Can I retire at age 53 with 334,000?

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 $334,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$27,581$27,336$27,096$26,862$26,634$26,139
2 years$13,654$13,400$13,153$12,914$12,683$12,186
3 years$9,012$8,757$8,511$8,274$8,046$7,563
4 years$6,692$6,437$6,194$5,961$5,739$5,273
5 years$5,300$5,047$4,807$4,579$4,363$3,915
6 years$4,372$4,121$3,885$3,662$3,452$3,024
7 years$3,710$3,461$3,228$3,010$2,807$2,399
8 years$3,214$2,967$2,738$2,525$2,329$1,939
9 years$2,828$2,583$2,358$2,151$1,961$1,591
10 years$2,519$2,277$2,056$1,854$1,671$1,319
11 years$2,267$2,027$1,810$1,614$1,437$1,103
12 years$2,056$1,819$1,606$1,415$1,245$929
13 years$1,879$1,644$1,435$1,250$1,086$787
14 years$1,727$1,494$1,289$1,109$952$670
15 years$1,595$1,365$1,164$989$838$572
16 years$1,480$1,253$1,055$886$741$490
17 years$1,378$1,154$960$796$657$421
18 years$1,288$1,066$877$717$584$363
19 years$1,208$988$803$648$521$313
20 years$1,135$918$737$587$465$271
21 years$1,070$855$678$533$416$234
22 years$1,010$798$624$484$373$203
23 years$956$747$577$441$335$176
24 years$907$699$533$402$301$153
25 years$861$656$494$367$271$133
26 years$819$617$458$336$244$116
27 years$780$581$425$308$220$101
28 years$744$547$395$282$198$88
29 years$711$516$368$258$179$76
30 years$680$487$343$237$162$66
31 years$651$461$320$218$146$58
32 years$624$436$298$200$132$50
33 years$598$413$278$184$120$44
34 years$574$391$260$169$108$38
35 years$552$371$243$156$98$33
36 years$530$352$227$144$89$29
37 years$510$335$213$132$81$25
38 years$492$318$199$122$73$22
39 years$474$302$187$112$66$19
40 years$457$288$175$104$60$17
41 years$441$274$164$96$55$15
42 years$425$261$154$88$50$13
43 years$411$248$145$82$45$11
44 years$397$237$136$75$41$10
45 years$384$226$127$69$37$9
46 years$371$215$120$64$34$7
47 years$359$206$112$59$31$7
48 years$348$196$106$55$28$6
49 years$337$187$99$51$25$5
50 years$326$179$93$47$23$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $334,000, adding $3,690 every year, while hoping to spend $26,682 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: 40/46/14 Blend
52$334,000$334,000$334,000$334,000
53$371,874$354,172$348,995$385,062
54$381,416$343,137$332,297$383,717
55$391,037$330,667$314,145$379,375
56$400,716$316,664$294,463$374,099
57$410,432$301,023$273,170$367,818
58$420,157$283,634$250,182$360,455
59$429,861$264,380$225,412$351,927
60$439,511$243,139$198,767$342,147
61$449,068$219,780$170,153$331,021
62$458,489$194,165$139,469$318,450
63$467,725$166,149$106,611$304,326
64$476,721$135,578$71,470$288,535
65$485,415$102,290$33,933$270,956
66$493,737$66,112$0$251,458
67$501,611$26,865$0$230,817
68$508,950$0$0$213,437
69$515,657$0$0$202,023
70$521,624$0$0$203,857
71$526,731$0$0$205,286
72$530,844$0$0$206,252
73$533,814$0$0$206,687
74$535,474$0$0$206,517
75$535,641$0$0$205,661
76$534,109$0$0$204,027
77$530,652$0$0$201,514
78$525,018$0$0$198,009
79$516,926$0$0$193,390
80$506,067$0$0$187,517
81$492,097$0$0$180,240
82$474,637$0$0$171,388
83$453,265$0$0$160,775
84$427,514$0$0$148,195
85$396,869$0$0$133,419
86$360,760$0$0$116,194
87$318,555$0$0$96,241
88$269,556$0$0$73,250
89$212,993$0$0$46,882
90$148,012$0$0$16,758
91$73,672$0$0$0
92$0$0$0$0
93$0$0$0$0
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