Can I retire at age 53 with 285,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $285,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$23,535$23,325$23,121$22,921$22,726$22,461
2 years$11,651$11,434$11,224$11,020$10,822$10,555
3 years$7,690$7,472$7,262$7,061$6,866$6,605
4 years$5,710$5,493$5,285$5,087$4,897$4,645
5 years$4,522$4,307$4,102$3,907$3,723$3,480
6 years$3,731$3,517$3,315$3,125$2,945$2,712
7 years$3,166$2,953$2,755$2,569$2,395$2,172
8 years$2,742$2,531$2,336$2,155$1,987$1,774
9 years$2,413$2,204$2,012$1,836$1,674$1,469
10 years$2,149$1,943$1,754$1,582$1,426$1,231
11 years$1,934$1,730$1,544$1,377$1,226$1,041
12 years$1,755$1,552$1,371$1,208$1,063$886
13 years$1,603$1,403$1,224$1,066$927$759
14 years$1,473$1,275$1,100$947$812$654
15 years$1,361$1,165$993$844$715$565
16 years$1,263$1,069$901$756$632$490
17 years$1,176$984$820$679$561$426
18 years$1,099$910$748$612$498$371
19 years$1,030$843$685$553$444$324
20 years$969$783$629$501$397$284
21 years$913$730$578$455$355$249
22 years$862$681$533$413$318$219
23 years$816$637$492$376$286$192
24 years$774$597$455$343$257$169
25 years$735$560$421$314$231$149
26 years$699$526$391$287$208$131
27 years$666$495$363$262$188$116
28 years$635$467$337$240$169$102
29 years$607$440$314$220$153$90
30 years$580$416$292$202$138$80
31 years$555$393$273$186$125$70
32 years$532$372$254$171$113$62
33 years$510$352$238$157$102$55
34 years$490$334$222$144$93$49
35 years$471$317$207$133$84$43
36 years$453$301$194$123$76$38
37 years$436$285$182$113$69$34
38 years$419$271$170$104$62$30
39 years$404$258$159$96$57$26
40 years$390$245$149$88$51$23
41 years$376$234$140$82$47$21
42 years$363$223$131$75$42$18
43 years$350$212$123$70$38$16
44 years$339$202$116$64$35$14
45 years$327$193$109$59$32$13
46 years$317$184$102$55$29$11
47 years$306$175$96$51$26$10
48 years$297$167$90$47$24$9
49 years$287$160$85$43$21$8
50 years$278$153$80$40$20$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $285,000, adding $5,985 every year, while hoping to spend $21,355 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: 64/13/23 Blend
52$285,000$285,000$285,000$285,000
53$320,244$305,139$300,721$338,466
54$330,187$297,369$288,074$343,706
55$340,429$288,503$274,287$346,500
56$350,977$278,464$259,300$349,066
57$361,839$267,171$243,049$351,385
58$373,024$254,540$225,469$353,434
59$384,540$240,480$206,489$355,192
60$396,394$224,894$186,038$356,632
61$408,596$207,684$164,039$357,729
62$421,152$188,740$140,415$358,457
63$434,073$167,951$115,081$358,785
64$447,365$145,197$87,953$358,683
65$461,036$120,352$58,940$358,119
66$475,096$93,283$27,948$357,056
67$489,551$63,850$0$355,459
68$504,409$31,902$0$354,546
69$519,679$0$0$360,419
70$535,365$0$0$366,583
71$551,477$0$0$377,600
72$568,019$0$0$388,909
73$584,997$0$0$400,515
74$602,417$0$0$412,421
75$620,284$0$0$424,630
76$638,599$0$0$437,143
77$657,367$0$0$449,962
78$676,589$0$0$463,088
79$696,264$0$0$476,521
80$716,392$0$0$490,259
81$736,971$0$0$504,300
82$757,994$0$0$518,640
83$779,457$0$0$533,274
84$801,349$0$0$548,196
85$823,660$0$0$563,397
86$846,374$0$0$578,865
87$869,474$0$0$594,588
88$892,939$0$0$610,550
89$916,743$0$0$626,733
90$940,855$0$0$643,114
91$965,241$0$0$659,669
92$989,860$0$0$676,367
93$1,014,663$0$0$693,175
94$1,039,598$0$0$710,054
95$1,064,601$0$0$726,959
96$1,089,602$0$0$743,839
97$1,114,520$0$0$760,638
98$1,139,264$0$0$777,288
99$1,163,730$0$0$793,718
100$1,187,802$0$0$809,844