Can I retire at age 53 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$31,297$31,019$30,747$30,481$30,222$29,243
2 years$15,494$15,205$14,926$14,654$14,391$13,414
3 years$10,227$9,937$9,658$9,389$9,131$8,186
4 years$7,594$7,305$7,028$6,764$6,512$5,607
5 years$6,014$5,727$5,454$5,196$4,950$4,088
6 years$4,961$4,676$4,408$4,155$3,917$3,097
7 years$4,210$3,927$3,663$3,416$3,186$2,409
8 years$3,646$3,366$3,107$2,866$2,643$1,908
9 years$3,208$2,931$2,676$2,441$2,226$1,532
10 years$2,858$2,584$2,333$2,104$1,896$1,243
11 years$2,572$2,300$2,054$1,831$1,631$1,017
12 years$2,334$2,064$1,823$1,606$1,413$837
13 years$2,132$1,866$1,628$1,418$1,232$693
14 years$1,959$1,696$1,463$1,259$1,080$575
15 years$1,810$1,549$1,321$1,123$951$480
16 years$1,679$1,421$1,198$1,005$841$401
17 years$1,564$1,309$1,090$903$745$336
18 years$1,462$1,210$995$814$663$282
19 years$1,370$1,121$911$735$591$237
20 years$1,288$1,042$836$666$528$199
21 years$1,214$970$769$605$472$168
22 years$1,146$906$709$550$423$142
23 years$1,085$847$654$501$380$120
24 years$1,029$794$605$457$342$101
25 years$977$745$560$417$307$85
26 years$930$700$520$381$277$72
27 years$886$659$483$349$250$61
28 years$845$621$449$320$225$52
29 years$807$586$418$293$203$44
30 years$771$553$389$269$184$37
31 years$739$523$363$247$166$31
32 years$708$495$338$227$150$27
33 years$679$468$316$209$136$22
34 years$652$444$295$192$123$19
35 years$626$421$276$177$112$16
36 years$602$400$258$163$101$14
37 years$579$380$242$150$92$12
38 years$558$361$226$138$83$10
39 years$537$343$212$128$75$8
40 years$518$326$199$118$68$7
41 years$500$311$186$109$62$6
42 years$483$296$175$100$56$5
43 years$466$282$164$92$51$4
44 years$450$269$154$85$46$4
45 years$435$256$145$79$42$3
46 years$421$244$136$73$38$3
47 years$407$233$128$67$35$2
48 years$394$223$120$62$31$2
49 years$382$213$113$57$29$2
50 years$370$203$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $379,000, adding $4,462 every year, while hoping to spend $27,182 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: 68/9/23 Blend
52$379,000$379,000$379,000$379,000
53$422,261$402,174$396,299$448,222
54$436,410$392,959$380,654$456,967
55$451,091$382,381$363,573$462,984
56$466,330$370,346$344,981$468,924
57$482,154$356,751$324,796$474,780
58$498,593$341,490$302,935$480,542
59$515,676$324,451$279,311$486,204
60$533,439$305,512$253,831$491,756
61$551,916$284,549$226,401$497,192
62$571,145$261,426$196,919$502,503
63$591,169$236,002$165,283$507,683
64$612,030$208,128$131,382$512,724
65$633,777$177,647$95,103$517,620
66$656,461$144,390$56,328$522,366
67$680,137$108,182$14,931$526,956
68$704,864$68,836$0$531,389
69$730,707$26,156$0$542,837
70$757,735$0$0$558,501
71$786,024$0$0$576,734
72$815,655$0$0$598,551
73$846,716$0$0$621,428
74$879,303$0$0$645,436
75$913,520$0$0$670,652
76$949,480$0$0$697,161
77$987,305$0$0$725,054
78$1,027,129$0$0$754,431
79$1,069,098$0$0$785,399
80$1,113,369$0$0$818,079
81$1,160,115$0$0$852,597
82$1,209,525$0$0$889,095
83$1,261,804$0$0$927,726
84$1,317,175$0$0$968,658
85$1,375,884$0$0$1,012,074
86$1,438,199$0$0$1,058,173
87$1,504,412$0$0$1,107,174
88$1,574,844$0$0$1,159,318
89$1,649,845$0$0$1,214,865
90$1,729,798$0$0$1,274,102
91$1,815,125$0$0$1,337,345
92$1,906,284$0$0$1,404,937
93$2,003,781$0$0$1,477,255
94$2,108,169$0$0$1,554,714
95$2,220,055$0$0$1,637,768
96$2,340,104$0$0$1,726,913
97$2,469,047$0$0$1,822,698
98$2,607,684$0$0$1,925,721
99$2,756,897$0$0$2,036,641
100$2,917,651$0$0$2,156,182