Can I retire at age 53 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$40,216$39,858$39,508$39,167$38,834$37,972
2 years$19,909$19,538$19,179$18,830$18,492$17,629
3 years$13,141$12,768$12,410$12,065$11,732$10,894
4 years$9,757$9,386$9,031$8,692$8,368$7,560
5 years$7,728$7,359$7,009$6,676$6,361$5,587
6 years$6,375$6,009$5,664$5,339$5,033$4,294
7 years$5,410$5,046$4,707$4,390$4,093$3,389
8 years$4,686$4,326$3,992$3,682$3,396$2,726
9 years$4,123$3,766$3,438$3,136$2,860$2,224
10 years$3,673$3,320$2,997$2,704$2,437$1,834
11 years$3,305$2,955$2,639$2,353$2,096$1,525
12 years$2,998$2,653$2,342$2,064$1,816$1,277
13 years$2,739$2,397$2,092$1,822$1,584$1,076
14 years$2,518$2,179$1,880$1,617$1,388$910
15 years$2,326$1,991$1,697$1,443$1,222$772
16 years$2,158$1,826$1,539$1,292$1,080$658
17 years$2,010$1,682$1,400$1,161$958$561
18 years$1,878$1,554$1,278$1,046$852$480
19 years$1,761$1,440$1,170$945$759$412
20 years$1,655$1,338$1,074$856$678$353
21 years$1,560$1,247$988$777$607$304
22 years$1,473$1,164$910$706$544$261
23 years$1,394$1,088$841$643$488$225
24 years$1,322$1,020$777$587$439$194
25 years$1,256$957$720$536$395$168
26 years$1,194$899$668$490$356$145
27 years$1,138$847$620$448$321$125
28 years$1,085$798$577$411$289$108
29 years$1,037$753$537$377$261$93
30 years$991$711$500$346$236$81
31 years$949$672$466$318$213$70
32 years$909$636$435$292$193$60
33 years$872$602$406$268$175$52
34 years$837$571$379$247$158$45
35 years$804$541$355$227$143$39
36 years$773$514$332$209$130$34
37 years$744$488$310$193$118$29
38 years$717$464$291$178$107$25
39 years$691$441$272$164$97$22
40 years$666$419$255$151$88$19
41 years$642$399$239$139$80$17
42 years$620$380$225$129$72$14
43 years$599$362$211$119$66$12
44 years$579$345$198$110$60$11
45 years$559$329$186$101$54$9
46 years$541$314$174$94$49$8
47 years$524$300$164$86$45$7
48 years$507$286$154$80$40$6
49 years$491$273$145$74$37$5
50 years$475$261$136$68$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $487,000, adding $3,913 every year, while hoping to spend $25,795 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: 25/48/27 Blend
52$487,000$487,000$487,000$487,000
53$540,710$514,899$507,351$549,567
54$568,417$512,684$496,901$554,997
55$598,085$509,495$485,237$558,360
56$629,888$505,258$472,291$561,428
57$664,015$499,894$457,991$564,192
58$700,674$493,318$442,263$566,646
59$740,093$485,441$425,029$568,788
60$782,523$476,169$406,209$570,616
61$828,240$465,401$385,716$572,131
62$877,546$453,031$363,463$573,339
63$930,774$438,947$339,357$574,249
64$988,287$423,030$313,300$574,875
65$1,050,488$405,154$285,191$575,235
66$1,117,818$385,186$254,925$575,355
67$1,190,760$362,986$222,390$575,267
68$1,269,850$338,404$187,471$575,010
69$1,355,671$311,282$150,049$574,632
70$1,448,870$281,455$109,995$574,193
71$1,550,155$248,747$67,181$573,763
72$1,660,306$212,971$21,467$573,425
73$1,780,182$173,931$0$573,276
74$1,910,726$131,420$0$581,300
75$2,052,979$85,218$0$596,872
76$2,208,083$35,094$0$613,998
77$2,377,298$0$0$632,903
78$2,562,008$0$0$663,976
79$2,763,738$0$0$718,234
80$2,984,168$0$0$777,602
81$3,225,145$0$0$842,588
82$3,488,705$0$0$913,752
83$3,777,087$0$0$991,709
84$4,092,759$0$0$1,077,137
85$4,438,438$0$0$1,170,783
86$4,817,114$0$0$1,273,470
87$5,232,084$0$0$1,386,104
88$5,686,974$0$0$1,509,684
89$6,185,782$0$0$1,645,307
90$6,732,908$0$0$1,794,186
91$7,333,200$0$0$1,957,654
92$7,991,999$0$0$2,137,179
93$8,715,186$0$0$2,334,382
94$9,509,240$0$0$2,551,044
95$10,381,298$0$0$2,789,131
96$11,339,223$0$0$3,050,805
97$12,391,676$0$0$3,338,452
98$13,548,198$0$0$3,654,697
99$14,819,302$0$0$4,002,434
100$16,216,567$0$0$4,384,852