Can I retire at age 53 with 484,000?

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 $484,000?

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$39,968$39,612$39,265$38,926$38,595$37,315
2 years$19,786$19,418$19,061$18,714$18,378$17,101
3 years$13,060$12,690$12,333$11,990$11,660$10,426
4 years$9,697$9,328$8,976$8,638$8,316$7,134
5 years$7,680$7,313$6,965$6,635$6,322$5,195
6 years$6,336$5,972$5,629$5,306$5,002$3,932
7 years$5,376$5,015$4,678$4,363$4,068$3,054
8 years$4,657$4,299$3,967$3,660$3,375$2,417
9 years$4,097$3,743$3,417$3,117$2,842$1,938
10 years$3,650$3,299$2,979$2,687$2,422$1,571
11 years$3,285$2,937$2,623$2,339$2,083$1,283
12 years$2,980$2,636$2,328$2,051$1,805$1,055
13 years$2,723$2,382$2,079$1,811$1,574$872
14 years$2,502$2,166$1,868$1,608$1,380$723
15 years$2,311$1,978$1,687$1,434$1,215$602
16 years$2,144$1,815$1,529$1,284$1,074$502
17 years$1,997$1,672$1,392$1,153$952$420
18 years$1,867$1,545$1,270$1,039$846$352
19 years$1,750$1,432$1,163$939$754$296
20 years$1,645$1,330$1,067$851$674$248
21 years$1,550$1,239$982$772$603$209
22 years$1,464$1,157$905$702$541$176
23 years$1,386$1,082$835$639$485$148
24 years$1,314$1,014$773$583$436$125
25 years$1,248$951$716$532$392$105
26 years$1,187$894$664$487$353$89
27 years$1,131$841$616$446$319$75
28 years$1,079$793$573$408$288$63
29 years$1,030$748$533$374$260$54
30 years$985$706$497$344$235$45
31 years$943$668$463$316$212$38
32 years$904$632$432$290$192$32
33 years$867$598$403$267$174$27
34 years$832$567$377$245$157$23
35 years$799$538$352$226$142$20
36 years$769$510$330$208$129$17
37 years$740$485$309$192$117$14
38 years$712$461$289$177$106$12
39 years$686$438$271$163$96$10
40 years$662$417$254$150$87$8
41 years$638$397$238$139$79$7
42 years$616$378$223$128$72$6
43 years$595$360$209$118$65$5
44 years$575$343$197$109$59$4
45 years$556$327$185$101$54$4
46 years$538$312$173$93$49$3
47 years$520$298$163$86$44$3
48 years$504$284$153$79$40$2
49 years$488$272$144$73$37$2
50 years$473$259$135$68$33$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $484,000, adding $5,356 every year, while hoping to spend $36,143 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: 52/27/21 Blend
52$484,000$484,000$484,000$484,000
53$538,893$513,241$505,739$563,530
54$555,404$499,934$484,225$567,778
55$572,388$484,763$460,779$568,214
56$589,855$467,600$435,299$567,923
57$607,814$448,307$407,676$566,849
58$626,276$426,738$377,798$564,933
59$645,250$402,742$345,547$562,110
60$664,744$376,156$310,802$558,314
61$684,768$346,807$273,434$553,473
62$705,329$314,515$233,309$547,511
63$726,435$279,089$190,287$540,348
64$748,093$240,325$144,223$531,900
65$770,307$198,010$94,963$522,075
66$793,084$151,918$42,350$510,778
67$816,426$101,810$0$497,908
68$840,336$47,433$0$486,448
69$864,815$0$0$483,522
70$889,862$0$0$482,958
71$915,474$0$0$496,785
72$941,647$0$0$510,907
73$968,371$0$0$525,317
74$995,639$0$0$540,010
75$1,023,434$0$0$554,977
76$1,051,742$0$0$570,206
77$1,080,541$0$0$585,685
78$1,109,804$0$0$601,399
79$1,139,503$0$0$617,329
80$1,169,601$0$0$633,453
81$1,200,055$0$0$649,746
82$1,230,817$0$0$666,180
83$1,261,831$0$0$682,719
84$1,293,029$0$0$699,326
85$1,324,339$0$0$715,956
86$1,355,674$0$0$732,559
87$1,386,937$0$0$749,079
88$1,418,018$0$0$765,450
89$1,448,792$0$0$781,601
90$1,479,118$0$0$797,447
91$1,508,838$0$0$812,898
92$1,537,773$0$0$827,850
93$1,565,723$0$0$842,186
94$1,592,464$0$0$855,775
95$1,617,743$0$0$868,473
96$1,641,281$0$0$880,117
97$1,662,763$0$0$890,524
98$1,681,840$0$0$899,493
99$1,698,121$0$0$906,799
100$1,711,172$0$0$912,189