Can I retire at age 53 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$72,587$71,940$71,310$70,694$70,093$67,312
2 years$35,934$35,265$34,616$33,987$33,377$30,610
3 years$23,718$23,046$22,399$21,776$21,176$18,510
4 years$17,611$16,941$16,301$15,688$15,103$12,557
5 years$13,948$13,282$12,650$12,050$11,481$9,063
6 years$11,507$10,846$10,223$9,637$9,085$6,796
7 years$9,764$9,108$8,495$7,923$7,388$5,228
8 years$8,457$7,808$7,205$6,646$6,129$4,095
9 years$7,441$6,798$6,206$5,661$5,162$3,250
10 years$6,629$5,992$5,410$4,880$4,398$2,606
11 years$5,965$5,334$4,763$4,247$3,782$2,105
12 years$5,412$4,788$4,227$3,725$3,278$1,711
13 years$4,945$4,327$3,777$3,289$2,858$1,398
14 years$4,544$3,933$3,393$2,919$2,506$1,146
15 years$4,197$3,593$3,064$2,604$2,206$942
16 years$3,894$3,296$2,778$2,331$1,950$777
17 years$3,627$3,036$2,528$2,095$1,729$642
18 years$3,390$2,805$2,307$1,888$1,537$531
19 years$3,178$2,600$2,112$1,706$1,370$440
20 years$2,987$2,416$1,939$1,545$1,224$365
21 years$2,815$2,250$1,783$1,402$1,095$303
22 years$2,659$2,101$1,643$1,275$982$252
23 years$2,516$1,965$1,517$1,161$881$209
24 years$2,386$1,841$1,403$1,059$792$174
25 years$2,266$1,727$1,300$967$713$145
26 years$2,156$1,624$1,205$884$642$121
27 years$2,054$1,528$1,119$809$579$100
28 years$1,959$1,440$1,041$742$522$84
29 years$1,871$1,358$968$680$472$70
30 years$1,789$1,283$902$624$426$58
31 years$1,713$1,213$841$573$385$48
32 years$1,641$1,147$785$527$348$40
33 years$1,574$1,087$733$484$315$34
34 years$1,511$1,030$684$446$286$28
35 years$1,452$977$640$410$259$23
36 years$1,396$927$599$378$234$20
37 years$1,343$881$560$348$212$16
38 years$1,294$837$525$321$193$14
39 years$1,246$796$492$296$175$11
40 years$1,202$757$461$273$158$9
41 years$1,159$721$432$252$144$8
42 years$1,119$686$405$232$130$7
43 years$1,081$654$380$214$118$5
44 years$1,044$623$357$198$107$5
45 years$1,010$594$335$183$97$4
46 years$977$567$315$169$89$3
47 years$945$541$296$156$80$3
48 years$915$517$278$144$73$2
49 years$886$493$261$133$66$2
50 years$858$471$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $879,000, adding $3,992 every year, while hoping to spend $36,925 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: 51/37/12 Blend
52$879,000$879,000$879,000$879,000
53$972,776$926,189$912,564$1,019,072
54$1,032,711$932,284$903,847$1,057,261
55$1,097,522$937,441$893,601$1,094,508
56$1,167,667$941,573$881,734$1,134,158
57$1,243,650$944,591$868,154$1,176,447
58$1,326,026$946,399$852,760$1,221,637
59$1,415,402$946,895$835,449$1,270,018
60$1,512,450$945,969$816,113$1,321,911
61$1,617,906$943,508$794,639$1,377,671
62$1,732,581$939,388$770,908$1,437,693
63$1,857,367$933,481$744,796$1,502,411
64$1,993,244$925,648$716,173$1,572,308
65$2,141,294$915,743$684,903$1,647,918
66$2,302,704$903,613$650,846$1,729,831
67$2,478,782$889,092$613,852$1,818,700
68$2,670,969$872,008$573,766$1,915,247
69$2,880,847$852,176$530,427$2,020,273
70$3,110,163$829,402$483,666$2,134,660
71$3,360,836$803,479$433,305$2,259,387
72$3,634,981$774,190$379,160$2,395,534
73$3,934,926$741,302$321,039$2,544,297
74$4,263,235$704,572$258,740$2,706,996
75$4,622,730$663,741$192,053$2,885,092
76$5,016,519$618,535$120,758$3,080,198
77$5,448,027$568,666$44,626$3,294,098
78$5,921,023$513,828$0$3,528,762
79$6,439,659$453,697$0$3,791,058
80$7,008,509$387,933$0$4,085,104
81$7,632,610$316,175$0$4,407,872
82$8,317,510$238,041$0$4,762,331
83$9,069,321$153,130$0$5,151,760
84$9,894,774$61,016$0$5,579,777
85$10,801,285$0$0$6,050,376
86$11,797,024$0$0$6,583,741
87$12,890,989$0$0$7,197,109
88$14,093,095$0$0$7,871,208
89$15,414,264$0$0$8,612,175
90$16,866,527$0$0$9,426,771
91$18,463,141$0$0$10,322,445
92$20,218,711$0$0$11,307,403
93$22,149,328$0$0$12,390,687
94$24,272,719$0$0$13,582,258
95$26,608,417$0$0$14,893,093
96$29,177,943$0$0$16,335,285
97$32,005,007$0$0$17,922,158
98$35,115,736$0$0$19,668,393
99$38,538,915$0$0$21,590,166
100$42,306,262$0$0$23,705,302