Can I retire at age 53 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$38,069$37,730$37,399$37,076$36,761$35,756
2 years$18,846$18,495$18,155$17,825$17,505$16,500
3 years$12,439$12,087$11,747$11,421$11,106$10,132
4 years$9,236$8,885$8,549$8,228$7,921$6,986
5 years$7,315$6,966$6,634$6,320$6,021$5,128
6 years$6,035$5,688$5,362$5,054$4,764$3,913
7 years$5,121$4,777$4,456$4,155$3,875$3,066
8 years$4,435$4,095$3,779$3,486$3,215$2,447
9 years$3,903$3,565$3,255$2,969$2,707$1,981
10 years$3,477$3,143$2,837$2,559$2,307$1,620
11 years$3,128$2,798$2,498$2,227$1,984$1,337
12 years$2,838$2,511$2,217$1,954$1,719$1,110
13 years$2,593$2,269$1,981$1,725$1,499$926
14 years$2,383$2,063$1,780$1,531$1,314$777
15 years$2,201$1,884$1,607$1,365$1,157$653
16 years$2,042$1,729$1,457$1,223$1,023$551
17 years$1,902$1,592$1,326$1,099$907$466
18 years$1,778$1,471$1,210$990$806$395
19 years$1,667$1,364$1,108$895$719$335
20 years$1,567$1,267$1,017$810$642$285
21 years$1,476$1,180$935$735$574$243
22 years$1,395$1,102$862$669$515$207
23 years$1,320$1,030$796$609$462$176
24 years$1,251$965$736$555$415$150
25 years$1,189$906$682$507$374$128
26 years$1,131$851$632$464$337$110
27 years$1,077$801$587$424$304$94
28 years$1,027$755$546$389$274$80
29 years$981$712$508$357$247$69
30 years$938$673$473$327$223$59
31 years$898$636$441$301$202$50
32 years$861$602$411$276$183$43
33 years$826$570$384$254$165$37
34 years$793$540$359$234$150$31
35 years$761$512$336$215$136$27
36 years$732$486$314$198$123$23
37 years$705$462$294$183$111$20
38 years$678$439$275$168$101$17
39 years$654$417$258$155$92$14
40 years$630$397$242$143$83$12
41 years$608$378$227$132$75$11
42 years$587$360$213$122$68$9
43 years$567$343$199$112$62$8
44 years$548$327$187$104$56$7
45 years$530$312$176$96$51$6
46 years$512$297$165$89$46$5
47 years$496$284$155$82$42$4
48 years$480$271$146$76$38$4
49 years$465$259$137$70$35$3
50 years$450$247$129$65$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $461,000, adding $3,865 every year, while hoping to spend $20,360 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: 53/21/26 Blend
52$461,000$461,000$461,000$461,000
53$512,009$487,576$480,430$535,257
54$542,571$489,804$474,862$553,976
55$575,568$491,459$468,424$571,932
56$611,226$492,492$461,067$591,061
57$649,796$492,848$452,738$611,482
58$691,552$492,474$443,381$633,327
59$736,793$491,309$432,937$656,745
60$785,853$489,289$421,347$681,897
61$839,094$486,349$408,547$708,966
62$896,919$482,417$394,470$738,152
63$959,766$477,417$379,047$769,677
64$1,028,123$471,271$362,205$803,788
65$1,102,521$463,893$343,869$840,756
66$1,183,548$455,194$323,958$880,885
67$1,271,849$445,078$302,390$924,507
68$1,368,137$433,445$279,079$971,992
69$1,473,192$420,189$253,933$1,023,750
70$1,587,876$405,197$226,859$1,080,234
71$1,713,137$388,349$197,756$1,141,945
72$1,850,018$369,520$166,523$1,209,435
73$1,999,669$348,575$133,050$1,283,319
74$2,163,354$325,375$97,226$1,364,274
75$2,342,467$299,768$58,933$1,453,049
76$2,538,540$271,598$18,049$1,550,471
77$2,753,262$240,697$0$1,657,456
78$2,988,493$206,890$0$1,782,113
79$3,246,282$169,990$0$1,924,267
80$3,528,883$129,800$0$2,080,180
81$3,838,781$86,112$0$2,251,256
82$4,178,712$38,708$0$2,439,045
83$4,551,691$0$0$2,645,256
84$4,961,035$0$0$2,874,695
85$5,410,403$0$0$3,136,433
86$5,903,821$0$0$3,423,877
87$6,445,727$0$0$3,739,617
88$7,041,008$0$0$4,086,507
89$7,695,049$0$0$4,467,691
90$8,413,782$0$0$4,886,634
91$9,203,742$0$0$5,347,151
92$10,072,128$0$0$5,853,446
93$11,026,871$0$0$6,410,152
94$12,076,712$0$0$7,022,370
95$13,231,276$0$0$7,695,724
96$14,501,173$0$0$8,436,407
97$15,898,088$0$0$9,251,245
98$17,434,900$0$0$10,147,759
99$19,125,795$0$0$11,134,232
100$20,986,407$0$0$12,219,795