Can I retire at age 53 with 376,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$31,050$30,773$30,503$30,240$29,983$29,023
2 years$15,371$15,085$14,807$14,538$14,278$13,319
3 years$10,146$9,858$9,581$9,315$9,058$8,132
4 years$7,533$7,247$6,973$6,711$6,460$5,573
5 years$5,966$5,682$5,411$5,155$4,911$4,065
6 years$4,922$4,639$4,373$4,122$3,886$3,082
7 years$4,177$3,896$3,634$3,389$3,160$2,398
8 years$3,618$3,340$3,082$2,843$2,622$1,901
9 years$3,183$2,908$2,654$2,422$2,208$1,527
10 years$2,836$2,563$2,314$2,087$1,881$1,240
11 years$2,552$2,282$2,037$1,817$1,618$1,015
12 years$2,315$2,048$1,808$1,593$1,402$836
13 years$2,115$1,851$1,615$1,407$1,223$692
14 years$1,944$1,682$1,451$1,249$1,072$575
15 years$1,795$1,537$1,311$1,114$944$480
16 years$1,666$1,410$1,188$997$834$402
17 years$1,552$1,299$1,081$896$739$337
18 years$1,450$1,200$987$807$658$283
19 years$1,359$1,112$904$730$586$238
20 years$1,278$1,033$829$661$523$200
21 years$1,204$963$763$600$468$169
22 years$1,137$899$703$545$420$143
23 years$1,076$840$649$497$377$120
24 years$1,021$787$600$453$339$102
25 years$969$739$556$414$305$86
26 years$922$694$516$378$275$73
27 years$878$654$479$346$248$62
28 years$838$616$445$317$223$52
29 years$800$581$414$291$202$44
30 years$765$549$386$267$182$37
31 years$733$519$360$245$165$32
32 years$702$491$336$225$149$27
33 years$673$465$313$207$135$23
34 years$646$441$293$191$122$19
35 years$621$418$274$175$111$16
36 years$597$397$256$162$100$14
37 years$575$377$240$149$91$12
38 years$553$358$224$137$82$10
39 years$533$340$210$127$75$8
40 years$514$324$197$117$68$7
41 years$496$308$185$108$61$6
42 years$479$294$173$99$56$5
43 years$462$280$163$92$51$4
44 years$447$267$153$85$46$4
45 years$432$254$143$78$42$3
46 years$418$243$135$72$38$3
47 years$404$231$127$67$34$2
48 years$391$221$119$62$31$2
49 years$379$211$112$57$28$2
50 years$367$202$105$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $376,000, adding $3,051 every year, while hoping to spend $24,071 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: 83/7/10 Blend
52$376,000$376,000$376,000$376,000
53$417,499$397,571$391,743$451,262
54$434,473$391,441$379,255$467,676
55$452,371$384,203$365,542$482,172
56$471,262$375,779$350,537$497,358
57$491,222$366,083$334,172$513,290
58$512,333$355,027$316,372$530,028
59$534,684$342,516$297,064$547,641
60$558,372$328,450$276,166$566,201
61$583,504$312,723$253,596$585,790
62$610,198$295,223$229,268$606,498
63$638,581$275,831$203,091$628,424
64$668,792$254,423$174,970$651,676
65$700,985$230,865$144,807$676,375
66$735,326$205,019$112,500$702,653
67$772,000$176,735$77,939$730,655
68$811,207$145,858$41,013$760,543
69$853,168$112,223$1,605$792,494
70$898,124$75,655$0$826,704
71$946,341$35,970$0$867,705
72$998,109$0$0$911,881
73$1,053,747$0$0$959,880
74$1,113,606$0$0$1,014,507
75$1,178,071$0$0$1,073,342
76$1,247,564$0$0$1,136,773
77$1,322,549$0$0$1,205,222
78$1,403,536$0$0$1,279,157
79$1,491,085$0$0$1,359,090
80$1,585,812$0$0$1,445,584
81$1,688,395$0$0$1,539,258
82$1,799,578$0$0$1,640,793
83$1,920,178$0$0$1,750,937
84$2,051,097$0$0$1,870,514
85$2,193,323$0$0$2,000,429
86$2,347,947$0$0$2,141,677
87$2,516,166$0$0$2,295,354
88$2,699,298$0$0$2,462,666
89$2,898,794$0$0$2,644,939
90$3,116,250$0$0$2,843,634
91$3,353,422$0$0$3,060,355
92$3,612,244$0$0$3,296,873
93$3,894,845$0$0$3,555,132
94$4,203,566$0$0$3,837,277
95$4,540,988$0$0$4,145,665
96$4,909,949$0$0$4,482,893
97$5,313,576$0$0$4,851,822
98$5,755,312$0$0$5,255,599
99$6,238,948$0$0$5,697,691
100$6,768,657$0$0$6,181,917