Can I retire at age 53 with 876,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$72,339$71,695$71,066$70,453$69,853$67,241
2 years$35,812$35,145$34,498$33,871$33,264$30,662
3 years$23,637$22,967$22,323$21,702$21,104$18,594
4 years$17,551$16,883$16,245$15,635$15,051$12,653
5 years$13,901$13,237$12,607$12,009$11,442$9,161
6 years$11,468$10,809$10,188$9,604$9,054$6,892
7 years$9,730$9,077$8,466$7,896$7,363$5,320
8 years$8,428$7,781$7,180$6,624$6,108$4,182
9 years$7,416$6,775$6,184$5,642$5,144$3,332
10 years$6,606$5,972$5,392$4,863$4,383$2,681
11 years$5,945$5,316$4,747$4,233$3,770$2,175
12 years$5,394$4,771$4,213$3,713$3,267$1,775
13 years$4,928$4,312$3,764$3,278$2,849$1,456
14 years$4,529$3,919$3,382$2,909$2,497$1,198
15 years$4,183$3,581$3,053$2,595$2,199$990
16 years$3,881$3,285$2,768$2,323$1,943$819
17 years$3,615$3,025$2,519$2,087$1,723$680
18 years$3,378$2,796$2,299$1,881$1,532$565
19 years$3,167$2,591$2,105$1,700$1,365$470
20 years$2,977$2,408$1,932$1,540$1,220$392
21 years$2,806$2,243$1,777$1,397$1,091$327
22 years$2,650$2,093$1,638$1,270$978$273
23 years$2,508$1,958$1,512$1,157$878$228
24 years$2,378$1,834$1,399$1,055$789$191
25 years$2,258$1,722$1,295$964$710$159
26 years$2,148$1,618$1,201$881$640$133
27 years$2,047$1,523$1,116$807$577$112
28 years$1,952$1,435$1,037$739$520$93
29 years$1,865$1,354$965$678$470$78
30 years$1,783$1,278$899$622$425$65
31 years$1,707$1,208$838$571$384$55
32 years$1,636$1,143$782$525$347$46
33 years$1,569$1,083$730$483$314$38
34 years$1,506$1,026$682$444$285$32
35 years$1,447$973$638$409$258$27
36 years$1,391$924$597$377$234$23
37 years$1,339$878$558$347$212$19
38 years$1,289$834$523$320$192$16
39 years$1,242$793$490$295$174$13
40 years$1,198$754$459$272$158$11
41 years$1,155$718$431$251$143$9
42 years$1,115$684$404$232$130$8
43 years$1,077$652$379$214$118$7
44 years$1,041$621$356$197$107$6
45 years$1,006$592$334$182$97$5
46 years$973$565$314$168$88$4
47 years$942$539$295$156$80$3
48 years$912$515$277$144$73$3
49 years$883$492$260$133$66$2
50 years$855$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $876,000, adding $4,584 every year, while hoping to spend $20,034 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: 74/11/15 Blend
52$876,000$876,000$876,000$876,000
53$970,080$923,652$910,074$1,038,340
54$1,047,713$947,595$919,246$1,108,069
55$1,132,592$972,040$928,053$1,181,530
56$1,225,436$996,990$936,463$1,261,485
57$1,327,036$1,022,448$944,440$1,348,573
58$1,438,262$1,048,416$951,947$1,443,499
59$1,560,073$1,074,897$958,946$1,547,040
60$1,693,525$1,101,892$965,395$1,660,049
61$1,839,780$1,129,400$971,251$1,783,469
62$2,000,119$1,157,422$976,469$1,918,336
63$2,175,952$1,185,956$981,002$2,065,793
64$2,368,833$1,215,001$984,798$2,227,100
65$2,580,471$1,244,554$987,807$2,403,642
66$2,812,752$1,274,610$989,971$2,596,947
67$3,067,752$1,305,165$991,234$2,808,699
68$3,347,756$1,336,212$991,535$3,040,753
69$3,655,285$1,367,743$990,808$3,295,151
70$3,993,112$1,399,751$988,989$3,574,146
71$4,364,295$1,432,224$986,005$3,880,217
72$4,772,201$1,465,151$981,784$4,216,099
73$5,220,540$1,498,518$976,248$4,584,803
74$5,713,399$1,532,309$969,317$4,989,648
75$6,255,281$1,566,508$960,904$5,434,292
76$6,851,147$1,601,094$950,922$5,922,762
77$7,506,463$1,636,047$939,277$6,459,502
78$8,227,251$1,671,342$925,871$7,049,402
79$9,020,146$1,706,953$910,603$7,697,856
80$9,892,458$1,742,851$893,366$8,410,804
81$10,852,242$1,779,004$874,047$9,194,795
82$11,908,373$1,815,378$852,530$10,057,043
83$13,070,629$1,851,933$828,692$11,005,500
84$14,349,785$1,888,630$802,405$12,048,927
85$15,757,712$1,925,421$773,534$13,196,979
86$17,307,492$1,962,260$741,940$14,460,298
87$19,013,537$1,999,092$707,477$15,850,607
88$20,891,731$2,035,860$669,990$17,380,828
89$22,959,573$2,072,503$629,320$19,065,200
90$25,236,347$2,108,953$585,300$20,919,417
91$27,743,301$2,145,139$537,754$22,960,768
92$30,503,849$2,180,982$486,500$25,208,312
93$33,543,791$2,216,399$431,347$27,683,048
94$36,891,556$2,251,301$372,096$30,408,119
95$40,578,472$2,285,592$308,538$33,409,028
96$44,639,059$2,319,168$240,457$36,713,881
97$49,111,355$2,351,920$167,624$40,353,650
98$54,037,277$2,383,728$89,804$44,362,466
99$59,463,016$2,414,467$6,748$48,777,944
100$65,439,468$2,444,001$0$53,641,535