Can I retire at age 53 with 339,000?

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 $339,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$27,994$27,745$27,502$27,264$27,032$26,795
2 years$13,859$13,600$13,350$13,108$12,873$12,633
3 years$9,147$8,888$8,639$8,398$8,167$7,933
4 years$6,792$6,534$6,287$6,050$5,825$5,598
5 years$5,379$5,122$4,879$4,647$4,428$4,209
6 years$4,438$4,183$3,943$3,717$3,504$3,293
7 years$3,766$3,513$3,276$3,056$2,849$2,648
8 years$3,262$3,011$2,779$2,563$2,364$2,171
9 years$2,870$2,622$2,393$2,183$1,991$1,806
10 years$2,557$2,311$2,086$1,882$1,696$1,520
11 years$2,301$2,057$1,837$1,638$1,459$1,290
12 years$2,087$1,846$1,630$1,437$1,264$1,104
13 years$1,907$1,669$1,456$1,268$1,102$950
14 years$1,752$1,517$1,309$1,126$966$821
15 years$1,619$1,386$1,182$1,004$851$713
16 years$1,502$1,271$1,071$899$752$621
17 years$1,399$1,171$975$808$667$543
18 years$1,307$1,082$890$728$593$476
19 years$1,226$1,003$815$658$528$418
20 years$1,152$932$748$596$472$368
21 years$1,086$868$688$541$422$324
22 years$1,025$810$634$492$379$286
23 years$971$758$585$448$340$253
24 years$920$710$541$408$305$223
25 years$874$666$501$373$275$198
26 years$831$626$465$341$248$175
27 years$792$589$432$312$223$156
28 years$756$555$401$286$201$138
29 years$722$524$373$262$182$123
30 years$690$495$348$241$164$109
31 years$661$468$324$221$149$97
32 years$633$442$303$203$134$86
33 years$607$419$283$187$122$77
34 years$583$397$264$172$110$68
35 years$560$377$247$158$100$61
36 years$538$358$231$146$90$54
37 years$518$340$216$134$82$48
38 years$499$323$202$124$74$43
39 years$481$307$190$114$67$38
40 years$463$292$178$105$61$34
41 years$447$278$167$97$55$30
42 years$432$265$156$90$50$27
43 years$417$252$147$83$46$24
44 years$403$240$138$76$41$21
45 years$389$229$129$71$38$19
46 years$377$219$121$65$34$17
47 years$364$209$114$60$31$15
48 years$353$199$107$56$28$14
49 years$342$190$101$51$26$12
50 years$331$182$95$48$23$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $339,000, adding $6,966 every year, while hoping to spend $20,875 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: 36/39/25 Blend
52$339,000$339,000$339,000$339,000
53$380,763$362,796$357,542$391,399
54$397,390$358,363$347,309$395,424
55$415,014$353,012$336,033$397,358
56$433,713$346,677$323,658$399,034
57$453,575$339,288$310,124$400,442
58$474,695$330,769$295,369$401,572
59$497,178$321,040$279,327$402,417
60$521,137$310,017$261,931$402,971
61$546,696$297,612$243,110$403,227
62$573,994$283,729$222,788$403,182
63$603,179$268,270$200,889$402,835
64$634,416$251,128$177,332$402,187
65$667,886$232,192$152,032$401,243
66$703,785$211,344$124,900$400,009
67$742,330$188,460$95,843$398,496
68$783,761$163,407$64,767$396,721
69$828,337$136,047$31,569$394,703
70$876,346$106,232$0$392,471
71$928,102$73,806$0$391,085
72$983,953$38,607$0$398,611
73$1,044,277$460$0$406,699
74$1,109,493$0$0$415,440
75$1,180,061$0$0$442,453
76$1,256,484$0$0$471,963
77$1,339,319$0$0$503,990
78$1,429,174$0$0$538,776
79$1,526,723$0$0$576,587
80$1,632,701$0$0$617,714
81$1,747,923$0$0$662,479
82$1,873,281$0$0$711,236
83$2,009,758$0$0$764,374
84$2,158,436$0$0$822,320
85$2,320,506$0$0$885,546
86$2,497,276$0$0$954,570
87$2,690,189$0$0$1,029,964
88$2,900,833$0$0$1,112,356
89$3,130,954$0$0$1,202,438
90$3,382,476$0$0$1,300,972
91$3,657,516$0$0$1,408,797
92$3,958,406$0$0$1,526,836
93$4,287,713$0$0$1,656,107
94$4,648,265$0$0$1,797,731
95$5,043,174$0$0$1,952,940
96$5,475,868$0$0$2,123,093
97$5,950,123$0$0$2,309,686
98$6,470,097$0$0$2,514,369
99$7,040,370$0$0$2,738,956
100$7,665,987$0$0$2,985,446