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%14.8%
1 years$74,156$73,495$72,851$72,222$71,608$70,191
2 years$36,711$36,027$35,365$34,722$34,099$32,677
3 years$24,231$23,544$22,883$22,247$21,634$20,252
4 years$17,992$17,307$16,653$16,028$15,429$14,098
5 years$14,250$13,569$12,924$12,311$11,729$10,452
6 years$11,756$11,080$10,444$9,845$9,281$8,059
7 years$9,975$9,305$8,679$8,094$7,548$6,382
8 years$8,640$7,976$7,361$6,790$6,262$5,151
9 years$7,602$6,945$6,340$5,784$5,273$4,217
10 years$6,772$6,122$5,527$4,985$4,493$3,491
11 years$6,094$5,450$4,866$4,339$3,864$2,915
12 years$5,529$4,891$4,318$3,806$3,349$2,450
13 years$5,051$4,420$3,858$3,360$2,920$2,071
14 years$4,642$4,018$3,467$2,983$2,560$1,759
15 years$4,288$3,670$3,130$2,660$2,254$1,500
16 years$3,978$3,368$2,838$2,382$1,992$1,282
17 years$3,706$3,101$2,582$2,140$1,766$1,100
18 years$3,463$2,866$2,357$1,928$1,570$945
19 years$3,247$2,656$2,158$1,743$1,400$814
20 years$3,052$2,468$1,980$1,578$1,250$702
21 years$2,876$2,299$1,822$1,432$1,119$606
22 years$2,716$2,146$1,679$1,302$1,003$524
23 years$2,571$2,007$1,550$1,186$900$453
24 years$2,438$1,881$1,434$1,082$809$393
25 years$2,315$1,765$1,328$988$728$340
26 years$2,202$1,659$1,231$903$656$295
27 years$2,098$1,561$1,144$827$591$256
28 years$2,001$1,471$1,063$758$534$223
29 years$1,912$1,388$989$695$482$193
30 years$1,828$1,310$921$638$435$168
31 years$1,750$1,239$859$586$394$146
32 years$1,677$1,172$802$538$356$127
33 years$1,608$1,110$748$495$322$110
34 years$1,544$1,052$699$455$292$96
35 years$1,483$998$654$419$264$84
36 years$1,426$947$612$386$239$73
37 years$1,372$900$572$356$217$63
38 years$1,322$855$536$328$197$55
39 years$1,273$813$502$302$178$48
40 years$1,228$773$471$279$162$42
41 years$1,184$736$441$257$147$36
42 years$1,143$701$414$237$133$32
43 years$1,104$668$389$219$121$28
44 years$1,067$637$365$202$110$24
45 years$1,031$607$342$187$100$21
46 years$998$579$322$173$90$18
47 years$965$553$302$159$82$16
48 years$935$528$284$147$75$14
49 years$905$504$267$136$68$12
50 years$877$481$251$126$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $898,000, adding $3,353 every year, while hoping to spend $42,702 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: 24/49/27 Blend
52$898,000$898,000$898,000$898,000
53$993,055$945,461$931,542$1,008,362
54$1,048,912$946,354$917,314$1,022,437
55$1,109,035$945,859$901,178$1,033,664
56$1,173,814$943,864$883,025$1,044,791
57$1,243,679$940,249$862,742$1,055,838
58$1,319,098$934,885$840,208$1,066,831
59$1,400,590$927,639$815,299$1,077,802
60$1,488,724$918,366$787,885$1,088,791
61$1,584,122$906,915$757,828$1,099,848
62$1,687,474$893,125$724,986$1,111,032
63$1,799,533$876,825$689,210$1,122,413
64$1,921,130$857,834$650,343$1,134,075
65$2,053,178$835,960$608,222$1,146,115
66$2,196,682$811,002$562,678$1,158,647
67$2,352,747$782,745$513,531$1,171,804
68$2,522,589$750,961$460,596$1,185,738
69$2,707,545$715,410$403,678$1,200,626
70$2,909,088$675,839$342,574$1,216,671
71$3,128,837$631,977$277,073$1,234,102
72$3,368,576$583,542$206,953$1,253,185
73$3,630,268$530,232$131,982$1,274,219
74$3,916,072$471,730$51,920$1,297,546
75$4,228,366$407,700$0$1,323,551
76$4,569,770$337,788$0$1,362,328
77$4,943,166$261,618$0$1,421,304
78$5,351,726$178,796$0$1,486,142
79$5,798,948$88,902$0$1,557,549
80$6,288,678$0$0$1,636,317
81$6,825,156$0$0$1,727,911
82$7,413,047$0$0$1,880,965
83$8,057,493$0$0$2,048,899
84$8,764,155$0$0$2,233,210
85$9,539,267$0$0$2,435,542
86$10,389,697$0$0$2,657,711
87$11,323,010$0$0$2,901,713
88$12,347,538$0$0$3,169,751
89$13,472,460$0$0$3,464,249
90$14,707,886$0$0$3,787,877
91$16,064,954$0$0$4,143,580
92$17,555,935$0$0$4,534,598
93$19,194,345$0$0$4,964,504
94$20,995,075$0$0$5,437,233
95$22,974,532$0$0$5,957,120
96$25,150,789$0$0$6,528,942
97$27,543,759$0$0$7,157,962
98$30,175,381$0$0$7,849,979
99$33,069,826$0$0$8,611,381
100$36,253,727$0$0$9,449,209