Can I retire at age 53 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$39,555$39,203$38,859$38,524$38,196$36,929
2 years$19,582$19,217$18,864$18,521$18,189$16,924
3 years$12,925$12,559$12,206$11,867$11,540$10,318
4 years$9,597$9,232$8,883$8,549$8,230$7,060
5 years$7,601$7,238$6,893$6,567$6,256$5,142
6 years$6,271$5,910$5,571$5,251$4,951$3,891
7 years$5,321$4,963$4,630$4,317$4,026$3,023
8 years$4,609$4,255$3,926$3,622$3,340$2,392
9 years$4,055$3,704$3,382$3,085$2,813$1,918
10 years$3,612$3,265$2,948$2,659$2,397$1,555
11 years$3,251$2,907$2,596$2,314$2,061$1,270
12 years$2,949$2,609$2,303$2,030$1,786$1,044
13 years$2,694$2,358$2,058$1,792$1,558$863
14 years$2,476$2,143$1,849$1,591$1,365$716
15 years$2,287$1,958$1,670$1,419$1,202$596
16 years$2,122$1,796$1,514$1,270$1,062$497
17 years$1,977$1,654$1,377$1,141$942$416
18 years$1,847$1,529$1,257$1,029$838$349
19 years$1,732$1,417$1,151$929$747$293
20 years$1,628$1,317$1,056$842$667$246
21 years$1,534$1,226$972$764$597$207
22 years$1,449$1,145$896$695$535$174
23 years$1,371$1,071$827$633$480$147
24 years$1,300$1,003$765$577$432$124
25 years$1,235$941$708$527$388$104
26 years$1,175$885$657$482$350$88
27 years$1,119$833$610$441$315$74
28 years$1,068$785$567$404$285$63
29 years$1,020$740$528$371$257$53
30 years$975$699$492$340$232$45
31 years$933$661$458$312$210$38
32 years$894$625$428$287$190$32
33 years$858$592$399$264$172$27
34 years$823$561$373$243$156$23
35 years$791$532$349$224$141$19
36 years$761$505$326$206$128$16
37 years$732$480$305$190$116$14
38 years$705$456$286$175$105$12
39 years$679$434$268$161$95$10
40 years$655$413$251$149$86$8
41 years$632$393$235$137$78$7
42 years$610$374$221$127$71$6
43 years$589$356$207$117$64$5
44 years$569$340$195$108$59$4
45 years$550$324$183$100$53$4
46 years$532$309$172$92$48$3
47 years$515$295$161$85$44$3
48 years$498$282$151$79$40$2
49 years$483$269$142$73$36$2
50 years$468$257$134$67$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $479,000, adding $6,965 every year, while hoping to spend $23,597 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: 47/45/8 Blend
52$479,000$479,000$479,000$479,000
53$535,042$509,655$502,231$558,705
54$564,510$509,521$493,949$575,566
55$596,192$508,590$484,598$590,820
56$630,290$506,797$474,118$606,827
57$667,024$504,075$462,446$623,665
58$706,637$500,352$449,515$641,418
59$749,396$495,551$435,255$660,184
60$795,592$489,591$419,594$680,070
61$845,548$482,386$402,456$701,195
62$899,617$473,846$383,761$723,694
63$958,187$463,873$363,426$747,715
64$1,021,685$452,367$341,365$773,423
65$1,090,583$439,218$317,486$801,005
66$1,165,395$424,312$291,694$830,666
67$1,246,690$407,529$263,891$862,634
68$1,335,094$388,739$233,973$897,165
69$1,431,295$367,808$201,832$934,542
70$1,536,048$344,593$167,355$975,080
71$1,650,188$318,940$130,424$1,019,129
72$1,774,630$290,691$90,916$1,067,078
73$1,910,382$259,675$48,702$1,119,359
74$2,058,556$225,714$3,648$1,176,451
75$2,220,373$188,618$0$1,238,887
76$2,397,178$148,187$0$1,311,049
77$2,590,453$104,211$0$1,390,379
78$2,801,827$56,466$0$1,477,304
79$3,033,098$4,716$0$1,572,643
80$3,286,240$0$0$1,677,303
81$3,563,432$0$0$1,817,682
82$3,867,070$0$0$1,974,067
83$4,199,794$0$0$2,145,490
84$4,564,512$0$0$2,333,455
85$4,964,426$0$0$2,539,620
86$5,403,063$0$0$2,765,810
87$5,884,307$0$0$3,014,037
88$6,412,438$0$0$3,286,516
89$6,992,167$0$0$3,585,687
90$7,628,687$0$0$3,914,237
91$8,327,717$0$0$4,275,128
92$9,095,556$0$0$4,671,622
93$9,939,145$0$0$5,107,311
94$10,866,128$0$0$5,586,155
95$11,884,930$0$0$6,112,515
96$13,004,829$0$0$6,691,196
97$14,236,048$0$0$7,327,491
98$15,589,850$0$0$8,027,233
99$17,078,644$0$0$8,796,846
100$18,716,103$0$0$9,643,412