Can I retire at age 53 with 399,000?

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 $399,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$32,949$32,656$32,369$32,090$31,817$31,226
2 years$16,311$16,008$15,713$15,428$15,151$14,557
3 years$10,766$10,461$10,167$9,885$9,612$9,035
4 years$7,994$7,690$7,399$7,121$6,856$6,299
5 years$6,331$6,029$5,742$5,470$5,212$4,677
6 years$5,223$4,923$4,641$4,374$4,124$3,612
7 years$4,432$4,135$3,856$3,596$3,354$2,865
8 years$3,839$3,544$3,270$3,017$2,782$2,317
9 years$3,378$3,086$2,817$2,570$2,343$1,900
10 years$3,009$2,720$2,456$2,215$1,996$1,576
11 years$2,708$2,421$2,162$1,928$1,717$1,318
12 years$2,457$2,173$1,919$1,691$1,488$1,110
13 years$2,244$1,964$1,714$1,493$1,297$941
14 years$2,063$1,785$1,540$1,325$1,137$800
15 years$1,905$1,631$1,391$1,182$1,001$684
16 years$1,768$1,496$1,261$1,058$885$586
17 years$1,646$1,378$1,147$951$785$503
18 years$1,539$1,273$1,047$857$698$434
19 years$1,443$1,180$959$774$622$374
20 years$1,356$1,097$880$701$556$323
21 years$1,278$1,021$809$636$497$280
22 years$1,207$954$746$579$446$243
23 years$1,142$892$689$527$400$210
24 years$1,083$836$637$481$360$183
25 years$1,029$784$590$439$324$159
26 years$979$737$547$401$291$138
27 years$932$694$508$367$263$120
28 years$889$654$472$337$237$105
29 years$849$617$440$309$214$91
30 years$812$582$409$283$193$79
31 years$777$550$382$260$175$69
32 years$745$521$356$239$158$60
33 years$715$493$333$220$143$53
34 years$686$467$311$202$130$46
35 years$659$443$290$186$117$40
36 years$634$421$272$172$106$35
37 years$610$400$254$158$96$30
38 years$587$380$238$146$87$27
39 years$566$361$223$134$79$23
40 years$545$344$209$124$72$20
41 years$526$327$196$114$65$18
42 years$508$312$184$105$59$15
43 years$491$297$173$97$54$13
44 years$474$283$162$90$49$12
45 years$458$270$152$83$44$10
46 years$443$257$143$77$40$9
47 years$429$246$134$71$36$8
48 years$415$234$126$65$33$7
49 years$402$224$119$61$30$6
50 years$390$214$111$56$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $399,000, adding $4,595 every year, while hoping to spend $27,462 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: 62/27/11 Blend
52$399,000$399,000$399,000$399,000
53$444,438$423,291$417,106$470,585
54$460,551$414,813$401,860$480,182
55$477,387$404,999$385,182$487,083
56$494,992$393,754$366,997$493,935
57$513,413$380,980$347,223$500,733
58$532,702$366,569$325,776$507,474
59$552,917$350,411$302,569$514,154
60$574,119$332,385$277,510$520,772
61$596,375$312,368$250,502$527,328
62$619,758$290,227$221,446$533,821
63$644,346$265,820$190,238$540,254
64$670,225$239,002$156,767$546,633
65$697,489$209,614$120,919$552,962
66$726,239$177,491$82,576$559,252
67$756,586$142,459$41,613$565,515
68$788,652$104,333$0$571,765
69$822,567$62,918$0$578,271
70$858,475$18,008$0$590,036
71$896,535$0$0$602,218
72$936,917$0$0$623,964
73$979,810$0$0$652,761
74$1,025,419$0$0$683,397
75$1,073,968$0$0$716,026
76$1,125,704$0$0$750,815
77$1,180,896$0$0$787,947
78$1,239,840$0$0$827,625
79$1,302,858$0$0$870,068
80$1,370,305$0$0$915,517
81$1,442,571$0$0$964,239
82$1,520,081$0$0$1,016,523
83$1,603,304$0$0$1,072,690
84$1,692,753$0$0$1,133,088
85$1,788,992$0$0$1,198,103
86$1,892,640$0$0$1,268,157
87$2,004,377$0$0$1,343,714
88$2,124,950$0$0$1,425,283
89$2,255,180$0$0$1,513,424
90$2,395,967$0$0$1,608,753
91$2,548,304$0$0$1,711,945
92$2,713,280$0$0$1,823,744
93$2,892,092$0$0$1,944,969
94$3,086,058$0$0$2,076,516
95$3,296,626$0$0$2,219,377
96$3,525,389$0$0$2,374,637
97$3,774,100$0$0$2,543,494
98$4,044,687$0$0$2,727,264
99$4,339,271$0$0$2,927,394
100$4,660,186$0$0$3,145,479