Can I retire at age 53 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$40,629$40,267$39,914$39,569$39,233$38,099
2 years$20,113$19,739$19,376$19,024$18,682$17,549
3 years$13,276$12,899$12,537$12,189$11,853$10,756
4 years$9,858$9,482$9,124$8,781$8,454$7,401
5 years$7,807$7,434$7,081$6,745$6,426$5,421
6 years$6,441$6,071$5,722$5,394$5,085$4,128
7 years$5,465$5,098$4,755$4,435$4,135$3,226
8 years$4,734$4,370$4,033$3,720$3,431$2,569
9 years$4,165$3,805$3,473$3,169$2,889$2,075
10 years$3,710$3,354$3,028$2,731$2,462$1,693
11 years$3,339$2,986$2,666$2,377$2,117$1,393
12 years$3,029$2,680$2,366$2,085$1,835$1,154
13 years$2,768$2,422$2,114$1,841$1,600$960
14 years$2,543$2,201$1,899$1,634$1,402$803
15 years$2,349$2,011$1,715$1,457$1,235$673
16 years$2,180$1,845$1,555$1,305$1,091$567
17 years$2,030$1,699$1,415$1,172$968$478
18 years$1,897$1,570$1,291$1,057$860$404
19 years$1,779$1,455$1,182$955$767$342
20 years$1,672$1,352$1,085$865$685$290
21 years$1,576$1,260$998$785$613$246
22 years$1,488$1,176$920$714$549$209
23 years$1,409$1,100$849$650$493$177
24 years$1,336$1,030$785$593$443$151
25 years$1,268$967$727$541$399$128
26 years$1,207$909$675$495$359$109
27 years$1,150$855$627$453$324$93
28 years$1,097$806$582$415$292$79
29 years$1,047$760$542$381$264$68
30 years$1,001$718$505$349$239$58
31 years$959$679$471$321$216$49
32 years$919$642$439$295$195$42
33 years$881$608$410$271$177$36
34 years$846$576$383$249$160$31
35 years$813$547$358$230$145$26
36 years$781$519$335$211$131$22
37 years$752$493$314$195$119$19
38 years$724$468$294$180$108$16
39 years$698$445$275$166$98$14
40 years$673$424$258$153$89$12
41 years$649$403$242$141$80$10
42 years$626$384$227$130$73$9
43 years$605$366$213$120$66$7
44 years$585$349$200$111$60$6
45 years$565$333$188$102$55$5
46 years$547$317$176$95$50$5
47 years$529$303$166$87$45$4
48 years$512$289$156$81$41$3
49 years$496$276$146$75$37$3
50 years$480$264$137$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $492,000, adding $5,241 every year, while hoping to spend $37,943 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: 79/8/13 Blend
52$492,000$492,000$492,000$492,000
53$547,590$521,514$513,888$589,050
54$563,073$506,697$490,732$602,242
55$578,864$489,883$465,529$611,305
56$594,954$470,932$438,170$620,162
57$611,331$449,701$408,541$628,778
58$627,984$426,033$376,524$637,112
59$644,895$399,765$341,994$645,119
60$662,047$370,726$304,823$652,751
61$679,416$338,732$264,875$659,956
62$696,976$303,590$222,009$666,676
63$714,699$265,096$176,077$672,848
64$732,547$223,035$126,925$678,403
65$750,482$177,179$74,392$683,264
66$768,458$127,288$18,310$687,351
67$786,422$73,106$0$690,572
68$804,315$14,367$0$698,591
69$822,071$0$0$708,623
70$839,612$0$0$722,368
71$856,854$0$0$737,108
72$873,700$0$0$751,495
73$890,042$0$0$765,434
74$905,758$0$0$778,820
75$920,713$0$0$791,533
76$934,754$0$0$803,441
77$947,711$0$0$814,396
78$959,395$0$0$824,231
79$969,593$0$0$832,763
80$978,070$0$0$839,786
81$984,564$0$0$845,071
82$988,782$0$0$848,363
83$990,400$0$0$849,379
84$989,057$0$0$847,805
85$984,352$0$0$843,292
86$975,842$0$0$835,452
87$963,032$0$0$823,857
88$945,377$0$0$808,029
89$922,271$0$0$787,441
90$893,043$0$0$761,508
91$856,950$0$0$729,583
92$813,168$0$0$690,950
93$760,789$0$0$644,814
94$698,804$0$0$590,300
95$626,100$0$0$526,436
96$541,445$0$0$452,150
97$443,476$0$0$366,255
98$330,689$0$0$267,440
99$201,421$0$0$154,257
100$53,832$0$0$25,105