Can I retire at age 53 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$40,794$40,431$40,076$39,730$39,392$38,868
2 years$20,195$19,819$19,454$19,101$18,758$18,231
3 years$13,330$12,952$12,588$12,238$11,901$11,387
4 years$9,898$9,521$9,161$8,817$8,488$7,991
5 years$7,839$7,465$7,109$6,772$6,452$5,974
6 years$6,467$6,095$5,745$5,416$5,106$4,647
7 years$5,487$5,119$4,774$4,453$4,152$3,713
8 years$4,753$4,388$4,049$3,735$3,445$3,025
9 years$4,182$3,820$3,488$3,182$2,901$2,500
10 years$3,726$3,368$3,040$2,743$2,472$2,090
11 years$3,352$2,998$2,677$2,387$2,126$1,762
12 years$3,042$2,691$2,376$2,094$1,842$1,497
13 years$2,779$2,432$2,122$1,848$1,606$1,279
14 years$2,554$2,210$1,907$1,641$1,408$1,098
15 years$2,359$2,019$1,722$1,463$1,240$946
16 years$2,189$1,853$1,561$1,310$1,096$818
17 years$2,038$1,706$1,420$1,177$972$710
18 years$1,905$1,577$1,297$1,061$864$617
19 years$1,786$1,461$1,187$959$770$537
20 years$1,679$1,358$1,089$868$688$469
21 years$1,582$1,265$1,002$788$615$410
22 years$1,494$1,181$924$716$552$359
23 years$1,414$1,104$853$652$495$314
24 years$1,341$1,034$789$595$445$276
25 years$1,274$971$730$543$401$242
26 years$1,212$912$677$497$361$213
27 years$1,154$859$629$455$325$187
28 years$1,101$809$585$417$294$165
29 years$1,052$763$544$382$265$145
30 years$1,006$721$507$351$239$127
31 years$963$681$473$322$217$112
32 years$922$645$441$296$196$99
33 years$885$611$412$272$177$87
34 years$849$579$385$250$160$77
35 years$816$549$360$231$145$68
36 years$785$521$336$212$132$60
37 years$755$495$315$196$119$53
38 years$727$470$295$180$108$47
39 years$700$447$276$166$98$41
40 years$675$425$259$153$89$36
41 years$652$405$243$141$81$32
42 years$629$386$228$131$73$28
43 years$607$368$214$121$66$25
44 years$587$350$201$111$60$22
45 years$567$334$188$103$55$19
46 years$549$319$177$95$50$17
47 years$531$304$166$88$45$15
48 years$514$290$156$81$41$13
49 years$498$277$147$75$37$12
50 years$482$265$138$69$34$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $494,000, adding $2,476 every year, while hoping to spend $34,469 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: 64/17/19 Blend
52$494,000$494,000$494,000$494,000
53$546,942$520,760$513,103$579,166
54$566,055$509,602$493,617$589,967
55$585,963$496,743$472,323$597,625
56$606,710$482,062$449,125$605,179
57$628,343$465,432$423,919$612,620
58$650,915$446,719$396,602$619,940
59$674,482$425,782$367,062$627,132
60$699,104$402,470$335,183$634,187
61$724,845$376,624$300,844$641,102
62$751,777$348,076$263,920$647,869
63$779,975$316,648$224,278$654,486
64$809,522$282,154$181,781$660,951
65$840,508$244,394$136,285$667,263
66$873,029$203,158$87,640$673,424
67$907,191$158,226$35,689$679,438
68$943,109$109,364$0$685,312
69$980,907$56,324$0$695,061
70$1,020,721$0$0$712,677
71$1,062,699$0$0$731,187
72$1,107,000$0$0$761,856
73$1,153,802$0$0$794,269
74$1,203,295$0$0$828,562
75$1,255,688$0$0$864,880
76$1,311,210$0$0$903,385
77$1,370,109$0$0$944,252
78$1,432,658$0$0$987,672
79$1,499,155$0$0$1,033,854
80$1,569,926$0$0$1,083,029
81$1,645,329$0$0$1,135,446
82$1,725,753$0$0$1,191,381
83$1,811,628$0$0$1,251,136
84$1,903,423$0$0$1,315,040
85$2,001,651$0$0$1,383,455
86$2,106,877$0$0$1,456,778
87$2,219,719$0$0$1,535,445
88$2,340,857$0$0$1,619,933
89$2,471,034$0$0$1,710,767
90$2,611,069$0$0$1,808,523
91$2,761,859$0$0$1,913,832
92$2,924,390$0$0$2,027,389
93$3,099,745$0$0$2,149,957
94$3,289,114$0$0$2,282,374
95$3,493,804$0$0$2,425,561
96$3,715,253$0$0$2,580,530
97$3,955,039$0$0$2,748,394
98$4,214,899$0$0$2,930,376
99$4,496,744$0$0$3,127,823
100$4,802,672$0$0$3,342,213