Can I retire at age 53 with 449,000?

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 $449,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$37,078$36,748$36,426$36,111$35,804$34,755
2 years$18,355$18,014$17,682$17,361$17,049$16,002
3 years$12,115$11,772$11,442$11,123$10,817$9,802
4 years$8,996$8,654$8,327$8,014$7,715$6,741
5 years$7,125$6,785$6,462$6,155$5,865$4,935
6 years$5,878$5,540$5,222$4,922$4,640$3,756
7 years$4,987$4,653$4,340$4,047$3,774$2,934
8 years$4,320$3,988$3,680$3,395$3,131$2,335
9 years$3,801$3,472$3,170$2,892$2,637$1,885
10 years$3,386$3,061$2,764$2,493$2,247$1,537
11 years$3,047$2,725$2,433$2,169$1,932$1,264
12 years$2,765$2,446$2,159$1,903$1,674$1,046
13 years$2,526$2,210$1,929$1,680$1,460$870
14 years$2,321$2,009$1,733$1,491$1,280$727
15 years$2,144$1,835$1,565$1,330$1,127$609
16 years$1,989$1,684$1,419$1,191$996$512
17 years$1,853$1,551$1,291$1,070$883$432
18 years$1,732$1,433$1,179$964$785$364
19 years$1,623$1,328$1,079$871$700$308
20 years$1,526$1,234$990$789$625$261
21 years$1,438$1,149$911$716$559$221
22 years$1,358$1,073$839$651$501$188
23 years$1,285$1,004$775$593$450$159
24 years$1,219$940$717$541$405$136
25 years$1,158$882$664$494$364$115
26 years$1,101$829$616$452$328$98
27 years$1,049$780$572$413$296$83
28 years$1,001$735$532$379$267$71
29 years$956$694$495$347$241$61
30 years$914$655$461$319$218$52
31 years$875$619$430$293$197$44
32 years$838$586$401$269$178$37
33 years$804$555$374$247$161$32
34 years$772$526$350$228$146$27
35 years$742$499$327$210$132$23
36 years$713$474$306$193$120$20
37 years$686$450$286$178$108$17
38 years$661$427$268$164$98$14
39 years$637$406$251$151$89$12
40 years$614$387$235$139$81$10
41 years$592$368$221$129$73$9
42 years$572$351$207$119$67$8
43 years$552$334$194$110$60$7
44 years$533$318$182$101$55$6
45 years$516$304$171$93$50$5
46 years$499$290$161$86$45$4
47 years$483$276$151$80$41$3
48 years$467$264$142$74$37$3
49 years$452$252$133$68$34$3
50 years$438$241$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 $449,000, adding $2,738 every year, while hoping to spend $20,084 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: 50/30/20 Blend
52$449,000$449,000$449,000$449,000
53$497,622$473,825$466,866$519,599
54$527,010$475,673$461,137$536,941
55$558,723$476,939$454,542$553,499
56$592,976$477,572$447,033$571,070
57$630,007$477,521$438,555$589,757
58$670,076$476,727$429,055$609,675
59$713,470$475,133$418,475$630,952
60$760,504$472,675$406,754$653,728
61$811,525$469,286$393,830$678,162
62$866,914$464,894$379,636$704,425
63$927,090$459,424$364,105$732,713
64$992,513$452,796$347,163$763,238
65$1,063,692$444,926$328,735$796,238
66$1,141,185$435,723$308,744$831,977
67$1,225,605$425,093$287,106$870,745
68$1,317,628$412,935$263,736$912,866
69$1,417,999$399,141$238,544$958,698
70$1,527,536$383,600$211,436$1,008,636
71$1,647,140$366,191$182,314$1,063,120
72$1,777,803$346,790$151,077$1,122,636
73$1,920,617$325,261$117,616$1,187,720
74$2,076,785$301,464$81,821$1,258,969
75$2,247,631$275,249$43,576$1,337,040
76$2,434,611$246,458$2,758$1,422,662
77$2,639,332$214,925$0$1,516,641
78$2,863,561$180,473$0$1,628,576
79$3,109,244$142,916$0$1,751,938
80$3,378,525$102,057$0$1,887,257
81$3,673,765$57,689$0$2,035,769
82$3,997,565$9,591$0$2,198,837
83$4,352,788$0$0$2,377,967
84$4,742,589$0$0$2,588,838
85$5,170,443$0$0$2,823,819
86$5,640,177$0$0$3,081,853
87$6,156,009$0$0$3,365,260
88$6,722,582$0$0$3,676,601
89$7,345,013$0$0$4,018,693
90$8,028,940$0$0$4,394,642
91$8,780,570$0$0$4,807,867
92$9,606,747$0$0$5,262,138
93$10,515,006$0$0$5,761,607
94$11,513,652$0$0$6,310,848
95$12,611,831$0$0$6,914,900
96$13,819,625$0$0$7,579,316
97$15,148,137$0$0$8,310,214
98$16,609,603$0$0$9,114,335
99$18,217,504$0$0$9,999,105
100$19,986,692$0$0$10,972,708