Can I retire at age 53 with 400,000?

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 $400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$33,032$32,737$32,450$32,170$31,897$30,925
2 years$16,352$16,048$15,753$15,466$15,189$14,218
3 years$10,793$10,487$10,193$9,909$9,636$8,698
4 years$8,014$7,709$7,418$7,139$6,873$5,973
5 years$6,347$6,044$5,757$5,484$5,225$4,365
6 years$5,236$4,936$4,652$4,385$4,134$3,317
7 years$4,443$4,145$3,866$3,605$3,362$2,587
8 years$3,849$3,553$3,279$3,024$2,789$2,055
9 years$3,386$3,093$2,824$2,576$2,349$1,655
10 years$3,017$2,727$2,462$2,221$2,001$1,347
11 years$2,714$2,427$2,167$1,933$1,721$1,106
12 years$2,463$2,179$1,924$1,695$1,492$913
13 years$2,250$1,969$1,719$1,497$1,301$758
14 years$2,068$1,790$1,544$1,329$1,140$632
15 years$1,910$1,635$1,394$1,185$1,004$529
16 years$1,772$1,500$1,264$1,061$887$444
17 years$1,651$1,381$1,150$953$787$373
18 years$1,543$1,277$1,050$859$699$314
19 years$1,446$1,183$961$776$623$265
20 years$1,359$1,099$882$703$557$224
21 years$1,281$1,024$811$638$498$189
22 years$1,210$956$748$580$447$160
23 years$1,145$894$690$528$401$136
24 years$1,086$838$639$482$360$115
25 years$1,031$786$591$440$324$98
26 years$981$739$549$402$292$83
27 years$935$695$509$368$263$70
28 years$892$655$474$337$238$60
29 years$852$618$441$309$215$51
30 years$814$584$410$284$194$43
31 years$779$552$383$261$175$37
32 years$747$522$357$240$159$31
33 years$716$494$333$220$144$27
34 years$688$469$311$203$130$23
35 years$661$444$291$187$118$19
36 years$635$422$272$172$107$16
37 years$611$401$255$158$97$14
38 years$589$381$239$146$88$12
39 years$567$362$224$135$79$10
40 years$547$345$210$124$72$9
41 years$528$328$197$115$65$7
42 years$509$312$184$106$59$6
43 years$492$298$173$98$54$5
44 years$475$284$162$90$49$4
45 years$459$270$153$83$44$4
46 years$444$258$143$77$40$3
47 years$430$246$135$71$37$3
48 years$416$235$126$66$33$2
49 years$403$224$119$61$30$2
50 years$391$214$112$56$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $400,000, adding $6,581 every year, while hoping to spend $27,391 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: 61/19/20 Blend
52$400,000$400,000$400,000$400,000
53$447,588$426,388$420,188$472,183
54$464,098$418,138$405,121$481,334
55$481,375$408,564$388,631$487,702
56$499,466$397,575$370,641$494,029
57$518,426$385,071$351,072$500,314
58$538,312$370,946$329,840$506,557
59$559,188$355,090$306,857$512,760
60$581,121$337,385$282,032$518,927
61$604,185$317,707$255,270$525,064
62$628,461$295,924$226,471$531,178
63$654,036$271,897$195,530$537,278
64$681,007$245,479$162,339$543,377
65$709,477$216,514$126,785$549,491
66$739,560$184,839$88,748$555,639
67$771,379$150,280$48,105$561,844
68$805,069$112,654$4,727$568,133
69$840,779$71,767$0$574,540
70$878,670$27,415$0$589,974
71$918,917$0$0$607,262
72$961,715$0$0$629,789
73$1,007,273$0$0$659,889
74$1,055,823$0$0$691,983
75$1,107,619$0$0$726,241
76$1,162,937$0$0$762,850
77$1,222,080$0$0$802,012
78$1,285,384$0$0$843,952
79$1,353,211$0$0$888,913
80$1,425,964$0$0$937,166
81$1,504,081$0$0$989,004
82$1,588,045$0$0$1,044,751
83$1,678,386$0$0$1,104,763
84$1,775,685$0$0$1,169,429
85$1,880,581$0$0$1,239,179
86$1,993,775$0$0$1,314,484
87$2,116,038$0$0$1,395,859
88$2,248,217$0$0$1,483,876
89$2,391,244$0$0$1,579,157
90$2,546,141$0$0$1,682,391
91$2,714,033$0$0$1,794,333
92$2,896,159$0$0$1,915,813
93$3,093,878$0$0$2,047,746
94$3,308,687$0$0$2,191,136
95$3,542,232$0$0$2,347,090
96$3,796,325$0$0$2,516,823
97$4,072,958$0$0$2,701,674
98$4,374,325$0$0$2,903,117
99$4,702,837$0$0$3,122,771
100$5,061,151$0$0$3,362,422