Can I retire at age 53 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$36,913$36,584$36,263$35,950$35,644$34,545
2 years$18,274$17,933$17,604$17,284$16,974$15,875
3 years$12,061$11,720$11,391$11,074$10,769$9,706
4 years$8,956$8,615$8,289$7,978$7,680$6,662
5 years$7,093$6,754$6,433$6,128$5,838$4,867
6 years$5,852$5,515$5,199$4,901$4,620$3,696
7 years$4,965$4,632$4,320$4,029$3,757$2,881
8 years$4,301$3,970$3,664$3,380$3,117$2,287
9 years$3,784$3,457$3,156$2,879$2,625$1,841
10 years$3,371$3,047$2,751$2,482$2,237$1,498
11 years$3,033$2,713$2,422$2,160$1,923$1,228
12 years$2,752$2,435$2,150$1,894$1,667$1,014
13 years$2,514$2,200$1,921$1,672$1,454$841
14 years$2,311$2,000$1,726$1,485$1,274$701
15 years$2,135$1,827$1,558$1,324$1,122$586
16 years$1,980$1,676$1,413$1,186$992$491
17 years$1,845$1,544$1,285$1,065$879$413
18 years$1,724$1,427$1,173$960$782$347
19 years$1,616$1,322$1,074$867$697$293
20 years$1,519$1,229$986$786$622$247
21 years$1,432$1,144$907$713$557$209
22 years$1,352$1,068$836$648$499$177
23 years$1,280$999$772$590$448$150
24 years$1,213$936$714$538$403$127
25 years$1,152$878$661$492$362$107
26 years$1,096$826$613$450$326$91
27 years$1,044$777$569$412$294$77
28 years$996$732$529$377$266$66
29 years$952$691$492$346$240$56
30 years$910$652$459$317$217$47
31 years$871$617$428$291$196$40
32 years$835$583$399$268$177$34
33 years$801$553$373$246$160$29
34 years$768$524$348$227$145$25
35 years$738$497$325$209$132$21
36 years$710$471$304$192$119$18
37 years$683$448$285$177$108$15
38 years$658$426$267$163$98$13
39 years$634$405$250$150$89$11
40 years$611$385$234$139$81$9
41 years$590$366$220$128$73$8
42 years$569$349$206$118$66$7
43 years$550$333$193$109$60$6
44 years$531$317$182$101$55$5
45 years$513$302$170$93$50$4
46 years$497$288$160$86$45$4
47 years$481$275$150$79$41$3
48 years$465$263$141$73$37$3
49 years$450$251$133$68$34$2
50 years$436$240$125$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $447,000, adding $6,036 every year, while hoping to spend $31,248 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: 66/9/25 Blend
52$447,000$447,000$447,000$447,000
53$498,820$475,129$468,201$528,131
54$516,452$465,163$450,638$538,639
55$534,835$453,661$431,439$546,047
56$554,013$440,515$410,517$553,435
57$574,033$425,611$387,780$560,803
58$594,946$408,827$363,132$568,152
59$616,805$390,035$336,472$575,484
60$639,672$369,099$307,696$582,802
61$663,610$345,876$276,695$590,111
62$688,687$320,213$243,354$597,417
63$714,981$291,951$207,554$604,731
64$742,572$260,920$169,170$612,062
65$771,549$226,940$128,072$619,425
66$802,009$189,821$84,124$626,838
67$834,056$149,365$37,184$634,321
68$867,805$105,359$0$641,898
69$903,379$57,579$0$653,044
70$940,914$5,791$0$675,157
71$980,558$0$0$698,393
72$1,022,470$0$0$727,819
73$1,066,828$0$0$759,582
74$1,113,822$0$0$793,247
75$1,163,662$0$0$828,966
76$1,216,577$0$0$866,905
77$1,272,818$0$0$907,244
78$1,332,657$0$0$950,184
79$1,396,396$0$0$995,941
80$1,464,362$0$0$1,044,754
81$1,536,915$0$0$1,096,884
82$1,614,448$0$0$1,152,616
83$1,697,394$0$0$1,212,263
84$1,786,227$0$0$1,276,171
85$1,881,464$0$0$1,344,715
86$1,983,677$0$0$1,418,310
87$2,093,490$0$0$1,497,408
88$2,211,590$0$0$1,582,510
89$2,338,729$0$0$1,674,161
90$2,475,736$0$0$1,772,963
91$2,623,518$0$0$1,879,576
92$2,783,075$0$0$1,994,726
93$2,955,504$0$0$2,119,208
94$3,142,010$0$0$2,253,901
95$3,343,918$0$0$2,399,765
96$3,562,686$0$0$2,557,861
97$3,799,916$0$0$2,729,352
98$4,057,368$0$0$2,915,519
99$4,336,981$0$0$3,117,769
100$4,640,887$0$0$3,337,653