Can I retire at age 53 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$72,257$71,613$70,985$70,372$69,774$69,247
2 years$35,771$35,104$34,459$33,833$33,226$32,695
3 years$23,610$22,941$22,297$21,677$21,080$20,561
4 years$17,531$16,864$16,227$15,617$15,034$14,531
5 years$13,885$13,222$12,593$11,995$11,429$10,944
6 years$11,455$10,797$10,177$9,593$9,043$8,576
7 years$9,719$9,067$8,457$7,887$7,355$6,906
8 years$8,419$7,772$7,172$6,616$6,101$5,671
9 years$7,407$6,767$6,177$5,635$5,138$4,726
10 years$6,599$5,965$5,385$4,858$4,378$3,984
11 years$5,938$5,310$4,741$4,228$3,765$3,389
12 years$5,387$4,766$4,208$3,708$3,263$2,904
13 years$4,922$4,307$3,759$3,274$2,845$2,504
14 years$4,523$3,915$3,378$2,906$2,494$2,170
15 years$4,178$3,576$3,050$2,592$2,196$1,888
16 years$3,877$3,281$2,765$2,321$1,941$1,648
17 years$3,611$3,022$2,516$2,085$1,721$1,444
18 years$3,375$2,792$2,297$1,879$1,530$1,268
19 years$3,164$2,588$2,103$1,698$1,364$1,115
20 years$2,974$2,405$1,930$1,538$1,218$984
21 years$2,802$2,240$1,775$1,396$1,090$869
22 years$2,647$2,091$1,636$1,269$977$768
23 years$2,505$1,956$1,510$1,156$877$681
24 years$2,375$1,832$1,397$1,054$788$603
25 years$2,256$1,720$1,294$963$709$536
26 years$2,146$1,616$1,200$880$639$476
27 years$2,044$1,521$1,114$806$576$423
28 years$1,950$1,433$1,036$738$520$376
29 years$1,863$1,352$964$677$469$335
30 years$1,781$1,277$898$621$424$298
31 years$1,705$1,207$837$571$383$266
32 years$1,634$1,142$781$524$347$237
33 years$1,567$1,082$729$482$314$211
34 years$1,504$1,025$681$444$284$188
35 years$1,445$972$637$408$257$168
36 years$1,390$923$596$376$233$150
37 years$1,337$877$558$347$211$134
38 years$1,288$833$522$319$192$120
39 years$1,241$792$489$295$174$107
40 years$1,196$754$459$272$158$95
41 years$1,154$717$430$251$143$85
42 years$1,114$683$403$231$130$76
43 years$1,076$651$379$214$118$68
44 years$1,040$620$355$197$107$61
45 years$1,005$592$334$182$97$54
46 years$972$564$313$168$88$49
47 years$941$539$294$155$80$43
48 years$911$514$277$144$73$39
49 years$882$491$260$133$66$35
50 years$854$469$244$123$60$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $875,000, adding $6,921 every year, while hoping to spend $26,839 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: 48/28/24 Blend
52$875,000$875,000$875,000$875,000
53$971,389$925,014$911,452$1,011,093
54$1,041,914$941,783$913,429$1,056,338
55$1,118,733$958,475$914,572$1,102,222
56$1,202,460$975,056$914,827$1,151,509
57$1,293,770$991,493$914,133$1,204,532
58$1,393,407$1,007,748$912,428$1,261,657
59$1,502,188$1,023,781$909,648$1,323,289
60$1,621,014$1,039,549$905,724$1,389,876
61$1,750,877$1,055,006$900,585$1,461,911
62$1,892,868$1,070,104$894,156$1,539,937
63$2,048,190$1,084,788$886,360$1,624,557
64$2,218,165$1,099,002$877,113$1,716,432
65$2,404,251$1,112,687$866,329$1,816,296
66$2,608,053$1,125,776$853,919$1,924,955
67$2,831,337$1,138,202$839,789$2,043,300
68$3,076,050$1,149,891$823,838$2,172,316
69$3,344,335$1,160,764$805,965$2,313,086
70$3,638,553$1,170,737$786,060$2,466,809
71$3,961,304$1,179,721$764,012$2,634,806
72$4,315,451$1,187,622$739,700$2,818,534
73$4,704,149$1,194,337$713,002$3,019,601
74$5,130,873$1,199,760$683,789$3,239,782
75$5,599,450$1,203,777$651,923$3,481,035
76$6,114,096$1,206,264$617,266$3,745,518
77$6,679,457$1,207,094$579,667$4,035,615
78$7,300,649$1,206,129$538,973$4,353,954
79$7,983,309$1,203,223$495,022$4,703,432
80$8,733,647$1,198,222$447,646$5,087,249
81$9,558,505$1,190,961$396,668$5,508,931
82$10,465,420$1,181,265$341,904$5,972,368
83$11,462,697$1,168,951$283,162$6,481,852
84$12,559,485$1,153,823$220,241$7,042,115
85$13,765,864$1,135,672$152,931$7,658,376
86$15,092,942$1,114,279$81,013$8,336,391
87$16,552,954$1,089,411$4,260$9,082,509
88$18,159,385$1,060,822$0$9,903,730
89$19,927,090$1,028,249$0$10,827,658
90$21,872,437$991,417$0$11,845,378
91$24,013,462$950,033$0$12,965,252
92$26,370,037$903,787$0$14,197,700
93$28,964,061$852,352$0$15,554,209
94$31,819,659$795,382$0$17,047,439
95$34,963,418$732,510$0$18,691,343
96$38,424,633$663,349$0$20,501,305
97$42,235,583$587,490$0$22,494,276
98$46,431,835$504,500$0$24,688,945
99$51,052,585$413,923$0$27,105,908
100$56,141,019$315,276$0$29,767,868