Can I retire at age 57 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$72,092$71,449$70,823$70,211$69,614$67,091
2 years$35,689$35,024$34,380$33,755$33,150$30,635
3 years$23,556$22,889$22,246$21,627$21,031$18,605
4 years$17,491$16,826$16,190$15,581$15,000$12,680
5 years$13,853$13,191$12,564$11,968$11,403$9,195
6 years$11,428$10,772$10,153$9,571$9,023$6,929
7 years$9,697$9,046$8,437$7,869$7,338$5,358
8 years$8,399$7,754$7,156$6,601$6,087$4,219
9 years$7,390$6,751$6,163$5,623$5,126$3,367
10 years$6,584$5,951$5,373$4,847$4,368$2,715
11 years$5,924$5,298$4,730$4,218$3,757$2,207
12 years$5,375$4,755$4,198$3,700$3,255$1,804
13 years$4,911$4,297$3,751$3,266$2,839$1,483
14 years$4,513$3,906$3,370$2,900$2,488$1,223
15 years$4,169$3,568$3,043$2,586$2,191$1,013
16 years$3,868$3,274$2,759$2,315$1,936$840
17 years$3,602$3,015$2,510$2,080$1,717$699
18 years$3,367$2,786$2,292$1,875$1,527$582
19 years$3,156$2,582$2,098$1,694$1,361$486
20 years$2,967$2,399$1,925$1,534$1,215$406
21 years$2,796$2,235$1,771$1,392$1,088$339
22 years$2,641$2,086$1,632$1,266$975$284
23 years$2,499$1,951$1,507$1,153$875$238
24 years$2,370$1,828$1,394$1,052$787$199
25 years$2,251$1,716$1,291$960$708$167
26 years$2,141$1,612$1,197$878$638$140
27 years$2,040$1,517$1,112$804$575$117
28 years$1,946$1,430$1,033$736$519$99
29 years$1,858$1,349$962$675$468$83
30 years$1,777$1,274$896$620$423$69
31 years$1,701$1,204$835$569$383$58
32 years$1,630$1,140$779$523$346$49
33 years$1,563$1,079$728$481$313$41
34 years$1,501$1,023$680$443$284$35
35 years$1,442$970$636$407$257$29
36 years$1,387$921$595$375$233$24
37 years$1,334$875$556$346$211$20
38 years$1,285$831$521$319$191$17
39 years$1,238$790$488$294$173$14
40 years$1,194$752$458$271$157$12
41 years$1,151$716$429$250$143$10
42 years$1,111$682$403$231$129$9
43 years$1,073$649$378$213$118$7
44 years$1,037$619$355$197$107$6
45 years$1,003$590$333$182$97$5
46 years$970$563$313$168$88$4
47 years$938$537$294$155$80$4
48 years$908$513$276$143$73$3
49 years$880$490$259$132$66$3
50 years$852$468$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $873,000, adding $6,937 every year, while hoping to spend $37,814 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: 62/22/16 Blend
56$873,000$873,000$873,000$873,000
57$969,202$922,933$909,401$1,025,002
58$1,027,826$927,922$899,632$1,068,355
59$1,091,163$931,889$888,269$1,110,766
60$1,159,654$934,744$875,217$1,156,166
61$1,233,781$936,389$860,380$1,204,846
62$1,314,079$936,724$843,655$1,257,131
63$1,401,133$935,641$824,935$1,313,378
64$1,495,586$933,025$804,107$1,373,982
65$1,598,146$928,754$781,056$1,439,379
66$1,709,593$922,699$755,658$1,510,052
67$1,830,784$914,723$727,784$1,586,533
68$1,962,660$904,681$697,301$1,669,411
69$2,106,260$892,419$664,069$1,759,336
70$2,262,724$877,773$627,941$1,857,026
71$2,433,309$860,571$588,764$1,963,274
72$2,619,396$840,629$546,378$2,078,956
73$2,822,509$817,754$500,615$2,205,039
74$3,044,320$791,739$451,301$2,342,592
75$3,286,675$762,368$398,254$2,492,793
76$3,551,602$729,411$341,282$2,656,946
77$3,841,337$692,624$280,187$2,836,488
78$4,158,341$651,750$214,761$3,033,007
79$4,505,323$606,517$144,786$3,248,256
80$4,885,265$556,636$70,036$3,484,169
81$5,301,455$501,803$0$3,742,881
82$5,757,509$441,698$0$4,028,413
83$6,257,413$375,979$0$4,354,572
84$6,805,555$304,288$0$4,712,303
85$7,406,770$226,246$0$5,104,822
86$8,066,380$141,451$0$5,535,674
87$8,790,250$49,482$0$6,008,766
88$9,584,840$0$0$6,528,410
89$10,457,264$0$0$7,111,488
90$11,415,361$0$0$7,765,049
91$12,467,764$0$0$8,483,010
92$13,623,986$0$0$9,271,869
93$14,894,504$0$0$10,138,786
94$16,290,863$0$0$11,091,646
95$17,825,780$0$0$12,139,136
96$19,513,265$0$0$13,290,829
97$21,368,756$0$0$14,557,270
98$23,409,258$0$0$15,950,077
99$25,653,510$0$0$17,482,051
100$28,122,155$0$0$19,167,297