Can I retire at age 53 with 441,000?

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 $441,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$36,417$36,093$35,776$35,468$35,166$33,757
2 years$18,028$17,693$17,367$17,052$16,746$15,344
3 years$11,900$11,562$11,238$10,925$10,624$9,274
4 years$8,836$8,500$8,178$7,871$7,577$6,289
5 years$6,998$6,664$6,347$6,046$5,760$4,536
6 years$5,773$5,441$5,129$4,835$4,558$3,400
7 years$4,899$4,570$4,262$3,975$3,707$2,614
8 years$4,243$3,917$3,615$3,334$3,075$2,046
9 years$3,733$3,411$3,113$2,840$2,590$1,623
10 years$3,326$3,006$2,714$2,448$2,207$1,300
11 years$2,993$2,676$2,390$2,131$1,898$1,050
12 years$2,715$2,402$2,121$1,869$1,644$853
13 years$2,481$2,171$1,895$1,650$1,434$696
14 years$2,280$1,973$1,702$1,465$1,257$570
15 years$2,106$1,803$1,537$1,306$1,107$469
16 years$1,954$1,654$1,394$1,170$978$386
17 years$1,820$1,523$1,268$1,051$867$319
18 years$1,701$1,407$1,158$947$771$263
19 years$1,594$1,304$1,060$856$687$218
20 years$1,499$1,212$973$775$614$181
21 years$1,412$1,129$895$703$549$150
22 years$1,334$1,054$824$640$493$125
23 years$1,263$986$761$582$442$103
24 years$1,197$924$704$531$397$86
25 years$1,137$867$652$485$358$72
26 years$1,082$815$605$444$322$59
27 years$1,030$767$562$406$290$50
28 years$983$722$522$372$262$41
29 years$939$681$486$341$237$34
30 years$898$644$453$313$214$29
31 years$859$608$422$288$193$24
32 years$823$576$394$264$175$20
33 years$790$545$368$243$158$16
34 years$758$517$343$224$143$14
35 years$728$490$321$206$130$11
36 years$700$465$300$190$118$10
37 years$674$442$281$175$107$8
38 years$649$420$263$161$97$7
39 years$625$399$247$148$88$6
40 years$603$380$231$137$79$5
41 years$582$362$217$126$72$4
42 years$561$344$203$117$65$3
43 years$542$328$191$108$59$3
44 years$524$313$179$99$54$2
45 years$507$298$168$92$49$2
46 years$490$284$158$85$44$2
47 years$474$271$148$78$40$1
48 years$459$259$139$72$37$1
49 years$444$247$131$67$33$1
50 years$431$236$123$62$30$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $441,000, adding $5,523 every year, while hoping to spend $28,664 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: 81/8/11 Blend
52$441,000$441,000$441,000$441,000
53$491,679$468,306$461,470$530,131
54$511,332$460,755$446,431$548,596
55$532,029$451,873$429,928$564,535
56$553,846$441,565$411,881$581,182
57$576,866$429,729$392,207$598,593
58$601,180$416,259$370,819$616,829
59$626,886$401,042$347,627$635,960
60$654,093$383,957$322,537$656,060
61$682,917$364,878$295,449$677,213
62$713,488$343,670$266,260$699,511
63$745,946$320,192$234,861$723,055
64$780,444$294,294$201,141$747,956
65$817,152$265,816$164,982$774,340
66$856,252$234,592$126,259$802,341
67$897,946$200,444$84,846$832,110
68$942,456$163,185$40,607$863,814
69$990,023$122,617$0$897,636
70$1,040,911$78,531$0$934,553
71$1,095,412$30,708$0$979,152
72$1,153,845$0$0$1,026,925
73$1,216,559$0$0$1,080,022
74$1,283,938$0$0$1,139,979
75$1,356,404$0$0$1,204,472
76$1,434,418$0$0$1,273,911
77$1,518,489$0$0$1,348,750
78$1,609,174$0$0$1,429,487
79$1,707,087$0$0$1,516,669
80$1,812,902$0$0$1,610,897
81$1,927,357$0$0$1,712,832
82$2,051,268$0$0$1,823,199
83$2,185,528$0$0$1,942,796
84$2,331,121$0$0$2,072,502
85$2,489,129$0$0$2,213,281
86$2,660,741$0$0$2,366,195
87$2,847,265$0$0$2,532,412
88$3,050,142$0$0$2,713,217
89$3,270,954$0$0$2,910,022
90$3,511,445$0$0$3,124,384
91$3,773,531$0$0$3,358,012
92$4,059,324$0$0$3,612,791
93$4,371,146$0$0$3,890,795
94$4,711,553$0$0$4,194,303
95$5,083,360$0$0$4,525,829
96$5,489,665$0$0$4,888,137
97$5,933,880$0$0$5,284,272
98$6,419,758$0$0$5,717,586
99$6,951,436$0$0$6,191,768
100$7,533,466$0$0$6,710,883