Can I retire at age 53 with 433,000?

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 $433,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$35,757$35,438$35,127$34,824$34,528$33,612
2 years$17,701$17,372$17,052$16,742$16,442$15,525
3 years$11,684$11,353$11,034$10,727$10,431$9,543
4 years$8,675$8,345$8,030$7,728$7,440$6,586
5 years$6,871$6,543$6,231$5,936$5,656$4,839
6 years$5,668$5,343$5,036$4,747$4,475$3,697
7 years$4,810$4,487$4,185$3,903$3,639$2,900
8 years$4,166$3,846$3,549$3,274$3,019$2,317
9 years$3,666$3,349$3,057$2,789$2,543$1,878
10 years$3,266$2,952$2,665$2,404$2,166$1,538
11 years$2,938$2,628$2,346$2,092$1,863$1,270
12 years$2,666$2,358$2,082$1,835$1,615$1,056
13 years$2,436$2,131$1,860$1,620$1,408$883
14 years$2,238$1,937$1,672$1,438$1,234$741
15 years$2,068$1,770$1,509$1,283$1,087$624
16 years$1,918$1,624$1,368$1,148$960$527
17 years$1,787$1,495$1,245$1,032$852$447
18 years$1,670$1,382$1,137$930$757$379
19 years$1,565$1,281$1,041$840$675$322
20 years$1,472$1,190$955$761$603$274
21 years$1,387$1,109$878$691$539$234
22 years$1,310$1,035$810$628$484$200
23 years$1,240$968$747$572$434$170
24 years$1,175$907$691$522$390$146
25 years$1,116$851$640$476$351$125
26 years$1,062$800$594$436$316$107
27 years$1,012$753$551$399$285$91
28 years$965$709$513$365$257$78
29 years$922$669$477$335$232$67
30 years$881$632$444$307$210$57
31 years$844$597$414$282$190$49
32 years$808$565$386$259$172$42
33 years$775$535$361$239$155$36
34 years$744$507$337$220$141$31
35 years$715$481$315$202$127$27
36 years$688$457$295$186$115$23
37 years$662$434$276$171$105$20
38 years$637$412$258$158$95$17
39 years$614$392$242$146$86$14
40 years$592$373$227$134$78$12
41 years$571$355$213$124$71$11
42 years$551$338$200$114$64$9
43 years$532$322$187$106$58$8
44 years$514$307$176$98$53$7
45 years$497$293$165$90$48$6
46 years$481$279$155$83$44$5
47 years$465$267$146$77$40$4
48 years$451$254$137$71$36$4
49 years$436$243$129$66$33$3
50 years$423$232$121$61$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $433,000, adding $3,090 every year, while hoping to spend $34,130 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: 53/17/30 Blend
52$433,000$433,000$433,000$433,000
53$480,353$457,404$450,693$501,631
54$493,035$443,503$429,477$502,842
55$505,867$427,777$406,407$500,462
56$518,828$410,100$381,383$497,206
57$531,893$390,340$354,305$493,006
58$545,036$368,356$325,063$487,786
59$558,224$344,000$293,548$481,468
60$571,422$317,115$259,640$473,966
61$584,588$287,535$223,219$465,188
62$597,675$255,084$184,157$455,037
63$610,632$219,577$142,320$443,407
64$623,398$180,817$97,569$430,185
65$635,906$138,599$49,760$415,252
66$648,081$92,703$0$398,476
67$659,839$42,899$0$380,122
68$671,084$0$0$376,661
69$681,709$0$0$374,108
70$691,598$0$0$379,125
71$700,616$0$0$383,611
72$708,615$0$0$387,477
73$715,432$0$0$390,627
74$720,882$0$0$392,952
75$724,761$0$0$394,333
76$726,841$0$0$394,635
77$726,870$0$0$393,711
78$724,568$0$0$391,396
79$719,624$0$0$387,506
80$711,691$0$0$381,840
81$700,387$0$0$374,172
82$685,287$0$0$364,254
83$665,921$0$0$351,809
84$641,768$0$0$336,532
85$612,250$0$0$318,086
86$576,731$0$0$296,096
87$534,502$0$0$270,148
88$484,782$0$0$239,785
89$426,708$0$0$204,500
90$359,323$0$0$163,735
91$281,571$0$0$116,870
92$192,285$0$0$63,223
93$90,175$0$0$2,038
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0