Can I retire at age 53 with 331,000?

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 $331,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$27,334$27,090$26,853$26,621$26,394$26,217
2 years$13,532$13,280$13,035$12,798$12,569$12,390
3 years$8,931$8,678$8,435$8,200$7,974$7,799
4 years$6,632$6,379$6,138$5,908$5,687$5,518
5 years$5,252$5,002$4,764$4,538$4,323$4,160
6 years$4,333$4,084$3,850$3,629$3,421$3,263
7 years$3,677$3,430$3,199$2,983$2,782$2,631
8 years$3,185$2,940$2,713$2,503$2,308$2,163
9 years$2,802$2,560$2,337$2,132$1,944$1,805
10 years$2,496$2,256$2,037$1,838$1,656$1,523
11 years$2,246$2,009$1,794$1,599$1,424$1,297
12 years$2,038$1,803$1,592$1,403$1,234$1,113
13 years$1,862$1,629$1,422$1,238$1,076$961
14 years$1,711$1,481$1,278$1,099$944$834
15 years$1,581$1,353$1,154$980$831$726
16 years$1,466$1,241$1,046$878$734$635
17 years$1,366$1,143$952$789$651$557
18 years$1,277$1,056$869$711$579$490
19 years$1,197$979$795$642$516$432
20 years$1,125$910$730$582$461$381
21 years$1,060$847$671$528$412$337
22 years$1,001$791$619$480$370$299
23 years$948$740$571$437$332$265
24 years$898$693$528$399$298$235
25 years$853$650$489$364$268$209
26 years$812$611$454$333$242$186
27 years$773$575$422$305$218$166
28 years$738$542$392$279$197$148
29 years$705$511$365$256$178$132
30 years$674$483$340$235$160$117
31 years$645$457$317$216$145$105
32 years$618$432$295$198$131$94
33 years$593$409$276$182$119$84
34 years$569$388$258$168$108$75
35 years$547$368$241$154$97$67
36 years$526$349$225$142$88$60
37 years$506$332$211$131$80$53
38 years$487$315$198$121$73$48
39 years$469$300$185$111$66$43
40 years$453$285$174$103$60$38
41 years$437$271$163$95$54$34
42 years$421$258$153$87$49$31
43 years$407$246$143$81$45$27
44 years$393$235$134$75$40$25
45 years$380$224$126$69$37$22
46 years$368$214$119$64$33$20
47 years$356$204$111$59$30$18
48 years$344$195$105$54$27$16
49 years$334$186$98$50$25$14
50 years$323$177$92$46$23$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $331,000, adding $6,939 every year, while hoping to spend $21,027 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: 41/33/26 Blend
52$331,000$331,000$331,000$331,000
53$371,920$354,377$349,246$384,084
54$387,483$349,368$338,573$388,484
55$403,929$343,410$326,838$390,745
56$421,325$336,433$313,983$392,784
57$439,746$328,364$299,947$394,593
58$459,273$319,127$284,668$396,163
59$479,993$308,638$268,079$397,490
60$502,005$296,813$250,111$398,568
61$525,412$283,560$230,693$399,395
62$550,331$268,782$209,749$399,969
63$576,889$252,376$187,199$400,290
64$605,224$234,235$162,963$400,362
65$635,488$214,244$136,953$400,191
66$667,848$192,282$109,081$399,786
67$702,486$168,221$79,253$399,160
68$739,603$141,927$47,371$398,331
69$779,417$113,257$13,333$397,321
70$822,171$82,059$0$396,159
71$868,128$48,175$0$401,257
72$917,578$11,437$0$410,641
73$970,841$0$0$420,690
74$1,028,266$0$0$441,786
75$1,090,238$0$0$469,068
76$1,157,179$0$0$498,573
77$1,229,554$0$0$530,509
78$1,307,874$0$0$565,107
79$1,392,698$0$0$602,619
80$1,484,644$0$0$643,323
81$1,584,390$0$0$687,525
82$1,692,682$0$0$735,561
83$1,810,341$0$0$787,801
84$1,938,268$0$0$844,652
85$2,077,458$0$0$906,560
86$2,229,001$0$0$974,020
87$2,394,100$0$0$1,047,573
88$2,574,078$0$0$1,127,816
89$2,770,391$0$0$1,215,405
90$2,984,642$0$0$1,311,064
91$3,218,594$0$0$1,415,588
92$3,474,188$0$0$1,529,854
93$3,753,563$0$0$1,654,826
94$4,059,072$0$0$1,791,566
95$4,393,306$0$0$1,941,244
96$4,759,119$0$0$2,105,148
97$5,159,652$0$0$2,284,695
98$5,598,365$0$0$2,481,449
99$6,079,069$0$0$2,697,128
100$6,605,959$0$0$2,933,627