Can I retire at age 53 with 416,000?

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 $416,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$34,353$34,047$33,748$33,457$33,172$31,907
2 years$17,006$16,690$16,383$16,085$15,796$14,536
3 years$11,225$10,907$10,601$10,306$10,022$8,807
4 years$8,335$8,018$7,715$7,425$7,148$5,987
5 years$6,601$6,286$5,987$5,703$5,434$4,330
6 years$5,446$5,133$4,838$4,561$4,299$3,254
7 years$4,621$4,311$4,021$3,750$3,497$2,509
8 years$4,002$3,695$3,410$3,145$2,901$1,970
9 years$3,522$3,217$2,937$2,679$2,443$1,567
10 years$3,137$2,836$2,560$2,310$2,081$1,260
11 years$2,823$2,525$2,254$2,010$1,790$1,021
12 years$2,561$2,266$2,001$1,763$1,551$832
13 years$2,340$2,048$1,787$1,556$1,353$681
14 years$2,151$1,861$1,606$1,382$1,186$560
15 years$1,986$1,700$1,450$1,232$1,044$462
16 years$1,843$1,560$1,315$1,103$923$382
17 years$1,717$1,437$1,196$991$818$316
18 years$1,604$1,328$1,092$893$727$263
19 years$1,504$1,230$1,000$807$648$218
20 years$1,414$1,143$917$731$579$182
21 years$1,332$1,065$844$664$518$151
22 years$1,258$994$778$603$465$126
23 years$1,191$930$718$549$417$105
24 years$1,129$871$664$501$375$88
25 years$1,073$818$615$458$337$73
26 years$1,020$768$570$418$304$61
27 years$972$723$530$383$274$51
28 years$927$681$492$351$247$43
29 years$886$643$458$322$223$36
30 years$847$607$427$295$202$30
31 years$811$574$398$271$182$25
32 years$777$543$371$249$165$21
33 years$745$514$347$229$149$17
34 years$715$487$324$211$135$15
35 years$687$462$303$194$122$12
36 years$661$439$283$179$111$10
37 years$636$417$265$165$101$9
38 years$612$396$248$152$91$7
39 years$590$377$233$140$83$6
40 years$569$358$218$129$75$5
41 years$549$341$204$119$68$4
42 years$530$325$192$110$62$4
43 years$512$309$180$102$56$3
44 years$494$295$169$94$51$2
45 years$478$281$159$87$46$2
46 years$462$268$149$80$42$2
47 years$447$256$140$74$38$1
48 years$433$244$132$68$35$1
49 years$419$233$124$63$31$1
50 years$406$223$116$58$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $416,000, adding $6,033 every year, while hoping to spend $27,120 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$416,000$416,000$416,000$416,000
53$464,655$442,607$436,159$486,557
54$483,194$435,439$421,915$494,976
55$502,716$427,011$406,285$500,710
56$523,291$417,233$389,193$506,288
57$544,997$406,008$370,562$511,701
58$567,920$393,236$350,309$516,944
59$592,153$378,809$328,349$522,008
60$617,795$362,613$304,591$526,891
61$644,958$344,530$278,943$531,588
62$673,763$324,430$251,307$536,099
63$704,340$302,181$221,579$540,424
64$736,835$277,640$189,654$544,569
65$771,405$250,657$155,420$548,538
66$808,223$221,074$118,761$552,344
67$847,477$188,722$79,555$556,001
68$889,375$153,424$37,676$559,530
69$934,143$114,994$0$562,955
70$982,030$73,233$0$566,682
71$1,033,309$27,934$0$572,546
72$1,088,278$0$0$578,590
73$1,147,266$0$0$595,572
74$1,210,631$0$0$629,034
75$1,278,770$0$0$665,050
76$1,352,116$0$0$703,854
77$1,431,145$0$0$745,700
78$1,516,379$0$0$790,872
79$1,608,395$0$0$839,678
80$1,707,822$0$0$892,459
81$1,815,355$0$0$949,588
82$1,931,756$0$0$1,011,476
83$2,057,864$0$0$1,078,576
84$2,194,601$0$0$1,151,383
85$2,342,980$0$0$1,230,445
86$2,504,117$0$0$1,316,362
87$2,679,237$0$0$1,409,795
88$2,869,690$0$0$1,511,473
89$3,076,961$0$0$1,622,194
90$3,302,682$0$0$1,742,841
91$3,548,650$0$0$1,874,382
92$3,816,843$0$0$2,017,883
93$4,109,438$0$0$2,174,520
94$4,428,832$0$0$2,345,585
95$4,777,660$0$0$2,532,499
96$5,158,828$0$0$2,736,831
97$5,575,530$0$0$2,960,304
98$6,031,288$0$0$3,204,817
99$6,529,974$0$0$3,472,461
100$7,075,857$0$0$3,765,538