Can I retire at age 53 with 469,000?

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 $469,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$38,730$38,385$38,048$37,720$37,399$37,210
2 years$19,173$18,816$18,470$18,134$17,809$17,618
3 years$12,655$12,296$11,951$11,619$11,299$11,112
4 years$9,397$9,039$8,697$8,371$8,058$7,877
5 years$7,442$7,087$6,750$6,430$6,126$5,951
6 years$6,140$5,787$5,455$5,142$4,847$4,679
7 years$5,210$4,860$4,533$4,227$3,942$3,780
8 years$4,512$4,166$3,844$3,546$3,270$3,115
9 years$3,970$3,627$3,311$3,021$2,754$2,605
10 years$3,537$3,197$2,887$2,604$2,347$2,204
11 years$3,183$2,846$2,541$2,266$2,018$1,882
12 years$2,888$2,555$2,255$1,988$1,749$1,619
13 years$2,638$2,309$2,015$1,755$1,525$1,401
14 years$2,425$2,098$1,811$1,558$1,337$1,218
15 years$2,240$1,917$1,635$1,389$1,177$1,064
16 years$2,078$1,759$1,482$1,244$1,040$933
17 years$1,935$1,620$1,349$1,118$922$821
18 years$1,809$1,497$1,231$1,007$820$724
19 years$1,696$1,387$1,127$910$731$640
20 years$1,594$1,289$1,034$824$653$566
21 years$1,502$1,201$951$748$584$502
22 years$1,419$1,121$877$680$524$446
23 years$1,343$1,048$810$619$470$397
24 years$1,273$982$749$565$423$354
25 years$1,209$922$693$516$380$315
26 years$1,150$866$643$472$343$282
27 years$1,096$815$597$432$309$251
28 years$1,045$768$555$396$279$225
29 years$998$725$517$363$252$201
30 years$955$684$481$333$227$180
31 years$914$647$449$306$206$161
32 years$876$612$419$281$186$144
33 years$840$580$391$258$168$129
34 years$806$549$365$238$152$116
35 years$775$521$341$219$138$104
36 years$745$495$319$202$125$93
37 years$717$470$299$186$113$84
38 years$690$446$280$171$103$75
39 years$665$425$262$158$93$67
40 years$641$404$246$146$84$61
41 years$619$385$231$134$77$54
42 years$597$366$216$124$70$49
43 years$577$349$203$114$63$44
44 years$557$333$190$106$57$39
45 years$539$317$179$98$52$35
46 years$521$303$168$90$47$32
47 years$504$289$158$83$43$29
48 years$488$276$148$77$39$26
49 years$473$263$139$71$35$23
50 years$458$251$131$66$32$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $469,000, adding $3,880 every year, while hoping to spend $44,074 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: 56/30/14 Blend
52$469,000$469,000$469,000$469,000
53$520,840$495,983$488,714$547,913
54$527,072$473,392$458,191$544,126
55$532,461$448,217$425,169$534,865
56$536,877$420,284$389,517$523,758
57$540,172$389,411$351,099$510,636
58$542,181$355,404$309,772$495,319
59$542,723$318,058$265,389$477,607
60$541,595$277,158$217,794$457,285
61$538,573$232,474$166,826$434,120
62$533,408$183,765$112,315$407,856
63$525,822$130,776$54,084$378,219
64$515,510$73,238$0$344,907
65$502,131$10,867$0$308,798
66$485,311$0$0$277,032
67$464,631$0$0$259,862
68$439,632$0$0$243,588
69$409,802$0$0$224,306
70$374,577$0$0$201,668
71$333,333$0$0$175,287
72$285,380$0$0$144,735
73$229,954$0$0$109,542
74$166,211$0$0$69,186
75$93,220$0$0$23,090
76$9,951$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
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