Can I retire at age 53 with 382,000?

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 $382,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$31,545$31,264$30,990$30,722$30,461$29,522
2 years$15,616$15,326$15,044$14,770$14,505$13,567
3 years$10,308$10,015$9,734$9,464$9,203$8,295
4 years$7,654$7,362$7,084$6,818$6,564$5,693
5 years$6,062$5,772$5,498$5,237$4,989$4,159
6 years$5,001$4,713$4,443$4,188$3,948$3,158
7 years$4,243$3,958$3,692$3,443$3,211$2,462
8 years$3,675$3,393$3,131$2,888$2,664$1,955
9 years$3,234$2,954$2,697$2,460$2,243$1,574
10 years$2,881$2,604$2,351$2,121$1,911$1,280
11 years$2,592$2,318$2,070$1,846$1,644$1,050
12 years$2,352$2,081$1,837$1,619$1,424$866
13 years$2,149$1,880$1,641$1,429$1,242$719
14 years$1,975$1,709$1,475$1,269$1,089$599
15 years$1,824$1,561$1,331$1,131$959$501
16 years$1,692$1,433$1,207$1,013$847$420
17 years$1,576$1,319$1,098$910$751$353
18 years$1,473$1,219$1,003$820$668$297
19 years$1,381$1,130$918$741$595$250
20 years$1,298$1,050$842$671$532$211
21 years$1,223$978$775$609$476$179
22 years$1,156$913$714$554$427$151
23 years$1,094$854$659$505$383$128
24 years$1,037$800$610$460$344$108
25 years$985$751$565$420$310$92
26 years$937$706$524$384$279$78
27 years$893$664$486$352$252$66
28 years$851$626$452$322$227$56
29 years$813$590$421$296$205$48
30 years$778$557$392$271$185$40
31 years$744$527$365$249$167$34
32 years$713$499$341$229$151$29
33 years$684$472$318$210$137$25
34 years$657$448$297$194$124$21
35 years$631$424$278$178$112$18
36 years$607$403$260$164$102$15
37 years$584$383$244$151$92$13
38 years$562$364$228$139$84$11
39 years$542$346$214$129$76$9
40 years$522$329$200$119$69$8
41 years$504$313$188$109$62$7
42 years$486$298$176$101$57$6
43 years$470$284$165$93$51$5
44 years$454$271$155$86$47$4
45 years$439$258$146$79$42$4
46 years$424$246$137$73$38$3
47 years$411$235$129$68$35$3
48 years$398$224$121$63$32$2
49 years$385$214$114$58$29$2
50 years$373$205$107$54$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $382,000, adding $2,951 every year, while hoping to spend $20,521 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: 31/44/25 Blend
52$382,000$382,000$382,000$382,000
53$424,008$403,762$397,841$433,815
54$445,423$401,712$389,334$439,518
55$468,334$398,874$379,855$443,628
56$492,872$395,187$369,349$447,638
57$519,182$390,588$357,759$451,554
58$547,421$385,009$345,026$455,382
59$577,761$378,378$331,088$459,133
60$610,393$370,619$315,879$462,819
61$645,525$361,651$299,333$466,458
62$683,385$351,389$281,378$470,069
63$724,226$339,743$261,940$473,677
64$768,324$326,617$240,941$477,314
65$815,982$311,910$218,301$481,015
66$867,533$295,514$193,936$484,822
67$923,345$277,318$167,756$488,787
68$983,820$257,201$139,670$492,968
69$1,049,402$235,036$109,581$497,433
70$1,120,578$210,690$77,389$502,261
71$1,197,885$184,021$42,989$507,543
72$1,281,911$154,880$6,272$513,382
73$1,373,307$123,110$0$519,899
74$1,472,784$88,543$0$536,009
75$1,581,130$51,003$0$555,444
76$1,699,207$10,304$0$576,737
77$1,827,968$0$0$600,123
78$1,968,459$0$0$642,204
79$2,121,832$0$0$693,647
80$2,289,356$0$0$749,893
81$2,472,426$0$0$811,419
82$2,672,581$0$0$878,750
83$2,891,513$0$0$952,462
84$3,131,085$0$0$1,033,192
85$3,393,349$0$0$1,121,638
86$3,680,566$0$0$1,218,573
87$3,995,223$0$0$1,324,845
88$4,340,061$0$0$1,441,388
89$4,718,099$0$0$1,569,233
90$5,132,660$0$0$1,709,515
91$5,587,405$0$0$1,863,482
92$6,086,368$0$0$2,032,511
93$6,633,990$0$0$2,218,118
94$7,235,164$0$0$2,421,974
95$7,895,280$0$0$2,645,917
96$8,620,274$0$0$2,891,974
97$9,416,688$0$0$3,162,380
98$10,291,726$0$0$3,459,592
99$11,253,326$0$0$3,786,321
100$12,310,233$0$0$4,145,553