Can I retire at age 53 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$35,426$35,111$34,803$34,502$34,209$33,670
2 years$17,538$17,211$16,895$16,588$16,290$15,748
3 years$11,576$11,248$10,932$10,628$10,335$9,808
4 years$8,595$8,268$7,956$7,657$7,371$6,862
5 years$6,807$6,482$6,174$5,881$5,603$5,114
6 years$5,616$5,293$4,989$4,703$4,434$3,965
7 years$4,765$4,445$4,146$3,867$3,606$3,157
8 years$4,128$3,811$3,516$3,244$2,991$2,563
9 years$3,632$3,318$3,029$2,763$2,519$2,111
10 years$3,235$2,924$2,640$2,382$2,146$1,758
11 years$2,911$2,603$2,325$2,073$1,846$1,477
12 years$2,641$2,337$2,063$1,818$1,600$1,250
13 years$2,413$2,112$1,843$1,605$1,395$1,064
14 years$2,218$1,919$1,656$1,425$1,223$909
15 years$2,049$1,753$1,495$1,271$1,077$781
16 years$1,901$1,609$1,356$1,138$952$672
17 years$1,770$1,482$1,234$1,022$844$581
18 years$1,654$1,369$1,126$921$750$503
19 years$1,551$1,269$1,031$832$669$436
20 years$1,458$1,179$946$754$597$379
21 years$1,374$1,098$870$684$534$330
22 years$1,298$1,025$802$622$479$287
23 years$1,228$959$741$567$430$250
24 years$1,165$898$685$517$387$219
25 years$1,106$843$634$472$348$191
26 years$1,052$792$588$432$313$167
27 years$1,002$746$546$395$282$146
28 years$956$703$508$362$255$128
29 years$913$663$473$332$230$112
30 years$873$626$440$305$208$98
31 years$836$592$410$280$188$86
32 years$801$560$383$257$170$75
33 years$768$530$358$236$154$66
34 years$738$503$334$218$139$58
35 years$709$477$312$200$126$51
36 years$681$452$292$184$114$45
37 years$656$430$273$170$104$39
38 years$631$408$256$157$94$34
39 years$608$388$240$144$85$30
40 years$587$369$225$133$77$27
41 years$566$352$211$123$70$23
42 years$546$335$198$113$64$20
43 years$527$319$186$105$58$18
44 years$510$304$174$97$52$16
45 years$493$290$164$89$48$14
46 years$477$277$154$82$43$12
47 years$461$264$144$76$39$11
48 years$446$252$136$70$36$9
49 years$432$241$128$65$32$8
50 years$419$230$120$60$29$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $429,000, adding $5,810 every year, while hoping to spend $30,170 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: 79/14/7 Blend
52$429,000$429,000$429,000$429,000
53$478,751$456,014$449,365$515,732
54$495,483$446,258$432,318$531,053
55$512,910$435,013$413,688$543,317
56$531,072$422,174$393,392$555,868
57$550,011$407,629$371,340$568,721
58$569,772$391,263$347,439$581,891
59$590,403$372,950$321,593$595,396
60$611,958$352,558$293,701$609,255
61$634,494$329,949$263,656$623,490
62$658,072$304,977$231,348$638,124
63$682,759$277,484$196,662$653,186
64$708,628$247,308$159,477$668,704
65$735,756$214,274$119,668$684,714
66$764,229$178,200$77,103$701,253
67$794,139$138,890$31,644$718,362
68$825,587$96,141$0$736,089
69$858,681$49,737$0$755,747
70$893,541$0$0$778,738
71$930,296$0$0$802,859
72$969,087$0$0$836,407
73$1,010,067$0$0$871,855
74$1,053,404$0$0$909,348
75$1,099,282$0$0$949,044
76$1,147,899$0$0$991,119
77$1,199,475$0$0$1,035,761
78$1,254,248$0$0$1,083,178
79$1,312,479$0$0$1,133,598
80$1,374,455$0$0$1,187,268
81$1,440,487$0$0$1,244,461
82$1,510,918$0$0$1,305,475
83$1,586,124$0$0$1,370,635
84$1,666,515$0$0$1,440,300
85$1,752,542$0$0$1,514,862
86$1,844,699$0$0$1,594,750
87$1,943,528$0$0$1,680,435
88$2,049,623$0$0$1,772,436
89$2,163,638$0$0$1,871,319
90$2,286,289$0$0$1,977,709
91$2,418,361$0$0$2,092,289
92$2,560,720$0$0$2,215,811
93$2,714,313$0$0$2,349,101
94$2,880,183$0$0$2,493,065
95$3,059,475$0$0$2,648,701
96$3,253,450$0$0$2,817,105
97$3,463,489$0$0$2,999,480
98$3,691,116$0$0$3,197,150
99$3,938,002$0$0$3,411,572
100$4,205,989$0$0$3,644,348