Can I retire at age 53 with 425,000?

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 $425,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$35,096$34,783$34,478$34,181$33,890$32,871
2 years$17,374$17,051$16,737$16,433$16,138$15,120
3 years$11,468$11,143$10,830$10,529$10,239$9,254
4 years$8,515$8,191$7,881$7,585$7,302$6,358
5 years$6,744$6,422$6,116$5,826$5,551$4,649
6 years$5,564$5,244$4,943$4,659$4,392$3,534
7 years$4,721$4,404$4,108$3,831$3,572$2,758
8 years$4,089$3,775$3,484$3,213$2,963$2,193
9 years$3,598$3,287$3,000$2,737$2,496$1,767
10 years$3,205$2,897$2,616$2,359$2,126$1,439
11 years$2,884$2,579$2,303$2,053$1,829$1,182
12 years$2,617$2,315$2,044$1,801$1,585$977
13 years$2,391$2,092$1,826$1,590$1,382$812
14 years$2,197$1,902$1,641$1,412$1,211$677
15 years$2,029$1,737$1,481$1,259$1,067$567
16 years$1,883$1,594$1,343$1,127$943$476
17 years$1,754$1,468$1,222$1,013$836$400
18 years$1,639$1,356$1,116$913$743$337
19 years$1,537$1,257$1,021$825$662$285
20 years$1,444$1,168$937$747$592$241
21 years$1,361$1,088$862$678$530$204
22 years$1,286$1,016$795$616$475$173
23 years$1,217$950$734$561$426$147
24 years$1,154$890$679$512$383$124
25 years$1,096$835$628$468$345$106
26 years$1,042$785$583$428$310$90
27 years$993$739$541$391$280$76
28 years$947$696$503$359$253$65
29 years$905$657$468$329$228$55
30 years$865$620$436$302$206$47
31 years$828$586$407$277$186$40
32 years$794$555$379$255$168$34
33 years$761$525$354$234$152$29
34 years$731$498$331$215$138$25
35 years$702$472$309$198$125$21
36 years$675$448$289$183$113$18
37 years$650$426$271$168$103$15
38 years$625$405$254$155$93$13
39 years$603$385$238$143$84$11
40 years$581$366$223$132$77$9
41 years$561$348$209$122$69$8
42 years$541$332$196$112$63$7
43 years$523$316$184$104$57$6
44 years$505$301$173$96$52$5
45 years$488$287$162$88$47$4
46 years$472$274$152$82$43$4
47 years$457$262$143$75$39$3
48 years$442$250$134$70$35$3
49 years$428$239$126$64$32$2
50 years$415$228$119$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $425,000, adding $6,240 every year, while hoping to spend $28,188 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: 62/9/29 Blend
52$425,000$425,000$425,000$425,000
53$474,787$452,262$445,674$500,168
54$493,223$444,431$430,612$510,330
55$512,595$435,271$414,101$517,825
56$532,969$424,688$396,063$525,415
57$554,415$412,582$376,414$533,114
58$577,013$398,845$355,071$540,940
59$600,845$383,366$331,943$548,913
60$626,006$366,025$306,938$557,057
61$652,594$346,696$279,956$565,400
62$680,721$325,247$250,897$573,974
63$710,507$301,536$219,654$582,815
64$742,081$275,414$186,115$591,967
65$775,588$246,723$150,164$601,476
66$811,183$215,298$111,680$611,398
67$849,039$180,963$70,536$621,795
68$889,341$143,531$26,600$632,739
69$932,297$102,806$0$644,309
70$978,129$58,582$0$662,874
71$1,027,085$10,639$0$691,451
72$1,079,433$0$0$721,963
73$1,135,470$0$0$758,673
74$1,195,520$0$0$799,162
75$1,259,938$0$0$842,618
76$1,329,115$0$0$889,309
77$1,403,478$0$0$939,525
78$1,483,499$0$0$993,587
79$1,569,693$0$0$1,051,849
80$1,662,627$0$0$1,114,695
81$1,762,925$0$0$1,182,552
82$1,871,270$0$0$1,255,887
83$1,988,416$0$0$1,335,212
84$2,115,188$0$0$1,421,092
85$2,252,495$0$0$1,514,147
86$2,401,336$0$0$1,615,059
87$2,562,811$0$0$1,724,577
88$2,738,127$0$0$1,843,528
89$2,928,613$0$0$1,972,816
90$3,135,731$0$0$2,113,442
91$3,361,091$0$0$2,266,503
92$3,606,460$0$0$2,433,206
93$3,873,788$0$0$2,614,882
94$4,165,216$0$0$2,812,994
95$4,483,103$0$0$3,029,153
96$4,830,045$0$0$3,265,130
97$5,208,900$0$0$3,522,878
98$5,622,813$0$0$3,804,545
99$6,075,247$0$0$4,112,494
100$6,570,015$0$0$4,449,331