Can I retire at age 53 with 354,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$29,233$28,973$28,719$28,471$28,228$27,568
2 years$14,472$14,202$13,941$13,688$13,442$12,781
3 years$9,552$9,281$9,021$8,770$8,528$7,887
4 years$7,093$6,823$6,565$6,318$6,082$5,465
5 years$5,617$5,349$5,095$4,853$4,624$4,033
6 years$4,634$4,368$4,117$3,881$3,659$3,094
7 years$3,932$3,668$3,421$3,191$2,975$2,438
8 years$3,406$3,144$2,902$2,677$2,468$1,957
9 years$2,997$2,738$2,499$2,280$2,079$1,594
10 years$2,670$2,413$2,179$1,965$1,771$1,312
11 years$2,402$2,148$1,918$1,710$1,523$1,089
12 years$2,180$1,928$1,702$1,500$1,320$910
13 years$1,991$1,743$1,521$1,325$1,151$765
14 years$1,830$1,584$1,367$1,176$1,009$646
15 years$1,690$1,447$1,234$1,049$888$547
16 years$1,568$1,328$1,119$939$785$465
17 years$1,461$1,223$1,018$844$696$396
18 years$1,365$1,130$929$760$619$338
19 years$1,280$1,047$851$687$552$289
20 years$1,203$973$781$622$493$248
21 years$1,134$906$718$565$441$212
22 years$1,071$846$662$513$395$182
23 years$1,013$791$611$468$355$157
24 years$961$741$565$426$319$135
25 years$913$696$523$389$287$116
26 years$868$654$485$356$259$100
27 years$827$615$451$326$233$86
28 years$789$580$419$299$210$74
29 years$754$547$390$274$190$64
30 years$721$517$363$251$172$55
31 years$690$488$339$231$155$48
32 years$661$462$316$212$140$41
33 years$634$438$295$195$127$35
34 years$609$415$276$179$115$31
35 years$585$393$258$165$104$26
36 years$562$373$241$152$94$23
37 years$541$355$226$140$86$20
38 years$521$337$211$129$78$17
39 years$502$320$198$119$70$15
40 years$484$305$186$110$64$13
41 years$467$290$174$101$58$11
42 years$451$276$163$94$53$9
43 years$435$263$153$86$48$8
44 years$421$251$144$80$43$7
45 years$407$239$135$74$39$6
46 years$393$228$127$68$36$5
47 years$381$218$119$63$32$5
48 years$368$208$112$58$29$4
49 years$357$199$105$54$27$3
50 years$346$190$99$50$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $354,000, adding $2,962 every year, while hoping to spend $26,942 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: 60/26/14 Blend
52$354,000$354,000$354,000$354,000
53$393,163$374,401$368,914$415,212
54$404,600$364,081$352,607$420,094
55$416,300$352,352$334,850$422,132
56$428,262$339,117$315,567$423,715
57$440,484$324,272$294,677$424,800
58$452,961$307,709$272,097$425,344
59$465,688$289,312$247,737$425,297
60$478,659$268,960$221,508$424,611
61$491,866$246,522$193,312$423,229
62$505,298$221,863$163,049$421,094
63$518,942$194,838$130,615$418,143
64$532,785$165,296$95,901$414,310
65$546,808$133,075$58,793$409,521
66$560,991$98,004$19,172$403,701
67$575,311$59,905$0$396,767
68$589,741$18,588$0$392,083
69$604,248$0$0$389,382
70$618,797$0$0$393,196
71$633,347$0$0$402,314
72$647,851$0$0$411,386
73$662,256$0$0$420,376
74$676,503$0$0$429,245
75$690,524$0$0$437,947
76$704,244$0$0$446,431
77$717,576$0$0$454,641
78$730,425$0$0$462,513
79$742,684$0$0$469,974
80$754,233$0$0$476,946
81$764,938$0$0$483,339
82$774,648$0$0$489,052
83$783,196$0$0$493,976
84$790,397$0$0$497,985
85$796,043$0$0$500,942
86$799,903$0$0$502,694
87$801,721$0$0$503,071
88$801,211$0$0$501,882
89$798,057$0$0$498,919
90$791,908$0$0$493,947
91$782,374$0$0$486,709
92$769,023$0$0$476,917
93$751,375$0$0$464,255
94$728,901$0$0$448,369
95$701,012$0$0$428,871
96$667,058$0$0$405,330
97$626,319$0$0$377,268
98$577,998$0$0$344,157
99$521,213$0$0$305,414
100$454,991$0$0$260,392