Can I retire at age 53 with 393,000?

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 $393,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$32,454$32,164$31,882$31,607$31,338$30,287
2 years$16,066$15,767$15,477$15,196$14,923$13,874
3 years$10,604$10,304$10,015$9,736$9,468$8,454
4 years$7,874$7,574$7,288$7,014$6,753$5,782
5 years$6,236$5,938$5,656$5,388$5,133$4,208
6 years$5,145$4,849$4,571$4,309$4,062$3,184
7 years$4,365$4,072$3,798$3,542$3,303$2,471
8 years$3,781$3,491$3,221$2,972$2,740$1,954
9 years$3,327$3,039$2,774$2,531$2,308$1,567
10 years$2,964$2,679$2,419$2,182$1,966$1,269
11 years$2,667$2,385$2,130$1,899$1,691$1,036
12 years$2,420$2,141$1,890$1,666$1,465$851
13 years$2,211$1,934$1,688$1,470$1,278$703
14 years$2,032$1,758$1,517$1,305$1,120$583
15 years$1,877$1,606$1,370$1,164$986$485
16 years$1,741$1,474$1,242$1,042$872$404
17 years$1,622$1,357$1,130$937$773$338
18 years$1,516$1,254$1,032$844$687$283
19 years$1,421$1,162$944$763$613$237
20 years$1,336$1,080$867$691$547$199
21 years$1,259$1,006$797$627$490$167
22 years$1,189$939$735$570$439$141
23 years$1,125$878$678$519$394$119
24 years$1,067$823$627$473$354$100
25 years$1,013$772$581$432$319$84
26 years$964$726$539$395$287$71
27 years$918$683$500$362$259$60
28 years$876$644$465$332$234$51
29 years$837$607$433$304$211$43
30 years$800$573$403$279$191$36
31 years$766$542$376$256$172$30
32 years$734$513$351$235$156$26
33 years$704$486$328$217$141$22
34 years$676$460$306$199$128$18
35 years$649$437$286$183$116$16
36 years$624$414$268$169$105$13
37 years$601$394$251$156$95$11
38 years$578$374$235$143$86$9
39 years$557$356$220$132$78$8
40 years$537$338$206$122$71$7
41 years$518$322$193$113$64$6
42 years$500$307$181$104$58$5
43 years$483$292$170$96$53$4
44 years$467$279$160$89$48$3
45 years$451$266$150$82$44$3
46 years$437$254$141$76$40$2
47 years$422$242$132$70$36$2
48 years$409$231$124$64$33$2
49 years$396$221$117$60$30$1
50 years$384$211$110$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $393,000, adding $6,099 every year, while hoping to spend $29,378 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: 44/26/30 Blend
52$393,000$393,000$393,000$393,000
53$439,377$418,548$412,457$454,656
54$452,936$407,799$395,016$455,432
55$466,892$395,539$376,006$453,029
56$481,257$381,662$355,344$449,872
57$496,040$366,057$332,943$445,908
58$511,249$348,608$308,710$441,084
59$526,895$329,188$282,550$435,339
60$542,988$307,667$254,365$428,611
61$559,536$283,906$224,049$420,835
62$576,548$257,757$191,494$411,941
63$594,034$229,065$156,587$401,856
64$612,001$197,665$119,209$390,503
65$630,459$163,385$79,236$377,801
66$649,414$126,039$36,539$363,661
67$668,874$85,435$0$347,995
68$688,846$41,367$0$333,594
69$709,334$0$0$330,138
70$730,345$0$0$327,683
71$751,881$0$0$337,292
72$773,946$0$0$347,132
73$796,541$0$0$357,201
74$819,666$0$0$367,499
75$843,318$0$0$378,025
76$867,494$0$0$388,775
77$892,189$0$0$399,745
78$917,393$0$0$410,931
79$943,095$0$0$422,325
80$969,280$0$0$433,921
81$995,931$0$0$445,708
82$1,023,026$0$0$457,673
83$1,050,538$0$0$469,805
84$1,078,436$0$0$482,085
85$1,106,683$0$0$494,495
86$1,135,236$0$0$507,014
87$1,164,044$0$0$519,614
88$1,193,052$0$0$532,268
89$1,222,191$0$0$544,941
90$1,251,388$0$0$557,596
91$1,280,555$0$0$570,190
92$1,309,596$0$0$582,673
93$1,338,399$0$0$594,991
94$1,366,839$0$0$607,081
95$1,394,777$0$0$618,873
96$1,422,052$0$0$630,290
97$1,448,486$0$0$641,241
98$1,473,881$0$0$651,630
99$1,498,012$0$0$661,345
100$1,520,629$0$0$670,264