Can I retire at age 53 with 480,000?

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 $480,000?

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$39,638$39,285$38,940$38,604$38,276$36,757
2 years$19,623$19,257$18,903$18,560$18,227$16,715
3 years$12,952$12,585$12,232$11,891$11,564$10,108
4 years$9,617$9,251$8,901$8,567$8,247$6,857
5 years$7,617$7,253$6,908$6,580$6,269$4,949
6 years$6,284$5,923$5,583$5,262$4,961$3,711
7 years$5,332$4,974$4,639$4,326$4,034$2,855
8 years$4,618$4,264$3,934$3,629$3,347$2,236
9 years$4,064$3,712$3,389$3,091$2,819$1,775
10 years$3,620$3,272$2,954$2,665$2,402$1,423
11 years$3,257$2,913$2,601$2,319$2,065$1,150
12 years$2,955$2,614$2,308$2,034$1,790$935
13 years$2,700$2,363$2,062$1,796$1,561$763
14 years$2,481$2,148$1,853$1,594$1,368$626
15 years$2,292$1,962$1,673$1,422$1,205$515
16 years$2,127$1,800$1,517$1,273$1,065$424
17 years$1,981$1,658$1,380$1,144$944$350
18 years$1,851$1,532$1,260$1,031$839$290
19 years$1,735$1,420$1,153$931$748$240
20 years$1,631$1,319$1,059$844$668$199
21 years$1,537$1,229$974$766$598$165
22 years$1,452$1,147$897$696$536$137
23 years$1,374$1,073$829$634$481$114
24 years$1,303$1,005$766$578$433$95
25 years$1,238$943$710$528$389$79
26 years$1,177$887$658$483$351$66
27 years$1,121$834$611$442$316$55
28 years$1,070$786$568$405$285$46
29 years$1,022$742$529$371$258$38
30 years$977$700$493$341$233$32
31 years$935$662$459$313$210$26
32 years$896$627$428$288$190$22
33 years$860$593$400$265$172$18
34 years$825$562$374$243$156$15
35 years$793$533$349$224$141$13
36 years$762$506$327$206$128$11
37 years$734$481$306$190$116$9
38 years$706$457$287$175$105$7
39 years$681$435$268$162$95$6
40 years$656$413$252$149$86$5
41 years$633$394$236$137$78$4
42 years$611$375$221$127$71$4
43 years$590$357$208$117$65$3
44 years$570$340$195$108$59$2
45 years$551$325$183$100$53$2
46 years$533$310$172$92$48$2
47 years$516$295$162$85$44$1
48 years$500$282$152$79$40$1
49 years$484$269$143$73$36$1
50 years$469$257$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 $480,000, adding $3,833 every year, while hoping to spend $29,911 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: 62/17/21 Blend
52$480,000$480,000$480,000$480,000
53$532,914$507,474$500,034$562,820
54$555,446$500,515$484,960$576,515
55$579,274$492,213$468,378$587,794
56$604,498$482,469$450,207$599,428
57$631,229$471,182$430,361$611,455
58$659,585$458,241$408,750$623,918
59$689,700$443,532$385,279$636,866
60$721,715$426,931$359,852$650,353
61$755,788$408,309$332,366$664,442
62$792,092$387,529$302,713$679,202
63$830,813$364,446$270,782$694,713
64$872,159$338,907$236,456$711,061
65$916,355$310,749$199,613$728,348
66$963,649$279,801$160,126$746,683
67$1,014,312$245,883$117,861$766,191
68$1,068,643$208,802$72,680$787,011
69$1,126,968$168,356$24,438$809,300
70$1,189,646$124,333$0$833,231
71$1,257,070$76,506$0$865,060
72$1,329,673$24,636$0$905,180
73$1,407,930$0$0$948,390
74$1,492,361$0$0$1,000,896
75$1,583,541$0$0$1,062,603
76$1,682,098$0$0$1,129,332
77$1,788,725$0$0$1,201,555
78$1,904,181$0$0$1,279,792
79$2,029,304$0$0$1,364,613
80$2,165,013$0$0$1,456,645
81$2,312,319$0$0$1,556,579
82$2,472,333$0$0$1,665,173
83$2,646,281$0$0$1,783,265
84$2,835,506$0$0$1,911,770
85$3,041,491$0$0$2,051,702
86$3,265,865$0$0$2,204,173
87$3,510,419$0$0$2,370,406
88$3,777,129$0$0$2,551,749
89$4,068,166$0$0$2,749,685
90$4,385,919$0$0$2,965,847
91$4,733,022$0$0$3,202,032
92$5,112,372$0$0$3,460,218
93$5,527,157$0$0$3,742,584
94$5,980,890$0$0$4,051,528
95$6,477,438$0$0$4,389,691
96$7,021,058$0$0$4,759,982
97$7,616,439$0$0$5,165,602
98$8,268,745$0$0$5,610,079
99$8,983,663$0$0$6,097,296
100$9,767,454$0$0$6,631,531