Can I retire at age 53 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$73,248$72,595$71,959$71,337$70,731$69,416
2 years$36,261$35,586$34,931$34,297$33,681$32,362
3 years$23,934$23,256$22,603$21,974$21,369$20,086
4 years$17,772$17,095$16,449$15,831$15,240$14,003
5 years$14,075$13,403$12,765$12,160$11,585$10,398
6 years$11,612$10,945$10,316$9,724$9,167$8,031
7 years$9,853$9,191$8,573$7,995$7,455$6,370
8 years$8,534$7,879$7,270$6,707$6,185$5,151
9 years$7,509$6,860$6,262$5,713$5,209$4,225
10 years$6,689$6,047$5,459$4,924$4,438$3,503
11 years$6,019$5,383$4,806$4,286$3,817$2,931
12 years$5,461$4,831$4,265$3,759$3,308$2,468
13 years$4,990$4,366$3,811$3,319$2,884$2,091
14 years$4,585$3,969$3,424$2,946$2,528$1,779
15 years$4,236$3,625$3,092$2,627$2,226$1,520
16 years$3,930$3,326$2,803$2,352$1,967$1,303
17 years$3,660$3,063$2,551$2,114$1,745$1,119
18 years$3,421$2,831$2,328$1,905$1,551$964
19 years$3,207$2,623$2,131$1,721$1,383$832
20 years$3,015$2,438$1,956$1,559$1,235$719
21 years$2,841$2,271$1,799$1,415$1,105$622
22 years$2,683$2,120$1,658$1,286$991$539
23 years$2,539$1,983$1,531$1,172$889$468
24 years$2,408$1,857$1,416$1,068$799$406
25 years$2,287$1,743$1,312$976$719$353
26 years$2,175$1,638$1,216$892$648$307
27 years$2,072$1,542$1,130$817$584$267
28 years$1,977$1,453$1,050$748$527$232
29 years$1,888$1,371$977$686$476$202
30 years$1,806$1,294$910$630$430$176
31 years$1,728$1,224$849$578$389$154
32 years$1,656$1,158$792$532$352$134
33 years$1,588$1,096$739$489$318$117
34 years$1,525$1,039$691$450$288$102
35 years$1,465$986$646$414$261$89
36 years$1,409$936$604$381$236$77
37 years$1,356$889$565$351$214$68
38 years$1,305$844$529$324$194$59
39 years$1,258$803$496$299$176$51
40 years$1,213$764$465$275$160$45
41 years$1,170$727$436$254$145$39
42 years$1,129$693$409$234$132$34
43 years$1,091$660$384$216$119$30
44 years$1,054$629$360$200$108$26
45 years$1,019$600$338$185$98$23
46 years$985$572$318$170$89$20
47 years$954$546$298$158$81$17
48 years$923$521$280$146$74$15
49 years$894$498$264$135$67$13
50 years$866$476$248$124$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $887,000, adding $2,807 every year, while hoping to spend $38,102 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: 32/45/23 Blend
52$887,000$887,000$887,000$887,000
53$980,369$933,358$919,610$1,004,725
54$1,039,827$938,553$909,877$1,028,540
55$1,104,072$942,725$898,540$1,050,550
56$1,173,553$945,784$885,507$1,073,480
57$1,248,762$947,634$870,678$1,097,435
58$1,330,241$948,173$853,951$1,122,533
59$1,418,585$947,293$835,218$1,148,909
60$1,514,449$944,879$814,366$1,176,711
61$1,618,553$940,808$791,277$1,206,108
62$1,731,689$934,951$765,829$1,237,290
63$1,854,728$927,170$737,891$1,270,466
64$1,988,629$917,320$707,329$1,305,876
65$2,134,446$905,246$674,002$1,343,784
66$2,293,341$890,785$637,762$1,384,488
67$2,466,590$873,761$598,455$1,428,319
68$2,655,599$853,993$555,920$1,475,648
69$2,861,916$831,284$509,990$1,526,889
70$3,087,244$805,429$460,487$1,582,503
71$3,333,458$776,210$407,228$1,643,006
72$3,602,621$743,396$350,021$1,708,971
73$3,897,008$706,742$288,666$1,781,036
74$4,219,121$665,989$222,954$1,859,912
75$4,571,714$620,866$152,666$1,946,390
76$4,957,822$571,082$77,574$2,041,350
77$5,380,787$516,332$0$2,145,769
78$5,844,288$456,293$0$2,261,362
79$6,352,378$390,624$0$2,409,065
80$6,909,521$318,965$0$2,571,223
81$7,520,632$240,934$0$2,749,389
82$8,191,126$156,129$0$2,945,282
83$8,926,967$64,125$0$3,160,806
84$9,734,724$0$0$3,398,063
85$10,621,635$0$0$3,676,973
86$11,595,671$0$0$4,018,295
87$12,665,614$0$0$4,393,369
88$13,841,137$0$0$4,805,605
89$15,132,897$0$0$5,258,759
90$16,552,636$0$0$5,756,968
91$18,113,288$0$0$6,304,791
92$19,829,104$0$0$6,907,252
93$21,715,783$0$0$7,569,884
94$23,790,622$0$0$8,298,785
95$26,072,680$0$0$9,100,671
96$28,582,954$0$0$9,982,946
97$31,344,577$0$0$10,953,763
98$34,383,040$0$0$12,022,110
99$37,726,428$0$0$13,197,886
100$41,405,686$0$0$14,492,002