Can I retire at age 53 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$72,587$71,940$71,310$70,694$70,093$68,818
2 years$35,934$35,265$34,616$33,987$33,377$32,098
3 years$23,718$23,046$22,399$21,776$21,176$19,932
4 years$17,611$16,941$16,301$15,688$15,103$13,903
5 years$13,948$13,282$12,650$12,050$11,481$10,329
6 years$11,507$10,846$10,223$9,637$9,085$7,982
7 years$9,764$9,108$8,495$7,923$7,388$6,335
8 years$8,457$7,808$7,205$6,646$6,129$5,125
9 years$7,441$6,798$6,206$5,661$5,162$4,206
10 years$6,629$5,992$5,410$4,880$4,398$3,490
11 years$5,965$5,334$4,763$4,247$3,782$2,921
12 years$5,412$4,788$4,227$3,725$3,278$2,462
13 years$4,945$4,327$3,777$3,289$2,858$2,087
14 years$4,544$3,933$3,393$2,919$2,506$1,777
15 years$4,197$3,593$3,064$2,604$2,206$1,519
16 years$3,894$3,296$2,778$2,331$1,950$1,303
17 years$3,627$3,036$2,528$2,095$1,729$1,120
18 years$3,390$2,805$2,307$1,888$1,537$966
19 years$3,178$2,600$2,112$1,706$1,370$834
20 years$2,987$2,416$1,939$1,545$1,224$721
21 years$2,815$2,250$1,783$1,402$1,095$625
22 years$2,659$2,101$1,643$1,275$982$542
23 years$2,516$1,965$1,517$1,161$881$470
24 years$2,386$1,841$1,403$1,059$792$409
25 years$2,266$1,727$1,300$967$713$355
26 years$2,156$1,624$1,205$884$642$309
27 years$2,054$1,528$1,119$809$579$269
28 years$1,959$1,440$1,041$742$522$235
29 years$1,871$1,358$968$680$472$204
30 years$1,789$1,283$902$624$426$178
31 years$1,713$1,213$841$573$385$155
32 years$1,641$1,147$785$527$348$136
33 years$1,574$1,087$733$484$315$118
34 years$1,511$1,030$684$446$286$103
35 years$1,452$977$640$410$259$90
36 years$1,396$927$599$378$234$79
37 years$1,343$881$560$348$212$69
38 years$1,294$837$525$321$193$60
39 years$1,246$796$492$296$175$52
40 years$1,202$757$461$273$158$46
41 years$1,159$721$432$252$144$40
42 years$1,119$686$405$232$130$35
43 years$1,081$654$380$214$118$31
44 years$1,044$623$357$198$107$27
45 years$1,010$594$335$183$97$23
46 years$977$567$315$169$89$20
47 years$945$541$296$156$80$18
48 years$915$517$278$144$73$16
49 years$886$493$261$133$66$14
50 years$858$471$246$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $879,000, adding $5,672 every year, while hoping to spend $49,872 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: 50/23/27 Blend
52$879,000$879,000$879,000$879,000
53$974,509$927,922$914,297$1,015,547
54$1,020,845$920,326$891,863$1,037,187
55$1,070,236$910,687$867,005$1,055,259
56$1,122,941$898,852$839,591$1,073,917
57$1,179,244$884,658$809,480$1,093,239
58$1,239,455$867,935$776,525$1,113,316
59$1,303,915$848,499$740,574$1,134,247
60$1,372,998$826,159$701,467$1,156,149
61$1,447,114$800,712$659,037$1,179,151
62$1,526,714$771,940$613,109$1,203,400
63$1,612,290$739,617$563,499$1,229,063
64$1,704,386$703,500$510,018$1,256,328
65$1,803,595$663,334$452,466$1,285,405
66$1,910,574$618,849$390,636$1,316,531
67$2,026,038$569,759$324,308$1,349,973
68$2,150,779$515,762$253,257$1,386,029
69$2,285,663$456,538$177,246$1,425,035
70$2,431,644$391,752$96,026$1,467,365
71$2,589,769$321,045$9,341$1,513,439
72$2,761,191$244,042$0$1,563,726
73$2,947,176$160,344$0$1,642,710
74$3,149,119$69,532$0$1,731,444
75$3,368,553$0$0$1,827,973
76$3,607,162$0$0$1,940,409
77$3,866,803$0$0$2,081,986
78$4,149,516$0$0$2,236,230
79$4,457,547$0$0$2,404,375
80$4,793,368$0$0$2,587,783
81$5,159,699$0$0$2,787,950
82$5,559,534$0$0$3,006,525
83$5,996,169$0$0$3,245,322
84$6,473,231$0$0$3,506,339
85$6,994,716$0$0$3,791,774
86$7,565,021$0$0$4,104,049
87$8,188,987$0$0$4,445,830
88$8,871,947$0$0$4,820,052
89$9,619,770$0$0$5,229,949
90$10,438,922$0$0$5,679,079
91$11,336,523$0$0$6,171,365
92$12,320,413$0$0$6,711,124
93$13,399,228$0$0$7,303,112
94$14,582,479$0$0$7,952,568
95$15,880,643$0$0$8,665,262
96$17,305,258$0$0$9,447,548
97$18,869,035$0$0$10,306,428
98$20,585,975$0$0$11,249,614
99$22,471,499$0$0$12,285,600
100$24,542,598$0$0$13,423,745