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%18.7%
1 years$65,898$65,311$64,738$64,179$63,634$61,400
2 years$32,623$32,015$31,426$30,856$30,302$28,075
3 years$21,533$20,922$20,335$19,769$19,225$17,075
4 years$15,988$15,380$14,799$14,243$13,711$11,654
5 years$12,663$12,058$11,484$10,940$10,423$8,465
6 years$10,447$9,846$9,281$8,749$8,247$6,389
7 years$8,864$8,269$7,713$7,193$6,707$4,949
8 years$7,678$7,088$6,541$6,034$5,564$3,904
9 years$6,756$6,171$5,634$5,139$4,686$3,122
10 years$6,018$5,440$4,912$4,430$3,993$2,522
11 years$5,415$4,843$4,324$3,856$3,434$2,054
12 years$4,913$4,347$3,838$3,382$2,976$1,683
13 years$4,489$3,928$3,429$2,986$2,595$1,386
14 years$4,125$3,570$3,081$2,650$2,275$1,146
15 years$3,811$3,262$2,781$2,364$2,003$950
16 years$3,535$2,993$2,522$2,116$1,770$790
17 years$3,293$2,756$2,295$1,902$1,569$659
18 years$3,078$2,547$2,095$1,714$1,395$550
19 years$2,885$2,360$1,918$1,548$1,244$460
20 years$2,712$2,193$1,760$1,402$1,111$385
21 years$2,556$2,043$1,619$1,273$994$323
22 years$2,414$1,907$1,492$1,157$891$271
23 years$2,285$1,784$1,378$1,054$800$227
24 years$2,166$1,671$1,274$961$719$191
25 years$2,057$1,568$1,180$878$647$160
26 years$1,957$1,474$1,094$803$583$135
27 years$1,864$1,387$1,016$735$525$113
28 years$1,779$1,307$945$673$474$95
29 years$1,699$1,233$879$617$428$80
30 years$1,624$1,165$819$567$387$67
31 years$1,555$1,101$763$520$350$57
32 years$1,490$1,042$712$478$316$48
33 years$1,429$986$665$440$286$40
34 years$1,372$935$621$405$259$34
35 years$1,318$887$581$372$235$29
36 years$1,267$842$543$343$213$24
37 years$1,220$799$509$316$193$20
38 years$1,174$760$476$291$175$17
39 years$1,132$722$446$269$159$14
40 years$1,091$687$418$248$144$12
41 years$1,053$654$392$229$130$10
42 years$1,016$623$368$211$118$9
43 years$981$594$345$195$107$7
44 years$948$566$324$180$98$6
45 years$917$540$304$166$89$5
46 years$887$515$286$153$80$4
47 years$858$491$269$142$73$4
48 years$830$469$252$131$66$3
49 years$804$448$237$121$60$3
50 years$779$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $798,000, adding $3,496 every year, while hoping to spend $40,511 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: 21/50/29 Blend
52$798,000$798,000$798,000$798,000
53$883,002$840,708$828,339$893,361
54$929,965$838,799$812,985$901,225
55$980,360$835,439$795,759$906,037
56$1,034,495$830,514$776,555$910,304
57$1,092,708$823,903$755,263$914,007
58$1,155,367$815,478$731,768$917,130
59$1,222,881$805,103$705,949$919,659
60$1,295,696$792,634$677,679$921,586
61$1,374,302$777,918$646,827$922,903
62$1,459,240$760,795$613,254$923,609
63$1,551,101$741,092$576,817$923,709
64$1,650,536$718,629$537,364$923,214
65$1,758,263$693,214$494,737$922,141
66$1,875,068$664,644$448,773$920,517
67$2,001,818$632,704$399,299$918,379
68$2,139,463$597,167$346,136$915,773
69$2,289,053$557,792$289,096$912,760
70$2,451,738$514,326$227,983$909,414
71$2,628,788$466,500$162,593$905,828
72$2,821,596$414,031$92,711$902,111
73$3,031,698$356,617$18,116$898,394
74$3,260,782$293,943$0$894,832
75$3,510,709$225,673$0$910,635
76$3,783,524$151,453$0$934,206
77$4,081,479$70,911$0$960,258
78$4,407,056$0$0$989,159
79$4,762,983$0$0$1,030,316
80$5,152,266$0$0$1,118,138
81$5,578,215$0$0$1,214,374
82$6,044,474$0$0$1,319,865
83$6,555,056$0$0$1,435,537
84$7,114,380$0$0$1,562,410
85$7,727,312$0$0$1,701,609
86$8,399,212$0$0$1,854,371
87$9,135,983$0$0$2,022,059
88$9,944,126$0$0$2,206,175
89$10,830,802$0$0$2,408,374
90$11,803,899$0$0$2,630,479
91$12,872,105$0$0$2,874,496
92$14,044,991$0$0$3,142,637
93$15,333,098$0$0$3,437,340
94$16,748,042$0$0$3,761,289
95$18,302,615$0$0$4,117,440
96$20,010,913$0$0$4,509,052
97$21,888,462$0$0$4,939,716
98$23,952,368$0$0$5,413,385
99$26,221,479$0$0$5,934,418
100$28,716,556$0$0$6,507,615