Can I retire at age 53 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$39,225$38,876$38,535$38,202$37,877$36,917
2 years$19,418$19,057$18,706$18,366$18,037$17,075
3 years$12,817$12,454$12,104$11,768$11,443$10,511
4 years$9,517$9,155$8,809$8,478$8,161$7,265
5 years$7,537$7,178$6,836$6,512$6,204$5,347
6 years$6,218$5,861$5,524$5,208$4,909$4,091
7 years$5,276$4,922$4,591$4,281$3,992$3,214
8 years$4,570$4,219$3,893$3,592$3,312$2,573
9 years$4,021$3,673$3,353$3,059$2,789$2,089
10 years$3,582$3,238$2,924$2,637$2,377$1,715
11 years$3,223$2,883$2,574$2,295$2,044$1,419
12 years$2,925$2,587$2,284$2,013$1,771$1,182
13 years$2,672$2,338$2,041$1,777$1,545$990
14 years$2,456$2,125$1,834$1,578$1,354$833
15 years$2,268$1,941$1,656$1,407$1,192$703
16 years$2,104$1,781$1,501$1,260$1,054$595
17 years$1,960$1,640$1,366$1,132$934$505
18 years$1,832$1,516$1,247$1,020$831$430
19 years$1,717$1,405$1,141$922$740$366
20 years$1,614$1,306$1,048$835$661$312
21 years$1,521$1,216$964$758$592$267
22 years$1,437$1,135$888$689$530$228
23 years$1,360$1,062$820$627$476$195
24 years$1,289$995$758$572$428$167
25 years$1,225$933$702$523$385$144
26 years$1,165$877$651$478$347$123
27 years$1,110$826$605$437$313$106
28 years$1,059$778$562$401$282$91
29 years$1,011$734$523$367$255$78
30 years$967$693$487$337$230$67
31 years$926$655$454$310$208$57
32 years$887$620$424$285$188$49
33 years$851$587$396$262$170$42
34 years$817$556$370$241$154$37
35 years$785$528$346$222$140$31
36 years$754$501$323$204$127$27
37 years$726$476$303$188$115$23
38 years$699$452$284$173$104$20
39 years$674$430$266$160$94$17
40 years$649$409$249$147$86$15
41 years$626$389$233$136$78$13
42 years$605$371$219$126$70$11
43 years$584$353$206$116$64$9
44 years$564$337$193$107$58$8
45 years$546$321$181$99$53$7
46 years$528$306$170$91$48$6
47 years$511$292$160$84$43$5
48 years$494$279$150$78$39$4
49 years$479$267$141$72$36$4
50 years$464$255$133$67$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $475,000, adding $5,059 every year, while hoping to spend $29,524 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: 34/49/17 Blend
52$475,000$475,000$475,000$475,000
53$528,668$503,493$496,131$543,714
54$551,179$496,751$481,338$548,442
55$574,997$488,689$465,060$550,426
56$600,223$479,211$447,216$551,937
57$626,969$468,216$427,721$552,949
58$655,358$455,597$406,488$553,438
59$685,522$441,238$383,422$553,379
60$717,607$425,021$358,429$552,748
61$751,773$406,817$331,406$551,522
62$788,194$386,492$302,249$549,677
63$827,062$363,902$270,847$547,193
64$868,587$338,898$237,084$544,051
65$912,998$311,319$200,842$540,235
66$960,547$280,996$161,993$535,728
67$1,011,510$247,753$120,407$530,522
68$1,066,190$211,399$75,947$524,607
69$1,124,921$171,737$28,471$517,982
70$1,188,066$128,555$0$510,650
71$1,256,027$81,632$0$506,644
72$1,329,243$30,734$0$507,728
73$1,408,198$0$0$508,785
74$1,493,423$0$0$523,030
75$1,585,501$0$0$556,379
76$1,685,072$0$0$592,500
77$1,792,843$0$0$631,655
78$1,909,586$0$0$674,134
79$2,036,155$0$0$720,254
80$2,173,484$0$0$770,365
81$2,322,605$0$0$824,852
82$2,484,651$0$0$884,137
83$2,660,867$0$0$948,687
84$2,852,624$0$0$1,019,014
85$3,061,432$0$0$1,095,681
86$3,288,950$0$0$1,179,309
87$3,537,006$0$0$1,270,581
88$3,807,609$0$0$1,370,249
89$4,102,974$0$0$1,479,140
90$4,425,535$0$0$1,598,166
91$4,777,977$0$0$1,728,328
92$5,163,249$0$0$1,870,733
93$5,584,604$0$0$2,026,596
94$6,045,621$0$0$2,197,255
95$6,550,239$0$0$2,384,186
96$7,102,800$0$0$2,589,013
97$7,708,082$0$0$2,813,523
98$8,371,347$0$0$3,059,688
99$9,098,392$0$0$3,329,675
100$9,895,601$0$0$3,625,875