Can I retire at age 53 with 898,000?

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 $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%12.8%
1 years$74,156$73,495$72,851$72,222$71,608$70,772
2 years$36,711$36,027$35,365$34,722$34,099$33,257
3 years$24,231$23,544$22,883$22,247$21,634$20,813
4 years$17,992$17,307$16,653$16,028$15,429$14,635
5 years$14,250$13,569$12,924$12,311$11,729$10,965
6 years$11,756$11,080$10,444$9,845$9,281$8,546
7 years$9,975$9,305$8,679$8,094$7,548$6,844
8 years$8,640$7,976$7,361$6,790$6,262$5,588
9 years$7,602$6,945$6,340$5,784$5,273$4,630
10 years$6,772$6,122$5,527$4,985$4,493$3,880
11 years$6,094$5,450$4,866$4,339$3,864$3,280
12 years$5,529$4,891$4,318$3,806$3,349$2,793
13 years$5,051$4,420$3,858$3,360$2,920$2,392
14 years$4,642$4,018$3,467$2,983$2,560$2,059
15 years$4,288$3,670$3,130$2,660$2,254$1,780
16 years$3,978$3,368$2,838$2,382$1,992$1,543
17 years$3,706$3,101$2,582$2,140$1,766$1,342
18 years$3,463$2,866$2,357$1,928$1,570$1,170
19 years$3,247$2,656$2,158$1,743$1,400$1,022
20 years$3,052$2,468$1,980$1,578$1,250$895
21 years$2,876$2,299$1,822$1,432$1,119$785
22 years$2,716$2,146$1,679$1,302$1,003$689
23 years$2,571$2,007$1,550$1,186$900$605
24 years$2,438$1,881$1,434$1,082$809$533
25 years$2,315$1,765$1,328$988$728$469
26 years$2,202$1,659$1,231$903$656$413
27 years$2,098$1,561$1,144$827$591$365
28 years$2,001$1,471$1,063$758$534$322
29 years$1,912$1,388$989$695$482$284
30 years$1,828$1,310$921$638$435$251
31 years$1,750$1,239$859$586$394$222
32 years$1,677$1,172$802$538$356$196
33 years$1,608$1,110$748$495$322$173
34 years$1,544$1,052$699$455$292$153
35 years$1,483$998$654$419$264$136
36 years$1,426$947$612$386$239$120
37 years$1,372$900$572$356$217$106
38 years$1,322$855$536$328$197$94
39 years$1,273$813$502$302$178$83
40 years$1,228$773$471$279$162$74
41 years$1,184$736$441$257$147$65
42 years$1,143$701$414$237$133$58
43 years$1,104$668$389$219$121$51
44 years$1,067$637$365$202$110$45
45 years$1,031$607$342$187$100$40
46 years$998$579$322$173$90$36
47 years$965$553$302$159$82$32
48 years$935$528$284$147$75$28
49 years$905$504$267$136$68$25
50 years$877$481$251$126$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $898,000, adding $4,726 every year, while hoping to spend $36,325 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: 45/28/27 Blend
52$898,000$898,000$898,000$898,000
53$994,471$946,877$932,958$1,031,277
54$1,057,257$954,624$925,562$1,065,614
55$1,125,231$961,534$916,702$1,098,962
56$1,198,881$967,526$906,289$1,134,426
57$1,278,749$972,517$894,231$1,172,223
58$1,365,427$976,416$880,433$1,212,593
59$1,459,568$979,128$864,795$1,255,805
60$1,561,890$980,551$847,212$1,302,155
61$1,673,182$980,577$827,573$1,351,973
62$1,794,313$979,092$805,763$1,405,624
63$1,926,239$975,974$781,662$1,463,512
64$2,070,013$971,093$755,145$1,526,087
65$2,226,791$964,314$726,079$1,593,845
66$2,397,848$955,489$694,327$1,667,338
67$2,584,586$944,466$659,745$1,747,175
68$2,788,550$931,081$622,182$1,834,032
69$3,011,438$915,160$581,482$1,928,658
70$3,255,123$896,521$537,479$2,031,881
71$3,521,663$874,969$490,003$2,144,618
72$3,813,328$850,297$438,873$2,267,882
73$4,132,616$822,290$383,903$2,402,797
74$4,482,276$790,715$324,897$2,550,605
75$4,865,337$755,330$261,651$2,712,678
76$5,285,136$715,875$193,950$2,890,537
77$5,745,345$672,078$121,573$3,085,860
78$6,250,011$623,651$44,287$3,300,504
79$6,803,590$570,288$0$3,536,522
80$7,410,991$511,667$0$3,807,186
81$8,077,620$447,446$0$4,118,331
82$8,809,433$377,266$0$4,460,031
83$9,612,989$300,746$0$4,835,429
84$10,495,515$217,484$0$5,247,988
85$11,464,971$127,055$0$5,701,531
86$12,530,128$29,011$0$6,200,275
87$13,700,647$0$0$6,748,871
88$14,987,170$0$0$7,376,212
89$16,401,425$0$0$8,075,779
90$17,956,328$0$0$8,845,038
91$19,666,113$0$0$9,691,046
92$21,546,461$0$0$10,621,577
93$23,614,648$0$0$11,645,197
94$25,889,709$0$0$12,771,342
95$28,392,617$0$0$14,010,412
96$31,146,479$0$0$15,373,864
97$34,176,757$0$0$16,874,321
98$37,511,503$0$0$18,525,693
99$41,181,628$0$0$20,343,305
100$45,221,190$0$0$22,344,046