Can I retire at age 53 with 413,000?

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 $413,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$34,105$33,801$33,505$33,216$32,933$32,603
2 years$16,884$16,569$16,265$15,969$15,682$15,350
3 years$11,144$10,828$10,524$10,232$9,950$9,625
4 years$8,275$7,960$7,659$7,371$7,096$6,782
5 years$6,554$6,241$5,944$5,662$5,394$5,091
6 years$5,407$5,096$4,803$4,528$4,268$3,977
7 years$4,588$4,280$3,992$3,723$3,471$3,192
8 years$3,974$3,668$3,385$3,123$2,880$2,612
9 years$3,496$3,194$2,916$2,660$2,425$2,169
10 years$3,115$2,815$2,542$2,293$2,066$1,822
11 years$2,803$2,506$2,238$1,995$1,777$1,544
12 years$2,543$2,250$1,986$1,750$1,540$1,318
13 years$2,323$2,033$1,774$1,545$1,343$1,132
14 years$2,135$1,848$1,594$1,372$1,177$977
15 years$1,972$1,688$1,439$1,223$1,037$847
16 years$1,830$1,549$1,305$1,095$916$736
17 years$1,704$1,426$1,188$984$812$642
18 years$1,593$1,318$1,084$887$722$562
19 years$1,493$1,222$992$801$644$492
20 years$1,404$1,135$911$726$575$432
21 years$1,323$1,057$838$659$515$380
22 years$1,249$987$772$599$461$334
23 years$1,182$923$713$545$414$295
24 years$1,121$865$659$498$372$260
25 years$1,065$812$611$454$335$230
26 years$1,013$763$566$415$302$203
27 years$965$718$526$380$272$180
28 years$920$676$489$348$245$159
29 years$879$638$455$319$222$141
30 years$841$603$424$293$200$125
31 years$805$570$395$269$181$111
32 years$771$539$369$247$164$98
33 years$740$511$344$228$148$87
34 years$710$484$322$209$134$77
35 years$682$459$301$193$122$69
36 years$656$436$281$178$110$61
37 years$631$414$263$164$100$54
38 years$608$393$247$151$90$48
39 years$586$374$231$139$82$43
40 years$565$356$216$128$74$38
41 years$545$339$203$118$68$34
42 years$526$322$190$109$61$30
43 years$508$307$179$101$56$27
44 years$491$293$168$93$50$24
45 years$474$279$157$86$46$21
46 years$459$266$148$79$42$19
47 years$444$254$139$73$38$17
48 years$430$243$131$68$34$15
49 years$416$232$123$63$31$13
50 years$403$221$115$58$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $413,000, adding $4,459 every year, while hoping to spend $26,446 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: 41/37/22 Blend
52$413,000$413,000$413,000$413,000
53$459,725$437,836$431,435$475,436
54$478,479$431,152$417,750$480,408
55$498,259$423,254$402,720$482,921
56$519,143$414,054$386,272$485,108
57$541,213$403,461$368,330$486,952
58$564,562$391,376$348,814$488,439
59$589,289$377,695$327,641$489,555
60$615,503$362,309$304,724$490,286
61$643,324$345,101$279,971$490,621
62$672,881$325,948$253,288$490,549
63$704,316$304,722$224,575$490,062
64$737,787$281,283$193,728$489,152
65$773,462$255,488$160,639$487,817
66$811,530$227,181$125,196$486,056
67$852,195$196,202$87,278$483,870
68$895,681$162,378$46,764$481,267
69$942,235$125,528$3,525$478,260
70$992,125$85,462$0$474,863
71$1,045,649$41,976$0$481,107
72$1,103,130$0$0$488,550
73$1,164,925$0$0$498,530
74$1,231,425$0$0$527,701
75$1,303,061$0$0$559,164
76$1,380,303$0$0$593,131
77$1,463,670$0$0$629,837
78$1,553,732$0$0$669,537
79$1,651,114$0$0$712,514
80$1,756,505$0$0$759,076
81$1,870,660$0$0$809,566
82$1,994,412$0$0$864,356
83$2,128,674$0$0$923,861
84$2,274,452$0$0$988,532
85$2,432,851$0$0$1,058,868
86$2,605,089$0$0$1,135,418
87$2,792,505$0$0$1,218,785
88$2,996,570$0$0$1,309,633
89$3,218,905$0$0$1,408,694
90$3,461,294$0$0$1,516,772
91$3,725,700$0$0$1,634,752
92$4,014,283$0$0$1,763,609
93$4,329,421$0$0$1,904,415
94$4,673,732$0$0$2,058,353
95$5,050,098$0$0$2,226,723
96$5,461,693$0$0$2,410,957
97$5,912,009$0$0$2,612,631
98$6,404,894$0$0$2,833,483
99$6,944,584$0$0$3,075,423
100$7,535,743$0$0$3,340,559