Can I retire at age 53 with 451,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$37,243$36,911$36,588$36,272$35,963$34,910
2 years$18,437$18,094$17,761$17,438$17,125$16,073
3 years$12,169$11,825$11,493$11,173$10,865$9,846
4 years$9,036$8,692$8,364$8,049$7,749$6,772
5 years$7,157$6,815$6,491$6,183$5,891$4,957
6 years$5,904$5,565$5,245$4,944$4,661$3,773
7 years$5,010$4,673$4,359$4,065$3,791$2,947
8 years$4,339$4,006$3,697$3,410$3,145$2,346
9 years$3,818$3,488$3,184$2,905$2,648$1,893
10 years$3,401$3,074$2,776$2,504$2,257$1,544
11 years$3,061$2,737$2,444$2,179$1,941$1,269
12 years$2,777$2,457$2,169$1,911$1,682$1,050
13 years$2,537$2,220$1,938$1,687$1,467$874
14 years$2,331$2,018$1,741$1,498$1,286$730
15 years$2,154$1,843$1,572$1,336$1,132$612
16 years$1,998$1,691$1,425$1,196$1,000$514
17 years$1,861$1,558$1,297$1,075$887$433
18 years$1,739$1,439$1,184$969$789$366
19 years$1,631$1,334$1,084$875$703$310
20 years$1,533$1,240$995$793$628$262
21 years$1,444$1,155$915$719$562$222
22 years$1,364$1,078$843$654$504$189
23 years$1,291$1,008$779$596$452$160
24 years$1,224$944$720$543$406$136
25 years$1,163$886$667$496$366$116
26 years$1,106$833$618$454$329$98
27 years$1,054$784$574$415$297$84
28 years$1,005$739$534$380$268$71
29 years$960$697$497$349$242$61
30 years$918$658$463$320$219$52
31 years$879$622$431$294$198$44
32 years$842$589$403$270$179$38
33 years$808$557$376$249$162$32
34 years$775$528$351$229$147$27
35 years$745$501$328$210$133$23
36 years$716$476$307$194$120$20
37 years$689$452$287$179$109$17
38 years$664$429$269$165$99$14
39 years$640$408$252$152$90$12
40 years$617$388$236$140$81$11
41 years$595$370$222$129$74$9
42 years$574$352$208$119$67$8
43 years$555$336$195$110$61$7
44 years$536$320$183$102$55$6
45 years$518$305$172$94$50$5
46 years$501$291$162$87$45$4
47 years$485$278$152$80$41$3
48 years$469$265$143$74$37$3
49 years$455$253$134$68$34$3
50 years$440$242$126$63$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $451,000, adding $5,222 every year, while hoping to spend $25,575 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: 64/20/16 Blend
52$451,000$451,000$451,000$451,000
53$502,388$478,485$471,495$532,244
54$526,421$474,720$460,078$549,138
55$552,047$469,912$447,422$564,179
56$579,402$463,985$433,458$579,991
57$608,637$456,855$418,114$596,649
58$639,912$448,435$401,315$614,238
59$673,407$438,633$382,983$632,852
60$709,317$427,349$363,036$652,593
61$747,858$414,479$341,388$673,579
62$789,265$399,914$317,950$695,936
63$833,797$383,537$292,628$719,809
64$881,738$365,224$265,325$745,355
65$933,400$344,845$235,939$772,751
66$989,127$322,262$204,362$802,191
67$1,049,293$297,328$170,484$833,892
68$1,114,314$269,890$134,188$868,095
69$1,184,643$239,784$95,353$905,065
70$1,260,782$206,839$53,852$945,099
71$1,343,278$170,870$9,552$988,524
72$1,432,737$131,688$0$1,035,703
73$1,529,823$89,087$0$1,093,478
74$1,635,266$42,854$0$1,158,015
75$1,749,871$0$0$1,228,198
76$1,874,521$0$0$1,306,196
77$2,010,190$0$0$1,401,380
78$2,157,948$0$0$1,505,075
79$2,318,973$0$0$1,618,111
80$2,494,560$0$0$1,741,401
81$2,686,139$0$0$1,875,952
82$2,895,277$0$0$2,022,869
83$3,123,705$0$0$2,183,373
84$3,373,326$0$0$2,358,805
85$3,646,235$0$0$2,550,641
86$3,944,739$0$0$2,760,509
87$4,271,377$0$0$2,990,199
88$4,628,947$0$0$3,241,683
89$5,020,529$0$0$3,517,133
90$5,449,514$0$0$3,818,940
91$5,919,638$0$0$4,149,737
92$6,435,014$0$0$4,512,426
93$7,000,173$0$0$4,910,200
94$7,620,105$0$0$5,346,579
95$8,300,307$0$0$5,825,438
96$9,046,832$0$0$6,351,046
97$9,866,349$0$0$6,928,106
98$10,766,204$0$0$7,561,797
99$11,754,489$0$0$8,257,826
100$12,840,118$0$0$9,022,478