Can I retire at age 53 with 476,000?

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 $476,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$39,308$38,958$38,616$38,282$37,957$37,236
2 years$19,459$19,097$18,746$18,405$18,075$17,351
3 years$12,844$12,480$12,130$11,792$11,467$10,764
4 years$9,537$9,174$8,827$8,496$8,179$7,501
5 years$7,553$7,193$6,850$6,525$6,217$5,567
6 years$6,231$5,873$5,536$5,218$4,919$4,297
7 years$5,287$4,932$4,601$4,290$4,001$3,406
8 years$4,580$4,228$3,902$3,599$3,319$2,753
9 years$4,030$3,681$3,360$3,066$2,795$2,256
10 years$3,590$3,245$2,930$2,643$2,382$1,870
11 years$3,230$2,889$2,579$2,300$2,048$1,563
12 years$2,931$2,593$2,289$2,017$1,775$1,316
13 years$2,678$2,343$2,045$1,781$1,548$1,114
14 years$2,461$2,130$1,838$1,581$1,357$947
15 years$2,273$1,946$1,659$1,410$1,195$809
16 years$2,109$1,785$1,504$1,262$1,056$693
17 years$1,964$1,644$1,369$1,134$936$595
18 years$1,836$1,519$1,249$1,022$832$512
19 years$1,721$1,408$1,144$924$742$441
20 years$1,618$1,308$1,050$837$663$381
21 years$1,525$1,219$966$759$593$330
22 years$1,440$1,138$890$690$532$285
23 years$1,363$1,064$822$629$477$247
24 years$1,292$997$760$573$429$215
25 years$1,227$935$704$524$386$186
26 years$1,167$879$653$479$348$162
27 years$1,112$827$606$438$313$141
28 years$1,061$780$564$402$283$122
29 years$1,013$736$524$368$255$107
30 years$969$695$488$338$231$93
31 years$928$657$455$310$209$81
32 years$889$621$425$285$189$70
33 years$852$588$397$262$171$61
34 years$818$558$371$241$155$53
35 years$786$529$347$222$140$47
36 years$756$502$324$205$127$41
37 years$727$477$303$189$115$35
38 years$700$453$284$174$104$31
39 years$675$431$266$160$95$27
40 years$651$410$250$148$86$23
41 years$628$390$234$136$78$20
42 years$606$372$219$126$71$18
43 years$585$354$206$116$64$16
44 years$566$338$193$107$58$14
45 years$547$322$182$99$53$12
46 years$529$307$170$91$48$10
47 years$512$293$160$85$44$9
48 years$495$280$151$78$40$8
49 years$480$267$141$72$36$7
50 years$465$255$133$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $476,000, adding $3,321 every year, while hoping to spend $27,389 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: 87/8/5 Blend
52$476,000$476,000$476,000$476,000
53$527,978$502,750$495,372$573,659
54$552,690$498,243$482,825$599,397
55$579,004$492,597$468,940$623,521
56$607,056$485,728$453,643$649,138
57$636,993$477,545$436,857$676,378
58$668,975$467,954$418,501$705,382
59$703,181$456,854$398,490$736,309
60$739,803$444,138$376,738$769,331
61$779,056$429,693$353,151$804,637
62$821,171$413,400$327,634$842,436
63$866,406$395,132$300,085$882,959
64$915,042$374,755$270,400$926,458
65$967,386$352,129$238,468$973,212
66$1,023,779$327,102$204,176$1,023,527
67$1,084,591$299,517$167,403$1,077,741
68$1,150,233$269,207$128,024$1,136,225
69$1,221,153$235,994$85,909$1,199,389
70$1,297,845$199,692$40,922$1,267,684
71$1,380,852$160,104$0$1,341,605
72$1,470,770$117,020$0$1,422,079
73$1,568,256$70,222$0$1,511,684
74$1,674,031$19,475$0$1,608,906
75$1,788,887$0$0$1,714,486
76$1,913,699$0$0$1,832,361
77$2,049,425$0$0$1,962,412
78$2,197,121$0$0$2,103,937
79$2,357,951$0$0$2,258,051
80$2,533,192$0$0$2,425,979
81$2,724,251$0$0$2,609,071
82$2,932,678$0$0$2,808,810
83$3,160,176$0$0$3,026,832
84$3,408,623$0$0$3,264,935
85$3,680,084$0$0$3,525,099
86$3,976,834$0$0$3,809,506
87$4,301,375$0$0$4,120,554
88$4,656,464$0$0$4,460,887
89$5,045,138$0$0$4,833,416
90$5,470,739$0$0$5,241,344
91$5,936,947$0$0$5,688,201
92$6,447,817$0$0$6,177,872
93$7,007,812$0$0$6,714,639
94$7,621,850$0$0$7,303,215
95$8,295,345$0$0$7,948,791
96$9,034,264$0$0$8,657,087
97$9,845,175$0$0$9,434,400
98$10,735,316$0$0$10,287,670
99$11,712,657$0$0$11,224,538
100$12,785,982$0$0$12,253,425