Can I retire at age 53 with 335,000?

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 $335,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$27,664$27,418$27,177$26,943$26,713$26,025
2 years$13,695$13,440$13,193$12,953$12,721$12,032
3 years$9,039$8,783$8,537$8,299$8,071$7,403
4 years$6,712$6,457$6,212$5,979$5,756$5,114
5 years$5,316$5,062$4,821$4,593$4,376$3,762
6 years$4,385$4,134$3,896$3,673$3,462$2,877
7 years$3,721$3,471$3,238$3,020$2,816$2,259
8 years$3,223$2,976$2,746$2,533$2,336$1,808
9 years$2,836$2,591$2,365$2,158$1,967$1,467
10 years$2,526$2,284$2,062$1,860$1,676$1,203
11 years$2,273$2,033$1,815$1,619$1,442$995
12 years$2,063$1,825$1,611$1,420$1,249$828
13 years$1,884$1,649$1,439$1,253$1,089$693
14 years$1,732$1,499$1,293$1,113$955$583
15 years$1,600$1,369$1,168$992$841$491
16 years$1,484$1,256$1,059$888$743$416
17 years$1,382$1,157$963$798$659$353
18 years$1,292$1,069$879$719$586$300
19 years$1,211$991$805$650$522$255
20 years$1,139$921$739$589$466$218
21 years$1,073$858$680$534$417$186
22 years$1,013$801$626$486$374$159
23 years$959$749$578$442$336$136
24 years$909$702$535$404$302$116
25 years$864$658$495$369$272$100
26 years$822$619$459$337$245$85
27 years$783$582$427$308$221$73
28 years$747$549$397$283$199$63
29 years$713$518$369$259$180$54
30 years$682$489$344$238$162$46
31 years$653$462$320$218$147$40
32 years$625$437$299$201$133$34
33 years$600$414$279$185$120$29
34 years$576$392$261$170$109$25
35 years$553$372$244$156$99$22
36 years$532$353$228$144$89$19
37 years$512$336$214$133$81$16
38 years$493$319$200$122$73$14
39 years$475$303$187$113$67$12
40 years$458$289$176$104$60$10
41 years$442$275$165$96$55$9
42 years$427$262$154$89$50$7
43 years$412$249$145$82$45$6
44 years$398$238$136$75$41$6
45 years$385$227$128$70$37$5
46 years$372$216$120$64$34$4
47 years$360$206$113$59$31$4
48 years$349$197$106$55$28$3
49 years$338$188$100$51$25$3
50 years$327$180$94$47$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $335,000, adding $3,464 every year, while hoping to spend $24,452 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: 42/31/27 Blend
52$335,000$335,000$335,000$335,000
53$372,743$354,988$349,796$385,328
54$384,746$346,366$335,497$386,074
55$397,154$336,501$319,900$384,312
56$409,982$325,308$302,935$381,932
57$423,247$312,695$284,530$378,893
58$436,965$298,564$264,608$375,148
59$451,154$282,813$243,092$370,652
60$465,834$265,333$219,898$365,354
61$481,025$246,009$194,939$359,202
62$496,746$224,721$168,127$352,142
63$513,021$201,338$139,366$344,116
64$529,872$175,727$108,557$335,063
65$547,324$147,743$75,600$324,919
66$565,404$117,236$40,385$313,617
67$584,140$84,044$2,802$301,087
68$603,559$48,000$0$287,255
69$623,694$8,924$0$282,791
70$644,579$0$0$278,427
71$666,247$0$0$284,688
72$688,737$0$0$294,352
73$712,088$0$0$304,390
74$736,344$0$0$314,824
75$761,551$0$0$325,672
76$787,757$0$0$336,956
77$815,014$0$0$348,701
78$843,379$0$0$360,931
79$872,912$0$0$373,673
80$903,678$0$0$386,957
81$935,746$0$0$400,814
82$969,192$0$0$415,277
83$1,004,097$0$0$430,383
84$1,040,547$0$0$446,172
85$1,078,638$0$0$462,685
86$1,118,470$0$0$479,970
87$1,160,154$0$0$498,075
88$1,203,809$0$0$517,056
89$1,249,565$0$0$536,970
90$1,297,561$0$0$557,881
91$1,347,950$0$0$579,858
92$1,400,897$0$0$602,977
93$1,456,581$0$0$627,320
94$1,515,198$0$0$652,974
95$1,576,961$0$0$680,038
96$1,642,100$0$0$708,617
97$1,710,868$0$0$738,827
98$1,783,541$0$0$770,792
99$1,860,419$0$0$804,651
100$1,941,830$0$0$840,554