Can I retire at age 53 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$37,243$36,911$36,588$36,272$35,963$35,066
2 years$18,437$18,094$17,761$17,438$17,125$16,227
3 years$12,169$11,825$11,493$11,173$10,865$9,993
4 years$9,036$8,692$8,364$8,049$7,749$6,911
5 years$7,157$6,815$6,491$6,183$5,891$5,089
6 years$5,904$5,565$5,245$4,944$4,661$3,896
7 years$5,010$4,673$4,359$4,065$3,791$3,063
8 years$4,339$4,006$3,697$3,410$3,145$2,453
9 years$3,818$3,488$3,184$2,905$2,648$1,993
10 years$3,401$3,074$2,776$2,504$2,257$1,637
11 years$3,061$2,737$2,444$2,179$1,941$1,355
12 years$2,777$2,457$2,169$1,911$1,682$1,130
13 years$2,537$2,220$1,938$1,687$1,467$947
14 years$2,331$2,018$1,741$1,498$1,286$797
15 years$2,154$1,843$1,572$1,336$1,132$673
16 years$1,998$1,691$1,425$1,196$1,000$570
17 years$1,861$1,558$1,297$1,075$887$485
18 years$1,739$1,439$1,184$969$789$412
19 years$1,631$1,334$1,084$875$703$352
20 years$1,533$1,240$995$793$628$300
21 years$1,444$1,155$915$719$562$257
22 years$1,364$1,078$843$654$504$220
23 years$1,291$1,008$779$596$452$188
24 years$1,224$944$720$543$406$161
25 years$1,163$886$667$496$366$138
26 years$1,106$833$618$454$329$119
27 years$1,054$784$574$415$297$102
28 years$1,005$739$534$380$268$88
29 years$960$697$497$349$242$75
30 years$918$658$463$320$219$65
31 years$879$622$431$294$198$56
32 years$842$589$403$270$179$48
33 years$808$557$376$249$162$41
34 years$775$528$351$229$147$35
35 years$745$501$328$210$133$31
36 years$716$476$307$194$120$26
37 years$689$452$287$179$109$23
38 years$664$429$269$165$99$19
39 years$640$408$252$152$90$17
40 years$617$388$236$140$81$14
41 years$595$370$222$129$74$12
42 years$574$352$208$119$67$11
43 years$555$336$195$110$61$9
44 years$536$320$183$102$55$8
45 years$518$305$172$94$50$7
46 years$501$291$162$87$45$6
47 years$485$278$152$80$41$5
48 years$469$265$143$74$37$4
49 years$455$253$134$68$34$4
50 years$440$242$126$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $451,000, adding $6,586 every year, while hoping to spend $38,237 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: 52/26/22 Blend
52$451,000$451,000$451,000$451,000
53$503,795$479,892$472,902$526,608
54$514,499$462,723$448,060$525,883
55$525,012$443,431$421,105$520,611
56$535,276$421,872$391,925$514,074
57$545,223$397,893$360,403$506,167
58$554,779$371,332$326,419$496,775
59$563,858$342,020$289,846$485,773
60$572,367$309,774$250,551$473,029
61$580,200$274,404$208,396$458,400
62$587,240$235,710$163,237$441,729
63$593,355$193,476$114,923$422,849
64$598,400$147,479$63,295$401,580
65$602,212$97,481$8,191$377,727
66$604,611$43,230$0$351,078
67$605,394$0$0$333,287
68$604,340$0$0$319,496
69$601,199$0$0$316,852
70$595,698$0$0$312,828
71$587,531$0$0$307,249
72$576,359$0$0$299,920
73$561,808$0$0$290,626
74$543,463$0$0$279,127
75$520,864$0$0$265,159
76$493,501$0$0$248,430
77$460,812$0$0$228,615
78$422,174$0$0$205,357
79$376,896$0$0$178,259
80$324,218$0$0$146,884
81$263,296$0$0$110,748
82$193,199$0$0$69,316
83$112,899$0$0$21,997
84$21,257$0$0$0
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