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%13.9%
1 years$39,060$38,712$38,373$38,041$37,718$37,108
2 years$19,337$18,976$18,627$18,289$17,961$17,348
3 years$12,763$12,401$12,053$11,718$11,395$10,799
4 years$9,477$9,116$8,772$8,442$8,127$7,552
5 years$7,506$7,147$6,807$6,484$6,178$5,625
6 years$6,192$5,836$5,501$5,186$4,888$4,358
7 years$5,254$4,901$4,572$4,263$3,976$3,469
8 years$4,551$4,201$3,877$3,576$3,298$2,815
9 years$4,004$3,658$3,339$3,046$2,778$2,317
10 years$3,567$3,224$2,911$2,626$2,367$1,928
11 years$3,210$2,870$2,563$2,285$2,035$1,619
12 years$2,912$2,576$2,275$2,005$1,764$1,369
13 years$2,661$2,328$2,032$1,770$1,538$1,164
14 years$2,445$2,116$1,826$1,571$1,348$995
15 years$2,259$1,933$1,649$1,401$1,187$853
16 years$2,096$1,774$1,495$1,254$1,049$734
17 years$1,952$1,634$1,360$1,127$930$634
18 years$1,824$1,510$1,242$1,016$827$548
19 years$1,710$1,399$1,137$918$737$475
20 years$1,608$1,300$1,043$831$659$412
21 years$1,515$1,211$959$754$589$359
22 years$1,431$1,130$884$686$528$312
23 years$1,354$1,057$817$625$474$272
24 years$1,284$991$755$570$426$237
25 years$1,219$930$699$520$384$207
26 years$1,160$874$649$476$345$181
27 years$1,105$822$602$435$311$158
28 years$1,054$775$560$399$281$138
29 years$1,007$731$521$366$254$121
30 years$963$690$485$336$229$106
31 years$922$653$452$308$207$93
32 years$883$617$422$283$188$81
33 years$847$585$394$261$170$71
34 years$813$554$368$240$154$63
35 years$781$526$344$221$139$55
36 years$751$499$322$203$126$48
37 years$723$474$302$187$114$42
38 years$696$450$282$173$104$37
39 years$671$428$265$159$94$32
40 years$647$407$248$147$85$28
41 years$624$388$232$135$77$25
42 years$602$369$218$125$70$22
43 years$582$352$205$115$64$19
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$11
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 $6,998 every year, while hoping to spend $32,341 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: 51/43/6 Blend
52$473,000$473,000$473,000$473,000
53$528,464$503,395$496,064$554,293
54$547,957$493,651$478,272$562,876
55$568,354$482,346$458,799$568,114
56$589,714$469,368$437,556$573,031
57$612,099$454,601$414,449$577,605
58$635,577$437,921$389,377$581,811
59$660,224$419,197$362,239$585,626
60$686,118$398,289$332,925$589,026
61$713,348$375,051$301,324$591,986
62$742,009$349,328$267,318$594,484
63$772,204$320,955$230,783$596,494
64$804,046$289,759$191,592$597,996
65$837,658$255,556$149,609$598,966
66$873,173$218,153$104,695$599,385
67$910,739$177,344$56,704$599,232
68$950,514$132,914$5,484$598,491
69$992,673$84,633$0$597,146
70$1,037,406$32,260$0$598,334
71$1,084,921$0$0$599,478
72$1,135,446$0$0$611,805
73$1,189,231$0$0$641,203
74$1,246,548$0$0$672,561
75$1,307,696$0$0$706,044
76$1,373,001$0$0$741,837
77$1,442,824$0$0$780,139
78$1,517,556$0$0$821,171
79$1,597,629$0$0$865,175
80$1,683,516$0$0$912,414
81$1,775,736$0$0$963,180
82$1,874,858$0$0$1,017,792
83$1,981,507$0$0$1,076,599
84$2,096,370$0$0$1,139,988
85$2,220,201$0$0$1,208,379
86$2,353,827$0$0$1,282,238
87$2,498,159$0$0$1,362,075
88$2,654,196$0$0$1,448,450
89$2,823,038$0$0$1,541,980
90$3,005,893$0$0$1,643,342
91$3,204,088$0$0$1,753,282
92$3,419,084$0$0$1,872,618
93$3,652,487$0$0$2,002,253
94$3,906,064$0$0$2,143,177
95$4,181,759$0$0$2,296,481
96$4,481,708$0$0$2,463,366
97$4,808,265$0$0$2,645,150
98$5,164,017$0$0$2,843,289
99$5,551,813$0$0$3,059,380
100$5,974,788$0$0$3,295,183