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%16.7%
1 years$73,000$72,350$71,715$71,096$70,491$68,565
2 years$36,139$35,466$34,813$34,181$33,567$31,640
3 years$23,853$23,177$22,526$21,900$21,296$19,430
4 years$17,712$17,038$16,393$15,778$15,189$13,396
5 years$14,028$13,358$12,722$12,119$11,546$9,833
6 years$11,572$10,908$10,281$9,691$9,136$7,504
7 years$9,819$9,160$8,544$7,968$7,430$5,879
8 years$8,505$7,852$7,246$6,684$6,164$4,693
9 years$7,484$6,837$6,241$5,693$5,191$3,798
10 years$6,667$6,026$5,441$4,908$4,423$3,107
11 years$5,999$5,365$4,790$4,271$3,804$2,563
12 years$5,443$4,815$4,251$3,746$3,296$2,128
13 years$4,973$4,351$3,798$3,308$2,875$1,776
14 years$4,570$3,955$3,413$2,936$2,520$1,489
15 years$4,221$3,613$3,081$2,618$2,219$1,253
16 years$3,916$3,315$2,793$2,345$1,961$1,057
17 years$3,648$3,053$2,542$2,107$1,739$894
18 years$3,409$2,821$2,320$1,898$1,546$757
19 years$3,196$2,615$2,124$1,715$1,378$643
20 years$3,004$2,430$1,950$1,554$1,231$547
21 years$2,831$2,263$1,793$1,410$1,101$465
22 years$2,674$2,113$1,653$1,282$987$396
23 years$2,531$1,976$1,526$1,168$886$338
24 years$2,400$1,851$1,411$1,065$797$288
25 years$2,279$1,737$1,307$973$717$246
26 years$2,168$1,633$1,212$889$646$210
27 years$2,065$1,537$1,126$814$582$180
28 years$1,970$1,448$1,047$746$525$154
29 years$1,882$1,366$974$684$474$131
30 years$1,799$1,290$907$628$429$112
31 years$1,723$1,219$846$576$387$96
32 years$1,651$1,154$789$530$350$82
33 years$1,583$1,093$737$487$317$70
34 years$1,520$1,036$688$448$287$60
35 years$1,460$982$644$413$260$52
36 years$1,404$932$602$380$236$44
37 years$1,351$886$563$350$214$38
38 years$1,301$842$528$323$194$32
39 years$1,253$800$494$298$176$28
40 years$1,209$761$463$274$159$24
41 years$1,166$725$435$253$144$20
42 years$1,125$690$408$234$131$17
43 years$1,087$658$382$216$119$15
44 years$1,050$627$359$199$108$13
45 years$1,015$598$337$184$98$11
46 years$982$570$317$170$89$9
47 years$950$544$297$157$81$8
48 years$920$520$280$145$73$7
49 years$891$496$263$134$67$6
50 years$863$474$247$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $884,000, adding $6,445 every year, while hoping to spend $30,169 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: 52/31/17 Blend
52$884,000$884,000$884,000$884,000
53$980,816$933,964$920,262$1,026,957
54$1,048,760$947,629$918,991$1,072,976
55$1,122,622$960,952$916,667$1,119,301
56$1,202,976$973,885$913,221$1,169,024
57$1,290,450$986,375$908,585$1,222,477
58$1,385,737$998,369$902,683$1,280,025
59$1,489,598$1,009,805$895,439$1,342,073
60$1,602,872$1,020,620$886,771$1,409,065
61$1,726,483$1,030,748$876,596$1,481,494
62$1,861,445$1,040,116$864,823$1,559,904
63$2,008,878$1,048,647$851,359$1,644,893
64$2,170,012$1,056,259$836,108$1,737,124
65$2,346,202$1,062,865$818,968$1,837,327
66$2,538,942$1,068,373$799,830$1,946,309
67$2,749,875$1,072,684$778,585$2,064,959
68$2,980,809$1,075,692$755,115$2,194,261
69$3,233,738$1,077,288$729,298$2,335,297
70$3,510,856$1,077,351$701,005$2,489,265
71$3,814,578$1,075,756$670,104$2,657,485
72$4,147,567$1,072,371$636,455$2,841,415
73$4,512,755$1,067,052$599,911$3,042,663
74$4,913,368$1,059,650$560,321$3,263,002
75$5,352,964$1,050,005$517,524$3,504,391
76$5,835,459$1,037,948$471,354$3,768,991
77$6,365,168$1,023,300$421,636$4,059,185
78$6,946,844$1,005,871$368,190$4,377,603
79$7,585,723$985,459$310,825$4,727,147
80$8,287,571$961,851$249,342$5,111,017
81$9,058,744$934,822$183,536$5,532,746
82$9,906,240$904,132$113,188$5,996,228
83$10,837,771$869,529$38,075$6,505,761
84$11,861,832$830,745$0$7,066,085
85$12,987,784$787,497$0$7,690,062
86$14,225,939$739,485$0$8,383,692
87$15,587,657$686,392$0$9,146,468
88$17,085,457$627,885$0$9,985,455
89$18,733,130$563,607$0$10,908,440
90$20,545,872$493,187$0$11,924,009
91$22,540,426$416,227$0$13,041,627
92$24,735,238$332,312$0$14,271,730
93$27,150,636$240,998$0$15,625,820
94$29,809,014$141,821$0$17,116,581
95$32,735,052$34,288$0$18,757,993
96$35,955,938$0$0$20,565,468
97$39,501,636$0$0$22,584,010
98$43,405,158$0$0$24,819,246
99$47,702,881$0$0$27,280,324
100$52,434,889$0$0$29,990,211