Can I retire at age 53 with 496,000?

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 $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%11.3%
1 years$40,959$40,594$40,238$39,891$39,552$39,335
2 years$20,277$19,899$19,533$19,178$18,834$18,616
3 years$13,384$13,004$12,639$12,288$11,949$11,736
4 years$9,938$9,560$9,198$8,853$8,522$8,315
5 years$7,871$7,495$7,138$6,800$6,478$6,279
6 years$6,493$6,120$5,769$5,438$5,126$4,934
7 years$5,510$5,140$4,794$4,471$4,169$3,984
8 years$4,772$4,406$4,066$3,750$3,459$3,281
9 years$4,199$3,836$3,502$3,194$2,913$2,742
10 years$3,741$3,381$3,053$2,754$2,482$2,319
11 years$3,366$3,010$2,688$2,397$2,134$1,978
12 years$3,054$2,702$2,385$2,102$1,850$1,701
13 years$2,790$2,441$2,131$1,856$1,613$1,471
14 years$2,564$2,219$1,915$1,647$1,414$1,279
15 years$2,368$2,027$1,729$1,469$1,245$1,116
16 years$2,197$1,860$1,567$1,315$1,100$978
17 years$2,047$1,713$1,426$1,182$976$859
18 years$1,913$1,583$1,302$1,065$867$757
19 years$1,793$1,467$1,192$962$773$669
20 years$1,686$1,363$1,094$872$691$592
21 years$1,589$1,270$1,006$791$618$525
22 years$1,500$1,185$927$719$554$466
23 years$1,420$1,109$856$655$497$414
24 years$1,346$1,039$792$597$447$369
25 years$1,279$975$733$546$402$328
26 years$1,216$916$680$499$362$293
27 years$1,159$862$632$457$327$261
28 years$1,105$812$587$418$295$233
29 years$1,056$766$546$384$266$209
30 years$1,010$724$509$352$240$187
31 years$966$684$475$323$217$167
32 years$926$647$443$297$197$149
33 years$888$613$413$273$178$134
34 years$853$581$386$251$161$120
35 years$819$551$361$231$146$107
36 years$788$523$338$213$132$96
37 years$758$497$316$196$120$86
38 years$730$472$296$181$109$77
39 years$703$449$277$167$99$69
40 years$678$427$260$154$89$62
41 years$654$407$244$142$81$56
42 years$631$387$229$131$74$50
43 years$610$369$215$121$67$45
44 years$589$352$201$112$61$40
45 years$570$335$189$103$55$36
46 years$551$320$178$95$50$33
47 years$533$305$167$88$45$29
48 years$516$291$157$81$41$26
49 years$500$278$147$75$37$24
50 years$484$266$139$70$34$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $496,000, adding $4,736 every year, while hoping to spend $34,285 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: 72/21/7 Blend
52$496,000$496,000$496,000$496,000
53$551,477$525,189$517,501$590,276
54$571,249$514,444$498,358$605,772
55$591,888$502,024$477,425$617,997
56$613,447$487,810$454,606$630,423
57$635,983$471,677$429,799$643,060
58$659,556$453,492$402,900$655,921
59$684,233$433,115$373,800$669,018
60$710,085$410,398$342,382$682,368
61$737,190$385,183$308,528$695,990
62$765,632$357,306$272,112$709,904
63$795,502$326,589$233,004$724,135
64$826,900$292,849$191,066$738,711
65$859,933$255,888$146,156$753,665
66$894,720$215,500$98,126$769,034
67$931,387$171,466$46,819$784,859
68$970,076$123,555$0$801,188
69$1,010,936$71,522$0$818,670
70$1,054,134$15,109$0$840,543
71$1,099,852$0$0$863,391
72$1,148,285$0$0$897,927
73$1,199,651$0$0$938,268
74$1,254,185$0$0$981,109
75$1,312,144$0$0$1,026,655
76$1,373,811$0$0$1,075,129
77$1,439,495$0$0$1,126,775
78$1,509,533$0$0$1,181,862
79$1,584,297$0$0$1,240,683
80$1,664,191$0$0$1,303,559
81$1,749,661$0$0$1,370,843
82$1,841,195$0$0$1,442,921
83$1,939,326$0$0$1,520,216
84$2,044,642$0$0$1,603,195
85$2,157,786$0$0$1,692,366
86$2,279,466$0$0$1,788,291
87$2,410,458$0$0$1,891,585
88$2,551,612$0$0$2,002,922
89$2,703,866$0$0$2,123,045
90$2,868,248$0$0$2,252,769
91$3,045,887$0$0$2,392,990
92$3,238,025$0$0$2,544,692
93$3,446,027$0$0$2,708,958
94$3,671,394$0$0$2,886,978
95$3,915,775$0$0$3,080,059
96$4,180,984$0$0$3,289,640
97$4,469,018$0$0$3,517,304
98$4,782,071$0$0$3,764,792
99$5,122,557$0$0$4,034,019
100$5,493,134$0$0$4,327,091