Can I retire at age 53 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$48,804$48,370$47,945$47,531$47,127$46,752
2 years$24,161$23,711$23,274$22,852$22,442$22,063
3 years$15,947$15,495$15,060$14,641$14,238$13,868
4 years$11,841$11,391$10,960$10,548$10,155$9,796
5 years$9,378$8,930$8,505$8,102$7,719$7,374
6 years$7,737$7,292$6,874$6,479$6,108$5,776
7 years$6,565$6,124$5,712$5,327$4,967$4,648
8 years$5,686$5,249$4,844$4,469$4,121$3,815
9 years$5,003$4,571$4,172$3,806$3,470$3,178
10 years$4,457$4,029$3,638$3,281$2,957$2,677
11 years$4,011$3,587$3,202$2,856$2,543$2,276
12 years$3,639$3,219$2,842$2,505$2,204$1,949
13 years$3,324$2,909$2,539$2,211$1,922$1,679
14 years$3,055$2,644$2,281$1,963$1,685$1,454
15 years$2,822$2,416$2,060$1,751$1,483$1,264
16 years$2,618$2,216$1,868$1,567$1,311$1,103
17 years$2,439$2,041$1,699$1,408$1,162$965
18 years$2,279$1,886$1,551$1,269$1,034$847
19 years$2,137$1,748$1,420$1,147$921$745
20 years$2,009$1,624$1,303$1,039$823$656
21 years$1,893$1,513$1,199$943$736$579
22 years$1,788$1,412$1,105$857$660$512
23 years$1,692$1,321$1,020$781$592$453
24 years$1,604$1,238$944$712$533$402
25 years$1,524$1,161$874$650$479$356
26 years$1,449$1,092$810$594$432$316
27 years$1,381$1,027$753$544$389$281
28 years$1,317$968$700$499$351$250
29 years$1,258$913$651$457$317$222
30 years$1,203$862$606$420$286$198
31 years$1,152$815$565$385$259$176
32 years$1,103$771$528$354$234$157
33 years$1,058$731$493$326$212$140
34 years$1,016$692$460$300$192$124
35 years$976$657$430$276$174$111
36 years$939$623$402$254$158$99
37 years$903$592$377$234$143$88
38 years$870$563$353$216$129$79
39 years$838$535$331$199$117$70
40 years$808$509$310$183$106$63
41 years$779$485$290$169$97$56
42 years$752$461$272$156$88$50
43 years$727$440$256$144$80$45
44 years$702$419$240$133$72$40
45 years$679$400$225$123$66$36
46 years$657$381$212$114$60$32
47 years$635$364$199$105$54$28
48 years$615$347$187$97$49$25
49 years$596$332$176$90$45$23
50 years$577$317$165$83$40$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $591,000, adding $3,559 every year, while hoping to spend $47,160 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: 63/7/30 Blend
52$591,000$591,000$591,000$591,000
53$654,953$623,630$614,470$690,732
54$671,580$604,010$584,876$695,846
55$688,323$581,848$552,711$695,992
56$705,143$556,970$517,838$695,157
57$721,997$529,191$480,115$693,253
58$738,836$498,316$439,394$690,185
59$755,602$464,138$395,519$685,852
60$772,233$426,441$348,328$680,142
61$788,657$384,992$297,653$672,937
62$804,791$339,549$243,316$664,107
63$820,546$289,853$185,133$653,514
64$835,819$235,632$122,912$641,006
65$850,493$176,599$56,451$626,421
66$864,442$112,451$0$609,581
67$877,520$42,865$0$594,929
68$889,566$0$0$597,209
69$900,401$0$0$600,683
70$909,824$0$0$606,456
71$917,612$0$0$611,070
72$923,517$0$0$614,350
73$927,262$0$0$616,106
74$928,539$0$0$616,121
75$927,008$0$0$614,160
76$922,289$0$0$609,956
77$913,961$0$0$603,219
78$901,559$0$0$593,622
79$884,564$0$0$580,806
80$862,403$0$0$564,371
81$834,442$0$0$543,877
82$799,977$0$0$518,833
83$758,230$0$0$488,698
84$708,340$0$0$452,873
85$649,353$0$0$410,695
86$580,216$0$0$361,432
87$499,762$0$0$304,272
88$406,703$0$0$238,321
89$299,615$0$0$162,587
90$176,924$0$0$75,976
91$36,892$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