Can I retire at age 53 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$65,898$65,311$64,738$64,179$63,634$62,298
2 years$32,623$32,015$31,426$30,856$30,302$28,962
3 years$21,533$20,922$20,335$19,769$19,225$17,923
4 years$15,988$15,380$14,799$14,243$13,711$12,458
5 years$12,663$12,058$11,484$10,940$10,423$9,221
6 years$10,447$9,846$9,281$8,749$8,247$7,099
7 years$8,864$8,269$7,713$7,193$6,707$5,612
8 years$7,678$7,088$6,541$6,034$5,564$4,522
9 years$6,756$6,171$5,634$5,139$4,686$3,696
10 years$6,018$5,440$4,912$4,430$3,993$3,053
11 years$5,415$4,843$4,324$3,856$3,434$2,544
12 years$4,913$4,347$3,838$3,382$2,976$2,135
13 years$4,489$3,928$3,429$2,986$2,595$1,801
14 years$4,125$3,570$3,081$2,650$2,275$1,527
15 years$3,811$3,262$2,781$2,364$2,003$1,299
16 years$3,535$2,993$2,522$2,116$1,770$1,108
17 years$3,293$2,756$2,295$1,902$1,569$948
18 years$3,078$2,547$2,095$1,714$1,395$813
19 years$2,885$2,360$1,918$1,548$1,244$698
20 years$2,712$2,193$1,760$1,402$1,111$601
21 years$2,556$2,043$1,619$1,273$994$518
22 years$2,414$1,907$1,492$1,157$891$447
23 years$2,285$1,784$1,378$1,054$800$386
24 years$2,166$1,671$1,274$961$719$333
25 years$2,057$1,568$1,180$878$647$288
26 years$1,957$1,474$1,094$803$583$249
27 years$1,864$1,387$1,016$735$525$216
28 years$1,779$1,307$945$673$474$187
29 years$1,699$1,233$879$617$428$162
30 years$1,624$1,165$819$567$387$140
31 years$1,555$1,101$763$520$350$122
32 years$1,490$1,042$712$478$316$106
33 years$1,429$986$665$440$286$92
34 years$1,372$935$621$405$259$80
35 years$1,318$887$581$372$235$69
36 years$1,267$842$543$343$213$60
37 years$1,220$799$509$316$193$52
38 years$1,174$760$476$291$175$45
39 years$1,132$722$446$269$159$39
40 years$1,091$687$418$248$144$34
41 years$1,053$654$392$229$130$30
42 years$1,016$623$368$211$118$26
43 years$981$594$345$195$107$22
44 years$948$566$324$180$98$19
45 years$917$540$304$166$89$17
46 years$887$515$286$153$80$15
47 years$858$491$269$142$73$13
48 years$830$469$252$131$66$11
49 years$804$448$237$121$60$10
50 years$779$428$223$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $798,000, adding $2,904 every year, while hoping to spend $22,768 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: 41/42/17 Blend
52$798,000$798,000$798,000$798,000
53$882,391$840,097$827,728$914,036
54$948,170$857,037$831,232$953,689
55$1,019,896$874,044$834,091$994,143
56$1,098,150$891,097$836,257$1,037,447
57$1,183,574$908,174$837,685$1,083,873
58$1,276,874$925,250$838,323$1,133,720
59$1,378,827$942,298$838,118$1,187,319
60$1,490,288$959,291$837,016$1,245,033
61$1,612,198$976,198$834,957$1,307,264
62$1,745,596$992,985$831,881$1,374,456
63$1,891,621$1,009,616$827,724$1,447,097
64$2,051,533$1,026,054$822,420$1,525,727
65$2,226,716$1,042,256$815,896$1,610,941
66$2,418,693$1,058,179$808,081$1,703,396
67$2,629,145$1,073,776$798,898$1,803,816
68$2,859,921$1,088,994$788,264$1,912,999
69$3,113,059$1,103,780$776,096$2,031,829
70$3,390,801$1,118,076$762,306$2,161,276
71$3,695,619$1,131,818$746,800$2,302,415
72$4,030,237$1,144,941$729,482$2,456,429
73$4,397,651$1,157,374$710,250$2,624,624
74$4,801,167$1,169,040$688,998$2,808,440
75$5,244,421$1,179,859$665,615$3,009,466
76$5,731,425$1,189,744$639,986$3,229,456
77$6,266,593$1,198,604$611,988$3,470,343
78$6,854,790$1,206,341$581,495$3,734,259
79$7,501,378$1,212,851$548,374$4,023,559
80$8,212,261$1,218,023$512,486$4,340,836
81$8,993,944$1,221,739$473,688$4,688,953
82$9,853,596$1,223,874$431,826$5,071,067
83$10,799,115$1,224,295$386,744$5,490,660
84$11,839,200$1,222,861$338,275$5,951,572
85$12,983,439$1,219,422$286,248$6,458,038
86$14,242,395$1,213,819$230,483$7,014,728
87$15,627,706$1,205,883$170,790$7,626,795
88$17,152,195$1,195,434$106,975$8,299,919
89$18,829,991$1,182,282$38,831$9,040,363
90$20,676,663$1,166,227$0$9,855,036
91$22,709,365$1,147,055$0$10,757,703
92$24,946,998$1,124,539$0$11,758,531
93$27,410,391$1,098,440$0$12,859,776
94$30,122,491$1,068,504$0$14,071,693
95$33,108,588$1,034,463$0$15,405,589
96$36,396,545$996,032$0$16,873,930
97$40,017,066$952,912$0$18,490,453
98$44,003,984$904,782$0$20,270,306
99$48,394,582$851,308$0$22,230,185
100$53,229,939$792,132$0$24,388,493