Can I retire at age 53 with 427,000?

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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$35,261$34,947$34,641$34,342$34,050$33,308
2 years$17,456$17,131$16,816$16,510$16,214$15,470
3 years$11,522$11,195$10,881$10,578$10,287$9,565
4 years$8,555$8,230$7,919$7,621$7,337$6,641
5 years$6,776$6,452$6,145$5,854$5,577$4,911
6 years$5,590$5,269$4,966$4,681$4,413$3,776
7 years$4,743$4,425$4,127$3,849$3,589$2,982
8 years$4,108$3,793$3,500$3,229$2,977$2,400
9 years$3,615$3,302$3,015$2,750$2,507$1,959
10 years$3,220$2,911$2,628$2,371$2,136$1,617
11 years$2,898$2,591$2,314$2,063$1,837$1,345
12 years$2,629$2,326$2,053$1,810$1,592$1,127
13 years$2,402$2,102$1,835$1,598$1,388$950
14 years$2,207$1,911$1,648$1,418$1,217$804
15 years$2,039$1,745$1,488$1,265$1,072$683
16 years$1,892$1,601$1,349$1,132$947$582
17 years$1,762$1,475$1,228$1,018$840$497
18 years$1,647$1,363$1,121$917$747$426
19 years$1,544$1,263$1,026$829$666$365
20 years$1,451$1,174$942$750$594$314
21 years$1,368$1,093$866$681$532$270
22 years$1,292$1,020$798$619$477$232
23 years$1,222$954$737$564$428$200
24 years$1,159$894$682$514$385$173
25 years$1,101$839$631$470$346$149
26 years$1,047$789$586$430$312$129
27 years$998$742$544$393$281$111
28 years$952$699$505$360$254$96
29 years$909$660$470$330$229$83
30 years$869$623$438$303$207$72
31 years$832$589$408$278$187$62
32 years$797$557$381$256$169$54
33 years$765$528$356$235$153$47
34 years$734$500$332$216$139$41
35 years$705$474$311$199$126$35
36 years$678$450$291$184$114$30
37 years$653$428$272$169$103$26
38 years$628$407$255$156$94$23
39 years$605$387$239$144$85$20
40 years$584$368$224$133$77$17
41 years$563$350$210$122$70$15
42 years$544$333$197$113$63$13
43 years$525$318$185$104$57$11
44 years$507$303$173$96$52$10
45 years$490$289$163$89$47$8
46 years$474$275$153$82$43$7
47 years$459$263$144$76$39$6
48 years$444$251$135$70$35$5
49 years$430$240$127$65$32$5
50 years$417$229$119$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $427,000, adding $5,118 every year, while hoping to spend $22,290 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: 85/7/8 Blend
52$427,000$427,000$427,000$427,000
53$475,833$453,202$446,584$515,425
54$500,652$451,693$437,828$540,529
55$527,255$449,362$428,032$564,536
56$555,801$446,147$417,137$590,210
57$586,464$441,979$405,082$617,703
58$619,434$436,787$391,803$647,183
59$654,922$430,495$377,234$678,836
60$693,157$423,023$361,304$712,866
61$734,392$414,284$343,941$749,498
62$778,905$404,189$325,068$788,977
63$827,001$392,642$304,606$831,578
64$879,015$379,541$282,470$877,599
65$935,315$364,780$258,574$927,371
66$996,308$348,244$232,827$981,257
67$1,062,438$329,815$205,133$1,039,659
68$1,134,195$309,364$175,393$1,103,017
69$1,212,118$286,758$143,504$1,171,818
70$1,296,800$261,855$109,357$1,246,598
71$1,388,892$234,505$72,839$1,327,947
72$1,489,112$204,548$33,832$1,416,515
73$1,598,249$171,818$0$1,513,020
74$1,717,171$136,138$0$1,618,917
75$1,846,833$97,320$0$1,737,536
76$1,988,289$55,167$0$1,866,956
77$2,142,695$9,471$0$2,008,248
78$2,311,326$0$0$2,162,588
79$2,495,584$0$0$2,334,354
80$2,697,015$0$0$2,522,931
81$2,917,318$0$0$2,729,184
82$3,158,367$0$0$2,954,865
83$3,422,222$0$0$3,201,905
84$3,711,154$0$0$3,472,431
85$4,027,662$0$0$3,768,785
86$4,374,501$0$0$4,093,545
87$4,754,702$0$0$4,449,552
88$5,171,604$0$0$4,839,932
89$5,628,886$0$0$5,268,132
90$6,130,599$0$0$5,737,947
91$6,681,204$0$0$6,253,555
92$7,285,618$0$0$6,819,560
93$7,949,255$0$0$7,441,035
94$8,678,078$0$0$8,123,565
95$9,478,658$0$0$8,873,305
96$10,358,233$0$0$9,697,034
97$11,324,776$0$0$10,602,221
98$12,387,072$0$0$11,597,094
99$13,554,798$0$0$12,690,718
100$14,838,615$0$0$13,893,079