Can I retire at age 53 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$33,527$33,228$32,937$32,653$32,375$32,157
2 years$16,598$16,288$15,989$15,698$15,417$15,197
3 years$10,955$10,645$10,346$10,058$9,781$9,567
4 years$8,134$7,825$7,529$7,246$6,976$6,768
5 years$6,443$6,135$5,843$5,566$5,303$5,102
6 years$5,315$5,010$4,722$4,451$4,196$4,003
7 years$4,510$4,207$3,924$3,659$3,413$3,227
8 years$3,906$3,606$3,328$3,070$2,831$2,653
9 years$3,437$3,140$2,866$2,615$2,384$2,214
10 years$3,062$2,768$2,499$2,254$2,031$1,868
11 years$2,755$2,464$2,200$1,962$1,747$1,591
12 years$2,500$2,211$1,952$1,721$1,514$1,365
13 years$2,284$1,998$1,744$1,519$1,320$1,179
14 years$2,099$1,817$1,567$1,348$1,157$1,022
15 years$1,939$1,659$1,415$1,203$1,019$891
16 years$1,799$1,523$1,283$1,077$901$779
17 years$1,675$1,402$1,167$967$799$683
18 years$1,566$1,296$1,066$872$710$601
19 years$1,468$1,201$976$788$633$529
20 years$1,380$1,116$895$714$565$467
21 years$1,300$1,039$824$648$506$413
22 years$1,228$970$759$589$453$366
23 years$1,162$907$701$536$407$325
24 years$1,102$850$648$489$366$289
25 years$1,047$798$600$447$329$256
26 years$996$750$557$408$297$228
27 years$949$706$517$374$267$203
28 years$905$665$481$342$241$181
29 years$864$627$447$314$218$161
30 years$826$592$417$288$197$144
31 years$791$560$388$265$178$128
32 years$758$530$362$243$161$115
33 years$727$502$338$224$146$102
34 years$698$476$316$206$132$92
35 years$671$451$296$189$119$82
36 years$645$428$277$175$108$73
37 years$620$407$259$161$98$65
38 years$597$387$242$148$89$59
39 years$576$368$227$137$81$52
40 years$555$350$213$126$73$47
41 years$535$333$200$116$66$42
42 years$517$317$187$107$60$38
43 years$499$302$176$99$55$34
44 years$482$288$165$91$50$30
45 years$466$275$155$84$45$27
46 years$451$262$145$78$41$24
47 years$436$250$137$72$37$22
48 years$423$239$128$67$34$19
49 years$409$228$121$62$31$17
50 years$396$218$113$57$28$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $406,000, adding $4,676 every year, while hoping to spend $31,518 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: 29/50/21 Blend
52$406,000$406,000$406,000$406,000
53$452,235$430,717$424,424$462,257
54$464,828$418,288$405,108$457,914
55$477,650$404,192$384,087$450,121
56$490,689$388,317$361,273$441,076
57$503,934$370,540$336,571$430,692
58$517,372$350,732$309,882$418,876
59$530,983$328,758$281,103$405,528
60$544,750$304,473$250,127$390,542
61$558,649$277,726$216,840$373,809
62$572,652$248,357$181,126$355,208
63$586,731$216,194$142,861$334,616
64$600,848$181,058$101,918$311,899
65$614,966$142,761$58,163$286,915
66$629,037$101,101$11,457$259,515
67$643,011$55,868$0$229,541
68$656,830$6,837$0$205,424
69$670,427$0$0$181,683
70$683,729$0$0$181,028
71$696,653$0$0$183,977
72$709,106$0$0$186,739
73$720,982$0$0$189,279
74$732,166$0$0$191,557
75$742,526$0$0$193,531
76$751,917$0$0$195,154
77$760,176$0$0$196,371
78$767,121$0$0$197,124
79$772,551$0$0$197,346
80$776,242$0$0$196,965
81$777,942$0$0$195,899
82$777,376$0$0$194,057
83$774,235$0$0$191,340
84$768,176$0$0$187,637
85$758,822$0$0$182,825
86$745,750$0$0$176,768
87$728,495$0$0$169,315
88$706,540$0$0$160,298
89$679,314$0$0$149,534
90$646,183$0$0$136,818
91$606,446$0$0$121,923
92$559,328$0$0$104,601
93$503,972$0$0$84,575
94$439,428$0$0$61,538
95$364,648$0$0$35,155
96$278,474$0$0$5,052
97$179,623$0$0$0
98$66,682$0$0$0
99$0$0$0$0
100$0$0$0$0