Can I retire at age 53 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$37,986$37,648$37,318$36,996$36,681$36,268
2 years$18,805$18,455$18,115$17,786$17,467$17,051
3 years$12,412$12,060$11,722$11,396$11,082$10,676
4 years$9,216$8,866$8,531$8,210$7,904$7,511
5 years$7,299$6,951$6,620$6,306$6,008$5,630
6 years$6,022$5,676$5,350$5,043$4,754$4,391
7 years$5,110$4,767$4,446$4,146$3,866$3,518
8 years$4,426$4,086$3,770$3,478$3,208$2,874
9 years$3,894$3,557$3,247$2,963$2,701$2,383
10 years$3,469$3,136$2,831$2,554$2,302$1,998
11 years$3,122$2,792$2,493$2,223$1,979$1,690
12 years$2,832$2,506$2,212$1,949$1,715$1,440
13 years$2,588$2,264$1,976$1,721$1,496$1,234
14 years$2,378$2,058$1,776$1,528$1,311$1,063
15 years$2,197$1,880$1,603$1,363$1,154$919
16 years$2,038$1,725$1,454$1,220$1,020$798
17 years$1,898$1,589$1,323$1,096$905$694
18 years$1,774$1,468$1,207$988$804$606
19 years$1,663$1,361$1,105$893$717$530
20 years$1,563$1,264$1,014$808$640$464
21 years$1,473$1,178$933$734$573$407
22 years$1,391$1,099$860$667$514$358
23 years$1,317$1,028$794$608$461$315
24 years$1,249$963$734$554$414$277
25 years$1,186$904$680$506$373$244
26 years$1,128$850$631$463$336$215
27 years$1,075$800$586$424$303$190
28 years$1,025$753$545$388$273$168
29 years$979$711$507$356$247$148
30 years$936$671$472$327$223$131
31 years$896$635$440$300$202$116
32 years$859$600$411$276$182$103
33 years$824$569$383$253$165$91
34 years$791$539$358$233$149$80
35 years$760$511$335$215$135$71
36 years$731$485$313$198$123$63
37 years$703$461$293$182$111$56
38 years$677$438$275$168$101$50
39 years$652$416$257$155$91$44
40 years$629$396$241$143$83$39
41 years$607$377$226$132$75$34
42 years$586$359$212$122$68$31
43 years$566$342$199$112$62$27
44 years$547$326$187$104$56$24
45 years$528$311$175$96$51$21
46 years$511$297$165$88$46$19
47 years$495$283$155$82$42$17
48 years$479$270$145$75$38$15
49 years$464$258$137$70$35$13
50 years$449$247$129$64$32$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $460,000, adding $6,226 every year, while hoping to spend $33,206 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: 51/38/11 Blend
52$460,000$460,000$460,000$460,000
53$513,342$488,962$481,832$537,718
54$530,372$477,590$462,643$543,678
55$548,026$464,548$441,697$546,103
56$566,333$449,719$418,902$547,975
57$585,323$432,980$394,160$549,250
58$605,029$414,198$367,366$549,883
59$625,484$393,237$338,416$549,826
60$646,727$369,948$307,196$549,029
61$668,795$344,178$273,589$547,438
62$691,732$315,763$237,474$544,999
63$715,582$284,529$198,723$541,654
64$740,394$250,293$157,203$537,340
65$766,218$212,862$112,773$531,995
66$793,112$172,031$65,291$525,552
67$821,134$127,585$14,602$517,941
68$850,348$79,295$0$509,090
69$880,824$26,922$0$503,558
70$912,637$0$0$498,761
71$945,867$0$0$505,379
72$980,600$0$0$524,074
73$1,016,932$0$0$543,641
74$1,054,963$0$0$564,136
75$1,094,803$0$0$585,621
76$1,136,573$0$0$608,162
77$1,180,401$0$0$631,830
78$1,226,429$0$0$656,704
79$1,274,809$0$0$682,868
80$1,325,707$0$0$710,415
81$1,379,304$0$0$739,446
82$1,435,796$0$0$770,070
83$1,495,399$0$0$802,406
84$1,558,345$0$0$836,585
85$1,624,890$0$0$872,749
86$1,695,312$0$0$911,052
87$1,769,915$0$0$951,665
88$1,849,029$0$0$994,773
89$1,933,019$0$0$1,040,578
90$2,022,280$0$0$1,089,301
91$2,117,248$0$0$1,141,186
92$2,218,395$0$0$1,196,497
93$2,326,243$0$0$1,255,526
94$2,441,362$0$0$1,318,591
95$2,564,374$0$0$1,386,041
96$2,695,964$0$0$1,458,259
97$2,836,882$0$0$1,535,664
98$2,987,951$0$0$1,618,718
99$3,150,072$0$0$1,707,926
100$3,324,237$0$0$1,803,842