Can I retire at age 53 with 882,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$72,835$72,186$71,553$70,935$70,332$68,997
2 years$36,057$35,385$34,734$34,103$33,491$32,151
3 years$23,799$23,125$22,475$21,850$21,248$19,945
4 years$17,671$16,999$16,356$15,742$15,154$13,898
5 years$13,996$13,327$12,693$12,091$11,520$10,315
6 years$11,546$10,883$10,258$9,670$9,116$7,962
7 years$9,797$9,139$8,524$7,950$7,413$6,312
8 years$8,486$7,834$7,229$6,669$6,150$5,101
9 years$7,467$6,821$6,227$5,680$5,179$4,181
10 years$6,652$6,012$5,429$4,897$4,413$3,465
11 years$5,985$5,353$4,779$4,262$3,795$2,897
12 years$5,431$4,804$4,241$3,738$3,289$2,438
13 years$4,961$4,342$3,789$3,300$2,868$2,064
14 years$4,560$3,946$3,405$2,929$2,514$1,755
15 years$4,212$3,605$3,074$2,613$2,214$1,498
16 years$3,908$3,308$2,787$2,339$1,956$1,283
17 years$3,640$3,046$2,536$2,102$1,735$1,102
18 years$3,402$2,815$2,315$1,894$1,542$948
19 years$3,189$2,609$2,119$1,711$1,375$818
20 years$2,998$2,424$1,945$1,550$1,228$706
21 years$2,825$2,258$1,789$1,407$1,099$611
22 years$2,668$2,108$1,649$1,279$985$529
23 years$2,525$1,971$1,523$1,165$884$458
24 years$2,394$1,847$1,408$1,062$795$398
25 years$2,274$1,733$1,304$970$715$345
26 years$2,163$1,629$1,210$887$644$300
27 years$2,061$1,533$1,123$812$581$261
28 years$1,966$1,445$1,044$744$524$227
29 years$1,878$1,363$972$682$473$197
30 years$1,795$1,287$905$626$428$172
31 years$1,719$1,217$844$575$387$150
32 years$1,647$1,151$787$529$350$130
33 years$1,580$1,090$735$486$316$113
34 years$1,516$1,033$687$447$287$99
35 years$1,457$980$642$412$260$86
36 years$1,401$930$601$379$235$75
37 years$1,348$884$562$349$213$65
38 years$1,298$840$526$322$193$57
39 years$1,251$798$493$297$175$50
40 years$1,206$760$462$274$159$43
41 years$1,163$723$434$253$144$38
42 years$1,123$689$407$233$131$33
43 years$1,085$656$382$215$119$29
44 years$1,048$625$358$199$108$25
45 years$1,013$596$336$184$98$22
46 years$980$569$316$170$89$19
47 years$948$543$297$157$81$17
48 years$918$518$279$145$73$15
49 years$889$495$262$134$67$13
50 years$861$473$246$124$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $882,000, adding $6,805 every year, while hoping to spend $49,310 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: 86/5/9 Blend
52$882,000$882,000$882,000$882,000
53$978,983$932,237$918,566$1,061,484
54$1,026,374$925,452$896,873$1,109,567
55$1,076,946$916,681$872,800$1,154,950
56$1,130,972$905,775$846,216$1,203,265
57$1,188,750$892,577$816,983$1,254,775
58$1,250,607$876,918$784,957$1,309,767
59$1,316,903$858,621$749,987$1,368,559
60$1,388,031$837,497$711,915$1,431,500
61$1,464,424$813,348$670,578$1,498,972
62$1,546,555$785,962$625,803$1,571,400
63$1,634,946$755,117$577,409$1,649,248
64$1,730,168$720,574$525,209$1,733,028
65$1,832,848$682,086$469,007$1,823,304
66$1,943,678$639,388$408,598$1,920,697
67$2,063,414$592,199$343,768$2,025,892
68$2,192,890$540,224$274,292$2,139,641
69$2,333,022$483,152$199,937$2,262,775
70$2,484,815$420,651$120,460$2,396,207
71$2,649,377$352,374$35,606$2,540,945
72$2,827,924$277,951$0$2,698,097
73$3,021,794$196,993$0$2,874,163
74$3,232,460$109,088$0$3,069,206
75$3,461,541$13,804$0$3,281,313
76$3,710,819$0$0$3,512,150
77$3,982,253$0$0$3,768,463
78$4,278,000$0$0$4,048,573
79$4,600,435$0$0$4,353,969
80$4,952,170$0$0$4,687,127
81$5,336,080$0$0$5,050,773
82$5,755,331$0$0$5,447,906
83$6,213,407$0$0$5,881,828
84$6,714,144$0$0$6,356,174
85$7,261,766$0$0$6,874,947
86$7,860,923$0$0$7,442,554
87$8,516,736$0$0$8,063,848
88$9,234,842$0$0$8,744,171
89$10,021,451$0$0$9,489,408
90$10,883,401$0$0$10,306,040
91$11,828,222$0$0$11,201,202
92$12,864,209$0$0$12,182,755
93$14,000,495$0$0$13,259,355
94$15,247,144$0$0$14,440,539
95$16,615,236$0$0$15,736,809
96$18,116,979$0$0$17,159,733
97$19,765,821$0$0$18,722,055
98$21,576,573$0$0$20,437,813
99$23,565,552$0$0$22,322,471
100$25,750,735$0$0$24,393,064