Can I retire at age 53 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$72,422$71,777$71,147$70,533$69,933$69,318
2 years$35,852$35,185$34,538$33,910$33,302$32,682
3 years$23,664$22,994$22,348$21,727$21,128$20,523
4 years$17,571$16,903$16,264$15,653$15,069$14,483
5 years$13,916$13,252$12,621$12,023$11,455$10,890
6 years$11,481$10,821$10,200$9,615$9,064$8,520
7 years$9,742$9,088$8,476$7,905$7,371$6,850
8 years$8,438$7,790$7,188$6,631$6,115$5,615
9 years$7,424$6,782$6,191$5,648$5,150$4,672
10 years$6,614$5,978$5,398$4,869$4,388$3,931
11 years$5,951$5,322$4,752$4,237$3,774$3,338
12 years$5,400$4,777$4,217$3,717$3,270$2,855
13 years$4,933$4,317$3,768$3,281$2,852$2,457
14 years$4,534$3,924$3,386$2,913$2,500$2,124
15 years$4,188$3,585$3,057$2,598$2,201$1,844
16 years$3,885$3,289$2,771$2,326$1,945$1,607
17 years$3,619$3,029$2,522$2,090$1,725$1,405
18 years$3,382$2,799$2,302$1,883$1,534$1,231
19 years$3,171$2,594$2,107$1,702$1,367$1,081
20 years$2,981$2,410$1,934$1,541$1,221$951
21 years$2,809$2,245$1,779$1,399$1,093$838
22 years$2,653$2,096$1,640$1,272$979$740
23 years$2,511$1,960$1,514$1,158$879$654
24 years$2,381$1,837$1,400$1,056$790$578
25 years$2,261$1,724$1,297$965$711$512
26 years$2,151$1,620$1,203$882$641$454
27 years$2,049$1,524$1,117$807$577$402
28 years$1,955$1,436$1,038$740$521$357
29 years$1,867$1,355$966$678$471$317
30 years$1,785$1,280$900$623$425$282
31 years$1,709$1,210$839$572$384$250
32 years$1,638$1,145$783$526$348$223
33 years$1,571$1,084$731$483$315$198
34 years$1,508$1,027$683$445$285$176
35 years$1,449$975$638$409$258$157
36 years$1,393$925$597$377$234$140
37 years$1,340$879$559$347$212$124
38 years$1,291$835$524$320$192$111
39 years$1,244$794$490$295$174$99
40 years$1,199$755$460$272$158$88
41 years$1,157$719$431$251$143$78
42 years$1,117$685$404$232$130$70
43 years$1,078$652$379$214$118$62
44 years$1,042$622$356$198$107$55
45 years$1,007$593$334$182$97$49
46 years$974$566$314$169$88$44
47 years$943$540$295$156$80$39
48 years$913$515$277$144$73$35
49 years$884$492$261$133$66$31
50 years$856$470$245$123$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $877,000, adding $3,731 every year, while hoping to spend $59,718 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: 54/41/5 Blend
52$877,000$877,000$877,000$877,000
53$970,303$923,822$910,228$1,021,474
54$1,005,734$905,549$877,181$1,038,171
55$1,042,778$884,380$841,026$1,049,396
56$1,081,536$860,109$801,595$1,060,142
57$1,122,117$832,520$758,713$1,070,373
58$1,164,641$801,381$712,198$1,080,051
59$1,209,237$766,451$661,859$1,089,139
60$1,256,044$727,473$607,497$1,097,599
61$1,305,215$684,173$548,902$1,105,395
62$1,356,915$636,265$485,858$1,112,489
63$1,411,323$583,445$418,136$1,118,845
64$1,468,634$525,390$345,500$1,124,431
65$1,529,062$461,761$267,702$1,129,214
66$1,592,838$392,199$184,482$1,133,164
67$1,660,216$316,325$95,570$1,136,255
68$1,731,470$233,738$684$1,138,465
69$1,806,903$144,014$0$1,139,774
70$1,886,843$46,706$0$1,145,537
71$1,971,649$0$0$1,150,771
72$2,061,715$0$0$1,181,922
73$2,157,469$0$0$1,237,487
74$2,259,383$0$0$1,296,673
75$2,367,970$0$0$1,359,784
76$2,483,793$0$0$1,427,154
77$2,607,471$0$0$1,499,148
78$2,739,680$0$0$1,576,169
79$2,881,160$0$0$1,658,655
80$3,032,726$0$0$1,747,089
81$3,195,269$0$0$1,842,000
82$3,369,766$0$0$1,943,968
83$3,557,293$0$0$2,053,630
84$3,759,028$0$0$2,171,686
85$3,976,264$0$0$2,298,904
86$4,210,424$0$0$2,436,128
87$4,463,069$0$0$2,584,285
88$4,735,913$0$0$2,744,394
89$5,030,842$0$0$2,917,575
90$5,349,928$0$0$3,105,057
91$5,695,448$0$0$3,308,193
92$6,069,905$0$0$3,528,472
93$6,476,053$0$0$3,767,529
94$6,916,919$0$0$4,027,163
95$7,395,833$0$0$4,309,353
96$7,916,459$0$0$4,616,276
97$8,482,824$0$0$4,950,328
98$9,099,364$0$0$5,314,143
99$9,770,957$0$0$5,710,622
100$10,502,971$0$0$6,142,957