Can I retire at age 53 with 498,000?

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 $498,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$41,124$40,758$40,401$40,052$39,711$39,102
2 years$20,359$19,979$19,612$19,256$18,910$18,297
3 years$13,438$13,057$12,690$12,337$11,997$11,401
4 years$9,978$9,598$9,235$8,888$8,557$7,981
5 years$7,902$7,525$7,167$6,827$6,505$5,951
6 years$6,519$6,145$5,792$5,460$5,147$4,616
7 years$5,532$5,160$4,813$4,489$4,186$3,678
8 years$4,791$4,423$4,082$3,765$3,473$2,988
9 years$4,216$3,851$3,516$3,207$2,924$2,462
10 years$3,756$3,395$3,065$2,765$2,492$2,052
11 years$3,380$3,022$2,698$2,406$2,143$1,725
12 years$3,066$2,713$2,395$2,111$1,857$1,460
13 years$2,801$2,451$2,140$1,863$1,619$1,244
14 years$2,574$2,228$1,922$1,654$1,420$1,064
15 years$2,378$2,036$1,736$1,475$1,250$914
16 years$2,206$1,868$1,574$1,321$1,105$788
17 years$2,055$1,720$1,432$1,187$979$681
18 years$1,921$1,589$1,307$1,069$871$590
19 years$1,800$1,473$1,197$966$776$512
20 years$1,693$1,369$1,098$875$693$445
21 years$1,595$1,275$1,010$794$620$388
22 years$1,506$1,190$931$722$556$338
23 years$1,426$1,113$860$658$499$295
24 years$1,352$1,043$795$600$449$258
25 years$1,284$979$736$548$404$225
26 years$1,221$920$683$501$364$197
27 years$1,164$866$634$459$328$173
28 years$1,110$816$590$420$296$151
29 years$1,060$770$549$385$267$133
30 years$1,014$727$511$354$241$116
31 years$970$687$476$325$218$102
32 years$930$650$445$298$197$89
33 years$892$616$415$274$179$79
34 years$856$583$388$252$162$69
35 years$823$553$363$232$147$61
36 years$791$525$339$214$133$53
37 years$761$499$317$197$120$47
38 years$733$474$297$182$109$41
39 years$706$451$279$168$99$36
40 years$681$429$261$155$90$32
41 years$657$408$245$143$81$28
42 years$634$389$230$132$74$24
43 years$612$370$215$122$67$22
44 years$592$353$202$112$61$19
45 years$572$337$190$104$55$17
46 years$553$321$178$96$50$15
47 years$535$307$168$88$46$13
48 years$518$293$157$82$41$11
49 years$502$279$148$76$38$10
50 years$486$267$139$70$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $498,000, adding $6,493 every year, while hoping to spend $38,389 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: 58/29/13 Blend
52$498,000$498,000$498,000$498,000
53$555,494$529,100$521,381$585,536
54$571,308$514,180$498,001$591,660
55$587,449$497,242$472,552$593,505
56$603,910$478,148$444,923$594,608
57$620,680$456,749$415,000$594,903
58$637,749$432,889$382,662$594,320
59$655,103$406,403$347,784$592,781
60$672,724$377,118$310,235$590,207
61$690,592$344,847$269,879$586,509
62$708,685$309,397$226,572$581,594
63$726,974$270,560$180,165$575,363
64$745,427$228,120$130,503$567,707
65$764,009$181,846$77,422$558,511
66$782,676$131,494$20,754$547,651
67$801,380$76,809$0$534,996
68$820,066$17,518$0$525,912
69$838,673$0$0$518,167
70$857,128$0$0$523,633
71$875,352$0$0$534,519
72$893,256$0$0$545,176
73$910,737$0$0$555,538
74$927,682$0$0$565,531
75$943,962$0$0$575,074
76$959,436$0$0$584,073
77$973,942$0$0$592,427
78$987,303$0$0$600,019
79$999,317$0$0$606,721
80$1,009,763$0$0$612,389
81$1,018,394$0$0$616,865
82$1,024,931$0$0$619,972
83$1,029,070$0$0$621,510
84$1,030,468$0$0$621,263
85$1,028,746$0$0$618,985
86$1,023,483$0$0$614,407
87$1,014,213$0$0$607,229
88$1,000,416$0$0$597,119
89$981,519$0$0$583,708
90$956,885$0$0$566,588
91$925,809$0$0$545,307
92$887,509$0$0$519,365
93$841,122$0$0$488,207
94$785,690$0$0$451,222
95$720,156$0$0$407,730
96$643,348$0$0$356,982
97$553,973$0$0$298,149
98$450,599$0$0$230,314
99$331,645$0$0$152,466
100$195,363$0$0$63,486