Can I retire at age 53 with 483,000?

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 $483,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$39,886$39,530$39,184$38,845$38,515$38,192
2 years$19,745$19,378$19,021$18,676$18,341$18,015
3 years$13,033$12,664$12,308$11,966$11,636$11,318
4 years$9,677$9,309$8,957$8,621$8,299$7,991
5 years$7,664$7,298$6,951$6,621$6,309$6,012
6 years$6,323$5,960$5,617$5,295$4,992$4,706
7 years$5,365$5,005$4,668$4,354$4,060$3,786
8 years$4,647$4,290$3,959$3,652$3,368$3,105
9 years$4,089$3,735$3,410$3,111$2,836$2,585
10 years$3,643$3,293$2,973$2,681$2,417$2,176
11 years$3,278$2,931$2,617$2,334$2,078$1,849
12 years$2,974$2,631$2,323$2,047$1,801$1,583
13 years$2,717$2,378$2,075$1,807$1,571$1,363
14 years$2,497$2,161$1,865$1,604$1,377$1,179
15 years$2,306$1,974$1,683$1,431$1,212$1,024
16 years$2,140$1,811$1,526$1,281$1,071$893
17 years$1,993$1,668$1,389$1,151$950$781
18 years$1,863$1,541$1,268$1,037$845$685
19 years$1,746$1,429$1,161$937$753$602
20 years$1,642$1,328$1,065$849$672$530
21 years$1,547$1,237$980$770$602$467
22 years$1,461$1,154$903$700$539$413
23 years$1,383$1,080$834$638$484$365
24 years$1,311$1,011$771$582$435$323
25 years$1,245$949$714$531$392$286
26 years$1,185$892$662$486$353$254
27 years$1,128$840$615$445$318$225
28 years$1,077$791$572$407$287$200
29 years$1,028$746$532$374$259$178
30 years$983$705$496$343$234$158
31 years$941$666$462$315$212$141
32 years$902$630$431$289$191$125
33 years$865$597$403$266$173$112
34 years$830$566$376$245$157$99
35 years$798$537$352$225$142$88
36 years$767$509$329$208$129$79
37 years$738$484$308$191$117$70
38 years$711$460$288$176$106$63
39 years$685$437$270$163$96$56
40 years$660$416$253$150$87$50
41 years$637$396$237$138$79$44
42 years$615$377$223$128$72$40
43 years$594$359$209$118$65$35
44 years$574$343$196$109$59$32
45 years$555$327$184$101$54$28
46 years$537$312$173$93$49$25
47 years$519$297$163$86$44$22
48 years$503$284$153$79$40$20
49 years$487$271$144$73$36$18
50 years$472$259$135$68$33$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $483,000, adding $4,287 every year, while hoping to spend $32,777 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: 45/25/30 Blend
52$483,000$483,000$483,000$483,000
53$536,688$511,089$503,603$556,017
54$556,556$501,258$485,599$560,389
55$577,351$489,847$465,893$561,674
56$599,135$476,743$444,395$562,452
57$621,972$461,828$421,007$562,694
58$645,932$444,977$395,630$562,371
59$671,093$426,057$368,159$561,454
60$697,537$404,926$338,485$559,913
61$725,356$381,437$306,494$557,720
62$754,647$355,433$272,066$554,844
63$785,518$326,746$235,078$551,257
64$818,085$295,201$195,397$546,931
65$852,476$260,612$152,890$541,837
66$888,830$222,784$107,413$535,950
67$927,299$181,507$58,819$529,244
68$968,047$136,565$6,953$521,696
69$1,011,255$87,724$0$513,284
70$1,057,121$34,741$0$519,484
71$1,105,862$0$0$528,169
72$1,157,712$0$0$543,386
73$1,212,932$0$0$569,802
74$1,271,804$0$0$597,998
75$1,334,638$0$0$628,128
76$1,401,774$0$0$660,358
77$1,473,584$0$0$694,873
78$1,550,477$0$0$731,875
79$1,632,901$0$0$771,583
80$1,721,347$0$0$814,241
81$1,816,354$0$0$860,114
82$1,918,513$0$0$909,496
83$2,028,475$0$0$962,706
84$2,146,952$0$0$1,020,098
85$2,274,729$0$0$1,082,058
86$2,412,666$0$0$1,149,012
87$2,561,708$0$0$1,221,429
88$2,722,896$0$0$1,299,821
89$2,897,372$0$0$1,384,754
90$3,086,392$0$0$1,476,849
91$3,291,336$0$0$1,576,789
92$3,513,724$0$0$1,685,327
93$3,755,226$0$0$1,803,288
94$4,017,678$0$0$1,931,582
95$4,303,103$0$0$2,071,209
96$4,613,723$0$0$2,223,271
97$4,951,984$0$0$2,388,977
98$5,320,580$0$0$2,569,663
99$5,722,472$0$0$2,766,793
100$6,160,923$0$0$2,981,985