Can I retire at age 53 with 485,000?

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 $485,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$40,051$39,694$39,346$39,006$38,675$38,415
2 years$19,827$19,458$19,100$18,753$18,416$18,154
3 years$13,087$12,716$12,359$12,015$11,684$11,428
4 years$9,717$9,348$8,994$8,656$8,333$8,085
5 years$7,696$7,329$6,980$6,649$6,335$6,095
6 years$6,349$5,984$5,641$5,317$5,013$4,782
7 years$5,387$5,026$4,687$4,372$4,077$3,855
8 years$4,666$4,308$3,975$3,667$3,382$3,169
9 years$4,106$3,751$3,424$3,124$2,848$2,644
10 years$3,658$3,306$2,985$2,693$2,427$2,232
11 years$3,291$2,943$2,628$2,343$2,087$1,901
12 years$2,986$2,642$2,332$2,055$1,809$1,631
13 years$2,728$2,387$2,084$1,815$1,577$1,408
14 years$2,507$2,170$1,872$1,611$1,382$1,221
15 years$2,316$1,982$1,690$1,437$1,217$1,064
16 years$2,149$1,819$1,533$1,286$1,076$930
17 years$2,001$1,675$1,395$1,156$954$816
18 years$1,870$1,548$1,273$1,042$848$718
19 years$1,753$1,434$1,165$941$756$632
20 years$1,648$1,333$1,070$852$675$558
21 years$1,553$1,242$984$774$604$494
22 years$1,467$1,159$907$703$542$438
23 years$1,388$1,084$837$641$486$388
24 years$1,317$1,016$774$584$437$345
25 years$1,250$953$717$534$393$306
26 years$1,189$896$665$488$354$273
27 years$1,133$843$618$447$319$243
28 years$1,081$794$574$409$288$216
29 years$1,032$749$534$375$260$193
30 years$987$708$498$344$235$172
31 years$945$669$464$316$213$153
32 years$906$633$433$291$192$137
33 years$869$600$404$267$174$122
34 years$834$568$378$246$158$109
35 years$801$539$353$226$143$98
36 years$770$512$330$208$129$87
37 years$741$486$309$192$117$78
38 years$714$462$290$177$106$70
39 years$688$439$271$163$96$63
40 years$663$418$254$151$87$56
41 years$640$398$238$139$79$50
42 years$617$379$224$128$72$45
43 years$596$361$210$118$65$40
44 years$576$344$197$109$59$36
45 years$557$328$185$101$54$32
46 years$539$313$174$93$49$29
47 years$521$299$163$86$44$26
48 years$505$285$153$80$40$23
49 years$489$272$144$74$37$21
50 years$474$260$136$68$33$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $485,000, adding $4,229 every year, while hoping to spend $25,407 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: 72/19/9 Blend
52$485,000$485,000$485,000$485,000
53$538,832$513,127$505,610$576,458
54$566,760$511,238$495,515$599,994
55$596,685$508,404$484,230$622,196
56$628,785$504,553$471,689$645,806
57$663,252$499,607$457,822$670,956
58$700,300$493,485$442,556$697,792
59$740,163$486,098$425,814$726,474
60$783,098$477,355$407,517$757,181
61$829,387$467,158$387,581$790,110
62$879,339$455,403$365,920$825,477
63$933,295$441,981$342,442$863,522
64$991,629$426,776$317,051$904,511
65$1,054,751$409,665$289,648$948,735
66$1,123,114$390,517$260,130$996,518
67$1,197,215$369,195$228,388$1,048,216
68$1,277,600$345,555$194,308$1,104,224
69$1,364,869$319,441$157,771$1,164,977
70$1,459,684$290,692$118,655$1,230,955
71$1,562,772$259,135$76,829$1,302,688
72$1,674,931$224,590$32,160$1,380,764
73$1,797,043$186,864$0$1,465,828
74$1,930,075$145,754$0$1,560,085
75$2,075,093$101,046$0$1,666,226
76$2,233,270$52,514$0$1,782,045
77$2,405,896$0$0$1,908,518
78$2,594,392$0$0$2,046,740
79$2,800,322$0$0$2,209,763
80$3,025,408$0$0$2,387,973
81$3,271,546$0$0$2,582,875
82$3,540,822$0$0$2,796,123
83$3,835,535$0$0$3,029,541
84$4,158,216$0$0$3,285,136
85$4,511,650$0$0$3,565,120
86$4,898,909$0$0$3,871,926
87$5,323,370$0$0$4,208,236
88$5,788,756$0$0$4,577,002
89$6,299,168$0$0$4,981,479
90$6,859,120$0$0$5,425,246
91$7,473,587$0$0$5,912,252
92$8,148,047$0$0$6,446,841
93$8,888,535$0$0$7,033,802
94$9,701,697$0$0$7,678,408
95$10,594,859$0$0$8,386,470
96$11,576,086$0$0$9,164,387
97$12,654,265$0$0$10,019,211
98$13,839,187$0$0$10,958,708
99$15,141,638$0$0$11,991,436
100$16,573,501$0$0$13,126,824