Can I retire at age 53 with 885,000?

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 $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%13.3%
1 years$73,082$72,431$71,796$71,176$70,571$69,603
2 years$36,179$35,506$34,853$34,219$33,605$32,631
3 years$23,880$23,203$22,552$21,925$21,321$20,371
4 years$17,732$17,057$16,412$15,796$15,206$14,289
5 years$14,043$13,373$12,736$12,132$11,559$10,677
6 years$11,585$10,920$10,293$9,702$9,147$8,300
7 years$9,830$9,171$8,553$7,977$7,439$6,628
8 years$8,515$7,861$7,254$6,692$6,171$5,396
9 years$7,492$6,844$6,248$5,700$5,197$4,458
10 years$6,674$6,033$5,447$4,913$4,428$3,724
11 years$6,006$5,371$4,795$4,276$3,808$3,139
12 years$5,449$4,820$4,256$3,751$3,300$2,664
13 years$4,978$4,356$3,802$3,311$2,878$2,275
14 years$4,575$3,960$3,416$2,939$2,523$1,951
15 years$4,226$3,617$3,085$2,621$2,221$1,681
16 years$3,921$3,319$2,797$2,347$1,963$1,452
17 years$3,652$3,057$2,545$2,109$1,741$1,259
18 years$3,413$2,824$2,323$1,901$1,548$1,094
19 years$3,200$2,618$2,127$1,717$1,379$952
20 years$3,008$2,432$1,952$1,555$1,232$830
21 years$2,834$2,266$1,795$1,412$1,103$725
22 years$2,677$2,115$1,655$1,283$988$634
23 years$2,534$1,978$1,528$1,169$887$555
24 years$2,402$1,853$1,413$1,066$797$487
25 years$2,282$1,739$1,309$974$718$427
26 years$2,170$1,635$1,214$890$646$375
27 years$2,068$1,538$1,127$815$583$329
28 years$1,972$1,450$1,048$747$526$289
29 years$1,884$1,368$975$685$475$254
30 years$1,801$1,291$908$628$429$224
31 years$1,724$1,221$847$577$388$197
32 years$1,652$1,155$790$530$351$173
33 years$1,585$1,094$738$488$318$153
34 years$1,521$1,037$689$449$287$135
35 years$1,462$983$644$413$260$119
36 years$1,406$933$603$380$236$104
37 years$1,353$887$564$351$214$92
38 years$1,302$843$528$323$194$81
39 years$1,255$801$495$298$176$72
40 years$1,210$762$464$275$159$63
41 years$1,167$726$435$253$145$56
42 years$1,127$691$408$234$131$49
43 years$1,088$658$383$216$119$43
44 years$1,052$628$359$199$108$38
45 years$1,017$598$337$184$98$34
46 years$983$571$317$170$89$30
47 years$951$545$298$157$81$26
48 years$921$520$280$145$73$23
49 years$892$497$263$134$67$20
50 years$864$474$247$124$61$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $885,000, adding $3,038 every year, while hoping to spend $56,891 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: 70/16/14 Blend
52$885,000$885,000$885,000$885,000
53$978,404$931,499$917,781$1,043,614
54$1,017,669$916,611$887,995$1,072,438
55$1,059,033$899,086$855,305$1,096,835
56$1,102,649$878,736$819,552$1,122,057
57$1,148,686$855,360$780,573$1,148,177
58$1,197,325$828,746$738,196$1,175,275
59$1,248,767$798,670$692,241$1,203,441
60$1,303,230$764,893$642,519$1,232,777
61$1,360,951$727,164$588,835$1,263,395
62$1,422,190$685,218$530,983$1,295,424
63$1,487,232$638,772$468,750$1,329,002
64$1,556,388$587,530$401,911$1,364,289
65$1,629,998$531,177$330,233$1,401,461
66$1,708,434$469,381$253,472$1,440,713
67$1,792,104$401,790$171,373$1,482,264
68$1,881,454$328,034$83,670$1,526,360
69$1,976,975$247,720$0$1,573,271
70$2,079,203$160,435$0$1,624,784
71$2,188,726$65,741$0$1,693,186
72$2,306,190$0$0$1,766,387
73$2,432,303$0$0$1,851,334
74$2,567,843$0$0$1,955,104
75$2,713,662$0$0$2,066,778
76$2,870,697$0$0$2,187,079
77$3,039,978$0$0$2,316,800
78$3,222,633$0$0$2,456,811
79$3,419,907$0$0$2,608,070
80$3,633,161$0$0$2,771,628
81$3,863,897$0$0$2,948,641
82$4,113,763$0$0$3,140,381
83$4,384,572$0$0$3,348,244
84$4,678,315$0$0$3,573,766
85$4,997,186$0$0$3,818,638
86$5,343,595$0$0$4,084,718
87$5,720,193$0$0$4,374,050
88$6,129,899$0$0$4,688,884
89$6,575,921$0$0$5,031,694
90$7,061,791$0$0$5,405,204
91$7,591,397$0$0$5,812,410
92$8,169,016$0$0$6,256,612
93$8,799,355$0$0$6,741,440
94$9,487,598$0$0$7,270,889
95$10,239,449$0$0$7,849,360
96$11,061,188$0$0$8,481,695
97$11,959,731$0$0$9,173,227
98$12,942,689$0$0$9,929,827
99$14,018,445$0$0$10,757,959
100$15,196,230$0$0$11,664,742