Can I retire at age 53 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$72,257$71,613$70,985$70,372$69,774$69,363
2 years$35,771$35,104$34,459$33,833$33,226$32,811
3 years$23,610$22,941$22,297$21,677$21,080$20,675
4 years$17,531$16,864$16,227$15,617$15,034$14,641
5 years$13,885$13,222$12,593$11,995$11,429$11,049
6 years$11,455$10,797$10,177$9,593$9,043$8,678
7 years$9,719$9,067$8,457$7,887$7,355$7,003
8 years$8,419$7,772$7,172$6,616$6,101$5,764
9 years$7,407$6,767$6,177$5,635$5,138$4,815
10 years$6,599$5,965$5,385$4,858$4,378$4,069
11 years$5,938$5,310$4,741$4,228$3,765$3,470
12 years$5,387$4,766$4,208$3,708$3,263$2,981
13 years$4,922$4,307$3,759$3,274$2,845$2,576
14 years$4,523$3,915$3,378$2,906$2,494$2,238
15 years$4,178$3,576$3,050$2,592$2,196$1,953
16 years$3,877$3,281$2,765$2,321$1,941$1,710
17 years$3,611$3,022$2,516$2,085$1,721$1,501
18 years$3,375$2,792$2,297$1,879$1,530$1,322
19 years$3,164$2,588$2,103$1,698$1,364$1,167
20 years$2,974$2,405$1,930$1,538$1,218$1,032
21 years$2,802$2,240$1,775$1,396$1,090$914
22 years$2,647$2,091$1,636$1,269$977$811
23 years$2,505$1,956$1,510$1,156$877$720
24 years$2,375$1,832$1,397$1,054$788$641
25 years$2,256$1,720$1,294$963$709$570
26 years$2,146$1,616$1,200$880$639$508
27 years$2,044$1,521$1,114$806$576$453
28 years$1,950$1,433$1,036$738$520$404
29 years$1,863$1,352$964$677$469$361
30 years$1,781$1,277$898$621$424$323
31 years$1,705$1,207$837$571$383$289
32 years$1,634$1,142$781$524$347$258
33 years$1,567$1,082$729$482$314$231
34 years$1,504$1,025$681$444$284$207
35 years$1,445$972$637$408$257$185
36 years$1,390$923$596$376$233$166
37 years$1,337$877$558$347$211$148
38 years$1,288$833$522$319$192$133
39 years$1,241$792$489$295$174$119
40 years$1,196$754$459$272$158$107
41 years$1,154$717$430$251$143$96
42 years$1,114$683$403$231$130$86
43 years$1,076$651$379$214$118$77
44 years$1,040$620$355$197$107$69
45 years$1,005$592$334$182$97$62
46 years$972$564$313$168$88$56
47 years$941$539$294$155$80$50
48 years$911$514$277$144$73$45
49 years$882$491$260$133$66$40
50 years$854$469$244$123$60$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $875,000, adding $3,107 every year, while hoping to spend $47,357 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: 68/27/5 Blend
52$875,000$875,000$875,000$875,000
53$967,455$921,080$907,517$1,032,475
54$1,015,748$915,825$887,532$1,070,659
55$1,067,379$908,726$865,289$1,106,323
56$1,122,640$899,642$840,665$1,144,026
57$1,181,849$888,424$813,526$1,183,957
58$1,245,355$874,914$783,737$1,226,327
59$1,313,541$858,945$751,152$1,271,368
60$1,386,830$840,340$715,623$1,319,338
61$1,465,682$818,912$676,992$1,370,523
62$1,550,604$794,462$635,094$1,425,236
63$1,642,155$766,780$589,759$1,483,829
64$1,740,946$735,643$540,807$1,546,687
65$1,847,649$700,816$488,050$1,614,238
66$1,963,003$662,050$431,294$1,686,955
67$2,087,820$619,081$370,333$1,765,362
68$2,222,993$571,632$304,955$1,850,039
69$2,369,504$519,407$234,936$1,941,625
70$2,528,432$462,096$160,045$2,040,829
71$2,700,963$399,370$80,038$2,148,437
72$2,888,403$330,881$0$2,265,314
73$3,092,188$256,263$0$2,392,704
74$3,313,899$175,127$0$2,535,958
75$3,555,272$87,063$0$2,691,987
76$3,818,221$0$0$2,862,103
77$4,104,851$0$0$3,050,238
78$4,417,477$0$0$3,283,696
79$4,758,651$0$0$3,538,520
80$5,131,178$0$0$3,816,813
81$5,538,148$0$0$4,120,889
82$5,982,961$0$0$4,453,296
83$6,469,364$0$0$4,816,838
84$7,001,477$0$0$5,214,605
85$7,583,842$0$0$5,649,997
86$8,221,457$0$0$6,126,760
87$8,919,827$0$0$6,649,017
88$9,685,013$0$0$7,221,310
89$10,523,692$0$0$7,848,640
90$11,443,217$0$0$8,536,518
91$12,451,686$0$0$9,291,009
92$13,558,018$0$0$10,118,797
93$14,772,039$0$0$11,027,243
94$16,104,569$0$0$12,024,454
95$17,567,530$0$0$13,119,363
96$19,174,052$0$0$14,321,807
97$20,938,600$0$0$15,642,626
98$22,877,109$0$0$17,093,757
99$25,007,133$0$0$18,688,355
100$27,348,012$0$0$20,440,909