Can I retire at age 53 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$74,239$73,577$72,932$72,302$71,688$70,442
2 years$36,752$36,067$35,404$34,761$34,137$32,886
3 years$24,258$23,570$22,909$22,272$21,658$20,441
4 years$18,012$17,327$16,672$16,045$15,447$14,272
5 years$14,266$13,584$12,938$12,324$11,742$10,615
6 years$11,769$11,093$10,456$9,856$9,291$8,211
7 years$9,986$9,316$8,689$8,103$7,556$6,524
8 years$8,650$7,985$7,369$6,797$6,269$5,284
9 years$7,611$6,953$6,347$5,790$5,279$4,342
10 years$6,780$6,128$5,533$4,991$4,498$3,607
11 years$6,101$5,456$4,871$4,344$3,868$3,023
12 years$5,535$4,897$4,323$3,810$3,352$2,552
13 years$5,057$4,425$3,862$3,364$2,923$2,166
14 years$4,647$4,022$3,470$2,986$2,563$1,847
15 years$4,293$3,675$3,133$2,663$2,256$1,581
16 years$3,983$3,371$2,841$2,384$1,994$1,357
17 years$3,710$3,105$2,585$2,142$1,768$1,169
18 years$3,467$2,869$2,360$1,931$1,572$1,009
19 years$3,250$2,659$2,160$1,744$1,401$873
20 years$3,055$2,471$1,983$1,580$1,252$756
21 years$2,879$2,302$1,824$1,434$1,120$656
22 years$2,719$2,148$1,681$1,304$1,004$570
23 years$2,574$2,009$1,552$1,187$901$495
24 years$2,440$1,883$1,435$1,083$810$431
25 years$2,318$1,767$1,329$989$729$375
26 years$2,205$1,660$1,233$904$657$327
27 years$2,100$1,563$1,145$828$592$285
28 years$2,004$1,473$1,064$758$534$249
29 years$1,914$1,389$990$695$482$217
30 years$1,830$1,312$923$638$436$190
31 years$1,752$1,240$860$586$394$166
32 years$1,679$1,173$802$539$356$145
33 years$1,610$1,111$749$495$323$127
34 years$1,546$1,053$700$456$292$111
35 years$1,485$999$654$420$265$97
36 years$1,428$948$612$386$240$85
37 years$1,374$901$573$356$217$74
38 years$1,323$856$537$328$197$65
39 years$1,275$814$503$303$179$57
40 years$1,229$774$471$279$162$50
41 years$1,186$737$442$258$147$43
42 years$1,145$702$415$238$133$38
43 years$1,105$669$389$219$121$33
44 years$1,068$638$365$203$110$29
45 years$1,033$608$343$187$100$25
46 years$999$580$322$173$91$22
47 years$966$553$302$160$82$20
48 years$936$528$284$148$75$17
49 years$906$505$267$136$68$15
50 years$878$482$251$126$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $899,000, adding $3,539 every year, while hoping to spend $50,954 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: 44/37/19 Blend
52$899,000$899,000$899,000$899,000
53$994,348$946,701$932,767$1,032,492
54$1,041,557$938,875$909,800$1,051,850
55$1,091,874$928,958$884,356$1,067,520
56$1,145,561$916,793$856,298$1,083,443
57$1,202,907$902,214$825,483$1,099,666
58$1,264,228$885,048$791,761$1,116,245
59$1,329,871$865,106$754,977$1,133,245
60$1,400,215$842,194$714,965$1,150,741
61$1,475,677$816,101$671,557$1,168,823
62$1,556,714$786,609$624,572$1,187,590
63$1,643,829$753,482$573,825$1,207,160
64$1,737,571$716,475$519,120$1,227,665
65$1,838,547$675,325$460,254$1,249,257
66$1,947,420$629,757$397,014$1,272,109
67$2,064,920$579,479$329,177$1,296,419
68$2,191,850$524,181$256,512$1,322,410
69$2,329,089$463,537$178,776$1,350,336
70$2,477,609$397,202$95,717$1,380,482
71$2,638,472$324,812$7,071$1,413,172
72$2,812,849$245,981$0$1,448,770
73$3,002,029$160,303$0$1,505,431
74$3,207,426$67,349$0$1,568,555
75$3,430,599$0$0$1,637,285
76$3,673,259$0$0$1,725,838
77$3,937,293$0$0$1,852,122
78$4,224,772$0$0$1,989,720
79$4,537,980$0$0$2,139,736
80$4,879,426$0$0$2,303,386
81$5,251,875$0$0$2,482,009
82$5,658,369$0$0$2,677,077
83$6,102,255$0$0$2,890,212
84$6,587,219$0$0$3,123,200
85$7,117,320$0$0$3,378,004
86$7,697,024$0$0$3,656,790
87$8,331,251$0$0$3,961,941
88$9,025,417$0$0$4,296,080
89$9,785,485$0$0$4,662,097
90$10,618,024$0$0$5,063,174
91$11,530,267$0$0$5,502,815
92$12,530,177$0$0$5,984,880
93$13,626,530$0$0$6,513,621
94$14,828,985$0$0$7,093,719
95$16,148,187$0$0$7,730,332
96$17,595,856$0$0$8,429,140
97$19,184,906$0$0$9,196,402
98$20,929,557$0$0$10,039,011
99$22,845,479$0$0$10,964,560
100$24,949,930$0$0$11,981,414