Can I retire at age 53 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$35,344$35,029$34,722$34,422$34,129$33,914
2 years$17,497$17,171$16,855$16,549$16,252$16,035
3 years$11,549$11,221$10,906$10,603$10,311$10,099
4 years$8,575$8,249$7,937$7,639$7,354$7,148
5 years$6,792$6,467$6,160$5,867$5,590$5,392
6 years$5,603$5,281$4,978$4,692$4,423$4,232
7 years$4,754$4,435$4,137$3,858$3,597$3,414
8 years$4,118$3,802$3,508$3,236$2,984$2,808
9 years$3,623$3,310$3,022$2,757$2,513$2,344
10 years$3,228$2,918$2,634$2,376$2,141$1,980
11 years$2,904$2,597$2,319$2,068$1,842$1,687
12 years$2,635$2,331$2,058$1,814$1,596$1,449
13 years$2,408$2,107$1,839$1,601$1,392$1,251
14 years$2,213$1,915$1,652$1,422$1,220$1,086
15 years$2,044$1,749$1,492$1,268$1,074$947
16 years$1,896$1,605$1,352$1,135$949$829
17 years$1,766$1,478$1,231$1,020$842$727
18 years$1,651$1,366$1,123$919$748$640
19 years$1,547$1,266$1,028$831$667$564
20 years$1,455$1,176$944$752$596$499
21 years$1,371$1,096$868$683$533$441
22 years$1,295$1,023$800$621$478$391
23 years$1,225$957$739$565$429$347
24 years$1,162$896$683$516$386$309
25 years$1,103$841$633$471$347$275
26 years$1,050$791$587$431$313$245
27 years$1,000$744$545$394$282$218
28 years$954$701$507$361$254$194
29 years$911$661$472$331$230$173
30 years$871$625$439$304$207$155
31 years$834$590$409$279$188$138
32 years$799$559$382$256$170$124
33 years$766$529$357$236$154$110
34 years$736$501$333$217$139$99
35 years$707$476$312$200$126$88
36 years$680$451$291$184$114$79
37 years$654$429$273$170$103$71
38 years$630$407$255$156$94$63
39 years$607$387$239$144$85$57
40 years$585$369$224$133$77$51
41 years$565$351$210$123$70$45
42 years$545$334$197$113$63$41
43 years$526$318$185$104$58$37
44 years$509$304$174$96$52$33
45 years$492$289$163$89$47$29
46 years$475$276$153$82$43$26
47 years$460$263$144$76$39$24
48 years$445$252$135$70$36$21
49 years$431$240$127$65$32$19
50 years$418$229$120$60$29$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $428,000, adding $5,902 every year, while hoping to spend $26,141 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: 37/45/18 Blend
52$428,000$428,000$428,000$428,000
53$477,744$455,060$448,426$492,626
54$498,660$449,544$435,634$498,403
55$520,833$442,882$421,538$501,734
56$544,365$434,989$406,066$504,784
57$569,364$425,778$389,143$507,542
58$595,952$415,153$370,692$509,999
59$624,259$403,017$350,631$512,145
60$654,431$389,262$328,875$513,975
61$686,626$373,778$305,334$515,483
62$721,015$356,447$279,917$516,667
63$757,790$337,144$252,525$517,527
64$797,157$315,736$223,057$518,068
65$839,345$292,085$191,407$518,296
66$884,603$266,043$157,465$518,223
67$933,207$237,454$121,114$517,867
68$985,458$206,152$82,235$517,249
69$1,041,685$171,964$40,700$516,399
70$1,102,252$134,706$0$515,354
71$1,167,558$94,183$0$514,855
72$1,238,042$50,190$0$522,648
73$1,314,183$2,510$0$531,003
74$1,396,511$0$0$540,026
75$1,485,608$0$0$574,146
76$1,582,111$0$0$612,499
77$1,686,725$0$0$654,128
78$1,800,222$0$0$699,346
79$1,923,451$0$0$748,499
80$2,057,347$0$0$801,967
81$2,202,938$0$0$860,168
82$2,361,355$0$0$923,562
83$2,533,843$0$0$992,656
84$2,721,771$0$0$1,068,006
85$2,926,646$0$0$1,150,226
86$3,150,126$0$0$1,239,991
87$3,394,039$0$0$1,338,044
88$3,660,392$0$0$1,445,203
89$3,951,398$0$0$1,562,368
90$4,269,492$0$0$1,690,532
91$4,617,357$0$0$1,830,785
92$4,997,943$0$0$1,984,331
93$5,414,502$0$0$2,152,492
94$5,870,614$0$0$2,336,728
95$6,370,219$0$0$2,538,643
96$6,917,660$0$0$2,760,005
97$7,517,716$0$0$3,002,763
98$8,175,653$0$0$3,269,062
99$8,897,271$0$0$3,561,263
100$9,688,956$0$0$3,881,970