Can I retire at age 53 with 413,000?

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 $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%14.9%
1 years$34,105$33,801$33,505$33,216$32,933$32,268
2 years$16,884$16,569$16,265$15,969$15,682$15,015
3 years$11,144$10,828$10,524$10,232$9,950$9,301
4 years$8,275$7,960$7,659$7,371$7,096$6,472
5 years$6,554$6,241$5,944$5,662$5,394$4,795
6 years$5,407$5,096$4,803$4,528$4,268$3,696
7 years$4,588$4,280$3,992$3,723$3,471$2,925
8 years$3,974$3,668$3,385$3,123$2,880$2,359
9 years$3,496$3,194$2,916$2,660$2,425$1,931
10 years$3,115$2,815$2,542$2,293$2,066$1,597
11 years$2,803$2,506$2,238$1,995$1,777$1,333
12 years$2,543$2,250$1,986$1,750$1,540$1,120
13 years$2,323$2,033$1,774$1,545$1,343$946
14 years$2,135$1,848$1,594$1,372$1,177$803
15 years$1,972$1,688$1,439$1,223$1,037$684
16 years$1,830$1,549$1,305$1,095$916$584
17 years$1,704$1,426$1,188$984$812$501
18 years$1,593$1,318$1,084$887$722$430
19 years$1,493$1,222$992$801$644$370
20 years$1,404$1,135$911$726$575$319
21 years$1,323$1,057$838$659$515$275
22 years$1,249$987$772$599$461$238
23 years$1,182$923$713$545$414$205
24 years$1,121$865$659$498$372$178
25 years$1,065$812$611$454$335$154
26 years$1,013$763$566$415$302$134
27 years$965$718$526$380$272$116
28 years$920$676$489$348$245$100
29 years$879$638$455$319$222$87
30 years$841$603$424$293$200$76
31 years$805$570$395$269$181$66
32 years$771$539$369$247$164$57
33 years$740$511$344$228$148$50
34 years$710$484$322$209$134$43
35 years$682$459$301$193$122$38
36 years$656$436$281$178$110$33
37 years$631$414$263$164$100$28
38 years$608$393$247$151$90$25
39 years$586$374$231$139$82$21
40 years$565$356$216$128$74$19
41 years$545$339$203$118$68$16
42 years$526$322$190$109$61$14
43 years$508$307$179$101$56$12
44 years$491$293$168$93$50$11
45 years$474$279$157$86$46$9
46 years$459$266$148$79$42$8
47 years$444$254$139$73$38$7
48 years$430$243$131$68$34$6
49 years$416$232$123$63$31$5
50 years$403$221$115$58$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $413,000, adding $2,596 every year, while hoping to spend $21,752 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: 52/37/11 Blend
52$413,000$413,000$413,000$413,000
53$457,804$435,915$429,513$480,160
54$481,356$434,131$420,758$493,902
55$506,581$431,530$410,980$506,290
56$533,627$428,050$400,123$519,260
57$562,657$423,624$388,127$532,871
58$593,847$418,181$374,928$547,191
59$627,393$411,645$360,462$562,295
60$663,510$403,938$344,660$578,268
61$702,432$394,976$327,451$595,202
62$744,419$384,668$308,759$613,205
63$789,754$372,921$288,507$632,392
64$838,749$359,635$266,612$652,894
65$891,748$344,703$242,990$674,858
66$949,127$328,015$217,551$698,446
67$1,011,302$309,451$190,202$723,839
68$1,078,726$288,886$160,846$751,239
69$1,151,903$266,188$129,381$780,870
70$1,231,383$241,217$95,701$812,981
71$1,317,773$213,825$59,696$847,850
72$1,411,739$183,856$21,249$885,786
73$1,514,015$151,144$0$927,131
74$1,625,410$115,515$0$974,589
75$1,746,811$76,785$0$1,029,071
76$1,879,197$34,758$0$1,088,568
77$2,023,643$0$0$1,153,614
78$2,181,336$0$0$1,229,192
79$2,353,578$0$0$1,327,238
80$2,541,807$0$0$1,434,425
81$2,747,601$0$0$1,551,656
82$2,972,703$0$0$1,679,929
83$3,219,027$0$0$1,820,341
84$3,488,685$0$0$1,974,100
85$3,783,999$0$0$2,142,538
86$4,107,528$0$0$2,327,119
87$4,462,091$0$0$2,529,458
88$4,850,790$0$0$2,751,332
89$5,277,043$0$0$2,994,699
90$5,744,616$0$0$3,261,715
91$6,257,655$0$0$3,554,756
92$6,820,727$0$0$3,876,438
93$7,438,863$0$0$4,229,644
94$8,117,606$0$0$4,617,547
95$8,863,059$0$0$5,043,645
96$9,681,949$0$0$5,511,792
97$10,581,684$0$0$6,026,231
98$11,570,425$0$0$6,591,638
99$12,657,164$0$0$7,213,164
100$13,851,807$0$0$7,896,485