Can I retire at age 53 with 887,000?

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 $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%16%
1 years$73,248$72,595$71,959$71,337$70,731$68,993
2 years$36,261$35,586$34,931$34,297$33,681$31,941
3 years$23,934$23,256$22,603$21,974$21,369$19,681
4 years$17,772$17,095$16,449$15,831$15,240$13,617
5 years$14,075$13,403$12,765$12,160$11,585$10,032
6 years$11,612$10,945$10,316$9,724$9,167$7,685
7 years$9,853$9,191$8,573$7,995$7,455$6,045
8 years$8,534$7,879$7,270$6,707$6,185$4,845
9 years$7,509$6,860$6,262$5,713$5,209$3,938
10 years$6,689$6,047$5,459$4,924$4,438$3,236
11 years$6,019$5,383$4,806$4,286$3,817$2,681
12 years$5,461$4,831$4,265$3,759$3,308$2,236
13 years$4,990$4,366$3,811$3,319$2,884$1,876
14 years$4,585$3,969$3,424$2,946$2,528$1,580
15 years$4,236$3,625$3,092$2,627$2,226$1,336
16 years$3,930$3,326$2,803$2,352$1,967$1,132
17 years$3,660$3,063$2,551$2,114$1,745$963
18 years$3,421$2,831$2,328$1,905$1,551$820
19 years$3,207$2,623$2,131$1,721$1,383$700
20 years$3,015$2,438$1,956$1,559$1,235$598
21 years$2,841$2,271$1,799$1,415$1,105$512
22 years$2,683$2,120$1,658$1,286$991$438
23 years$2,539$1,983$1,531$1,172$889$376
24 years$2,408$1,857$1,416$1,068$799$322
25 years$2,287$1,743$1,312$976$719$277
26 years$2,175$1,638$1,216$892$648$238
27 years$2,072$1,542$1,130$817$584$204
28 years$1,977$1,453$1,050$748$527$176
29 years$1,888$1,371$977$686$476$151
30 years$1,806$1,294$910$630$430$130
31 years$1,728$1,224$849$578$389$112
32 years$1,656$1,158$792$532$352$96
33 years$1,588$1,096$739$489$318$83
34 years$1,525$1,039$691$450$288$71
35 years$1,465$986$646$414$261$62
36 years$1,409$936$604$381$236$53
37 years$1,356$889$565$351$214$46
38 years$1,305$844$529$324$194$39
39 years$1,258$803$496$299$176$34
40 years$1,213$764$465$275$160$29
41 years$1,170$727$436$254$145$25
42 years$1,129$693$409$234$132$22
43 years$1,091$660$384$216$119$19
44 years$1,054$629$360$200$108$16
45 years$1,019$600$338$185$98$14
46 years$985$572$318$170$89$12
47 years$954$546$298$158$81$10
48 years$923$521$280$146$74$9
49 years$894$498$264$135$67$8
50 years$866$476$248$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $887,000, adding $6,268 every year, while hoping to spend $59,295 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: 47/46/7 Blend
52$887,000$887,000$887,000$887,000
53$983,939$936,928$923,180$1,028,044
54$1,021,212$919,749$891,017$1,041,797
55$1,060,299$899,739$855,789$1,049,983
56$1,101,323$876,700$817,332$1,057,480
57$1,144,416$850,417$775,471$1,064,243
58$1,189,725$820,665$730,027$1,070,225
59$1,237,404$787,206$680,811$1,075,378
60$1,287,627$749,786$627,626$1,079,655
61$1,340,578$708,139$570,264$1,083,009
62$1,396,462$661,983$508,513$1,085,393
63$1,455,498$611,017$442,145$1,086,762
64$1,517,929$554,927$370,927$1,087,071
65$1,584,018$493,379$294,614$1,086,278
66$1,654,053$426,019$212,948$1,084,343
67$1,728,348$352,476$125,664$1,081,232
68$1,807,247$272,355$32,481$1,076,910
69$1,891,126$185,240$0$1,071,352
70$1,980,396$90,691$0$1,069,538
71$2,075,507$0$0$1,069,368
72$2,176,953$0$0$1,074,381
73$2,285,273$0$0$1,128,810
74$2,401,059$0$0$1,187,053
75$2,524,960$0$0$1,249,445
76$2,657,687$0$0$1,316,352
77$2,800,020$0$0$1,388,177
78$2,952,816$0$0$1,465,361
79$3,117,014$0$0$1,548,389
80$3,293,645$0$0$1,637,793
81$3,483,841$0$0$1,734,158
82$3,688,846$0$0$1,838,124
83$3,910,025$0$0$1,950,399
84$4,148,879$0$0$2,071,756
85$4,407,058$0$0$2,203,048
86$4,686,373$0$0$2,345,211
87$4,988,817$0$0$2,499,274
88$5,316,579$0$0$2,666,370
89$5,672,069$0$0$2,847,742
90$6,057,935$0$0$3,044,761
91$6,477,089$0$0$3,258,932
92$6,932,736$0$0$3,491,911
93$7,428,402$0$0$3,745,523
94$7,967,963$0$0$4,021,773
95$8,555,689$0$0$4,322,867
96$9,196,275$0$0$4,651,235
97$9,894,890$0$0$5,009,552
98$10,657,222$0$0$5,400,759
99$11,489,534$0$0$5,828,096
100$12,398,717$0$0$6,295,131