Can I retire at age 53 with 443,000?

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 $443,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$36,583$36,257$35,939$35,628$35,325$34,726
2 years$18,110$17,773$17,446$17,129$16,822$16,219
3 years$11,954$11,615$11,289$10,975$10,672$10,086
4 years$8,876$8,538$8,215$7,907$7,612$7,046
5 years$7,030$6,694$6,375$6,073$5,786$5,243
6 years$5,799$5,466$5,152$4,857$4,578$4,058
7 years$4,921$4,590$4,282$3,993$3,723$3,226
8 years$4,262$3,935$3,631$3,350$3,089$2,615
9 years$3,750$3,426$3,127$2,853$2,601$2,150
10 years$3,341$3,020$2,727$2,459$2,217$1,787
11 years$3,006$2,688$2,400$2,140$1,906$1,499
12 years$2,728$2,413$2,130$1,877$1,652$1,266
13 years$2,492$2,181$1,903$1,657$1,441$1,075
14 years$2,290$1,982$1,710$1,471$1,263$917
15 years$2,115$1,811$1,544$1,312$1,112$786
16 years$1,963$1,661$1,400$1,175$983$675
17 years$1,828$1,530$1,274$1,056$871$582
18 years$1,708$1,414$1,163$951$775$503
19 years$1,602$1,310$1,065$860$691$435
20 years$1,506$1,218$977$779$617$377
21 years$1,419$1,134$899$707$552$327
22 years$1,340$1,059$828$642$495$285
23 years$1,268$990$765$585$444$248
24 years$1,203$928$707$534$399$216
25 years$1,142$871$655$487$359$188
26 years$1,086$818$608$446$324$164
27 years$1,035$770$564$408$292$143
28 years$987$726$524$374$263$125
29 years$943$685$488$343$238$109
30 years$902$646$455$315$215$95
31 years$863$611$424$289$194$83
32 years$827$578$395$265$176$73
33 years$793$548$369$244$159$64
34 years$762$519$345$225$144$56
35 years$732$492$323$207$130$49
36 years$704$467$302$190$118$43
37 years$677$444$282$175$107$37
38 years$652$422$264$162$97$33
39 years$628$401$248$149$88$29
40 years$606$382$232$138$80$25
41 years$584$363$218$127$72$22
42 years$564$346$204$117$66$19
43 years$545$330$192$108$60$17
44 years$526$314$180$100$54$15
45 years$509$300$169$92$49$13
46 years$492$286$159$85$45$11
47 years$476$273$149$79$41$10
48 years$461$260$140$73$37$9
49 years$446$249$132$67$33$8
50 years$433$237$124$62$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $443,000, adding $2,718 every year, while hoping to spend $29,694 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: 62/24/14 Blend
52$443,000$443,000$443,000$443,000
53$490,990$467,511$460,644$519,591
54$509,476$458,824$444,482$530,438
55$528,854$448,717$426,782$538,651
56$549,181$437,089$407,463$546,898
57$570,522$423,831$386,439$555,184
58$592,948$408,832$363,617$563,516
59$616,535$391,971$338,905$571,900
60$641,366$373,121$312,202$580,349
61$667,531$352,149$283,406$588,875
62$695,127$328,914$252,409$597,494
63$724,264$303,264$219,098$606,225
64$755,056$275,041$183,355$615,092
65$787,633$244,079$145,058$624,121
66$822,132$210,199$104,078$633,345
67$858,706$173,216$60,282$642,801
68$897,521$132,931$13,529$652,533
69$938,759$89,135$0$662,592
70$982,619$41,609$0$678,467
71$1,029,318$0$0$697,304
72$1,079,094$0$0$719,790
73$1,132,208$0$0$755,529
74$1,188,945$0$0$793,726
75$1,249,619$0$0$834,595
76$1,314,573$0$0$878,369
77$1,384,183$0$0$925,306
78$1,458,863$0$0$975,687
79$1,539,064$0$0$1,029,820
80$1,625,286$0$0$1,088,045
81$1,718,073$0$0$1,150,735
82$1,818,025$0$0$1,218,298
83$1,925,800$0$0$1,291,183
84$2,042,122$0$0$1,369,884
85$2,167,786$0$0$1,454,943
86$2,303,664$0$0$1,546,956
87$2,450,717$0$0$1,646,578
88$2,610,000$0$0$1,754,529
89$2,782,673$0$0$1,871,601
90$2,970,011$0$0$1,998,665
91$3,173,419$0$0$2,136,679
92$3,394,439$0$0$2,286,695
93$3,634,769$0$0$2,449,874
94$3,896,277$0$0$2,627,490
95$4,181,018$0$0$2,820,946
96$4,491,252$0$0$3,031,787
97$4,829,470$0$0$3,261,711
98$5,198,409$0$0$3,512,588
99$5,601,084$0$0$3,786,478
100$6,040,814$0$0$4,085,646