Can I retire at age 53 with 878,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$72,504$71,859$71,228$70,613$70,013$68,017
2 years$35,893$35,225$34,577$33,949$33,340$31,344
3 years$23,691$23,020$22,374$21,751$21,152$19,220
4 years$17,591$16,922$16,282$15,671$15,086$13,232
5 years$13,932$13,267$12,636$12,037$11,468$9,697
6 years$11,494$10,834$10,212$9,626$9,074$7,388
7 years$9,753$9,098$8,486$7,914$7,380$5,778
8 years$8,447$7,799$7,197$6,639$6,122$4,604
9 years$7,433$6,790$6,198$5,655$5,156$3,720
10 years$6,622$5,985$5,404$4,874$4,393$3,037
11 years$5,958$5,328$4,758$4,242$3,778$2,501
12 years$5,406$4,782$4,222$3,721$3,274$2,072
13 years$4,939$4,322$3,772$3,285$2,855$1,726
14 years$4,539$3,928$3,389$2,916$2,503$1,444
15 years$4,193$3,589$3,060$2,601$2,204$1,212
16 years$3,890$3,293$2,775$2,329$1,948$1,021
17 years$3,623$3,032$2,525$2,092$1,727$861
18 years$3,386$2,802$2,305$1,886$1,535$728
19 years$3,174$2,597$2,110$1,704$1,369$617
20 years$2,984$2,413$1,936$1,543$1,222$523
21 years$2,812$2,248$1,781$1,400$1,094$444
22 years$2,656$2,098$1,642$1,273$981$378
23 years$2,514$1,962$1,516$1,160$880$321
24 years$2,383$1,839$1,402$1,058$791$273
25 years$2,264$1,725$1,298$966$712$233
26 years$2,153$1,622$1,204$883$641$198
27 years$2,051$1,526$1,118$808$578$169
28 years$1,957$1,438$1,039$741$522$144
29 years$1,869$1,357$967$679$471$123
30 years$1,787$1,281$901$623$426$105
31 years$1,711$1,211$840$572$385$90
32 years$1,639$1,146$784$526$348$77
33 years$1,572$1,085$732$484$315$65
34 years$1,509$1,029$684$445$285$56
35 years$1,450$976$639$410$258$48
36 years$1,394$926$598$377$234$41
37 years$1,342$880$560$348$212$35
38 years$1,292$836$524$321$192$30
39 years$1,245$795$491$296$174$25
40 years$1,200$756$460$273$158$22
41 years$1,158$720$432$251$144$19
42 years$1,118$686$405$232$130$16
43 years$1,080$653$380$214$118$14
44 years$1,043$623$357$198$107$12
45 years$1,009$594$335$183$97$10
46 years$975$566$314$169$88$8
47 years$944$541$295$156$80$7
48 years$914$516$278$144$73$6
49 years$885$493$261$133$66$5
50 years$857$471$245$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $878,000, adding $6,609 every year, while hoping to spend $48,115 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: 76/19/5 Blend
52$878,000$878,000$878,000$878,000
53$974,373$927,839$914,230$1,047,624
54$1,022,565$922,109$893,663$1,090,915
55$1,074,060$914,486$870,794$1,131,485
56$1,129,144$904,826$845,496$1,174,534
57$1,188,131$892,977$817,634$1,220,287
58$1,251,365$878,777$787,069$1,268,993
59$1,319,223$862,056$753,655$1,320,928
60$1,392,119$842,632$717,238$1,376,394
61$1,470,509$820,314$677,658$1,435,725
62$1,554,890$794,899$634,749$1,499,291
63$1,645,812$766,172$588,336$1,567,498
64$1,743,876$733,905$538,237$1,640,797
65$1,849,743$697,859$484,260$1,719,684
66$1,964,141$657,778$426,206$1,804,707
67$2,087,867$613,393$363,868$1,896,470
68$2,221,800$564,420$297,028$1,995,640
69$2,366,905$510,558$225,460$2,102,955
70$2,524,243$451,488$148,926$2,219,228
71$2,694,981$386,876$67,180$2,345,356
72$2,880,401$316,365$0$2,482,331
73$3,081,916$239,582$0$2,632,317
74$3,301,079$156,128$0$2,799,344
75$3,539,598$65,587$0$2,981,173
76$3,799,353$0$0$3,179,290
77$4,082,412$0$0$3,402,127
78$4,391,052$0$0$3,660,084
79$4,727,779$0$0$3,941,548
80$5,095,351$0$0$4,248,828
81$5,496,803$0$0$4,584,465
82$5,935,478$0$0$4,951,259
83$6,415,054$0$0$5,352,289
84$6,939,583$0$0$5,790,949
85$7,513,525$0$0$6,270,973
86$8,141,792$0$0$6,796,473
87$8,829,791$0$0$7,371,979
88$9,583,479$0$0$8,002,479
89$10,409,414$0$0$8,693,464
90$11,314,819$0$0$9,450,983
91$12,307,651$0$0$10,281,699
92$13,396,671$0$0$11,192,949
93$14,591,530$0$0$12,192,817
94$15,902,860$0$0$13,290,204
95$17,342,370$0$0$14,494,916
96$18,922,959$0$0$15,817,756
97$20,658,835$0$0$17,270,623
98$22,565,652$0$0$18,866,626
99$24,660,651$0$0$20,620,204
100$26,962,829$0$0$22,547,267