Can I retire at age 53 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$39,555$39,203$38,859$38,524$38,196$37,734
2 years$19,582$19,217$18,864$18,521$18,189$17,724
3 years$12,925$12,559$12,206$11,867$11,540$11,087
4 years$9,597$9,232$8,883$8,549$8,230$7,792
5 years$7,601$7,238$6,893$6,567$6,256$5,835
6 years$6,271$5,910$5,571$5,251$4,951$4,545
7 years$5,321$4,963$4,630$4,317$4,026$3,638
8 years$4,609$4,255$3,926$3,622$3,340$2,969
9 years$4,055$3,704$3,382$3,085$2,813$2,458
10 years$3,612$3,265$2,948$2,659$2,397$2,059
11 years$3,251$2,907$2,596$2,314$2,061$1,739
12 years$2,949$2,609$2,303$2,030$1,786$1,480
13 years$2,694$2,358$2,058$1,792$1,558$1,267
14 years$2,476$2,143$1,849$1,591$1,365$1,090
15 years$2,287$1,958$1,670$1,419$1,202$941
16 years$2,122$1,796$1,514$1,270$1,062$816
17 years$1,977$1,654$1,377$1,141$942$709
18 years$1,847$1,529$1,257$1,029$838$618
19 years$1,732$1,417$1,151$929$747$539
20 years$1,628$1,317$1,056$842$667$472
21 years$1,534$1,226$972$764$597$413
22 years$1,449$1,145$896$695$535$362
23 years$1,371$1,071$827$633$480$318
24 years$1,300$1,003$765$577$432$280
25 years$1,235$941$708$527$388$246
26 years$1,175$885$657$482$350$217
27 years$1,119$833$610$441$315$191
28 years$1,068$785$567$404$285$169
29 years$1,020$740$528$371$257$149
30 years$975$699$492$340$232$131
31 years$933$661$458$312$210$116
32 years$894$625$428$287$190$102
33 years$858$592$399$264$172$90
34 years$823$561$373$243$156$80
35 years$791$532$349$224$141$71
36 years$761$505$326$206$128$63
37 years$732$480$305$190$116$55
38 years$705$456$286$175$105$49
39 years$679$434$268$161$95$43
40 years$655$413$251$149$86$38
41 years$632$393$235$137$78$34
42 years$610$374$221$127$71$30
43 years$589$356$207$117$64$27
44 years$569$340$195$108$59$23
45 years$550$324$183$100$53$21
46 years$532$309$172$92$48$18
47 years$515$295$161$85$44$16
48 years$498$282$151$79$40$14
49 years$483$269$142$73$36$13
50 years$468$257$134$67$33$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $479,000, adding $6,019 every year, while hoping to spend $20,998 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: 67/11/22 Blend
52$479,000$479,000$479,000$479,000
53$534,067$508,680$501,255$566,486
54$566,200$511,263$495,705$591,563
55$600,907$513,270$489,266$616,013
56$638,428$514,648$481,885$642,256
57$679,027$515,346$473,508$670,469
58$722,995$515,305$464,078$700,846
59$770,651$514,466$453,535$733,603
60$822,347$512,764$441,818$768,978
61$878,467$510,130$428,860$807,233
62$939,438$506,493$414,593$848,657
63$1,005,725$501,776$398,947$893,571
64$1,077,844$495,898$381,846$942,328
65$1,156,359$488,772$363,213$995,317
66$1,241,892$480,307$342,965$1,052,970
67$1,335,129$470,405$321,019$1,115,761
68$1,436,823$458,966$297,283$1,184,214
69$1,547,803$445,879$271,666$1,258,909
70$1,668,982$431,031$244,071$1,340,483
71$1,801,366$414,299$214,395$1,429,643
72$1,946,060$395,555$182,532$1,527,166
73$2,104,284$374,663$148,372$1,633,911
74$2,277,378$351,478$111,800$1,750,825
75$2,466,818$325,848$72,693$1,878,954
76$2,674,232$297,613$30,926$2,019,450
77$2,901,409$266,602$0$2,173,588
78$3,150,323$232,635$0$2,345,974
79$3,423,144$195,523$0$2,542,910
80$3,722,265$155,063$0$2,758,870
81$4,050,320$111,045$0$2,995,777
82$4,410,210$63,244$0$3,255,745
83$4,805,132$11,424$0$3,541,107
84$5,238,607$0$0$3,854,433
85$5,714,511$0$0$4,203,962
86$6,237,117$0$0$4,589,342
87$6,811,130$0$0$5,012,662
88$7,441,734$0$0$5,477,749
89$8,134,639$0$0$5,988,820
90$8,896,137$0$0$6,550,520
91$9,733,159$0$0$7,167,964
92$10,653,339$0$0$7,846,789
93$11,665,091$0$0$8,593,208
94$12,777,683$0$0$9,414,061
95$14,001,325$0$0$10,316,889
96$15,347,269$0$0$11,309,997
97$16,827,911$0$0$12,402,536
98$18,456,907$0$0$13,604,591
99$20,249,306$0$0$14,927,270
100$22,221,689$0$0$16,382,815