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%11%
1 years$72,504$71,859$71,228$70,613$70,013$69,718
2 years$35,893$35,225$34,577$33,949$33,340$33,042
3 years$23,691$23,020$22,374$21,751$21,152$20,861
4 years$17,591$16,922$16,282$15,671$15,086$14,803
5 years$13,932$13,267$12,636$12,037$11,468$11,195
6 years$11,494$10,834$10,212$9,626$9,074$8,811
7 years$9,753$9,098$8,486$7,914$7,380$7,126
8 years$8,447$7,799$7,197$6,639$6,122$5,879
9 years$7,433$6,790$6,198$5,655$5,156$4,922
10 years$6,622$5,985$5,404$4,874$4,393$4,169
11 years$5,958$5,328$4,758$4,242$3,778$3,564
12 years$5,406$4,782$4,222$3,721$3,274$3,069
13 years$4,939$4,322$3,772$3,285$2,855$2,660
14 years$4,539$3,928$3,389$2,916$2,503$2,317
15 years$4,193$3,589$3,060$2,601$2,204$2,026
16 years$3,890$3,293$2,775$2,329$1,948$1,779
17 years$3,623$3,032$2,525$2,092$1,727$1,567
18 years$3,386$2,802$2,305$1,886$1,535$1,383
19 years$3,174$2,597$2,110$1,704$1,369$1,224
20 years$2,984$2,413$1,936$1,543$1,222$1,086
21 years$2,812$2,248$1,781$1,400$1,094$965
22 years$2,656$2,098$1,642$1,273$981$858
23 years$2,514$1,962$1,516$1,160$880$765
24 years$2,383$1,839$1,402$1,058$791$682
25 years$2,264$1,725$1,298$966$712$609
26 years$2,153$1,622$1,204$883$641$545
27 years$2,051$1,526$1,118$808$578$487
28 years$1,957$1,438$1,039$741$522$436
29 years$1,869$1,357$967$679$471$391
30 years$1,787$1,281$901$623$426$350
31 years$1,711$1,211$840$572$385$314
32 years$1,639$1,146$784$526$348$282
33 years$1,572$1,085$732$484$315$253
34 years$1,509$1,029$684$445$285$227
35 years$1,450$976$639$410$258$204
36 years$1,394$926$598$377$234$183
37 years$1,342$880$560$348$212$165
38 years$1,292$836$524$321$192$148
39 years$1,245$795$491$296$174$133
40 years$1,200$756$460$273$158$120
41 years$1,158$720$432$251$144$108
42 years$1,118$686$405$232$130$97
43 years$1,080$653$380$214$118$87
44 years$1,043$623$357$198$107$79
45 years$1,009$594$335$183$97$71
46 years$975$566$314$169$88$64
47 years$944$541$295$156$80$57
48 years$914$516$278$144$73$52
49 years$885$493$261$133$66$46
50 years$857$471$245$123$60$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $878,000, adding $4,821 every year, while hoping to spend $22,957 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: 62/27/11 Blend
52$878,000$878,000$878,000$878,000
53$972,529$925,995$912,386$1,030,066
54$1,047,301$946,943$918,525$1,090,141
55$1,128,930$968,147$924,100$1,152,614
56$1,218,092$989,597$929,068$1,220,237
57$1,315,529$1,011,280$933,384$1,293,507
58$1,422,061$1,033,180$937,000$1,372,976
59$1,538,588$1,055,283$939,866$1,459,247
60$1,666,102$1,077,570$941,930$1,552,989
61$1,805,696$1,100,022$943,136$1,654,936
62$1,958,572$1,122,619$943,427$1,765,897
63$2,126,056$1,145,336$942,741$1,886,764
64$2,309,606$1,168,150$941,015$2,018,519
65$2,510,829$1,191,032$938,182$2,162,246
66$2,731,494$1,213,954$934,172$2,319,136
67$2,973,551$1,236,882$928,911$2,490,504
68$3,239,146$1,259,782$922,322$2,677,799
69$3,530,644$1,282,617$914,325$2,882,615
70$3,850,650$1,305,345$904,835$3,106,713
71$4,202,032$1,327,923$893,763$3,352,028
72$4,587,952$1,350,304$881,017$3,620,699
73$5,011,891$1,372,436$866,499$3,915,077
74$5,477,685$1,394,267$850,108$4,237,756
75$5,989,559$1,415,736$831,736$4,591,596
76$6,552,168$1,436,782$811,274$4,979,746
77$7,170,641$1,457,336$788,604$5,405,678
78$7,850,629$1,477,328$763,604$5,873,219
79$8,598,355$1,496,679$736,147$6,386,585
80$9,420,679$1,515,308$706,100$6,950,424
81$10,325,157$1,533,126$673,322$7,569,857
82$11,320,114$1,550,040$637,669$8,250,532
83$12,414,722$1,565,949$598,989$8,998,667
84$13,619,090$1,580,747$557,120$9,821,122
85$14,944,352$1,594,318$511,899$10,725,454
86$16,402,778$1,606,542$463,150$11,719,990
87$18,007,888$1,617,289$410,692$12,813,912
88$19,774,578$1,626,422$354,336$14,017,337
89$21,719,262$1,633,794$293,883$15,341,415
90$23,860,026$1,639,248$229,127$16,798,436
91$26,216,797$1,642,620$159,852$18,401,945
92$28,811,536$1,643,734$85,831$20,166,868
93$31,668,437$1,642,401$6,831$22,109,659
94$34,814,163$1,638,424$0$24,248,450
95$38,278,093$1,631,592$0$26,612,319
96$42,092,599$1,621,681$0$29,215,643
97$46,293,355$1,608,454$0$32,081,926
98$50,919,668$1,591,659$0$35,237,954
99$56,014,853$1,571,030$0$38,713,244
100$61,626,640$1,546,283$0$42,540,329