Can I retire at age 53 with 417,000?

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 $417,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$34,435$34,129$33,829$33,537$33,252$32,330
2 years$17,047$16,730$16,422$16,124$15,834$14,913
3 years$11,252$10,933$10,626$10,331$10,046$9,153
4 years$8,355$8,037$7,733$7,443$7,165$6,308
5 years$6,617$6,301$6,001$5,717$5,447$4,627
6 years$5,459$5,145$4,850$4,572$4,310$3,529
7 years$4,632$4,321$4,030$3,759$3,505$2,763
8 years$4,012$3,704$3,418$3,153$2,908$2,205
9 years$3,530$3,225$2,944$2,686$2,449$1,783
10 years$3,145$2,843$2,567$2,315$2,086$1,458
11 years$2,830$2,531$2,260$2,015$1,794$1,202
12 years$2,567$2,271$2,005$1,767$1,555$997
13 years$2,346$2,053$1,792$1,560$1,356$832
14 years$2,156$1,866$1,610$1,385$1,189$697
15 years$1,991$1,704$1,453$1,235$1,047$586
16 years$1,847$1,564$1,318$1,106$925$494
17 years$1,721$1,440$1,199$994$820$417
18 years$1,608$1,331$1,095$896$729$353
19 years$1,508$1,233$1,002$809$650$300
20 years$1,417$1,146$920$733$581$255
21 years$1,336$1,068$846$665$520$217
22 years$1,261$997$780$605$466$184
23 years$1,194$932$720$551$418$157
24 years$1,132$873$666$502$376$134
25 years$1,075$819$617$459$338$114
26 years$1,023$770$572$419$305$98
27 years$974$725$531$384$275$83
28 years$929$683$494$352$248$71
29 years$888$644$459$323$224$61
30 years$849$609$428$296$202$52
31 years$813$575$399$272$183$44
32 years$779$544$372$250$165$38
33 years$747$515$348$230$150$33
34 years$717$489$325$211$135$28
35 years$689$463$304$195$123$24
36 years$662$440$284$179$111$20
37 years$637$418$266$165$101$17
38 years$614$397$249$152$91$15
39 years$591$377$233$140$83$13
40 years$570$359$219$129$75$11
41 years$550$342$205$119$68$9
42 years$531$326$192$110$62$8
43 years$513$310$180$102$56$7
44 years$495$296$169$94$51$6
45 years$479$282$159$87$46$5
46 years$463$269$149$80$42$4
47 years$448$257$140$74$38$4
48 years$434$245$132$68$35$3
49 years$420$234$124$63$31$3
50 years$407$224$117$58$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $417,000, adding $5,321 every year, while hoping to spend $28,032 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: 36/48/16 Blend
52$417,000$417,000$417,000$417,000
53$465,023$442,922$436,458$479,316
54$482,629$434,799$421,254$482,014
55$501,092$425,339$404,600$481,883
56$520,469$414,446$386,420$481,142
57$540,823$402,020$366,631$479,754
58$562,221$387,953$345,148$477,675
59$584,739$372,134$321,881$474,866
60$608,456$354,443$296,739$471,281
61$633,461$334,753$269,622$466,877
62$659,850$312,931$240,429$461,608
63$687,725$288,836$209,055$455,425
64$717,202$262,318$175,387$448,281
65$748,405$233,219$139,310$440,126
66$781,468$201,373$100,703$430,911
67$816,541$166,604$59,440$420,584
68$853,786$128,724$15,389$409,094
69$893,379$87,539$0$396,391
70$935,514$42,839$0$387,820
71$980,404$0$0$381,088
72$1,028,281$0$0$376,494
73$1,079,400$0$0$395,784
74$1,134,039$0$0$416,438
75$1,192,505$0$0$438,579
76$1,255,132$0$0$462,337
77$1,322,288$0$0$487,858
78$1,394,376$0$0$515,300
79$1,471,840$0$0$544,838
80$1,555,165$0$0$576,665
81$1,644,885$0$0$610,989
82$1,741,586$0$0$648,043
83$1,845,912$0$0$688,080
84$1,958,569$0$0$731,380
85$2,080,335$0$0$778,250
86$2,212,064$0$0$829,027
87$2,354,695$0$0$884,082
88$2,509,260$0$0$943,824
89$2,676,893$0$0$1,008,701
90$2,858,843$0$0$1,079,206
91$3,056,483$0$0$1,155,882
92$3,271,321$0$0$1,239,327
93$3,505,021$0$0$1,330,199
94$3,759,409$0$0$1,429,220
95$4,036,495$0$0$1,537,186
96$4,338,494$0$0$1,654,973
97$4,667,841$0$0$1,783,547
98$5,027,215$0$0$1,923,967
99$5,419,569$0$0$2,077,403
100$5,848,149$0$0$2,245,141