Can I retire at age 53 with 472,000?

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 $472,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$38,977$38,630$38,291$37,961$37,638$36,954
2 years$19,296$18,936$18,588$18,250$17,923$17,236
3 years$12,736$12,375$12,028$11,693$11,371$10,703
4 years$9,457$9,097$8,753$8,424$8,110$7,465
5 years$7,490$7,132$6,793$6,471$6,165$5,546
6 years$6,179$5,824$5,490$5,175$4,878$4,286
7 years$5,243$4,891$4,562$4,254$3,967$3,402
8 years$4,541$4,192$3,869$3,569$3,291$2,752
9 years$3,996$3,650$3,332$3,040$2,772$2,259
10 years$3,560$3,218$2,905$2,620$2,362$1,874
11 years$3,203$2,864$2,558$2,281$2,031$1,569
12 years$2,906$2,571$2,270$2,000$1,760$1,322
13 years$2,655$2,323$2,028$1,766$1,535$1,121
14 years$2,440$2,112$1,822$1,568$1,345$954
15 years$2,254$1,929$1,645$1,398$1,185$816
16 years$2,091$1,770$1,492$1,252$1,047$700
17 years$1,948$1,630$1,357$1,125$928$602
18 years$1,820$1,506$1,239$1,014$825$518
19 years$1,706$1,396$1,134$916$736$448
20 years$1,604$1,297$1,041$830$657$387
21 years$1,512$1,208$957$753$588$335
22 years$1,428$1,128$882$685$527$291
23 years$1,351$1,055$815$623$473$253
24 years$1,281$988$754$569$425$219
25 years$1,217$928$698$519$383$191
26 years$1,158$872$647$475$345$166
27 years$1,103$820$601$435$311$145
28 years$1,052$773$559$398$280$126
29 years$1,005$729$520$365$253$110
30 years$961$689$484$335$229$96
31 years$920$651$452$308$207$83
32 years$881$616$421$283$187$73
33 years$845$583$393$260$169$64
34 years$811$553$368$239$153$55
35 years$780$524$344$220$139$48
36 years$750$498$321$203$126$42
37 years$721$473$301$187$114$37
38 years$695$449$282$172$103$32
39 years$669$427$264$159$94$28
40 years$645$407$247$147$85$25
41 years$623$387$232$135$77$21
42 years$601$369$218$125$70$19
43 years$580$351$204$115$64$16
44 years$561$335$192$106$58$14
45 years$542$319$180$98$52$13
46 years$524$304$169$91$48$11
47 years$507$291$159$84$43$10
48 years$491$277$149$77$39$8
49 years$476$265$140$72$36$7
50 years$461$253$132$66$32$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $472,000, adding $4,643 every year, while hoping to spend $33,659 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: 52/34/14 Blend
52$472,000$472,000$472,000$472,000
53$524,933$499,917$492,601$550,026
54$542,664$488,600$473,290$556,377
55$561,074$475,601$452,205$559,323
56$580,199$460,800$429,249$561,769
57$600,074$444,075$404,324$563,676
58$620,739$425,291$377,326$565,004
59$642,234$404,310$348,146$565,711
60$664,605$380,984$316,671$565,755
61$687,898$355,156$282,783$565,089
62$712,165$326,661$246,359$563,666
63$737,463$295,323$207,268$561,437
64$763,849$260,959$165,376$558,351
65$791,388$223,373$120,543$554,354
66$820,149$182,358$72,621$549,391
67$850,208$137,696$21,457$543,405
68$881,644$89,158$0$536,338
69$914,544$36,500$0$533,080
70$949,005$0$0$532,359
71$985,128$0$0$538,611
72$1,023,023$0$0$559,511
73$1,062,813$0$0$581,470
74$1,104,628$0$0$604,563
75$1,148,610$0$0$628,871
76$1,194,914$0$0$654,482
77$1,243,710$0$0$681,491
78$1,295,180$0$0$710,002
79$1,349,526$0$0$740,131
80$1,406,965$0$0$772,000
81$1,467,737$0$0$805,746
82$1,532,101$0$0$841,516
83$1,600,342$0$0$879,473
84$1,672,771$0$0$919,794
85$1,749,727$0$0$962,671
86$1,831,581$0$0$1,008,318
87$1,918,742$0$0$1,056,965
88$2,011,653$0$0$1,108,866
89$2,110,804$0$0$1,164,301
90$2,216,727$0$0$1,223,573
91$2,330,009$0$0$1,287,017
92$2,451,293$0$0$1,355,000
93$2,581,281$0$0$1,427,923
94$2,720,746$0$0$1,506,228
95$2,870,536$0$0$1,590,398
96$3,031,582$0$0$1,680,966
97$3,204,904$0$0$1,778,515
98$3,391,625$0$0$1,883,685
99$3,592,975$0$0$1,997,182
100$3,810,308$0$0$2,119,778