Can I retire at age 53 with 434,000?

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 $434,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$35,839$35,520$35,209$34,905$34,608$33,895
2 years$17,742$17,412$17,092$16,781$16,480$15,765
3 years$11,711$11,379$11,059$10,752$10,456$9,761
4 years$8,695$8,365$8,048$7,746$7,457$6,788
5 years$6,887$6,558$6,246$5,950$5,669$5,027
6 years$5,681$5,355$5,048$4,758$4,485$3,872
7 years$4,821$4,497$4,195$3,912$3,648$3,063
8 years$4,176$3,855$3,557$3,282$3,026$2,469
9 years$3,674$3,356$3,064$2,795$2,549$2,019
10 years$3,273$2,959$2,671$2,409$2,171$1,669
11 years$2,945$2,634$2,352$2,097$1,868$1,392
12 years$2,672$2,364$2,087$1,839$1,618$1,169
13 years$2,441$2,136$1,865$1,624$1,411$987
14 years$2,244$1,942$1,675$1,441$1,237$837
15 years$2,072$1,774$1,513$1,286$1,089$712
16 years$1,923$1,628$1,371$1,151$963$608
17 years$1,791$1,499$1,248$1,034$854$521
18 years$1,674$1,385$1,139$932$759$447
19 years$1,569$1,284$1,043$842$676$384
20 years$1,475$1,193$957$763$604$331
21 years$1,390$1,111$880$692$541$285
22 years$1,313$1,037$811$629$485$246
23 years$1,242$970$749$573$435$213
24 years$1,178$909$693$523$391$184
25 years$1,119$853$642$477$352$159
26 years$1,064$802$595$437$317$138
27 years$1,014$754$553$400$286$120
28 years$967$711$514$366$258$104
29 years$924$671$478$336$233$90
30 years$883$633$445$308$210$78
31 years$846$599$415$283$190$68
32 years$810$566$387$260$172$59
33 years$777$536$362$239$156$51
34 years$746$508$338$220$141$44
35 years$717$482$316$203$128$38
36 years$689$458$296$187$116$33
37 years$663$435$277$172$105$29
38 years$639$413$259$158$95$25
39 years$615$393$243$146$86$22
40 years$593$374$228$135$78$19
41 years$572$356$213$124$71$17
42 years$553$339$200$115$64$14
43 years$534$323$188$106$58$13
44 years$516$308$176$98$53$11
45 years$499$293$165$90$48$9
46 years$482$280$155$83$44$8
47 years$467$267$146$77$40$7
48 years$452$255$137$71$36$6
49 years$437$244$129$66$33$5
50 years$424$233$121$61$30$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $434,000, adding $5,295 every year, while hoping to spend $35,007 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: 61/16/23 Blend
52$434,000$434,000$434,000$434,000
53$483,730$460,728$454,001$509,995
54$495,823$446,056$431,963$513,744
55$507,977$429,493$408,013$513,533
56$520,159$410,907$382,051$512,525
57$532,337$390,162$353,970$510,652
58$544,468$367,114$323,662$507,834
59$556,509$341,607$291,009$503,988
60$568,408$313,481$255,893$499,026
61$580,107$282,563$218,187$492,848
62$591,542$248,672$177,760$485,350
63$602,639$211,618$134,475$476,419
64$613,318$171,196$88,189$465,931
65$623,485$127,194$38,753$453,753
66$633,039$79,385$0$439,743
67$641,866$27,532$0$427,181
68$649,837$0$0$422,834
69$656,810$0$0$422,080
70$662,626$0$0$425,377
71$667,108$0$0$427,758
72$670,059$0$0$429,091
73$671,261$0$0$429,226
74$670,470$0$0$428,002
75$667,417$0$0$425,234
76$661,802$0$0$420,722
77$653,293$0$0$414,241
78$641,522$0$0$405,544
79$626,081$0$0$394,354
80$606,516$0$0$380,368
81$582,329$0$0$363,247
82$552,963$0$0$342,618
83$517,807$0$0$318,069
84$476,180$0$0$289,141
85$427,332$0$0$255,329
86$370,433$0$0$216,075
87$304,565$0$0$170,760
88$228,714$0$0$118,701
89$141,758$0$0$59,143
90$42,458$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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