Can I retire at age 53 with 466,000?

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 $466,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$38,482$38,139$37,805$37,478$37,159$35,713
2 years$19,050$18,696$18,352$18,018$17,695$16,256
3 years$12,574$12,218$11,875$11,545$11,226$9,839
4 years$9,337$8,981$8,642$8,317$8,007$6,682
5 years$7,395$7,042$6,706$6,388$6,087$4,828
6 years$6,100$5,750$5,420$5,109$4,816$3,624
7 years$5,176$4,829$4,504$4,200$3,917$2,791
8 years$4,484$4,139$3,820$3,524$3,249$2,189
9 years$3,945$3,604$3,290$3,001$2,736$1,739
10 years$3,514$3,177$2,868$2,587$2,332$1,396
11 years$3,162$2,828$2,525$2,252$2,005$1,130
12 years$2,869$2,538$2,241$1,975$1,738$919
13 years$2,621$2,294$2,002$1,744$1,515$752
14 years$2,409$2,085$1,799$1,548$1,328$617
15 years$2,225$1,905$1,624$1,380$1,170$508
16 years$2,065$1,748$1,473$1,236$1,034$420
17 years$1,923$1,609$1,340$1,110$917$347
18 years$1,797$1,487$1,223$1,001$815$288
19 years$1,685$1,378$1,120$904$726$239
20 years$1,584$1,281$1,028$819$649$198
21 years$1,493$1,193$945$743$581$165
22 years$1,410$1,114$871$676$520$137
23 years$1,334$1,042$804$615$467$114
24 years$1,265$976$744$561$420$95
25 years$1,201$916$689$513$378$79
26 years$1,143$861$639$469$340$66
27 years$1,089$810$593$429$307$55
28 years$1,039$763$552$393$277$46
29 years$992$720$513$360$250$38
30 years$949$680$478$331$226$32
31 years$908$643$446$304$204$27
32 years$870$608$416$279$185$22
33 years$835$576$388$257$167$19
34 years$801$546$363$236$151$16
35 years$770$518$339$217$137$13
36 years$740$491$317$200$124$11
37 years$712$467$297$185$113$9
38 years$686$444$278$170$102$8
39 years$661$422$261$157$93$6
40 years$637$401$244$145$84$5
41 years$615$382$229$133$76$4
42 years$593$364$215$123$69$4
43 years$573$347$202$114$63$3
44 years$554$330$189$105$57$3
45 years$535$315$178$97$52$2
46 years$518$301$167$90$47$2
47 years$501$287$157$83$43$2
48 years$485$274$147$76$39$1
49 years$470$262$138$71$35$1
50 years$455$250$130$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $466,000, adding $4,799 every year, while hoping to spend $36,083 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: 45/45/10 Blend
52$466,000$466,000$466,000$466,000
53$518,482$493,784$486,561$540,139
54$532,975$479,588$464,469$541,432
55$547,737$463,486$440,427$538,753
56$562,758$445,348$414,333$535,032
57$578,024$425,034$386,077$530,185
58$593,519$402,398$355,548$524,123
59$609,226$377,284$322,627$516,752
60$625,123$349,527$287,191$507,971
61$641,185$318,953$249,111$497,672
62$657,382$285,378$208,253$485,740
63$673,682$248,608$164,476$472,052
64$690,046$208,438$117,634$456,477
65$706,429$164,650$67,574$438,875
66$722,783$117,016$14,135$419,098
67$739,050$65,293$0$396,985
68$755,166$9,226$0$376,943
69$771,060$0$0$356,120
70$786,649$0$0$358,311
71$801,841$0$0$364,843
72$816,534$0$0$371,097
73$830,613$0$0$377,013
74$843,947$0$0$382,527
75$856,393$0$0$387,565
76$867,789$0$0$392,047
77$877,954$0$0$395,882
78$886,688$0$0$398,969
79$893,768$0$0$401,196
80$898,944$0$0$402,439
81$901,939$0$0$402,559
82$902,445$0$0$401,402
83$900,121$0$0$398,797
84$894,588$0$0$394,554
85$885,423$0$0$388,463
86$872,161$0$0$380,292
87$854,283$0$0$369,782
88$831,217$0$0$356,647
89$802,326$0$0$340,570
90$766,908$0$0$321,201
91$724,183$0$0$298,152
92$673,291$0$0$270,994
93$613,278$0$0$239,252
94$543,089$0$0$202,402
95$461,560$0$0$159,864
96$367,402$0$0$110,997
97$259,191$0$0$55,093
98$135,354$0$0$0
99$0$0$0$0
100$0$0$0$0