Can I retire at age 53 with 431,000?

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 $431,000?

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$35,592$35,275$34,965$34,663$34,369$34,152
2 years$17,620$17,291$16,973$16,665$16,366$16,147
3 years$11,630$11,300$10,983$10,677$10,383$10,170
4 years$8,635$8,307$7,993$7,693$7,405$7,198
5 years$6,839$6,513$6,203$5,909$5,629$5,430
6 years$5,642$5,318$5,013$4,725$4,454$4,262
7 years$4,787$4,466$4,166$3,885$3,623$3,438
8 years$4,147$3,828$3,533$3,259$3,005$2,828
9 years$3,649$3,333$3,043$2,776$2,531$2,361
10 years$3,250$2,938$2,653$2,393$2,156$1,994
11 years$2,925$2,616$2,335$2,082$1,855$1,699
12 years$2,654$2,348$2,073$1,827$1,607$1,459
13 years$2,424$2,122$1,852$1,613$1,401$1,260
14 years$2,228$1,928$1,664$1,431$1,229$1,094
15 years$2,058$1,762$1,502$1,277$1,082$954
16 years$1,909$1,616$1,362$1,143$956$834
17 years$1,779$1,489$1,239$1,027$848$732
18 years$1,662$1,375$1,131$926$754$644
19 years$1,558$1,275$1,036$836$672$568
20 years$1,465$1,185$951$757$600$502
21 years$1,380$1,103$874$687$537$445
22 years$1,304$1,030$806$625$481$394
23 years$1,234$963$744$569$432$350
24 years$1,170$903$688$519$388$311
25 years$1,111$847$637$474$349$277
26 years$1,057$796$591$434$315$246
27 years$1,007$749$549$397$284$219
28 years$961$706$510$364$256$196
29 years$917$666$475$333$231$175
30 years$877$629$442$306$209$156
31 years$840$595$412$281$189$139
32 years$805$563$385$258$171$124
33 years$772$533$359$238$155$111
34 years$741$505$336$219$140$99
35 years$712$479$314$201$127$89
36 years$685$455$294$185$115$80
37 years$659$432$275$171$104$71
38 years$634$410$257$157$94$64
39 years$611$390$241$145$86$57
40 years$589$371$226$134$78$51
41 years$568$353$212$123$70$46
42 years$549$337$199$114$64$41
43 years$530$321$186$105$58$37
44 years$512$306$175$97$53$33
45 years$495$291$164$90$48$30
46 years$479$278$154$83$43$26
47 years$463$265$145$77$39$24
48 years$449$253$136$71$36$21
49 years$434$242$128$65$33$19
50 years$421$231$120$60$30$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $431,000, adding $2,890 every year, while hoping to spend $30,559 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: 64/6/30 Blend
52$431,000$431,000$431,000$431,000
53$477,943$455,100$448,420$504,527
54$494,179$444,885$430,927$512,689
55$511,046$433,146$411,824$518,004
56$528,578$419,775$391,025$523,161
57$546,808$404,659$368,440$528,149
58$565,773$387,678$343,973$532,959
59$585,513$368,706$317,528$537,578
60$606,071$347,608$289,001$541,998
61$627,492$324,243$258,284$546,208
62$649,826$298,460$225,266$550,199
63$673,124$270,101$189,829$553,962
64$697,446$238,998$151,850$557,489
65$722,851$204,975$111,203$560,772
66$749,407$167,844$67,754$563,806
67$777,186$127,408$21,363$566,585
68$806,266$83,458$0$569,108
69$836,730$35,773$0$580,380
70$868,671$0$0$599,279
71$902,188$0$0$620,060
72$937,389$0$0$644,375
73$974,389$0$0$669,943
74$1,013,318$0$0$696,854
75$1,054,313$0$0$725,206
76$1,097,524$0$0$755,103
77$1,143,117$0$0$786,662
78$1,191,271$0$0$820,007
79$1,242,180$0$0$855,277
80$1,296,058$0$0$892,621
81$1,353,137$0$0$932,202
82$1,413,672$0$0$974,198
83$1,477,941$0$0$1,018,807
84$1,546,248$0$0$1,066,240
85$1,618,925$0$0$1,116,733
86$1,696,337$0$0$1,170,540
87$1,778,881$0$0$1,227,943
88$1,866,995$0$0$1,289,247
89$1,961,156$0$0$1,354,791
90$2,061,890$0$0$1,424,942
91$2,169,769$0$0$1,500,106
92$2,285,426$0$0$1,580,726
93$2,409,552$0$0$1,667,288
94$2,542,906$0$0$1,760,328
95$2,686,320$0$0$1,860,431
96$2,840,710$0$0$1,968,243
97$3,007,079$0$0$2,084,469
98$3,186,532$0$0$2,209,888
99$3,380,280$0$0$2,345,353
100$3,589,655$0$0$2,491,803