Can I retire at age 53 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$40,959$40,594$40,238$39,891$39,552$39,369
2 years$20,277$19,899$19,533$19,178$18,834$18,649
3 years$13,384$13,004$12,639$12,288$11,949$11,768
4 years$9,938$9,560$9,198$8,853$8,522$8,347
5 years$7,871$7,495$7,138$6,800$6,478$6,309
6 years$6,493$6,120$5,769$5,438$5,126$4,963
7 years$5,510$5,140$4,794$4,471$4,169$4,012
8 years$4,772$4,406$4,066$3,750$3,459$3,308
9 years$4,199$3,836$3,502$3,194$2,913$2,768
10 years$3,741$3,381$3,053$2,754$2,482$2,343
11 years$3,366$3,010$2,688$2,397$2,134$2,002
12 years$3,054$2,702$2,385$2,102$1,850$1,723
13 years$2,790$2,441$2,131$1,856$1,613$1,492
14 years$2,564$2,219$1,915$1,647$1,414$1,299
15 years$2,368$2,027$1,729$1,469$1,245$1,135
16 years$2,197$1,860$1,567$1,315$1,100$996
17 years$2,047$1,713$1,426$1,182$976$876
18 years$1,913$1,583$1,302$1,065$867$773
19 years$1,793$1,467$1,192$962$773$684
20 years$1,686$1,363$1,094$872$691$606
21 years$1,589$1,270$1,006$791$618$538
22 years$1,500$1,185$927$719$554$479
23 years$1,420$1,109$856$655$497$426
24 years$1,346$1,039$792$597$447$380
25 years$1,279$975$733$546$402$339
26 years$1,216$916$680$499$362$303
27 years$1,159$862$632$457$327$271
28 years$1,105$812$587$418$295$242
29 years$1,056$766$546$384$266$217
30 years$1,010$724$509$352$240$194
31 years$966$684$475$323$217$174
32 years$926$647$443$297$197$156
33 years$888$613$413$273$178$140
34 years$853$581$386$251$161$125
35 years$819$551$361$231$146$113
36 years$788$523$338$213$132$101
37 years$758$497$316$196$120$91
38 years$730$472$296$181$109$82
39 years$703$449$277$167$99$73
40 years$678$427$260$154$89$66
41 years$654$407$244$142$81$59
42 years$631$387$229$131$74$53
43 years$610$369$215$121$67$48
44 years$589$352$201$112$61$43
45 years$570$335$189$103$55$39
46 years$551$320$178$95$50$35
47 years$533$305$167$88$45$31
48 years$516$291$157$81$41$28
49 years$500$278$147$75$37$25
50 years$484$266$139$70$34$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $496,000, adding $4,257 every year, while hoping to spend $21,022 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: 37/48/15 Blend
52$496,000$496,000$496,000$496,000
53$550,983$524,695$517,007$568,710
54$584,816$528,038$511,960$585,180
55$621,396$530,840$506,038$600,634
56$660,979$533,053$499,192$616,875
57$703,851$534,624$491,367$633,983
58$750,322$535,499$482,506$652,050
59$800,736$535,619$472,551$671,176
60$855,469$534,923$461,440$691,474
61$914,937$533,343$449,107$713,070
62$979,594$530,811$435,486$736,105
63$1,049,944$527,252$420,506$760,735
64$1,126,538$522,587$404,093$787,134
65$1,209,983$516,733$386,169$815,495
66$1,300,950$509,601$366,653$846,035
67$1,400,172$501,097$345,462$878,992
68$1,508,461$491,121$322,506$914,635
69$1,626,707$479,570$297,693$953,258
70$1,755,893$466,330$270,928$995,190
71$1,897,099$451,285$242,108$1,040,799
72$2,051,513$434,309$211,129$1,090,488
73$2,220,447$415,269$177,882$1,144,710
74$2,405,342$394,026$142,250$1,203,963
75$2,607,786$370,433$104,114$1,268,803
76$2,829,528$344,332$63,350$1,339,844
77$3,072,493$315,558$19,826$1,417,767
78$3,338,803$283,936$0$1,503,329
79$3,630,794$249,282$0$1,601,628
80$3,951,038$211,399$0$1,712,994
81$4,302,369$170,083$0$1,835,302
82$4,687,907$125,114$0$1,969,715
83$5,111,092$76,263$0$2,117,517
84$5,575,709$23,286$0$2,280,132
85$6,085,931$0$0$2,459,130
86$6,646,353$0$0$2,674,245
87$7,262,037$0$0$2,924,159
88$7,938,561$0$0$3,198,843
89$8,682,067$0$0$3,500,802
90$9,499,324$0$0$3,832,795
91$10,397,790$0$0$4,197,861
92$11,385,680$0$0$4,599,349
93$12,472,045$0$0$5,040,947
94$13,666,858$0$0$5,526,721
95$14,981,105$0$0$6,061,150
96$16,426,893$0$0$6,649,167
97$18,017,559$0$0$7,296,210
98$19,767,799$0$0$8,008,270
99$21,693,807$0$0$8,791,947
100$23,813,422$0$0$9,654,514