Can I retire at age 53 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$39,225$38,876$38,535$38,202$37,877$36,842
2 years$19,418$19,057$18,706$18,366$18,037$17,001
3 years$12,817$12,454$12,104$11,768$11,443$10,440
4 years$9,517$9,155$8,809$8,478$8,161$7,198
5 years$7,537$7,178$6,836$6,512$6,204$5,284
6 years$6,218$5,861$5,524$5,208$4,909$4,032
7 years$5,276$4,922$4,591$4,281$3,992$3,159
8 years$4,570$4,219$3,893$3,592$3,312$2,521
9 years$4,021$3,673$3,353$3,059$2,789$2,041
10 years$3,582$3,238$2,924$2,637$2,377$1,670
11 years$3,223$2,883$2,574$2,295$2,044$1,377
12 years$2,925$2,587$2,284$2,013$1,771$1,144
13 years$2,672$2,338$2,041$1,777$1,545$954
14 years$2,456$2,125$1,834$1,578$1,354$800
15 years$2,268$1,941$1,656$1,407$1,192$673
16 years$2,104$1,781$1,501$1,260$1,054$568
17 years$1,960$1,640$1,366$1,132$934$480
18 years$1,832$1,516$1,247$1,020$831$407
19 years$1,717$1,405$1,141$922$740$345
20 years$1,614$1,306$1,048$835$661$294
21 years$1,521$1,216$964$758$592$250
22 years$1,437$1,135$888$689$530$213
23 years$1,360$1,062$820$627$476$182
24 years$1,289$995$758$572$428$155
25 years$1,225$933$702$523$385$132
26 years$1,165$877$651$478$347$113
27 years$1,110$826$605$437$313$97
28 years$1,059$778$562$401$282$83
29 years$1,011$734$523$367$255$71
30 years$967$693$487$337$230$60
31 years$926$655$454$310$208$52
32 years$887$620$424$285$188$44
33 years$851$587$396$262$170$38
34 years$817$556$370$241$154$32
35 years$785$528$346$222$140$28
36 years$754$501$323$204$127$24
37 years$726$476$303$188$115$20
38 years$699$452$284$173$104$17
39 years$674$430$266$160$94$15
40 years$649$409$249$147$86$13
41 years$626$389$233$136$78$11
42 years$605$371$219$126$70$9
43 years$584$353$206$116$64$8
44 years$564$337$193$107$58$7
45 years$546$321$181$99$53$6
46 years$528$306$170$91$48$5
47 years$511$292$160$84$43$4
48 years$494$279$150$78$39$4
49 years$479$267$141$72$36$3
50 years$464$255$133$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $475,000, adding $3,618 every year, while hoping to spend $37,247 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: 44/36/20 Blend
52$475,000$475,000$475,000$475,000
53$527,182$502,007$494,644$547,183
54$541,324$486,975$471,585$546,598
55$555,660$469,958$446,504$542,025
56$570,171$450,819$419,295$536,299
57$584,834$429,414$389,847$529,330
58$599,622$405,591$358,042$521,025
59$614,505$379,187$323,758$511,281
60$629,449$350,031$286,868$499,993
61$644,413$317,943$247,238$487,043
62$659,352$282,731$204,730$472,311
63$674,216$244,195$159,198$455,664
64$688,945$202,119$110,490$436,963
65$703,474$156,280$58,449$416,058
66$717,729$106,439$2,908$392,789
67$731,627$52,344$0$366,986
68$745,075$0$0$350,493
69$757,967$0$0$335,016
70$770,186$0$0$339,917
71$781,601$0$0$344,396
72$792,065$0$0$348,380
73$801,416$0$0$351,790
74$809,469$0$0$354,536
75$816,022$0$0$356,518
76$820,850$0$0$357,625
77$823,700$0$0$357,735
78$824,294$0$0$356,710
79$822,320$0$0$354,399
80$817,434$0$0$350,634
81$809,254$0$0$345,227
82$797,355$0$0$337,972
83$781,267$0$0$328,639
84$760,470$0$0$316,974
85$734,387$0$0$302,696
86$702,377$0$0$285,494
87$663,735$0$0$265,022
88$617,678$0$0$240,900
89$563,339$0$0$212,707
90$499,762$0$0$179,975
91$425,887$0$0$142,191
92$340,544$0$0$98,784
93$242,439$0$0$49,125
94$130,143$0$0$0
95$2,076$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