Can I retire at age 53 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$73,000$72,350$71,715$71,096$70,491$69,352
2 years$36,139$35,466$34,813$34,181$33,567$32,423
3 years$23,853$23,177$22,526$21,900$21,296$20,182
4 years$17,712$17,038$16,393$15,778$15,189$14,113
5 years$14,028$13,358$12,722$12,119$11,546$10,513
6 years$11,572$10,908$10,281$9,691$9,136$8,146
7 years$9,819$9,160$8,544$7,968$7,430$6,483
8 years$8,505$7,852$7,246$6,684$6,164$5,260
9 years$7,484$6,837$6,241$5,693$5,191$4,330
10 years$6,667$6,026$5,441$4,908$4,423$3,604
11 years$5,999$5,365$4,790$4,271$3,804$3,026
12 years$5,443$4,815$4,251$3,746$3,296$2,559
13 years$4,973$4,351$3,798$3,308$2,875$2,176
14 years$4,570$3,955$3,413$2,936$2,520$1,859
15 years$4,221$3,613$3,081$2,618$2,219$1,595
16 years$3,916$3,315$2,793$2,345$1,961$1,372
17 years$3,648$3,053$2,542$2,107$1,739$1,184
18 years$3,409$2,821$2,320$1,898$1,546$1,024
19 years$3,196$2,615$2,124$1,715$1,378$888
20 years$3,004$2,430$1,950$1,554$1,231$771
21 years$2,831$2,263$1,793$1,410$1,101$670
22 years$2,674$2,113$1,653$1,282$987$584
23 years$2,531$1,976$1,526$1,168$886$509
24 years$2,400$1,851$1,411$1,065$797$444
25 years$2,279$1,737$1,307$973$717$387
26 years$2,168$1,633$1,212$889$646$338
27 years$2,065$1,537$1,126$814$582$296
28 years$1,970$1,448$1,047$746$525$259
29 years$1,882$1,366$974$684$474$226
30 years$1,799$1,290$907$628$429$198
31 years$1,723$1,219$846$576$387$174
32 years$1,651$1,154$789$530$350$152
33 years$1,583$1,093$737$487$317$133
34 years$1,520$1,036$688$448$287$117
35 years$1,460$982$644$413$260$102
36 years$1,404$932$602$380$236$90
37 years$1,351$886$563$350$214$79
38 years$1,301$842$528$323$194$69
39 years$1,253$800$494$298$176$61
40 years$1,209$761$463$274$159$53
41 years$1,166$725$435$253$144$47
42 years$1,125$690$408$234$131$41
43 years$1,087$658$382$216$119$36
44 years$1,050$627$359$199$108$32
45 years$1,015$598$337$184$98$28
46 years$982$570$317$170$89$24
47 years$950$544$297$157$81$21
48 years$920$520$280$145$73$19
49 years$891$496$263$134$67$16
50 years$863$474$247$124$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $884,000, adding $3,060 every year, while hoping to spend $37,952 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: 24/49/27 Blend
52$884,000$884,000$884,000$884,000
53$977,324$930,472$916,770$992,393
54$1,036,631$935,685$907,102$1,010,565
55$1,100,715$939,881$895,837$1,026,600
56$1,170,023$942,970$882,883$1,042,980
57$1,245,047$944,858$868,141$1,059,757
58$1,326,328$945,442$851,510$1,076,993
59$1,414,459$944,614$832,881$1,094,762
60$1,510,094$942,261$812,143$1,113,144
61$1,613,953$938,260$789,179$1,132,236
62$1,726,824$932,483$763,864$1,152,146
63$1,849,578$924,792$736,071$1,172,997
64$1,983,171$915,044$705,666$1,194,931
65$2,128,656$903,082$672,508$1,218,108
66$2,287,192$888,746$636,449$1,242,710
67$2,460,052$871,862$597,338$1,268,941
68$2,648,641$852,247$555,012$1,297,036
69$2,854,502$829,707$509,305$1,327,255
70$3,079,336$804,037$460,041$1,359,894
71$3,325,013$775,020$407,037$1,395,285
72$3,593,595$742,426$350,103$1,433,803
73$3,887,349$706,012$289,039$1,475,866
74$4,208,773$665,521$223,636$1,521,945
75$4,560,616$620,680$153,677$1,572,566
76$4,945,909$571,203$78,934$1,628,321
77$5,367,984$516,784$0$1,689,867
78$5,830,515$457,104$0$1,758,182
79$6,337,547$391,821$0$1,858,132
80$6,893,534$320,578$0$1,967,948
81$7,503,383$242,994$0$2,088,731
82$8,172,498$158,671$0$2,221,705
83$8,906,831$67,184$0$2,368,225
84$9,712,940$0$0$2,529,795
85$10,598,046$0$0$2,725,290
86$11,570,107$0$0$2,979,934
87$12,637,886$0$0$3,259,816
88$13,811,038$0$0$3,567,488
89$15,100,201$0$0$3,905,760
90$16,517,093$0$0$4,277,730
91$18,074,622$0$0$4,686,808
92$19,787,013$0$0$5,136,753
93$21,669,933$0$0$5,631,708
94$23,740,648$0$0$6,176,235
95$26,018,178$0$0$6,775,361
96$28,523,480$0$0$7,434,626
97$31,279,642$0$0$8,160,134
98$34,312,107$0$0$8,958,610
99$37,648,904$0$0$9,837,464
100$41,320,918$0$0$10,804,861