Can I retire at age 53 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$31,297$31,019$30,747$30,481$30,222$29,783
2 years$15,494$15,205$14,926$14,654$14,391$13,950
3 years$10,227$9,937$9,658$9,389$9,131$8,700
4 years$7,594$7,305$7,028$6,764$6,512$6,096
5 years$6,014$5,727$5,454$5,196$4,950$4,551
6 years$4,961$4,676$4,408$4,155$3,917$3,534
7 years$4,210$3,927$3,663$3,416$3,186$2,819
8 years$3,646$3,366$3,107$2,866$2,643$2,292
9 years$3,208$2,931$2,676$2,441$2,226$1,891
10 years$2,858$2,584$2,333$2,104$1,896$1,578
11 years$2,572$2,300$2,054$1,831$1,631$1,328
12 years$2,334$2,064$1,823$1,606$1,413$1,126
13 years$2,132$1,866$1,628$1,418$1,232$960
14 years$1,959$1,696$1,463$1,259$1,080$823
15 years$1,810$1,549$1,321$1,123$951$708
16 years$1,679$1,421$1,198$1,005$841$611
17 years$1,564$1,309$1,090$903$745$528
18 years$1,462$1,210$995$814$663$458
19 years$1,370$1,121$911$735$591$398
20 years$1,288$1,042$836$666$528$347
21 years$1,214$970$769$605$472$303
22 years$1,146$906$709$550$423$264
23 years$1,085$847$654$501$380$231
24 years$1,029$794$605$457$342$202
25 years$977$745$560$417$307$177
26 years$930$700$520$381$277$155
27 years$886$659$483$349$250$136
28 years$845$621$449$320$225$119
29 years$807$586$418$293$203$105
30 years$771$553$389$269$184$92
31 years$739$523$363$247$166$81
32 years$708$495$338$227$150$71
33 years$679$468$316$209$136$63
34 years$652$444$295$192$123$55
35 years$626$421$276$177$112$48
36 years$602$400$258$163$101$43
37 years$579$380$242$150$92$37
38 years$558$361$226$138$83$33
39 years$537$343$212$128$75$29
40 years$518$326$199$118$68$26
41 years$500$311$186$109$62$22
42 years$483$296$175$100$56$20
43 years$466$282$164$92$51$17
44 years$450$269$154$85$46$15
45 years$435$256$145$79$42$14
46 years$421$244$136$73$38$12
47 years$407$233$128$67$35$10
48 years$394$223$120$62$31$9
49 years$382$213$113$57$29$8
50 years$370$203$106$53$26$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $379,000, adding $2,636 every year, while hoping to spend $20,793 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: 68/13/19 Blend
52$379,000$379,000$379,000$379,000
53$420,377$400,290$394,416$446,827
54$441,132$397,781$385,505$462,328
55$463,307$394,451$375,599$476,603
56$487,025$390,240$364,642$491,709
57$512,421$385,081$352,577$507,728
58$539,642$378,904$339,342$524,748
59$568,851$371,636$324,876$542,869
60$600,225$363,198$309,111$562,200
61$633,960$353,507$291,978$582,863
62$670,270$342,475$273,406$604,992
63$709,391$330,009$253,318$628,737
64$751,581$316,012$231,636$654,261
65$797,124$300,378$208,277$681,748
66$846,332$282,998$183,156$711,400
67$899,548$263,755$156,182$743,440
68$957,149$242,526$127,261$778,116
69$1,019,550$219,182$96,296$815,701
70$1,087,206$193,583$63,184$856,498
71$1,160,618$165,586$27,818$900,841
72$1,240,337$135,036$0$949,101
73$1,326,970$101,772$0$1,003,700
74$1,421,184$65,621$0$1,069,226
75$1,523,711$26,403$0$1,140,560
76$1,635,359$0$0$1,218,279
77$1,757,017$0$0$1,305,322
78$1,889,661$0$0$1,404,364
79$2,034,369$0$0$1,512,434
80$2,192,323$0$0$1,630,419
81$2,364,827$0$0$1,759,296
82$2,553,318$0$0$1,900,140
83$2,759,373$0$0$2,054,133
84$2,984,733$0$0$2,222,579
85$3,231,312$0$0$2,406,914
86$3,501,221$0$0$2,608,715
87$3,796,779$0$0$2,829,724
88$4,120,545$0$0$3,071,855
89$4,475,335$0$0$3,337,219
90$4,864,250$0$0$3,628,139
91$5,290,707$0$0$3,947,175
92$5,758,466$0$0$4,297,145
93$6,271,672$0$0$4,681,153
94$6,834,888$0$0$5,102,620
95$7,453,144$0$0$5,565,312
96$8,131,976$0$0$6,073,378
97$8,877,485$0$0$6,631,391
98$9,696,392$0$0$7,244,384
99$10,596,099$0$0$7,917,905
100$11,584,763$0$0$8,658,065