Can I retire at age 53 with 478,000?

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 $478,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$39,473$39,121$38,778$38,443$38,116$37,286
2 years$19,541$19,177$18,824$18,482$18,151$17,318
3 years$12,898$12,532$12,181$11,842$11,516$10,707
4 years$9,577$9,213$8,864$8,531$8,213$7,435
5 years$7,585$7,223$6,879$6,553$6,243$5,497
6 years$6,257$5,898$5,559$5,240$4,940$4,227
7 years$5,310$4,953$4,620$4,308$4,018$3,338
8 years$4,599$4,246$3,918$3,614$3,333$2,687
9 years$4,047$3,697$3,375$3,079$2,807$2,193
10 years$3,605$3,258$2,942$2,654$2,392$1,810
11 years$3,244$2,901$2,590$2,310$2,057$1,506
12 years$2,943$2,604$2,299$2,026$1,782$1,262
13 years$2,689$2,353$2,054$1,788$1,554$1,063
14 years$2,471$2,139$1,845$1,588$1,363$900
15 years$2,283$1,954$1,666$1,416$1,200$765
16 years$2,118$1,793$1,510$1,268$1,060$652
17 years$1,972$1,651$1,374$1,139$940$557
18 years$1,843$1,525$1,255$1,027$836$477
19 years$1,728$1,414$1,149$928$745$409
20 years$1,625$1,314$1,054$840$665$351
21 years$1,531$1,224$970$762$596$302
22 years$1,446$1,142$894$693$534$260
23 years$1,368$1,068$825$631$479$224
24 years$1,298$1,001$763$576$431$194
25 years$1,232$939$707$526$388$167
26 years$1,172$883$656$481$349$144
27 years$1,117$831$609$440$315$125
28 years$1,065$783$566$403$284$108
29 years$1,018$739$527$370$256$93
30 years$973$698$491$339$232$81
31 years$931$659$457$312$209$70
32 years$893$624$427$286$190$61
33 years$856$591$398$263$172$52
34 years$822$560$372$242$155$45
35 years$790$531$348$223$141$39
36 years$759$504$326$205$127$34
37 years$731$479$305$189$115$30
38 years$703$455$285$174$105$26
39 years$678$433$267$161$95$22
40 years$654$412$251$148$86$19
41 years$630$392$235$137$78$17
42 years$609$373$220$126$71$14
43 years$588$356$207$117$64$13
44 years$568$339$194$108$58$11
45 years$549$323$182$99$53$9
46 years$531$308$171$92$48$8
47 years$514$294$161$85$44$7
48 years$497$281$151$78$40$6
49 years$482$268$142$72$36$5
50 years$467$256$134$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $478,000, adding $4,403 every year, while hoping to spend $35,561 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: 69/8/23 Blend
52$478,000$478,000$478,000$478,000
53$531,298$505,964$498,555$564,585
54$547,653$492,919$477,420$574,378
55$564,486$478,044$454,385$580,551
56$581,805$461,210$429,349$586,458
57$599,623$442,283$402,206$592,070
58$617,951$421,121$372,846$597,358
59$636,799$397,573$341,153$602,290
60$656,177$371,479$307,006$606,833
61$676,096$342,670$270,280$610,949
62$696,566$310,970$230,843$614,601
63$717,597$276,188$188,557$617,747
64$739,197$238,127$143,279$620,344
65$761,376$196,575$94,859$622,344
66$784,140$151,311$43,141$623,699
67$807,496$102,100$0$624,354
68$831,452$48,693$0$627,211
69$856,011$0$0$640,743
70$881,177$0$0$655,137
71$906,952$0$0$674,267
72$933,337$0$0$693,846
73$960,331$0$0$713,873
74$987,929$0$0$734,343
75$1,016,126$0$0$755,253
76$1,044,914$0$0$776,594
77$1,074,279$0$0$798,358
78$1,104,208$0$0$820,533
79$1,134,681$0$0$843,102
80$1,165,673$0$0$866,048
81$1,197,158$0$0$889,349
82$1,229,100$0$0$912,977
83$1,261,461$0$0$936,903
84$1,294,192$0$0$961,089
85$1,327,240$0$0$985,494
86$1,360,541$0$0$1,010,069
87$1,394,024$0$0$1,034,758
88$1,427,605$0$0$1,059,498
89$1,461,191$0$0$1,084,215
90$1,494,673$0$0$1,108,829
91$1,527,930$0$0$1,133,245
92$1,560,825$0$0$1,157,358
93$1,593,202$0$0$1,181,048
94$1,624,886$0$0$1,204,183
95$1,655,681$0$0$1,226,612
96$1,685,367$0$0$1,248,166
97$1,713,696$0$0$1,268,656
98$1,740,391$0$0$1,287,871
99$1,765,145$0$0$1,305,575
100$1,787,611$0$0$1,321,505