Can I retire at age 53 with 798,000?

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 $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 $5,284 every year, while hoping to spend $33,704 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: 29/48/23 Blend
52$798,000$798,000$798,000$798,000
53$884,846$842,552$830,183$904,029
54$939,240$847,977$822,134$924,741
55$998,052$852,537$812,685$943,655
56$1,061,698$856,156$801,754$963,290
57$1,130,633$858,750$789,255$983,729
58$1,205,361$860,231$775,098$1,005,066
59$1,286,431$860,507$759,188$1,027,409
60$1,374,452$859,476$741,426$1,050,878
61$1,470,091$857,035$721,707$1,075,608
62$1,574,081$853,070$699,925$1,101,753
63$1,687,230$847,464$675,966$1,129,483
64$1,810,427$840,089$649,710$1,158,991
65$1,944,649$830,813$621,035$1,190,492
66$2,090,974$819,493$589,810$1,224,229
67$2,250,585$805,979$555,900$1,260,472
68$2,424,785$790,113$519,163$1,299,525
69$2,615,011$771,726$479,453$1,341,725
70$2,822,840$750,639$436,613$1,387,451
71$3,050,013$726,663$390,482$1,437,126
72$3,298,443$699,599$340,892$1,491,221
73$3,570,239$669,234$287,667$1,550,260
74$3,867,722$635,345$230,622$1,614,830
75$4,193,448$597,695$169,566$1,685,583
76$4,550,231$556,034$104,298$1,763,243
77$4,941,171$510,096$34,609$1,848,620
78$5,369,682$459,602$0$1,942,610
79$5,839,523$404,256$0$2,055,971
80$6,354,836$343,745$0$2,189,752
81$6,920,179$277,739$0$2,336,742
82$7,540,579$205,889$0$2,498,370
83$8,221,566$127,827$0$2,676,218
84$8,969,238$43,163$0$2,872,037
85$9,790,309$0$0$3,087,767
86$10,692,174$0$0$3,351,177
87$11,682,981$0$0$3,665,745
88$12,771,708$0$0$4,011,542
89$13,968,242$0$0$4,391,724
90$15,283,478$0$0$4,809,771
91$16,729,418$0$0$5,269,517
92$18,319,285$0$0$5,775,185
93$20,067,648$0$0$6,331,429
94$21,990,557$0$0$6,943,377
95$24,105,698$0$0$7,616,676
96$26,432,554$0$0$8,357,551
97$28,992,593$0$0$9,172,861
98$31,809,470$0$0$10,070,162
99$34,909,247$0$0$11,057,780
100$38,320,641$0$0$12,144,890