Can I retire at age 53 with 401,000?

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 $401,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$33,114$32,819$32,531$32,251$31,976$31,254
2 years$16,393$16,088$15,792$15,505$15,227$14,503
3 years$10,820$10,514$10,218$9,934$9,661$8,958
4 years$8,034$7,729$7,436$7,157$6,890$6,214
5 years$6,363$6,059$5,771$5,497$5,238$4,590
6 years$5,249$4,948$4,664$4,396$4,144$3,526
7 years$4,454$4,155$3,876$3,614$3,370$2,781
8 years$3,858$3,562$3,287$3,032$2,796$2,235
9 years$3,395$3,101$2,831$2,583$2,355$1,823
10 years$3,024$2,734$2,468$2,226$2,006$1,502
11 years$2,721$2,434$2,173$1,937$1,726$1,249
12 years$2,469$2,184$1,928$1,699$1,495$1,045
13 years$2,256$1,974$1,723$1,500$1,304$879
14 years$2,073$1,794$1,548$1,332$1,143$743
15 years$1,915$1,639$1,398$1,188$1,006$630
16 years$1,777$1,504$1,267$1,064$889$536
17 years$1,655$1,385$1,153$956$789$458
18 years$1,547$1,280$1,053$861$701$391
19 years$1,450$1,186$964$778$625$335
20 years$1,363$1,102$884$705$558$287
21 years$1,284$1,027$813$640$500$247
22 years$1,213$958$750$582$448$212
23 years$1,148$896$692$530$402$183
24 years$1,089$840$640$483$361$157
25 years$1,034$788$593$441$325$136
26 years$983$741$550$403$293$117
27 years$937$697$511$369$264$101
28 years$894$657$475$338$238$87
29 years$854$620$442$310$215$75
30 years$816$585$411$285$194$65
31 years$781$553$384$261$176$56
32 years$749$523$358$240$159$49
33 years$718$496$334$221$144$42
34 years$689$470$312$203$130$36
35 years$662$446$292$187$118$31
36 years$637$423$273$172$107$27
37 years$613$402$256$159$97$24
38 years$590$382$239$146$88$20
39 years$569$363$224$135$80$18
40 years$548$345$210$124$72$15
41 years$529$329$197$115$66$13
42 years$511$313$185$106$59$11
43 years$493$298$173$98$54$10
44 years$476$284$163$90$49$9
45 years$461$271$153$83$44$7
46 years$445$259$144$77$40$6
47 years$431$247$135$71$37$6
48 years$417$236$127$66$33$5
49 years$404$225$119$61$30$4
50 years$392$215$112$56$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $401,000, adding $4,920 every year, while hoping to spend $28,480 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: 42/30/28 Blend
52$401,000$401,000$401,000$401,000
53$446,977$425,724$419,508$461,912
54$462,266$416,282$403,260$463,682
55$478,160$405,423$385,512$462,549
56$494,691$393,047$366,185$460,779
57$511,892$379,049$345,195$458,329
58$529,800$363,317$322,454$455,156
59$548,455$345,735$297,871$451,215
60$567,897$326,175$271,349$446,458
61$588,173$304,508$242,790$440,836
62$609,330$280,593$212,087$434,298
63$631,423$254,283$179,133$426,789
64$654,507$225,422$143,813$418,254
65$678,644$193,845$106,008$408,636
66$703,901$159,378$65,594$397,874
67$730,348$121,838$22,441$385,906
68$758,065$81,029$0$372,668
69$787,136$36,748$0$365,148
70$817,651$0$0$363,837
71$849,712$0$0$365,703
72$883,425$0$0$380,438
73$918,909$0$0$395,966
74$956,292$0$0$412,343
75$995,713$0$0$429,636
76$1,037,324$0$0$447,911
77$1,081,291$0$0$467,247
78$1,127,795$0$0$487,724
79$1,177,032$0$0$509,434
80$1,229,219$0$0$532,475
81$1,284,592$0$0$556,955
82$1,343,407$0$0$582,992
83$1,405,946$0$0$610,716
84$1,472,518$0$0$640,268
85$1,543,461$0$0$671,803
86$1,619,142$0$0$705,490
87$1,699,969$0$0$741,517
88$1,786,383$0$0$780,086
89$1,878,871$0$0$821,421
90$1,977,967$0$0$865,769
91$2,084,256$0$0$913,398
92$2,198,379$0$0$964,603
93$2,321,040$0$0$1,019,709
94$2,453,014$0$0$1,079,073
95$2,595,148$0$0$1,143,086
96$2,748,376$0$0$1,212,177
97$2,913,722$0$0$1,286,820
98$3,092,311$0$0$1,367,532
99$3,285,379$0$0$1,454,885
100$3,494,287$0$0$1,549,506