Can I retire at age 53 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$37,821$37,484$37,156$36,835$36,522$36,006
2 years$18,723$18,375$18,037$17,709$17,391$16,872
3 years$12,358$12,008$11,671$11,346$11,034$10,528
4 years$9,176$8,827$8,493$8,174$7,869$7,381
5 years$7,268$6,921$6,591$6,279$5,982$5,512
6 years$5,996$5,651$5,327$5,021$4,733$4,283
7 years$5,087$4,746$4,427$4,128$3,850$3,418
8 years$4,407$4,068$3,754$3,463$3,194$2,781
9 years$3,877$3,542$3,233$2,950$2,689$2,296
10 years$3,454$3,122$2,819$2,543$2,292$1,917
11 years$3,108$2,779$2,482$2,213$1,971$1,615
12 years$2,820$2,495$2,202$1,941$1,708$1,370
13 years$2,576$2,254$1,968$1,714$1,489$1,169
14 years$2,368$2,049$1,768$1,521$1,306$1,002
15 years$2,187$1,872$1,596$1,357$1,149$862
16 years$2,029$1,718$1,447$1,215$1,016$745
17 years$1,890$1,582$1,317$1,091$901$645
18 years$1,766$1,462$1,202$984$801$560
19 years$1,656$1,355$1,101$889$714$487
20 years$1,557$1,259$1,010$805$638$424
21 years$1,467$1,173$929$731$571$370
22 years$1,385$1,094$856$664$511$324
23 years$1,311$1,024$791$605$459$283
24 years$1,243$959$731$552$413$248
25 years$1,181$900$677$504$371$217
26 years$1,123$846$628$461$335$191
27 years$1,070$796$583$422$302$167
28 years$1,021$750$542$386$272$147
29 years$975$708$505$354$246$129
30 years$932$668$470$325$222$114
31 years$892$632$438$299$201$100
32 years$855$598$409$274$182$88
33 years$820$566$382$252$164$77
34 years$787$537$357$232$149$68
35 years$757$509$333$214$135$60
36 years$727$483$312$197$122$53
37 years$700$459$292$181$111$46
38 years$674$436$273$167$100$41
39 years$649$415$256$154$91$36
40 years$626$394$240$142$83$32
41 years$604$375$225$131$75$28
42 years$583$358$211$121$68$25
43 years$563$341$198$112$62$22
44 years$544$325$186$103$56$19
45 years$526$310$175$95$51$17
46 years$509$295$164$88$46$15
47 years$492$282$154$81$42$13
48 years$477$269$145$75$38$12
49 years$462$257$136$69$35$10
50 years$447$246$128$64$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $458,000, adding $6,431 every year, while hoping to spend $27,921 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: 38/34/28 Blend
52$458,000$458,000$458,000$458,000
53$511,350$487,076$479,977$526,319
54$533,800$481,235$466,348$532,048
55$557,604$474,172$451,327$535,211
56$582,870$465,797$434,838$538,096
57$609,719$456,017$416,800$540,695
58$638,278$444,730$397,132$543,004
59$668,692$431,831$375,745$545,019
60$701,115$417,207$352,549$546,739
61$735,718$400,739$327,448$548,166
62$772,687$382,302$300,344$549,303
63$812,229$361,762$271,133$550,160
64$854,566$338,978$239,706$550,749
65$899,946$313,802$205,950$551,087
66$948,638$286,076$169,747$551,198
67$1,000,939$255,634$130,973$551,110
68$1,057,174$222,299$89,501$550,859
69$1,117,701$185,887$45,194$550,490
70$1,182,911$146,200$0$550,057
71$1,253,236$103,032$0$550,249
72$1,329,148$56,163$0$564,965
73$1,411,168$5,362$0$580,826
74$1,499,867$0$0$597,983
75$1,595,873$0$0$635,169
76$1,699,878$0$0$677,678
77$1,812,639$0$0$723,822
78$1,934,992$0$0$773,949
79$2,067,855$0$0$828,441
80$2,212,238$0$0$887,722
81$2,369,252$0$0$952,255
82$2,540,120$0$0$1,022,551
83$2,726,187$0$0$1,099,172
84$2,928,931$0$0$1,182,737
85$3,149,983$0$0$1,273,925
86$3,391,135$0$0$1,373,487
87$3,654,360$0$0$1,482,248
88$3,941,829$0$0$1,601,115
89$4,255,934$0$0$1,731,088
90$4,599,307$0$0$1,873,269
91$4,974,846$0$0$2,028,868
92$5,385,742$0$0$2,199,221
93$5,835,508$0$0$2,385,798
94$6,328,014$0$0$2,590,216
95$6,867,520$0$0$2,814,259
96$7,458,718$0$0$3,059,889
97$8,106,775$0$0$3,329,269
98$8,817,383$0$0$3,624,779
99$9,596,811$0$0$3,949,043
100$10,451,961$0$0$4,304,950