Can I retire at age 53 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$31,628$31,346$31,071$30,803$30,541$30,374
2 years$15,657$15,366$15,083$14,809$14,543$14,375
3 years$10,335$10,042$9,760$9,488$9,227$9,062
4 years$7,674$7,382$7,103$6,836$6,581$6,421
5 years$6,078$5,787$5,512$5,251$5,003$4,848
6 years$5,014$4,726$4,454$4,199$3,958$3,810
7 years$4,254$3,969$3,702$3,452$3,219$3,076
8 years$3,685$3,402$3,139$2,896$2,671$2,533
9 years$3,242$2,962$2,704$2,467$2,249$2,117
10 years$2,888$2,611$2,357$2,126$1,916$1,790
11 years$2,599$2,324$2,075$1,851$1,648$1,528
12 years$2,358$2,086$1,842$1,623$1,428$1,313
13 years$2,154$1,885$1,646$1,433$1,245$1,136
14 years$1,980$1,714$1,479$1,272$1,092$987
15 years$1,829$1,565$1,335$1,134$961$862
16 years$1,697$1,436$1,210$1,016$850$755
17 years$1,580$1,323$1,101$913$753$664
18 years$1,477$1,222$1,005$823$670$585
19 years$1,385$1,133$920$743$597$516
20 years$1,302$1,053$845$673$533$457
21 years$1,227$981$777$611$477$405
22 years$1,159$915$716$555$428$360
23 years$1,096$856$661$506$384$320
24 years$1,040$802$611$461$345$285
25 years$987$753$566$421$311$254
26 years$939$707$525$385$280$226
27 years$895$666$488$353$252$202
28 years$854$627$453$323$228$180
29 years$815$592$422$296$205$161
30 years$780$559$393$272$186$144
31 years$746$528$366$250$168$129
32 years$715$500$342$230$152$115
33 years$686$473$319$211$137$103
34 years$658$449$298$194$124$93
35 years$633$426$279$179$113$83
36 years$608$404$261$165$102$74
37 years$585$384$244$152$93$67
38 years$564$365$229$140$84$60
39 years$543$347$214$129$76$54
40 years$524$330$201$119$69$48
41 years$505$314$188$110$63$43
42 years$488$299$177$101$57$39
43 years$471$285$166$93$52$35
44 years$455$272$156$86$47$31
45 years$440$259$146$80$42$28
46 years$426$247$137$74$39$25
47 years$412$236$129$68$35$23
48 years$399$225$121$63$32$20
49 years$386$215$114$58$29$18
50 years$374$205$107$54$26$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $383,000, adding $5,983 every year, while hoping to spend $27,319 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: 78/11/11 Blend
52$383,000$383,000$383,000$383,000
53$428,237$407,938$402,002$460,322
54$442,850$398,860$386,402$473,186
55$458,038$388,422$369,363$483,180
56$473,831$376,527$350,810$493,357
57$490,260$363,075$330,661$503,722
58$507,360$347,960$308,831$514,284
59$525,168$331,067$285,234$525,051
60$543,723$312,277$259,777$536,033
61$563,068$291,463$232,365$547,240
62$583,248$268,492$202,896$558,687
63$604,314$243,222$171,267$570,386
64$626,317$215,504$137,368$582,354
65$649,316$185,178$101,085$594,610
66$673,374$152,079$62,298$607,174
67$698,556$116,030$20,884$620,070
68$724,937$76,843$0$633,324
69$752,596$34,324$0$649,703
70$781,618$0$0$669,297
71$812,096$0$0$691,129
72$844,131$0$0$718,447
73$877,834$0$0$747,192
74$913,324$0$0$777,466
75$950,731$0$0$809,381
76$990,198$0$0$843,058
77$1,031,879$0$0$878,631
78$1,075,943$0$0$916,244
79$1,122,574$0$0$956,056
80$1,171,973$0$0$998,238
81$1,224,360$0$0$1,042,980
82$1,279,976$0$0$1,090,488
83$1,339,082$0$0$1,140,986
84$1,401,966$0$0$1,194,723
85$1,468,943$0$0$1,251,967
86$1,540,356$0$0$1,313,015
87$1,616,584$0$0$1,378,191
88$1,698,039$0$0$1,447,848
89$1,785,174$0$0$1,522,377
90$1,878,485$0$0$1,602,203
91$1,978,518$0$0$1,687,795
92$2,085,870$0$0$1,779,665
93$2,201,197$0$0$1,878,377
94$2,325,217$0$0$1,984,549
95$2,458,722$0$0$2,098,860
96$2,602,579$0$0$2,222,055
97$2,757,741$0$0$2,354,953
98$2,925,254$0$0$2,498,453
99$3,106,271$0$0$2,653,544
100$3,302,054$0$0$2,821,312