Can I retire at age 53 with 409,000?

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 $409,000?

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$33,775$33,474$33,180$32,894$32,614$31,736
2 years$16,720$16,409$16,107$15,814$15,531$14,652
3 years$11,036$10,723$10,422$10,132$9,853$9,002
4 years$8,195$7,883$7,585$7,300$7,027$6,210
5 years$6,490$6,180$5,886$5,607$5,342$4,560
6 years$5,354$5,047$4,757$4,484$4,227$3,482
7 years$4,543$4,238$3,953$3,687$3,438$2,729
8 years$3,935$3,633$3,352$3,093$2,852$2,180
9 years$3,462$3,163$2,887$2,634$2,402$1,766
10 years$3,085$2,788$2,517$2,271$2,046$1,445
11 years$2,776$2,482$2,216$1,976$1,760$1,193
12 years$2,518$2,228$1,967$1,733$1,525$991
13 years$2,301$2,013$1,757$1,530$1,330$828
14 years$2,114$1,830$1,579$1,358$1,166$694
15 years$1,953$1,672$1,426$1,211$1,026$585
16 years$1,812$1,534$1,292$1,085$907$494
17 years$1,688$1,413$1,176$975$804$418
18 years$1,577$1,305$1,074$878$715$354
19 years$1,479$1,210$983$794$638$301
20 years$1,390$1,124$902$719$569$256
21 years$1,310$1,047$830$652$510$218
22 years$1,237$977$765$593$457$186
23 years$1,171$914$706$540$410$159
24 years$1,110$856$653$493$369$135
25 years$1,054$804$605$450$332$116
26 years$1,003$755$561$411$299$99
27 years$956$711$521$377$269$85
28 years$912$670$484$345$243$72
29 years$871$632$451$316$219$62
30 years$833$597$420$290$198$53
31 years$797$564$391$267$179$45
32 years$764$534$365$245$162$39
33 years$732$506$341$225$147$33
34 years$703$479$318$207$133$29
35 years$676$454$298$191$120$25
36 years$650$431$279$176$109$21
37 years$625$410$261$162$99$18
38 years$602$389$244$149$90$15
39 years$580$370$229$138$81$13
40 years$559$352$214$127$74$11
41 years$539$335$201$117$67$10
42 years$521$319$189$108$61$8
43 years$503$304$177$100$55$7
44 years$486$290$166$92$50$6
45 years$470$277$156$85$45$5
46 years$454$264$146$79$41$5
47 years$440$252$138$73$37$4
48 years$426$240$129$67$34$3
49 years$412$230$122$62$31$3
50 years$399$219$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 $409,000, adding $2,698 every year, while hoping to spend $31,101 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: 49/46/5 Blend
52$409,000$409,000$409,000$409,000
53$453,501$431,824$425,484$475,034
54$466,667$419,892$406,647$478,074
55$480,133$406,333$386,136$477,821
56$493,898$391,035$363,863$476,800
57$507,958$373,878$339,734$474,948
58$522,308$354,736$313,654$472,197
59$536,941$333,476$285,519$468,474
60$551,850$309,957$255,225$463,701
61$567,024$284,030$222,660$457,794
62$582,450$255,538$187,709$450,665
63$598,115$224,313$150,252$442,220
64$613,999$190,181$110,161$432,357
65$630,081$152,955$67,307$420,970
66$646,338$112,438$21,550$407,941
67$662,741$68,424$0$393,150
68$679,257$20,693$0$377,921
69$695,848$0$0$361,979
70$712,472$0$0$359,717
71$729,080$0$0$367,898
72$745,615$0$0$376,014
73$762,015$0$0$384,032
74$778,209$0$0$391,912
75$794,117$0$0$399,610
76$809,648$0$0$407,077
77$824,701$0$0$414,256
78$839,162$0$0$421,086
79$852,903$0$0$427,497
80$865,783$0$0$433,411
81$877,642$0$0$438,740
82$888,303$0$0$443,389
83$897,567$0$0$447,249
84$905,213$0$0$450,199
85$910,996$0$0$452,106
86$914,643$0$0$452,821
87$915,850$0$0$452,179
88$914,279$0$0$449,996
89$909,556$0$0$446,070
90$901,265$0$0$440,173
91$888,944$0$0$432,055
92$872,083$0$0$421,440
93$850,115$0$0$408,019
94$822,412$0$0$391,453
95$788,279$0$0$371,364
96$746,947$0$0$347,335
97$697,565$0$0$318,906
98$639,190$0$0$285,565
99$570,780$0$0$246,748
100$491,184$0$0$201,832