Can I retire at age 53 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$32,288$32,001$31,720$31,446$31,179$30,562
2 years$15,984$15,687$15,398$15,118$14,847$14,228
3 years$10,550$10,251$9,964$9,687$9,420$8,818
4 years$7,834$7,536$7,251$6,979$6,718$6,138
5 years$6,204$5,908$5,627$5,360$5,107$4,551
6 years$5,119$4,825$4,547$4,287$4,041$3,509
7 years$4,343$4,052$3,779$3,524$3,286$2,779
8 years$3,762$3,473$3,205$2,956$2,726$2,243
9 years$3,310$3,024$2,760$2,518$2,296$1,836
10 years$2,949$2,665$2,407$2,171$1,956$1,520
11 years$2,653$2,373$2,119$1,889$1,683$1,269
12 years$2,407$2,130$1,880$1,657$1,458$1,067
13 years$2,199$1,925$1,680$1,463$1,271$902
14 years$2,021$1,749$1,509$1,299$1,115$766
15 years$1,867$1,598$1,363$1,158$981$653
16 years$1,732$1,466$1,236$1,037$867$558
17 years$1,613$1,350$1,124$932$769$479
18 years$1,508$1,248$1,026$840$684$411
19 years$1,414$1,156$940$759$609$354
20 years$1,329$1,075$862$687$544$305
21 years$1,252$1,001$793$624$487$264
22 years$1,183$934$731$567$437$228
23 years$1,119$874$675$516$392$197
24 years$1,061$819$624$471$352$171
25 years$1,008$768$578$430$317$148
26 years$959$722$536$393$286$129
27 years$914$680$498$360$257$112
28 years$871$640$463$330$232$97
29 years$832$604$431$302$210$84
30 years$796$571$401$278$190$73
31 years$762$539$374$255$171$64
32 years$730$510$349$234$155$55
33 years$700$483$326$215$140$48
34 years$672$458$304$198$127$42
35 years$646$434$285$182$115$36
36 years$621$412$266$168$104$32
37 years$598$392$249$155$94$28
38 years$575$372$233$143$86$24
39 years$554$354$219$132$78$21
40 years$535$337$205$121$70$18
41 years$516$321$192$112$64$16
42 years$498$305$180$103$58$14
43 years$481$291$169$95$53$12
44 years$465$277$159$88$48$10
45 years$449$264$149$81$43$9
46 years$434$252$140$75$39$8
47 years$420$241$132$69$36$7
48 years$407$230$124$64$32$6
49 years$394$219$116$59$29$5
50 years$382$210$109$55$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $391,000, adding $2,933 every year, while hoping to spend $20,540 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: 34/42/24 Blend
52$391,000$391,000$391,000$391,000
53$433,907$413,184$407,124$445,409
54$456,312$411,576$398,908$452,632
55$480,313$409,200$389,729$458,344
56$506,051$405,998$379,532$464,093
57$533,683$401,907$368,261$469,894
58$563,378$396,859$355,856$475,768
59$595,322$390,785$342,257$481,737
60$629,721$383,610$327,399$487,829
61$666,799$375,253$311,213$494,078
62$706,804$365,632$293,630$500,520
63$750,007$354,657$274,576$507,202
64$796,707$342,234$253,973$514,174
65$847,231$328,264$231,742$521,494
66$901,941$312,641$207,797$529,231
67$961,232$295,253$182,051$537,463
68$1,025,541$275,983$154,413$546,278
69$1,095,346$254,707$124,786$555,778
70$1,171,175$231,291$93,070$566,075
71$1,253,608$205,598$59,161$577,302
72$1,343,283$177,479$22,950$589,605
73$1,440,902$146,779$0$603,150
74$1,547,237$113,334$0$622,144
75$1,663,137$76,970$0$649,312
76$1,789,540$37,504$0$679,041
77$1,927,473$0$0$711,630
78$2,078,071$0$0$749,844
79$2,242,581$0$0$810,576
80$2,422,375$0$0$877,007
81$2,618,967$0$0$949,702
82$2,834,021$0$0$1,029,284
83$3,069,370$0$0$1,116,439
84$3,327,032$0$0$1,211,921
85$3,609,230$0$0$1,316,564
86$3,918,412$0$0$1,431,282
87$4,257,274$0$0$1,557,085
88$4,628,783$0$0$1,695,084
89$5,036,210$0$0$1,846,504
90$5,483,157$0$0$2,012,691
91$5,973,589$0$0$2,195,131
92$6,511,877$0$0$2,395,461
93$7,102,833$0$0$2,615,482
94$7,751,759$0$0$2,857,178
95$8,464,496$0$0$3,122,738
96$9,247,476$0$0$3,414,570
97$10,107,788$0$0$3,735,328
98$11,053,239$0$0$4,087,936
99$12,092,432$0$0$4,475,616
100$13,234,843$0$0$4,901,916