Can I retire at age 53 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$33,610$33,310$33,018$32,733$32,455$31,581
2 years$16,638$16,329$16,028$15,737$15,455$14,580
3 years$10,982$10,671$10,371$10,083$9,805$8,958
4 years$8,155$7,844$7,548$7,264$6,993$6,179
5 years$6,458$6,150$5,857$5,580$5,316$4,538
6 years$5,328$5,022$4,734$4,462$4,206$3,465
7 years$4,521$4,217$3,934$3,668$3,421$2,716
8 years$3,916$3,615$3,336$3,077$2,838$2,169
9 years$3,446$3,148$2,873$2,621$2,390$1,757
10 years$3,069$2,774$2,505$2,260$2,036$1,438
11 years$2,762$2,470$2,205$1,966$1,751$1,187
12 years$2,506$2,217$1,957$1,725$1,518$986
13 years$2,289$2,003$1,749$1,523$1,323$824
14 years$2,104$1,821$1,571$1,352$1,160$691
15 years$1,943$1,664$1,419$1,206$1,021$582
16 years$1,803$1,526$1,286$1,079$903$491
17 years$1,679$1,406$1,170$970$800$416
18 years$1,570$1,299$1,068$874$712$353
19 years$1,471$1,204$978$790$634$299
20 years$1,383$1,119$898$715$567$255
21 years$1,304$1,042$826$649$507$217
22 years$1,231$973$761$590$455$185
23 years$1,165$910$703$538$408$158
24 years$1,105$852$650$490$367$135
25 years$1,049$800$602$448$330$115
26 years$998$752$558$409$297$99
27 years$951$707$518$375$268$84
28 years$907$667$482$343$242$72
29 years$866$629$448$315$218$62
30 years$828$594$418$289$197$53
31 years$793$561$389$265$178$45
32 years$760$531$363$244$161$39
33 years$729$503$339$224$146$33
34 years$700$477$317$206$132$28
35 years$672$452$296$190$120$24
36 years$646$429$277$175$108$21
37 years$622$408$259$161$98$18
38 years$599$387$243$149$89$15
39 years$577$368$228$137$81$13
40 years$556$351$213$126$73$11
41 years$537$334$200$117$67$10
42 years$518$318$188$108$60$8
43 years$500$303$176$99$55$7
44 years$484$289$165$92$50$6
45 years$467$275$155$85$45$5
46 years$452$263$146$78$41$4
47 years$438$251$137$72$37$4
48 years$424$239$129$67$34$3
49 years$410$228$121$62$31$3
50 years$397$218$114$57$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $407,000, adding $2,507 every year, while hoping to spend $23,188 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: 27/50/23 Blend
52$407,000$407,000$407,000$407,000
53$451,100$429,529$423,220$459,955
54$472,440$425,904$412,727$463,538
55$495,180$421,324$401,104$465,185
56$519,438$415,719$388,290$466,465
57$545,343$409,011$374,220$467,360
58$573,038$401,122$358,826$467,854
59$602,677$391,967$342,037$467,932
60$634,432$381,455$323,777$467,581
61$668,490$369,493$303,970$466,788
62$705,057$355,978$282,533$465,542
63$744,357$340,806$259,382$463,834
64$786,639$323,862$234,429$461,657
65$832,173$305,029$207,579$459,008
66$881,259$284,180$178,737$455,887
67$934,224$261,181$147,802$452,298
68$991,428$235,892$114,666$448,247
69$1,053,268$208,165$79,222$443,750
70$1,120,177$177,841$41,352$438,826
71$1,192,635$144,755$937$433,501
72$1,271,167$108,731$0$427,810
73$1,356,351$69,584$0$432,151
74$1,448,823$27,117$0$437,142
75$1,549,281$0$0$442,652
76$1,658,496$0$0$459,181
77$1,777,313$0$0$493,453
78$1,906,664$0$0$530,826
79$2,047,572$0$0$571,603
80$2,201,166$0$0$616,118
81$2,368,685$0$0$664,739
82$2,551,496$0$0$717,871
83$2,751,102$0$0$775,961
84$2,969,157$0$0$839,499
85$3,207,483$0$0$909,026
86$3,468,085$0$0$985,138
87$3,753,173$0$0$1,068,490
88$4,065,177$0$0$1,159,804
89$4,406,774$0$0$1,259,876
90$4,780,913$0$0$1,369,581
91$5,190,840$0$0$1,489,884
92$5,640,132$0$0$1,621,846
93$6,132,727$0$0$1,766,639
94$6,672,960$0$0$1,925,550
95$7,265,611$0$0$2,099,999
96$7,915,940$0$0$2,291,551
97$8,629,744$0$0$2,501,928
98$9,413,406$0$0$2,733,027
99$10,273,961$0$0$2,986,940
100$11,219,154$0$0$3,265,968