Can I retire at age 53 with 376,000?

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 $376,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$31,050$30,773$30,503$30,240$29,983$29,559
2 years$15,371$15,085$14,807$14,538$14,278$13,852
3 years$10,146$9,858$9,581$9,315$9,058$8,643
4 years$7,533$7,247$6,973$6,711$6,460$6,059
5 years$5,966$5,682$5,411$5,155$4,911$4,525
6 years$4,922$4,639$4,373$4,122$3,886$3,516
7 years$4,177$3,896$3,634$3,389$3,160$2,806
8 years$3,618$3,340$3,082$2,843$2,622$2,283
9 years$3,183$2,908$2,654$2,422$2,208$1,885
10 years$2,836$2,563$2,314$2,087$1,881$1,574
11 years$2,552$2,282$2,037$1,817$1,618$1,326
12 years$2,315$2,048$1,808$1,593$1,402$1,125
13 years$2,115$1,851$1,615$1,407$1,223$959
14 years$1,944$1,682$1,451$1,249$1,072$823
15 years$1,795$1,537$1,311$1,114$944$708
16 years$1,666$1,410$1,188$997$834$611
17 years$1,552$1,299$1,081$896$739$529
18 years$1,450$1,200$987$807$658$460
19 years$1,359$1,112$904$730$586$400
20 years$1,278$1,033$829$661$523$348
21 years$1,204$963$763$600$468$304
22 years$1,137$899$703$545$420$266
23 years$1,076$840$649$497$377$233
24 years$1,021$787$600$453$339$204
25 years$969$739$556$414$305$178
26 years$922$694$516$378$275$157
27 years$878$654$479$346$248$137
28 years$838$616$445$317$223$121
29 years$800$581$414$291$202$106
30 years$765$549$386$267$182$93
31 years$733$519$360$245$165$82
32 years$702$491$336$225$149$72
33 years$673$465$313$207$135$63
34 years$646$441$293$191$122$56
35 years$621$418$274$175$111$49
36 years$597$397$256$162$100$43
37 years$575$377$240$149$91$38
38 years$553$358$224$137$82$34
39 years$533$340$210$127$75$30
40 years$514$324$197$117$68$26
41 years$496$308$185$108$61$23
42 years$479$294$173$99$56$20
43 years$462$280$163$92$51$18
44 years$447$267$153$85$46$16
45 years$432$254$143$78$42$14
46 years$418$243$135$72$38$12
47 years$404$231$127$67$34$11
48 years$391$221$119$62$31$9
49 years$379$211$112$57$28$8
50 years$367$202$105$53$26$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $376,000, adding $2,918 every year, while hoping to spend $24,892 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: 53/36/11 Blend
52$376,000$376,000$376,000$376,000
53$417,362$397,434$391,606$438,144
54$433,448$390,423$378,240$445,596
55$450,340$382,235$363,592$450,767
56$468,095$372,785$347,592$455,815
57$486,774$361,984$330,169$460,731
58$506,442$349,738$311,247$465,512
59$527,171$335,948$290,746$470,152
60$549,041$320,507$268,585$474,648
61$572,137$303,306$244,676$478,999
62$596,552$284,224$218,929$483,204
63$622,387$263,139$191,251$487,265
64$649,756$239,918$161,542$491,186
65$678,778$214,421$129,701$494,974
66$709,587$186,501$95,620$498,639
67$742,328$156,003$59,186$502,194
68$777,160$122,762$20,284$505,656
69$814,257$86,604$0$509,048
70$853,810$47,346$0$514,890
71$896,026$4,794$0$523,425
72$941,136$0$0$532,327
73$989,388$0$0$558,004
74$1,041,058$0$0$587,557
75$1,096,448$0$0$619,262
76$1,155,886$0$0$653,312
77$1,219,737$0$0$689,919
78$1,288,399$0$0$729,313
79$1,362,307$0$0$771,749
80$1,441,943$0$0$817,508
81$1,527,833$0$0$866,896
82$1,620,556$0$0$920,250
83$1,720,749$0$0$977,942
84$1,829,111$0$0$1,040,379
85$1,946,411$0$0$1,108,009
86$2,073,493$0$0$1,181,325
87$2,211,286$0$0$1,260,868
88$2,360,813$0$0$1,347,235
89$2,523,197$0$0$1,441,081
90$2,699,674$0$0$1,543,127
91$2,891,604$0$0$1,654,165
92$3,100,482$0$0$1,775,069
93$3,327,955$0$0$1,906,799
94$3,575,833$0$0$2,050,412
95$3,846,110$0$0$2,207,071
96$4,140,981$0$0$2,378,055
97$4,462,858$0$0$2,564,774
98$4,814,402$0$0$2,768,780
99$5,198,538$0$0$2,991,780
100$5,618,487$0$0$3,235,654