Can I retire at age 53 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$47,813$47,387$46,972$46,566$46,170$45,707
2 years$23,670$23,229$22,802$22,388$21,986$21,519
3 years$15,623$15,180$14,754$14,344$13,949$13,493
4 years$11,601$11,159$10,737$10,334$9,948$9,508
5 years$9,188$8,749$8,333$7,938$7,563$7,138
6 years$7,580$7,144$6,734$6,348$5,984$5,576
7 years$6,431$6,000$5,596$5,219$4,867$4,475
8 years$5,571$5,143$4,746$4,378$4,037$3,662
9 years$4,902$4,478$4,088$3,729$3,400$3,041
10 years$4,367$3,947$3,564$3,214$2,897$2,555
11 years$3,929$3,514$3,137$2,798$2,491$2,165
12 years$3,565$3,154$2,784$2,454$2,159$1,848
13 years$3,257$2,850$2,488$2,166$1,883$1,587
14 years$2,993$2,591$2,235$1,923$1,650$1,370
15 years$2,765$2,367$2,018$1,715$1,453$1,187
16 years$2,565$2,171$1,830$1,536$1,284$1,032
17 years$2,389$2,000$1,665$1,380$1,139$900
18 years$2,233$1,848$1,520$1,243$1,013$787
19 years$2,093$1,713$1,391$1,124$902$690
20 years$1,968$1,591$1,277$1,018$806$606
21 years$1,854$1,482$1,175$924$721$532
22 years$1,751$1,384$1,082$840$647$469
23 years$1,658$1,294$999$765$580$413
24 years$1,572$1,212$924$697$522$365
25 years$1,493$1,138$856$637$469$322
26 years$1,420$1,069$794$582$423$285
27 years$1,353$1,006$737$533$381$252
28 years$1,290$948$685$488$344$223
29 years$1,233$895$638$448$311$198
30 years$1,179$845$594$411$281$175
31 years$1,128$799$554$378$254$155
32 years$1,081$756$517$347$230$138
33 years$1,037$716$483$319$208$122
34 years$995$678$451$294$188$109
35 years$956$643$422$270$170$96
36 years$920$611$394$249$154$86
37 years$885$580$369$229$140$76
38 years$852$551$346$211$127$68
39 years$821$524$324$195$115$60
40 years$792$499$304$180$104$53
41 years$764$475$285$166$95$47
42 years$737$452$267$153$86$42
43 years$712$431$251$141$78$37
44 years$688$411$235$130$71$33
45 years$665$392$221$120$64$30
46 years$643$374$207$111$58$26
47 years$622$356$195$103$53$23
48 years$603$340$183$95$48$21
49 years$584$325$172$88$44$19
50 years$565$310$162$81$40$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $579,000, adding $5,108 every year, while hoping to spend $48,660 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: 71/14/15 Blend
52$579,000$579,000$579,000$579,000
53$643,327$612,640$603,665$686,463
54$657,172$590,885$572,114$694,019
55$670,799$566,434$537,875$695,920
56$684,134$539,102$500,807$696,734
57$697,093$508,696$460,762$696,347
58$709,585$475,010$417,585$694,631
59$721,504$437,827$371,116$691,448
60$732,734$396,918$321,186$686,647
61$743,146$352,040$267,618$680,063
62$752,593$302,936$210,230$671,518
63$760,914$249,336$148,829$660,814
64$767,927$190,954$83,215$647,738
65$773,433$127,487$13,179$632,054
66$777,205$58,616$0$613,508
67$778,996$0$0$601,674
68$778,529$0$0$591,747
69$775,497$0$0$588,827
70$769,559$0$0$583,616
71$760,336$0$0$575,817
72$747,410$0$0$565,101
73$730,314$0$0$551,106
74$708,536$0$0$533,426
75$681,503$0$0$511,615
76$648,584$0$0$485,178
77$609,082$0$0$453,569
78$562,222$0$0$416,180
79$507,149$0$0$372,343
80$442,918$0$0$321,317
81$368,482$0$0$262,282
82$282,686$0$0$194,334
83$184,252$0$0$116,472
84$71,769$0$0$27,590
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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