Can I retire at age 53 with 478,000?

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 $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%18.8%
1 years$39,473$39,121$38,778$38,443$38,116$36,764
2 years$19,541$19,177$18,824$18,482$18,151$16,803
3 years$12,898$12,532$12,181$11,842$11,516$10,214
4 years$9,577$9,213$8,864$8,531$8,213$6,968
5 years$7,585$7,223$6,879$6,553$6,243$5,058
6 years$6,257$5,898$5,559$5,240$4,940$3,816
7 years$5,310$4,953$4,620$4,308$4,018$2,954
8 years$4,599$4,246$3,918$3,614$3,333$2,329
9 years$4,047$3,697$3,375$3,079$2,807$1,861
10 years$3,605$3,258$2,942$2,654$2,392$1,503
11 years$3,244$2,901$2,590$2,310$2,057$1,223
12 years$2,943$2,604$2,299$2,026$1,782$1,001
13 years$2,689$2,353$2,054$1,788$1,554$824
14 years$2,471$2,139$1,845$1,588$1,363$681
15 years$2,283$1,954$1,666$1,416$1,200$564
16 years$2,118$1,793$1,510$1,268$1,060$469
17 years$1,972$1,651$1,374$1,139$940$390
18 years$1,843$1,525$1,255$1,027$836$326
19 years$1,728$1,414$1,149$928$745$272
20 years$1,625$1,314$1,054$840$665$228
21 years$1,531$1,224$970$762$596$191
22 years$1,446$1,142$894$693$534$160
23 years$1,368$1,068$825$631$479$134
24 years$1,298$1,001$763$576$431$112
25 years$1,232$939$707$526$388$94
26 years$1,172$883$656$481$349$79
27 years$1,117$831$609$440$315$67
28 years$1,065$783$566$403$284$56
29 years$1,018$739$527$370$256$47
30 years$973$698$491$339$232$40
31 years$931$659$457$312$209$33
32 years$893$624$427$286$190$28
33 years$856$591$398$263$172$24
34 years$822$560$372$242$155$20
35 years$790$531$348$223$141$17
36 years$759$504$326$205$127$14
37 years$731$479$305$189$115$12
38 years$703$455$285$174$105$10
39 years$678$433$267$161$95$8
40 years$654$412$251$148$86$7
41 years$630$392$235$137$78$6
42 years$609$373$220$126$71$5
43 years$588$356$207$117$64$4
44 years$568$339$194$108$58$4
45 years$549$323$182$99$53$3
46 years$531$308$171$92$48$3
47 years$514$294$161$85$44$2
48 years$497$281$151$78$40$2
49 years$482$268$142$72$36$1
50 years$467$256$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $478,000, adding $5,690 every year, while hoping to spend $27,807 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: 80/5/15 Blend
52$478,000$478,000$478,000$478,000
53$532,625$507,291$499,882$573,141
54$557,367$502,562$487,042$595,873
55$583,700$496,669$472,839$616,660
56$611,757$489,526$457,200$638,682
57$641,685$481,042$440,045$662,050
58$673,643$471,119$421,292$686,888
59$707,805$459,654$400,856$713,330
60$744,364$446,540$378,647$741,526
61$783,529$431,660$354,572$771,641
62$825,530$414,893$328,532$803,857
63$870,622$396,110$300,425$838,374
64$919,081$375,175$270,145$875,412
65$971,212$351,943$237,579$915,217
66$1,027,349$326,262$202,612$958,057
67$1,087,860$297,971$165,121$1,004,228
68$1,153,149$266,898$124,979$1,054,058
69$1,223,658$232,864$82,054$1,107,907
70$1,299,875$195,678$36,207$1,166,175
71$1,382,335$155,140$0$1,229,299
72$1,471,628$111,036$0$1,299,801
73$1,568,399$63,142$0$1,382,495
74$1,673,362$11,222$0$1,472,196
75$1,787,297$0$0$1,569,580
76$1,911,066$0$0$1,677,866
77$2,045,616$0$0$1,796,266
78$2,191,988$0$0$1,925,083
79$2,351,329$0$0$2,065,325
80$2,524,898$0$0$2,218,104
81$2,714,084$0$0$2,384,643
82$2,920,413$0$0$2,566,288
83$3,145,568$0$0$2,764,522
84$3,391,397$0$0$2,980,973
85$3,659,938$0$0$3,217,439
86$3,953,432$0$0$3,475,895
87$4,274,348$0$0$3,758,517
88$4,625,405$0$0$4,067,701
89$5,009,594$0$0$4,406,086
90$5,430,210$0$0$4,776,575
91$5,890,884$0$0$5,182,367
92$6,395,610$0$0$5,626,986
93$6,948,789$0$0$6,114,310
94$7,555,269$0$0$6,648,613
95$8,220,387$0$0$7,234,600
96$8,950,023$0$0$7,877,454
97$9,750,654$0$0$8,582,884
98$10,629,413$0$0$9,357,179
99$11,594,157$0$0$10,207,265
100$12,653,542$0$0$11,140,774