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%14.2%
1 years$72,670$72,022$71,391$70,774$70,172$68,953
2 years$35,975$35,305$34,656$34,026$33,415$32,191
3 years$23,745$23,072$22,425$21,801$21,200$20,009
4 years$17,631$16,961$16,319$15,706$15,120$13,971
5 years$13,964$13,297$12,664$12,064$11,494$10,390
6 years$11,520$10,858$10,235$9,648$9,095$8,038
7 years$9,775$9,119$8,505$7,932$7,397$6,386
8 years$8,467$7,816$7,213$6,654$6,136$5,173
9 years$7,450$6,806$6,213$5,668$5,168$4,250
10 years$6,637$5,999$5,416$4,886$4,403$3,531
11 years$5,972$5,340$4,768$4,252$3,787$2,959
12 years$5,418$4,793$4,232$3,729$3,281$2,498
13 years$4,950$4,332$3,781$3,293$2,862$2,120
14 years$4,549$3,937$3,397$2,923$2,508$1,808
15 years$4,202$3,597$3,067$2,607$2,209$1,547
16 years$3,899$3,300$2,781$2,334$1,952$1,329
17 years$3,631$3,039$2,530$2,097$1,731$1,144
18 years$3,394$2,808$2,310$1,890$1,539$988
19 years$3,182$2,603$2,115$1,708$1,372$854
20 years$2,991$2,419$1,941$1,547$1,225$740
21 years$2,818$2,253$1,785$1,404$1,096$642
22 years$2,662$2,103$1,645$1,276$983$557
23 years$2,519$1,967$1,519$1,162$882$485
24 years$2,389$1,843$1,405$1,060$793$422
25 years$2,269$1,729$1,301$968$714$367
26 years$2,158$1,625$1,207$885$643$320
27 years$2,056$1,530$1,121$810$579$279
28 years$1,961$1,441$1,042$742$523$244
29 years$1,873$1,360$969$681$472$213
30 years$1,791$1,284$903$625$427$186
31 years$1,715$1,214$842$574$386$162
32 years$1,643$1,149$785$527$349$142
33 years$1,576$1,088$733$485$316$124
34 years$1,513$1,031$685$446$286$108
35 years$1,454$978$641$411$259$95
36 years$1,398$928$599$378$235$83
37 years$1,345$882$561$349$213$73
38 years$1,295$838$525$321$193$63
39 years$1,248$797$492$296$175$56
40 years$1,203$758$461$273$159$49
41 years$1,161$721$433$252$144$43
42 years$1,120$687$406$233$131$37
43 years$1,082$655$381$215$118$33
44 years$1,046$624$357$198$108$28
45 years$1,011$595$336$183$98$25
46 years$978$568$315$169$89$22
47 years$946$542$296$156$80$19
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 $4,082 every year, while hoping to spend $56,445 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: 53/20/27 Blend
52$880,000$880,000$880,000$880,000
53$973,971$927,331$913,691$1,018,065
54$1,013,259$912,713$884,242$1,034,413
55$1,054,662$895,487$851,915$1,046,098
56$1,098,337$875,465$816,554$1,057,682
57$1,144,455$852,450$777,996$1,069,176
58$1,193,200$826,231$736,069$1,080,597
59$1,244,775$796,585$690,597$1,091,967
60$1,299,402$763,278$641,392$1,103,315
61$1,357,322$726,059$588,259$1,114,676
62$1,418,800$684,667$530,997$1,126,091
63$1,484,123$638,822$469,391$1,137,611
64$1,553,609$588,229$403,221$1,149,299
65$1,627,603$532,578$332,254$1,161,225
66$1,706,483$471,539$256,250$1,173,475
67$1,790,664$404,764$174,954$1,186,147
68$1,880,600$331,886$88,103$1,199,357
69$1,976,790$252,517$0$1,213,237
70$2,079,778$166,246$0$1,229,259
71$2,190,164$72,641$0$1,273,452
72$2,308,604$0$0$1,320,694
73$2,435,819$0$0$1,377,633
74$2,572,599$0$0$1,456,103
75$2,719,813$0$0$1,540,622
76$2,878,415$0$0$1,631,745
77$3,049,451$0$0$1,730,084
78$3,234,072$0$0$1,836,308
79$3,433,543$0$0$1,951,154
80$3,649,251$0$0$2,075,432
81$3,882,725$0$0$2,210,032
82$4,135,642$0$0$2,355,933
83$4,409,848$0$0$2,514,211
84$4,707,373$0$0$2,686,049
85$5,030,449$0$0$2,872,750
86$5,381,531$0$0$3,075,745
87$5,763,320$0$0$3,296,609
88$6,178,786$0$0$3,537,077
89$6,631,200$0$0$3,799,055
90$7,124,158$0$0$4,084,642
91$7,661,620$0$0$4,396,149
92$8,247,943$0$0$4,736,118
93$8,887,924$0$0$5,107,348
94$9,586,842$0$0$5,512,921
95$10,350,508$0$0$5,956,227
96$11,185,321$0$0$6,441,002
97$12,098,326$0$0$6,971,356
98$13,097,278$0$0$7,551,818
99$14,190,719$0$0$8,187,373
100$15,388,052$0$0$8,883,511