Can I retire at age 53 with 268,000?

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 $268,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$22,131$21,934$21,742$21,554$21,371$20,523
2 years$10,956$10,752$10,554$10,363$10,177$9,333
3 years$7,231$7,027$6,829$6,639$6,456$5,643
4 years$5,370$5,165$4,970$4,783$4,605$3,829
5 years$4,253$4,050$3,857$3,674$3,500$2,763
6 years$3,508$3,307$3,117$2,938$2,770$2,072
7 years$2,977$2,777$2,590$2,416$2,253$1,594
8 years$2,579$2,380$2,197$2,026$1,869$1,248
9 years$2,269$2,073$1,892$1,726$1,574$991
10 years$2,021$1,827$1,650$1,488$1,341$795
11 years$1,819$1,626$1,452$1,295$1,153$642
12 years$1,650$1,460$1,289$1,136$999$522
13 years$1,508$1,319$1,151$1,003$871$426
14 years$1,385$1,199$1,035$890$764$349
15 years$1,280$1,095$934$794$673$287
16 years$1,187$1,005$847$711$594$237
17 years$1,106$926$771$639$527$196
18 years$1,034$855$703$576$469$162
19 years$969$793$644$520$418$134
20 years$911$737$591$471$373$111
21 years$858$686$544$427$334$92
22 years$811$640$501$389$299$77
23 years$767$599$463$354$269$64
24 years$727$561$428$323$241$53
25 years$691$527$396$295$217$44
26 years$657$495$368$270$196$37
27 years$626$466$341$247$176$31
28 years$597$439$317$226$159$26
29 years$571$414$295$207$144$21
30 years$546$391$275$190$130$18
31 years$522$370$256$175$117$15
32 years$500$350$239$161$106$12
33 years$480$331$223$148$96$10
34 years$461$314$209$136$87$9
35 years$443$298$195$125$79$7
36 years$426$283$183$115$71$6
37 years$410$268$171$106$65$5
38 years$394$255$160$98$59$4
39 years$380$243$150$90$53$3
40 years$366$231$140$83$48$3
41 years$353$220$132$77$44$2
42 years$341$209$124$71$40$2
43 years$330$199$116$65$36$2
44 years$318$190$109$60$33$1
45 years$308$181$102$56$30$1
46 years$298$173$96$52$27$1
47 years$288$165$90$48$25$1
48 years$279$158$85$44$22$1
49 years$270$150$80$41$20$1
50 years$262$144$75$38$18$0

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $268,000, adding $4,833 every year, while hoping to spend $21,348 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: 55/31/14 Blend
52$268,000$268,000$268,000$268,000
53$300,321$286,117$281,963$315,486
54$308,240$277,423$268,695$317,643
55$316,251$267,587$254,267$317,266
56$324,341$256,531$238,617$316,366
57$332,495$244,172$221,682$314,897
58$340,695$230,423$203,394$312,809
59$348,922$215,189$183,683$310,051
60$357,152$198,374$162,477$306,566
61$365,360$179,872$139,698$302,295
62$373,516$159,576$115,268$297,170
63$381,587$137,367$89,102$291,124
64$389,536$113,125$61,113$284,081
65$397,319$86,719$31,212$275,959
66$404,891$58,013$0$266,672
67$412,196$26,862$0$256,232
68$419,176$0$0$249,414
69$425,763$0$0$243,808
70$431,882$0$0$247,068
71$437,451$0$0$249,981
72$442,376$0$0$252,488
73$446,552$0$0$254,527
74$449,864$0$0$256,026
75$452,184$0$0$256,908
76$453,369$0$0$257,086
77$453,258$0$0$256,461
78$451,676$0$0$254,927
79$448,427$0$0$252,364
80$443,293$0$0$248,640
81$436,032$0$0$243,608
82$426,378$0$0$237,106
83$414,034$0$0$228,952
84$398,672$0$0$218,949
85$379,928$0$0$206,874
86$357,402$0$0$192,484
87$330,648$0$0$175,508
88$299,174$0$0$155,647
89$262,436$0$0$132,571
90$219,831$0$0$105,914
91$170,696$0$0$75,272
92$114,295$0$0$40,200
93$49,817$0$0$203
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