Can I retire at age 53 with 462,000?

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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$38,152$37,812$37,480$37,157$36,841$35,604
2 years$18,887$18,535$18,194$17,864$17,543$16,310
3 years$12,466$12,113$11,773$11,445$11,130$9,938
4 years$9,256$8,904$8,568$8,246$7,938$6,797
5 years$7,331$6,981$6,649$6,334$6,034$4,947
6 years$6,048$5,701$5,373$5,065$4,775$3,742
7 years$5,132$4,787$4,465$4,164$3,883$2,905
8 years$4,445$4,104$3,787$3,493$3,221$2,297
9 years$3,911$3,573$3,262$2,975$2,713$1,842
10 years$3,484$3,149$2,844$2,565$2,312$1,492
11 years$3,135$2,804$2,503$2,232$1,988$1,218
12 years$2,845$2,516$2,222$1,958$1,723$1,000
13 years$2,599$2,274$1,985$1,729$1,502$826
14 years$2,388$2,067$1,783$1,534$1,317$685
15 years$2,206$1,888$1,610$1,368$1,160$570
16 years$2,047$1,733$1,460$1,225$1,025$475
17 years$1,906$1,596$1,328$1,101$909$397
18 years$1,782$1,474$1,213$992$808$333
19 years$1,670$1,366$1,110$896$720$279
20 years$1,570$1,270$1,019$812$643$234
21 years$1,480$1,183$937$737$576$197
22 years$1,398$1,104$864$670$516$166
23 years$1,323$1,033$798$610$463$139
24 years$1,254$967$738$557$416$118
25 years$1,191$908$683$508$375$99
26 years$1,133$853$634$465$337$84
27 years$1,079$803$588$425$304$70
28 years$1,030$757$547$390$274$59
29 years$983$714$509$357$248$50
30 years$940$674$474$328$224$42
31 years$900$637$442$301$202$36
32 years$863$603$412$277$183$30
33 years$827$571$385$255$166$26
34 years$794$541$360$234$150$22
35 years$763$513$336$216$136$18
36 years$734$487$315$199$123$15
37 years$706$463$294$183$112$13
38 years$680$440$276$169$101$11
39 years$655$418$258$156$92$9
40 years$632$398$242$143$83$8
41 years$609$379$227$132$76$7
42 years$588$361$213$122$69$6
43 years$568$344$200$113$62$5
44 years$549$328$188$104$56$4
45 years$531$312$176$96$51$3
46 years$513$298$165$89$47$3
47 years$497$284$155$82$42$2
48 years$481$272$146$76$38$2
49 years$466$259$137$70$35$2
50 years$451$248$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $462,000, adding $3,680 every year, while hoping to spend $27,558 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: 65/28/7 Blend
52$462,000$462,000$462,000$462,000
53$512,920$488,434$481,273$545,372
54$535,916$483,046$468,074$562,035
55$560,335$476,470$453,509$576,617
56$586,291$468,619$437,504$591,824
57$613,912$459,401$419,980$607,714
58$643,337$448,717$400,855$624,353
59$674,717$436,464$380,044$641,813
60$708,220$422,533$357,457$660,173
61$744,027$406,806$333,001$679,525
62$782,340$389,161$306,578$699,969
63$823,376$369,467$278,086$721,615
64$867,377$347,588$247,418$744,588
65$914,607$323,377$214,464$769,027
66$965,355$296,681$179,107$795,086
67$1,019,939$267,336$141,225$822,935
68$1,078,708$235,171$100,691$852,766
69$1,142,047$200,004$57,375$884,790
70$1,210,374$161,644$11,136$919,242
71$1,284,155$119,886$0$956,383
72$1,363,896$74,518$0$999,359
73$1,450,156$25,313$0$1,046,711
74$1,543,550$0$0$1,097,976
75$1,644,753$0$0$1,162,182
76$1,754,507$0$0$1,240,296
77$1,873,629$0$0$1,325,104
78$2,003,016$0$0$1,417,249
79$2,143,656$0$0$1,517,438
80$2,296,636$0$0$1,626,449
81$2,463,151$0$0$1,745,137
82$2,644,517$0$0$1,874,444
83$2,842,181$0$0$2,015,406
84$3,057,737$0$0$2,169,165
85$3,292,937$0$0$2,336,974
86$3,549,712$0$0$2,520,217
87$3,830,186$0$0$2,720,414
88$4,136,699$0$0$2,939,239
89$4,471,824$0$0$3,178,537
90$4,838,398$0$0$3,440,338
91$5,239,541$0$0$3,726,877
92$5,678,690$0$0$4,040,614
93$6,159,632$0$0$4,384,261
94$6,686,534$0$0$4,760,802
95$7,263,986$0$0$5,173,525
96$7,897,044$0$0$5,626,051
97$8,591,277$0$0$6,122,365
98$9,352,816$0$0$6,666,861
99$10,188,417$0$0$7,264,377
100$11,105,520$0$0$7,920,239