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%13.1%
1 years$39,473$39,121$38,778$38,443$38,116$37,624
2 years$19,541$19,177$18,824$18,482$18,151$17,656
3 years$12,898$12,532$12,181$11,842$11,516$11,033
4 years$9,577$9,213$8,864$8,531$8,213$7,747
5 years$7,585$7,223$6,879$6,553$6,243$5,794
6 years$6,257$5,898$5,559$5,240$4,940$4,509
7 years$5,310$4,953$4,620$4,308$4,018$3,605
8 years$4,599$4,246$3,918$3,614$3,333$2,938
9 years$4,047$3,697$3,375$3,079$2,807$2,430
10 years$3,605$3,258$2,942$2,654$2,392$2,033
11 years$3,244$2,901$2,590$2,310$2,057$1,715
12 years$2,943$2,604$2,299$2,026$1,782$1,458
13 years$2,689$2,353$2,054$1,788$1,554$1,246
14 years$2,471$2,139$1,845$1,588$1,363$1,071
15 years$2,283$1,954$1,666$1,416$1,200$923
16 years$2,118$1,793$1,510$1,268$1,060$799
17 years$1,972$1,651$1,374$1,139$940$694
18 years$1,843$1,525$1,255$1,027$836$603
19 years$1,728$1,414$1,149$928$745$526
20 years$1,625$1,314$1,054$840$665$459
21 years$1,531$1,224$970$762$596$402
22 years$1,446$1,142$894$693$534$352
23 years$1,368$1,068$825$631$479$309
24 years$1,298$1,001$763$576$431$271
25 years$1,232$939$707$526$388$238
26 years$1,172$883$656$481$349$209
27 years$1,117$831$609$440$315$184
28 years$1,065$783$566$403$284$162
29 years$1,018$739$527$370$256$143
30 years$973$698$491$339$232$126
31 years$931$659$457$312$209$111
32 years$893$624$427$286$190$98
33 years$856$591$398$263$172$86
34 years$822$560$372$242$155$76
35 years$790$531$348$223$141$67
36 years$759$504$326$205$127$59
37 years$731$479$305$189$115$52
38 years$703$455$285$174$105$46
39 years$678$433$267$161$95$41
40 years$654$412$251$148$86$36
41 years$630$392$235$137$78$32
42 years$609$373$220$126$71$28
43 years$588$356$207$117$64$25
44 years$568$339$194$108$58$22
45 years$549$323$182$99$53$19
46 years$531$308$171$92$48$17
47 years$514$294$161$85$44$15
48 years$497$281$151$78$40$13
49 years$482$268$142$72$36$12
50 years$467$256$134$67$33$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $478,000, adding $6,430 every year, while hoping to spend $36,189 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: 54/40/6 Blend
52$478,000$478,000$478,000$478,000
53$533,389$508,055$500,646$561,125
54$549,289$494,444$478,912$566,990
55$565,599$478,954$455,238$568,821
56$582,321$461,454$429,520$569,931
57$599,459$441,806$401,649$570,255
58$617,013$419,864$371,514$569,728
59$634,985$395,474$338,996$568,277
60$653,373$368,472$303,973$565,827
61$672,177$338,687$266,315$562,295
62$691,391$305,934$225,888$557,595
63$711,010$270,023$182,553$551,633
64$731,027$230,748$136,163$544,312
65$751,432$187,895$86,565$535,524
66$772,213$141,236$33,599$525,159
67$793,353$90,531$0$513,094
68$814,834$35,526$0$500,671
69$836,634$0$0$488,674
70$858,726$0$0$485,402
71$881,080$0$0$497,897
72$903,658$0$0$510,501
73$926,420$0$0$523,188
74$949,317$0$0$535,928
75$972,294$0$0$548,688
76$995,288$0$0$561,430
77$1,018,229$0$0$574,109
78$1,041,034$0$0$586,678
79$1,063,611$0$0$599,080
80$1,085,859$0$0$611,252
81$1,107,658$0$0$623,124
82$1,128,879$0$0$634,618
83$1,149,375$0$0$645,644
84$1,168,979$0$0$656,103
85$1,187,507$0$0$665,883
86$1,204,753$0$0$674,862
87$1,220,486$0$0$682,899
88$1,234,449$0$0$689,841
89$1,246,354$0$0$695,516
90$1,255,882$0$0$699,732
91$1,262,678$0$0$702,276
92$1,266,345$0$0$702,911
93$1,266,445$0$0$701,375
94$1,262,490$0$0$697,375
95$1,253,938$0$0$690,587
96$1,240,188$0$0$680,653
97$1,220,573$0$0$667,174
98$1,194,355$0$0$649,708
99$1,160,714$0$0$627,767
100$1,118,746$0$0$600,810