Can I retire at age 53 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$72,670$72,022$71,391$70,774$70,172$69,152
2 years$35,975$35,305$34,656$34,026$33,415$32,390
3 years$23,745$23,072$22,425$21,801$21,200$20,201
4 years$17,631$16,961$16,319$15,706$15,120$14,155
5 years$13,964$13,297$12,664$12,064$11,494$10,566
6 years$11,520$10,858$10,235$9,648$9,095$8,205
7 years$9,775$9,119$8,505$7,932$7,397$6,545
8 years$8,467$7,816$7,213$6,654$6,136$5,322
9 years$7,450$6,806$6,213$5,668$5,168$4,392
10 years$6,637$5,999$5,416$4,886$4,403$3,664
11 years$5,972$5,340$4,768$4,252$3,787$3,084
12 years$5,418$4,793$4,232$3,729$3,281$2,615
13 years$4,950$4,332$3,781$3,293$2,862$2,229
14 years$4,549$3,937$3,397$2,923$2,508$1,910
15 years$4,202$3,597$3,067$2,607$2,209$1,643
16 years$3,899$3,300$2,781$2,334$1,952$1,418
17 years$3,631$3,039$2,530$2,097$1,731$1,227
18 years$3,394$2,808$2,310$1,890$1,539$1,064
19 years$3,182$2,603$2,115$1,708$1,372$925
20 years$2,991$2,419$1,941$1,547$1,225$806
21 years$2,818$2,253$1,785$1,404$1,096$703
22 years$2,662$2,103$1,645$1,276$983$614
23 years$2,519$1,967$1,519$1,162$882$536
24 years$2,389$1,843$1,405$1,060$793$469
25 years$2,269$1,729$1,301$968$714$411
26 years$2,158$1,625$1,207$885$643$360
27 years$2,056$1,530$1,121$810$579$316
28 years$1,961$1,441$1,042$742$523$277
29 years$1,873$1,360$969$681$472$243
30 years$1,791$1,284$903$625$427$214
31 years$1,715$1,214$842$574$386$188
32 years$1,643$1,149$785$527$349$165
33 years$1,576$1,088$733$485$316$145
34 years$1,513$1,031$685$446$286$128
35 years$1,454$978$641$411$259$112
36 years$1,398$928$599$378$235$99
37 years$1,345$882$561$349$213$87
38 years$1,295$838$525$321$193$77
39 years$1,248$797$492$296$175$67
40 years$1,203$758$461$273$159$59
41 years$1,161$721$433$252$144$52
42 years$1,120$687$406$233$131$46
43 years$1,082$655$381$215$118$40
44 years$1,046$624$357$198$108$36
45 years$1,011$595$336$183$98$31
46 years$978$568$315$169$89$28
47 years$946$542$296$156$80$24
48 years$916$517$278$144$73$21
49 years$887$494$262$133$66$19
50 years$859$472$246$123$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $880,000, adding $4,543 every year, while hoping to spend $55,127 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: 67/5/28 Blend
52$880,000$880,000$880,000$880,000
53$974,446$927,806$914,166$1,032,302
54$1,015,185$914,614$886,136$1,058,655
55$1,058,231$898,928$855,319$1,080,846
56$1,103,763$880,567$821,564$1,103,886
57$1,151,973$859,341$784,713$1,127,861
58$1,203,072$835,047$744,599$1,152,870
59$1,257,292$807,471$701,049$1,179,022
60$1,314,885$776,386$653,884$1,206,438
61$1,376,127$741,552$602,912$1,235,257
62$1,441,319$702,716$547,938$1,265,630
63$1,510,794$659,609$488,753$1,297,728
64$1,584,912$611,947$425,144$1,331,741
65$1,664,072$559,431$356,885$1,367,882
66$1,748,706$501,742$283,739$1,406,387
67$1,839,293$438,546$205,463$1,447,519
68$1,936,354$369,488$121,800$1,491,573
69$2,040,463$294,194$32,481$1,538,873
70$2,152,250$212,269$0$1,589,784
71$2,272,403$123,294$0$1,663,483
72$2,401,683$26,830$0$1,753,220
73$2,540,919$0$0$1,849,872
74$2,691,028$0$0$1,958,355
75$2,853,011$0$0$2,077,055
76$3,027,974$0$0$2,205,310
77$3,217,127$0$0$2,344,013
78$3,421,803$0$0$2,494,147
79$3,643,467$0$0$2,656,792
80$3,883,728$0$0$2,833,137
81$4,144,358$0$0$3,024,488
82$4,427,304$0$0$3,232,281
83$4,734,707$0$0$3,458,097
84$5,068,924$0$0$3,703,674
85$5,432,545$0$0$3,970,925
86$5,828,424$0$0$4,261,954
87$6,259,698$0$0$4,579,076
88$6,729,821$0$0$4,924,841
89$7,242,592$0$0$5,302,053
90$7,802,195$0$0$5,713,799
91$8,413,235$0$0$6,163,477
92$9,080,780$0$0$6,654,830
93$9,810,411$0$0$7,191,974
94$10,608,271$0$0$7,779,446
95$11,481,124$0$0$8,422,237
96$12,436,419$0$0$9,125,845
97$13,482,357$0$0$9,896,324
98$14,627,970$0$0$10,740,341
99$15,883,203$0$0$11,665,238
100$17,259,010$0$0$12,679,099