Can I retire at age 53 with 473,000?

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 $473,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$39,060$38,712$38,373$38,041$37,718$37,464
2 years$19,337$18,976$18,627$18,289$17,961$17,705
3 years$12,763$12,401$12,053$11,718$11,395$11,145
4 years$9,477$9,116$8,772$8,442$8,127$7,885
5 years$7,506$7,147$6,807$6,484$6,178$5,944
6 years$6,192$5,836$5,501$5,186$4,888$4,663
7 years$5,254$4,901$4,572$4,263$3,976$3,759
8 years$4,551$4,201$3,877$3,576$3,298$3,091
9 years$4,004$3,658$3,339$3,046$2,778$2,579
10 years$3,567$3,224$2,911$2,626$2,367$2,177
11 years$3,210$2,870$2,563$2,285$2,035$1,854
12 years$2,912$2,576$2,275$2,005$1,764$1,591
13 years$2,661$2,328$2,032$1,770$1,538$1,373
14 years$2,445$2,116$1,826$1,571$1,348$1,191
15 years$2,259$1,933$1,649$1,401$1,187$1,038
16 years$2,096$1,774$1,495$1,254$1,049$907
17 years$1,952$1,634$1,360$1,127$930$796
18 years$1,824$1,510$1,242$1,016$827$700
19 years$1,710$1,399$1,137$918$737$617
20 years$1,608$1,300$1,043$831$659$545
21 years$1,515$1,211$959$754$589$482
22 years$1,431$1,130$884$686$528$427
23 years$1,354$1,057$817$625$474$379
24 years$1,284$991$755$570$426$336
25 years$1,219$930$699$520$384$299
26 years$1,160$874$649$476$345$266
27 years$1,105$822$602$435$311$237
28 years$1,054$775$560$399$281$211
29 years$1,007$731$521$366$254$188
30 years$963$690$485$336$229$168
31 years$922$653$452$308$207$150
32 years$883$617$422$283$188$134
33 years$847$585$394$261$170$119
34 years$813$554$368$240$154$107
35 years$781$526$344$221$139$95
36 years$751$499$322$203$126$85
37 years$723$474$302$187$114$76
38 years$696$450$282$173$104$68
39 years$671$428$265$159$94$61
40 years$647$407$248$147$85$55
41 years$624$388$232$135$77$49
42 years$602$369$218$125$70$44
43 years$582$352$205$115$64$39
44 years$562$335$192$107$58$35
45 years$543$320$180$98$52$31
46 years$525$305$169$91$48$28
47 years$508$291$159$84$43$25
48 years$492$278$150$78$39$23
49 years$477$265$141$72$36$20
50 years$462$254$132$66$32$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $473,000, adding $4,680 every year, while hoping to spend $24,581 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: 48/37/15 Blend
52$473,000$473,000$473,000$473,000
53$526,073$501,004$493,673$548,910
54$553,579$499,400$484,057$563,580
55$583,066$496,892$473,295$576,596
56$614,711$493,412$461,323$590,189
57$648,708$488,885$448,073$604,424
58$685,267$483,232$433,475$619,371
59$724,624$476,370$417,455$635,109
60$767,032$468,209$399,937$651,727
61$812,774$458,656$380,839$669,326
62$862,158$447,611$360,078$688,016
63$915,523$434,969$337,566$707,924
64$973,242$420,618$313,211$729,188
65$1,035,725$404,441$286,916$751,965
66$1,103,423$386,312$258,581$776,429
67$1,176,831$366,100$228,102$802,775
68$1,256,493$343,664$195,369$831,220
69$1,343,009$318,858$160,267$862,005
70$1,437,038$291,524$122,678$895,401
71$1,539,304$261,497$82,477$931,707
72$1,650,606$228,603$39,532$971,257
73$1,771,821$192,658$0$1,014,424
74$1,903,915$153,466$0$1,062,627
75$2,047,950$110,822$0$1,122,138
76$2,205,097$64,508$0$1,187,155
77$2,376,643$14,295$0$1,258,272
78$2,564,005$0$0$1,336,143
79$2,768,744$0$0$1,437,804
80$2,992,577$0$0$1,555,361
81$3,237,396$0$0$1,683,991
82$3,505,284$0$0$1,824,796
83$3,798,532$0$0$1,978,988
84$4,119,667$0$0$2,147,902
85$4,471,469$0$0$2,333,007
86$4,856,999$0$0$2,535,922
87$5,279,631$0$0$2,758,431
88$5,743,079$0$0$3,002,496
89$6,251,434$0$0$3,270,282
90$6,809,202$0$0$3,564,169
91$7,421,346$0$0$3,886,784
92$8,093,333$0$0$4,241,015
93$8,831,185$0$0$4,630,049
94$9,641,537$0$0$5,057,392
95$10,531,697$0$0$5,526,909
96$11,509,714$0$0$6,042,857
97$12,584,458$0$0$6,609,926
98$13,765,700$0$0$7,233,283
99$15,064,204$0$0$7,918,621
100$16,491,830$0$0$8,672,211