Can I retire at age 53 with 421,000?

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 $421,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$34,766$34,456$34,154$33,859$33,571$32,601
2 years$17,211$16,890$16,580$16,278$15,986$15,017
3 years$11,360$11,038$10,728$10,430$10,142$9,204
4 years$8,435$8,114$7,807$7,514$7,234$6,333
5 years$6,681$6,362$6,059$5,771$5,499$4,639
6 years$5,511$5,195$4,896$4,616$4,351$3,532
7 years$4,676$4,362$4,069$3,795$3,539$2,761
8 years$4,051$3,739$3,451$3,183$2,936$2,199
9 years$3,564$3,256$2,972$2,711$2,472$1,775
10 years$3,175$2,870$2,591$2,337$2,106$1,449
11 years$2,857$2,555$2,281$2,034$1,812$1,192
12 years$2,592$2,293$2,025$1,784$1,570$987
13 years$2,368$2,072$1,809$1,575$1,369$822
14 years$2,176$1,884$1,625$1,398$1,200$687
15 years$2,010$1,721$1,467$1,247$1,057$576
16 years$1,865$1,579$1,330$1,117$934$485
17 years$1,737$1,454$1,211$1,003$828$409
18 years$1,624$1,344$1,105$904$736$345
19 years$1,522$1,245$1,012$817$656$292
20 years$1,431$1,157$928$740$586$248
21 years$1,348$1,078$854$672$525$210
22 years$1,274$1,006$787$611$470$179
23 years$1,205$941$727$556$422$152
24 years$1,143$882$672$507$379$129
25 years$1,085$827$623$463$341$110
26 years$1,033$778$577$423$307$94
27 years$984$732$536$388$277$80
28 years$938$690$498$355$250$68
29 years$896$651$464$326$226$58
30 years$857$614$432$299$204$49
31 years$820$581$403$275$185$42
32 years$786$550$376$252$167$36
33 years$754$520$351$232$151$31
34 years$724$493$328$213$137$26
35 years$695$468$306$196$124$22
36 years$669$444$287$181$112$19
37 years$643$422$268$167$102$16
38 years$620$401$251$154$92$14
39 years$597$381$235$142$84$12
40 years$576$363$221$131$76$10
41 years$555$345$207$121$69$9
42 years$536$329$194$111$62$7
43 years$518$313$182$103$57$6
44 years$500$299$171$95$51$5
45 years$484$285$161$88$47$5
46 years$468$272$151$81$42$4
47 years$453$259$142$75$39$3
48 years$438$247$133$69$35$3
49 years$424$236$125$64$32$2
50 years$411$226$118$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $421,000, adding $3,241 every year, while hoping to spend $33,304 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: 49/31/20 Blend
52$421,000$421,000$421,000$421,000
53$467,285$444,972$438,447$487,412
54$479,513$431,341$417,699$488,080
55$491,872$415,925$395,141$485,158
56$504,340$398,602$370,675$481,283
57$516,892$379,243$344,203$476,379
58$529,500$357,711$315,618$470,365
59$542,130$333,860$284,812$463,152
60$554,744$307,536$251,671$454,647
61$567,301$278,578$216,075$444,749
62$579,752$246,815$177,899$433,352
63$592,042$212,064$137,014$420,340
64$604,111$174,136$93,284$405,590
65$615,888$132,826$46,567$388,969
66$627,296$87,922$0$370,335
67$638,249$39,199$0$350,239
68$648,648$0$0$338,465
69$658,385$0$0$329,558
70$667,338$0$0$333,575
71$675,370$0$0$337,069
72$682,331$0$0$339,957
73$688,051$0$0$342,149
74$692,342$0$0$343,540
75$694,995$0$0$344,018
76$695,779$0$0$343,456
77$694,433$0$0$341,714
78$690,673$0$0$338,635
79$684,179$0$0$334,048
80$674,599$0$0$327,760
81$661,542$0$0$319,559
82$644,574$0$0$309,211
83$623,216$0$0$296,454
84$596,935$0$0$281,001
85$565,144$0$0$262,532
86$527,190$0$0$240,695
87$482,354$0$0$215,099
88$429,838$0$0$185,313
89$368,762$0$0$150,859
90$298,150$0$0$111,210
91$216,928$0$0$65,783
92$123,904$0$0$13,934
93$17,765$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