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%18.8%
1 years$74,239$73,577$72,932$72,302$71,688$69,144
2 years$36,752$36,067$35,404$34,761$34,137$31,601
3 years$24,258$23,570$22,909$22,272$21,658$19,210
4 years$18,012$17,327$16,672$16,045$15,447$13,105
5 years$14,266$13,584$12,938$12,324$11,742$9,514
6 years$11,769$11,093$10,456$9,856$9,291$7,177
7 years$9,986$9,316$8,689$8,103$7,556$5,556
8 years$8,650$7,985$7,369$6,797$6,269$4,380
9 years$7,611$6,953$6,347$5,790$5,279$3,500
10 years$6,780$6,128$5,533$4,991$4,498$2,826
11 years$6,101$5,456$4,871$4,344$3,868$2,300
12 years$5,535$4,897$4,323$3,810$3,352$1,883
13 years$5,057$4,425$3,862$3,364$2,923$1,550
14 years$4,647$4,022$3,470$2,986$2,563$1,280
15 years$4,293$3,675$3,133$2,663$2,256$1,061
16 years$3,983$3,371$2,841$2,384$1,994$882
17 years$3,710$3,105$2,585$2,142$1,768$734
18 years$3,467$2,869$2,360$1,931$1,572$613
19 years$3,250$2,659$2,160$1,744$1,401$512
20 years$3,055$2,471$1,983$1,580$1,252$428
21 years$2,879$2,302$1,824$1,434$1,120$359
22 years$2,719$2,148$1,681$1,304$1,004$301
23 years$2,574$2,009$1,552$1,187$901$252
24 years$2,440$1,883$1,435$1,083$810$212
25 years$2,318$1,767$1,329$989$729$178
26 years$2,205$1,660$1,233$904$657$149
27 years$2,100$1,563$1,145$828$592$125
28 years$2,004$1,473$1,064$758$534$105
29 years$1,914$1,389$990$695$482$89
30 years$1,830$1,312$923$638$436$74
31 years$1,752$1,240$860$586$394$63
32 years$1,679$1,173$802$539$356$53
33 years$1,610$1,111$749$495$323$44
34 years$1,546$1,053$700$456$292$37
35 years$1,485$999$654$420$265$31
36 years$1,428$948$612$386$240$26
37 years$1,374$901$573$356$217$22
38 years$1,323$856$537$328$197$19
39 years$1,275$814$503$303$179$16
40 years$1,229$774$471$279$162$13
41 years$1,186$737$442$258$147$11
42 years$1,145$702$415$238$133$9
43 years$1,105$669$389$219$121$8
44 years$1,068$638$365$203$110$7
45 years$1,033$608$343$187$100$6
46 years$999$580$322$173$91$5
47 years$966$553$302$160$82$4
48 years$936$528$284$148$75$3
49 years$906$505$267$136$68$3
50 years$878$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $899,000, adding $4,343 every year, while hoping to spend $56,771 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: 65/7/28 Blend
52$899,000$899,000$899,000$899,000
53$995,178$947,531$933,596$1,052,233
54$1,036,282$933,556$904,468$1,077,353
55$1,079,676$916,994$872,461$1,098,109
56$1,125,534$897,657$837,419$1,119,552
57$1,174,045$875,348$799,179$1,141,756
58$1,225,415$849,858$757,569$1,164,805
59$1,279,871$820,965$712,412$1,188,793
60$1,337,660$788,435$663,520$1,213,826
61$1,399,052$752,018$610,698$1,240,022
62$1,464,341$711,453$553,742$1,267,516
63$1,533,852$666,462$492,440$1,296,456
64$1,607,937$616,751$426,569$1,327,010
65$1,686,984$562,009$355,897$1,359,366
66$1,771,418$501,909$280,181$1,393,733
67$1,861,703$436,103$199,168$1,430,347
68$1,958,350$364,226$112,593$1,469,470
69$2,061,917$285,888$20,180$1,511,393
70$2,173,019$200,683$0$1,556,443
71$2,292,328$108,177$0$1,628,419
72$2,420,582$7,915$0$1,712,247
73$2,558,593$0$0$1,802,439
74$2,707,252$0$0$1,907,340
75$2,867,535$0$0$2,021,147
76$3,040,518$0$0$2,144,020
77$3,227,381$0$0$2,276,802
78$3,429,421$0$0$2,420,421
79$3,648,064$0$0$2,575,899
80$3,884,877$0$0$2,744,355
81$4,141,583$0$0$2,927,025
82$4,420,077$0$0$3,125,263
83$4,722,443$0$0$3,340,562
84$5,050,973$0$0$3,574,561
85$5,408,189$0$0$3,829,066
86$5,796,865$0$0$4,106,063
87$6,220,052$0$0$4,407,735
88$6,681,109$0$0$4,736,488
89$7,183,733$0$0$5,094,968
90$7,731,990$0$0$5,486,087
91$8,330,358$0$0$5,913,049
92$8,983,766$0$0$6,379,384
93$9,697,638$0$0$6,888,977
94$10,477,947$0$0$7,446,103
95$11,331,269$0$0$8,055,471
96$12,264,844$0$0$8,722,265
97$13,286,644$0$0$9,452,195
98$14,405,446$0$0$10,251,545
99$15,630,920$0$0$11,127,238
100$16,973,709$0$0$12,086,899