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%14%
1 years$72,835$72,186$71,553$70,935$70,332$69,167
2 years$36,057$35,385$34,734$34,103$33,491$32,321
3 years$23,799$23,125$22,475$21,850$21,248$20,109
4 years$17,671$16,999$16,356$15,742$15,154$14,055
5 years$13,996$13,327$12,693$12,091$11,520$10,464
6 years$11,546$10,883$10,258$9,670$9,116$8,103
7 years$9,797$9,139$8,524$7,950$7,413$6,446
8 years$8,486$7,834$7,229$6,669$6,150$5,227
9 years$7,467$6,821$6,227$5,680$5,179$4,300
10 years$6,652$6,012$5,429$4,897$4,413$3,577
11 years$5,985$5,353$4,779$4,262$3,795$3,001
12 years$5,431$4,804$4,241$3,738$3,289$2,536
13 years$4,961$4,342$3,789$3,300$2,868$2,155
14 years$4,560$3,946$3,405$2,929$2,514$1,840
15 years$4,212$3,605$3,074$2,613$2,214$1,578
16 years$3,908$3,308$2,787$2,339$1,956$1,357
17 years$3,640$3,046$2,536$2,102$1,735$1,170
18 years$3,402$2,815$2,315$1,894$1,542$1,011
19 years$3,189$2,609$2,119$1,711$1,375$876
20 years$2,998$2,424$1,945$1,550$1,228$760
21 years$2,825$2,258$1,789$1,407$1,099$660
22 years$2,668$2,108$1,649$1,279$985$574
23 years$2,525$1,971$1,523$1,165$884$500
24 years$2,394$1,847$1,408$1,062$795$436
25 years$2,274$1,733$1,304$970$715$380
26 years$2,163$1,629$1,210$887$644$332
27 years$2,061$1,533$1,123$812$581$290
28 years$1,966$1,445$1,044$744$524$253
29 years$1,878$1,363$972$682$473$222
30 years$1,795$1,287$905$626$428$194
31 years$1,719$1,217$844$575$387$170
32 years$1,647$1,151$787$529$350$148
33 years$1,580$1,090$735$486$316$130
34 years$1,516$1,033$687$447$287$114
35 years$1,457$980$642$412$260$100
36 years$1,401$930$601$379$235$87
37 years$1,348$884$562$349$213$77
38 years$1,298$840$526$322$193$67
39 years$1,251$798$493$297$175$59
40 years$1,206$760$462$274$159$52
41 years$1,163$723$434$253$144$45
42 years$1,123$689$407$233$131$40
43 years$1,085$656$382$215$119$35
44 years$1,048$625$358$199$108$30
45 years$1,013$596$336$184$98$27
46 years$980$569$316$170$89$23
47 years$948$543$297$157$81$21
48 years$918$518$279$145$73$18
49 years$889$495$262$134$67$16
50 years$861$473$246$124$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $882,000, adding $4,396 every year, while hoping to spend $33,971 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: 89/5/6 Blend
52$882,000$882,000$882,000$882,000
53$976,498$929,752$916,081$1,062,870
54$1,039,956$939,165$910,625$1,129,138
55$1,108,749$947,901$903,848$1,196,754
56$1,183,383$955,890$895,669$1,269,978
57$1,264,419$963,060$886,004$1,349,348
58$1,352,471$969,331$874,767$1,435,459
59$1,448,215$974,620$861,864$1,528,963
60$1,552,395$978,839$847,199$1,630,580
61$1,665,831$981,894$830,671$1,741,101
62$1,789,422$983,683$812,175$1,861,399
63$1,924,161$984,101$791,600$1,992,432
64$2,071,137$983,034$768,831$2,135,260
65$2,231,553$980,362$743,747$2,291,044
66$2,406,730$975,958$716,220$2,461,069
67$2,598,122$969,686$686,120$2,646,745
68$2,807,333$961,403$653,307$2,849,628
69$3,036,126$950,957$617,638$3,071,430
70$3,286,442$938,185$578,961$3,314,040
71$3,560,421$922,918$537,117$3,579,536
72$3,860,417$904,974$491,943$3,870,207
73$4,189,022$884,160$443,266$4,188,576
74$4,549,093$860,275$390,906$4,537,421
75$4,943,773$833,101$334,675$4,919,806
76$5,376,528$802,413$274,376$5,339,102
77$5,851,170$767,968$209,804$5,799,026
78$6,371,903$729,512$140,746$6,303,672
79$6,943,354$686,774$66,978$6,857,552
80$7,570,620$639,471$0$7,465,636
81$8,259,318$587,299$0$8,134,153
82$9,015,632$529,941$0$8,873,009
83$9,846,377$467,058$0$9,684,580
84$10,759,060$398,296$0$10,576,207
85$11,761,949$323,277$0$11,555,981
86$12,864,154$241,605$0$12,632,818
87$14,075,714$152,859$0$13,816,538
88$15,407,683$56,596$0$15,117,964
89$16,872,246$0$0$16,549,018
90$18,482,822$0$0$18,125,461
91$20,254,201$0$0$19,862,726
92$22,202,672$0$0$21,773,680
93$24,346,188$0$0$23,875,926
94$26,704,527$0$0$26,188,864
95$29,299,479$0$0$28,733,865
96$32,155,055$0$0$31,534,480
97$35,297,712$0$0$34,616,654
98$38,756,600$0$0$38,008,978
99$42,563,837$0$0$41,742,955
100$46,754,815$0$0$45,853,294