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%14.1%
1 years$72,670$72,022$71,391$70,774$70,172$68,982
2 years$35,975$35,305$34,656$34,026$33,415$32,219
3 years$23,745$23,072$22,425$21,801$21,200$20,036
4 years$17,631$16,961$16,319$15,706$15,120$13,997
5 years$13,964$13,297$12,664$12,064$11,494$10,415
6 years$11,520$10,858$10,235$9,648$9,095$8,061
7 years$9,775$9,119$8,505$7,932$7,397$6,409
8 years$8,467$7,816$7,213$6,654$6,136$5,194
9 years$7,450$6,806$6,213$5,668$5,168$4,270
10 years$6,637$5,999$5,416$4,886$4,403$3,550
11 years$5,972$5,340$4,768$4,252$3,787$2,977
12 years$5,418$4,793$4,232$3,729$3,281$2,514
13 years$4,950$4,332$3,781$3,293$2,862$2,135
14 years$4,549$3,937$3,397$2,923$2,508$1,822
15 years$4,202$3,597$3,067$2,607$2,209$1,561
16 years$3,899$3,300$2,781$2,334$1,952$1,341
17 years$3,631$3,039$2,530$2,097$1,731$1,156
18 years$3,394$2,808$2,310$1,890$1,539$998
19 years$3,182$2,603$2,115$1,708$1,372$864
20 years$2,991$2,419$1,941$1,547$1,225$749
21 years$2,818$2,253$1,785$1,404$1,096$650
22 years$2,662$2,103$1,645$1,276$983$565
23 years$2,519$1,967$1,519$1,162$882$492
24 years$2,389$1,843$1,405$1,060$793$428
25 years$2,269$1,729$1,301$968$714$373
26 years$2,158$1,625$1,207$885$643$326
27 years$2,056$1,530$1,121$810$579$284
28 years$1,961$1,441$1,042$742$523$248
29 years$1,873$1,360$969$681$472$217
30 years$1,791$1,284$903$625$427$190
31 years$1,715$1,214$842$574$386$166
32 years$1,643$1,149$785$527$349$145
33 years$1,576$1,088$733$485$316$127
34 years$1,513$1,031$685$446$286$111
35 years$1,454$978$641$411$259$97
36 years$1,398$928$599$378$235$85
37 years$1,345$882$561$349$213$74
38 years$1,295$838$525$321$193$65
39 years$1,248$797$492$296$175$57
40 years$1,203$758$461$273$159$50
41 years$1,161$721$433$252$144$44
42 years$1,120$687$406$233$131$38
43 years$1,082$655$381$215$118$34
44 years$1,046$624$357$198$108$29
45 years$1,011$595$336$183$98$26
46 years$978$568$315$169$89$23
47 years$946$542$296$156$80$20
48 years$916$517$278$144$73$17
49 years$887$494$262$133$66$15
50 years$859$472$246$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $880,000, adding $2,586 every year, while hoping to spend $50,056 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: 77/13/10 Blend
52$880,000$880,000$880,000$880,000
53$972,427$925,787$912,147$1,045,428
54$1,018,356$917,892$889,445$1,085,913
55$1,067,291$907,932$864,305$1,123,629
56$1,119,488$895,753$836,592$1,163,547
57$1,175,223$881,192$806,165$1,205,868
58$1,234,802$864,077$772,878$1,250,812
59$1,298,559$844,224$736,576$1,298,620
60$1,366,860$821,439$697,100$1,349,562
61$1,440,107$795,517$654,280$1,403,933
62$1,518,741$766,240$607,941$1,462,060
63$1,603,245$733,379$557,900$1,524,301
64$1,694,151$696,689$503,964$1,591,057
65$1,792,041$655,914$445,934$1,662,765
66$1,897,557$610,781$383,600$1,739,910
67$2,011,401$561,003$316,744$1,823,029
68$2,134,347$506,274$245,138$1,912,711
69$2,267,243$446,275$168,543$2,009,609
70$2,411,023$380,663$86,710$2,114,443
71$2,566,713$309,082$0$2,228,008
72$2,735,441$231,150$0$2,351,248
73$2,918,447$146,468$0$2,494,944
74$3,117,096$54,612$0$2,650,934
75$3,332,888$0$0$2,820,429
76$3,567,472$0$0$3,011,183
77$3,822,665$0$0$3,227,222
78$4,100,464$0$0$3,462,427
79$4,403,066$0$0$3,718,662
80$4,732,892$0$0$3,997,981
81$5,092,602$0$0$4,302,640
82$5,485,126$0$0$4,635,125
83$5,913,690$0$0$4,998,173
84$6,381,843$0$0$5,394,796
85$6,893,495$0$0$5,828,308
86$7,452,947$0$0$6,302,361
87$8,064,937$0$0$6,820,973
88$8,734,681$0$0$7,388,571
89$9,467,924$0$0$8,010,027
90$10,270,989$0$0$8,690,709
91$11,150,844$0$0$9,436,524
92$12,115,159$0$0$10,253,983
93$13,172,382$0$0$11,150,254
94$14,331,818$0$0$12,133,230
95$15,603,716$0$0$13,211,608
96$16,999,365$0$0$14,394,965
97$18,531,197$0$0$15,693,852
98$20,212,911$0$0$17,119,889
99$22,059,592$0$0$18,685,877
100$24,087,862$0$0$20,405,919