Can I retire at age 53 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$39,638$39,285$38,940$38,604$38,276$38,115
2 years$19,623$19,257$18,903$18,560$18,227$18,064
3 years$12,952$12,585$12,232$11,891$11,564$11,404
4 years$9,617$9,251$8,901$8,567$8,247$8,093
5 years$7,617$7,253$6,908$6,580$6,269$6,120
6 years$6,284$5,923$5,583$5,262$4,961$4,817
7 years$5,332$4,974$4,639$4,326$4,034$3,896
8 years$4,618$4,264$3,934$3,629$3,347$3,214
9 years$4,064$3,712$3,389$3,091$2,819$2,691
10 years$3,620$3,272$2,954$2,665$2,402$2,279
11 years$3,257$2,913$2,601$2,319$2,065$1,948
12 years$2,955$2,614$2,308$2,034$1,790$1,678
13 years$2,700$2,363$2,062$1,796$1,561$1,454
14 years$2,481$2,148$1,853$1,594$1,368$1,266
15 years$2,292$1,962$1,673$1,422$1,205$1,108
16 years$2,127$1,800$1,517$1,273$1,065$973
17 years$1,981$1,658$1,380$1,144$944$856
18 years$1,851$1,532$1,260$1,031$839$756
19 years$1,735$1,420$1,153$931$748$669
20 years$1,631$1,319$1,059$844$668$594
21 years$1,537$1,229$974$766$598$527
22 years$1,452$1,147$897$696$536$469
23 years$1,374$1,073$829$634$481$418
24 years$1,303$1,005$766$578$433$373
25 years$1,238$943$710$528$389$333
26 years$1,177$887$658$483$351$298
27 years$1,121$834$611$442$316$266
28 years$1,070$786$568$405$285$238
29 years$1,022$742$529$371$258$214
30 years$977$700$493$341$233$192
31 years$935$662$459$313$210$172
32 years$896$627$428$288$190$154
33 years$860$593$400$265$172$138
34 years$825$562$374$243$156$124
35 years$793$533$349$224$141$112
36 years$762$506$327$206$128$100
37 years$734$481$306$190$116$90
38 years$706$457$287$175$105$81
39 years$681$435$268$162$95$73
40 years$656$413$252$149$86$66
41 years$633$394$236$137$78$59
42 years$611$375$221$127$71$53
43 years$590$357$208$117$65$48
44 years$570$340$195$108$59$43
45 years$551$325$183$100$53$39
46 years$533$310$172$92$48$35
47 years$516$295$162$85$44$31
48 years$500$282$152$79$40$28
49 years$484$269$143$73$36$25
50 years$469$257$134$67$33$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $480,000, adding $2,912 every year, while hoping to spend $41,108 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: 64/14/22 Blend
52$480,000$480,000$480,000$480,000
53$531,964$506,524$499,084$562,809
54$542,485$487,605$472,064$565,025
55$552,703$466,381$442,762$562,561
56$562,541$442,696$411,057$558,925
57$571,916$416,385$376,824$554,007
58$580,736$387,272$339,932$547,684
59$588,896$355,173$300,245$539,825
60$596,279$319,893$257,619$530,287
61$602,756$281,224$211,905$518,914
62$608,182$238,948$162,948$505,537
63$612,395$192,835$110,586$489,971
64$615,217$142,641$54,648$472,016
65$616,447$88,109$0$451,453
66$615,865$28,967$0$429,229
67$613,225$0$0$417,666
68$608,254$0$0$409,090
69$600,649$0$0$403,099
70$590,074$0$0$394,994
71$576,158$0$0$384,513
72$558,487$0$0$371,362
73$536,607$0$0$355,221
74$510,011$0$0$335,731
75$478,141$0$0$312,499
76$440,377$0$0$285,086
77$396,035$0$0$253,009
78$344,359$0$0$215,734
79$284,512$0$0$172,670
80$215,568$0$0$123,164
81$136,507$0$0$66,494
82$46,198$0$0$1,863
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0