Can I retire at age 53 with 878,000?

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 $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%12.3%
1 years$72,504$71,859$71,228$70,613$70,013$69,340
2 years$35,893$35,225$34,577$33,949$33,340$32,661
3 years$23,691$23,020$22,374$21,751$21,152$20,490
4 years$17,591$16,922$16,282$15,671$15,086$14,445
5 years$13,932$13,267$12,636$12,037$11,468$10,850
6 years$11,494$10,834$10,212$9,626$9,074$8,480
7 years$9,753$9,098$8,486$7,914$7,380$6,810
8 years$8,447$7,799$7,197$6,639$6,122$5,576
9 years$7,433$6,790$6,198$5,655$5,156$4,634
10 years$6,622$5,985$5,404$4,874$4,393$3,894
11 years$5,958$5,328$4,758$4,242$3,778$3,303
12 years$5,406$4,782$4,222$3,721$3,274$2,821
13 years$4,939$4,322$3,772$3,285$2,855$2,424
14 years$4,539$3,928$3,389$2,916$2,503$2,094
15 years$4,193$3,589$3,060$2,601$2,204$1,816
16 years$3,890$3,293$2,775$2,329$1,948$1,580
17 years$3,623$3,032$2,525$2,092$1,727$1,379
18 years$3,386$2,802$2,305$1,886$1,535$1,206
19 years$3,174$2,597$2,110$1,704$1,369$1,058
20 years$2,984$2,413$1,936$1,543$1,222$929
21 years$2,812$2,248$1,781$1,400$1,094$818
22 years$2,656$2,098$1,642$1,273$981$721
23 years$2,514$1,962$1,516$1,160$880$636
24 years$2,383$1,839$1,402$1,058$791$562
25 years$2,264$1,725$1,298$966$712$497
26 years$2,153$1,622$1,204$883$641$439
27 years$2,051$1,526$1,118$808$578$389
28 years$1,957$1,438$1,039$741$522$345
29 years$1,869$1,357$967$679$471$306
30 years$1,787$1,281$901$623$426$271
31 years$1,711$1,211$840$572$385$241
32 years$1,639$1,146$784$526$348$214
33 years$1,572$1,085$732$484$315$190
34 years$1,509$1,029$684$445$285$168
35 years$1,450$976$639$410$258$150
36 years$1,394$926$598$377$234$133
37 years$1,342$880$560$348$212$118
38 years$1,292$836$524$321$192$105
39 years$1,245$795$491$296$174$93
40 years$1,200$756$460$273$158$83
41 years$1,158$720$432$251$144$74
42 years$1,118$686$405$232$130$66
43 years$1,080$653$380$214$118$59
44 years$1,043$623$357$198$107$52
45 years$1,009$594$335$183$97$46
46 years$975$566$314$169$88$41
47 years$944$541$295$156$80$37
48 years$914$516$278$144$73$33
49 years$885$493$261$133$66$29
50 years$857$471$245$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $878,000, adding $5,130 every year, while hoping to spend $36,766 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: 36/41/23 Blend
52$878,000$878,000$878,000$878,000
53$972,848$926,314$912,705$1,000,959
54$1,032,959$932,584$904,161$1,028,338
55$1,097,970$937,930$894,100$1,054,116
56$1,168,341$942,266$882,430$1,081,207
57$1,244,579$945,504$869,058$1,109,751
58$1,327,240$947,549$853,886$1,139,904
59$1,416,938$948,298$836,811$1,171,842
60$1,514,347$947,645$817,725$1,205,761
61$1,620,206$945,476$796,515$1,241,879
62$1,735,332$941,669$773,063$1,280,439
63$1,860,622$936,097$747,247$1,321,713
64$1,997,063$928,623$718,937$1,366,003
65$2,145,740$919,102$687,998$1,413,645
66$2,307,849$907,382$654,289$1,465,015
67$2,484,705$893,299$617,664$1,520,530
68$2,677,757$876,682$577,967$1,580,654
69$2,888,597$857,349$535,038$1,645,902
70$3,118,981$835,106$488,709$1,716,847
71$3,370,840$809,750$438,804$1,794,127
72$3,646,302$781,063$385,139$1,878,448
73$3,947,706$748,817$327,524$1,970,596
74$4,277,633$712,770$265,756$2,071,442
75$4,638,921$672,665$199,628$2,181,952
76$5,034,697$628,231$128,922$2,303,199
77$5,468,404$579,182$53,409$2,436,372
78$5,943,834$525,216$0$2,582,787
79$6,465,165$466,011$0$2,750,576
80$7,036,995$401,229$0$2,949,107
81$7,664,393$330,513$0$3,167,116
82$8,352,938$253,485$0$3,406,653
83$9,108,778$169,746$0$3,669,986
84$9,938,684$78,875$0$3,959,620
85$10,850,117$0$0$4,278,321
86$11,851,293$0$0$4,637,977
87$12,951,265$0$0$5,072,352
88$14,160,004$0$0$5,549,815
89$15,488,498$0$0$6,074,721
90$16,948,850$0$0$6,651,871
91$18,554,394$0$0$7,286,552
92$20,319,822$0$0$7,984,590
93$22,261,319$0$0$8,752,405
94$24,396,718$0$0$9,597,069
95$26,745,668$0$0$10,526,374
96$29,329,815$0$0$11,548,906
97$32,173,013$0$0$12,674,124
98$35,301,540$0$0$13,912,453
99$38,744,354$0$0$15,275,376
100$42,533,360$0$0$16,775,549