Can I retire at age 53 with 461,000?

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 $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%13.1%
1 years$38,069$37,730$37,399$37,076$36,761$36,286
2 years$18,846$18,495$18,155$17,825$17,505$17,028
3 years$12,439$12,087$11,747$11,421$11,106$10,641
4 years$9,236$8,885$8,549$8,228$7,921$7,471
5 years$7,315$6,966$6,634$6,320$6,021$5,588
6 years$6,035$5,688$5,362$5,054$4,764$4,349
7 years$5,121$4,777$4,456$4,155$3,875$3,477
8 years$4,435$4,095$3,779$3,486$3,215$2,834
9 years$3,903$3,565$3,255$2,969$2,707$2,344
10 years$3,477$3,143$2,837$2,559$2,307$1,960
11 years$3,128$2,798$2,498$2,227$1,984$1,654
12 years$2,838$2,511$2,217$1,954$1,719$1,406
13 years$2,593$2,269$1,981$1,725$1,499$1,202
14 years$2,383$2,063$1,780$1,531$1,314$1,033
15 years$2,201$1,884$1,607$1,365$1,157$891
16 years$2,042$1,729$1,457$1,223$1,023$771
17 years$1,902$1,592$1,326$1,099$907$669
18 years$1,778$1,471$1,210$990$806$582
19 years$1,667$1,364$1,108$895$719$507
20 years$1,567$1,267$1,017$810$642$443
21 years$1,476$1,180$935$735$574$388
22 years$1,395$1,102$862$669$515$339
23 years$1,320$1,030$796$609$462$298
24 years$1,251$965$736$555$415$261
25 years$1,189$906$682$507$374$230
26 years$1,131$851$632$464$337$202
27 years$1,077$801$587$424$304$178
28 years$1,027$755$546$389$274$156
29 years$981$712$508$357$247$138
30 years$938$673$473$327$223$121
31 years$898$636$441$301$202$107
32 years$861$602$411$276$183$94
33 years$826$570$384$254$165$83
34 years$793$540$359$234$150$73
35 years$761$512$336$215$136$65
36 years$732$486$314$198$123$57
37 years$705$462$294$183$111$51
38 years$678$439$275$168$101$45
39 years$654$417$258$155$92$39
40 years$630$397$242$143$83$35
41 years$608$378$227$132$75$31
42 years$587$360$213$122$68$27
43 years$567$343$199$112$62$24
44 years$548$327$187$104$56$21
45 years$530$312$176$96$51$19
46 years$512$297$165$89$46$17
47 years$496$284$155$82$42$15
48 years$480$271$146$76$38$13
49 years$465$259$137$70$35$11
50 years$450$247$129$65$32$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $461,000, adding $3,490 every year, while hoping to spend $36,689 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: 82/7/11 Blend
52$461,000$461,000$461,000$461,000
53$511,622$487,189$480,043$552,343
54$524,771$472,024$457,088$564,371
55$538,031$454,887$432,134$572,370
56$551,375$435,642$405,076$580,054
57$564,772$414,145$375,803$587,373
58$578,186$390,245$344,199$594,269
59$591,576$363,782$310,145$600,680
60$604,896$334,587$273,514$606,539
61$618,094$302,480$234,175$611,769
62$631,109$267,272$191,990$616,288
63$643,877$228,762$146,816$620,005
64$656,321$186,740$98,503$622,820
65$668,358$140,983$46,895$624,622
66$679,893$91,253$0$625,290
67$690,820$37,303$0$625,652
68$701,022$0$0$630,538
69$710,365$0$0$635,925
70$718,704$0$0$643,272
71$725,874$0$0$649,556
72$731,692$0$0$654,612
73$735,954$0$0$658,257
74$738,435$0$0$660,285
75$738,881$0$0$660,468
76$737,015$0$0$658,554
77$732,526$0$0$654,263
78$725,069$0$0$647,283
79$714,264$0$0$637,269
80$699,686$0$0$623,839
81$680,867$0$0$606,568
82$657,287$0$0$584,987
83$628,372$0$0$558,576
84$593,485$0$0$526,759
85$551,922$0$0$488,901
86$502,903$0$0$444,296
87$445,567$0$0$392,165
88$378,961$0$0$331,647
89$302,031$0$0$261,790
90$213,613$0$0$181,541
91$112,421$0$0$89,738
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0