Can I retire at age 53 with 373,000?

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 $373,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$30,802$30,528$30,260$29,999$29,744$29,251
2 years$15,249$14,965$14,689$14,422$14,164$13,669
3 years$10,065$9,779$9,505$9,241$8,986$8,504
4 years$7,473$7,189$6,917$6,657$6,409$5,944
5 years$5,919$5,636$5,368$5,113$4,872$4,425
6 years$4,883$4,602$4,338$4,089$3,855$3,427
7 years$4,143$3,865$3,605$3,362$3,135$2,726
8 years$3,589$3,313$3,057$2,820$2,601$2,210
9 years$3,158$2,885$2,633$2,402$2,190$1,818
10 years$2,813$2,543$2,296$2,071$1,866$1,513
11 years$2,531$2,264$2,021$1,802$1,605$1,269
12 years$2,297$2,032$1,794$1,581$1,391$1,073
13 years$2,098$1,836$1,603$1,396$1,213$912
14 years$1,928$1,669$1,440$1,239$1,063$778
15 years$1,781$1,525$1,300$1,105$936$667
16 years$1,653$1,399$1,179$989$827$574
17 years$1,539$1,288$1,073$889$734$495
18 years$1,439$1,190$979$801$652$428
19 years$1,349$1,103$896$724$581$370
20 years$1,268$1,025$823$656$519$321
21 years$1,195$955$757$595$465$279
22 years$1,128$891$697$541$417$243
23 years$1,068$834$644$493$374$212
24 years$1,012$781$595$449$336$184
25 years$962$733$552$410$302$161
26 years$915$689$512$375$272$140
27 years$871$648$475$343$246$123
28 years$831$611$442$315$222$107
29 years$794$576$411$289$200$94
30 years$759$544$383$265$181$82
31 years$727$515$357$243$163$72
32 years$696$487$333$224$148$63
33 years$668$461$311$206$134$55
34 years$641$437$290$189$121$48
35 years$616$414$272$174$110$42
36 years$592$393$254$160$99$37
37 years$570$374$238$148$90$32
38 years$549$355$223$136$82$28
39 years$529$338$209$126$74$25
40 years$510$321$196$116$67$22
41 years$492$306$183$107$61$19
42 years$475$291$172$99$55$17
43 years$459$277$161$91$50$15
44 years$443$265$151$84$46$13
45 years$428$252$142$78$41$11
46 years$414$241$134$72$38$10
47 years$401$230$126$66$34$9
48 years$388$219$118$61$31$8
49 years$376$209$111$57$28$7
50 years$364$200$104$52$26$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $373,000, adding $6,037 every year, while hoping to spend $23,278 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: 59/11/30 Blend
52$373,000$373,000$373,000$373,000
53$417,273$397,504$391,723$438,153
54$435,067$392,214$380,078$447,846
55$453,897$385,885$367,263$455,443
56$473,841$378,441$353,213$463,257
57$494,991$369,802$337,863$471,314
58$517,441$359,883$321,143$479,647
59$541,298$348,595$302,979$488,291
60$566,677$335,843$283,296$497,287
61$593,705$321,527$262,013$506,680
62$622,520$305,539$239,048$516,524
63$653,275$287,768$214,314$526,876
64$686,136$268,096$187,720$537,804
65$721,284$246,395$159,171$549,382
66$758,921$222,533$128,569$561,693
67$799,264$196,371$95,809$574,833
68$842,554$167,759$60,785$588,907
69$889,056$136,540$23,382$604,034
70$939,059$102,550$0$620,346
71$992,880$65,612$0$643,285
72$1,050,870$25,543$0$676,055
73$1,113,411$0$0$711,391
74$1,180,925$0$0$751,703
75$1,253,874$0$0$798,626
76$1,332,768$0$0$849,398
77$1,418,166$0$0$904,381
78$1,510,682$0$0$963,976
79$1,610,992$0$0$1,028,622
80$1,719,840$0$0$1,098,800
81$1,838,043$0$0$1,175,042
82$1,966,500$0$0$1,257,931
83$2,106,200$0$0$1,348,111
84$2,258,232$0$0$1,446,289
85$2,423,794$0$0$1,553,241
86$2,604,202$0$0$1,669,825
87$2,800,907$0$0$1,796,983
88$3,015,504$0$0$1,935,750
89$3,249,751$0$0$2,087,270
90$3,505,582$0$0$2,252,797
91$3,785,124$0$0$2,433,716
92$4,090,722$0$0$2,631,550
93$4,424,955$0$0$2,847,975
94$4,790,665$0$0$3,084,838
95$5,190,980$0$0$3,344,171
96$5,629,344$0$0$3,628,213
97$6,109,552$0$0$3,939,430
98$6,635,780$0$0$4,280,538
99$7,212,630$0$0$4,654,526
100$7,845,168$0$0$5,064,687