Can I retire at age 53 with 364,000?

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 $364,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$30,059$29,791$29,530$29,275$29,026$28,592
2 years$14,881$14,603$14,335$14,074$13,822$13,386
3 years$9,822$9,544$9,276$9,018$8,769$8,344
4 years$7,293$7,015$6,750$6,497$6,254$5,844
5 years$5,776$5,500$5,238$4,990$4,754$4,360
6 years$4,765$4,491$4,233$3,991$3,762$3,384
7 years$4,043$3,772$3,518$3,281$3,059$2,698
8 years$3,502$3,233$2,984$2,752$2,538$2,193
9 years$3,081$2,815$2,570$2,344$2,137$1,808
10 years$2,745$2,481$2,240$2,021$1,821$1,508
11 years$2,470$2,209$1,972$1,759$1,566$1,268
12 years$2,241$1,983$1,750$1,543$1,357$1,075
13 years$2,048$1,792$1,564$1,362$1,184$916
14 years$1,882$1,629$1,405$1,209$1,038$784
15 years$1,738$1,488$1,269$1,078$914$674
16 years$1,613$1,365$1,150$965$807$581
17 years$1,502$1,257$1,047$867$716$502
18 years$1,404$1,162$955$782$637$436
19 years$1,316$1,077$875$706$567$378
20 years$1,237$1,000$803$640$507$329
21 years$1,166$932$738$581$454$287
22 years$1,101$870$681$528$407$250
23 years$1,042$814$628$481$365$219
24 years$988$762$581$438$328$191
25 years$938$715$538$400$295$167
26 years$893$672$499$366$266$147
27 years$850$633$464$335$240$128
28 years$811$596$431$307$216$113
29 years$775$562$401$282$195$99
30 years$741$531$374$258$176$87
31 years$709$502$348$237$160$76
32 years$680$475$325$218$144$67
33 years$652$450$303$201$131$59
34 years$626$426$283$185$118$52
35 years$601$404$265$170$107$45
36 years$578$384$248$156$97$40
37 years$556$365$232$144$88$35
38 years$536$347$217$133$80$31
39 years$516$330$204$123$72$27
40 years$498$314$191$113$66$24
41 years$480$298$179$104$59$21
42 years$463$284$168$96$54$18
43 years$448$271$157$89$49$16
44 years$432$258$148$82$44$14
45 years$418$246$139$76$40$13
46 years$404$235$130$70$37$11
47 years$391$224$122$65$33$10
48 years$379$214$115$60$30$9
49 years$367$204$108$55$27$8
50 years$355$195$102$51$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $364,000, adding $5,675 every year, while hoping to spend $27,527 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: 44/38/18 Blend
52$364,000$364,000$364,000$364,000
53$406,982$387,690$382,048$422,544
54$419,205$377,398$365,558$423,744
55$431,753$365,679$347,593$421,879
56$444,629$352,435$328,075$419,278
57$457,837$337,560$306,921$415,886
58$471,380$320,943$284,046$411,643
59$485,259$302,468$259,360$406,489
60$499,477$282,011$232,770$400,356
61$514,033$259,439$204,177$393,175
62$528,928$234,615$173,481$384,872
63$544,160$207,393$140,574$375,366
64$559,726$177,617$105,345$364,576
65$575,622$145,124$67,678$352,411
66$591,842$109,741$27,451$338,778
67$608,377$71,285$0$323,577
68$625,218$29,565$0$309,673
69$642,353$0$0$299,803
70$659,766$0$0$295,127
71$677,440$0$0$302,916
72$695,354$0$0$310,797
73$713,482$0$0$318,756
74$731,797$0$0$326,780
75$750,264$0$0$334,851
76$768,846$0$0$342,949
77$787,497$0$0$351,052
78$806,168$0$0$359,136
79$824,802$0$0$367,170
80$843,332$0$0$375,124
81$861,687$0$0$382,959
82$879,782$0$0$390,635
83$897,524$0$0$398,105
84$914,808$0$0$405,318
85$931,516$0$0$412,214
86$947,515$0$0$418,729
87$962,657$0$0$424,789
88$976,776$0$0$430,312
89$989,687$0$0$435,208
90$1,001,183$0$0$439,375
91$1,011,034$0$0$442,700
92$1,018,984$0$0$445,058
93$1,024,746$0$0$446,307
94$1,028,003$0$0$446,294
95$1,028,403$0$0$444,844
96$1,025,553$0$0$441,768
97$1,019,019$0$0$436,851
98$1,008,317$0$0$429,858
99$992,912$0$0$420,528
100$972,211$0$0$408,572