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%12.2%
1 years$72,835$72,186$71,553$70,935$70,332$69,684
2 years$36,057$35,385$34,734$34,103$33,491$32,839
3 years$23,799$23,125$22,475$21,850$21,248$20,611
4 years$17,671$16,999$16,356$15,742$15,154$14,538
5 years$13,996$13,327$12,693$12,091$11,520$10,926
6 years$11,546$10,883$10,258$9,670$9,116$8,544
7 years$9,797$9,139$8,524$7,950$7,413$6,865
8 years$8,486$7,834$7,229$6,669$6,150$5,624
9 years$7,467$6,821$6,227$5,680$5,179$4,676
10 years$6,652$6,012$5,429$4,897$4,413$3,933
11 years$5,985$5,353$4,779$4,262$3,795$3,337
12 years$5,431$4,804$4,241$3,738$3,289$2,853
13 years$4,961$4,342$3,789$3,300$2,868$2,453
14 years$4,560$3,946$3,405$2,929$2,514$2,120
15 years$4,212$3,605$3,074$2,613$2,214$1,839
16 years$3,908$3,308$2,787$2,339$1,956$1,602
17 years$3,640$3,046$2,536$2,102$1,735$1,399
18 years$3,402$2,815$2,315$1,894$1,542$1,225
19 years$3,189$2,609$2,119$1,711$1,375$1,075
20 years$2,998$2,424$1,945$1,550$1,228$945
21 years$2,825$2,258$1,789$1,407$1,099$832
22 years$2,668$2,108$1,649$1,279$985$734
23 years$2,525$1,971$1,523$1,165$884$648
24 years$2,394$1,847$1,408$1,062$795$573
25 years$2,274$1,733$1,304$970$715$507
26 years$2,163$1,629$1,210$887$644$449
27 years$2,061$1,533$1,123$812$581$398
28 years$1,966$1,445$1,044$744$524$353
29 years$1,878$1,363$972$682$473$313
30 years$1,795$1,287$905$626$428$278
31 years$1,719$1,217$844$575$387$247
32 years$1,647$1,151$787$529$350$219
33 years$1,580$1,090$735$486$316$195
34 years$1,516$1,033$687$447$287$173
35 years$1,457$980$642$412$260$154
36 years$1,401$930$601$379$235$137
37 years$1,348$884$562$349$213$122
38 years$1,298$840$526$322$193$108
39 years$1,251$798$493$297$175$97
40 years$1,206$760$462$274$159$86
41 years$1,163$723$434$253$144$77
42 years$1,123$689$407$233$131$68
43 years$1,085$656$382$215$119$61
44 years$1,048$625$358$199$108$54
45 years$1,013$596$336$184$98$48
46 years$980$569$316$170$89$43
47 years$948$543$297$157$81$38
48 years$918$518$279$145$73$34
49 years$889$495$262$134$67$30
50 years$861$473$246$124$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $882,000, adding $2,792 every year, while hoping to spend $37,942 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: 50/25/25 Blend
52$882,000$882,000$882,000$882,000
53$974,844$928,098$914,427$1,016,591
54$1,033,908$933,205$904,690$1,051,057
55$1,097,725$937,290$893,356$1,084,454
56$1,166,740$940,264$880,330$1,119,989
57$1,241,441$942,031$865,514$1,157,882
58$1,322,366$942,488$848,807$1,198,375
59$1,410,105$941,528$830,101$1,241,737
60$1,505,309$939,037$809,282$1,288,269
61$1,608,692$934,891$786,235$1,338,301
62$1,721,041$928,962$760,835$1,392,200
63$1,843,219$921,113$732,955$1,450,375
64$1,976,178$911,199$702,460$1,513,277
65$2,120,965$899,064$669,209$1,581,405
66$2,278,731$884,546$633,056$1,655,314
67$2,450,745$867,472$593,846$1,735,617
68$2,638,401$847,658$551,420$1,822,994
69$2,843,235$824,910$505,609$1,918,196
70$3,066,937$799,023$456,239$2,022,056
71$3,311,367$769,778$403,127$2,135,494
72$3,578,575$736,946$346,080$2,259,531
73$3,870,816$700,283$284,900$2,395,293
74$4,190,574$659,531$219,378$2,544,026
75$4,540,582$614,417$149,297$2,707,112
76$4,923,851$564,654$74,429$2,886,074
77$5,343,699$509,936$0$3,082,598
78$5,803,775$449,943$0$3,300,007
79$6,308,103$384,332$0$3,560,186
80$6,861,110$312,746$0$3,845,604
81$7,467,677$234,803$0$4,158,849
82$8,133,175$150,104$0$4,502,778
83$8,863,523$58,223$0$4,880,538
84$9,665,241$0$0$5,295,605
85$10,545,510$0$0$5,763,168
86$11,512,241$0$0$6,294,343
87$12,574,147$0$0$6,877,913
88$13,740,829$0$0$7,519,166
89$15,022,862$0$0$8,223,927
90$16,431,898$0$0$8,998,615
91$17,980,771$0$0$9,850,301
92$19,683,623$0$0$10,786,773
93$21,556,033$0$0$11,816,616
94$23,615,167$0$0$12,949,285
95$25,879,936$0$0$14,195,198
96$28,371,176$0$0$15,565,835
97$31,111,844$0$0$17,073,843
98$34,127,234$0$0$18,733,156
99$37,445,217$0$0$20,559,130
100$41,096,500$0$0$22,568,681