Can I retire at age 53 with 464,000?

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 $464,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$38,317$37,975$37,642$37,317$37,000$35,989
2 years$18,969$18,615$18,273$17,941$17,619$16,608
3 years$12,520$12,165$11,824$11,495$11,178$10,198
4 years$9,297$8,943$8,605$8,282$7,972$7,032
5 years$7,363$7,011$6,678$6,361$6,061$5,161
6 years$6,074$5,725$5,397$5,087$4,795$3,939
7 years$5,154$4,808$4,485$4,182$3,900$3,086
8 years$4,464$4,121$3,803$3,508$3,235$2,463
9 years$3,928$3,588$3,276$2,988$2,725$1,994
10 years$3,499$3,163$2,856$2,576$2,322$1,631
11 years$3,149$2,816$2,514$2,242$1,997$1,345
12 years$2,857$2,527$2,231$1,966$1,730$1,117
13 years$2,610$2,284$1,994$1,736$1,509$932
14 years$2,399$2,076$1,791$1,541$1,323$782
15 years$2,216$1,897$1,617$1,374$1,165$658
16 years$2,056$1,740$1,466$1,231$1,029$555
17 years$1,915$1,603$1,334$1,106$913$469
18 years$1,789$1,481$1,218$996$811$398
19 years$1,678$1,372$1,115$900$723$337
20 years$1,577$1,275$1,023$815$646$287
21 years$1,486$1,188$941$740$578$244
22 years$1,404$1,109$867$673$518$208
23 years$1,328$1,037$801$613$465$177
24 years$1,260$972$741$559$418$151
25 years$1,196$912$686$510$376$129
26 years$1,138$857$636$467$339$110
27 years$1,084$807$591$427$306$94
28 years$1,034$760$549$391$276$81
29 years$988$717$511$359$249$69
30 years$945$677$476$329$225$59
31 years$904$640$444$303$203$51
32 years$866$606$414$278$184$43
33 years$831$574$387$256$166$37
34 years$798$544$361$235$151$32
35 years$766$516$338$217$137$27
36 years$737$489$316$199$124$23
37 years$709$465$296$184$112$20
38 years$683$442$277$169$102$17
39 years$658$420$259$156$92$15
40 years$634$400$243$144$84$13
41 years$612$380$228$133$76$11
42 years$591$362$214$123$69$9
43 years$571$345$201$113$62$8
44 years$551$329$188$105$57$7
45 years$533$314$177$97$51$6
46 years$515$299$166$89$47$5
47 years$499$286$156$82$42$4
48 years$483$273$147$76$39$4
49 years$468$260$138$70$35$3
50 years$453$249$130$65$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $464,000, adding $6,282 every year, while hoping to spend $32,477 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: 60/29/11 Blend
52$464,000$464,000$464,000$464,000
53$517,808$493,216$486,024$547,157
54$536,069$482,828$467,750$557,239
55$555,104$470,843$447,776$563,995
56$574,958$457,148$426,010$570,570
57$595,679$441,623$402,357$576,951
58$617,319$424,144$376,717$583,121
59$639,934$404,575$348,985$589,066
60$663,585$382,777$319,053$594,771
61$688,337$358,599$286,808$600,219
62$714,261$331,884$252,130$605,398
63$741,435$302,465$214,895$610,293
64$769,941$270,166$174,974$614,891
65$799,870$234,799$132,231$619,180
66$831,322$196,169$86,525$623,149
67$864,402$154,067$37,709$626,788
68$899,227$108,272$0$630,092
69$935,924$58,553$0$634,742
70$974,631$4,665$0$643,882
71$1,015,498$0$0$653,101
72$1,058,689$0$0$679,546
73$1,104,384$0$0$709,114
74$1,152,777$0$0$740,447
75$1,204,083$0$0$773,685
76$1,258,534$0$0$808,980
77$1,316,385$0$0$846,502
78$1,377,916$0$0$886,434
79$1,443,432$0$0$928,976
80$1,513,266$0$0$974,350
81$1,587,786$0$0$1,022,797
82$1,667,393$0$0$1,074,580
83$1,752,525$0$0$1,129,991
84$1,843,665$0$0$1,189,346
85$1,941,341$0$0$1,252,995
86$2,046,133$0$0$1,321,319
87$2,158,678$0$0$1,394,738
88$2,279,673$0$0$1,473,714
89$2,409,885$0$0$1,558,752
90$2,550,156$0$0$1,650,407
91$2,701,410$0$0$1,749,290
92$2,864,662$0$0$1,856,070
93$3,041,030$0$0$1,971,486
94$3,231,738$0$0$2,096,346
95$3,438,135$0$0$2,231,541
96$3,661,702$0$0$2,378,048
97$3,904,069$0$0$2,536,945
98$4,167,027$0$0$2,709,413
99$4,452,546$0$0$2,896,754
100$4,762,792$0$0$3,100,401