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%11.9%
1 years$40,629$40,267$39,914$39,569$39,233$38,920
2 years$20,113$19,739$19,376$19,024$18,682$18,367
3 years$13,276$12,899$12,537$12,189$11,853$11,545
4 years$9,858$9,482$9,124$8,781$8,454$8,155
5 years$7,807$7,434$7,081$6,745$6,426$6,139
6 years$6,441$6,071$5,722$5,394$5,085$4,808
7 years$5,465$5,098$4,755$4,435$4,135$3,870
8 years$4,734$4,370$4,033$3,720$3,431$3,176
9 years$4,165$3,805$3,473$3,169$2,889$2,645
10 years$3,710$3,354$3,028$2,731$2,462$2,229
11 years$3,339$2,986$2,666$2,377$2,117$1,895
12 years$3,029$2,680$2,366$2,085$1,835$1,623
13 years$2,768$2,422$2,114$1,841$1,600$1,398
14 years$2,543$2,201$1,899$1,634$1,402$1,210
15 years$2,349$2,011$1,715$1,457$1,235$1,052
16 years$2,180$1,845$1,555$1,305$1,091$918
17 years$2,030$1,699$1,415$1,172$968$804
18 years$1,897$1,570$1,291$1,057$860$705
19 years$1,779$1,455$1,182$955$767$620
20 years$1,672$1,352$1,085$865$685$546
21 years$1,576$1,260$998$785$613$482
22 years$1,488$1,176$920$714$549$426
23 years$1,409$1,100$849$650$493$377
24 years$1,336$1,030$785$593$443$334
25 years$1,268$967$727$541$399$296
26 years$1,207$909$675$495$359$263
27 years$1,150$855$627$453$324$234
28 years$1,097$806$582$415$292$208
29 years$1,047$760$542$381$264$185
30 years$1,001$718$505$349$239$164
31 years$959$679$471$321$216$146
32 years$919$642$439$295$195$130
33 years$881$608$410$271$177$116
34 years$846$576$383$249$160$104
35 years$813$547$358$230$145$92
36 years$781$519$335$211$131$82
37 years$752$493$314$195$119$73
38 years$724$468$294$180$108$66
39 years$698$445$275$166$98$58
40 years$673$424$258$153$89$52
41 years$649$403$242$141$80$47
42 years$626$384$227$130$73$42
43 years$605$366$213$120$66$37
44 years$585$349$200$111$60$33
45 years$565$333$188$102$55$30
46 years$547$317$176$95$50$26
47 years$529$303$166$87$45$24
48 years$512$289$156$81$41$21
49 years$496$276$146$75$37$19
50 years$480$264$137$69$34$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $492,000, adding $2,796 every year, while hoping to spend $31,726 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: 36/35/29 Blend
52$492,000$492,000$492,000$492,000
53$545,068$518,992$511,366$559,868
54$566,909$510,666$494,741$562,823
55$589,914$500,870$476,495$562,952
56$614,169$489,496$456,541$562,487
57$639,766$476,433$434,788$561,399
58$666,808$461,564$411,138$559,653
59$695,404$444,762$385,493$557,219
60$725,675$425,895$357,747$554,065
61$757,753$404,823$327,790$550,157
62$791,781$381,397$295,509$545,465
63$827,918$355,461$260,784$539,957
64$866,335$326,848$223,489$533,605
65$907,221$295,383$183,496$526,378
66$950,781$260,881$140,667$518,250
67$997,242$223,145$94,860$509,197
68$1,046,850$181,969$45,928$499,195
69$1,099,877$137,134$0$488,226
70$1,156,620$88,408$0$478,221
71$1,217,404$35,549$0$482,516
72$1,282,586$0$0$486,930
73$1,352,559$0$0$499,877
74$1,427,752$0$0$528,551
75$1,508,637$0$0$559,447
76$1,595,733$0$0$592,770
77$1,689,610$0$0$628,743
78$1,790,892$0$0$667,614
79$1,900,266$0$0$709,655
80$2,018,487$0$0$755,163
81$2,146,386$0$0$804,466
82$2,284,874$0$0$857,925
83$2,434,953$0$0$915,936
84$2,597,727$0$0$978,934
85$2,774,407$0$0$1,047,401
86$2,966,328$0$0$1,121,862
87$3,174,956$0$0$1,202,898
88$3,401,905$0$0$1,291,148
89$3,648,951$0$0$1,387,315
90$3,918,047$0$0$1,492,171
91$4,211,343$0$0$1,606,568
92$4,531,205$0$0$1,731,443
93$4,880,239$0$0$1,867,827
94$5,261,309$0$0$2,016,855
95$5,677,572$0$0$2,179,777
96$6,132,501$0$0$2,357,969
97$6,629,922$0$0$2,552,946
98$7,174,044$0$0$2,766,376
99$7,769,505$0$0$3,000,096
100$8,421,410$0$0$3,256,130