Can I retire at age 53 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$65,898$65,311$64,738$64,179$63,634$62,247
2 years$32,623$32,015$31,426$30,856$30,302$28,912
3 years$21,533$20,922$20,335$19,769$19,225$17,875
4 years$15,988$15,380$14,799$14,243$13,711$12,412
5 years$12,663$12,058$11,484$10,940$10,423$9,178
6 years$10,447$9,846$9,281$8,749$8,247$7,057
7 years$8,864$8,269$7,713$7,193$6,707$5,573
8 years$7,678$7,088$6,541$6,034$5,564$4,485
9 years$6,756$6,171$5,634$5,139$4,686$3,661
10 years$6,018$5,440$4,912$4,430$3,993$3,021
11 years$5,415$4,843$4,324$3,856$3,434$2,514
12 years$4,913$4,347$3,838$3,382$2,976$2,107
13 years$4,489$3,928$3,429$2,986$2,595$1,775
14 years$4,125$3,570$3,081$2,650$2,275$1,503
15 years$3,811$3,262$2,781$2,364$2,003$1,276
16 years$3,535$2,993$2,522$2,116$1,770$1,088
17 years$3,293$2,756$2,295$1,902$1,569$929
18 years$3,078$2,547$2,095$1,714$1,395$796
19 years$2,885$2,360$1,918$1,548$1,244$683
20 years$2,712$2,193$1,760$1,402$1,111$586
21 years$2,556$2,043$1,619$1,273$994$504
22 years$2,414$1,907$1,492$1,157$891$434
23 years$2,285$1,784$1,378$1,054$800$375
24 years$2,166$1,671$1,274$961$719$323
25 years$2,057$1,568$1,180$878$647$279
26 years$1,957$1,474$1,094$803$583$241
27 years$1,864$1,387$1,016$735$525$208
28 years$1,779$1,307$945$673$474$180
29 years$1,699$1,233$879$617$428$156
30 years$1,624$1,165$819$567$387$135
31 years$1,555$1,101$763$520$350$117
32 years$1,490$1,042$712$478$316$101
33 years$1,429$986$665$440$286$88
34 years$1,372$935$621$405$259$76
35 years$1,318$887$581$372$235$66
36 years$1,267$842$543$343$213$57
37 years$1,220$799$509$316$193$49
38 years$1,174$760$476$291$175$43
39 years$1,132$722$446$269$159$37
40 years$1,091$687$418$248$144$32
41 years$1,053$654$392$229$130$28
42 years$1,016$623$368$211$118$24
43 years$981$594$345$195$107$21
44 years$948$566$324$180$98$18
45 years$917$540$304$166$89$16
46 years$887$515$286$153$80$14
47 years$858$491$269$142$73$12
48 years$830$469$252$131$66$10
49 years$804$448$237$121$60$9
50 years$779$428$223$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $798,000, adding $3,062 every year, while hoping to spend $28,605 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: 67/19/14 Blend
52$798,000$798,000$798,000$798,000
53$882,554$840,260$827,891$938,625
54$942,140$850,998$825,190$987,134
55$1,006,844$861,302$821,440$1,036,498
56$1,077,158$871,123$816,575$1,089,749
57$1,153,625$880,405$810,527$1,147,267
58$1,236,840$889,089$803,224$1,209,468
59$1,327,457$897,114$794,592$1,276,814
60$1,426,197$904,412$784,550$1,349,812
61$1,533,854$910,913$773,018$1,429,022
62$1,651,301$916,542$759,907$1,515,060
63$1,779,499$921,217$745,129$1,608,609
64$1,919,505$924,855$728,589$1,710,417
65$2,072,485$927,363$710,187$1,821,313
66$2,239,720$928,646$689,820$1,942,209
67$2,422,622$928,600$667,380$2,074,112
68$2,622,746$927,117$642,753$2,218,131
69$2,841,802$924,082$615,821$2,375,489
70$3,081,675$919,372$586,461$2,547,535
71$3,344,441$912,856$554,542$2,735,758
72$3,632,384$904,396$519,929$2,941,798
73$3,948,023$893,846$482,482$3,167,463
74$4,294,128$881,052$442,052$3,414,749
75$4,673,753$865,847$398,485$3,685,854
76$5,090,260$848,059$351,619$3,983,203
77$5,547,355$827,502$301,287$4,309,471
78$6,049,118$803,981$247,312$4,667,606
79$6,600,041$777,290$189,510$5,060,858
80$7,205,077$747,210$127,691$5,492,812
81$7,869,680$713,508$61,653$5,967,419
82$8,599,857$675,939$0$6,489,037
83$9,402,228$634,245$0$7,063,788
84$10,284,083$588,152$0$7,705,563
85$11,253,457$537,369$0$8,411,018
86$12,319,200$481,590$0$9,186,624
87$13,491,062$420,491$0$10,039,518
88$14,779,786$353,731$0$10,977,562
89$16,197,208$280,947$0$12,009,423
90$17,756,368$201,759$0$13,144,654
91$19,471,635$115,762$0$14,393,781
92$21,358,838$22,531$0$15,768,408
93$23,435,421$0$0$17,281,325
94$25,720,601$0$0$18,963,013
95$28,235,555$0$0$20,819,037
96$31,003,615$0$0$22,861,912
97$34,050,490$0$0$25,110,619
98$37,404,509$0$0$27,586,073
99$41,096,885$0$0$30,311,320
100$45,162,012$0$0$33,311,753