Can I retire at age 53 with 361,000?

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 $361,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$29,811$29,546$29,286$29,034$28,787$28,034
2 years$14,758$14,483$14,217$13,958$13,708$12,955
3 years$9,741$9,465$9,199$8,943$8,697$7,967
4 years$7,233$6,958$6,695$6,443$6,203$5,501
5 years$5,728$5,455$5,195$4,949$4,715$4,044
6 years$4,726$4,454$4,199$3,958$3,731$3,091
7 years$4,010$3,741$3,489$3,254$3,034$2,426
8 years$3,473$3,207$2,959$2,730$2,517$1,940
9 years$3,056$2,792$2,549$2,325$2,120$1,573
10 years$2,723$2,461$2,222$2,004$1,806$1,289
11 years$2,450$2,191$1,956$1,744$1,553$1,066
12 years$2,223$1,966$1,736$1,530$1,346$886
13 years$2,031$1,777$1,551$1,351$1,174$741
14 years$1,866$1,615$1,394$1,199$1,029$623
15 years$1,724$1,476$1,258$1,069$906$525
16 years$1,599$1,354$1,141$957$801$444
17 years$1,490$1,247$1,038$860$710$376
18 years$1,392$1,152$948$775$631$320
19 years$1,305$1,068$867$701$563$272
20 years$1,227$992$796$634$503$232
21 years$1,156$924$732$576$450$198
22 years$1,092$863$675$524$403$169
23 years$1,033$807$623$477$362$144
24 years$980$756$576$435$325$123
25 years$931$709$534$397$293$106
26 years$885$667$495$363$264$90
27 years$843$628$460$332$238$77
28 years$805$591$427$305$214$66
29 years$768$558$398$279$194$57
30 years$735$527$370$256$175$49
31 years$703$498$345$235$158$42
32 years$674$471$322$216$143$36
33 years$646$446$301$199$130$31
34 years$621$423$281$183$117$26
35 years$596$401$263$168$106$23
36 years$573$381$246$155$96$20
37 years$552$362$230$143$87$17
38 years$531$344$215$132$79$14
39 years$512$327$202$122$72$12
40 years$494$311$189$112$65$11
41 years$476$296$177$103$59$9
42 years$460$282$166$95$54$8
43 years$444$269$156$88$49$7
44 years$429$256$147$81$44$6
45 years$415$244$138$75$40$5
46 years$401$233$129$69$36$4
47 years$388$222$121$64$33$4
48 years$376$212$114$59$30$3
49 years$364$203$107$55$27$3
50 years$352$194$101$51$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $361,000, adding $6,137 every year, while hoping to spend $25,043 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: 39/42/19 Blend
52$361,000$361,000$361,000$361,000
53$404,152$385,019$379,424$417,412
54$418,730$377,240$365,489$419,713
55$433,956$368,240$350,248$419,355
56$449,869$357,933$333,631$418,448
57$466,512$346,228$315,563$416,955
58$483,931$333,028$295,970$414,840
59$502,177$318,231$274,770$412,063
60$521,304$301,729$251,879$408,584
61$541,370$283,408$227,211$404,359
62$562,441$263,146$200,674$399,347
63$584,585$240,815$172,172$393,500
64$607,879$216,281$141,605$386,774
65$632,403$189,400$108,870$379,119
66$658,249$160,021$73,858$370,487
67$685,513$127,985$36,455$360,827
68$714,302$93,122$0$350,086
69$744,732$55,256$0$338,915
70$776,929$14,198$0$334,490
71$811,032$0$0$329,385
72$847,191$0$0$337,553
73$885,571$0$0$353,211
74$926,354$0$0$369,876
75$969,735$0$0$387,631
76$1,015,931$0$0$406,567
77$1,065,179$0$0$426,786
78$1,117,737$0$0$448,397
79$1,173,889$0$0$471,523
80$1,233,946$0$0$496,295
81$1,298,250$0$0$522,859
82$1,367,173$0$0$551,375
83$1,441,126$0$0$582,018
84$1,520,558$0$0$614,980
85$1,605,965$0$0$650,473
86$1,697,888$0$0$688,728
87$1,796,923$0$0$730,000
88$1,903,724$0$0$774,569
89$2,019,009$0$0$822,742
90$2,143,568$0$0$874,858
91$2,278,269$0$0$931,288
92$2,424,065$0$0$992,441
93$2,582,004$0$0$1,058,764
94$2,753,240$0$0$1,130,754
95$2,939,040$0$0$1,208,952
96$3,140,798$0$0$1,293,957
97$3,360,048$0$0$1,386,425
98$3,598,476$0$0$1,487,081
99$3,857,938$0$0$1,596,719
100$4,140,477$0$0$1,716,216