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%13.3%
1 years$37,986$37,648$37,318$36,996$36,681$36,178
2 years$18,805$18,455$18,115$17,786$17,467$16,961
3 years$12,412$12,060$11,722$11,396$11,082$10,589
4 years$9,216$8,866$8,531$8,210$7,904$7,427
5 years$7,299$6,951$6,620$6,306$6,008$5,550
6 years$6,022$5,676$5,350$5,043$4,754$4,314
7 years$5,110$4,767$4,446$4,146$3,866$3,445
8 years$4,426$4,086$3,770$3,478$3,208$2,805
9 years$3,894$3,557$3,247$2,963$2,701$2,317
10 years$3,469$3,136$2,831$2,554$2,302$1,936
11 years$3,122$2,792$2,493$2,223$1,979$1,631
12 years$2,832$2,506$2,212$1,949$1,715$1,385
13 years$2,588$2,264$1,976$1,721$1,496$1,182
14 years$2,378$2,058$1,776$1,528$1,311$1,014
15 years$2,197$1,880$1,603$1,363$1,154$874
16 years$2,038$1,725$1,454$1,220$1,020$755
17 years$1,898$1,589$1,323$1,096$905$654
18 years$1,774$1,468$1,207$988$804$568
19 years$1,663$1,361$1,105$893$717$495
20 years$1,563$1,264$1,014$808$640$432
21 years$1,473$1,178$933$734$573$377
22 years$1,391$1,099$860$667$514$330
23 years$1,317$1,028$794$608$461$289
24 years$1,249$963$734$554$414$253
25 years$1,186$904$680$506$373$222
26 years$1,128$850$631$463$336$195
27 years$1,075$800$586$424$303$171
28 years$1,025$753$545$388$273$150
29 years$979$711$507$356$247$132
30 years$936$671$472$327$223$116
31 years$896$635$440$300$202$102
32 years$859$600$411$276$182$90
33 years$824$569$383$253$165$79
34 years$791$539$358$233$149$70
35 years$760$511$335$215$135$62
36 years$731$485$313$198$123$54
37 years$703$461$293$182$111$48
38 years$677$438$275$168$101$42
39 years$652$416$257$155$91$37
40 years$629$396$241$143$83$33
41 years$607$377$226$132$75$29
42 years$586$359$212$122$68$26
43 years$566$342$199$112$62$23
44 years$547$326$187$104$56$20
45 years$528$311$175$96$51$18
46 years$511$297$165$88$46$15
47 years$495$283$155$82$42$14
48 years$479$270$145$75$38$12
49 years$464$258$137$70$35$11
50 years$449$247$129$64$32$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $460,000, adding $5,417 every year, while hoping to spend $26,887 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: 24/46/30 Blend
52$460,000$460,000$460,000$460,000
53$512,508$488,128$480,998$519,904
54$536,176$483,438$468,503$521,978
55$561,357$477,618$454,690$521,598
56$588,177$470,583$439,484$520,635
57$616,774$462,245$422,809$519,060
58$647,299$452,509$404,587$516,842
59$679,918$441,275$384,735$513,951
60$714,811$428,439$363,165$510,358
61$752,178$413,889$339,787$506,033
62$792,236$397,506$314,506$500,948
63$835,226$379,165$287,224$495,075
64$881,409$358,735$257,836$488,387
65$931,074$336,074$226,235$480,860
66$984,538$311,036$192,308$472,471
67$1,042,147$283,463$155,937$463,201
68$1,104,284$253,191$116,998$453,031
69$1,171,367$220,044$75,365$441,950
70$1,243,859$183,838$30,901$429,947
71$1,322,264$144,377$0$417,021
72$1,407,140$101,457$0$408,470
73$1,499,098$54,858$0$409,907
74$1,598,812$4,352$0$411,497
75$1,707,021$0$0$413,318
76$1,824,539$0$0$440,925
77$1,952,260$0$0$473,393
78$2,091,171$0$0$508,780
79$2,242,353$0$0$547,369
80$2,406,999$0$0$589,476
81$2,586,421$0$0$635,444
82$2,782,062$0$0$685,656
83$2,995,510$0$0$740,530
84$3,228,516$0$0$800,526
85$3,483,003$0$0$866,152
86$3,761,091$0$0$937,967
87$4,065,112$0$0$1,016,586
88$4,397,636$0$0$1,102,688
89$4,761,491$0$0$1,197,018
90$5,159,791$0$0$1,300,398
91$5,595,966$0$0$1,413,733
92$6,073,791$0$0$1,538,020
93$6,597,426$0$0$1,674,357
94$7,171,451$0$0$1,823,953
95$7,800,911$0$0$1,988,141
96$8,491,362$0$0$2,168,388
97$9,248,924$0$0$2,366,310
98$10,080,338$0$0$2,583,687
99$10,993,028$0$0$2,822,481
100$11,995,175$0$0$3,084,852