Can I retire at age 53 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$37,656$37,321$36,993$36,674$36,362$35,584
2 years$18,642$18,294$17,958$17,632$17,315$16,535
3 years$12,304$11,956$11,620$11,297$10,986$10,228
4 years$9,136$8,789$8,456$8,139$7,835$7,106
5 years$7,236$6,890$6,562$6,251$5,956$5,257
6 years$5,969$5,627$5,303$4,999$4,713$4,045
7 years$5,065$4,725$4,407$4,110$3,833$3,196
8 years$4,387$4,050$3,738$3,448$3,180$2,573
9 years$3,860$3,527$3,219$2,937$2,678$2,102
10 years$3,439$3,108$2,807$2,532$2,282$1,736
11 years$3,094$2,767$2,471$2,203$1,962$1,445
12 years$2,808$2,484$2,193$1,933$1,700$1,212
13 years$2,565$2,245$1,959$1,706$1,483$1,022
14 years$2,357$2,040$1,760$1,515$1,300$865
15 years$2,177$1,864$1,589$1,351$1,144$736
16 years$2,020$1,710$1,441$1,209$1,011$627
17 years$1,882$1,575$1,311$1,087$897$536
18 years$1,759$1,455$1,197$979$797$460
19 years$1,649$1,349$1,096$885$711$395
20 years$1,550$1,253$1,006$801$635$339
21 years$1,460$1,167$925$727$568$292
22 years$1,379$1,090$853$661$509$252
23 years$1,305$1,019$787$602$457$217
24 years$1,238$955$728$549$411$188
25 years$1,176$896$674$502$370$162
26 years$1,118$842$625$459$333$140
27 years$1,065$793$581$420$300$121
28 years$1,016$747$540$385$271$105
29 years$971$705$502$353$245$91
30 years$928$665$468$324$221$79
31 years$889$629$436$297$200$68
32 years$851$595$407$273$181$59
33 years$817$564$380$251$164$51
34 years$784$534$355$231$148$44
35 years$753$507$332$213$134$38
36 years$724$481$311$196$122$33
37 years$697$457$291$181$110$29
38 years$671$434$272$166$100$25
39 years$647$413$255$153$91$22
40 years$623$393$239$142$82$19
41 years$601$374$224$131$75$16
42 years$581$356$210$121$68$14
43 years$561$339$197$111$61$12
44 years$542$323$185$103$56$11
45 years$524$308$174$95$51$9
46 years$507$294$163$88$46$8
47 years$490$281$153$81$42$7
48 years$475$268$144$75$38$6
49 years$460$256$136$69$34$5
50 years$445$244$127$64$31$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $456,000, adding $6,839 every year, while hoping to spend $23,315 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: 64/7/29 Blend
52$456,000$456,000$456,000$456,000
53$509,566$485,398$478,330$537,839
54$536,735$484,376$469,548$556,792
55$565,894$482,522$459,689$574,328
56$597,221$479,771$448,694$592,988
57$630,911$476,054$436,500$612,886
58$667,181$471,297$423,039$634,150
59$706,265$465,423$408,242$656,919
60$748,423$458,348$392,038$681,348
61$793,941$449,985$374,349$707,608
62$843,130$440,242$355,097$735,891
63$896,335$429,019$334,199$766,406
64$953,934$416,214$311,567$799,388
65$1,016,343$401,716$287,112$835,092
66$1,084,018$385,408$260,739$873,806
67$1,157,462$367,167$232,348$915,845
68$1,237,228$346,863$201,836$961,559
69$1,323,924$324,358$169,096$1,011,333
70$1,418,218$299,506$134,015$1,065,595
71$1,520,847$272,153$96,476$1,124,819
72$1,632,621$242,135$56,355$1,189,525
73$1,754,429$209,281$13,524$1,260,292
74$1,887,253$173,408$0$1,337,757
75$2,032,173$134,325$0$1,432,585
76$2,190,375$91,828$0$1,540,710
77$2,363,169$45,702$0$1,658,849
78$2,551,992$0$0$1,787,999
79$2,758,430$0$0$1,929,591
80$2,984,229$0$0$2,088,342
81$3,231,309$0$0$2,262,086
82$3,501,785$0$0$2,452,316
83$3,797,988$0$0$2,660,673
84$4,122,483$0$0$2,888,967
85$4,478,094$0$0$3,139,189
86$4,867,935$0$0$3,413,533
87$5,295,431$0$0$3,714,416
88$5,764,357$0$0$4,044,499
89$6,278,871$0$0$4,406,714
90$6,843,551$0$0$4,804,290
91$7,463,442$0$0$5,240,784
92$8,144,100$0$0$5,720,113
93$8,891,646$0$0$6,246,594
94$9,712,822$0$0$6,824,981
95$10,615,057$0$0$7,460,513
96$11,606,533$0$0$8,158,959
97$12,696,264$0$0$8,926,678
98$13,894,183$0$0$9,770,672
99$15,211,230$0$0$10,698,658
100$16,659,462$0$0$11,719,137