Can I retire at age 53 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$40,629$40,267$39,914$39,569$39,233$38,488
2 years$20,113$19,739$19,376$19,024$18,682$17,935
3 years$13,276$12,899$12,537$12,189$11,853$11,126
4 years$9,858$9,482$9,124$8,781$8,454$7,753
5 years$7,807$7,434$7,081$6,745$6,426$5,754
6 years$6,441$6,071$5,722$5,394$5,085$4,441
7 years$5,465$5,098$4,755$4,435$4,135$3,521
8 years$4,734$4,370$4,033$3,720$3,431$2,845
9 years$4,165$3,805$3,473$3,169$2,889$2,332
10 years$3,710$3,354$3,028$2,731$2,462$1,933
11 years$3,339$2,986$2,666$2,377$2,117$1,616
12 years$3,029$2,680$2,366$2,085$1,835$1,360
13 years$2,768$2,422$2,114$1,841$1,600$1,151
14 years$2,543$2,201$1,899$1,634$1,402$979
15 years$2,349$2,011$1,715$1,457$1,235$836
16 years$2,180$1,845$1,555$1,305$1,091$716
17 years$2,030$1,699$1,415$1,172$968$615
18 years$1,897$1,570$1,291$1,057$860$529
19 years$1,779$1,455$1,182$955$767$456
20 years$1,672$1,352$1,085$865$685$394
21 years$1,576$1,260$998$785$613$341
22 years$1,488$1,176$920$714$549$295
23 years$1,409$1,100$849$650$493$256
24 years$1,336$1,030$785$593$443$222
25 years$1,268$967$727$541$399$193
26 years$1,207$909$675$495$359$167
27 years$1,150$855$627$453$324$145
28 years$1,097$806$582$415$292$127
29 years$1,047$760$542$381$264$110
30 years$1,001$718$505$349$239$96
31 years$959$679$471$321$216$83
32 years$919$642$439$295$195$73
33 years$881$608$410$271$177$63
34 years$846$576$383$249$160$55
35 years$813$547$358$230$145$48
36 years$781$519$335$211$131$42
37 years$752$493$314$195$119$37
38 years$724$468$294$180$108$32
39 years$698$445$275$166$98$28
40 years$673$424$258$153$89$24
41 years$649$403$242$141$80$21
42 years$626$384$227$130$73$18
43 years$605$366$213$120$66$16
44 years$585$349$200$111$60$14
45 years$565$333$188$102$55$12
46 years$547$317$176$95$50$11
47 years$529$303$166$87$45$9
48 years$512$289$156$81$41$8
49 years$496$276$146$75$37$7
50 years$480$264$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $492,000, adding $2,636 every year, while hoping to spend $37,060 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: 56/28/16 Blend
52$492,000$492,000$492,000$492,000
53$544,903$518,827$511,201$572,985
54$561,052$504,818$488,895$578,360
55$577,605$488,880$464,599$579,971
56$594,566$470,881$438,208$580,885
57$611,935$450,677$409,612$581,042
58$629,713$428,121$378,694$580,379
59$647,898$403,053$345,335$578,829
60$666,487$375,306$309,407$576,320
61$685,477$344,704$270,780$572,777
62$704,860$311,059$229,315$568,118
63$724,628$274,173$184,870$562,255
64$744,770$233,838$137,293$555,096
65$765,274$189,833$86,430$546,542
66$786,121$141,925$32,115$536,487
67$807,293$89,866$0$524,819
68$828,766$33,398$0$515,830
69$850,511$0$0$511,117
70$872,496$0$0$513,637
71$894,684$0$0$526,549
72$917,031$0$0$539,533
73$939,486$0$0$552,560
74$961,993$0$0$565,592
75$984,485$0$0$578,588
76$1,006,890$0$0$591,502
77$1,029,122$0$0$604,281
78$1,051,087$0$0$616,866
79$1,072,678$0$0$629,189
80$1,093,775$0$0$641,175
81$1,114,241$0$0$652,740
82$1,133,925$0$0$663,789
83$1,152,657$0$0$674,215
84$1,170,246$0$0$683,901
85$1,186,480$0$0$692,713
86$1,201,121$0$0$700,505
87$1,213,904$0$0$707,111
88$1,224,535$0$0$712,348
89$1,232,685$0$0$716,012
90$1,237,988$0$0$717,877
91$1,240,039$0$0$717,690
92$1,238,386$0$0$715,172
93$1,232,528$0$0$710,011
94$1,221,909$0$0$701,864
95$1,205,912$0$0$690,348
96$1,183,854$0$0$675,039
97$1,154,977$0$0$655,469
98$1,118,440$0$0$631,116
99$1,073,315$0$0$601,407
100$1,018,572$0$0$565,704