Can I retire at age 53 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$47,483$47,060$46,647$46,245$45,851$45,524
2 years$23,506$23,069$22,644$22,233$21,834$21,504
3 years$15,515$15,076$14,652$14,245$13,852$13,530
4 years$11,520$11,082$10,663$10,263$9,880$9,567
5 years$9,124$8,689$8,275$7,883$7,510$7,209
6 years$7,527$7,095$6,687$6,304$5,943$5,652
7 years$6,387$5,958$5,557$5,183$4,833$4,554
8 years$5,532$5,107$4,713$4,348$4,009$3,742
9 years$4,868$4,447$4,059$3,703$3,377$3,120
10 years$4,336$3,920$3,539$3,192$2,877$2,632
11 years$3,902$3,489$3,116$2,778$2,474$2,240
12 years$3,540$3,132$2,765$2,437$2,144$1,921
13 years$3,234$2,830$2,470$2,151$1,870$1,657
14 years$2,973$2,573$2,220$1,910$1,639$1,437
15 years$2,746$2,350$2,004$1,703$1,443$1,251
16 years$2,547$2,156$1,817$1,525$1,275$1,093
17 years$2,373$1,986$1,653$1,370$1,131$958
18 years$2,218$1,835$1,509$1,235$1,006$842
19 years$2,079$1,701$1,382$1,116$896$741
20 years$1,954$1,580$1,268$1,011$801$654
21 years$1,842$1,472$1,166$917$716$578
22 years$1,739$1,374$1,075$834$642$512
23 years$1,646$1,285$993$759$576$454
24 years$1,561$1,204$918$693$518$403
25 years$1,482$1,130$850$633$466$358
26 years$1,410$1,062$789$578$420$318
27 years$1,343$999$732$529$379$283
28 years$1,282$942$681$485$342$252
29 years$1,224$888$633$445$308$224
30 years$1,170$839$590$408$279$200
31 years$1,120$793$550$375$252$178
32 years$1,074$751$513$345$228$159
33 years$1,030$711$479$317$206$142
34 years$989$674$448$292$187$127
35 years$950$639$419$268$169$113
36 years$913$606$392$247$153$101
37 years$879$576$367$228$139$90
38 years$846$547$343$210$126$81
39 years$815$521$322$194$114$72
40 years$786$495$301$179$104$64
41 years$758$471$283$165$94$58
42 years$732$449$265$152$85$52
43 years$707$428$249$140$77$46
44 years$683$408$234$130$70$41
45 years$660$389$219$120$64$37
46 years$639$371$206$111$58$33
47 years$618$354$193$102$53$30
48 years$598$338$182$94$48$26
49 years$579$323$171$87$43$24
50 years$561$308$161$81$39$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $575,000, adding $2,738 every year, while hoping to spend $45,023 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: 48/32/20 Blend
52$575,000$575,000$575,000$575,000
53$636,474$605,999$597,087$663,308
54$653,490$587,789$569,185$664,047
55$670,733$567,178$538,840$660,085
56$688,179$544,000$505,921$654,839
57$705,798$518,081$470,294$648,209
58$723,558$489,235$431,818$640,085
59$741,421$457,268$390,344$630,353
60$759,344$421,973$345,719$618,887
61$777,278$383,130$297,781$605,556
62$795,167$340,509$246,363$590,217
63$812,945$293,866$191,288$572,718
64$830,543$242,943$132,373$552,897
65$847,878$187,467$69,427$530,580
66$864,858$127,149$2,250$505,580
67$881,382$61,687$0$477,699
68$897,332$0$0$461,541
69$912,580$0$0$446,787
70$926,980$0$0$453,272
71$940,370$0$0$459,188
72$952,570$0$0$464,437
73$963,377$0$0$468,911
74$972,566$0$0$472,490
75$979,887$0$0$475,041
76$985,060$0$0$476,414
77$987,775$0$0$476,444
78$987,687$0$0$474,947
79$984,415$0$0$471,720
80$977,531$0$0$466,536
81$966,567$0$0$459,144
82$950,997$0$0$449,266
83$930,243$0$0$436,594
84$903,664$0$0$420,787
85$870,547$0$0$401,467
86$830,105$0$0$378,216
87$781,467$0$0$350,571
88$723,669$0$0$318,020
89$655,644$0$0$279,998
90$576,213$0$0$235,877
91$484,071$0$0$184,967
92$377,777$0$0$126,502
93$255,737$0$0$59,638
94$116,191$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0