Can I retire at age 53 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$40,464$40,103$39,752$39,408$39,073$38,036
2 years$20,032$19,658$19,297$18,946$18,606$17,569
3 years$13,222$12,847$12,486$12,139$11,805$10,799
4 years$9,817$9,444$9,087$8,746$8,419$7,453
5 years$7,775$7,404$7,052$6,717$6,400$5,476
6 years$6,415$6,046$5,699$5,372$5,064$4,184
7 years$5,443$5,077$4,736$4,417$4,119$3,281
8 years$4,714$4,352$4,016$3,705$3,417$2,622
9 years$4,148$3,789$3,459$3,156$2,877$2,125
10 years$3,695$3,340$3,016$2,720$2,452$1,741
11 years$3,325$2,974$2,655$2,368$2,109$1,438
12 years$3,017$2,669$2,356$2,077$1,827$1,195
13 years$2,756$2,412$2,105$1,833$1,593$999
14 years$2,533$2,192$1,892$1,627$1,397$839
15 years$2,340$2,003$1,708$1,451$1,230$707
16 years$2,171$1,838$1,548$1,300$1,087$597
17 years$2,022$1,692$1,409$1,168$964$506
18 years$1,890$1,564$1,286$1,052$857$429
19 years$1,772$1,449$1,177$951$764$365
20 years$1,665$1,347$1,081$861$682$311
21 years$1,569$1,254$994$782$610$265
22 years$1,482$1,171$916$711$547$226
23 years$1,403$1,095$846$647$491$193
24 years$1,330$1,026$782$590$442$165
25 years$1,263$963$725$539$397$141
26 years$1,202$905$672$493$358$121
27 years$1,145$852$624$451$323$103
28 years$1,092$803$580$413$291$88
29 years$1,043$757$540$379$263$76
30 years$997$715$503$348$238$65
31 years$955$676$469$319$215$56
32 years$915$640$437$294$194$48
33 years$878$606$408$270$176$41
34 years$842$574$382$248$159$35
35 years$809$544$357$229$144$30
36 years$778$517$334$211$131$26
37 years$749$491$312$194$118$22
38 years$721$466$292$179$107$19
39 years$695$444$274$165$97$16
40 years$670$422$257$152$88$14
41 years$646$402$241$140$80$12
42 years$624$383$226$130$73$10
43 years$603$365$212$120$66$9
44 years$582$347$199$110$60$8
45 years$563$331$187$102$54$7
46 years$544$316$175$94$49$6
47 years$527$302$165$87$45$5
48 years$510$288$155$80$41$4
49 years$494$275$146$74$37$4
50 years$478$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $490,000, adding $3,646 every year, while hoping to spend $38,449 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: 65/25/10 Blend
52$490,000$490,000$490,000$490,000
53$543,741$517,771$510,176$577,686
54$558,293$502,232$486,357$585,231
55$573,041$484,643$460,452$588,611
56$587,964$464,864$432,350$591,317
57$603,037$442,744$401,935$593,282
58$618,235$418,125$369,087$594,433
59$633,523$390,842$333,680$594,689
60$648,866$360,717$295,582$593,965
61$664,222$327,563$254,656$592,167
62$679,542$291,184$210,757$589,195
63$694,775$251,371$163,736$584,940
64$709,857$207,903$113,436$579,285
65$724,720$160,548$59,694$572,103
66$739,287$109,061$2,340$563,255
67$753,470$53,180$0$552,594
68$767,171$0$0$546,238
69$780,280$0$0$540,434
70$792,675$0$0$548,730
71$804,217$0$0$556,397
72$814,753$0$0$563,325
73$824,112$0$0$569,390
74$832,102$0$0$574,454
75$838,511$0$0$578,365
76$843,103$0$0$580,953
77$845,613$0$0$582,027
78$845,749$0$0$581,379
79$843,186$0$0$578,774
80$837,564$0$0$573,953
81$828,483$0$0$566,629
82$815,497$0$0$556,483
83$798,117$0$0$543,162
84$775,796$0$0$526,275
85$747,930$0$0$505,388
86$713,852$0$0$480,021
87$672,822$0$0$449,645
88$624,020$0$0$413,671
89$566,541$0$0$371,449
90$499,385$0$0$322,263
91$421,442$0$0$265,316
92$331,489$0$0$199,731
93$228,174$0$0$124,538
94$110,001$0$0$38,665
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0