Can I retire at age 53 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$41,042$40,676$40,320$39,971$39,631$38,815
2 years$20,318$19,939$19,573$19,217$18,872$18,054
3 years$13,411$13,031$12,665$12,313$11,973$11,178
4 years$9,958$9,579$9,217$8,870$8,539$7,773
5 years$7,887$7,510$7,153$6,813$6,492$5,757
6 years$6,506$6,132$5,780$5,449$5,137$4,434
7 years$5,521$5,150$4,803$4,480$4,177$3,507
8 years$4,782$4,415$4,074$3,758$3,466$2,828
9 years$4,207$3,844$3,509$3,201$2,918$2,312
10 years$3,748$3,388$3,059$2,759$2,487$1,912
11 years$3,373$3,016$2,693$2,401$2,139$1,594
12 years$3,060$2,707$2,390$2,106$1,853$1,338
13 years$2,796$2,446$2,135$1,860$1,616$1,130
14 years$2,569$2,224$1,919$1,651$1,417$958
15 years$2,373$2,031$1,732$1,472$1,247$816
16 years$2,202$1,864$1,571$1,318$1,102$697
17 years$2,051$1,716$1,429$1,184$977$596
18 years$1,917$1,586$1,305$1,067$869$512
19 years$1,797$1,470$1,194$964$775$440
20 years$1,689$1,366$1,096$873$692$379
21 years$1,592$1,272$1,008$793$619$327
22 years$1,503$1,188$929$721$555$282
23 years$1,423$1,111$858$656$498$244
24 years$1,349$1,041$793$599$448$211
25 years$1,281$977$735$547$403$182
26 years$1,219$918$682$500$363$158
27 years$1,161$864$633$458$327$137
28 years$1,108$814$588$419$295$119
29 years$1,058$768$548$384$267$103
30 years$1,012$725$510$353$241$89
31 years$968$686$475$324$218$77
32 years$928$649$444$298$197$67
33 years$890$614$414$274$178$58
34 years$854$582$387$252$161$51
35 years$821$552$362$232$146$44
36 years$789$524$338$214$132$38
37 years$760$498$317$197$120$33
38 years$731$473$297$181$109$29
39 years$705$450$278$167$99$25
40 years$679$428$261$154$90$22
41 years$656$407$244$142$81$19
42 years$633$388$229$131$74$16
43 years$611$370$215$121$67$14
44 years$591$352$202$112$61$12
45 years$571$336$190$103$55$11
46 years$552$321$178$96$50$9
47 years$534$306$167$88$45$8
48 years$517$292$157$82$41$7
49 years$501$279$148$75$37$6
50 years$485$266$139$70$34$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $497,000, adding $5,439 every year, while hoping to spend $38,643 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: 44/26/30 Blend
52$497,000$497,000$497,000$497,000
53$553,304$526,963$519,260$572,627
54$568,626$511,669$495,539$571,692
55$584,214$494,329$469,729$566,607
56$600,057$474,805$441,718$560,369
57$616,138$452,945$411,390$552,894
58$632,438$428,593$378,625$544,093
59$648,934$401,581$343,297$533,871
60$665,600$371,734$305,272$522,124
61$682,406$338,864$264,414$508,745
62$699,317$302,774$220,577$493,619
63$716,294$263,256$173,613$476,624
64$733,289$220,089$123,362$457,627
65$750,252$173,041$69,663$436,490
66$767,124$121,866$12,342$413,064
67$783,838$66,304$0$387,191
68$800,318$6,082$0$374,332
69$816,479$0$0$363,909
70$832,227$0$0$368,742
71$847,454$0$0$375,030
72$862,039$0$0$380,972
73$875,849$0$0$386,502
74$888,733$0$0$391,546
75$900,522$0$0$396,022
76$911,030$0$0$399,838
77$920,047$0$0$402,890
78$927,342$0$0$405,065
79$932,653$0$0$406,236
80$935,695$0$0$406,263
81$936,145$0$0$404,987
82$933,650$0$0$402,235
83$927,813$0$0$397,816
84$918,198$0$0$391,513
85$904,318$0$0$383,091
86$885,634$0$0$372,287
87$861,551$0$0$358,810
88$831,407$0$0$342,337
89$794,471$0$0$322,512
90$749,932$0$0$298,941
91$696,895$0$0$271,187
92$634,368$0$0$238,767
93$561,255$0$0$201,148
94$476,342$0$0$157,739
95$378,291$0$0$107,889
96$265,619$0$0$50,877
97$136,690$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0