Can I retire at age 53 with 223,000?

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 $223,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$18,415$18,251$18,091$17,935$17,782$17,685
2 years$9,116$8,947$8,782$8,623$8,468$8,370
3 years$6,017$5,847$5,683$5,525$5,372$5,276
4 years$4,468$4,298$4,135$3,980$3,832$3,739
5 years$3,539$3,370$3,209$3,057$2,913$2,823
6 years$2,919$2,752$2,594$2,445$2,305$2,218
7 years$2,477$2,311$2,155$2,010$1,874$1,791
8 years$2,146$1,981$1,828$1,686$1,555$1,475
9 years$1,888$1,725$1,574$1,436$1,310$1,233
10 years$1,682$1,520$1,373$1,238$1,116$1,042
11 years$1,513$1,353$1,208$1,077$960$889
12 years$1,373$1,215$1,072$945$832$765
13 years$1,254$1,098$958$834$725$661
14 years$1,153$998$861$741$636$575
15 years$1,065$911$777$661$560$502
16 years$988$836$705$591$495$440
17 years$920$770$641$531$439$386
18 years$860$712$585$479$390$340
19 years$806$660$536$433$348$301
20 years$758$613$492$392$310$266
21 years$714$571$452$356$278$236
22 years$675$533$417$323$249$209
23 years$638$498$385$295$224$186
24 years$605$467$356$269$201$166
25 years$575$438$330$245$181$148
26 years$547$412$306$224$163$132
27 years$521$388$284$205$147$118
28 years$497$365$264$188$132$105
29 years$475$345$246$173$120$94
30 years$454$325$229$158$108$84
31 years$435$308$213$145$98$75
32 years$416$291$199$134$88$67
33 years$399$276$186$123$80$60
34 years$383$261$174$113$72$54
35 years$368$248$162$104$66$48
36 years$354$235$152$96$59$43
37 years$341$223$142$88$54$39
38 years$328$212$133$81$49$35
39 years$316$202$125$75$44$31
40 years$305$192$117$69$40$28
41 years$294$183$110$64$36$25
42 years$284$174$103$59$33$23
43 years$274$166$96$54$30$20
44 years$265$158$91$50$27$18
45 years$256$151$85$46$25$16
46 years$248$144$80$43$22$15
47 years$240$137$75$40$20$13
48 years$232$131$71$37$19$12
49 years$225$125$66$34$17$11
50 years$218$120$62$31$15$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $223,000, adding $3,883 every year, while hoping to spend $20,139 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: 53/41/6 Blend
52$223,000$223,000$223,000$223,000
53$249,751$237,932$234,476$262,437
54$253,798$228,163$220,903$261,694
55$257,583$217,241$206,201$258,347
56$261,057$205,086$190,309$254,216
57$264,168$191,618$173,168$249,232
58$266,855$176,750$154,711$243,319
59$269,053$160,389$134,872$236,393
60$270,686$142,437$113,580$228,366
61$271,672$122,794$90,761$219,141
62$271,921$101,349$66,340$208,613
63$271,330$77,988$40,235$196,667
64$269,787$52,590$12,364$183,182
65$267,165$25,027$0$168,023
66$263,327$0$0$152,159
67$258,118$0$0$137,418
68$251,368$0$0$133,055
69$242,887$0$0$127,668
70$232,466$0$0$121,135
71$219,874$0$0$113,319
72$204,853$0$0$104,071
73$187,121$0$0$93,223
74$166,364$0$0$80,594
75$142,234$0$0$65,978
76$114,348$0$0$49,153
77$82,283$0$0$29,870
78$45,569$0$0$7,854
79$3,690$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
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