Can I retire at age 53 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$29,481$29,218$28,962$28,712$28,468$28,336
2 years$14,594$14,323$14,059$13,804$13,556$13,423
3 years$9,633$9,360$9,097$8,844$8,601$8,470
4 years$7,153$6,881$6,620$6,372$6,134$6,008
5 years$5,665$5,394$5,138$4,894$4,663$4,541
6 years$4,673$4,405$4,152$3,914$3,690$3,572
7 years$3,966$3,699$3,450$3,218$3,001$2,887
8 years$3,435$3,171$2,926$2,699$2,489$2,381
9 years$3,022$2,761$2,520$2,299$2,096$1,992
10 years$2,692$2,434$2,197$1,982$1,786$1,686
11 years$2,423$2,166$1,934$1,725$1,536$1,441
12 years$2,198$1,945$1,717$1,513$1,331$1,240
13 years$2,008$1,757$1,534$1,336$1,161$1,074
14 years$1,846$1,597$1,378$1,186$1,018$935
15 years$1,705$1,459$1,244$1,057$896$817
16 years$1,582$1,339$1,128$947$792$717
17 years$1,473$1,233$1,027$851$702$631
18 years$1,377$1,139$937$767$624$557
19 years$1,291$1,056$858$693$556$492
20 years$1,213$981$787$627$497$436
21 years$1,143$914$724$569$445$387
22 years$1,080$853$667$518$399$344
23 years$1,022$798$616$472$358$307
24 years$969$748$570$430$322$273
25 years$920$702$528$393$289$244
26 years$876$659$490$359$261$218
27 years$834$621$455$329$235$195
28 years$796$585$423$301$212$174
29 years$760$552$393$276$192$156
30 years$727$521$366$253$173$140
31 years$696$492$342$233$156$125
32 years$667$466$319$214$142$112
33 years$639$441$298$197$128$101
34 years$614$418$278$181$116$90
35 years$590$397$260$167$105$81
36 years$567$377$243$153$95$73
37 years$546$358$228$141$86$65
38 years$525$340$213$130$78$59
39 years$506$323$200$120$71$53
40 years$488$307$187$111$64$47
41 years$471$293$175$102$58$43
42 years$455$279$165$94$53$38
43 years$439$266$154$87$48$34
44 years$424$253$145$80$44$31
45 years$410$241$136$74$40$28
46 years$397$230$128$69$36$25
47 years$384$220$120$63$33$23
48 years$372$210$113$59$30$20
49 years$360$200$106$54$27$18
50 years$349$191$100$50$24$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $357,000, adding $6,891 every year, while hoping to spend $22,118 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: 84/9/7 Blend
52$357,000$357,000$357,000$357,000
53$400,522$381,601$376,068$433,332
54$417,842$376,766$365,132$450,949
55$436,187$370,953$353,090$466,579
56$455,639$364,090$339,879$483,053
57$476,286$356,103$325,437$500,439
58$498,225$346,910$309,697$518,817
59$521,564$336,428$292,591$538,271
60$546,417$324,566$274,046$558,895
61$572,912$311,231$253,988$580,794
62$601,188$296,320$232,336$604,080
63$631,399$279,730$209,008$628,879
64$663,711$261,346$183,920$655,330
65$698,308$241,050$156,980$683,584
66$735,392$218,718$128,094$713,809
67$775,182$194,215$97,166$746,191
68$817,921$167,403$64,092$780,933
69$863,876$138,132$28,766$818,259
70$913,338$106,247$0$858,416
71$966,627$71,582$0$902,346
72$1,024,095$33,962$0$952,017
73$1,086,130$0$0$1,005,620
74$1,153,156$0$0$1,064,201
75$1,225,641$0$0$1,131,196
76$1,304,097$0$0$1,203,716
77$1,389,088$0$0$1,282,282
78$1,481,236$0$0$1,367,469
79$1,581,223$0$0$1,459,909
80$1,689,799$0$0$1,560,296
81$1,807,789$0$0$1,669,394
82$1,936,102$0$0$1,788,043
83$2,075,736$0$0$1,917,168
84$2,227,790$0$0$2,057,786
85$2,393,474$0$0$2,211,017
86$2,574,120$0$0$2,378,093
87$2,771,191$0$0$2,560,369
88$2,986,300$0$0$2,759,338
89$3,221,223$0$0$2,976,643
90$3,477,913$0$0$3,214,093
91$3,758,521$0$0$3,473,678
92$4,065,416$0$0$3,757,591
93$4,401,205$0$0$4,068,245
94$4,768,760$0$0$4,408,299
95$5,171,243$0$0$4,780,678
96$5,612,135$0$0$5,188,607
97$6,095,270$0$0$5,635,633
98$6,624,873$0$0$6,125,666
99$7,205,593$0$0$6,663,012
100$7,842,554$0$0$7,252,411