Can I retire at age 53 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$47,400$46,978$46,566$46,164$45,772$44,413
2 years$23,466$23,029$22,605$22,194$21,796$20,439
3 years$15,488$15,049$14,627$14,220$13,828$12,515
4 years$11,500$11,063$10,645$10,245$9,862$8,602
5 years$9,108$8,673$8,261$7,869$7,497$6,294
6 years$7,514$7,083$6,676$6,293$5,932$4,788
7 years$6,376$5,948$5,548$5,174$4,825$3,738
8 years$5,523$5,098$4,705$4,340$4,002$2,973
9 years$4,859$4,439$4,052$3,697$3,371$2,398
10 years$4,329$3,913$3,533$3,187$2,872$1,954
11 years$3,895$3,483$3,110$2,773$2,470$1,606
12 years$3,534$3,126$2,760$2,433$2,140$1,328
13 years$3,229$2,825$2,466$2,148$1,866$1,104
14 years$2,967$2,568$2,216$1,906$1,636$922
15 years$2,741$2,346$2,001$1,700$1,441$772
16 years$2,543$2,153$1,814$1,522$1,273$649
17 years$2,369$1,982$1,651$1,368$1,129$546
18 years$2,214$1,832$1,507$1,233$1,004$461
19 years$2,075$1,698$1,379$1,114$895$389
20 years$1,951$1,578$1,266$1,009$799$329
21 years$1,838$1,469$1,164$916$715$279
22 years$1,736$1,372$1,073$832$641$237
23 years$1,643$1,283$991$758$575$201
24 years$1,558$1,202$916$691$517$171
25 years$1,480$1,128$849$631$465$145
26 years$1,408$1,060$787$577$419$123
27 years$1,341$998$731$528$378$105
28 years$1,279$940$680$484$341$89
29 years$1,222$887$632$444$308$76
30 years$1,168$838$589$408$278$65
31 years$1,118$792$549$374$252$55
32 years$1,072$749$512$344$228$47
33 years$1,028$710$478$316$206$40
34 years$987$672$447$291$186$34
35 years$948$638$418$268$169$29
36 years$912$605$391$247$153$25
37 years$877$575$366$227$139$21
38 years$845$546$343$210$126$18
39 years$814$520$321$193$114$15
40 years$785$494$301$178$103$13
41 years$757$471$282$164$94$11
42 years$731$448$265$152$85$9
43 years$706$427$248$140$77$8
44 years$682$407$233$129$70$7
45 years$659$388$219$119$64$6
46 years$638$370$206$110$58$5
47 years$617$353$193$102$52$4
48 years$597$337$181$94$48$4
49 years$578$322$171$87$43$3
50 years$560$308$160$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $574,000, adding $3,608 every year, while hoping to spend $29,279 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: 29/45/26 Blend
52$574,000$574,000$574,000$574,000
53$636,270$605,848$596,951$649,511
54$670,017$604,382$585,796$658,711
55$706,224$601,862$573,286$665,791
56$745,113$598,207$559,345$672,809
57$786,924$593,329$543,893$679,779
58$831,923$587,135$526,846$686,720
59$880,401$579,527$508,117$693,655
60$932,678$570,399$487,615$700,614
61$989,105$559,643$465,244$707,629
62$1,050,069$547,140$440,904$714,743
63$1,115,993$532,767$414,492$722,005
64$1,187,344$516,392$385,897$729,472
65$1,264,634$497,877$355,006$737,212
66$1,348,428$477,074$321,700$745,305
67$1,439,346$453,829$285,855$753,841
68$1,538,068$427,975$247,340$762,926
69$1,645,345$399,340$206,020$772,681
70$1,762,002$367,739$161,753$783,244
71$1,888,946$332,978$114,391$794,774
72$2,027,175$294,851$63,781$807,453
73$2,177,789$253,141$9,759$821,484
74$2,341,997$207,618$0$837,102
75$2,521,129$158,040$0$867,855
76$2,716,651$104,151$0$904,509
77$2,930,174$45,679$0$944,741
78$3,163,474$0$0$988,982
79$3,418,505$0$0$1,046,460
80$3,697,418$0$0$1,134,145
81$4,002,583$0$0$1,230,174
82$4,336,607$0$0$1,335,379
83$4,702,363$0$0$1,450,676
84$5,103,014$0$0$1,577,075
85$5,542,044$0$0$1,715,687
86$6,023,287$0$0$1,867,737
87$6,550,971$0$0$2,034,572
88$7,129,747$0$0$2,217,679
89$7,764,741$0$0$2,418,694
90$8,461,600$0$0$2,639,419
91$9,226,540$0$0$2,881,840
92$10,066,414$0$0$3,148,143
93$10,988,765$0$0$3,440,738
94$12,001,907$0$0$3,762,280
95$13,114,997$0$0$4,115,693
96$14,338,122$0$0$4,504,198
97$15,682,396$0$0$4,931,344
98$17,160,062$0$0$5,401,043
99$18,784,608$0$0$5,917,602
100$20,570,897$0$0$6,485,768