Can I retire at age 53 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$39,390$39,039$38,697$38,363$38,037$36,527
2 years$19,500$19,137$18,785$18,444$18,113$16,611
3 years$12,871$12,506$12,155$11,817$11,491$10,044
4 years$9,557$9,193$8,846$8,514$8,196$6,814
5 years$7,569$7,208$6,865$6,539$6,230$4,918
6 years$6,244$5,886$5,548$5,229$4,930$3,688
7 years$5,298$4,943$4,610$4,299$4,009$2,837
8 years$4,589$4,237$3,910$3,607$3,326$2,222
9 years$4,038$3,689$3,368$3,072$2,801$1,764
10 years$3,597$3,252$2,936$2,648$2,387$1,414
11 years$3,237$2,895$2,585$2,305$2,053$1,143
12 years$2,937$2,598$2,294$2,022$1,779$929
13 years$2,683$2,348$2,049$1,785$1,551$758
14 years$2,466$2,134$1,841$1,584$1,360$622
15 years$2,278$1,950$1,663$1,413$1,197$511
16 years$2,113$1,789$1,507$1,265$1,058$422
17 years$1,968$1,647$1,372$1,137$938$348
18 years$1,840$1,522$1,252$1,024$834$288
19 years$1,725$1,411$1,146$926$743$239
20 years$1,621$1,311$1,052$838$664$198
21 years$1,528$1,221$968$761$594$164
22 years$1,443$1,140$892$692$533$137
23 years$1,366$1,066$823$630$478$114
24 years$1,295$999$762$575$430$94
25 years$1,230$937$705$525$387$79
26 years$1,170$881$654$480$348$65
27 years$1,114$829$607$439$314$55
28 years$1,063$781$565$402$283$45
29 years$1,015$737$525$369$256$38
30 years$971$696$489$339$231$32
31 years$929$658$456$311$209$26
32 years$891$623$426$286$189$22
33 years$854$590$398$263$171$18
34 years$820$559$371$242$155$15
35 years$788$530$347$223$140$13
36 years$758$503$325$205$127$11
37 years$729$478$304$189$115$9
38 years$702$454$285$174$104$7
39 years$676$432$267$161$95$6
40 years$652$411$250$148$86$5
41 years$629$391$234$137$78$4
42 years$607$372$220$126$71$4
43 years$587$355$206$116$64$3
44 years$567$338$194$107$58$2
45 years$548$323$182$99$53$2
46 years$530$308$171$92$48$2
47 years$513$294$161$85$44$1
48 years$496$280$151$78$40$1
49 years$481$268$142$72$36$1
50 years$466$256$133$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $477,000, adding $6,964 every year, while hoping to spend $35,804 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: 46/37/17 Blend
52$477,000$477,000$477,000$477,000
53$532,837$507,556$500,163$554,472
54$549,092$494,331$478,823$557,032
55$565,804$479,259$455,569$555,653
56$582,983$462,209$430,297$553,391
57$600,637$443,048$402,902$550,181
58$618,775$421,630$373,273$545,950
59$637,405$397,805$341,292$540,624
60$656,534$371,411$306,839$534,122
61$676,169$342,278$269,786$526,360
62$696,315$310,227$230,001$517,248
63$716,978$275,067$187,345$506,691
64$738,163$236,598$141,674$494,587
65$759,872$194,608$92,836$480,829
66$782,107$148,872$40,675$465,304
67$804,870$99,154$0$447,892
68$828,158$45,204$0$431,183
69$851,969$0$0$420,374
70$876,298$0$0$413,360
71$901,138$0$0$424,980
72$926,478$0$0$436,823
73$952,306$0$0$448,882
74$978,606$0$0$461,147
75$1,005,356$0$0$473,607
76$1,032,533$0$0$486,249
77$1,060,108$0$0$499,056
78$1,088,047$0$0$512,012
79$1,116,310$0$0$525,093
80$1,144,850$0$0$538,276
81$1,173,613$0$0$551,531
82$1,202,538$0$0$564,827
83$1,231,553$0$0$578,125
84$1,260,578$0$0$591,384
85$1,289,521$0$0$604,555
86$1,318,278$0$0$617,585
87$1,346,730$0$0$630,412
88$1,374,745$0$0$642,967
89$1,402,173$0$0$655,172
90$1,428,846$0$0$666,941
91$1,454,574$0$0$678,176
92$1,479,147$0$0$688,769
93$1,502,326$0$0$698,596
94$1,523,847$0$0$707,522
95$1,543,414$0$0$715,395
96$1,560,697$0$0$722,046
97$1,575,329$0$0$727,286
98$1,586,899$0$0$730,906
99$1,594,952$0$0$732,672
100$1,598,982$0$0$732,326