Can I retire at age 53 with 468,000?

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 $468,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$38,647$38,303$37,967$37,639$37,319$36,095
2 years$19,132$18,776$18,431$18,096$17,771$16,550
3 years$12,628$12,270$11,926$11,594$11,275$10,094
4 years$9,377$9,020$8,679$8,353$8,041$6,911
5 years$7,426$7,072$6,735$6,416$6,113$5,035
6 years$6,127$5,775$5,443$5,131$4,837$3,813
7 years$5,198$4,849$4,523$4,218$3,934$2,964
8 years$4,503$4,157$3,836$3,539$3,263$2,346
9 years$3,962$3,619$3,304$3,014$2,748$1,883
10 years$3,529$3,190$2,880$2,598$2,342$1,527
11 years$3,176$2,840$2,536$2,261$2,014$1,248
12 years$2,882$2,549$2,251$1,983$1,745$1,027
13 years$2,633$2,304$2,011$1,751$1,522$849
14 years$2,419$2,094$1,807$1,554$1,334$705
15 years$2,235$1,913$1,631$1,386$1,175$587
16 years$2,073$1,755$1,479$1,241$1,038$490
17 years$1,931$1,616$1,346$1,115$920$411
18 years$1,805$1,494$1,228$1,005$818$344
19 years$1,692$1,384$1,125$908$729$289
20 years$1,591$1,286$1,032$822$652$243
21 years$1,499$1,198$949$746$583$205
22 years$1,416$1,118$875$679$523$173
23 years$1,340$1,046$808$618$469$146
24 years$1,270$980$747$564$422$123
25 years$1,207$920$692$515$379$104
26 years$1,148$864$642$471$342$88
27 years$1,093$813$596$431$308$74
28 years$1,043$767$554$395$278$63
29 years$996$723$516$362$251$53
30 years$953$683$480$332$227$45
31 years$912$646$448$305$205$38
32 years$874$611$418$280$186$32
33 years$838$579$390$258$168$27
34 years$805$548$364$237$152$23
35 years$773$520$341$218$138$19
36 years$743$494$319$201$125$16
37 years$715$469$298$185$113$14
38 years$689$446$279$171$103$12
39 years$664$424$262$158$93$10
40 years$640$403$245$145$84$8
41 years$617$384$230$134$76$7
42 years$596$365$216$124$69$6
43 years$575$348$202$114$63$5
44 years$556$332$190$105$57$4
45 years$538$316$178$97$52$4
46 years$520$302$168$90$47$3
47 years$503$288$157$83$43$3
48 years$487$275$148$77$39$2
49 years$472$263$139$71$35$2
50 years$457$251$131$66$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $468,000, adding $3,719 every year, while hoping to spend $36,976 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: 42/39/19 Blend
52$468,000$468,000$468,000$468,000
53$519,572$494,768$487,514$538,362
54$533,226$479,670$464,504$536,936
55$547,034$462,592$439,483$531,512
56$560,972$443,399$412,346$524,869
57$575,012$421,947$382,981$516,915
58$589,125$398,084$351,273$507,551
59$603,275$371,649$317,099$496,671
60$617,420$342,471$280,333$484,160
61$631,515$310,371$240,843$469,899
62$645,509$275,158$198,490$453,758
63$659,341$236,632$153,130$435,600
64$672,947$194,579$104,612$415,278
65$686,250$148,776$52,779$392,634
66$699,166$98,985$0$367,500
67$711,603$44,956$0$340,211
68$723,453$0$0$321,513
69$734,598$0$0$306,350
70$744,908$0$0$310,062
71$754,233$0$0$313,284
72$762,409$0$0$315,941
73$769,254$0$0$317,946
74$774,564$0$0$319,203
75$778,110$0$0$319,607
76$779,641$0$0$319,038
77$778,876$0$0$317,368
78$775,504$0$0$314,448
79$769,180$0$0$310,120
80$759,520$0$0$304,203
81$746,098$0$0$296,500
82$728,445$0$0$286,792
83$706,037$0$0$274,834
84$678,298$0$0$260,359
85$644,587$0$0$243,068
86$604,196$0$0$222,633
87$556,342$0$0$198,688
88$500,158$0$0$170,831
89$434,686$0$0$138,617
90$358,867$0$0$101,554
91$271,529$0$0$59,097
92$171,378$0$0$10,647
93$56,985$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