Can I retire at age 53 with 372,000?

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 $372,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$30,719$30,446$30,179$29,918$29,664$29,124
2 years$15,208$14,924$14,650$14,384$14,126$13,584
3 years$10,038$9,753$9,479$9,216$8,962$8,435
4 years$7,453$7,170$6,899$6,639$6,392$5,884
5 years$5,903$5,621$5,354$5,100$4,859$4,371
6 years$4,870$4,590$4,327$4,078$3,845$3,378
7 years$4,132$3,855$3,595$3,353$3,127$2,681
8 years$3,579$3,304$3,049$2,813$2,594$2,169
9 years$3,149$2,877$2,626$2,396$2,184$1,780
10 years$2,805$2,536$2,290$2,065$1,861$1,477
11 years$2,524$2,258$2,016$1,797$1,601$1,236
12 years$2,290$2,026$1,789$1,577$1,387$1,042
13 years$2,093$1,831$1,598$1,392$1,210$883
14 years$1,923$1,664$1,436$1,236$1,060$752
15 years$1,776$1,520$1,297$1,102$934$643
16 years$1,648$1,395$1,176$987$825$551
17 years$1,535$1,285$1,070$886$732$474
18 years$1,435$1,187$976$799$651$409
19 years$1,345$1,100$894$722$580$353
20 years$1,264$1,022$820$654$518$305
21 years$1,191$952$755$593$463$264
22 years$1,125$889$695$539$415$229
23 years$1,065$831$642$491$373$199
24 years$1,010$779$594$448$335$173
25 years$959$731$550$409$302$150
26 years$912$687$510$374$272$131
27 years$869$647$474$343$245$114
28 years$829$609$440$314$221$99
29 years$792$575$410$288$200$87
30 years$757$543$382$264$180$75
31 years$725$513$356$243$163$66
32 years$695$486$332$223$147$57
33 years$666$460$310$205$133$50
34 years$640$436$290$189$121$44
35 years$614$413$271$174$109$38
36 years$591$392$253$160$99$33
37 years$569$373$237$147$90$29
38 years$547$354$222$136$81$25
39 years$527$337$208$125$74$22
40 years$509$320$195$115$67$19
41 years$491$305$183$107$61$17
42 years$474$290$172$98$55$15
43 years$457$277$161$91$50$13
44 years$442$264$151$84$45$11
45 years$427$252$142$77$41$10
46 years$413$240$133$72$37$9
47 years$400$229$125$66$34$8
48 years$387$219$118$61$31$7
49 years$375$209$111$56$28$6
50 years$363$199$104$52$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $372,000, adding $2,391 every year, while hoping to spend $23,902 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: 79/12/9 Blend
52$372,000$372,000$372,000$372,000
53$412,410$392,694$386,928$444,238
54$429,045$386,505$374,459$459,277
55$446,575$379,211$360,771$472,418
56$465,066$370,733$345,797$486,131
57$484,592$360,988$329,470$500,460
58$505,229$349,886$311,717$515,457
59$527,065$337,333$292,462$531,177
60$550,193$323,229$271,627$547,681
61$574,715$307,470$249,128$565,040
62$600,743$289,942$224,881$583,326
63$628,399$270,530$198,795$602,625
64$657,817$249,107$170,775$623,027
65$689,143$225,542$140,725$644,635
66$722,537$199,695$108,541$667,561
67$758,175$171,420$74,117$691,930
68$796,250$140,560$37,341$717,879
69$836,972$106,952$0$745,560
70$880,571$70,421$0$775,324
71$927,302$30,784$0$811,013
72$977,442$0$0$849,255
73$1,031,297$0$0$891,893
74$1,089,201$0$0$942,116
75$1,151,521$0$0$996,178
76$1,218,661$0$0$1,054,430
77$1,291,065$0$0$1,117,258
78$1,369,219$0$0$1,185,086
79$1,453,658$0$0$1,258,379
80$1,544,971$0$0$1,337,649
81$1,643,803$0$0$1,423,458
82$1,750,866$0$0$1,516,425
83$1,866,940$0$0$1,617,230
84$1,992,884$0$0$1,726,619
85$2,129,643$0$0$1,845,416
86$2,278,257$0$0$1,974,525
87$2,439,868$0$0$2,114,941
88$2,615,733$0$0$2,267,758
89$2,807,238$0$0$2,434,180
90$3,015,904$0$0$2,615,534
91$3,243,408$0$0$2,813,277
92$3,491,593$0$0$3,029,015
93$3,762,490$0$0$3,264,516
94$4,058,333$0$0$3,521,723
95$4,381,582$0$0$3,802,779
96$4,734,945$0$0$4,110,040
97$5,121,405$0$0$4,446,103
98$5,544,243$0$0$4,813,824
99$6,007,075$0$0$5,216,351
100$6,513,882$0$0$5,657,148