Can I retire at age 53 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$39,060$38,712$38,373$38,041$37,718$37,123
2 years$19,337$18,976$18,627$18,289$17,961$17,364
3 years$12,763$12,401$12,053$11,718$11,395$10,814
4 years$9,477$9,116$8,772$8,442$8,127$7,566
5 years$7,506$7,147$6,807$6,484$6,178$5,638
6 years$6,192$5,836$5,501$5,186$4,888$4,371
7 years$5,254$4,901$4,572$4,263$3,976$3,481
8 years$4,551$4,201$3,877$3,576$3,298$2,826
9 years$4,004$3,658$3,339$3,046$2,778$2,328
10 years$3,567$3,224$2,911$2,626$2,367$1,939
11 years$3,210$2,870$2,563$2,285$2,035$1,629
12 years$2,912$2,576$2,275$2,005$1,764$1,378
13 years$2,661$2,328$2,032$1,770$1,538$1,173
14 years$2,445$2,116$1,826$1,571$1,348$1,003
15 years$2,259$1,933$1,649$1,401$1,187$861
16 years$2,096$1,774$1,495$1,254$1,049$741
17 years$1,952$1,634$1,360$1,127$930$640
18 years$1,824$1,510$1,242$1,016$827$554
19 years$1,710$1,399$1,137$918$737$481
20 years$1,608$1,300$1,043$831$659$418
21 years$1,515$1,211$959$754$589$363
22 years$1,431$1,130$884$686$528$317
23 years$1,354$1,057$817$625$474$276
24 years$1,284$991$755$570$426$241
25 years$1,219$930$699$520$384$211
26 years$1,160$874$649$476$345$184
27 years$1,105$822$602$435$311$161
28 years$1,054$775$560$399$281$141
29 years$1,007$731$521$366$254$124
30 years$963$690$485$336$229$108
31 years$922$653$452$308$207$95
32 years$883$617$422$283$188$83
33 years$847$585$394$261$170$73
34 years$813$554$368$240$154$64
35 years$781$526$344$221$139$56
36 years$751$499$322$203$126$49
37 years$723$474$302$187$114$43
38 years$696$450$282$173$104$38
39 years$671$428$265$159$94$33
40 years$647$407$248$147$85$29
41 years$624$388$232$135$77$26
42 years$602$369$218$125$70$23
43 years$582$352$205$115$64$20
44 years$562$335$192$107$58$17
45 years$543$320$180$98$52$15
46 years$525$305$169$91$48$13
47 years$508$291$159$84$43$12
48 years$492$278$150$78$39$10
49 years$477$265$141$72$36$9
50 years$462$254$132$66$32$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $473,000, adding $6,628 every year, while hoping to spend $20,004 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: 54/36/10 Blend
52$473,000$473,000$473,000$473,000
53$528,083$503,014$495,682$554,918
54$560,663$506,377$491,004$577,232
55$595,896$509,235$485,498$598,760
56$634,032$511,542$479,116$621,717
57$675,343$513,248$471,807$646,244
58$720,133$514,302$463,517$672,495
59$768,732$514,648$454,190$700,640
60$821,506$514,229$443,768$730,869
61$878,855$512,981$432,190$763,389
62$941,220$510,839$419,391$798,434
63$1,009,087$507,733$405,303$836,257
64$1,082,991$503,589$389,857$877,141
65$1,163,518$498,327$372,980$921,400
66$1,251,317$491,865$354,594$969,378
67$1,347,097$484,113$334,620$1,021,457
68$1,451,645$474,978$312,973$1,078,060
69$1,565,821$464,360$289,566$1,139,654
70$1,690,575$452,154$264,307$1,206,754
71$1,826,953$438,249$237,100$1,279,931
72$1,976,106$422,527$207,847$1,359,815
73$2,139,301$404,862$176,442$1,447,101
74$2,317,933$385,124$142,776$1,542,560
75$2,513,538$363,172$106,735$1,647,041
76$2,727,810$338,858$68,202$1,761,483
77$2,962,611$312,026$27,050$1,886,924
78$3,219,993$282,511$0$2,024,508
79$3,502,217$250,139$0$2,177,301
80$3,811,772$214,725$0$2,348,097
81$4,151,400$176,073$0$2,535,566
82$4,524,121$133,979$0$2,741,426
83$4,933,262$88,225$0$2,967,575
84$5,382,487$38,580$0$3,216,108
85$5,875,833$0$0$3,489,333
86$6,417,747$0$0$3,795,822
87$7,013,128$0$0$4,149,389
88$7,667,371$0$0$4,537,960
89$8,386,423$0$0$4,965,075
90$9,176,833$0$0$5,434,628
91$10,045,817$0$0$5,950,914
92$11,001,326$0$0$6,518,663
93$12,052,117$0$0$7,143,085
94$13,207,842$0$0$7,829,924
95$14,479,133$0$0$8,585,505
96$15,877,704$0$0$9,416,799
97$17,416,463$0$0$10,331,485
98$19,109,632$0$0$11,338,026
99$20,972,879$0$0$12,445,744
100$23,023,471$0$0$13,664,914