Can I retire at age 53 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$73,413$72,759$72,121$71,498$70,890$69,544
2 years$36,343$35,666$35,010$34,374$33,757$32,406
3 years$23,988$23,308$22,654$22,024$21,417$20,103
4 years$17,812$17,134$16,486$15,867$15,275$14,009
5 years$14,107$13,433$12,794$12,187$11,612$10,397
6 years$11,638$10,969$10,339$9,746$9,188$8,025
7 years$9,875$9,212$8,592$8,013$7,472$6,362
8 years$8,553$7,896$7,287$6,722$6,199$5,141
9 years$7,526$6,875$6,276$5,726$5,220$4,214
10 years$6,705$6,060$5,472$4,935$4,448$3,493
11 years$6,033$5,395$4,817$4,295$3,825$2,920
12 years$5,474$4,842$4,275$3,768$3,315$2,458
13 years$5,001$4,376$3,820$3,326$2,891$2,080
14 years$4,596$3,978$3,432$2,953$2,534$1,769
15 years$4,245$3,634$3,099$2,633$2,231$1,510
16 years$3,939$3,334$2,809$2,358$1,972$1,293
17 years$3,668$3,070$2,556$2,118$1,748$1,111
18 years$3,429$2,837$2,334$1,909$1,555$956
19 years$3,214$2,629$2,136$1,725$1,386$824
20 years$3,021$2,443$1,961$1,562$1,238$712
21 years$2,847$2,276$1,803$1,418$1,108$616
22 years$2,689$2,124$1,662$1,289$993$533
23 years$2,545$1,987$1,535$1,174$891$462
24 years$2,413$1,862$1,419$1,071$801$401
25 years$2,292$1,747$1,315$978$721$348
26 years$2,180$1,642$1,219$894$649$302
27 years$2,077$1,545$1,132$819$585$263
28 years$1,981$1,456$1,052$750$528$229
29 years$1,892$1,374$979$688$477$199
30 years$1,810$1,297$912$631$431$173
31 years$1,732$1,226$850$580$390$151
32 years$1,660$1,160$793$533$352$131
33 years$1,592$1,099$741$490$319$114
34 years$1,528$1,042$692$451$289$100
35 years$1,468$988$647$415$262$87
36 years$1,412$938$605$382$237$76
37 years$1,359$891$567$352$215$66
38 years$1,308$846$531$325$195$58
39 years$1,261$805$497$299$177$50
40 years$1,215$766$466$276$160$44
41 years$1,173$729$437$255$145$38
42 years$1,132$694$410$235$132$33
43 years$1,093$661$385$217$120$29
44 years$1,056$630$361$200$109$25
45 years$1,021$601$339$185$99$22
46 years$988$573$318$171$90$19
47 years$956$547$299$158$81$17
48 years$925$522$281$146$74$15
49 years$896$499$264$135$67$13
50 years$868$477$248$125$61$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $889,000, adding $2,576 every year, while hoping to spend $40,666 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: 64/12/24 Blend
52$889,000$889,000$889,000$889,000
53$982,335$935,218$921,439$1,038,890
54$1,039,265$937,776$909,039$1,079,925
55$1,100,639$939,095$894,860$1,119,968
56$1,166,867$939,074$878,801$1,162,802
57$1,238,400$937,601$860,753$1,208,706
58$1,315,734$934,560$840,605$1,257,986
59$1,399,412$929,828$818,239$1,310,982
60$1,490,035$923,272$793,533$1,368,069
61$1,588,259$914,752$766,357$1,429,661
62$1,694,808$904,122$736,577$1,496,218
63$1,810,479$891,225$704,053$1,568,245
64$1,936,147$875,893$668,637$1,646,304
65$2,072,774$857,952$630,176$1,731,014
66$2,221,419$837,215$588,510$1,823,057
67$2,383,250$813,484$543,471$1,923,191
68$2,559,547$786,550$494,883$2,032,249
69$2,751,722$756,193$442,563$2,151,154
70$2,961,329$722,178$386,320$2,280,926
71$3,190,078$684,258$325,955$2,422,688
72$3,439,849$642,170$261,258$2,577,685
73$3,712,716$595,638$192,012$2,747,287
74$4,010,957$544,369$117,989$2,933,011
75$4,337,085$488,053$38,952$3,136,530
76$4,693,864$426,364$0$3,359,691
77$5,084,338$358,955$0$3,616,159
78$5,511,859$285,462$0$3,907,960
79$5,980,118$205,499$0$4,227,663
80$6,493,179$118,658$0$4,578,084
81$7,055,521$24,510$0$4,962,325
82$7,672,072$0$0$5,383,806
83$8,348,263$0$0$5,856,517
84$9,090,076$0$0$6,378,715
85$9,904,098$0$0$6,951,810
86$10,797,585$0$0$7,580,918
87$11,778,531$0$0$8,271,676
88$12,855,740$0$0$9,030,292
89$14,038,913$0$0$9,863,607
90$15,338,734$0$0$10,779,155
91$16,766,973$0$0$11,785,237
92$18,336,599$0$0$12,890,998
93$20,061,899$0$0$14,106,511
94$21,958,610$0$0$15,442,877
95$24,044,073$0$0$16,912,324
96$26,337,392$0$0$18,528,324
97$28,859,616$0$0$20,305,720
98$31,633,935$0$0$22,260,867
99$34,685,899$0$0$24,411,784
100$38,043,661$0$0$26,778,325