Can I retire at age 53 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$35,592$35,275$34,965$34,663$34,369$33,215
2 years$17,620$17,291$16,973$16,665$16,366$15,215
3 years$11,630$11,300$10,983$10,677$10,383$9,272
4 years$8,635$8,307$7,993$7,693$7,405$6,341
5 years$6,839$6,513$6,203$5,909$5,629$4,615
6 years$5,642$5,318$5,013$4,725$4,454$3,491
7 years$4,787$4,466$4,166$3,885$3,623$2,710
8 years$4,147$3,828$3,533$3,259$3,005$2,143
9 years$3,649$3,333$3,043$2,776$2,531$1,718
10 years$3,250$2,938$2,653$2,393$2,156$1,391
11 years$2,925$2,616$2,335$2,082$1,855$1,136
12 years$2,654$2,348$2,073$1,827$1,607$933
13 years$2,424$2,122$1,852$1,613$1,401$771
14 years$2,228$1,928$1,664$1,431$1,229$639
15 years$2,058$1,762$1,502$1,277$1,082$531
16 years$1,909$1,616$1,362$1,143$956$443
17 years$1,779$1,489$1,239$1,027$848$370
18 years$1,662$1,375$1,131$926$754$310
19 years$1,558$1,275$1,036$836$672$260
20 years$1,465$1,185$951$757$600$218
21 years$1,380$1,103$874$687$537$184
22 years$1,304$1,030$806$625$481$155
23 years$1,234$963$744$569$432$130
24 years$1,170$903$688$519$388$110
25 years$1,111$847$637$474$349$92
26 years$1,057$796$591$434$315$78
27 years$1,007$749$549$397$284$66
28 years$961$706$510$364$256$55
29 years$917$666$475$333$231$47
30 years$877$629$442$306$209$40
31 years$840$595$412$281$189$33
32 years$805$563$385$258$171$28
33 years$772$533$359$238$155$24
34 years$741$505$336$219$140$20
35 years$712$479$314$201$127$17
36 years$685$455$294$185$115$14
37 years$659$432$275$171$104$12
38 years$634$410$257$157$94$10
39 years$611$390$241$145$86$9
40 years$589$371$226$134$78$7
41 years$568$353$212$123$70$6
42 years$549$337$199$114$64$5
43 years$530$321$186$105$58$4
44 years$512$306$175$97$53$4
45 years$495$291$164$90$48$3
46 years$479$278$154$83$43$3
47 years$463$265$145$77$39$2
48 years$449$253$136$71$36$2
49 years$434$242$128$65$33$2
50 years$421$231$120$60$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $431,000, adding $2,294 every year, while hoping to spend $22,933 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: 71/24/5 Blend
52$431,000$431,000$431,000$431,000
53$477,328$454,485$447,805$510,830
54$501,615$452,355$438,406$531,108
55$527,611$449,351$427,923$550,216
56$555,465$445,407$416,297$570,484
57$585,343$440,452$403,463$592,020
58$617,424$434,411$389,355$614,944
59$651,908$427,204$373,905$639,387
60$689,012$418,745$357,040$665,493
61$728,974$408,947$338,684$693,425
62$772,058$397,714$318,758$723,359
63$818,551$384,945$297,180$755,490
64$868,770$370,534$273,862$790,037
65$923,063$354,369$248,716$827,238
66$981,814$336,331$221,645$867,358
67$1,045,441$316,294$192,553$910,690
68$1,114,409$294,125$161,336$957,556
69$1,189,224$269,683$127,887$1,008,312
70$1,270,447$242,819$92,093$1,063,355
71$1,358,692$213,377$53,837$1,123,119
72$1,454,636$181,189$12,998$1,188,085
73$1,559,023$146,082$0$1,258,786
74$1,672,671$107,868$0$1,337,439
75$1,796,483$66,353$0$1,423,909
76$1,931,449$21,329$0$1,518,224
77$2,078,661$0$0$1,621,185
78$2,239,321$0$0$1,740,913
79$2,414,749$0$0$1,877,820
80$2,606,402$0$0$2,027,410
81$2,815,883$0$0$2,190,937
82$3,044,954$0$0$2,369,781
83$3,295,560$0$0$2,565,461
84$3,569,837$0$0$2,779,651
85$3,870,142$0$0$3,014,191
86$4,199,068$0$0$3,271,112
87$4,559,471$0$0$3,552,647
88$4,954,496$0$0$3,861,257
89$5,387,607$0$0$4,199,652
90$5,862,620$0$0$4,570,816
91$6,383,736$0$0$4,978,037
92$6,955,585$0$0$5,424,937
93$7,583,265$0$0$5,915,502
94$8,272,392$0$0$6,454,128
95$9,029,152$0$0$7,045,654
96$9,860,361$0$0$7,695,412
97$10,773,525$0$0$8,409,275
98$11,776,915$0$0$9,193,713
99$12,879,642$0$0$10,055,854
100$14,091,745$0$0$11,003,552