Can I retire at age 53 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$73,082$72,431$71,796$71,176$70,571$68,921
2 years$36,179$35,506$34,853$34,219$33,605$31,952
3 years$23,880$23,203$22,552$21,925$21,321$19,716
4 years$17,732$17,057$16,412$15,796$15,206$13,663
5 years$14,043$13,373$12,736$12,132$11,559$10,081
6 years$11,585$10,920$10,293$9,702$9,147$7,735
7 years$9,830$9,171$8,553$7,977$7,439$6,095
8 years$8,515$7,861$7,254$6,692$6,171$4,894
9 years$7,492$6,844$6,248$5,700$5,197$3,985
10 years$6,674$6,033$5,447$4,913$4,428$3,280
11 years$6,006$5,371$4,795$4,276$3,808$2,723
12 years$5,449$4,820$4,256$3,751$3,300$2,276
13 years$4,978$4,356$3,802$3,311$2,878$1,912
14 years$4,575$3,960$3,416$2,939$2,523$1,614
15 years$4,226$3,617$3,085$2,621$2,221$1,368
16 years$3,921$3,319$2,797$2,347$1,963$1,162
17 years$3,652$3,057$2,545$2,109$1,741$990
18 years$3,413$2,824$2,323$1,901$1,548$845
19 years$3,200$2,618$2,127$1,717$1,379$723
20 years$3,008$2,432$1,952$1,555$1,232$619
21 years$2,834$2,266$1,795$1,412$1,103$531
22 years$2,677$2,115$1,655$1,283$988$456
23 years$2,534$1,978$1,528$1,169$887$392
24 years$2,402$1,853$1,413$1,066$797$337
25 years$2,282$1,739$1,309$974$718$290
26 years$2,170$1,635$1,214$890$646$250
27 years$2,068$1,538$1,127$815$583$215
28 years$1,972$1,450$1,048$747$526$185
29 years$1,884$1,368$975$685$475$160
30 years$1,801$1,291$908$628$429$138
31 years$1,724$1,221$847$577$388$119
32 years$1,652$1,155$790$530$351$103
33 years$1,585$1,094$738$488$318$89
34 years$1,521$1,037$689$449$287$77
35 years$1,462$983$644$413$260$66
36 years$1,406$933$603$380$236$57
37 years$1,353$887$564$351$214$49
38 years$1,302$843$528$323$194$43
39 years$1,255$801$495$298$176$37
40 years$1,210$762$464$275$159$32
41 years$1,167$726$435$253$145$27
42 years$1,127$691$408$234$131$24
43 years$1,088$658$383$216$119$20
44 years$1,052$628$359$199$108$18
45 years$1,017$598$337$184$98$15
46 years$983$571$317$170$89$13
47 years$951$545$298$157$81$11
48 years$921$520$280$145$73$10
49 years$892$497$263$134$67$9
50 years$864$474$247$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $885,000, adding $5,711 every year, while hoping to spend $25,857 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: 63/26/11 Blend
52$885,000$885,000$885,000$885,000
53$981,161$934,256$920,538$1,040,166
54$1,053,728$952,523$923,865$1,098,601
55$1,132,830$970,818$926,436$1,158,871
56$1,219,106$989,116$928,199$1,224,032
57$1,313,261$1,007,388$929,100$1,294,560
58$1,416,068$1,025,605$929,079$1,370,978
59$1,528,380$1,043,733$928,077$1,453,862
60$1,651,137$1,061,738$926,029$1,543,846
61$1,785,370$1,079,581$922,869$1,641,630
62$1,932,219$1,097,221$918,526$1,747,986
63$2,092,936$1,114,615$912,927$1,863,762
64$2,268,900$1,131,716$905,995$1,989,896
65$2,461,630$1,148,473$897,648$2,127,418
66$2,672,801$1,164,832$887,803$2,277,466
67$2,904,253$1,180,736$876,371$2,441,293
68$3,158,016$1,196,121$863,260$2,620,281
69$3,436,326$1,210,923$848,371$2,815,953
70$3,741,643$1,225,070$831,603$3,029,986
71$4,076,679$1,238,487$812,850$3,264,230
72$4,444,421$1,251,093$792,001$3,520,725
73$4,848,157$1,262,802$768,938$3,801,717
74$5,291,513$1,273,523$743,541$4,109,683
75$5,778,479$1,283,158$715,682$4,447,355
76$6,313,454$1,291,602$685,227$4,817,742
77$6,901,281$1,298,746$652,038$5,224,160
78$7,547,299$1,304,471$615,967$5,670,268
79$8,257,386$1,308,653$576,865$6,160,095
80$9,038,020$1,311,158$534,571$6,698,085
81$9,896,337$1,311,844$488,918$7,289,135
82$10,840,201$1,310,562$439,735$7,938,642
83$11,878,274$1,307,152$386,838$8,652,557
84$13,020,100$1,301,444$330,039$9,437,440
85$14,276,195$1,293,260$269,140$10,300,518
86$15,658,145$1,282,408$203,935$11,249,761
87$17,178,716$1,268,686$134,207$12,293,951
88$18,851,974$1,251,880$59,731$13,442,771
89$20,693,416$1,231,763$0$14,706,892
90$22,720,119$1,208,094$0$16,100,393
91$24,950,899$1,180,619$0$17,641,553
92$27,406,489$1,149,067$0$19,337,675
93$30,109,733$1,113,153$0$21,204,541
94$33,085,802$1,072,575$0$23,259,544
95$36,362,435$1,027,011$0$25,521,853
96$39,970,193$976,125$0$28,012,595
97$43,942,754$919,557$0$30,755,051
98$48,317,228$856,928$0$33,774,884
99$53,134,507$787,838$0$37,100,372
100$58,439,648$711,864$0$40,762,683