Can I retire at age 53 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$33,032$32,737$32,450$32,170$31,897$31,563
2 years$16,352$16,048$15,753$15,466$15,189$14,853
3 years$10,793$10,487$10,193$9,909$9,636$9,309
4 years$8,014$7,709$7,418$7,139$6,873$6,556
5 years$6,347$6,044$5,757$5,484$5,225$4,919
6 years$5,236$4,936$4,652$4,385$4,134$3,841
7 years$4,443$4,145$3,866$3,605$3,362$3,081
8 years$3,849$3,553$3,279$3,024$2,789$2,520
9 years$3,386$3,093$2,824$2,576$2,349$2,091
10 years$3,017$2,727$2,462$2,221$2,001$1,756
11 years$2,714$2,427$2,167$1,933$1,721$1,487
12 years$2,463$2,179$1,924$1,695$1,492$1,269
13 years$2,250$1,969$1,719$1,497$1,301$1,089
14 years$2,068$1,790$1,544$1,329$1,140$939
15 years$1,910$1,635$1,394$1,185$1,004$813
16 years$1,772$1,500$1,264$1,061$887$707
17 years$1,651$1,381$1,150$953$787$616
18 years$1,543$1,277$1,050$859$699$538
19 years$1,446$1,183$961$776$623$471
20 years$1,359$1,099$882$703$557$413
21 years$1,281$1,024$811$638$498$363
22 years$1,210$956$748$580$447$320
23 years$1,145$894$690$528$401$282
24 years$1,086$838$639$482$360$248
25 years$1,031$786$591$440$324$219
26 years$981$739$549$402$292$194
27 years$935$695$509$368$263$171
28 years$892$655$474$337$238$151
29 years$852$618$441$309$215$134
30 years$814$584$410$284$194$119
31 years$779$552$383$261$175$105
32 years$747$522$357$240$159$93
33 years$716$494$333$220$144$83
34 years$688$469$311$203$130$73
35 years$661$444$291$187$118$65
36 years$635$422$272$172$107$58
37 years$611$401$255$158$97$51
38 years$589$381$239$146$88$45
39 years$567$362$224$135$79$40
40 years$547$345$210$124$72$36
41 years$528$328$197$115$65$32
42 years$509$312$184$106$59$28
43 years$492$298$173$98$54$25
44 years$475$284$162$90$49$22
45 years$459$270$153$83$44$20
46 years$444$258$143$77$40$18
47 years$430$246$135$71$37$16
48 years$416$235$126$66$33$14
49 years$403$224$119$61$30$12
50 years$391$214$112$56$27$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $400,000, adding $4,236 every year, while hoping to spend $27,421 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: 27/47/26 Blend
52$400,000$400,000$400,000$400,000
53$445,169$423,969$417,769$453,485
54$461,401$415,568$402,589$452,082
55$478,369$405,836$385,981$447,924
56$496,120$394,680$367,869$442,895
57$514,704$381,998$348,172$436,937
58$534,174$367,687$326,806$429,993
59$554,590$351,634$303,684$422,002
60$576,016$333,721$278,715$412,899
61$598,519$313,824$251,802$402,618
62$622,177$291,809$222,846$391,091
63$647,069$267,538$191,741$378,243
64$673,286$240,863$158,380$363,999
65$700,923$211,628$122,648$348,281
66$730,087$179,667$84,427$331,007
67$760,892$144,807$43,591$312,092
68$793,463$106,863$12$291,447
69$827,939$65,641$0$268,982
70$864,467$20,936$0$257,500
71$903,212$0$0$244,846
72$944,351$0$0$245,165
73$988,081$0$0$257,048
74$1,034,615$0$0$269,730
75$1,084,186$0$0$283,279
76$1,137,050$0$0$297,770
77$1,193,488$0$0$313,286
78$1,253,808$0$0$329,916
79$1,318,345$0$0$347,759
80$1,387,470$0$0$366,925
81$1,461,587$0$0$387,532
82$1,541,141$0$0$409,710
83$1,626,619$0$0$433,605
84$1,718,557$0$0$459,373
85$1,817,542$0$0$487,189
86$1,924,221$0$0$517,241
87$2,039,300$0$0$549,740
88$2,163,561$0$0$584,916
89$2,297,858$0$0$623,022
90$2,443,132$0$0$664,335
91$2,600,417$0$0$709,162
92$2,770,849$0$0$757,839
93$2,955,680$0$0$810,735
94$3,156,283$0$0$868,258
95$3,374,169$0$0$930,856
96$3,611,002$0$0$999,021
97$3,868,611$0$0$1,073,295
98$4,149,009$0$0$1,154,275
99$4,454,410$0$0$1,242,617
100$4,787,252$0$0$1,339,044