Can I retire at age 53 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$33,610$33,310$33,018$32,733$32,455$31,748
2 years$16,638$16,329$16,028$15,737$15,455$14,746
3 years$10,982$10,671$10,371$10,083$9,805$9,117
4 years$8,155$7,844$7,548$7,264$6,993$6,330
5 years$6,458$6,150$5,857$5,580$5,316$4,681
6 years$5,328$5,022$4,734$4,462$4,206$3,599
7 years$4,521$4,217$3,934$3,668$3,421$2,842
8 years$3,916$3,615$3,336$3,077$2,838$2,287
9 years$3,446$3,148$2,873$2,621$2,390$1,867
10 years$3,069$2,774$2,505$2,260$2,036$1,541
11 years$2,762$2,470$2,205$1,966$1,751$1,282
12 years$2,506$2,217$1,957$1,725$1,518$1,075
13 years$2,289$2,003$1,749$1,523$1,323$905
14 years$2,104$1,821$1,571$1,352$1,160$766
15 years$1,943$1,664$1,419$1,206$1,021$651
16 years$1,803$1,526$1,286$1,079$903$555
17 years$1,679$1,406$1,170$970$800$474
18 years$1,570$1,299$1,068$874$712$406
19 years$1,471$1,204$978$790$634$348
20 years$1,383$1,119$898$715$567$299
21 years$1,304$1,042$826$649$507$257
22 years$1,231$973$761$590$455$222
23 years$1,165$910$703$538$408$191
24 years$1,105$852$650$490$367$165
25 years$1,049$800$602$448$330$142
26 years$998$752$558$409$297$123
27 years$951$707$518$375$268$106
28 years$907$667$482$343$242$92
29 years$866$629$448$315$218$80
30 years$828$594$418$289$197$69
31 years$793$561$389$265$178$60
32 years$760$531$363$244$161$52
33 years$729$503$339$224$146$45
34 years$700$477$317$206$132$39
35 years$672$452$296$190$120$34
36 years$646$429$277$175$108$29
37 years$622$408$259$161$98$25
38 years$599$387$243$149$89$22
39 years$577$368$228$137$81$19
40 years$556$351$213$126$73$16
41 years$537$334$200$117$67$14
42 years$518$318$188$108$60$12
43 years$500$303$176$99$55$11
44 years$484$289$165$92$50$9
45 years$467$275$155$85$45$8
46 years$452$263$146$78$41$7
47 years$438$251$137$72$37$6
48 years$424$239$129$67$34$5
49 years$410$228$121$62$31$5
50 years$397$218$114$57$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $407,000, adding $4,030 every year, while hoping to spend $27,987 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: 55/33/12 Blend
52$407,000$407,000$407,000$407,000
53$452,671$431,100$424,791$475,963
54$469,065$422,446$409,244$483,565
55$486,194$412,430$392,238$488,442
56$504,102$400,955$373,694$493,098
57$522,839$387,921$353,531$497,518
58$542,458$373,218$331,664$501,685
59$563,016$356,732$308,002$505,585
60$584,575$338,344$282,451$509,202
61$607,204$317,925$254,915$512,519
62$630,975$295,340$225,291$515,524
63$655,969$270,446$193,473$518,200
64$682,272$243,092$159,349$520,536
65$709,979$213,118$122,802$522,519
66$739,192$180,357$83,712$524,137
67$770,025$144,629$41,951$525,381
68$802,599$105,747$0$526,244
69$837,047$63,512$0$527,057
70$873,515$17,714$0$533,235
71$912,162$0$0$539,421
72$953,162$0$0$557,213
73$996,705$0$0$582,958
74$1,042,998$0$0$610,351
75$1,092,269$0$0$639,527
76$1,144,767$0$0$670,637
77$1,200,763$0$0$703,846
78$1,260,557$0$0$739,333
79$1,324,476$0$0$777,296
80$1,392,877$0$0$817,951
81$1,466,154$0$0$861,537
82$1,544,739$0$0$908,314
83$1,629,104$0$0$958,567
84$1,719,768$0$0$1,012,610
85$1,817,301$0$0$1,070,788
86$1,922,330$0$0$1,133,480
87$2,035,541$0$0$1,201,100
88$2,157,690$0$0$1,274,106
89$2,289,605$0$0$1,352,999
90$2,432,197$0$0$1,438,331
91$2,586,470$0$0$1,530,707
92$2,753,523$0$0$1,630,794
93$2,934,568$0$0$1,739,325
94$3,130,935$0$0$1,857,104
95$3,344,088$0$0$1,985,019
96$3,575,638$0$0$2,124,043
97$3,827,354$0$0$2,275,249
98$4,101,187$0$0$2,439,817
99$4,399,279$0$0$2,619,044
100$4,723,989$0$0$2,814,359