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%19.8%
1 years$72,587$71,940$71,310$70,694$70,093$67,338
2 years$35,934$35,265$34,616$33,987$33,377$30,636
3 years$23,718$23,046$22,399$21,776$21,176$18,534
4 years$17,611$16,941$16,301$15,688$15,103$12,581
5 years$13,948$13,282$12,650$12,050$11,481$9,085
6 years$11,507$10,846$10,223$9,637$9,085$6,816
7 years$9,764$9,108$8,495$7,923$7,388$5,246
8 years$8,457$7,808$7,205$6,646$6,129$4,112
9 years$7,441$6,798$6,206$5,661$5,162$3,266
10 years$6,629$5,992$5,410$4,880$4,398$2,620
11 years$5,965$5,334$4,763$4,247$3,782$2,118
12 years$5,412$4,788$4,227$3,725$3,278$1,723
13 years$4,945$4,327$3,777$3,289$2,858$1,408
14 years$4,544$3,933$3,393$2,919$2,506$1,155
15 years$4,197$3,593$3,064$2,604$2,206$951
16 years$3,894$3,296$2,778$2,331$1,950$784
17 years$3,627$3,036$2,528$2,095$1,729$648
18 years$3,390$2,805$2,307$1,888$1,537$537
19 years$3,178$2,600$2,112$1,706$1,370$445
20 years$2,987$2,416$1,939$1,545$1,224$370
21 years$2,815$2,250$1,783$1,402$1,095$307
22 years$2,659$2,101$1,643$1,275$982$255
23 years$2,516$1,965$1,517$1,161$881$212
24 years$2,386$1,841$1,403$1,059$792$177
25 years$2,266$1,727$1,300$967$713$147
26 years$2,156$1,624$1,205$884$642$123
27 years$2,054$1,528$1,119$809$579$102
28 years$1,959$1,440$1,041$742$522$85
29 years$1,871$1,358$968$680$472$71
30 years$1,789$1,283$902$624$426$59
31 years$1,713$1,213$841$573$385$49
32 years$1,641$1,147$785$527$348$41
33 years$1,574$1,087$733$484$315$34
34 years$1,511$1,030$684$446$286$29
35 years$1,452$977$640$410$259$24
36 years$1,396$927$599$378$234$20
37 years$1,343$881$560$348$212$17
38 years$1,294$837$525$321$193$14
39 years$1,246$796$492$296$175$12
40 years$1,202$757$461$273$158$10
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$6
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 $5,393 every year, while hoping to spend $31,504 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: 42/34/24 Blend
52$879,000$879,000$879,000$879,000
53$974,221$927,634$914,009$1,008,093
54$1,040,071$939,568$911,109$1,044,748
55$1,111,583$951,031$907,055$1,081,001
56$1,189,299$961,966$901,776$1,119,636
57$1,273,819$972,314$895,197$1,160,890
58$1,365,801$982,010$887,239$1,205,025
59$1,465,971$990,986$877,819$1,252,333
60$1,575,124$999,169$866,850$1,303,134
61$1,694,139$1,006,481$854,242$1,357,786
62$1,823,982$1,012,839$839,900$1,416,681
63$1,965,715$1,018,155$823,724$1,480,256
64$2,120,510$1,022,336$805,610$1,548,994
65$2,289,654$1,025,283$785,450$1,623,428
66$2,474,565$1,026,888$763,129$1,704,149
67$2,676,805$1,027,040$738,529$1,791,809
68$2,898,094$1,025,620$711,524$1,887,132
69$3,140,324$1,022,499$681,984$1,990,916
70$3,405,580$1,017,545$649,774$2,104,044
71$3,696,158$1,010,613$614,750$2,227,493
72$4,014,586$1,001,553$576,764$2,362,342
73$4,363,648$990,204$535,660$2,509,783
74$4,746,411$976,395$491,276$2,671,136
75$5,166,253$959,946$443,441$2,847,857
76$5,626,894$940,666$391,979$3,041,555
77$6,132,430$918,353$336,704$3,254,010
78$6,687,377$892,791$277,423$3,487,186
79$7,296,706$863,754$213,932$3,743,253
80$7,965,893$831,001$146,023$4,024,609
81$8,700,973$794,279$73,473$4,333,900
82$9,508,591$753,317$0$4,674,051
83$10,396,070$707,833$0$5,049,300
84$11,371,477$657,524$0$5,482,346
85$12,443,698$602,073$0$5,958,352
86$13,622,523$541,143$0$6,481,730
87$14,918,741$474,379$0$7,057,345
88$16,344,234$401,405$0$7,690,563
89$17,912,096$321,825$0$8,387,302
90$19,636,755$235,219$0$9,154,090
91$21,534,103$141,144$0$9,998,124
92$23,621,655$39,133$0$10,927,343
93$25,918,705$0$0$11,950,500
94$28,446,516$0$0$13,103,930
95$31,228,513$0$0$14,389,588
96$34,290,507$0$0$15,804,779
97$37,660,940$0$0$17,362,664
98$41,371,151$0$0$19,077,746
99$45,455,671$0$0$20,966,005
100$49,952,548$0$0$23,045,049