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%17.8%
1 years$72,257$71,613$70,985$70,372$69,774$67,567
2 years$35,771$35,104$34,459$33,833$33,226$31,023
3 years$23,610$22,941$22,297$21,677$21,080$18,949
4 years$17,531$16,864$16,227$15,617$15,034$12,993
5 years$13,885$13,222$12,593$11,995$11,429$9,482
6 years$11,455$10,797$10,177$9,593$9,043$7,192
7 years$9,719$9,067$8,457$7,887$7,355$5,599
8 years$8,419$7,772$7,172$6,616$6,101$4,441
9 years$7,407$6,767$6,177$5,635$5,138$3,571
10 years$6,599$5,965$5,385$4,858$4,378$2,901
11 years$5,938$5,310$4,741$4,228$3,765$2,376
12 years$5,387$4,766$4,208$3,708$3,263$1,959
13 years$4,922$4,307$3,759$3,274$2,845$1,623
14 years$4,523$3,915$3,378$2,906$2,494$1,350
15 years$4,178$3,576$3,050$2,592$2,196$1,127
16 years$3,877$3,281$2,765$2,321$1,941$943
17 years$3,611$3,022$2,516$2,085$1,721$791
18 years$3,375$2,792$2,297$1,879$1,530$665
19 years$3,164$2,588$2,103$1,698$1,364$560
20 years$2,974$2,405$1,930$1,538$1,218$472
21 years$2,802$2,240$1,775$1,396$1,090$398
22 years$2,647$2,091$1,636$1,269$977$336
23 years$2,505$1,956$1,510$1,156$877$284
24 years$2,375$1,832$1,397$1,054$788$241
25 years$2,256$1,720$1,294$963$709$204
26 years$2,146$1,616$1,200$880$639$172
27 years$2,044$1,521$1,114$806$576$146
28 years$1,950$1,433$1,036$738$520$124
29 years$1,863$1,352$964$677$469$105
30 years$1,781$1,277$898$621$424$89
31 years$1,705$1,207$837$571$383$75
32 years$1,634$1,142$781$524$347$64
33 years$1,567$1,082$729$482$314$54
34 years$1,504$1,025$681$444$284$46
35 years$1,445$972$637$408$257$39
36 years$1,390$923$596$376$233$33
37 years$1,337$877$558$347$211$28
38 years$1,288$833$522$319$192$24
39 years$1,241$792$489$295$174$20
40 years$1,196$754$459$272$158$17
41 years$1,154$717$430$251$143$15
42 years$1,114$683$403$231$130$12
43 years$1,076$651$379$214$118$11
44 years$1,040$620$355$197$107$9
45 years$1,005$592$334$182$97$8
46 years$972$564$313$168$88$6
47 years$941$539$294$155$80$5
48 years$911$514$277$144$73$5
49 years$882$491$260$133$66$4
50 years$854$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $875,000, adding $5,224 every year, while hoping to spend $44,957 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: 68/19/13 Blend
52$875,000$875,000$875,000$875,000
53$969,639$923,264$909,701$1,032,400
54$1,020,708$920,670$892,342$1,072,238
55$1,075,479$916,442$872,895$1,109,951
56$1,134,283$910,452$851,242$1,150,043
57$1,197,482$902,567$827,261$1,192,741
58$1,265,474$892,641$800,822$1,238,298
59$1,338,694$880,522$771,792$1,286,993
60$1,417,624$866,051$740,030$1,339,134
61$1,502,790$849,055$705,389$1,395,063
62$1,594,770$829,355$667,715$1,455,156
63$1,694,201$806,758$626,849$1,519,832
64$1,801,783$781,062$582,621$1,589,551
65$1,918,283$752,052$534,857$1,664,823
66$2,044,547$719,502$483,374$1,746,211
67$2,181,503$683,170$427,979$1,834,339
68$2,330,174$642,803$368,474$1,929,894
69$2,491,684$598,132$304,650$2,033,637
70$2,667,268$548,873$236,288$2,146,409
71$2,858,287$494,726$163,161$2,269,140
72$3,066,237$435,372$85,032$2,402,854
73$3,292,764$370,476$1,652$2,548,686
74$3,539,681$299,685$0$2,707,890
75$3,808,982$222,623$0$2,893,961
76$4,102,862$138,895$0$3,097,346
77$4,423,736$48,083$0$3,319,544
78$4,774,265$0$0$3,562,458
79$5,157,375$0$0$3,838,698
80$5,576,292$0$0$4,151,797
81$6,034,562$0$0$4,494,361
82$6,536,096$0$0$4,869,318
83$7,085,195$0$0$5,279,891
84$7,686,598$0$0$5,729,630
85$8,345,524$0$0$6,222,445
86$9,067,719$0$0$6,762,642
87$9,859,514$0$0$7,354,962
88$10,727,878$0$0$8,004,628
89$11,680,491$0$0$8,717,394
90$12,725,808$0$0$9,499,595
91$13,873,146$0$0$10,358,211
92$15,132,765$0$0$11,300,929
93$16,515,970$0$0$12,336,220
94$18,035,210$0$0$13,473,412
95$19,704,204$0$0$14,722,783
96$21,538,060$0$0$16,095,655
97$23,553,427$0$0$17,604,501
98$25,768,644$0$0$19,263,063
99$28,203,915$0$0$21,086,480
100$30,881,500$0$0$23,091,430