Can I retire at age 53 with 363,000?

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 $363,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$29,976$29,709$29,449$29,194$28,946$27,787
2 years$14,840$14,563$14,295$14,036$13,784$12,630
3 years$9,795$9,517$9,250$8,993$8,745$7,634
4 years$7,273$6,996$6,732$6,479$6,237$5,176
5 years$5,760$5,485$5,224$4,976$4,741$3,734
6 years$4,752$4,479$4,222$3,980$3,752$2,798
7 years$4,032$3,761$3,508$3,272$3,051$2,151
8 years$3,493$3,224$2,975$2,745$2,531$1,684
9 years$3,073$2,807$2,563$2,338$2,132$1,336
10 years$2,738$2,475$2,234$2,015$1,816$1,070
11 years$2,463$2,203$1,967$1,754$1,562$864
12 years$2,235$1,977$1,746$1,538$1,354$702
13 years$2,042$1,787$1,560$1,358$1,180$573
14 years$1,877$1,624$1,401$1,206$1,035$469
15 years$1,733$1,484$1,265$1,075$911$386
16 years$1,608$1,361$1,147$963$805$318
17 years$1,498$1,254$1,044$865$714$262
18 years$1,400$1,158$953$780$635$217
19 years$1,312$1,074$872$704$566$180
20 years$1,234$998$801$638$505$149
21 years$1,163$929$736$579$452$123
22 years$1,098$867$679$526$405$103
23 years$1,039$811$627$479$364$85
24 years$985$760$580$437$327$71
25 years$936$713$537$399$294$59
26 years$890$670$498$365$265$49
27 years$848$631$462$334$239$41
28 years$809$595$430$306$216$34
29 years$773$561$400$281$195$28
30 years$739$530$372$258$176$24
31 years$707$501$347$237$159$20
32 years$678$474$324$218$144$16
33 years$650$449$303$200$130$14
34 years$624$425$283$184$118$11
35 years$600$403$264$169$107$9
36 years$577$383$247$156$97$8
37 years$555$364$231$144$88$7
38 years$534$346$217$133$80$5
39 years$515$329$203$122$72$5
40 years$496$313$190$113$65$4
41 years$479$298$178$104$59$3
42 years$462$283$167$96$54$3
43 years$446$270$157$89$49$2
44 years$431$257$147$82$44$2
45 years$417$245$138$76$40$2
46 years$403$234$130$70$37$1
47 years$390$223$122$64$33$1
48 years$378$213$115$60$30$1
49 years$366$204$108$55$27$1
50 years$354$195$101$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $363,000, adding $4,185 every year, while hoping to spend $27,110 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: 74/14/12 Blend
52$363,000$363,000$363,000$363,000
53$404,343$385,104$379,477$432,980
54$416,741$375,129$363,345$442,488
55$429,495$363,757$345,764$449,117
56$442,613$350,890$326,656$455,636
57$456,102$336,427$305,942$462,026
58$469,970$320,257$283,536$468,268
59$484,223$302,266$259,351$474,339
60$498,870$282,333$233,295$480,216
61$513,916$260,329$205,272$485,873
62$529,368$236,117$175,181$491,283
63$545,231$209,555$142,917$496,418
64$561,511$180,489$108,372$501,245
65$578,213$148,761$71,430$505,731
66$595,341$114,200$31,972$509,839
67$612,897$76,627$0$513,531
68$630,884$35,854$0$518,062
69$649,303$0$0$526,542
70$668,154$0$0$536,124
71$687,435$0$0$551,572
72$707,144$0$0$567,360
73$727,275$0$0$583,484
74$747,822$0$0$599,937
75$768,775$0$0$616,712
76$790,122$0$0$633,798
77$811,849$0$0$651,185
78$833,938$0$0$668,855
79$856,367$0$0$686,793
80$879,111$0$0$704,976
81$902,140$0$0$723,381
82$925,419$0$0$741,977
83$948,907$0$0$760,731
84$972,557$0$0$779,605
85$996,315$0$0$798,555
86$1,020,121$0$0$817,529
87$1,043,903$0$0$836,471
88$1,067,583$0$0$855,315
89$1,091,070$0$0$873,987
90$1,114,262$0$0$892,403
91$1,137,045$0$0$910,470
92$1,159,290$0$0$928,082
93$1,180,850$0$0$945,119
94$1,201,564$0$0$961,449
95$1,221,249$0$0$976,922
96$1,239,702$0$0$991,372
97$1,256,694$0$0$1,004,612
98$1,271,972$0$0$1,016,434
99$1,285,251$0$0$1,026,607
100$1,296,217$0$0$1,034,872