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%15.6%
1 years$74,156$73,495$72,851$72,222$71,608$69,962
2 years$36,711$36,027$35,365$34,722$34,099$32,450
3 years$24,231$23,544$22,883$22,247$21,634$20,033
4 years$17,992$17,307$16,653$16,028$15,429$13,889
5 years$14,250$13,569$12,924$12,311$11,729$10,254
6 years$11,756$11,080$10,444$9,845$9,281$7,872
7 years$9,975$9,305$8,679$8,094$7,548$6,206
8 years$8,640$7,976$7,361$6,790$6,262$4,986
9 years$7,602$6,945$6,340$5,784$5,273$4,062
10 years$6,772$6,122$5,527$4,985$4,493$3,346
11 years$6,094$5,450$4,866$4,339$3,864$2,780
12 years$5,529$4,891$4,318$3,806$3,349$2,325
13 years$5,051$4,420$3,858$3,360$2,920$1,955
14 years$4,642$4,018$3,467$2,983$2,560$1,651
15 years$4,288$3,670$3,130$2,660$2,254$1,400
16 years$3,978$3,368$2,838$2,382$1,992$1,190
17 years$3,706$3,101$2,582$2,140$1,766$1,015
18 years$3,463$2,866$2,357$1,928$1,570$867
19 years$3,247$2,656$2,158$1,743$1,400$742
20 years$3,052$2,468$1,980$1,578$1,250$636
21 years$2,876$2,299$1,822$1,432$1,119$546
22 years$2,716$2,146$1,679$1,302$1,003$469
23 years$2,571$2,007$1,550$1,186$900$403
24 years$2,438$1,881$1,434$1,082$809$347
25 years$2,315$1,765$1,328$988$728$299
26 years$2,202$1,659$1,231$903$656$258
27 years$2,098$1,561$1,144$827$591$222
28 years$2,001$1,471$1,063$758$534$192
29 years$1,912$1,388$989$695$482$165
30 years$1,828$1,310$921$638$435$143
31 years$1,750$1,239$859$586$394$123
32 years$1,677$1,172$802$538$356$107
33 years$1,608$1,110$748$495$322$92
34 years$1,544$1,052$699$455$292$80
35 years$1,483$998$654$419$264$69
36 years$1,426$947$612$386$239$59
37 years$1,372$900$572$356$217$51
38 years$1,322$855$536$328$197$44
39 years$1,273$813$502$302$178$38
40 years$1,228$773$471$279$162$33
41 years$1,184$736$441$257$147$29
42 years$1,143$701$414$237$133$25
43 years$1,104$668$389$219$121$21
44 years$1,067$637$365$202$110$19
45 years$1,031$607$342$187$100$16
46 years$998$579$322$173$90$14
47 years$965$553$302$159$82$12
48 years$935$528$284$147$75$10
49 years$905$504$267$136$68$9
50 years$877$481$251$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $898,000, adding $2,231 every year, while hoping to spend $35,483 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: 42/50/8 Blend
52$898,000$898,000$898,000$898,000
53$991,897$944,303$930,384$1,031,140
54$1,055,317$952,821$923,799$1,067,221
55$1,124,017$960,566$915,803$1,102,502
56$1,198,497$967,464$906,313$1,139,894
57$1,279,309$973,435$895,239$1,179,601
58$1,367,058$978,393$882,490$1,221,853
59$1,462,411$982,248$867,967$1,266,902
60$1,566,102$984,903$851,568$1,315,028
61$1,678,937$986,255$833,188$1,366,543
62$1,801,803$986,197$812,715$1,421,790
63$1,935,678$984,611$790,031$1,481,152
64$2,081,636$981,375$765,016$1,545,052
65$2,240,859$976,360$737,541$1,613,958
66$2,414,651$969,425$707,473$1,688,390
67$2,604,444$960,426$674,672$1,768,922
68$2,811,816$949,206$638,992$1,856,192
69$3,038,504$935,600$600,281$1,950,904
70$3,286,421$919,433$558,380$2,053,839
71$3,557,672$900,522$513,122$2,165,860
72$3,854,576$878,668$464,332$2,287,924
73$4,179,685$853,666$411,830$2,421,089
74$4,535,812$825,294$355,426$2,566,524
75$4,926,053$793,321$294,920$2,725,526
76$5,353,817$757,501$230,106$2,899,525
77$5,822,860$717,572$160,769$3,090,106
78$6,337,318$673,260$86,681$3,299,021
79$6,901,748$624,273$7,609$3,528,206
80$7,521,168$570,304$0$3,779,801
81$8,201,104$511,026$0$4,062,728
82$8,947,647$446,097$0$4,374,168
83$9,767,503$375,152$0$4,716,383
84$10,668,061$297,807$0$5,092,593
85$11,657,461$213,657$0$5,506,352
86$12,744,668$122,273$0$5,961,585
87$13,939,563$23,203$0$6,462,627
88$15,253,028$0$0$7,014,265
89$16,697,052$0$0$7,668,017
90$18,284,845$0$0$8,401,020
91$20,030,962$0$0$9,207,242
92$21,951,435$0$0$10,094,101
93$24,063,933$0$0$11,069,774
94$26,387,918$0$0$12,143,266
95$28,944,839$0$0$13,324,502
96$31,758,324$0$0$14,624,417
97$34,854,409$0$0$16,055,059
98$38,261,783$0$0$17,629,704
99$42,012,053$0$0$19,362,979
100$46,140,050$0$0$21,271,001