Can I retire at age 53 with 886,000?

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 $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%11.5%
1 years$73,165$72,513$71,877$71,257$70,651$70,206
2 years$36,220$35,546$34,892$34,258$33,643$33,194
3 years$23,907$23,230$22,577$21,950$21,345$20,906
4 years$17,752$17,076$16,431$15,813$15,223$14,798
5 years$14,059$13,388$12,751$12,146$11,572$11,161
6 years$11,599$10,932$10,305$9,713$9,157$8,761
7 years$9,842$9,181$8,563$7,986$7,447$7,067
8 years$8,524$7,870$7,262$6,699$6,178$5,813
9 years$7,501$6,852$6,255$5,706$5,203$4,853
10 years$6,682$6,040$5,453$4,919$4,433$4,098
11 years$6,013$5,377$4,801$4,281$3,813$3,493
12 years$5,455$4,826$4,261$3,755$3,304$2,999
13 years$4,984$4,361$3,807$3,315$2,881$2,590
14 years$4,580$3,964$3,420$2,943$2,526$2,249
15 years$4,231$3,621$3,088$2,624$2,224$1,960
16 years$3,925$3,323$2,800$2,350$1,965$1,715
17 years$3,656$3,060$2,548$2,111$1,743$1,505
18 years$3,417$2,828$2,326$1,903$1,549$1,325
19 years$3,203$2,621$2,129$1,719$1,381$1,168
20 years$3,011$2,435$1,954$1,557$1,234$1,032
21 years$2,838$2,268$1,797$1,413$1,104$914
22 years$2,680$2,117$1,656$1,285$989$810
23 years$2,536$1,980$1,529$1,170$888$719
24 years$2,405$1,855$1,414$1,067$798$639
25 years$2,284$1,741$1,310$975$718$569
26 years$2,173$1,636$1,215$891$647$506
27 years$2,070$1,540$1,128$816$583$451
28 years$1,975$1,451$1,049$747$526$402
29 years$1,886$1,369$976$685$475$359
30 years$1,804$1,293$909$629$430$320
31 years$1,726$1,222$848$578$388$286
32 years$1,654$1,156$791$531$351$256
33 years$1,587$1,095$738$488$318$229
34 years$1,523$1,038$690$449$288$204
35 years$1,463$985$645$414$261$183
36 years$1,407$934$603$381$236$164
37 years$1,354$888$565$351$214$146
38 years$1,304$843$529$323$194$131
39 years$1,256$802$496$298$176$117
40 years$1,211$763$464$275$160$105
41 years$1,169$726$435$254$145$94
42 years$1,128$692$409$234$131$84
43 years$1,089$659$383$216$119$76
44 years$1,053$628$360$200$108$68
45 years$1,018$599$338$184$98$61
46 years$984$572$317$170$89$54
47 years$952$545$298$157$81$49
48 years$922$521$280$145$74$44
49 years$893$497$263$134$67$39
50 years$865$475$248$124$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $886,000, adding $6,466 every year, while hoping to spend $24,956 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: 37/41/22 Blend
52$886,000$886,000$886,000$886,000
53$983,042$936,084$922,351$1,012,706
54$1,056,759$955,399$926,696$1,054,225
55$1,137,159$974,824$930,351$1,096,247
56$1,224,897$994,338$933,266$1,141,133
57$1,320,694$1,013,919$935,388$1,189,155
58$1,425,345$1,033,540$936,664$1,240,615
59$1,539,723$1,053,177$937,035$1,295,843
60$1,664,791$1,072,799$936,442$1,355,206
61$1,801,609$1,092,375$934,821$1,419,109
62$1,951,343$1,111,871$932,108$1,487,997
63$2,115,277$1,131,250$928,231$1,562,363
64$2,294,827$1,150,473$923,118$1,642,750
65$2,491,551$1,169,498$916,694$1,729,758
66$2,707,164$1,188,278$908,878$1,824,049
67$2,943,556$1,206,765$899,587$1,926,353
68$3,202,808$1,224,906$888,733$2,037,477
69$3,487,213$1,242,645$876,224$2,158,309
70$3,799,295$1,259,921$861,964$2,289,832
71$4,141,836$1,276,670$845,852$2,433,130
72$4,517,899$1,292,822$827,784$2,589,397
73$4,930,859$1,308,304$807,648$2,759,953
74$5,384,432$1,323,037$785,331$2,946,253
75$5,882,715$1,336,937$760,710$3,149,904
76$6,430,218$1,349,913$733,660$3,372,679
77$7,031,912$1,361,870$704,049$3,616,532
78$7,693,272$1,372,707$671,740$3,883,620
79$8,420,330$1,382,313$636,587$4,176,324
80$9,219,731$1,390,575$598,441$4,497,271
81$10,098,799$1,397,367$557,143$4,849,355
82$11,065,598$1,402,560$512,529$5,235,774
83$12,129,018$1,406,015$464,428$5,660,051
84$13,298,851$1,407,582$412,659$6,126,076
85$14,585,885$1,407,106$357,035$6,638,138
86$16,002,010$1,404,418$297,360$7,200,967
87$17,560,323$1,399,343$233,430$7,819,782
88$19,275,256$1,391,691$165,030$8,500,338
89$21,162,712$1,381,263$91,938$9,248,981
90$23,240,211$1,367,848$13,920$10,072,714
91$25,527,061$1,351,221$0$10,979,256
92$28,044,535$1,331,144$0$11,993,397
93$30,816,072$1,307,365$0$13,112,796
94$33,867,503$1,279,617$0$14,344,598
95$37,227,288$1,247,618$0$15,700,285
96$40,926,788$1,211,068$0$17,192,515
97$45,000,560$1,169,650$0$18,835,242
98$49,486,682$1,123,028$0$20,643,848
99$54,427,116$1,070,848$0$22,635,287
100$59,868,096$1,012,734$0$24,828,250