Can I retire at age 53 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$72,339$71,695$71,066$70,453$69,853$68,192
2 years$35,812$35,145$34,498$33,871$33,264$31,600
3 years$23,637$22,967$22,323$21,702$21,104$19,489
4 years$17,551$16,883$16,245$15,635$15,051$13,499
5 years$13,901$13,237$12,607$12,009$11,442$9,955
6 years$11,468$10,809$10,188$9,604$9,054$7,634
7 years$9,730$9,077$8,466$7,896$7,363$6,012
8 years$8,428$7,781$7,180$6,624$6,108$4,824
9 years$7,416$6,775$6,184$5,642$5,144$3,926
10 years$6,606$5,972$5,392$4,863$4,383$3,230
11 years$5,945$5,316$4,747$4,233$3,770$2,680
12 years$5,394$4,771$4,213$3,713$3,267$2,238
13 years$4,928$4,312$3,764$3,278$2,849$1,879
14 years$4,529$3,919$3,382$2,909$2,497$1,585
15 years$4,183$3,581$3,053$2,595$2,199$1,342
16 years$3,881$3,285$2,768$2,323$1,943$1,140
17 years$3,615$3,025$2,519$2,087$1,723$970
18 years$3,378$2,796$2,299$1,881$1,532$828
19 years$3,167$2,591$2,105$1,700$1,365$707
20 years$2,977$2,408$1,932$1,540$1,220$605
21 years$2,806$2,243$1,777$1,397$1,091$519
22 years$2,650$2,093$1,638$1,270$978$445
23 years$2,508$1,958$1,512$1,157$878$382
24 years$2,378$1,834$1,399$1,055$789$328
25 years$2,258$1,722$1,295$964$710$282
26 years$2,148$1,618$1,201$881$640$243
27 years$2,047$1,523$1,116$807$577$209
28 years$1,952$1,435$1,037$739$520$180
29 years$1,865$1,354$965$678$470$155
30 years$1,783$1,278$899$622$425$134
31 years$1,707$1,208$838$571$384$115
32 years$1,636$1,143$782$525$347$99
33 years$1,569$1,083$730$483$314$86
34 years$1,506$1,026$682$444$285$74
35 years$1,447$973$638$409$258$64
36 years$1,391$924$597$377$234$55
37 years$1,339$878$558$347$212$48
38 years$1,289$834$523$320$192$41
39 years$1,242$793$490$295$174$35
40 years$1,198$754$459$272$158$31
41 years$1,155$718$431$251$143$26
42 years$1,115$684$404$232$130$23
43 years$1,077$652$379$214$118$20
44 years$1,041$621$356$197$107$17
45 years$1,006$592$334$182$97$15
46 years$973$565$314$168$88$13
47 years$942$539$295$156$80$11
48 years$912$515$277$144$73$9
49 years$883$492$260$133$66$8
50 years$855$470$245$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $876,000, adding $3,289 every year, while hoping to spend $22,791 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: 51/29/20 Blend
52$876,000$876,000$876,000$876,000
53$968,745$922,317$908,739$1,012,621
54$1,043,307$943,261$914,932$1,064,194
55$1,124,711$964,467$920,569$1,117,616
56$1,213,630$985,925$925,607$1,175,217
57$1,310,807$1,007,621$930,001$1,237,400
58$1,417,057$1,029,542$933,703$1,304,610
59$1,533,280$1,051,673$936,665$1,377,337
60$1,660,465$1,073,996$938,834$1,456,122
61$1,799,703$1,096,492$940,156$1,541,561
62$1,952,195$1,119,142$940,573$1,634,310
63$2,119,262$1,141,923$940,025$1,735,093
64$2,302,359$1,164,810$938,449$1,844,708
65$2,503,091$1,187,778$935,779$1,964,034
66$2,723,224$1,210,796$931,944$2,094,041
67$2,964,701$1,233,833$926,873$2,235,797
68$3,229,666$1,256,857$920,489$2,390,481
69$3,520,479$1,279,829$912,712$2,559,390
70$3,839,738$1,302,711$903,458$2,743,957
71$4,190,306$1,325,459$892,639$2,945,759
72$4,575,339$1,348,028$880,164$3,166,536
73$4,998,310$1,370,368$865,936$3,408,207
74$5,463,047$1,392,425$849,854$3,672,884
75$5,973,766$1,414,143$831,813$3,962,900
76$6,535,114$1,435,460$811,703$4,280,824
77$7,152,209$1,456,310$789,407$4,629,488
78$7,830,688$1,476,623$764,806$5,012,015
79$8,576,764$1,496,323$737,773$5,431,847
80$9,397,281$1,515,330$708,176$5,892,780
81$10,299,780$1,533,558$675,876$6,398,995
82$11,292,569$1,550,914$640,729$6,955,107
83$12,384,803$1,567,300$602,585$7,566,197
84$13,586,566$1,582,611$561,285$8,237,870
85$14,908,973$1,596,736$516,665$8,976,304
86$16,364,267$1,609,555$468,552$9,788,309
87$17,965,941$1,620,942$416,767$10,681,392
88$19,728,859$1,630,760$361,121$11,663,827
89$21,669,403$1,638,868$301,419$12,744,737
90$23,805,620$1,645,110$237,455$13,934,177
91$26,157,398$1,649,326$169,015$15,243,229
92$28,746,652$1,651,342$95,876$16,684,112
93$31,597,527$1,650,974$17,804$18,270,293
94$34,736,631$1,648,028$0$20,016,615
95$38,193,282$1,642,296$0$21,953,422
96$41,999,788$1,633,560$0$24,089,732
97$46,191,747$1,621,585$0$26,441,678
98$50,808,387$1,606,125$0$29,031,232
99$55,892,935$1,586,917$0$31,882,606
100$61,493,022$1,563,684$0$35,022,487