Can I retire at age 53 with 435,000?

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 $435,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$35,922$35,602$35,290$34,985$34,688$33,404
2 years$17,783$17,452$17,131$16,820$16,518$15,239
3 years$11,738$11,405$11,085$10,777$10,480$9,246
4 years$8,716$8,384$8,067$7,764$7,474$6,295
5 years$6,903$6,573$6,260$5,963$5,682$4,560
6 years$5,695$5,367$5,059$4,769$4,496$3,432
7 years$4,832$4,508$4,204$3,921$3,656$2,651
8 years$4,185$3,864$3,566$3,289$3,033$2,085
9 years$3,683$3,364$3,071$2,802$2,554$1,662
10 years$3,281$2,965$2,677$2,415$2,176$1,339
11 years$2,952$2,640$2,357$2,102$1,872$1,086
12 years$2,678$2,369$2,092$1,844$1,622$887
13 years$2,447$2,141$1,869$1,628$1,415$728
14 years$2,249$1,946$1,679$1,445$1,240$600
15 years$2,077$1,778$1,516$1,288$1,092$496
16 years$1,927$1,631$1,375$1,154$965$411
17 years$1,795$1,502$1,251$1,037$856$341
18 years$1,678$1,388$1,142$934$761$284
19 years$1,573$1,287$1,045$844$678$236
20 years$1,478$1,196$959$765$606$197
21 years$1,393$1,114$882$694$542$165
22 years$1,316$1,040$813$631$486$137
23 years$1,245$972$751$575$436$115
24 years$1,181$911$694$524$392$96
25 years$1,121$855$643$479$353$80
26 years$1,067$803$597$438$318$67
27 years$1,016$756$554$401$286$56
28 years$970$713$515$367$258$47
29 years$926$672$479$337$233$40
30 years$885$635$446$309$211$33
31 years$848$600$416$284$191$28
32 years$812$568$388$261$172$23
33 years$779$538$363$240$156$20
34 years$748$510$339$221$141$16
35 years$719$483$317$203$128$14
36 years$691$459$296$187$116$12
37 years$665$436$277$172$105$10
38 years$640$414$260$159$95$8
39 years$617$394$243$146$86$7
40 years$595$375$228$135$78$6
41 years$574$357$214$125$71$5
42 years$554$340$201$115$65$4
43 years$535$324$188$106$59$3
44 years$517$308$177$98$53$3
45 years$500$294$166$91$48$2
46 years$483$281$156$84$44$2
47 years$468$268$146$77$40$2
48 years$453$256$138$71$36$1
49 years$438$244$129$66$33$1
50 years$425$233$122$61$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $435,000, adding $2,291 every year, while hoping to spend $27,908 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: 59/31/10 Blend
52$435,000$435,000$435,000$435,000
53$481,733$458,678$451,936$508,892
54$501,176$451,460$437,382$520,206
55$521,667$442,952$421,405$529,184
56$543,283$433,062$403,928$538,292
57$566,108$421,693$384,870$547,544
58$590,235$408,740$364,147$556,958
59$615,765$394,094$341,671$566,555
60$642,806$377,637$317,350$576,357
61$671,478$359,248$291,088$586,394
62$701,913$338,795$262,784$596,697
63$734,254$316,142$232,332$607,305
64$768,657$291,141$199,624$618,260
65$805,293$263,641$164,545$629,612
66$844,351$233,477$126,975$641,419
67$886,035$200,478$86,790$653,744
68$930,571$164,462$43,858$666,662
69$978,207$125,238$0$680,257
70$1,029,211$82,602$0$694,833
71$1,083,882$36,341$0$715,297
72$1,142,544$0$0$737,103
73$1,205,556$0$0$765,103
74$1,273,308$0$0$808,564
75$1,346,232$0$0$855,370
76$1,424,800$0$0$905,825
77$1,509,531$0$0$960,269
78$1,600,997$0$0$1,019,070
79$1,699,822$0$0$1,082,636
80$1,806,697$0$0$1,151,413
81$1,922,378$0$0$1,225,894
82$2,047,698$0$0$1,306,618
83$2,183,571$0$0$1,394,180
84$2,331,004$0$0$1,489,234
85$2,491,104$0$0$1,592,498
86$2,665,087$0$0$1,704,763
87$2,854,294$0$0$1,826,898
88$3,060,196$0$0$1,959,861
89$3,284,415$0$0$2,104,705
90$3,528,736$0$0$2,262,588
91$3,795,120$0$0$2,434,787
92$4,085,729$0$0$2,622,704
93$4,402,940$0$0$2,827,885
94$4,749,372$0$0$3,052,031
95$5,127,905$0$0$3,297,015
96$5,541,713$0$0$3,564,897
97$5,994,289$0$0$3,857,949
98$6,489,478$0$0$4,178,669
99$7,031,514$0$0$4,529,810
100$7,625,062$0$0$4,914,402