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%14.5%
1 years$74,156$73,495$72,851$72,222$71,608$70,277
2 years$36,711$36,027$35,365$34,722$34,099$32,763
3 years$24,231$23,544$22,883$22,247$21,634$20,335
4 years$17,992$17,307$16,653$16,028$15,429$14,177
5 years$14,250$13,569$12,924$12,311$11,729$10,527
6 years$11,756$11,080$10,444$9,845$9,281$8,130
7 years$9,975$9,305$8,679$8,094$7,548$6,449
8 years$8,640$7,976$7,361$6,790$6,262$5,214
9 years$7,602$6,945$6,340$5,784$5,273$4,277
10 years$6,772$6,122$5,527$4,985$4,493$3,547
11 years$6,094$5,450$4,866$4,339$3,864$2,967
12 years$5,529$4,891$4,318$3,806$3,349$2,499
13 years$5,051$4,420$3,858$3,360$2,920$2,117
14 years$4,642$4,018$3,467$2,983$2,560$1,801
15 years$4,288$3,670$3,130$2,660$2,254$1,539
16 years$3,978$3,368$2,838$2,382$1,992$1,319
17 years$3,706$3,101$2,582$2,140$1,766$1,133
18 years$3,463$2,866$2,357$1,928$1,570$976
19 years$3,247$2,656$2,158$1,743$1,400$842
20 years$3,052$2,468$1,980$1,578$1,250$728
21 years$2,876$2,299$1,822$1,432$1,119$630
22 years$2,716$2,146$1,679$1,302$1,003$546
23 years$2,571$2,007$1,550$1,186$900$474
24 years$2,438$1,881$1,434$1,082$809$411
25 years$2,315$1,765$1,328$988$728$357
26 years$2,202$1,659$1,231$903$656$311
27 years$2,098$1,561$1,144$827$591$270
28 years$2,001$1,471$1,063$758$534$235
29 years$1,912$1,388$989$695$482$205
30 years$1,828$1,310$921$638$435$178
31 years$1,750$1,239$859$586$394$156
32 years$1,677$1,172$802$538$356$136
33 years$1,608$1,110$748$495$322$118
34 years$1,544$1,052$699$455$292$103
35 years$1,483$998$654$419$264$90
36 years$1,426$947$612$386$239$78
37 years$1,372$900$572$356$217$68
38 years$1,322$855$536$328$197$60
39 years$1,273$813$502$302$178$52
40 years$1,228$773$471$279$162$45
41 years$1,184$736$441$257$147$40
42 years$1,143$701$414$237$133$35
43 years$1,104$668$389$219$121$30
44 years$1,067$637$365$202$110$26
45 years$1,031$607$342$187$100$23
46 years$998$579$322$173$90$20
47 years$965$553$302$159$82$18
48 years$935$528$284$147$75$15
49 years$905$504$267$136$68$13
50 years$877$481$251$126$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $898,000, adding $4,958 every year, while hoping to spend $58,193 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: 39/41/20 Blend
52$898,000$898,000$898,000$898,000
53$994,710$947,116$933,197$1,027,403
54$1,034,254$931,608$902,542$1,035,854
55$1,075,880$913,389$868,910$1,039,087
56$1,119,741$892,266$832,140$1,041,386
57$1,166,000$868,033$792,062$1,042,699
58$1,214,837$840,472$748,501$1,042,973
59$1,266,448$809,352$701,273$1,042,155
60$1,321,045$774,430$650,185$1,040,192
61$1,378,862$735,448$595,037$1,037,031
62$1,440,153$692,132$535,618$1,032,623
63$1,505,196$644,193$471,708$1,026,916
64$1,574,296$591,328$403,080$1,019,862
65$1,647,783$533,213$329,492$1,011,417
66$1,726,023$469,506$250,697$1,001,539
67$1,809,414$399,848$166,431$990,191
68$1,898,392$323,858$76,424$977,339
69$1,993,434$241,134$0$962,958
70$2,095,065$151,251$0$951,218
71$2,203,860$53,759$0$955,596
72$2,320,446$0$0$959,834
73$2,445,516$0$0$987,389
74$2,579,827$0$0$1,043,108
75$2,724,212$0$0$1,103,094
76$2,879,582$0$0$1,167,736
77$3,046,942$0$0$1,237,463
78$3,227,392$0$0$1,312,747
79$3,422,143$0$0$1,394,106
80$3,632,523$0$0$1,482,108
81$3,859,993$0$0$1,577,380
82$4,106,160$0$0$1,680,608
83$4,372,787$0$0$1,792,549
84$4,661,816$0$0$1,914,034
85$4,975,381$0$0$2,045,978
86$5,315,828$0$0$2,189,386
87$5,685,740$0$0$2,345,366
88$6,087,954$0$0$2,515,135
89$6,525,596$0$0$2,700,032
90$7,002,102$0$0$2,901,532
91$7,521,255$0$0$3,121,257
92$8,087,218$0$0$3,360,993
93$8,704,571$0$0$3,622,705
94$9,378,356$0$0$3,908,556
95$10,114,123$0$0$4,220,929
96$10,917,983$0$0$4,562,446
97$11,796,661$0$0$4,935,993
98$12,757,564$0$0$5,344,749
99$13,808,844$0$0$5,792,215
100$14,959,481$0$0$6,282,245