Can I retire at age 53 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$40,877$40,513$40,157$39,811$39,472$38,102
2 years$20,236$19,859$19,494$19,140$18,796$17,430
3 years$13,357$12,978$12,614$12,263$11,925$10,606
4 years$9,918$9,540$9,180$8,835$8,505$7,243
5 years$7,855$7,480$7,124$6,786$6,465$5,263
6 years$6,480$6,108$5,757$5,427$5,116$3,975
7 years$5,498$5,129$4,784$4,462$4,161$3,080
8 years$4,763$4,397$4,057$3,743$3,452$2,432
9 years$4,190$3,828$3,495$3,188$2,907$1,946
10 years$3,733$3,374$3,047$2,748$2,477$1,573
11 years$3,359$3,004$2,682$2,392$2,130$1,281
12 years$3,048$2,696$2,380$2,098$1,846$1,051
13 years$2,784$2,437$2,127$1,852$1,610$866
14 years$2,559$2,215$1,911$1,644$1,411$716
15 years$2,364$2,023$1,725$1,466$1,242$595
16 years$2,193$1,856$1,564$1,313$1,098$495
17 years$2,043$1,710$1,423$1,180$974$413
18 years$1,909$1,580$1,299$1,063$866$345
19 years$1,790$1,464$1,189$961$772$289
20 years$1,682$1,360$1,092$870$689$242
21 years$1,585$1,267$1,004$790$617$203
22 years$1,497$1,183$925$718$553$170
23 years$1,417$1,106$854$654$496$143
24 years$1,344$1,037$790$596$446$120
25 years$1,276$973$732$545$401$101
26 years$1,214$914$679$498$362$85
27 years$1,157$860$630$456$326$72
28 years$1,103$811$586$418$294$60
29 years$1,054$765$545$383$266$51
30 years$1,008$722$508$351$240$43
31 years$965$683$474$323$217$36
32 years$924$646$442$297$196$30
33 years$886$612$413$273$178$26
34 years$851$580$385$251$161$22
35 years$818$550$360$231$146$18
36 years$786$522$337$213$132$15
37 years$756$496$316$196$120$13
38 years$728$471$295$181$108$11
39 years$702$448$277$167$98$9
40 years$677$426$259$154$89$8
41 years$653$406$243$142$81$7
42 years$630$386$228$131$73$5
43 years$609$368$214$121$67$5
44 years$588$351$201$112$60$4
45 years$569$335$189$103$55$3
46 years$550$319$177$95$50$3
47 years$532$305$167$88$45$2
48 years$515$291$157$81$41$2
49 years$499$278$147$75$37$2
50 years$483$265$138$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $495,000, adding $4,253 every year, while hoping to spend $21,610 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: 63/18/19 Blend
52$495,000$495,000$495,000$495,000
53$549,877$523,642$515,969$581,601
54$582,972$526,308$510,262$606,135
55$618,717$528,379$503,638$630,101
56$657,362$529,806$496,046$655,768
57$699,179$530,531$487,429$683,305
58$744,465$530,498$477,728$712,898
59$793,551$529,642$466,882$744,750
60$846,797$527,899$454,827$779,088
61$904,603$525,199$441,496$816,162
62$967,405$521,466$426,818$856,247
63$1,035,684$516,621$410,720$899,648
64$1,109,970$510,582$393,126$946,703
65$1,190,846$503,260$373,955$997,783
66$1,278,953$494,560$353,122$1,053,300
67$1,374,995$484,383$330,541$1,113,706
68$1,479,750$472,623$306,120$1,179,503
69$1,594,072$459,168$279,762$1,251,245
70$1,718,901$443,902$251,368$1,329,542
71$1,855,273$426,697$220,833$1,415,070
72$2,004,328$407,423$188,049$1,508,573
73$2,167,321$385,938$152,900$1,610,874
74$2,345,634$362,095$115,268$1,722,882
75$2,540,788$335,737$75,028$1,845,598
76$2,754,458$306,698$32,052$1,980,129
77$2,988,490$274,803$0$2,127,696
78$3,244,915$239,867$0$2,292,447
79$3,525,971$201,695$0$2,480,187
80$3,834,121$160,080$0$2,686,082
81$4,172,081$114,803$0$2,911,975
82$4,542,840$65,634$0$3,159,898
83$4,949,689$12,331$0$3,432,091
84$5,396,258$0$0$3,731,023
85$5,886,539$0$0$4,068,402
86$6,424,935$0$0$4,441,610
87$7,016,294$0$0$4,851,569
88$7,665,955$0$0$5,301,987
89$8,379,803$0$0$5,796,947
90$9,164,319$0$0$6,340,950
91$10,026,643$0$0$6,938,951
92$10,974,643$0$0$7,596,411
93$12,016,985$0$0$8,319,348
94$13,163,219$0$0$9,114,390
95$14,423,863$0$0$9,988,840
96$15,810,511$0$0$10,950,744
97$17,335,932$0$0$12,008,968
98$19,014,198$0$0$13,173,281
99$20,860,812$0$0$14,454,444
100$22,892,856$0$0$15,864,317