Can I retire at age 53 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$36,087$35,766$35,452$35,146$34,847$33,949
2 years$17,865$17,532$17,210$16,897$16,594$15,696
3 years$11,792$11,457$11,136$10,826$10,528$9,657
4 years$8,756$8,422$8,104$7,800$7,509$6,672
5 years$6,934$6,603$6,289$5,991$5,708$4,907
6 years$5,721$5,392$5,082$4,791$4,516$3,753
7 years$4,854$4,528$4,224$3,939$3,673$2,947
8 years$4,204$3,882$3,582$3,304$3,047$2,358
9 years$3,699$3,380$3,085$2,814$2,566$1,913
10 years$3,296$2,979$2,690$2,426$2,186$1,569
11 years$2,966$2,652$2,368$2,111$1,880$1,298
12 years$2,691$2,380$2,101$1,852$1,630$1,080
13 years$2,458$2,151$1,878$1,635$1,421$904
14 years$2,259$1,955$1,687$1,451$1,246$760
15 years$2,087$1,786$1,523$1,294$1,097$641
16 years$1,936$1,639$1,381$1,159$969$542
17 years$1,803$1,509$1,257$1,041$859$460
18 years$1,685$1,395$1,147$938$764$391
19 years$1,580$1,293$1,050$848$681$333
20 years$1,485$1,201$964$768$608$284
21 years$1,400$1,119$886$697$544$242
22 years$1,322$1,044$817$634$488$207
23 years$1,251$977$754$577$438$177
24 years$1,186$915$698$526$394$152
25 years$1,127$859$646$481$354$130
26 years$1,072$807$599$440$319$111
27 years$1,021$760$556$402$288$95
28 years$974$716$517$369$260$82
29 years$930$675$481$338$234$70
30 years$890$638$448$310$212$60
31 years$852$603$418$285$192$52
32 years$816$570$390$262$173$44
33 years$783$540$364$241$157$38
34 years$751$512$340$222$142$33
35 years$722$486$318$204$129$28
36 years$694$461$298$188$116$24
37 years$668$438$279$173$106$21
38 years$643$416$261$160$96$18
39 years$620$396$244$147$87$15
40 years$597$376$229$136$79$13
41 years$576$358$215$125$71$11
42 years$556$341$201$116$65$10
43 years$537$325$189$107$59$8
44 years$519$310$177$98$53$7
45 years$502$296$167$91$48$6
46 years$485$282$157$84$44$5
47 years$470$269$147$78$40$5
48 years$455$257$138$72$36$4
49 years$440$245$130$66$33$3
50 years$427$234$122$61$30$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $437,000, adding $4,863 every year, while hoping to spend $33,547 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: 51/43/6 Blend
52$437,000$437,000$437,000$437,000
53$486,590$463,429$456,656$510,453
54$500,529$450,443$436,260$514,222
55$514,764$435,697$414,057$514,278
56$529,293$419,068$389,950$513,535
57$544,106$400,429$363,839$511,924
58$559,197$379,641$335,619$509,371
59$574,554$356,563$305,181$505,800
60$590,164$331,040$272,411$501,128
61$606,013$302,913$237,188$495,265
62$622,081$272,011$199,389$488,117
63$638,347$238,153$158,882$479,583
64$654,786$201,150$115,532$469,555
65$671,368$160,800$69,197$457,916
66$688,061$116,892$19,728$444,543
67$704,824$69,201$0$429,304
68$721,615$17,491$0$414,173
69$738,383$0$0$398,369
70$755,071$0$0$398,687
71$771,614$0$0$407,176
72$787,939$0$0$415,517
73$803,965$0$0$423,663
74$819,599$0$0$431,562
75$834,737$0$0$439,154
76$849,262$0$0$446,373
77$863,044$0$0$453,145
78$875,938$0$0$459,386
79$887,779$0$0$465,005
80$898,388$0$0$469,898
81$907,560$0$0$473,949
82$915,070$0$0$477,033
83$920,667$0$0$479,005
84$924,070$0$0$479,707
85$924,970$0$0$478,964
86$923,022$0$0$476,581
87$917,841$0$0$472,341
88$909,002$0$0$466,003
89$896,035$0$0$457,301
90$878,416$0$0$445,941
91$855,566$0$0$431,595
92$826,843$0$0$413,901
93$791,537$0$0$392,458
94$748,860$0$0$366,822
95$697,943$0$0$336,503
96$637,823$0$0$300,958
97$567,434$0$0$259,586
98$485,599$0$0$211,724
99$391,015$0$0$156,639
100$282,245$0$0$93,520