Can I retire at age 53 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$38,152$37,812$37,480$37,157$36,841$35,533
2 years$18,887$18,535$18,194$17,864$17,543$16,240
3 years$12,466$12,113$11,773$11,445$11,130$9,872
4 years$9,256$8,904$8,568$8,246$7,938$6,735
5 years$7,331$6,981$6,649$6,334$6,034$4,889
6 years$6,048$5,701$5,373$5,065$4,775$3,688
7 years$5,132$4,787$4,465$4,164$3,883$2,855
8 years$4,445$4,104$3,787$3,493$3,221$2,251
9 years$3,911$3,573$3,262$2,975$2,713$1,799
10 years$3,484$3,149$2,844$2,565$2,312$1,452
11 years$3,135$2,804$2,503$2,232$1,988$1,182
12 years$2,845$2,516$2,222$1,958$1,723$968
13 years$2,599$2,274$1,985$1,729$1,502$796
14 years$2,388$2,067$1,783$1,534$1,317$658
15 years$2,206$1,888$1,610$1,368$1,160$545
16 years$2,047$1,733$1,460$1,225$1,025$453
17 years$1,906$1,596$1,328$1,101$909$377
18 years$1,782$1,474$1,213$992$808$315
19 years$1,670$1,366$1,110$896$720$263
20 years$1,570$1,270$1,019$812$643$220
21 years$1,480$1,183$937$737$576$184
22 years$1,398$1,104$864$670$516$154
23 years$1,323$1,033$798$610$463$130
24 years$1,254$967$738$557$416$109
25 years$1,191$908$683$508$375$91
26 years$1,133$853$634$465$337$77
27 years$1,079$803$588$425$304$64
28 years$1,030$757$547$390$274$54
29 years$983$714$509$357$248$46
30 years$940$674$474$328$224$38
31 years$900$637$442$301$202$32
32 years$863$603$412$277$183$27
33 years$827$571$385$255$166$23
34 years$794$541$360$234$150$19
35 years$763$513$336$216$136$16
36 years$734$487$315$199$123$14
37 years$706$463$294$183$112$11
38 years$680$440$276$169$101$10
39 years$655$418$258$156$92$8
40 years$632$398$242$143$83$7
41 years$609$379$227$132$76$6
42 years$588$361$213$122$69$5
43 years$568$344$200$113$62$4
44 years$549$328$188$104$56$3
45 years$531$312$176$96$51$3
46 years$513$298$165$89$47$2
47 years$497$284$155$82$42$2
48 years$481$272$146$76$38$2
49 years$466$259$137$70$35$1
50 years$451$248$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $462,000, adding $5,277 every year, while hoping to spend $29,937 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: 42/45/13 Blend
52$462,000$462,000$462,000$462,000
53$514,567$490,081$482,920$534,011
54$535,200$482,242$467,245$540,337
55$556,935$473,016$450,042$543,799
56$579,851$462,303$431,227$546,893
57$604,037$449,997$410,715$549,596
58$629,589$435,987$388,414$551,889
59$656,611$420,155$364,230$553,752
60$685,218$402,375$338,064$555,165
61$715,535$382,516$309,814$556,110
62$747,697$360,436$279,370$556,569
63$781,853$335,989$246,620$556,527
64$818,167$309,018$211,447$555,969
65$856,817$279,356$173,727$554,883
66$897,998$246,830$133,333$553,260
67$941,924$211,255$90,129$551,093
68$988,828$172,435$43,977$548,380
69$1,038,968$130,163$0$545,124
70$1,092,625$84,223$0$542,061
71$1,150,106$34,383$0$545,032
72$1,211,750$0$0$547,971
73$1,277,929$0$0$560,633
74$1,349,049$0$0$592,579
75$1,425,558$0$0$626,988
76$1,507,946$0$0$664,087
77$1,596,753$0$0$704,123
78$1,692,570$0$0$747,372
79$1,796,048$0$0$794,131
80$1,907,903$0$0$844,732
81$2,028,920$0$0$899,536
82$2,159,962$0$0$958,942
83$2,301,979$0$0$1,023,389
84$2,456,016$0$0$1,093,359
85$2,623,220$0$0$1,169,381
86$2,804,856$0$0$1,252,039
87$3,002,310$0$0$1,341,975
88$3,217,114$0$0$1,439,895
89$3,450,947$0$0$1,546,575
90$3,705,660$0$0$1,662,871
91$3,983,289$0$0$1,789,723
92$4,286,076$0$0$1,928,166
93$4,616,486$0$0$2,079,342
94$4,977,235$0$0$2,244,505
95$5,371,311$0$0$2,425,035
96$5,802,004$0$0$2,622,455
97$6,272,937$0$0$2,838,439
98$6,788,098$0$0$3,074,831
99$7,351,878$0$0$3,333,661
100$7,969,112$0$0$3,617,166