Can I retire at age 53 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$73,165$72,513$71,877$71,257$70,651$69,253
2 years$36,220$35,546$34,892$34,258$33,643$32,241
3 years$23,907$23,230$22,577$21,950$21,345$19,981
4 years$17,752$17,076$16,431$15,813$15,223$13,909
5 years$14,059$13,388$12,751$12,146$11,572$10,312
6 years$11,599$10,932$10,305$9,713$9,157$7,951
7 years$9,842$9,181$8,563$7,986$7,447$6,296
8 years$8,524$7,870$7,262$6,699$6,178$5,082
9 years$7,501$6,852$6,255$5,706$5,203$4,161
10 years$6,682$6,040$5,453$4,919$4,433$3,444
11 years$6,013$5,377$4,801$4,281$3,813$2,876
12 years$5,455$4,826$4,261$3,755$3,304$2,418
13 years$4,984$4,361$3,807$3,315$2,881$2,044
14 years$4,580$3,964$3,420$2,943$2,526$1,736
15 years$4,231$3,621$3,088$2,624$2,224$1,480
16 years$3,925$3,323$2,800$2,350$1,965$1,265
17 years$3,656$3,060$2,548$2,111$1,743$1,085
18 years$3,417$2,828$2,326$1,903$1,549$932
19 years$3,203$2,621$2,129$1,719$1,381$803
20 years$3,011$2,435$1,954$1,557$1,234$692
21 years$2,838$2,268$1,797$1,413$1,104$598
22 years$2,680$2,117$1,656$1,285$989$517
23 years$2,536$1,980$1,529$1,170$888$447
24 years$2,405$1,855$1,414$1,067$798$387
25 years$2,284$1,741$1,310$975$718$336
26 years$2,173$1,636$1,215$891$647$291
27 years$2,070$1,540$1,128$816$583$253
28 years$1,975$1,451$1,049$747$526$220
29 years$1,886$1,369$976$685$475$191
30 years$1,804$1,293$909$629$430$166
31 years$1,726$1,222$848$578$388$144
32 years$1,654$1,156$791$531$351$125
33 years$1,587$1,095$738$488$318$109
34 years$1,523$1,038$690$449$288$95
35 years$1,463$985$645$414$261$82
36 years$1,407$934$603$381$236$72
37 years$1,354$888$565$351$214$62
38 years$1,304$843$529$323$194$54
39 years$1,256$802$496$298$176$47
40 years$1,211$763$464$275$160$41
41 years$1,169$726$435$254$145$36
42 years$1,128$692$409$234$131$31
43 years$1,089$659$383$216$119$27
44 years$1,053$628$360$200$108$24
45 years$1,018$599$338$184$98$21
46 years$984$572$317$170$89$18
47 years$952$545$298$157$81$16
48 years$922$521$280$145$74$14
49 years$893$497$263$134$67$12
50 years$865$475$248$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $886,000, adding $4,940 every year, while hoping to spend $47,543 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: 70/7/23 Blend
52$886,000$886,000$886,000$886,000
53$981,468$934,510$920,777$1,044,178
54$1,030,992$929,715$901,037$1,081,932
55$1,083,974$923,092$879,043$1,117,220
56$1,140,717$914,501$854,669$1,154,702
57$1,201,552$903,794$827,782$1,194,593
58$1,266,844$890,813$798,246$1,237,130
59$1,336,992$875,393$765,917$1,282,573
60$1,412,434$857,356$730,644$1,331,214
61$1,493,651$836,515$692,270$1,383,371
62$1,581,173$812,674$650,630$1,439,400
63$1,675,580$785,623$605,554$1,499,693
64$1,777,510$755,139$556,861$1,564,683
65$1,887,664$720,989$504,364$1,634,849
66$2,006,813$682,924$447,867$1,710,720
67$2,135,803$640,683$387,165$1,792,883
68$2,275,565$593,986$322,045$1,881,984
69$2,427,123$542,542$252,284$1,978,739
70$2,591,603$486,040$177,649$2,083,938
71$2,770,242$424,151$97,896$2,198,454
72$2,964,403$356,531$12,772$2,323,253
73$3,175,583$282,812$0$2,459,400
74$3,405,432$202,609$0$2,627,232
75$3,655,762$115,513$0$2,813,481
76$3,928,569$21,093$0$3,016,518
77$4,226,050$0$0$3,238,001
78$4,550,623$0$0$3,486,008
79$4,904,948$0$0$3,758,568
80$5,291,954$0$0$4,056,313
81$5,714,865$0$0$4,381,731
82$6,177,233$0$0$4,737,560
83$6,682,964$0$0$5,126,813
84$7,236,363$0$0$5,552,810
85$7,842,169$0$0$6,019,204
86$8,505,599$0$0$6,530,022
87$9,232,400$0$0$7,089,693
88$10,028,901$0$0$7,703,100
89$10,902,071$0$0$8,375,618
90$11,859,586$0$0$9,113,167
91$12,909,901$0$0$9,922,267
92$14,062,328$0$0$10,810,102
93$15,327,125$0$0$11,784,583
94$16,715,590$0$0$12,854,423
95$18,240,169$0$0$14,029,224
96$19,914,572$0$0$15,319,559
97$21,753,902$0$0$16,737,079
98$23,774,797$0$0$18,294,615
99$25,995,586$0$0$20,006,306
100$28,436,463$0$0$21,887,728