Can I retire at age 53 with 359,000?

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 $359,000?

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$29,646$29,382$29,124$28,873$28,627$28,495
2 years$14,676$14,403$14,138$13,881$13,632$13,498
3 years$9,687$9,412$9,148$8,894$8,649$8,518
4 years$7,193$6,919$6,658$6,407$6,168$6,041
5 years$5,697$5,425$5,167$4,922$4,689$4,566
6 years$4,700$4,430$4,175$3,936$3,710$3,592
7 years$3,988$3,720$3,470$3,236$3,017$2,904
8 years$3,454$3,189$2,943$2,714$2,503$2,394
9 years$3,039$2,776$2,534$2,312$2,108$2,003
10 years$2,707$2,447$2,210$1,993$1,796$1,696
11 years$2,436$2,179$1,945$1,735$1,545$1,449
12 years$2,210$1,955$1,726$1,521$1,339$1,247
13 years$2,019$1,767$1,542$1,343$1,167$1,080
14 years$1,856$1,606$1,386$1,192$1,023$940
15 years$1,714$1,467$1,251$1,063$901$822
16 years$1,591$1,346$1,134$952$796$721
17 years$1,481$1,240$1,032$855$706$634
18 years$1,385$1,146$942$771$628$560
19 years$1,298$1,062$863$697$560$495
20 years$1,220$987$792$631$500$439
21 years$1,150$919$728$573$447$390
22 years$1,086$858$671$521$401$346
23 years$1,028$802$620$474$360$308
24 years$974$752$573$432$323$275
25 years$926$706$531$395$291$245
26 years$880$663$492$361$262$219
27 years$839$624$457$331$236$196
28 years$800$588$425$303$213$175
29 years$764$555$395$278$193$157
30 years$731$524$368$255$174$140
31 years$700$495$343$234$157$126
32 years$670$469$320$215$142$113
33 years$643$444$299$198$129$101
34 years$617$421$280$182$117$91
35 years$593$399$261$168$106$81
36 years$570$379$244$154$96$73
37 years$549$360$229$142$87$66
38 years$528$342$214$131$79$59
39 years$509$325$201$121$71$53
40 years$491$309$188$111$65$48
41 years$474$294$176$103$59$43
42 years$457$280$166$95$53$38
43 years$441$267$155$88$48$35
44 years$427$255$146$81$44$31
45 years$412$243$137$75$40$28
46 years$399$232$129$69$36$25
47 years$386$221$121$64$33$23
48 years$374$211$114$59$30$20
49 years$362$201$107$54$27$18
50 years$351$192$100$50$25$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $359,000, adding $6,124 every year, while hoping to spend $20,980 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: 69/14/17 Blend
52$359,000$359,000$359,000$359,000
53$401,935$382,908$377,343$427,631
54$420,610$379,348$367,662$441,982
55$440,486$374,910$356,953$454,621
56$461,665$369,530$345,160$467,922
57$484,255$363,138$332,223$481,950
58$508,378$355,660$318,082$496,774
59$534,166$347,021$302,671$512,472
60$561,763$337,137$285,922$529,130
61$591,328$325,921$267,766$546,844
62$623,035$313,283$248,127$565,719
63$657,074$299,124$226,929$585,873
64$693,656$283,342$204,092$607,437
65$733,011$265,827$179,531$630,553
66$775,391$246,465$153,158$655,383
67$821,073$225,135$124,881$682,103
68$870,363$201,706$94,605$710,909
69$923,595$176,045$62,229$742,018
70$981,136$148,006$27,649$775,671
71$1,043,392$117,438$0$812,134
72$1,110,807$84,181$0$853,380
73$1,183,869$48,066$0$903,517
74$1,263,116$8,914$0$957,907
75$1,349,139$0$0$1,016,972
76$1,442,587$0$0$1,086,332
77$1,544,176$0$0$1,163,245
78$1,654,692$0$0$1,246,935
79$1,775,001$0$0$1,338,061
80$1,906,054$0$0$1,437,345
81$2,048,899$0$0$1,545,584
82$2,204,691$0$0$1,663,656
83$2,374,697$0$0$1,792,524
84$2,560,315$0$0$1,933,250
85$2,763,084$0$0$2,087,004
86$2,984,696$0$0$2,255,073
87$3,227,015$0$0$2,438,873
88$3,492,095$0$0$2,639,965
89$3,782,193$0$0$2,860,067
90$4,099,800$0$0$3,101,070
91$4,447,656$0$0$3,365,057
92$4,828,777$0$0$3,654,324
93$5,246,488$0$0$3,971,395
94$5,704,448$0$0$4,319,054
95$6,206,689$0$0$4,700,365
96$6,757,651$0$0$5,118,705
97$7,362,224$0$0$5,577,790
98$8,025,795$0$0$6,081,717
99$8,754,298$0$0$6,634,997
100$9,554,270$0$0$7,242,599