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%14.1%
1 years$73,082$72,431$71,796$71,176$70,571$69,373
2 years$36,179$35,506$34,853$34,219$33,605$32,402
3 years$23,880$23,203$22,552$21,925$21,321$20,150
4 years$17,732$17,057$16,412$15,796$15,206$14,076
5 years$14,043$13,373$12,736$12,132$11,559$10,474
6 years$11,585$10,920$10,293$9,702$9,147$8,107
7 years$9,830$9,171$8,553$7,977$7,439$6,445
8 years$8,515$7,861$7,254$6,692$6,171$5,223
9 years$7,492$6,844$6,248$5,700$5,197$4,295
10 years$6,674$6,033$5,447$4,913$4,428$3,570
11 years$6,006$5,371$4,795$4,276$3,808$2,994
12 years$5,449$4,820$4,256$3,751$3,300$2,528
13 years$4,978$4,356$3,802$3,311$2,878$2,147
14 years$4,575$3,960$3,416$2,939$2,523$1,832
15 years$4,226$3,617$3,085$2,621$2,221$1,569
16 years$3,921$3,319$2,797$2,347$1,963$1,349
17 years$3,652$3,057$2,545$2,109$1,741$1,162
18 years$3,413$2,824$2,323$1,901$1,548$1,004
19 years$3,200$2,618$2,127$1,717$1,379$869
20 years$3,008$2,432$1,952$1,555$1,232$753
21 years$2,834$2,266$1,795$1,412$1,103$654
22 years$2,677$2,115$1,655$1,283$988$568
23 years$2,534$1,978$1,528$1,169$887$495
24 years$2,402$1,853$1,413$1,066$797$431
25 years$2,282$1,739$1,309$974$718$376
26 years$2,170$1,635$1,214$890$646$328
27 years$2,068$1,538$1,127$815$583$286
28 years$1,972$1,450$1,048$747$526$250
29 years$1,884$1,368$975$685$475$218
30 years$1,801$1,291$908$628$429$191
31 years$1,724$1,221$847$577$388$167
32 years$1,652$1,155$790$530$351$146
33 years$1,585$1,094$738$488$318$128
34 years$1,521$1,037$689$449$287$112
35 years$1,462$983$644$413$260$98
36 years$1,406$933$603$380$236$85
37 years$1,353$887$564$351$214$75
38 years$1,302$843$528$323$194$66
39 years$1,255$801$495$298$176$57
40 years$1,210$762$464$275$159$50
41 years$1,167$726$435$253$145$44
42 years$1,127$691$408$234$131$39
43 years$1,088$658$383$216$119$34
44 years$1,052$628$359$199$108$30
45 years$1,017$598$337$184$98$26
46 years$983$571$317$170$89$23
47 years$951$545$298$157$81$20
48 years$921$520$280$145$73$17
49 years$892$497$263$134$67$15
50 years$864$474$247$124$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $885,000, adding $5,883 every year, while hoping to spend $24,738 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: 39/36/25 Blend
52$885,000$885,000$885,000$885,000
53$981,338$934,433$920,716$1,012,130
54$1,055,114$953,900$925,239$1,054,488
55$1,135,585$973,490$929,084$1,097,519
56$1,223,410$993,186$932,203$1,143,564
57$1,319,310$1,012,965$934,544$1,192,912
58$1,424,082$1,032,802$936,054$1,245,883
59$1,538,602$1,052,674$936,676$1,302,828
60$1,663,835$1,072,550$936,350$1,364,136
61$1,800,843$1,092,402$935,015$1,430,237
62$1,950,796$1,112,197$932,605$1,501,604
63$2,114,982$1,131,899$929,051$1,578,760
64$2,294,818$1,151,470$924,282$1,662,281
65$2,491,867$1,170,870$918,224$1,752,804
66$2,707,849$1,190,054$910,795$1,851,030
67$2,944,658$1,208,975$901,916$1,957,736
68$3,204,381$1,227,582$891,497$2,073,777
69$3,489,315$1,245,821$879,450$2,200,095
70$3,801,993$1,263,634$865,679$2,337,733
71$4,145,202$1,280,958$850,085$2,487,840
72$4,522,013$1,297,725$832,564$2,651,684
73$4,935,810$1,313,866$813,007$2,830,663
74$5,390,320$1,329,303$791,300$3,026,322
75$5,889,649$1,343,954$767,324$3,240,363
76$6,438,318$1,357,733$740,955$3,474,665
77$7,041,312$1,370,547$712,062$3,731,301
78$7,704,118$1,382,297$680,509$4,012,559
79$8,432,786$1,392,877$646,153$4,320,959
80$9,233,978$1,402,176$608,847$4,659,286
81$10,115,034$1,410,073$568,434$5,030,609
82$11,084,042$1,416,441$524,751$5,438,314
83$12,149,914$1,421,146$477,629$5,886,136
84$13,322,466$1,424,043$426,891$6,378,194
85$14,612,516$1,424,980$372,350$6,919,032
86$16,031,983$1,423,794$313,814$7,513,661
87$17,593,998$1,420,313$251,080$8,167,608
88$19,313,032$1,414,354$183,938$8,886,968
89$21,205,028$1,405,724$112,166$9,678,463
90$23,287,552$1,394,216$35,534$10,549,506
91$25,579,961$1,379,611$0$11,508,272
92$28,103,584$1,361,679$0$12,576,111
93$30,881,922$1,340,174$0$13,761,545
94$33,940,872$1,314,836$0$15,066,117
95$37,308,968$1,285,390$0$16,501,985
96$41,017,652$1,251,544$0$18,082,552
97$45,101,572$1,212,989$0$19,822,592
98$49,598,906$1,169,399$0$21,738,389
99$54,551,723$1,120,427$0$23,847,892
100$60,006,379$1,065,709$0$26,170,885