Can I retire at age 53 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$40,464$40,103$39,752$39,408$39,073$38,697
2 years$20,032$19,658$19,297$18,946$18,606$18,228
3 years$13,222$12,847$12,486$12,139$11,805$11,435
4 years$9,817$9,444$9,087$8,746$8,419$8,061
5 years$7,775$7,404$7,052$6,717$6,400$6,055
6 years$6,415$6,046$5,699$5,372$5,064$4,733
7 years$5,443$5,077$4,736$4,417$4,119$3,800
8 years$4,714$4,352$4,016$3,705$3,417$3,112
9 years$4,148$3,789$3,459$3,156$2,877$2,586
10 years$3,695$3,340$3,016$2,720$2,452$2,173
11 years$3,325$2,974$2,655$2,368$2,109$1,843
12 years$3,017$2,669$2,356$2,077$1,827$1,574
13 years$2,756$2,412$2,105$1,833$1,593$1,353
14 years$2,533$2,192$1,892$1,627$1,397$1,168
15 years$2,340$2,003$1,708$1,451$1,230$1,013
16 years$2,171$1,838$1,548$1,300$1,087$882
17 years$2,022$1,692$1,409$1,168$964$770
18 years$1,890$1,564$1,286$1,052$857$673
19 years$1,772$1,449$1,177$951$764$590
20 years$1,665$1,347$1,081$861$682$519
21 years$1,569$1,254$994$782$610$456
22 years$1,482$1,171$916$711$547$402
23 years$1,403$1,095$846$647$491$355
24 years$1,330$1,026$782$590$442$313
25 years$1,263$963$725$539$397$277
26 years$1,202$905$672$493$358$245
27 years$1,145$852$624$451$323$217
28 years$1,092$803$580$413$291$192
29 years$1,043$757$540$379$263$171
30 years$997$715$503$348$238$151
31 years$955$676$469$319$215$134
32 years$915$640$437$294$194$119
33 years$878$606$408$270$176$106
34 years$842$574$382$248$159$94
35 years$809$544$357$229$144$84
36 years$778$517$334$211$131$74
37 years$749$491$312$194$118$66
38 years$721$466$292$179$107$59
39 years$695$444$274$165$97$52
40 years$670$422$257$152$88$46
41 years$646$402$241$140$80$41
42 years$624$383$226$130$73$37
43 years$603$365$212$120$66$33
44 years$582$347$199$110$60$29
45 years$563$331$187$102$54$26
46 years$544$316$175$94$49$23
47 years$527$302$165$87$45$20
48 years$510$288$155$80$41$18
49 years$494$275$146$74$37$16
50 years$478$263$137$69$34$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $490,000, adding $2,541 every year, while hoping to spend $34,765 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: 24/50/26 Blend
52$490,000$490,000$490,000$490,000
53$542,601$516,631$509,036$551,112
54$560,957$504,956$489,099$546,771
55$580,019$491,544$467,329$538,996
56$599,825$476,273$443,628$529,925
57$620,410$459,014$417,893$519,473
58$641,817$439,631$390,017$507,551
59$664,088$417,978$359,888$494,065
60$687,270$393,904$327,389$478,915
61$711,413$367,247$292,399$461,997
62$736,571$337,836$254,788$443,202
63$762,802$305,490$214,424$422,414
64$790,168$270,020$171,167$399,513
65$818,736$231,222$124,873$374,371
66$848,580$188,884$75,388$346,856
67$879,777$142,782$22,556$316,827
68$912,412$92,676$0$284,138
69$946,578$38,317$0$258,019
70$982,373$0$0$236,213
71$1,019,905$0$0$223,650
72$1,059,291$0$0$232,615
73$1,100,659$0$0$242,058
74$1,144,146$0$0$252,014
75$1,189,902$0$0$262,522
76$1,238,090$0$0$273,623
77$1,288,888$0$0$285,363
78$1,342,489$0$0$297,790
79$1,399,105$0$0$310,960
80$1,458,966$0$0$324,931
81$1,522,324$0$0$339,768
82$1,589,451$0$0$355,542
83$1,660,649$0$0$372,331
84$1,736,245$0$0$390,218
85$1,816,597$0$0$409,296
86$1,902,098$0$0$429,668
87$1,993,177$0$0$451,444
88$2,090,303$0$0$474,747
89$2,193,991$0$0$499,711
90$2,304,806$0$0$526,481
91$2,423,365$0$0$555,220
92$2,550,346$0$0$586,105
93$2,686,493$0$0$619,328
94$2,832,621$0$0$655,103
95$2,989,626$0$0$693,665
96$3,158,489$0$0$735,269
97$3,340,291$0$0$780,199
98$3,536,214$0$0$828,765
99$3,747,561$0$0$881,307
100$3,975,761$0$0$938,201