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%13.9%
1 years$73,330$72,677$72,040$71,418$70,810$69,666
2 years$36,302$35,626$34,971$34,335$33,719$32,569
3 years$23,961$23,282$22,628$21,999$21,393$20,273
4 years$17,792$17,115$16,468$15,849$15,258$14,177
5 years$14,091$13,418$12,780$12,174$11,599$10,560
6 years$11,625$10,957$10,328$9,735$9,178$8,183
7 years$9,864$9,202$8,582$8,004$7,464$6,512
8 years$8,544$7,887$7,279$6,714$6,192$5,284
9 years$7,517$6,867$6,269$5,719$5,215$4,349
10 years$6,697$6,053$5,466$4,930$4,443$3,620
11 years$6,026$5,389$4,812$4,291$3,821$3,040
12 years$5,467$4,837$4,270$3,763$3,311$2,570
13 years$4,995$4,371$3,815$3,322$2,888$2,186
14 years$4,591$3,973$3,428$2,949$2,531$1,868
15 years$4,240$3,630$3,095$2,630$2,229$1,602
16 years$3,934$3,330$2,806$2,355$1,970$1,379
17 years$3,664$3,067$2,553$2,116$1,746$1,190
18 years$3,425$2,834$2,331$1,907$1,553$1,029
19 years$3,211$2,626$2,134$1,723$1,384$892
20 years$3,018$2,441$1,958$1,561$1,236$774
21 years$2,844$2,273$1,801$1,416$1,106$673
22 years$2,686$2,122$1,660$1,288$992$586
23 years$2,542$1,985$1,533$1,173$890$511
24 years$2,410$1,860$1,418$1,070$800$446
25 years$2,289$1,745$1,313$977$720$389
26 years$2,178$1,640$1,218$893$649$340
27 years$2,075$1,544$1,131$818$585$297
28 years$1,979$1,454$1,051$749$528$260
29 years$1,890$1,372$978$687$476$227
30 years$1,808$1,296$911$630$430$199
31 years$1,730$1,225$850$579$389$174
32 years$1,658$1,159$793$532$352$153
33 years$1,590$1,098$740$489$319$134
34 years$1,527$1,040$691$450$288$117
35 years$1,467$987$646$414$261$103
36 years$1,410$937$605$382$237$90
37 years$1,357$890$566$352$215$79
38 years$1,307$845$530$324$195$69
39 years$1,259$804$497$299$176$61
40 years$1,214$765$465$276$160$53
41 years$1,171$728$436$254$145$47
42 years$1,131$693$409$235$132$41
43 years$1,092$661$384$217$120$36
44 years$1,055$630$361$200$108$32
45 years$1,020$600$339$185$98$28
46 years$987$573$318$171$89$24
47 years$955$547$299$158$81$21
48 years$924$522$281$146$74$19
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 $5,330 every year, while hoping to spend $32,883 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: 66/15/19 Blend
52$888,000$888,000$888,000$888,000
53$984,074$937,010$923,246$1,044,023
54$1,049,462$947,936$919,187$1,095,784
55$1,120,418$958,296$913,891$1,148,071
56$1,197,474$968,026$907,280$1,204,441
57$1,281,218$977,060$899,275$1,265,294
58$1,372,294$985,328$889,792$1,331,072
59$1,471,412$992,753$878,744$1,402,262
60$1,579,353$999,255$866,039$1,479,403
61$1,696,976$1,004,748$851,581$1,563,085
62$1,825,228$1,009,141$835,269$1,653,965
63$1,965,149$1,012,336$816,999$1,752,761
64$2,117,885$1,014,232$796,659$1,860,272
65$2,284,697$1,014,717$774,135$1,977,373
66$2,466,974$1,013,676$749,306$2,105,033
67$2,666,244$1,010,985$722,047$2,244,319
68$2,884,191$1,006,513$692,225$2,396,410
69$3,122,666$1,000,120$659,702$2,562,604
70$3,383,711$991,659$624,335$2,744,333
71$3,669,573$980,973$585,974$2,943,178
72$3,982,725$967,896$544,459$3,160,882
73$4,325,893$952,253$499,628$3,399,366
74$4,702,077$933,856$451,309$3,660,750
75$5,114,582$912,509$399,321$3,947,372
76$5,567,049$888,001$343,478$4,261,810
77$6,063,487$860,113$283,584$4,606,906
78$6,608,313$828,608$219,434$4,985,798
79$7,206,392$793,241$150,816$5,401,940
80$7,863,081$753,747$77,505$5,859,147
81$8,584,284$709,849$0$6,361,623
82$9,376,503$661,254$0$6,914,151
83$10,246,903$607,652$0$7,538,473
84$11,203,374$548,714$0$8,224,547
85$12,254,611$484,093$0$8,978,642
86$13,410,191$413,424$0$9,807,667
87$14,680,668$336,319$0$10,719,234
88$16,077,666$252,368$0$11,721,735
89$17,613,994$161,141$0$12,824,418
90$19,303,764$62,180$0$14,037,474
91$21,162,526$0$0$15,372,136
92$23,207,408$0$0$16,848,210
93$25,457,288$0$0$18,483,616
94$27,932,961$0$0$20,283,215
95$30,657,342$0$0$22,263,672
96$33,655,679$0$0$24,443,351
97$36,955,792$0$0$26,842,484
98$40,588,335$0$0$29,483,365
99$44,587,083$0$0$32,390,558
100$48,989,254$0$0$35,591,131