Can I retire at age 53 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$32,371$32,083$31,801$31,527$31,259$30,102
2 years$16,025$15,727$15,438$15,157$14,885$13,733
3 years$10,577$10,278$9,989$9,711$9,444$8,332
4 years$7,854$7,555$7,270$6,996$6,735$5,673
5 years$6,220$5,923$5,641$5,374$5,120$4,109
6 years$5,132$4,837$4,559$4,298$4,051$3,093
7 years$4,354$4,062$3,789$3,533$3,295$2,389
8 years$3,772$3,482$3,213$2,964$2,733$1,879
9 years$3,319$3,032$2,767$2,525$2,302$1,498
10 years$2,956$2,672$2,413$2,176$1,961$1,206
11 years$2,660$2,379$2,124$1,894$1,687$979
12 years$2,414$2,135$1,885$1,661$1,462$800
13 years$2,205$1,930$1,684$1,467$1,275$656
14 years$2,026$1,754$1,513$1,302$1,117$541
15 years$1,872$1,602$1,366$1,161$984$447
16 years$1,737$1,470$1,239$1,040$870$370
17 years$1,618$1,354$1,127$934$771$307
18 years$1,512$1,251$1,029$842$686$256
19 years$1,417$1,159$942$761$611$213
20 years$1,332$1,077$865$689$546$178
21 years$1,256$1,004$795$625$488$148
22 years$1,186$937$733$568$438$124
23 years$1,122$876$677$518$393$104
24 years$1,064$821$626$472$353$87
25 years$1,011$770$580$431$318$73
26 years$961$724$538$394$286$61
27 years$916$681$499$361$258$51
28 years$874$642$464$331$233$43
29 years$834$606$432$303$210$36
30 years$798$572$402$278$190$30
31 years$764$541$375$256$172$25
32 years$732$512$350$235$155$21
33 years$702$485$327$216$141$18
34 years$674$459$305$199$127$15
35 years$647$436$285$183$115$12
36 years$623$413$267$169$104$10
37 years$599$393$250$155$95$9
38 years$577$373$234$143$86$7
39 years$556$355$219$132$78$6
40 years$536$338$205$122$71$5
41 years$517$321$193$112$64$4
42 years$499$306$181$104$58$4
43 years$482$292$170$96$53$3
44 years$466$278$159$88$48$3
45 years$450$265$149$82$43$2
46 years$436$253$140$75$39$2
47 years$421$241$132$70$36$2
48 years$408$230$124$64$33$1
49 years$395$220$117$59$30$1
50 years$383$210$110$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $392,000, adding $2,104 every year, while hoping to spend $21,301 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: 76/15/9 Blend
52$392,000$392,000$392,000$392,000
53$434,154$413,378$407,302$466,352
54$455,774$410,970$398,283$485,424
55$478,885$407,729$388,247$503,399
56$503,617$403,594$377,139$522,493
57$530,112$398,496$364,899$542,809
58$558,525$392,364$351,466$564,461
59$589,029$385,124$336,774$587,574
60$621,811$376,696$320,757$612,286
61$657,076$366,995$303,343$638,751
62$695,051$355,931$284,458$667,137
63$735,985$343,410$264,026$697,630
64$780,151$329,332$241,966$730,435
65$827,847$313,591$218,193$765,779
66$879,405$296,074$192,620$803,913
67$935,186$276,663$165,154$845,112
68$995,587$255,232$135,699$889,682
69$1,061,048$231,650$104,156$937,959
70$1,132,049$205,775$70,419$990,314
71$1,209,119$177,459$34,380$1,047,157
72$1,292,841$146,546$0$1,108,941
73$1,383,855$112,871$0$1,176,557
74$1,482,866$76,259$0$1,253,713
75$1,590,648$36,525$0$1,337,724
76$1,708,054$0$0$1,429,273
77$1,836,024$0$0$1,530,192
78$1,975,589$0$0$1,646,844
79$2,127,888$0$0$1,774,153
80$2,294,170$0$0$1,913,166
81$2,475,815$0$0$2,065,037
82$2,674,338$0$0$2,231,036
83$2,891,408$0$0$2,412,560
84$3,128,865$0$0$2,611,150
85$3,388,733$0$0$2,828,500
86$3,673,240$0$0$3,066,477
87$3,984,840$0$0$3,327,136
88$4,326,237$0$0$3,612,740
89$4,700,407$0$0$3,925,782
90$5,110,629$0$0$4,269,007
91$5,560,513$0$0$4,645,439
92$6,054,035$0$0$5,058,409
93$6,595,578$0$0$5,511,585
94$7,189,964$0$0$6,009,006
95$7,842,510$0$0$6,555,125
96$8,559,069$0$0$7,154,844
97$9,346,090$0$0$7,813,564
98$10,210,679$0$0$8,537,234
99$11,160,661$0$0$9,332,409
100$12,204,659$0$0$10,206,310