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%19.8%
1 years$73,248$72,595$71,959$71,337$70,731$67,951
2 years$36,261$35,586$34,931$34,297$33,681$30,915
3 years$23,934$23,256$22,603$21,974$21,369$18,703
4 years$17,772$17,095$16,449$15,831$15,240$12,695
5 years$14,075$13,403$12,765$12,160$11,585$9,167
6 years$11,612$10,945$10,316$9,724$9,167$6,878
7 years$9,853$9,191$8,573$7,995$7,455$5,294
8 years$8,534$7,879$7,270$6,707$6,185$4,149
9 years$7,509$6,860$6,262$5,713$5,209$3,295
10 years$6,689$6,047$5,459$4,924$4,438$2,644
11 years$6,019$5,383$4,806$4,286$3,817$2,137
12 years$5,461$4,831$4,265$3,759$3,308$1,738
13 years$4,990$4,366$3,811$3,319$2,884$1,421
14 years$4,585$3,969$3,424$2,946$2,528$1,166
15 years$4,236$3,625$3,092$2,627$2,226$959
16 years$3,930$3,326$2,803$2,352$1,967$791
17 years$3,660$3,063$2,551$2,114$1,745$654
18 years$3,421$2,831$2,328$1,905$1,551$542
19 years$3,207$2,623$2,131$1,721$1,383$449
20 years$3,015$2,438$1,956$1,559$1,235$373
21 years$2,841$2,271$1,799$1,415$1,105$310
22 years$2,683$2,120$1,658$1,286$991$258
23 years$2,539$1,983$1,531$1,172$889$214
24 years$2,408$1,857$1,416$1,068$799$178
25 years$2,287$1,743$1,312$976$719$149
26 years$2,175$1,638$1,216$892$648$124
27 years$2,072$1,542$1,130$817$584$103
28 years$1,977$1,453$1,050$748$527$86
29 years$1,888$1,371$977$686$476$72
30 years$1,806$1,294$910$630$430$60
31 years$1,728$1,224$849$578$389$50
32 years$1,656$1,158$792$532$352$42
33 years$1,588$1,096$739$489$318$35
34 years$1,525$1,039$691$450$288$29
35 years$1,465$986$646$414$261$24
36 years$1,409$936$604$381$236$20
37 years$1,356$889$565$351$214$17
38 years$1,305$844$529$324$194$14
39 years$1,258$803$496$299$176$12
40 years$1,213$764$465$275$160$10
41 years$1,170$727$436$254$145$8
42 years$1,129$693$409$234$132$7
43 years$1,091$660$384$216$119$6
44 years$1,054$629$360$200$108$5
45 years$1,019$600$338$185$98$4
46 years$985$572$318$170$89$3
47 years$954$546$298$158$81$3
48 years$923$521$280$146$74$2
49 years$894$498$264$135$67$2
50 years$866$476$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $887,000, adding $3,436 every year, while hoping to spend $21,926 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: 33/48/19 Blend
52$887,000$887,000$887,000$887,000
53$981,018$934,007$920,259$1,007,530
54$1,057,753$956,444$927,758$1,049,913
55$1,141,580$979,246$934,774$1,093,303
56$1,233,199$1,002,407$941,267$1,139,607
57$1,333,381$1,025,922$947,196$1,189,093
58$1,442,976$1,049,781$952,516$1,242,058
59$1,562,917$1,073,978$957,183$1,298,828
60$1,694,234$1,098,503$961,149$1,359,765
61$1,838,061$1,123,344$964,362$1,425,264
62$1,995,644$1,148,489$966,769$1,495,763
63$2,168,359$1,173,924$968,315$1,571,743
64$2,357,720$1,199,635$968,942$1,653,736
65$2,565,393$1,225,603$968,587$1,742,328
66$2,793,216$1,251,810$967,187$1,838,165
67$3,043,210$1,278,235$964,674$1,941,957
68$3,317,604$1,304,854$960,977$2,054,491
69$3,618,851$1,331,644$956,022$2,176,631
70$3,949,656$1,358,576$949,730$2,309,331
71$4,312,996$1,385,621$942,021$2,453,644
72$4,712,151$1,412,747$932,809$2,610,729
73$5,150,736$1,439,917$922,003$2,781,865
74$5,632,731$1,467,093$909,511$2,968,463
75$6,162,524$1,494,235$895,234$3,172,077
76$6,744,947$1,521,297$879,069$3,394,422
77$7,385,322$1,548,232$860,908$3,637,389
78$8,089,516$1,574,986$840,640$3,903,063
79$8,863,991$1,601,505$818,146$4,193,743
80$9,715,867$1,627,727$793,302$4,511,962
81$10,652,988$1,653,589$765,981$4,860,517
82$11,683,997$1,679,019$736,046$5,242,489
83$12,818,419$1,703,945$703,357$5,661,275
84$14,066,745$1,728,286$667,767$6,120,624
85$15,440,537$1,751,955$629,121$6,624,665
86$16,952,533$1,774,863$587,258$7,177,954
87$18,616,771$1,796,911$542,011$7,785,513
88$20,448,716$1,817,994$493,203$8,452,879
89$22,465,410$1,838,001$440,650$9,186,159
90$24,685,631$1,856,812$384,161$9,992,082
91$27,130,070$1,874,300$323,535$10,878,070
92$29,821,527$1,890,331$258,563$11,852,306
93$32,785,124$1,904,758$189,027$12,923,810
94$36,048,545$1,917,430$114,697$14,102,526
95$39,642,294$1,928,181$35,337$15,399,421
96$43,599,985$1,936,839$0$16,826,580
97$47,958,657$1,943,217$0$18,407,336
98$52,759,124$1,947,119$0$20,154,668
99$58,046,363$1,948,336$0$22,077,656
100$63,869,933$1,946,646$0$24,194,210