Can I retire at age 53 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$72,752$72,104$71,472$70,855$70,252$68,443
2 years$36,016$35,345$34,695$34,065$33,453$31,643
3 years$23,772$23,098$22,450$21,826$21,224$19,468
4 years$17,651$16,980$16,338$15,724$15,137$13,450
5 years$13,980$13,312$12,679$12,078$11,507$9,893
6 years$11,533$10,871$10,246$9,659$9,105$7,566
7 years$9,786$9,129$8,515$7,941$7,405$5,941
8 years$8,476$7,825$7,221$6,661$6,143$4,754
9 years$7,458$6,813$6,220$5,674$5,173$3,857
10 years$6,644$6,006$5,422$4,891$4,408$3,163
11 years$5,979$5,346$4,774$4,257$3,791$2,616
12 years$5,424$4,799$4,237$3,734$3,285$2,178
13 years$4,956$4,337$3,785$3,296$2,865$1,823
14 years$4,554$3,942$3,401$2,926$2,511$1,532
15 years$4,207$3,601$3,071$2,610$2,211$1,292
16 years$3,903$3,304$2,784$2,337$1,954$1,094
17 years$3,635$3,043$2,533$2,099$1,733$928
18 years$3,398$2,812$2,313$1,892$1,541$788
19 years$3,185$2,606$2,117$1,710$1,373$671
20 years$2,994$2,421$1,943$1,548$1,227$572
21 years$2,822$2,255$1,787$1,405$1,098$489
22 years$2,665$2,105$1,647$1,278$984$418
23 years$2,522$1,969$1,521$1,164$883$357
24 years$2,391$1,845$1,406$1,061$794$306
25 years$2,271$1,731$1,303$969$714$262
26 years$2,161$1,627$1,208$886$643$224
27 years$2,058$1,531$1,122$811$580$192
28 years$1,964$1,443$1,043$743$523$165
29 years$1,875$1,361$971$682$473$142
30 years$1,793$1,286$904$625$427$122
31 years$1,717$1,215$843$574$386$104
32 years$1,645$1,150$786$528$349$90
33 years$1,578$1,089$734$485$316$77
34 years$1,515$1,032$686$447$286$66
35 years$1,455$979$641$411$259$57
36 years$1,399$929$600$379$235$49
37 years$1,346$883$562$349$213$42
38 years$1,296$839$526$322$193$36
39 years$1,249$798$493$297$175$31
40 years$1,204$759$462$274$159$27
41 years$1,162$722$433$252$144$23
42 years$1,122$688$406$233$131$20
43 years$1,083$655$381$215$119$17
44 years$1,047$625$358$199$108$15
45 years$1,012$596$336$183$98$13
46 years$979$568$316$169$89$11
47 years$947$542$296$156$81$9
48 years$917$518$279$145$73$8
49 years$888$494$262$134$66$7
50 years$860$472$246$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $881,000, adding $6,302 every year, while hoping to spend $44,183 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: 55/18/27 Blend
52$881,000$881,000$881,000$881,000
53$977,363$930,670$917,014$1,023,516
54$1,030,043$929,262$900,724$1,054,592
55$1,086,616$926,305$882,407$1,083,321
56$1,147,433$921,675$861,949$1,113,712
57$1,212,876$915,243$839,230$1,145,939
58$1,283,370$906,870$814,124$1,180,200
59$1,359,378$896,411$786,502$1,216,709
60$1,441,410$883,710$756,224$1,255,709
61$1,530,025$868,603$723,149$1,297,469
62$1,625,838$850,916$687,126$1,342,286
63$1,729,527$830,464$647,998$1,390,492
64$1,841,835$807,053$605,602$1,442,456
65$1,963,579$780,475$559,766$1,498,585
66$2,095,658$750,512$510,312$1,559,335
67$2,239,060$716,932$457,053$1,625,207
68$2,394,873$679,491$399,793$1,696,762
69$2,564,293$637,929$338,329$1,774,618
70$2,748,636$591,972$272,448$1,859,461
71$2,949,350$541,332$201,928$1,952,053
72$3,168,027$485,701$126,536$2,053,238
73$3,406,422$424,756$46,031$2,163,948
74$3,666,464$358,156$0$2,285,219
75$3,950,276$285,539$0$2,429,686
76$4,260,197$206,523$0$2,602,027
77$4,598,800$120,705$0$2,790,450
78$4,968,919$27,661$0$2,996,590
79$5,373,672$0$0$3,222,254
80$5,816,495$0$0$3,483,903
81$6,301,170$0$0$3,776,358
82$6,831,859$0$0$4,096,662
83$7,413,151$0$0$4,447,592
84$8,050,094$0$0$4,832,209
85$8,748,250$0$0$5,253,883
86$9,513,745$0$0$5,716,324
87$10,353,326$0$0$6,223,620
88$11,274,423$0$0$6,780,274
89$12,285,221$0$0$7,391,245
90$13,394,737$0$0$8,061,995
91$14,612,900$0$0$8,798,542
92$15,950,650$0$0$9,607,515
93$17,420,039$0$0$10,496,216
94$19,034,342$0$0$11,472,690
95$20,808,184$0$0$12,545,799
96$22,757,676$0$0$13,725,306
97$24,900,569$0$0$15,021,967
98$27,256,418$0$0$16,447,634
99$29,846,767$0$0$18,015,361
100$32,695,353$0$0$19,739,534