Can I retire at age 53 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$37,161$36,830$36,507$36,191$35,884$35,717
2 years$18,396$18,054$17,722$17,400$17,087$16,920
3 years$12,142$11,798$11,467$11,148$10,841$10,677
4 years$9,016$8,673$8,345$8,032$7,732$7,573
5 years$7,141$6,800$6,476$6,169$5,878$5,724
6 years$5,891$5,552$5,234$4,933$4,651$4,502
7 years$4,999$4,663$4,349$4,056$3,782$3,640
8 years$4,330$3,997$3,688$3,403$3,138$3,001
9 years$3,810$3,480$3,177$2,898$2,642$2,511
10 years$3,394$3,068$2,770$2,498$2,252$2,126
11 years$3,054$2,731$2,438$2,174$1,936$1,816
12 years$2,771$2,451$2,164$1,907$1,678$1,563
13 years$2,531$2,215$1,933$1,684$1,463$1,354
14 years$2,326$2,013$1,737$1,495$1,283$1,178
15 years$2,149$1,839$1,568$1,333$1,129$1,030
16 years$1,994$1,688$1,422$1,193$998$904
17 years$1,857$1,554$1,294$1,072$885$795
18 years$1,735$1,436$1,181$966$787$702
19 years$1,627$1,331$1,081$873$701$621
20 years$1,529$1,237$992$791$627$550
21 years$1,441$1,152$913$718$561$488
22 years$1,361$1,075$841$653$503$434
23 years$1,288$1,006$777$594$451$387
24 years$1,222$942$718$542$405$345
25 years$1,160$884$665$495$365$307
26 years$1,104$831$617$453$329$275
27 years$1,051$782$573$414$296$245
28 years$1,003$737$533$380$267$220
29 years$958$695$496$348$241$197
30 years$916$657$462$319$218$176
31 years$877$621$430$293$197$158
32 years$840$587$402$270$178$141
33 years$806$556$375$248$161$127
34 years$774$527$350$228$146$114
35 years$743$500$328$210$132$102
36 years$715$475$306$193$120$92
37 years$688$451$287$178$109$82
38 years$662$428$269$164$99$74
39 years$638$407$252$151$89$66
40 years$615$388$236$140$81$60
41 years$594$369$221$129$74$54
42 years$573$351$207$119$67$48
43 years$553$335$195$110$61$43
44 years$535$319$183$101$55$39
45 years$517$304$172$94$50$35
46 years$500$290$161$86$45$32
47 years$484$277$151$80$41$28
48 years$468$264$142$74$37$26
49 years$454$253$134$68$34$23
50 years$439$241$126$63$31$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $450,000, adding $6,284 every year, while hoping to spend $38,052 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: 61/11/28 Blend
52$450,000$450,000$450,000$450,000
53$502,382$478,532$471,557$528,889
54$513,138$461,493$446,867$530,625
55$523,716$442,344$420,075$527,871
56$534,057$420,941$391,069$524,060
57$544,096$397,132$359,735$519,098
58$553,759$370,757$325,952$512,882
59$562,964$341,646$289,593$505,300
60$571,619$309,619$250,527$496,232
61$579,620$274,486$208,616$485,547
62$586,853$236,048$163,716$473,103
63$593,189$194,091$115,678$458,745
64$598,485$148,393$64,344$442,307
65$602,583$98,716$9,552$423,608
66$605,305$44,812$0$402,449
67$606,454$0$0$393,234
68$605,811$0$0$386,752
69$603,135$0$0$384,307
70$598,154$0$0$380,294
71$590,571$0$0$374,509
72$580,053$0$0$366,731
73$566,234$0$0$356,711
74$548,706$0$0$344,175
75$527,019$0$0$328,819
76$500,674$0$0$310,307
77$469,118$0$0$288,268
78$431,741$0$0$262,289
79$387,867$0$0$231,916
80$336,748$0$0$196,646
81$277,559$0$0$155,921
82$209,387$0$0$109,128
83$131,221$0$0$55,588
84$41,947$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0