Can I retire at age 53 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$74,156$73,495$72,851$72,222$71,608$69,539
2 years$36,711$36,027$35,365$34,722$34,099$32,031
3 years$24,231$23,544$22,883$22,247$21,634$19,631
4 years$17,992$17,307$16,653$16,028$15,429$13,508
5 years$14,250$13,569$12,924$12,311$11,729$9,894
6 years$11,756$11,080$10,444$9,845$9,281$7,534
7 years$9,975$9,305$8,679$8,094$7,548$5,889
8 years$8,640$7,976$7,361$6,790$6,262$4,690
9 years$7,602$6,945$6,340$5,784$5,273$3,787
10 years$6,772$6,122$5,527$4,985$4,493$3,090
11 years$6,094$5,450$4,866$4,339$3,864$2,542
12 years$5,529$4,891$4,318$3,806$3,349$2,105
13 years$5,051$4,420$3,858$3,360$2,920$1,753
14 years$4,642$4,018$3,467$2,983$2,560$1,465
15 years$4,288$3,670$3,130$2,660$2,254$1,229
16 years$3,978$3,368$2,838$2,382$1,992$1,034
17 years$3,706$3,101$2,582$2,140$1,766$872
18 years$3,463$2,866$2,357$1,928$1,570$737
19 years$3,247$2,656$2,158$1,743$1,400$623
20 years$3,052$2,468$1,980$1,578$1,250$528
21 years$2,876$2,299$1,822$1,432$1,119$448
22 years$2,716$2,146$1,679$1,302$1,003$381
23 years$2,571$2,007$1,550$1,186$900$324
24 years$2,438$1,881$1,434$1,082$809$275
25 years$2,315$1,765$1,328$988$728$234
26 years$2,202$1,659$1,231$903$656$200
27 years$2,098$1,561$1,144$827$591$170
28 years$2,001$1,471$1,063$758$534$145
29 years$1,912$1,388$989$695$482$123
30 years$1,828$1,310$921$638$435$105
31 years$1,750$1,239$859$586$394$90
32 years$1,677$1,172$802$538$356$77
33 years$1,608$1,110$748$495$322$65
34 years$1,544$1,052$699$455$292$56
35 years$1,483$998$654$419$264$48
36 years$1,426$947$612$386$239$41
37 years$1,372$900$572$356$217$35
38 years$1,322$855$536$328$197$30
39 years$1,273$813$502$302$178$25
40 years$1,228$773$471$279$162$22
41 years$1,184$736$441$257$147$18
42 years$1,143$701$414$237$133$16
43 years$1,104$668$389$219$121$13
44 years$1,067$637$365$202$110$11
45 years$1,031$607$342$187$100$10
46 years$998$579$322$173$90$8
47 years$965$553$302$159$82$7
48 years$935$528$284$147$75$6
49 years$905$504$267$136$68$5
50 years$877$481$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $898,000, adding $2,519 every year, while hoping to spend $33,835 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: 25/46/29 Blend
52$898,000$898,000$898,000$898,000
53$992,194$944,600$930,681$1,007,946
54$1,057,398$954,886$925,859$1,031,657
55$1,128,118$964,541$919,741$1,054,031
56$1,204,883$973,499$912,249$1,077,324
57$1,288,270$981,690$903,298$1,101,637
58$1,378,919$989,038$892,804$1,127,083
59$1,477,529$995,462$880,674$1,153,789
60$1,584,874$1,000,877$866,813$1,181,897
61$1,701,803$1,005,191$851,123$1,211,569
62$1,829,248$1,008,307$833,497$1,242,983
63$1,968,240$1,010,123$813,828$1,276,340
64$2,119,911$1,010,528$792,001$1,311,865
65$2,285,505$1,009,407$767,896$1,349,811
66$2,466,394$1,006,637$741,389$1,390,456
67$2,664,089$1,002,085$712,348$1,434,116
68$2,880,252$995,612$680,638$1,481,139
69$3,116,713$987,073$646,114$1,531,917
70$3,375,487$976,309$608,628$1,586,885
71$3,658,794$963,154$568,024$1,646,526
72$3,969,076$947,434$524,138$1,711,381
73$4,309,025$928,962$476,801$1,782,050
74$4,681,605$907,541$425,833$1,859,202
75$5,090,080$882,961$371,049$1,943,578
76$5,538,044$855,002$312,255$2,036,005
77$6,029,457$823,430$249,248$2,137,399
78$6,568,679$787,996$181,816$2,248,780
79$7,160,515$748,438$109,737$2,371,278
80$7,810,256$704,480$32,782$2,506,148
81$8,523,731$655,828$0$2,654,782
82$9,307,360$602,173$0$2,833,992
83$10,168,218$543,185$0$3,042,041
84$11,114,094$478,520$0$3,270,752
85$12,153,575$407,811$0$3,522,313
86$13,296,118$330,671$0$3,799,143
87$14,552,140$246,692$0$4,103,913
88$15,933,120$155,443$0$4,439,578
89$17,451,706$56,467$0$4,809,401
90$19,121,829$0$0$5,216,987
91$20,958,842$0$0$5,691,993
92$22,979,658$0$0$6,246,139
93$25,202,911$0$0$6,855,976
94$27,649,135$0$0$7,527,156
95$30,340,954$0$0$8,265,912
96$33,303,293$0$0$9,079,106
97$36,563,619$0$0$9,974,303
98$40,152,195$0$0$10,959,838
99$44,102,368$0$0$12,044,895
100$48,450,879$0$0$13,239,593