Can I retire at age 53 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$28,820$28,563$28,313$28,068$27,830$27,301
2 years$14,267$14,002$13,744$13,494$13,252$12,722
3 years$9,417$9,150$8,893$8,646$8,408$7,892
4 years$6,992$6,726$6,472$6,229$5,996$5,499
5 years$5,538$5,274$5,023$4,784$4,558$4,081
6 years$4,569$4,306$4,059$3,826$3,607$3,150
7 years$3,877$3,616$3,373$3,146$2,933$2,498
8 years$3,358$3,100$2,861$2,639$2,434$2,018
9 years$2,955$2,699$2,464$2,248$2,049$1,654
10 years$2,632$2,379$2,148$1,938$1,746$1,371
11 years$2,368$2,118$1,891$1,686$1,502$1,146
12 years$2,149$1,901$1,678$1,479$1,301$965
13 years$1,963$1,718$1,499$1,306$1,135$817
14 years$1,804$1,562$1,347$1,159$995$695
15 years$1,667$1,426$1,216$1,034$876$593
16 years$1,546$1,309$1,103$926$774$508
17 years$1,440$1,205$1,004$832$686$436
18 years$1,346$1,114$916$749$610$375
19 years$1,262$1,032$839$677$544$324
20 years$1,186$959$770$613$486$279
21 years$1,118$893$708$557$435$242
22 years$1,056$834$652$506$390$209
23 years$999$780$602$461$350$181
24 years$947$731$557$420$314$157
25 years$900$686$516$384$283$137
26 years$856$645$479$351$255$119
27 years$815$607$444$321$230$103
28 years$778$572$413$294$207$90
29 years$743$539$384$270$187$78
30 years$710$509$358$248$169$68
31 years$680$481$334$228$153$59
32 years$652$456$312$209$138$52
33 years$625$431$291$192$125$45
34 years$600$409$272$177$113$39
35 years$576$388$254$163$103$34
36 years$554$368$238$150$93$30
37 years$533$350$222$138$84$26
38 years$514$332$208$127$76$23
39 years$495$316$195$117$69$20
40 years$477$301$183$108$63$17
41 years$460$286$172$100$57$15
42 years$444$273$161$92$52$13
43 years$429$260$151$85$47$11
44 years$415$247$142$79$43$10
45 years$401$236$133$73$39$9
46 years$388$225$125$67$35$8
47 years$375$215$117$62$32$7
48 years$363$205$110$57$29$6
49 years$352$196$104$53$26$5
50 years$341$187$98$49$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $349,000, adding $5,091 every year, while hoping to spend $24,620 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: 44/43/13 Blend
52$349,000$349,000$349,000$349,000
53$389,849$371,352$365,943$405,333
54$403,419$363,353$352,006$408,643
55$417,547$354,137$336,778$409,348
56$432,265$343,618$320,188$409,570
57$447,606$331,705$302,165$409,276
58$463,606$318,303$282,632$408,428
59$480,304$303,311$261,511$406,990
60$497,742$286,620$238,718$404,922
61$515,965$268,117$214,168$402,184
62$535,021$247,683$187,771$398,732
63$554,964$225,189$159,431$394,522
64$575,849$200,503$129,051$389,509
65$597,740$173,482$96,529$383,644
66$620,703$143,976$61,756$376,879
67$644,811$111,827$24,621$369,162
68$670,144$76,868$0$360,441
69$696,786$38,922$0$352,743
70$724,832$0$0$347,710
71$754,383$0$0$342,923
72$785,550$0$0$357,316
73$818,455$0$0$372,527
74$853,228$0$0$388,622
75$890,013$0$0$405,668
76$928,969$0$0$423,742
77$970,265$0$0$442,924
78$1,014,089$0$0$463,306
79$1,060,646$0$0$484,986
80$1,110,161$0$0$508,072
81$1,162,878$0$0$532,681
82$1,219,065$0$0$558,943
83$1,279,017$0$0$587,000
84$1,343,057$0$0$617,007
85$1,411,535$0$0$649,133
86$1,484,841$0$0$683,566
87$1,563,397$0$0$720,509
88$1,647,670$0$0$760,189
89$1,738,171$0$0$802,850
90$1,835,459$0$0$848,765
91$1,940,150$0$0$898,229
92$2,052,920$0$0$951,570
93$2,174,512$0$0$1,009,146
94$2,305,739$0$0$1,071,351
95$2,447,499$0$0$1,138,618
96$2,600,776$0$0$1,211,423
97$2,766,651$0$0$1,290,289
98$2,946,315$0$0$1,375,791
99$3,141,074$0$0$1,468,562
100$3,352,367$0$0$1,569,298