Can I retire at age 53 with 403,000?

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 $403,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$33,279$32,983$32,694$32,411$32,136$30,996
2 years$16,475$16,168$15,871$15,582$15,303$14,166
3 years$10,874$10,566$10,269$9,984$9,709$8,611
4 years$8,074$7,767$7,474$7,193$6,924$5,875
5 years$6,395$6,090$5,800$5,525$5,264$4,265
6 years$5,276$4,973$4,687$4,418$4,165$3,217
7 years$4,476$4,176$3,895$3,632$3,387$2,491
8 years$3,877$3,580$3,303$3,047$2,810$1,964
9 years$3,412$3,117$2,845$2,595$2,366$1,569
10 years$3,039$2,747$2,480$2,237$2,016$1,267
11 years$2,735$2,446$2,184$1,947$1,734$1,031
12 years$2,481$2,195$1,938$1,708$1,503$844
13 years$2,267$1,984$1,731$1,508$1,310$695
14 years$2,083$1,803$1,556$1,338$1,149$574
15 years$1,924$1,647$1,405$1,194$1,011$476
16 years$1,785$1,511$1,273$1,069$894$395
17 years$1,663$1,392$1,159$960$793$329
18 years$1,554$1,286$1,058$865$705$275
19 years$1,457$1,192$968$782$628$229
20 years$1,370$1,108$889$708$561$192
21 years$1,291$1,032$817$643$502$161
22 years$1,219$963$753$584$450$135
23 years$1,154$901$696$532$404$113
24 years$1,094$844$643$485$363$95
25 years$1,039$792$596$443$327$80
26 years$988$744$553$405$294$67
27 years$942$701$513$371$265$56
28 years$898$660$477$340$239$47
29 years$858$623$444$312$216$40
30 years$820$588$414$286$195$33
31 years$785$556$386$263$177$28
32 years$752$526$360$241$160$24
33 years$722$498$336$222$145$20
34 years$693$472$314$204$131$17
35 years$666$448$293$188$119$14
36 years$640$425$274$173$107$12
37 years$616$404$257$160$97$10
38 years$593$384$241$147$88$8
39 years$571$365$225$136$80$7
40 years$551$347$211$125$73$6
41 years$532$330$198$115$66$5
42 years$513$315$186$107$60$4
43 years$496$300$174$98$54$4
44 years$479$286$164$91$49$3
45 years$463$273$154$84$45$3
46 years$448$260$144$77$41$2
47 years$433$248$136$72$37$2
48 years$419$237$127$66$33$1
49 years$406$226$120$61$30$1
50 years$393$216$113$56$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $403,000, adding $4,828 every year, while hoping to spend $27,157 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: 66/21/13 Blend
52$403,000$403,000$403,000$403,000
53$449,086$427,727$421,481$477,073
54$465,998$419,791$406,705$488,417
55$483,725$410,556$390,525$497,176
56$502,321$399,929$372,864$506,064
57$521,845$387,813$353,642$515,093
58$542,362$374,105$332,778$524,274
59$563,942$358,694$310,184$533,623
60$586,659$341,466$285,771$543,158
61$610,597$322,297$259,444$552,899
62$635,847$301,057$231,103$562,869
63$662,505$277,611$200,647$573,097
64$690,679$251,812$167,967$583,613
65$720,485$223,509$132,951$594,454
66$752,052$192,538$95,482$605,661
67$785,518$158,729$55,438$617,282
68$821,035$121,901$12,689$629,370
69$858,770$81,863$0$641,986
70$898,904$38,414$0$659,767
71$941,638$0$0$680,400
72$987,187$0$0$704,232
73$1,035,793$0$0$739,150
74$1,087,715$0$0$776,466
75$1,143,241$0$0$816,390
76$1,202,685$0$0$859,149
77$1,266,391$0$0$904,993
78$1,334,738$0$0$954,196
79$1,408,141$0$0$1,007,061
80$1,487,054$0$0$1,063,917
81$1,571,977$0$0$1,125,128
82$1,663,460$0$0$1,191,092
83$1,762,106$0$0$1,262,247
84$1,868,575$0$0$1,339,074
85$1,983,597$0$0$1,422,103
86$2,107,970$0$0$1,511,913
87$2,242,574$0$0$1,609,143
88$2,388,375$0$0$1,714,496
89$2,546,435$0$0$1,828,744
90$2,717,921$0$0$1,952,735
91$2,904,120$0$0$2,087,403
92$3,106,443$0$0$2,233,774
93$3,326,446$0$0$2,392,980
94$3,565,838$0$0$2,566,263
95$3,826,501$0$0$2,754,990
96$4,110,505$0$0$2,960,667
97$4,420,129$0$0$3,184,950
98$4,757,882$0$0$3,429,662
99$5,126,522$0$0$3,696,810
100$5,529,088$0$0$3,988,603