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%14.9%
1 years$73,248$72,595$71,959$71,337$70,731$69,303
2 years$36,261$35,586$34,931$34,297$33,681$32,249
3 years$23,934$23,256$22,603$21,974$21,369$19,977
4 years$17,772$17,095$16,449$15,831$15,240$13,899
5 years$14,075$13,403$12,765$12,160$11,585$10,299
6 years$11,612$10,945$10,316$9,724$9,167$7,937
7 years$9,853$9,191$8,573$7,995$7,455$6,282
8 years$8,534$7,879$7,270$6,707$6,185$5,067
9 years$7,509$6,860$6,262$5,713$5,209$4,146
10 years$6,689$6,047$5,459$4,924$4,438$3,430
11 years$6,019$5,383$4,806$4,286$3,817$2,862
12 years$5,461$4,831$4,265$3,759$3,308$2,404
13 years$4,990$4,366$3,811$3,319$2,884$2,031
14 years$4,585$3,969$3,424$2,946$2,528$1,724
15 years$4,236$3,625$3,092$2,627$2,226$1,469
16 years$3,930$3,326$2,803$2,352$1,967$1,255
17 years$3,660$3,063$2,551$2,114$1,745$1,075
18 years$3,421$2,831$2,328$1,905$1,551$923
19 years$3,207$2,623$2,131$1,721$1,383$794
20 years$3,015$2,438$1,956$1,559$1,235$685
21 years$2,841$2,271$1,799$1,415$1,105$591
22 years$2,683$2,120$1,658$1,286$991$510
23 years$2,539$1,983$1,531$1,172$889$441
24 years$2,408$1,857$1,416$1,068$799$382
25 years$2,287$1,743$1,312$976$719$331
26 years$2,175$1,638$1,216$892$648$287
27 years$2,072$1,542$1,130$817$584$249
28 years$1,977$1,453$1,050$748$527$216
29 years$1,888$1,371$977$686$476$187
30 years$1,806$1,294$910$630$430$163
31 years$1,728$1,224$849$578$389$141
32 years$1,656$1,158$792$532$352$123
33 years$1,588$1,096$739$489$318$107
34 years$1,525$1,039$691$450$288$93
35 years$1,465$986$646$414$261$81
36 years$1,409$936$604$381$236$70
37 years$1,356$889$565$351$214$61
38 years$1,305$844$529$324$194$53
39 years$1,258$803$496$299$176$46
40 years$1,213$764$465$275$160$40
41 years$1,170$727$436$254$145$35
42 years$1,129$693$409$234$132$30
43 years$1,091$660$384$216$119$26
44 years$1,054$629$360$200$108$23
45 years$1,019$600$338$185$98$20
46 years$985$572$318$170$89$17
47 years$954$546$298$158$81$15
48 years$923$521$280$146$74$13
49 years$894$498$264$135$67$11
50 years$866$476$248$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $887,000, adding $5,393 every year, while hoping to spend $24,998 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: 51/23/26 Blend
52$887,000$887,000$887,000$887,000
53$983,037$936,026$922,277$1,025,746
54$1,056,709$955,293$926,576$1,075,270
55$1,137,058$974,667$930,181$1,126,131
56$1,224,738$994,126$933,042$1,180,935
57$1,320,470$1,013,647$935,108$1,240,068
58$1,425,047$1,033,205$936,323$1,303,954
59$1,539,343$1,052,773$936,631$1,373,062
60$1,664,318$1,072,322$935,971$1,447,911
61$1,801,032$1,091,819$934,279$1,529,069
62$1,950,650$1,111,230$931,489$1,617,166
63$2,114,455$1,130,519$927,533$1,712,895
64$2,293,860$1,149,645$922,336$1,817,022
65$2,490,422$1,168,566$915,823$1,930,391
66$2,705,855$1,187,236$907,913$2,053,933
67$2,942,047$1,205,605$898,523$2,188,674
68$3,201,076$1,223,620$887,564$2,335,745
69$3,485,233$1,241,225$874,944$2,496,397
70$3,797,040$1,258,358$860,568$2,672,005
71$4,139,275$1,274,955$844,334$2,864,089
72$4,514,999$1,290,945$826,137$3,074,324
73$4,927,582$1,306,254$805,865$3,304,556
74$5,380,738$1,320,804$783,405$3,556,822
75$5,878,558$1,334,508$758,634$3,833,370
76$6,425,549$1,347,277$731,426$4,136,675
77$7,026,676$1,359,014$701,649$4,469,470
78$7,687,407$1,369,617$669,165$4,834,767
79$8,413,770$1,378,975$633,829$5,235,887
80$9,212,402$1,386,972$595,491$5,676,492
81$10,090,618$1,393,485$553,991$6,160,623
82$11,056,477$1,398,382$509,165$6,692,730
83$12,118,857$1,401,521$460,841$7,277,725
84$13,287,540$1,402,755$408,839$7,921,021
85$14,573,304$1,401,926$352,970$8,628,586
86$15,988,025$1,398,864$293,038$9,407,002
87$17,544,787$1,393,392$228,839$10,263,525
88$19,258,007$1,385,320$160,157$11,206,154
89$21,143,571$1,374,447$86,769$12,243,708
90$23,218,981$1,360,562$8,442$13,385,912
91$25,503,525$1,343,437$0$14,643,484
92$28,018,452$1,322,833$0$16,049,088
93$30,787,180$1,298,497$0$17,598,762
94$33,835,509$1,270,161$0$19,304,594
95$37,191,871$1,237,539$0$21,182,497
96$40,887,594$1,200,330$0$23,250,002
97$44,957,199$1,158,216$0$25,526,434
98$49,438,724$1,110,860$0$28,033,089
99$54,374,085$1,057,903$0$30,793,439
100$59,809,470$998,969$0$33,833,349