Can I retire at age 53 with 422,000?

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 $422,000?

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$34,848$34,538$34,235$33,940$33,651$32,918
2 years$17,252$16,930$16,619$16,317$16,024$15,289
3 years$11,387$11,064$10,754$10,455$10,166$9,453
4 years$8,455$8,133$7,826$7,532$7,251$6,564
5 years$6,696$6,377$6,073$5,785$5,512$4,853
6 years$5,524$5,207$4,908$4,626$4,361$3,732
7 years$4,688$4,373$4,079$3,804$3,547$2,947
8 years$4,060$3,748$3,459$3,191$2,943$2,372
9 years$3,572$3,264$2,979$2,718$2,478$1,936
10 years$3,183$2,877$2,597$2,343$2,111$1,598
11 years$2,864$2,561$2,287$2,039$1,816$1,330
12 years$2,598$2,299$2,029$1,788$1,574$1,114
13 years$2,374$2,077$1,813$1,579$1,372$939
14 years$2,182$1,888$1,629$1,402$1,203$795
15 years$2,015$1,725$1,471$1,250$1,059$675
16 years$1,870$1,583$1,334$1,119$936$575
17 years$1,741$1,457$1,213$1,006$830$491
18 years$1,627$1,347$1,108$906$738$421
19 years$1,526$1,248$1,014$819$658$361
20 years$1,434$1,160$931$742$588$310
21 years$1,352$1,080$856$673$526$267
22 years$1,277$1,008$789$612$471$230
23 years$1,208$943$728$557$423$198
24 years$1,146$884$674$508$380$171
25 years$1,088$829$624$464$342$148
26 years$1,035$779$579$424$308$127
27 years$986$734$537$389$278$110
28 years$941$691$500$356$251$95
29 years$898$652$465$326$226$82
30 years$859$616$433$300$205$71
31 years$822$582$404$275$185$62
32 years$788$551$377$253$167$53
33 years$756$522$352$233$151$46
34 years$725$494$329$214$137$40
35 years$697$469$307$197$124$35
36 years$670$445$287$181$112$30
37 years$645$423$269$167$102$26
38 years$621$402$252$154$92$23
39 years$598$382$236$142$84$20
40 years$577$363$221$131$76$17
41 years$557$346$207$121$69$15
42 years$537$329$195$112$63$13
43 years$519$314$183$103$57$11
44 years$501$299$171$95$52$10
45 years$485$285$161$88$47$8
46 years$469$272$151$81$42$7
47 years$454$260$142$75$39$6
48 years$439$248$133$69$35$5
49 years$425$237$125$64$32$5
50 years$412$226$118$59$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $422,000, adding $4,443 every year, while hoping to spend $28,396 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: 60/35/5 Blend
52$422,000$422,000$422,000$422,000
53$469,627$447,261$440,720$497,137
54$487,316$438,964$425,271$507,772
55$505,857$429,308$408,353$515,689
56$525,308$418,198$389,886$523,595
57$545,730$405,530$369,788$531,490
58$567,191$391,197$347,972$539,374
59$589,764$375,085$324,348$547,248
60$613,527$357,072$298,821$555,117
61$638,568$337,029$271,293$562,985
62$664,981$314,823$241,660$570,859
63$692,868$290,308$209,815$578,749
64$722,341$263,334$175,645$586,668
65$753,523$233,740$139,032$594,633
66$786,547$201,358$99,854$602,661
67$821,558$166,008$57,983$610,779
68$858,717$127,502$13,284$619,015
69$898,196$85,640$0$627,403
70$940,186$40,211$0$637,822
71$984,897$0$0$649,358
72$1,032,555$0$0$664,837
73$1,083,412$0$0$697,899
74$1,137,740$0$0$733,240
75$1,195,840$0$0$771,056
76$1,258,041$0$0$811,565
77$1,324,703$0$0$855,004
78$1,396,223$0$0$901,635
79$1,473,034$0$0$951,744
80$1,555,614$0$0$1,005,645
81$1,644,485$0$0$1,063,685
82$1,740,222$0$0$1,126,241
83$1,843,456$0$0$1,193,731
84$1,954,881$0$0$1,266,613
85$2,075,258$0$0$1,345,389
86$2,205,425$0$0$1,430,611
87$2,346,300$0$0$1,522,888
88$2,498,897$0$0$1,622,888
89$2,664,327$0$0$1,731,344
90$2,843,812$0$0$1,849,065
91$3,038,698$0$0$1,976,939
92$3,250,465$0$0$2,115,944
93$3,480,739$0$0$2,267,153
94$3,731,310$0$0$2,431,750
95$4,004,150$0$0$2,611,037
96$4,301,425$0$0$2,806,445
97$4,625,520$0$0$3,019,551
98$4,979,062$0$0$3,252,089
99$5,364,941$0$0$3,505,970
100$5,786,336$0$0$3,783,294