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%15.4%
1 years$72,752$72,104$71,472$70,855$70,252$68,693
2 years$36,016$35,345$34,695$34,065$33,453$31,891
3 years$23,772$23,098$22,450$21,826$21,224$19,707
4 years$17,651$16,980$16,338$15,724$15,137$13,677
5 years$13,980$13,312$12,679$12,078$11,507$10,108
6 years$11,533$10,871$10,246$9,659$9,105$7,768
7 years$9,786$9,129$8,515$7,941$7,405$6,131
8 years$8,476$7,825$7,221$6,661$6,143$4,931
9 years$7,458$6,813$6,220$5,674$5,173$4,023
10 years$6,644$6,006$5,422$4,891$4,408$3,318
11 years$5,979$5,346$4,774$4,257$3,791$2,760
12 years$5,424$4,799$4,237$3,734$3,285$2,311
13 years$4,956$4,337$3,785$3,296$2,865$1,946
14 years$4,554$3,942$3,401$2,926$2,511$1,646
15 years$4,207$3,601$3,071$2,610$2,211$1,397
16 years$3,903$3,304$2,784$2,337$1,954$1,190
17 years$3,635$3,043$2,533$2,099$1,733$1,016
18 years$3,398$2,812$2,313$1,892$1,541$869
19 years$3,185$2,606$2,117$1,710$1,373$745
20 years$2,994$2,421$1,943$1,548$1,227$639
21 years$2,822$2,255$1,787$1,405$1,098$550
22 years$2,665$2,105$1,647$1,278$984$473
23 years$2,522$1,969$1,521$1,164$883$407
24 years$2,391$1,845$1,406$1,061$794$351
25 years$2,271$1,731$1,303$969$714$303
26 years$2,161$1,627$1,208$886$643$262
27 years$2,058$1,531$1,122$811$580$226
28 years$1,964$1,443$1,043$743$523$195
29 years$1,875$1,361$971$682$473$169
30 years$1,793$1,286$904$625$427$146
31 years$1,717$1,215$843$574$386$126
32 years$1,645$1,150$786$528$349$109
33 years$1,578$1,089$734$485$316$95
34 years$1,515$1,032$686$447$286$82
35 years$1,455$979$641$411$259$71
36 years$1,399$929$600$379$235$61
37 years$1,346$883$562$349$213$53
38 years$1,296$839$526$322$193$46
39 years$1,249$798$493$297$175$40
40 years$1,204$759$462$274$159$34
41 years$1,162$722$433$252$144$30
42 years$1,122$688$406$233$131$26
43 years$1,083$655$381$215$119$22
44 years$1,047$625$358$199$108$19
45 years$1,012$596$336$183$98$17
46 years$979$568$316$169$89$15
47 years$947$542$296$156$81$13
48 years$917$518$279$145$73$11
49 years$888$494$262$134$66$9
50 years$860$472$246$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $881,000, adding $2,817 every year, while hoping to spend $54,392 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: 78/6/16 Blend
52$881,000$881,000$881,000$881,000
53$973,768$927,075$913,419$1,046,150
54$1,015,219$914,629$886,146$1,081,827
55$1,059,076$899,750$856,136$1,113,785
56$1,105,526$882,262$823,241$1,147,336
57$1,154,774$861,977$787,304$1,182,619
58$1,207,044$838,697$748,162$1,219,787
59$1,262,582$812,213$705,645$1,259,009
60$1,321,657$782,302$659,575$1,300,473
61$1,384,561$748,730$609,766$1,344,387
62$1,451,616$711,248$556,023$1,390,978
63$1,523,175$669,593$498,144$1,440,500
64$1,599,623$623,487$435,916$1,493,231
65$1,681,382$572,636$369,117$1,549,480
66$1,768,917$516,729$297,516$1,609,588
67$1,862,736$455,438$220,872$1,673,931
68$1,963,395$388,415$138,932$1,742,926
69$2,071,508$315,294$51,432$1,817,032
70$2,187,746$235,687$0$1,896,756
71$2,312,845$149,185$0$1,989,820
72$2,447,616$55,356$0$2,099,519
73$2,592,948$0$0$2,217,797
74$2,749,817$0$0$2,348,520
75$2,919,297$0$0$2,493,722
76$3,102,568$0$0$2,650,763
77$3,300,925$0$0$2,820,757
78$3,515,795$0$0$3,004,928
79$3,748,744$0$0$3,204,622
80$4,001,496$0$0$3,421,322
81$4,275,945$0$0$3,656,654
82$4,574,176$0$0$3,912,410
83$4,898,482$0$0$4,190,560
84$5,251,387$0$0$4,493,274
85$5,635,665$0$0$4,822,935
86$6,054,372$0$0$5,182,169
87$6,510,869$0$0$5,573,865
88$7,008,856$0$0$6,001,202
89$7,552,404$0$0$6,467,679
90$8,145,997$0$0$6,977,150
91$8,794,568$0$0$7,533,854
92$9,503,550$0$0$8,142,460
93$10,278,925$0$0$8,808,109
94$11,127,277$0$0$9,536,461
95$12,055,859$0$0$10,333,747
96$13,072,653$0$0$11,206,830
97$14,186,455$0$0$12,163,267
98$15,406,946$0$0$13,211,381
99$16,744,793$0$0$14,360,338
100$18,211,739$0$0$15,620,233