Can I retire at age 53 with 414,000?

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 $414,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$34,188$33,883$33,586$33,296$33,013$32,641
2 years$16,925$16,609$16,304$16,008$15,720$15,346
3 years$11,171$10,854$10,550$10,256$9,974$9,608
4 years$8,295$7,979$7,677$7,389$7,113$6,760
5 years$6,569$6,256$5,958$5,676$5,407$5,067
6 years$5,420$5,108$4,815$4,539$4,279$3,952
7 years$4,599$4,290$4,001$3,732$3,480$3,166
8 years$3,983$3,677$3,393$3,130$2,887$2,587
9 years$3,505$3,202$2,923$2,666$2,431$2,145
10 years$3,122$2,822$2,548$2,298$2,071$1,798
11 years$2,809$2,512$2,243$2,000$1,781$1,521
12 years$2,549$2,255$1,991$1,755$1,544$1,296
13 years$2,329$2,038$1,779$1,549$1,346$1,111
14 years$2,140$1,852$1,598$1,375$1,180$957
15 years$1,977$1,692$1,443$1,226$1,039$827
16 years$1,834$1,553$1,308$1,098$918$718
17 years$1,708$1,430$1,190$987$814$625
18 years$1,597$1,321$1,087$889$724$545
19 years$1,497$1,224$995$803$645$477
20 years$1,407$1,138$913$728$576$418
21 years$1,326$1,060$840$660$516$366
22 years$1,252$989$774$600$462$322
23 years$1,185$925$715$547$415$283
24 years$1,124$867$661$499$373$249
25 years$1,067$814$612$455$336$220
26 years$1,015$765$568$416$302$194
27 years$967$720$527$381$273$171
28 years$923$678$490$349$246$151
29 years$881$640$456$320$222$134
30 years$843$604$425$294$201$118
31 years$807$571$396$270$181$104
32 years$773$540$370$248$164$92
33 years$741$512$345$228$149$82
34 years$712$485$322$210$134$72
35 years$684$460$301$193$122$64
36 years$658$437$282$178$110$57
37 years$633$415$264$164$100$50
38 years$609$394$247$151$91$45
39 years$587$375$232$139$82$40
40 years$566$357$217$129$75$35
41 years$546$339$203$119$68$31
42 years$527$323$191$109$61$28
43 years$509$308$179$101$56$24
44 years$492$294$168$93$51$22
45 years$476$280$158$86$46$19
46 years$460$267$148$80$42$17
47 years$445$255$139$74$38$15
48 years$431$243$131$68$34$13
49 years$417$232$123$63$31$12
50 years$404$222$116$58$28$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $414,000, adding $6,703 every year, while hoping to spend $24,518 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: 29/45/26 Blend
52$414,000$414,000$414,000$414,000
53$463,142$441,200$434,783$472,693
54$484,296$436,732$423,261$476,239
55$506,785$431,223$410,532$477,455
56$530,721$424,597$396,528$478,265
57$556,224$416,771$381,182$478,650
58$583,426$407,661$364,419$478,592
59$612,473$397,173$346,164$478,075
60$643,523$385,212$326,338$477,083
61$676,750$371,676$304,858$475,599
62$712,345$356,455$281,638$473,612
63$750,518$339,434$256,586$471,109
64$791,498$320,494$229,609$468,081
65$835,538$299,505$200,608$464,522
66$882,914$276,332$169,479$460,429
67$933,930$250,831$136,116$455,801
68$988,919$222,851$100,405$450,645
69$1,048,250$192,231$62,229$444,970
70$1,112,323$158,802$21,465$438,792
71$1,181,582$122,386$0$432,134
72$1,256,514$82,792$0$431,139
73$1,337,652$39,823$0$436,487
74$1,425,585$0$0$442,303
75$1,520,959$0$0$452,023
76$1,624,486$0$0$484,036
77$1,736,946$0$0$518,869
78$1,859,200$0$0$556,798
79$1,992,194$0$0$598,124
80$2,136,970$0$0$643,177
81$2,294,672$0$0$692,323
82$2,466,561$0$0$745,964
83$2,654,025$0$0$804,541
84$2,858,590$0$0$868,541
85$3,081,937$0$0$938,501
86$3,325,916$0$0$1,015,010
87$3,592,565$0$0$1,098,717
88$3,884,124$0$0$1,190,337
89$4,203,064$0$0$1,290,659
90$4,552,103$0$0$1,400,549
91$4,934,234$0$0$1,520,963
92$5,352,753$0$0$1,652,952
93$5,811,291$0$0$1,797,675
94$6,313,846$0$0$1,956,407
95$6,864,820$0$0$2,130,554
96$7,469,062$0$0$2,321,664
97$8,131,915$0$0$2,531,441
98$8,859,259$0$0$2,761,764
99$9,657,577$0$0$3,014,702
100$10,534,005$0$0$3,292,533