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%16.5%
1 years$72,752$72,104$71,472$70,855$70,252$68,387
2 years$36,016$35,345$34,695$34,065$33,453$31,588
3 years$23,772$23,098$22,450$21,826$21,224$19,416
4 years$17,651$16,980$16,338$15,724$15,137$13,400
5 years$13,980$13,312$12,679$12,078$11,507$9,846
6 years$11,533$10,871$10,246$9,659$9,105$7,522
7 years$9,786$9,129$8,515$7,941$7,405$5,900
8 years$8,476$7,825$7,221$6,661$6,143$4,715
9 years$7,458$6,813$6,220$5,674$5,173$3,821
10 years$6,644$6,006$5,422$4,891$4,408$3,130
11 years$5,979$5,346$4,774$4,257$3,791$2,585
12 years$5,424$4,799$4,237$3,734$3,285$2,149
13 years$4,956$4,337$3,785$3,296$2,865$1,796
14 years$4,554$3,942$3,401$2,926$2,511$1,508
15 years$4,207$3,601$3,071$2,610$2,211$1,270
16 years$3,903$3,304$2,784$2,337$1,954$1,073
17 years$3,635$3,043$2,533$2,099$1,733$909
18 years$3,398$2,812$2,313$1,892$1,541$771
19 years$3,185$2,606$2,117$1,710$1,373$656
20 years$2,994$2,421$1,943$1,548$1,227$558
21 years$2,822$2,255$1,787$1,405$1,098$476
22 years$2,665$2,105$1,647$1,278$984$406
23 years$2,522$1,969$1,521$1,164$883$347
24 years$2,391$1,845$1,406$1,061$794$296
25 years$2,271$1,731$1,303$969$714$253
26 years$2,161$1,627$1,208$886$643$217
27 years$2,058$1,531$1,122$811$580$186
28 years$1,964$1,443$1,043$743$523$159
29 years$1,875$1,361$971$682$473$136
30 years$1,793$1,286$904$625$427$117
31 years$1,717$1,215$843$574$386$100
32 years$1,645$1,150$786$528$349$86
33 years$1,578$1,089$734$485$316$74
34 years$1,515$1,032$686$447$286$63
35 years$1,455$979$641$411$259$54
36 years$1,399$929$600$379$235$46
37 years$1,346$883$562$349$213$40
38 years$1,296$839$526$322$193$34
39 years$1,249$798$493$297$175$29
40 years$1,204$759$462$274$159$25
41 years$1,162$722$433$252$144$22
42 years$1,122$688$406$233$131$19
43 years$1,083$655$381$215$119$16
44 years$1,047$625$358$199$108$14
45 years$1,012$596$336$183$98$12
46 years$979$568$316$169$89$10
47 years$947$542$296$156$81$9
48 years$917$518$279$145$73$7
49 years$888$494$262$134$66$6
50 years$860$472$246$123$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $881,000, adding $6,668 every year, while hoping to spend $45,730 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: 46/30/24 Blend
52$881,000$881,000$881,000$881,000
53$977,740$931,047$917,392$1,015,707
54$1,028,813$928,012$899,468$1,040,065
55$1,083,563$923,296$879,411$1,061,466
56$1,142,316$916,767$857,101$1,083,771
57$1,205,432$908,288$832,413$1,107,087
58$1,273,303$897,711$805,216$1,131,535
59$1,346,362$884,881$775,373$1,157,251
60$1,425,083$869,632$742,740$1,184,388
61$1,509,988$851,790$707,168$1,213,119
62$1,601,649$831,170$668,500$1,243,636
63$1,700,694$807,575$626,572$1,276,155
64$1,807,816$780,797$581,214$1,310,921
65$1,923,775$750,618$532,246$1,348,205
66$2,049,406$716,804$479,482$1,388,311
67$2,185,627$679,109$422,726$1,431,579
68$2,333,449$637,273$361,776$1,478,389
69$2,493,983$591,022$296,417$1,529,165
70$2,668,450$540,063$226,429$1,584,379
71$2,858,196$484,090$151,578$1,644,560
72$3,064,700$422,778$71,623$1,710,295
73$3,289,588$355,783$0$1,782,238
74$3,534,652$282,742$0$1,864,626
75$3,801,862$203,273$0$1,974,563
76$4,093,389$116,969$0$2,094,659
77$4,411,618$23,405$0$2,225,990
78$4,759,179$0$0$2,369,746
79$5,138,965$0$0$2,552,950
80$5,554,162$0$0$2,761,781
81$6,008,275$0$0$2,990,287
82$6,505,167$0$0$3,240,426
83$7,049,090$0$0$3,514,350
84$7,644,725$0$0$3,814,432
85$8,297,228$0$0$4,143,283
86$9,012,279$0$0$4,503,779
87$9,796,130$0$0$4,899,090
88$10,655,668$0$0$5,332,704
89$11,598,480$0$0$5,808,465
90$12,632,920$0$0$6,330,606
91$13,768,192$0$0$6,903,790
92$15,014,434$0$0$7,533,154
93$16,382,811$0$0$8,224,356
94$17,885,626$0$0$8,983,630
95$19,536,428$0$0$9,817,841
96$21,350,146$0$0$10,734,556
97$23,343,225$0$0$11,742,107
98$25,533,782$0$0$12,849,677
99$27,941,777$0$0$14,067,379
100$30,589,198$0$0$15,406,359