Can I retire at age 53 with 888,000?

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 $888,000?

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 years$73,330$72,677$72,040$71,418$70,810$69,637
2 years$36,302$35,626$34,971$34,335$33,719$32,541
3 years$23,961$23,282$22,628$21,999$21,393$20,246
4 years$17,792$17,115$16,468$15,849$15,258$14,151
5 years$14,091$13,418$12,780$12,174$11,599$10,535
6 years$11,625$10,957$10,328$9,735$9,178$8,159
7 years$9,864$9,202$8,582$8,004$7,464$6,490
8 years$8,544$7,887$7,279$6,714$6,192$5,262
9 years$7,517$6,867$6,269$5,719$5,215$4,329
10 years$6,697$6,053$5,466$4,930$4,443$3,601
11 years$6,026$5,389$4,812$4,291$3,821$3,022
12 years$5,467$4,837$4,270$3,763$3,311$2,554
13 years$4,995$4,371$3,815$3,322$2,888$2,170
14 years$4,591$3,973$3,428$2,949$2,531$1,853
15 years$4,240$3,630$3,095$2,630$2,229$1,588
16 years$3,934$3,330$2,806$2,355$1,970$1,366
17 years$3,664$3,067$2,553$2,116$1,746$1,178
18 years$3,425$2,834$2,331$1,907$1,553$1,018
19 years$3,211$2,626$2,134$1,723$1,384$882
20 years$3,018$2,441$1,958$1,561$1,236$765
21 years$2,844$2,273$1,801$1,416$1,106$665
22 years$2,686$2,122$1,660$1,288$992$578
23 years$2,542$1,985$1,533$1,173$890$504
24 years$2,410$1,860$1,418$1,070$800$439
25 years$2,289$1,745$1,313$977$720$383
26 years$2,178$1,640$1,218$893$649$334
27 years$2,075$1,544$1,131$818$585$292
28 years$1,979$1,454$1,051$749$528$255
29 years$1,890$1,372$978$687$476$223
30 years$1,808$1,296$911$630$430$195
31 years$1,730$1,225$850$579$389$171
32 years$1,658$1,159$793$532$352$149
33 years$1,590$1,098$740$489$319$131
34 years$1,527$1,040$691$450$288$115
35 years$1,467$987$646$414$261$100
36 years$1,410$937$605$382$237$88
37 years$1,357$890$566$352$215$77
38 years$1,307$845$530$324$195$68
39 years$1,259$804$497$299$176$59
40 years$1,214$765$465$276$160$52
41 years$1,171$728$436$254$145$45
42 years$1,131$693$409$235$132$40
43 years$1,092$661$384$217$120$35
44 years$1,055$630$361$200$108$31
45 years$1,020$600$339$185$98$27
46 years$987$573$318$171$89$24
47 years$955$547$299$158$81$21
48 years$924$522$281$146$74$18
49 years$895$498$264$135$67$16
50 years$867$476$248$124$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $888,000, adding $5,118 every year, while hoping to spend $54,703 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: 66/16/18 Blend
52$888,000$888,000$888,000$888,000
53$983,855$936,791$923,027$1,044,091
54$1,026,005$924,490$895,745$1,072,761
55$1,070,620$909,753$865,716$1,097,300
56$1,117,896$892,403$832,789$1,122,800
57$1,168,042$872,252$796,808$1,149,356
58$1,221,291$849,101$757,610$1,177,071
59$1,277,896$822,741$715,024$1,206,062
60$1,338,134$792,947$668,869$1,236,462
61$1,402,308$759,486$618,961$1,268,415
62$1,470,749$722,107$565,102$1,302,086
63$1,543,822$680,546$507,089$1,337,656
64$1,621,925$634,526$444,709$1,375,330
65$1,705,493$583,750$377,740$1,415,334
66$1,795,008$527,908$305,948$1,457,921
67$1,890,992$466,669$229,091$1,503,372
68$1,994,023$399,685$146,915$1,552,002
69$2,104,733$326,590$59,156$1,604,159
70$2,223,816$246,993$0$1,660,232
71$2,352,034$160,484$0$1,727,278
72$2,490,224$66,630$0$1,811,709
73$2,639,305$0$0$1,902,740
74$2,800,287$0$0$2,007,194
75$2,974,281$0$0$2,132,813
76$3,162,505$0$0$2,268,753
77$3,366,301$0$0$2,415,989
78$3,587,143$0$0$2,575,591
79$3,826,650$0$0$2,748,738
80$4,086,607$0$0$2,936,724
81$4,368,973$0$0$3,140,975
82$4,675,905$0$0$3,363,057
83$5,009,774$0$0$3,604,696
84$5,373,191$0$0$3,867,788
85$5,769,028$0$0$4,154,420
86$6,200,446$0$0$4,466,891
87$6,670,921$0$0$4,807,728
88$7,184,283$0$0$5,179,716
89$7,744,745$0$0$5,585,916
90$8,356,946$0$0$6,029,702
91$9,025,992$0$0$6,514,785
92$9,757,504$0$0$7,045,254
93$10,557,673$0$0$7,625,608
94$11,433,314$0$0$8,260,803
95$12,391,931$0$0$8,956,296
96$13,441,788$0$0$9,718,095
97$14,591,985$0$0$10,552,817
98$15,852,545$0$0$11,467,751
99$17,234,507$0$0$12,470,922
100$18,750,025$0$0$13,571,170