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%16.3%
1 years$74,156$73,495$72,851$72,222$71,608$69,763
2 years$36,711$36,027$35,365$34,722$34,099$32,253
3 years$24,231$23,544$22,883$22,247$21,634$19,844
4 years$17,992$17,307$16,653$16,028$15,429$13,710
5 years$14,250$13,569$12,924$12,311$11,729$10,084
6 years$11,756$11,080$10,444$9,845$9,281$7,712
7 years$9,975$9,305$8,679$8,094$7,548$6,056
8 years$8,640$7,976$7,361$6,790$6,262$4,845
9 years$7,602$6,945$6,340$5,784$5,273$3,931
10 years$6,772$6,122$5,527$4,985$4,493$3,224
11 years$6,094$5,450$4,866$4,339$3,864$2,666
12 years$5,529$4,891$4,318$3,806$3,349$2,220
13 years$5,051$4,420$3,858$3,360$2,920$1,858
14 years$4,642$4,018$3,467$2,983$2,560$1,562
15 years$4,288$3,670$3,130$2,660$2,254$1,317
16 years$3,978$3,368$2,838$2,382$1,992$1,115
17 years$3,706$3,101$2,582$2,140$1,766$945
18 years$3,463$2,866$2,357$1,928$1,570$804
19 years$3,247$2,656$2,158$1,743$1,400$684
20 years$3,052$2,468$1,980$1,578$1,250$583
21 years$2,876$2,299$1,822$1,432$1,119$498
22 years$2,716$2,146$1,679$1,302$1,003$426
23 years$2,571$2,007$1,550$1,186$900$364
24 years$2,438$1,881$1,434$1,082$809$312
25 years$2,315$1,765$1,328$988$728$267
26 years$2,202$1,659$1,231$903$656$229
27 years$2,098$1,561$1,144$827$591$196
28 years$2,001$1,471$1,063$758$534$168
29 years$1,912$1,388$989$695$482$144
30 years$1,828$1,310$921$638$435$124
31 years$1,750$1,239$859$586$394$106
32 years$1,677$1,172$802$538$356$91
33 years$1,608$1,110$748$495$322$78
34 years$1,544$1,052$699$455$292$67
35 years$1,483$998$654$419$264$58
36 years$1,426$947$612$386$239$50
37 years$1,372$900$572$356$217$43
38 years$1,322$855$536$328$197$37
39 years$1,273$813$502$302$178$32
40 years$1,228$773$471$279$162$27
41 years$1,184$736$441$257$147$23
42 years$1,143$701$414$237$133$20
43 years$1,104$668$389$219$121$17
44 years$1,067$637$365$202$110$15
45 years$1,031$607$342$187$100$13
46 years$998$579$322$173$90$11
47 years$965$553$302$159$82$9
48 years$935$528$284$147$75$8
49 years$905$504$267$136$68$7
50 years$877$481$251$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $898,000, adding $3,971 every year, while hoping to spend $23,962 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: 34/43/23 Blend
52$898,000$898,000$898,000$898,000
53$993,692$946,098$932,179$1,020,397
54$1,069,553$966,962$937,912$1,061,472
55$1,152,349$988,044$943,033$1,103,272
56$1,242,762$1,009,331$947,498$1,147,864
57$1,341,542$1,030,807$951,258$1,195,510
58$1,449,517$1,052,454$954,262$1,246,500
59$1,567,596$1,074,252$956,458$1,301,154
60$1,696,781$1,096,181$957,789$1,359,824
61$1,838,175$1,118,217$958,198$1,422,900
62$1,992,994$1,140,334$957,623$1,490,811
63$2,162,575$1,162,506$955,999$1,564,030
64$2,348,392$1,184,703$953,259$1,643,080
65$2,552,067$1,206,893$949,332$1,728,538
66$2,775,387$1,229,040$944,144$1,821,040
67$3,020,320$1,251,107$937,617$1,921,288
68$3,289,035$1,273,053$929,669$2,030,056
69$3,583,919$1,294,835$920,216$2,148,200
70$3,907,603$1,316,406$909,167$2,276,662
71$4,262,982$1,337,714$896,428$2,416,483
72$4,653,251$1,358,706$881,902$2,568,811
73$5,081,922$1,379,323$865,486$2,734,913
74$5,552,871$1,399,502$847,073$2,916,185
75$6,070,363$1,419,177$826,549$3,114,170
76$6,639,099$1,438,276$803,797$3,330,568
77$7,264,257$1,456,721$778,695$3,567,256
78$7,951,543$1,474,432$751,112$3,826,304
79$8,707,240$1,491,319$720,915$4,109,996
80$9,538,275$1,507,291$687,962$4,420,850
81$10,452,277$1,522,246$652,107$4,761,645
82$11,457,652$1,536,078$613,195$5,135,447
83$12,563,661$1,548,675$571,065$5,545,635
84$13,780,509$1,559,914$525,550$5,995,940
85$15,119,439$1,569,668$476,474$6,490,473
86$16,592,840$1,577,799$423,654$7,033,773
87$18,214,361$1,584,163$366,897$7,630,840
88$19,999,042$1,588,603$306,005$8,287,195
89$21,963,455$1,590,955$240,767$9,008,921
90$24,125,860$1,591,045$170,965$9,802,730
91$26,506,378$1,588,686$96,373$10,676,023
92$29,127,178$1,583,682$16,751$11,636,962
93$32,012,691$1,575,822$0$12,694,545
94$35,189,833$1,564,886$0$13,875,439
95$38,688,268$1,550,637$0$15,179,322
96$42,540,678$1,532,825$0$16,614,210
97$46,783,080$1,511,187$0$18,193,477
98$51,455,160$1,485,440$0$19,931,867
99$56,600,648$1,455,288$0$21,845,631
100$62,267,733$1,420,417$0$23,952,680