Can I retire at age 53 with 480,000?

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 $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%19.8%
1 years$39,638$39,285$38,940$38,604$38,276$36,772
2 years$19,623$19,257$18,903$18,560$18,227$16,730
3 years$12,952$12,585$12,232$11,891$11,564$10,121
4 years$9,617$9,251$8,901$8,567$8,247$6,870
5 years$7,617$7,253$6,908$6,580$6,269$4,961
6 years$6,284$5,923$5,583$5,262$4,961$3,722
7 years$5,332$4,974$4,639$4,326$4,034$2,865
8 years$4,618$4,264$3,934$3,629$3,347$2,245
9 years$4,064$3,712$3,389$3,091$2,819$1,783
10 years$3,620$3,272$2,954$2,665$2,402$1,431
11 years$3,257$2,913$2,601$2,319$2,065$1,157
12 years$2,955$2,614$2,308$2,034$1,790$941
13 years$2,700$2,363$2,062$1,796$1,561$769
14 years$2,481$2,148$1,853$1,594$1,368$631
15 years$2,292$1,962$1,673$1,422$1,205$519
16 years$2,127$1,800$1,517$1,273$1,065$428
17 years$1,981$1,658$1,380$1,144$944$354
18 years$1,851$1,532$1,260$1,031$839$293
19 years$1,735$1,420$1,153$931$748$243
20 years$1,631$1,319$1,059$844$668$202
21 years$1,537$1,229$974$766$598$168
22 years$1,452$1,147$897$696$536$139
23 years$1,374$1,073$829$634$481$116
24 years$1,303$1,005$766$578$433$97
25 years$1,238$943$710$528$389$80
26 years$1,177$887$658$483$351$67
27 years$1,121$834$611$442$316$56
28 years$1,070$786$568$405$285$47
29 years$1,022$742$529$371$258$39
30 years$977$700$493$341$233$32
31 years$935$662$459$313$210$27
32 years$896$627$428$288$190$23
33 years$860$593$400$265$172$19
34 years$825$562$374$243$156$16
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$8
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$3
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 $5,678 every year, while hoping to spend $35,606 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: 35/37/28 Blend
52$480,000$480,000$480,000$480,000
53$534,817$509,377$501,937$548,864
54$551,484$496,452$480,867$546,943
55$568,657$481,700$457,898$541,270
56$586,351$464,995$432,929$534,463
57$604,581$446,201$405,854$526,445
58$623,360$425,176$376,562$517,134
59$642,703$401,771$344,937$506,444
60$662,626$375,825$310,860$494,285
61$683,144$347,170$274,203$480,560
62$704,271$315,628$234,836$465,168
63$726,025$281,012$192,621$448,003
64$748,419$243,121$147,414$428,952
65$771,471$201,747$99,065$407,896
66$795,195$156,667$47,418$384,710
67$819,607$107,646$0$359,262
68$844,724$54,438$0$333,712
69$870,561$0$0$320,882
70$897,132$0$0$307,799
71$924,454$0$0$317,133
72$952,541$0$0$326,724
73$981,407$0$0$336,576
74$1,011,066$0$0$346,694
75$1,041,531$0$0$357,082
76$1,072,815$0$0$367,742
77$1,104,929$0$0$378,678
78$1,137,883$0$0$389,892
79$1,171,687$0$0$401,387
80$1,206,347$0$0$413,163
81$1,241,869$0$0$425,223
82$1,278,258$0$0$437,564
83$1,315,515$0$0$450,187
84$1,353,638$0$0$463,089
85$1,392,624$0$0$476,267
86$1,432,466$0$0$489,717
87$1,473,152$0$0$503,432
88$1,514,667$0$0$517,404
89$1,556,991$0$0$531,624
90$1,600,098$0$0$546,080
91$1,643,958$0$0$560,758
92$1,688,532$0$0$575,640
93$1,733,774$0$0$590,708
94$1,779,631$0$0$605,938
95$1,826,040$0$0$621,303
96$1,872,926$0$0$636,773
97$1,920,204$0$0$652,311
98$1,967,776$0$0$667,878
99$2,015,530$0$0$683,427
100$2,063,336$0$0$698,906