Can I retire at age 53 with 448,000?

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 $448,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$36,995$36,666$36,344$36,031$35,724$35,322
2 years$18,315$17,973$17,643$17,322$17,011$16,606
3 years$12,088$11,746$11,416$11,099$10,793$10,398
4 years$8,976$8,634$8,308$7,996$7,698$7,315
5 years$7,109$6,770$6,447$6,142$5,852$5,483
6 years$5,865$5,528$5,210$4,912$4,630$4,276
7 years$4,976$4,642$4,330$4,038$3,766$3,426
8 years$4,310$3,979$3,672$3,387$3,124$2,799
9 years$3,793$3,465$3,163$2,885$2,631$2,321
10 years$3,379$3,054$2,757$2,487$2,242$1,946
11 years$3,040$2,719$2,428$2,165$1,928$1,646
12 years$2,758$2,440$2,154$1,899$1,671$1,403
13 years$2,520$2,205$1,925$1,676$1,457$1,202
14 years$2,316$2,004$1,729$1,488$1,277$1,035
15 years$2,139$1,831$1,561$1,327$1,124$895
16 years$1,985$1,680$1,416$1,188$994$777
17 years$1,849$1,547$1,288$1,068$881$676
18 years$1,728$1,430$1,176$962$783$590
19 years$1,620$1,325$1,077$869$698$516
20 years$1,523$1,231$988$787$624$452
21 years$1,435$1,147$909$715$558$396
22 years$1,355$1,071$838$650$500$348
23 years$1,283$1,001$773$592$449$306
24 years$1,216$938$715$540$404$270
25 years$1,155$880$662$493$363$238
26 years$1,099$827$614$451$327$210
27 years$1,047$779$571$412$295$185
28 years$998$734$530$378$266$164
29 years$954$692$494$347$240$144
30 years$912$654$460$318$217$128
31 years$873$618$429$292$196$113
32 years$836$585$400$268$178$100
33 years$802$554$373$247$161$88
34 years$770$525$349$227$146$78
35 years$740$498$326$209$132$69
36 years$712$473$305$193$119$61
37 years$685$449$286$177$108$54
38 years$659$426$267$164$98$48
39 years$635$406$251$151$89$43
40 years$612$386$235$139$81$38
41 years$591$367$220$128$73$34
42 years$570$350$207$118$66$30
43 years$551$333$194$109$60$26
44 years$532$318$182$101$55$23
45 years$515$303$171$93$50$21
46 years$498$289$160$86$45$18
47 years$482$276$151$80$41$16
48 years$466$263$142$74$37$14
49 years$451$251$133$68$34$13
50 years$437$240$125$63$31$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $448,000, adding $4,305 every year, while hoping to spend $23,153 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: 43/47/10 Blend
52$448,000$448,000$448,000$448,000
53$498,137$474,393$467,449$517,936
54$524,312$473,003$458,474$530,769
55$552,381$470,770$448,422$541,984
56$582,513$467,626$437,233$553,613
57$614,893$463,503$424,843$565,701
58$649,723$458,327$411,187$578,302
59$687,228$452,018$396,195$591,476
60$727,653$444,494$379,795$605,290
61$771,265$435,666$361,910$619,822
62$818,363$425,442$342,463$635,156
63$869,269$413,723$321,369$651,391
64$924,343$400,403$298,542$668,634
65$983,975$385,372$273,893$687,007
66$1,048,599$368,514$247,327$706,649
67$1,118,688$349,703$218,745$727,713
68$1,194,766$328,810$188,044$750,370
69$1,277,405$305,694$155,116$774,814
70$1,367,238$280,211$119,850$801,260
71$1,464,959$252,204$82,128$829,949
72$1,571,333$221,510$41,827$861,150
73$1,687,201$187,956$0$895,162
74$1,813,488$151,359$0$932,447
75$1,951,214$111,526$0$978,024
76$2,101,500$68,253$0$1,027,854
77$2,265,579$21,324$0$1,082,416
78$2,444,812$0$0$1,142,243
79$2,640,692$0$0$1,223,175
80$2,854,867$0$0$1,323,777
81$3,089,150$0$0$1,433,880
82$3,345,537$0$0$1,554,429
83$3,626,226$0$0$1,686,463
84$3,933,638$0$0$1,831,130
85$4,270,439$0$0$1,989,691
86$4,639,564$0$0$2,163,536
87$5,044,246$0$0$2,354,197
88$5,488,046$0$0$2,563,360
89$5,974,886$0$0$2,792,882
90$6,509,086$0$0$3,044,810
91$7,095,405$0$0$3,321,396
92$7,739,083$0$0$3,625,123
93$8,445,895$0$0$3,958,726
94$9,222,201$0$0$4,325,218
95$10,075,007$0$0$4,727,917
96$11,012,031$0$0$5,170,479
97$12,041,777$0$0$5,656,933
98$13,173,613$0$0$6,191,715
99$14,417,859$0$0$6,779,715
100$15,785,884$0$0$7,426,319