,485$555,636$507,224$783,789
58$777,718$539,057$480,410$810,464
59$811,859$520,284$451,318$838,581
60$848,059$499,169$419,828$868,259
61$886,484$475,551$385,814$899,633
62$927,313$449,260$349,147$932,850
63$970,745$420,120$309,689$968,070
64$1,016,995$387,940$267,298$1,005,473
65$1,066,301$352,522$221,825$1,045,254
66$1,118,922$313,653$173,114$1,087,630
67$1,175,141$271,112$121,003$1,132,837
68$1,235,271$224,662$65,322$1,181,138
69$1,299,652$174,054$5,894$1,232,822
70$1,368,660$119,025$0$1,288,206
71$1,442,703$59,298$0$1,353,779
72$1,522,235$0$0$1,424,859
73$1,607,748$0$0$1,501,562
74$1,699,786$0$0$1,587,635
75$1,798,946$0$0$1,680,375
76$1,905,882$0$0$1,780,394
77$2,021,314$0$0$1,888,367
78$2,146,033$0$0$2,005,033
79$2,280,907$0$0$2,131,207
80$2,426,892$0$0$2,267,784
81$2,585,037$0$0$2,415,746
82$2,756,497$0$0$2,576,174
83$2,942,541$0$0$2,750,257
84$3,144,566$0$0$2,939,304
85$3,364,106$0$0$3,144,752
86$3,602,851$0$0$3,368,182
87$3,862,660$0$0$3,611,337
88$4,145,578$0$0$3,876,131
89$4,453,854$0$0$4,164,672
90$4,789,965$0$0$4,479,279
91$5,156,637$0$0$4,822,505
92$5,556,870$0$0$5,197,160
93$5,993,965$0$0$5,606,337
94$6,471,558$0$0$6,053,440
95$6,993,652$0$0$6,542,218
96$7,564,652$0$0$7,076,798
97$8,189,409$0$0$7,661,725
98$8,873,267$0$0$8,302,002
99$9,622,107$0$0$9,003,138
100$10,442,407$0$0$9,771,202