Can I retire at age 53 with 495,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$40,877$40,513$40,157$39,811$39,472$38,056
2 years$20,236$19,859$19,494$19,140$18,796$17,385
3 years$13,357$12,978$12,614$12,263$11,925$10,563
4 years$9,918$9,540$9,180$8,835$8,505$7,203
5 years$7,855$7,480$7,124$6,786$6,465$5,226
6 years$6,480$6,108$5,757$5,427$5,116$3,940
7 years$5,498$5,129$4,784$4,462$4,161$3,048
8 years$4,763$4,397$4,057$3,743$3,452$2,402
9 years$4,190$3,828$3,495$3,188$2,907$1,918
10 years$3,733$3,374$3,047$2,748$2,477$1,548
11 years$3,359$3,004$2,682$2,392$2,130$1,259
12 years$3,048$2,696$2,380$2,098$1,846$1,030
13 years$2,784$2,437$2,127$1,852$1,610$847
14 years$2,559$2,215$1,911$1,644$1,411$699
15 years$2,364$2,023$1,725$1,466$1,242$579
16 years$2,193$1,856$1,564$1,313$1,098$481
17 years$2,043$1,710$1,423$1,180$974$400
18 years$1,909$1,580$1,299$1,063$866$334
19 years$1,790$1,464$1,189$961$772$279
20 years$1,682$1,360$1,092$870$689$233
21 years$1,585$1,267$1,004$790$617$195
22 years$1,497$1,183$925$718$553$163
23 years$1,417$1,106$854$654$496$137
24 years$1,344$1,037$790$596$446$115
25 years$1,276$973$732$545$401$96
26 years$1,214$914$679$498$362$81
27 years$1,157$860$630$456$326$68
28 years$1,103$811$586$418$294$57
29 years$1,054$765$545$383$266$48
30 years$1,008$722$508$351$240$40
31 years$965$683$474$323$217$34
32 years$924$646$442$297$196$28
33 years$886$612$413$273$178$24
34 years$851$580$385$251$161$20
35 years$818$550$360$231$146$17
36 years$786$522$337$213$132$14
37 years$756$496$316$196$120$12
38 years$728$471$295$181$108$10
39 years$702$448$277$167$98$8
40 years$677$426$259$154$89$7
41 years$653$406$243$142$81$6
42 years$630$386$228$131$73$5
43 years$609$368$214$121$67$4
44 years$588$351$201$112$60$4
45 years$569$335$189$103$55$3
46 years$550$319$177$95$50$3
47 years$532$305$167$88$45$2
48 years$515$291$157$81$41$2
49 years$499$278$147$75$37$1
50 years$483$265$138$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $495,000, adding $2,758 every year, while hoping to spend $36,105 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: 48/32/20 Blend
52$495,000$495,000$495,000$495,000
53$548,335$522,100$514,427$571,435
54$565,850$509,267$493,245$574,957
55$583,941$494,596$470,143$574,913
56$602,629$477,957$445,020$574,109
57$621,936$459,216$417,766$572,489
58$641,884$438,228$388,272$569,994
59$662,497$414,842$356,420$566,561
60$683,799$388,897$322,088$562,124
61$705,817$360,223$285,148$556,614
62$728,577$328,641$245,467$549,956
63$752,107$293,960$202,906$542,075
64$776,438$255,980$157,319$532,887
65$801,601$214,489$108,556$522,308
66$827,628$169,263$56,456$510,246
67$854,555$120,065$856$496,607
68$882,416$66,645$0$481,290
69$911,252$8,740$0$476,670
70$941,102$0$0$471,162
71$972,009$0$0$483,496
72$1,004,019$0$0$499,462
73$1,037,178$0$0$516,006
74$1,071,539$0$0$533,154
75$1,107,154$0$0$550,933
76$1,144,081$0$0$569,373
77$1,182,381$0$0$588,504
78$1,222,117$0$0$608,360
79$1,263,360$0$0$628,976
80$1,306,182$0$0$650,389
81$1,350,661$0$0$672,640
82$1,396,881$0$0$695,772
83$1,444,932$0$0$719,831
84$1,494,910$0$0$744,866
85$1,546,917$0$0$770,930
86$1,601,064$0$0$798,081
87$1,657,469$0$0$826,379
88$1,716,261$0$0$855,891
89$1,777,575$0$0$886,688
90$1,841,561$0$0$918,846
91$1,908,377$0$0$952,449
92$1,978,197$0$0$987,585
93$2,051,205$0$0$1,024,351
94$2,127,605$0$0$1,062,853
95$2,207,613$0$0$1,103,203
96$2,291,466$0$0$1,145,525
97$2,379,421$0$0$1,189,953
98$2,471,755$0$0$1,236,631
99$2,568,770$0$0$1,285,717
100$2,670,796$0$0$1,337,383