Can I retire at age 53 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$36,583$36,257$35,939$35,628$35,325$34,485
2 years$18,110$17,773$17,446$17,129$16,822$15,980
3 years$11,954$11,615$11,289$10,975$10,672$9,856
4 years$8,876$8,538$8,215$7,907$7,612$6,826
5 years$7,030$6,694$6,375$6,073$5,786$5,034
6 years$5,799$5,466$5,152$4,857$4,578$3,861
7 years$4,921$4,590$4,282$3,993$3,723$3,040
8 years$4,262$3,935$3,631$3,350$3,089$2,440
9 years$3,750$3,426$3,127$2,853$2,601$1,985
10 years$3,341$3,020$2,727$2,459$2,217$1,633
11 years$3,006$2,688$2,400$2,140$1,906$1,355
12 years$2,728$2,413$2,130$1,877$1,652$1,132
13 years$2,492$2,181$1,903$1,657$1,441$950
14 years$2,290$1,982$1,710$1,471$1,263$802
15 years$2,115$1,811$1,544$1,312$1,112$679
16 years$1,963$1,661$1,400$1,175$983$576
17 years$1,828$1,530$1,274$1,056$871$491
18 years$1,708$1,414$1,163$951$775$418
19 years$1,602$1,310$1,065$860$691$358
20 years$1,506$1,218$977$779$617$306
21 years$1,419$1,134$899$707$552$262
22 years$1,340$1,059$828$642$495$225
23 years$1,268$990$765$585$444$193
24 years$1,203$928$707$534$399$166
25 years$1,142$871$655$487$359$143
26 years$1,086$818$608$446$324$123
27 years$1,035$770$564$408$292$106
28 years$987$726$524$374$263$91
29 years$943$685$488$343$238$79
30 years$902$646$455$315$215$68
31 years$863$611$424$289$194$58
32 years$827$578$395$265$176$50
33 years$793$548$369$244$159$43
34 years$762$519$345$225$144$37
35 years$732$492$323$207$130$32
36 years$704$467$302$190$118$28
37 years$677$444$282$175$107$24
38 years$652$422$264$162$97$21
39 years$628$401$248$149$88$18
40 years$606$382$232$138$80$15
41 years$584$363$218$127$72$13
42 years$564$346$204$117$66$12
43 years$545$330$192$108$60$10
44 years$526$314$180$100$54$9
45 years$509$300$169$92$49$7
46 years$492$286$159$85$45$6
47 years$476$273$149$79$41$6
48 years$461$260$140$73$37$5
49 years$446$249$132$67$33$4
50 years$433$237$124$62$30$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $443,000, adding $2,150 every year, while hoping to spend $20,319 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: 49/23/28 Blend
52$443,000$443,000$443,000$443,000
53$490,404$466,925$460,058$510,438
54$518,806$468,185$453,851$525,966
55$549,424$468,826$446,755$540,648
56$582,462$468,795$438,718$556,205
57$618,146$468,039$429,688$572,729
58$656,722$466,498$419,608$590,324
59$698,462$464,111$408,419$609,103
60$743,664$460,811$396,060$629,195
61$792,657$456,530$382,467$650,741
62$845,800$451,193$367,572$673,900
63$903,492$444,721$351,306$698,845
64$966,168$437,032$333,594$725,772
65$1,034,308$428,037$314,361$754,896
66$1,108,440$417,644$293,525$786,456
67$1,189,146$405,754$271,003$820,720
68$1,277,065$392,262$246,707$857,980
69$1,372,900$377,057$220,547$898,565
70$1,477,426$360,023$192,425$942,835
71$1,591,495$341,036$162,243$991,194
72$1,716,046$319,964$129,896$1,044,086
73$1,852,110$296,670$95,275$1,102,003
74$2,000,825$271,007$58,267$1,165,492
75$2,163,443$242,820$18,753$1,235,157
76$2,341,342$211,946$0$1,311,666
77$2,536,039$178,212$0$1,402,756
78$2,749,206$141,435$0$1,508,685
79$2,982,682$101,422$0$1,624,790
80$3,238,493$57,970$0$1,752,116
81$3,518,873$10,863$0$1,891,816
82$3,826,277$0$0$2,045,162
83$4,163,414$0$0$2,223,713
84$4,533,265$0$0$2,422,655
85$4,939,114$0$0$2,641,011
86$5,384,578$0$0$2,880,734
87$5,873,643$0$0$3,143,974
88$6,410,697$0$0$3,433,100
89$7,000,576$0$0$3,750,724
90$7,648,606$0$0$4,099,720
91$8,360,655$0$0$4,483,255
92$9,143,188$0$0$4,904,820
93$10,003,326$0$0$5,368,259
94$10,948,915$0$0$5,877,809
95$11,988,600$0$0$6,438,135
96$13,131,904$0$0$7,054,379
97$14,389,320$0$0$7,732,205
98$15,772,407$0$0$8,477,856
99$17,293,905$0$0$9,298,208
100$18,967,845$0$0$10,200,838