Can I retire at age 53 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$41,207$40,840$40,482$40,132$39,791$39,213
2 years$20,399$20,020$19,651$19,294$18,948$18,367
3 years$13,465$13,083$12,716$12,362$12,021$11,455
4 years$9,998$9,617$9,254$8,906$8,574$8,027
5 years$7,918$7,540$7,181$6,841$6,518$5,991
6 years$6,532$6,157$5,804$5,471$5,157$4,652
7 years$5,543$5,171$4,823$4,498$4,194$3,711
8 years$4,801$4,432$4,090$3,773$3,479$3,018
9 years$4,224$3,859$3,523$3,214$2,930$2,490
10 years$3,763$3,402$3,071$2,770$2,497$2,078
11 years$3,386$3,028$2,704$2,411$2,147$1,749
12 years$3,072$2,718$2,400$2,115$1,861$1,483
13 years$2,807$2,456$2,144$1,867$1,623$1,264
14 years$2,580$2,233$1,926$1,657$1,422$1,083
15 years$2,383$2,040$1,739$1,478$1,252$932
16 years$2,211$1,871$1,577$1,323$1,107$804
17 years$2,059$1,723$1,435$1,189$981$696
18 years$1,924$1,592$1,310$1,072$873$604
19 years$1,804$1,476$1,199$968$778$525
20 years$1,696$1,371$1,100$877$695$457
21 years$1,598$1,277$1,012$796$622$398
22 years$1,509$1,192$933$724$557$348
23 years$1,429$1,115$861$659$500$304
24 years$1,355$1,045$797$601$450$266
25 years$1,286$981$738$549$405$233
26 years$1,224$922$684$502$364$204
27 years$1,166$867$635$459$329$179
28 years$1,112$817$591$421$296$157
29 years$1,062$771$550$386$268$138
30 years$1,016$728$512$354$242$121
31 years$972$688$477$325$219$107
32 years$932$651$445$299$198$94
33 years$894$617$416$275$179$82
34 years$858$585$389$253$162$72
35 years$824$554$363$233$147$64
36 years$793$526$340$214$133$56
37 years$763$500$318$198$121$49
38 years$734$475$298$182$109$43
39 years$708$452$279$168$99$38
40 years$682$430$262$155$90$34
41 years$658$409$245$143$82$30
42 years$635$390$230$132$74$26
43 years$614$371$216$122$67$23
44 years$593$354$203$112$61$20
45 years$573$337$190$104$55$18
46 years$554$322$179$96$50$16
47 years$536$307$168$89$46$14
48 years$519$293$158$82$41$12
49 years$503$280$148$76$38$11
50 years$487$268$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 $499,000, adding $5,751 every year, while hoping to spend $33,287 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: 40/49/11 Blend
52$499,000$499,000$499,000$499,000
53$555,830$529,383$521,649$576,015
54$577,108$519,906$503,707$581,316
55$599,440$508,848$484,048$583,318
56$622,899$496,099$462,580$584,743
57$647,564$481,537$439,206$585,555
58$673,521$465,037$413,825$585,714
59$700,862$446,466$386,330$585,181
60$729,689$425,682$356,611$583,915
61$760,113$402,536$324,553$581,876
62$792,254$376,869$290,035$579,022
63$826,243$348,515$252,930$575,310
64$862,225$317,297$213,108$570,698
65$900,355$283,028$170,431$565,144
66$940,805$245,511$124,754$558,604
67$983,763$204,536$75,929$551,039
68$1,029,433$159,884$23,798$542,407
69$1,078,038$111,322$0$532,668
70$1,129,825$58,604$0$525,521
71$1,185,062$1,470$0$520,420
72$1,244,043$0$0$514,555
73$1,307,090$0$0$540,463
74$1,374,557$0$0$569,078
75$1,446,831$0$0$599,776
76$1,524,337$0$0$632,744
77$1,607,542$0$0$668,187
78$1,696,956$0$0$706,327
79$1,793,143$0$0$747,413
80$1,896,718$0$0$791,714
81$2,008,359$0$0$839,528
82$2,128,809$0$0$891,182
83$2,258,888$0$0$947,033
84$2,399,491$0$0$1,007,478
85$2,551,608$0$0$1,072,949
86$2,716,322$0$0$1,143,924
87$2,894,828$0$0$1,220,926
88$3,088,436$0$0$1,304,532
89$3,298,590$0$0$1,395,377
90$3,526,877$0$0$1,494,159
91$3,775,041$0$0$1,601,644
92$4,045,004$0$0$1,718,678
93$4,338,877$0$0$1,846,190
94$4,658,986$0$0$1,985,203
95$5,007,888$0$0$2,136,842
96$5,388,400$0$0$2,302,347
97$5,803,620$0$0$2,483,081
98$6,256,958$0$0$2,680,545
99$6,752,170$0$0$2,896,392
100$7,293,390$0$0$3,132,443