Can I retire at age 53 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$30,554$30,282$30,017$29,757$29,504$29,331
2 years$15,126$14,844$14,571$14,306$14,050$13,874
3 years$9,984$9,701$9,428$9,166$8,914$8,742
4 years$7,413$7,131$6,862$6,604$6,357$6,191
5 years$5,871$5,591$5,325$5,072$4,833$4,672
6 years$4,844$4,565$4,303$4,056$3,824$3,669
7 years$4,110$3,834$3,576$3,335$3,110$2,961
8 years$3,560$3,286$3,033$2,798$2,580$2,437
9 years$3,132$2,861$2,612$2,383$2,173$2,036
10 years$2,790$2,522$2,277$2,054$1,851$1,721
11 years$2,511$2,245$2,005$1,788$1,592$1,467
12 years$2,278$2,015$1,779$1,568$1,380$1,260
13 years$2,081$1,821$1,590$1,384$1,203$1,089
14 years$1,913$1,655$1,428$1,229$1,055$946
15 years$1,767$1,512$1,290$1,096$929$826
16 years$1,639$1,388$1,169$981$821$723
17 years$1,527$1,278$1,064$882$728$635
18 years$1,427$1,181$971$795$647$559
19 years$1,338$1,094$889$718$577$493
20 years$1,258$1,017$816$650$515$436
21 years$1,185$947$751$590$461$386
22 years$1,119$884$692$537$413$343
23 years$1,059$827$639$489$371$305
24 years$1,004$775$591$446$333$271
25 years$954$727$547$407$300$241
26 years$907$683$507$372$270$215
27 years$864$643$471$341$244$192
28 years$825$606$438$312$220$171
29 years$788$572$408$286$199$153
30 years$753$540$380$263$179$136
31 years$721$510$354$241$162$122
32 years$691$483$330$222$147$109
33 years$663$457$308$204$133$98
34 years$636$433$288$188$120$87
35 years$611$411$269$173$109$78
36 years$588$390$252$159$99$70
37 years$565$371$236$147$89$63
38 years$544$352$221$135$81$56
39 years$525$335$207$125$73$50
40 years$506$319$194$115$67$45
41 years$488$303$182$106$60$40
42 years$471$289$171$98$55$36
43 years$455$275$160$90$50$33
44 years$440$262$150$83$45$29
45 years$425$250$141$77$41$26
46 years$411$239$133$71$37$23
47 years$398$228$124$66$34$21
48 years$385$217$117$61$31$19
49 years$373$208$110$56$28$17
50 years$361$198$103$52$25$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $370,000, adding $3,805 every year, while hoping to spend $20,532 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: 51/29/20 Blend
52$370,000$370,000$370,000$370,000
53$411,665$392,055$386,320$430,197
54$431,809$389,420$377,416$440,756
55$453,319$385,967$367,525$449,800
56$476,314$381,636$356,593$459,198
57$500,922$376,360$344,563$468,990
58$527,285$370,070$331,375$479,222
59$555,557$362,693$316,965$489,947
60$585,910$354,151$301,270$501,221
61$618,530$344,362$284,220$513,113
62$653,623$333,238$265,743$525,694
63$691,413$320,687$245,766$539,050
64$732,147$306,611$224,210$553,272
65$776,098$290,907$200,993$568,466
66$823,565$273,466$176,030$584,748
67$874,874$254,172$149,233$602,249
68$930,388$232,902$120,509$621,116
69$990,501$209,528$89,759$641,512
70$1,055,650$183,913$56,884$663,619
71$1,126,314$155,912$21,778$687,642
72$1,203,019$125,374$0$713,806
73$1,286,347$92,136$0$745,713
74$1,376,933$56,030$0$785,474
75$1,475,479$16,874$0$828,777
76$1,582,757$0$0$875,996
77$1,699,616$0$0$935,692
78$1,826,990$0$0$1,006,664
79$1,965,908$0$0$1,084,104
80$2,117,501$0$0$1,168,648
81$2,283,015$0$0$1,260,995
82$2,463,822$0$0$1,361,916
83$2,661,432$0$0$1,472,258
84$2,877,506$0$0$1,592,955
85$3,113,875$0$0$1,725,035
86$3,372,553$0$0$1,869,629
87$3,655,761$0$0$2,027,984
88$3,965,940$0$0$2,201,473
89$4,305,783$0$0$2,391,606
90$4,678,252$0$0$2,600,049
91$5,086,611$0$0$2,828,634
92$5,534,454$0$0$3,079,382
93$6,025,742$0$0$3,354,516
94$6,564,834$0$0$3,656,486
95$7,156,535$0$0$3,987,991
96$7,806,134$0$0$4,352,004
97$8,519,461$0$0$4,751,800
98$9,302,937$0$0$5,190,985
99$10,163,633$0$0$5,673,534
100$11,109,342$0$0$6,203,824