Can I retire at age 53 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$35,509$35,193$34,884$34,583$34,289$33,917
2 years$17,579$17,251$16,934$16,626$16,328$15,953
3 years$11,603$11,274$10,957$10,653$10,359$9,993
4 years$8,615$8,288$7,974$7,675$7,388$7,034
5 years$6,823$6,498$6,188$5,895$5,616$5,276
6 years$5,629$5,306$5,001$4,714$4,444$4,117
7 years$4,776$4,456$4,156$3,876$3,614$3,300
8 years$4,137$3,819$3,525$3,251$2,998$2,698
9 years$3,640$3,325$3,036$2,769$2,525$2,238
10 years$3,243$2,931$2,647$2,387$2,151$1,877
11 years$2,918$2,610$2,330$2,078$1,850$1,589
12 years$2,648$2,342$2,068$1,822$1,603$1,355
13 years$2,419$2,117$1,847$1,609$1,398$1,162
14 years$2,223$1,924$1,660$1,428$1,226$1,002
15 years$2,053$1,758$1,499$1,274$1,079$867
16 years$1,905$1,613$1,359$1,140$954$753
17 years$1,774$1,485$1,236$1,025$846$656
18 years$1,658$1,372$1,129$923$752$572
19 years$1,555$1,272$1,033$834$670$501
20 years$1,461$1,182$948$756$599$439
21 years$1,377$1,101$872$686$536$385
22 years$1,301$1,028$804$624$480$339
23 years$1,231$961$742$568$431$298
24 years$1,167$900$686$518$387$263
25 years$1,109$845$636$473$349$232
26 years$1,055$794$590$433$314$205
27 years$1,005$747$548$396$283$181
28 years$958$704$509$363$255$160
29 years$915$664$474$333$231$141
30 years$875$627$441$305$208$125
31 years$838$593$411$280$188$111
32 years$803$561$384$258$170$98
33 years$770$532$358$237$154$87
34 years$739$504$335$218$140$77
35 years$710$478$313$201$127$68
36 years$683$454$293$185$115$60
37 years$657$431$274$170$104$54
38 years$633$409$257$157$94$48
39 years$610$389$240$145$85$42
40 years$588$370$225$133$77$37
41 years$567$353$211$123$70$33
42 years$547$336$198$114$64$29
43 years$529$320$186$105$58$26
44 years$511$305$175$97$53$23
45 years$494$291$164$89$48$21
46 years$478$277$154$83$43$18
47 years$462$265$145$76$39$16
48 years$447$253$136$71$36$14
49 years$433$241$128$65$32$13
50 years$420$231$120$60$29$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $430,000, adding $4,226 every year, while hoping to spend $32,418 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: 68/20/12 Blend
52$430,000$430,000$430,000$430,000
53$478,219$455,429$448,764$509,200
54$492,505$443,253$429,305$518,169
55$507,161$429,393$408,108$523,706
56$522,192$413,734$385,080$528,922
57$537,600$396,151$360,124$533,780
58$553,387$376,514$333,140$538,243
59$569,554$354,685$304,022$542,269
60$586,102$330,517$272,660$545,815
61$603,028$303,857$238,938$548,832
62$620,331$274,540$202,737$551,270
63$638,007$242,394$163,930$553,075
64$656,049$207,237$122,387$554,186
65$674,450$168,876$77,971$554,541
66$693,199$127,106$30,539$554,073
67$712,285$81,713$0$552,707
68$731,691$32,471$0$552,938
69$751,400$0$0$556,449
70$771,388$0$0$563,848
71$791,631$0$0$578,569
72$812,098$0$0$593,445
73$832,753$0$0$608,447
74$853,557$0$0$623,546
75$874,462$0$0$638,705
76$895,416$0$0$653,885
77$916,357$0$0$669,039
78$937,217$0$0$684,115
79$957,918$0$0$699,054
80$978,371$0$0$713,789
81$998,477$0$0$728,245
82$1,018,123$0$0$742,338
83$1,037,184$0$0$755,973
84$1,055,518$0$0$769,043
85$1,072,968$0$0$781,428
86$1,089,355$0$0$792,996
87$1,104,483$0$0$803,598
88$1,118,131$0$0$813,067
89$1,130,051$0$0$821,218
90$1,139,971$0$0$827,845
91$1,147,584$0$0$832,718
92$1,152,550$0$0$835,582
93$1,154,493$0$0$836,152
94$1,152,991$0$0$834,114
95$1,147,580$0$0$829,117
96$1,137,741$0$0$820,774
97$1,122,902$0$0$808,652
98$1,102,427$0$0$792,275
99$1,075,610$0$0$771,114
100$1,041,671$0$0$744,582