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%14.3%
1 years$72,422$71,777$71,147$70,533$69,933$68,690
2 years$35,852$35,185$34,538$33,910$33,302$32,053
3 years$23,664$22,994$22,348$21,727$21,128$19,913
4 years$17,571$16,903$16,264$15,653$15,069$13,897
5 years$13,916$13,252$12,621$12,023$11,455$10,330
6 years$11,481$10,821$10,200$9,615$9,064$7,987
7 years$9,742$9,088$8,476$7,905$7,371$6,342
8 years$8,438$7,790$7,188$6,631$6,115$5,134
9 years$7,424$6,782$6,191$5,648$5,150$4,216
10 years$6,614$5,978$5,398$4,869$4,388$3,501
11 years$5,951$5,322$4,752$4,237$3,774$2,932
12 years$5,400$4,777$4,217$3,717$3,270$2,473
13 years$4,933$4,317$3,768$3,281$2,852$2,097
14 years$4,534$3,924$3,386$2,913$2,500$1,787
15 years$4,188$3,585$3,057$2,598$2,201$1,529
16 years$3,885$3,289$2,771$2,326$1,945$1,312
17 years$3,619$3,029$2,522$2,090$1,725$1,129
18 years$3,382$2,799$2,302$1,883$1,534$974
19 years$3,171$2,594$2,107$1,702$1,367$841
20 years$2,981$2,410$1,934$1,541$1,221$728
21 years$2,809$2,245$1,779$1,399$1,093$631
22 years$2,653$2,096$1,640$1,272$979$548
23 years$2,511$1,960$1,514$1,158$879$476
24 years$2,381$1,837$1,400$1,056$790$414
25 years$2,261$1,724$1,297$965$711$360
26 years$2,151$1,620$1,203$882$641$314
27 years$2,049$1,524$1,117$807$577$273
28 years$1,955$1,436$1,038$740$521$238
29 years$1,867$1,355$966$678$471$208
30 years$1,785$1,280$900$623$425$181
31 years$1,709$1,210$839$572$384$158
32 years$1,638$1,145$783$526$348$138
33 years$1,571$1,084$731$483$315$121
34 years$1,508$1,027$683$445$285$106
35 years$1,449$975$638$409$258$92
36 years$1,393$925$597$377$234$81
37 years$1,340$879$559$347$212$70
38 years$1,291$835$524$320$192$62
39 years$1,244$794$490$295$174$54
40 years$1,199$755$460$272$158$47
41 years$1,157$719$431$251$143$41
42 years$1,117$685$404$232$130$36
43 years$1,078$652$379$214$118$31
44 years$1,042$622$356$198$107$28
45 years$1,007$593$334$182$97$24
46 years$974$566$314$169$88$21
47 years$943$540$295$156$80$18
48 years$913$515$277$144$73$16
49 years$884$492$261$133$66$14
50 years$856$470$245$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $877,000, adding $6,773 every year, while hoping to spend $57,234 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: 75/15/10 Blend
52$877,000$877,000$877,000$877,000
53$973,440$926,959$913,366$1,044,193
54$1,011,835$911,484$883,067$1,076,279
55$1,052,227$893,332$849,835$1,103,539
56$1,094,761$872,312$813,511$1,131,804
57$1,139,592$848,220$773,929$1,161,154
58$1,186,891$820,843$730,916$1,191,677
59$1,236,842$789,954$684,291$1,223,472
60$1,289,649$755,310$633,863$1,256,649
61$1,345,531$716,658$579,435$1,291,330
62$1,404,730$673,729$520,801$1,327,651
63$1,467,509$626,238$457,745$1,365,762
64$1,534,155$573,884$390,039$1,405,832
65$1,604,984$516,349$317,450$1,448,044
66$1,680,339$453,297$239,732$1,492,607
67$1,760,597$384,372$156,626$1,539,748
68$1,846,170$309,199$67,866$1,589,723
69$1,937,511$227,381$0$1,642,814
70$2,035,114$138,500$0$1,702,199
71$2,139,522$42,113$0$1,773,275
72$2,251,329$0$0$1,849,210
73$2,371,189$0$0$1,940,741
74$2,499,816$0$0$2,046,452
75$2,637,996$0$0$2,160,039
76$2,786,591$0$0$2,282,214
77$2,946,548$0$0$2,413,760
78$3,118,906$0$0$2,555,535
79$3,304,807$0$0$2,708,481
80$3,505,504$0$0$2,873,635
81$3,722,376$0$0$3,052,134
82$3,956,937$0$0$3,245,230
83$4,210,852$0$0$3,454,297
84$4,485,951$0$0$3,680,848
85$4,784,246$0$0$3,926,545
86$5,107,950$0$0$4,193,217
87$5,459,497$0$0$4,482,872
88$5,841,564$0$0$4,797,724
89$6,257,095$0$0$5,140,205
90$6,709,331$0$0$5,512,993
91$7,201,836$0$0$5,919,032
92$7,738,533$0$0$6,361,564
93$8,323,740$0$0$6,844,156
94$8,962,208$0$0$7,370,734
95$9,659,168$0$0$7,945,621
96$10,420,376$0$0$8,573,572
97$11,252,171$0$0$9,259,826
98$12,161,529$0$0$10,010,148
99$13,156,134$0$0$10,830,886
100$14,244,443$0$0$11,729,030