Can I retire at age 53 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$29,481$29,218$28,962$28,712$28,468$28,229
2 years$14,594$14,323$14,059$13,804$13,556$13,316
3 years$9,633$9,360$9,097$8,844$8,601$8,366
4 years$7,153$6,881$6,620$6,372$6,134$5,907
5 years$5,665$5,394$5,138$4,894$4,663$4,444
6 years$4,673$4,405$4,152$3,914$3,690$3,479
7 years$3,966$3,699$3,450$3,218$3,001$2,798
8 years$3,435$3,171$2,926$2,699$2,489$2,295
9 years$3,022$2,761$2,520$2,299$2,096$1,911
10 years$2,692$2,434$2,197$1,982$1,786$1,609
11 years$2,423$2,166$1,934$1,725$1,536$1,367
12 years$2,198$1,945$1,717$1,513$1,331$1,170
13 years$2,008$1,757$1,534$1,336$1,161$1,007
14 years$1,846$1,597$1,378$1,186$1,018$871
15 years$1,705$1,459$1,244$1,057$896$757
16 years$1,582$1,339$1,128$947$792$660
17 years$1,473$1,233$1,027$851$702$577
18 years$1,377$1,139$937$767$624$506
19 years$1,291$1,056$858$693$556$445
20 years$1,213$981$787$627$497$392
21 years$1,143$914$724$569$445$346
22 years$1,080$853$667$518$399$305
23 years$1,022$798$616$472$358$270
24 years$969$748$570$430$322$239
25 years$920$702$528$393$289$212
26 years$876$659$490$359$261$188
27 years$834$621$455$329$235$167
28 years$796$585$423$301$212$148
29 years$760$552$393$276$192$132
30 years$727$521$366$253$173$117
31 years$696$492$342$233$156$104
32 years$667$466$319$214$142$93
33 years$639$441$298$197$128$82
34 years$614$418$278$181$116$73
35 years$590$397$260$167$105$65
36 years$567$377$243$153$95$58
37 years$546$358$228$141$86$52
38 years$525$340$213$130$78$46
39 years$506$323$200$120$71$41
40 years$488$307$187$111$64$37
41 years$471$293$175$102$58$33
42 years$455$279$165$94$53$29
43 years$439$266$154$87$48$26
44 years$424$253$145$80$44$23
45 years$410$241$136$74$40$21
46 years$397$230$128$69$36$19
47 years$384$220$120$63$33$17
48 years$372$210$113$59$30$15
49 years$360$200$106$54$27$13
50 years$349$191$100$50$24$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $357,000, adding $4,644 every year, while hoping to spend $29,415 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: 47/25/28 Blend
52$357,000$357,000$357,000$357,000
53$398,204$379,283$373,750$413,535
54$407,524$366,571$354,973$412,106
55$416,808$352,250$334,581$407,326
56$426,022$336,210$312,490$401,570
57$435,128$318,335$288,609$394,761
58$444,079$298,502$262,847$386,816
59$452,828$276,582$235,105$377,649
60$461,319$252,436$205,282$367,164
61$469,487$225,919$173,273$355,261
62$477,264$196,879$138,967$341,830
63$484,571$165,151$102,248$326,757
64$491,319$130,566$62,996$309,914
65$497,412$92,942$21,085$291,168
66$502,739$52,088$0$270,373
67$507,180$7,801$0$254,439
68$510,598$0$0$243,315
69$512,843$0$0$241,598
70$513,746$0$0$241,309
71$513,123$0$0$240,205
72$510,766$0$0$238,179
73$506,445$0$0$235,111
74$499,907$0$0$230,868
75$490,868$0$0$225,303
76$479,017$0$0$218,253
77$464,006$0$0$209,538
78$445,453$0$0$198,959
79$422,931$0$0$186,293
80$395,972$0$0$171,298
81$364,055$0$0$153,702
82$326,604$0$0$133,207
83$282,984$0$0$109,482
84$232,492$0$0$82,162
85$174,350$0$0$50,843
86$107,698$0$0$15,078
87$31,589$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$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