Can I retire at age 53 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$72,835$72,186$71,553$70,935$70,332$69,338
2 years$36,057$35,385$34,734$34,103$33,491$32,492
3 years$23,799$23,125$22,475$21,850$21,248$20,275
4 years$17,671$16,999$16,356$15,742$15,154$14,214
5 years$13,996$13,327$12,693$12,091$11,520$10,615
6 years$11,546$10,883$10,258$9,670$9,116$8,247
7 years$9,797$9,139$8,524$7,950$7,413$6,582
8 years$8,486$7,834$7,229$6,669$6,150$5,356
9 years$7,467$6,821$6,227$5,680$5,179$4,422
10 years$6,652$6,012$5,429$4,897$4,413$3,692
11 years$5,985$5,353$4,779$4,262$3,795$3,110
12 years$5,431$4,804$4,241$3,738$3,289$2,638
13 years$4,961$4,342$3,789$3,300$2,868$2,251
14 years$4,560$3,946$3,405$2,929$2,514$1,929
15 years$4,212$3,605$3,074$2,613$2,214$1,661
16 years$3,908$3,308$2,787$2,339$1,956$1,434
17 years$3,640$3,046$2,536$2,102$1,735$1,242
18 years$3,402$2,815$2,315$1,894$1,542$1,078
19 years$3,189$2,609$2,119$1,711$1,375$938
20 years$2,998$2,424$1,945$1,550$1,228$817
21 years$2,825$2,258$1,789$1,407$1,099$713
22 years$2,668$2,108$1,649$1,279$985$623
23 years$2,525$1,971$1,523$1,165$884$545
24 years$2,394$1,847$1,408$1,062$795$478
25 years$2,274$1,733$1,304$970$715$419
26 years$2,163$1,629$1,210$887$644$367
27 years$2,061$1,533$1,123$812$581$322
28 years$1,966$1,445$1,044$744$524$283
29 years$1,878$1,363$972$682$473$249
30 years$1,795$1,287$905$626$428$219
31 years$1,719$1,217$844$575$387$192
32 years$1,647$1,151$787$529$350$169
33 years$1,580$1,090$735$486$316$149
34 years$1,516$1,033$687$447$287$131
35 years$1,457$980$642$412$260$115
36 years$1,401$930$601$379$235$102
37 years$1,348$884$562$349$213$89
38 years$1,298$840$526$322$193$79
39 years$1,251$798$493$297$175$69
40 years$1,206$760$462$274$159$61
41 years$1,163$723$434$253$144$54
42 years$1,123$689$407$233$131$47
43 years$1,085$656$382$215$119$42
44 years$1,048$625$358$199$108$37
45 years$1,013$596$336$184$98$33
46 years$980$569$316$170$89$29
47 years$948$543$297$157$81$25
48 years$918$518$279$145$73$22
49 years$889$495$262$134$67$20
50 years$861$473$246$124$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $882,000, adding $4,850 every year, while hoping to spend $58,546 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: 53/41/6 Blend
52$882,000$882,000$882,000$882,000
53$976,967$930,221$916,550$1,027,140
54$1,014,325$913,509$884,962$1,044,938
55$1,053,531$894,016$850,353$1,057,457
56$1,094,713$871,544$812,561$1,069,655
57$1,138,007$845,884$771,416$1,081,513
58$1,183,564$816,812$726,738$1,093,011
59$1,231,546$784,094$678,342$1,104,132
60$1,282,131$747,482$626,034$1,114,861
61$1,335,512$706,712$569,610$1,125,185
62$1,391,899$661,507$508,857$1,135,095
63$1,451,524$611,572$443,555$1,144,585
64$1,514,637$556,596$373,471$1,153,653
65$1,581,511$496,250$298,364$1,162,304
66$1,652,446$430,187$217,980$1,170,547
67$1,727,770$358,041$132,057$1,178,400
68$1,807,840$279,423$40,318$1,185,888
69$1,893,048$193,923$0$1,193,045
70$1,983,823$101,109$0$1,203,606
71$2,080,634$525$0$1,216,934
72$2,183,995$0$0$1,230,540
73$2,294,470$0$0$1,293,401
74$2,412,677$0$0$1,360,970
75$2,539,291$0$0$1,433,402
76$2,675,057$0$0$1,511,132
77$2,820,788$0$0$1,594,634
78$2,977,380$0$0$1,684,427
79$3,145,814$0$0$1,781,084
80$3,327,167$0$0$1,885,233
81$3,522,624$0$0$1,997,564
82$3,733,483$0$0$2,118,833
83$3,961,175$0$0$2,249,873
84$4,207,267$0$0$2,391,600
85$4,473,485$0$0$2,545,018
86$4,761,726$0$0$2,711,233
87$5,074,073$0$0$2,891,461
88$5,412,820$0$0$3,087,038
89$5,780,486$0$0$3,299,434
90$6,179,844$0$0$3,530,266
91$6,613,943$0$0$3,781,314
92$7,086,140$0$0$4,054,534
93$7,600,123$0$0$4,352,079
94$8,159,956$0$0$4,676,319
95$8,770,107$0$0$5,029,862
96$9,435,496$0$0$5,415,578
97$10,161,535$0$0$5,836,626
98$10,954,185$0$0$6,296,484
99$11,820,004$0$0$6,798,980
100$12,766,214$0$0$7,348,328