Can I retire at age 57 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,174$71,531$70,904$70,292$69,694$69,313
2 years$35,730$35,064$34,419$33,794$33,188$32,803
3 years$23,583$22,915$22,272$21,652$21,056$20,679
4 years$17,511$16,845$16,208$15,599$15,017$14,652
5 years$13,869$13,207$12,578$11,982$11,416$11,063
6 years$11,441$10,784$10,165$9,582$9,033$8,693
7 years$9,708$9,057$8,447$7,878$7,346$7,020
8 years$8,409$7,763$7,164$6,608$6,094$5,781
9 years$7,399$6,759$6,170$5,629$5,132$4,832
10 years$6,591$5,958$5,379$4,852$4,373$4,086
11 years$5,931$5,304$4,736$4,223$3,761$3,486
12 years$5,381$4,761$4,203$3,704$3,259$2,997
13 years$4,916$4,302$3,755$3,270$2,842$2,592
14 years$4,518$3,911$3,374$2,903$2,491$2,253
15 years$4,174$3,572$3,046$2,589$2,194$1,967
16 years$3,872$3,278$2,762$2,318$1,939$1,723
17 years$3,607$3,019$2,513$2,083$1,719$1,514
18 years$3,371$2,789$2,294$1,877$1,528$1,334
19 years$3,160$2,585$2,100$1,696$1,362$1,179
20 years$2,970$2,402$1,927$1,536$1,217$1,043
21 years$2,799$2,238$1,773$1,394$1,089$925
22 years$2,644$2,089$1,634$1,268$976$821
23 years$2,502$1,953$1,509$1,154$876$730
24 years$2,372$1,830$1,395$1,053$788$650
25 years$2,253$1,718$1,292$962$709$579
26 years$2,144$1,614$1,199$879$638$516
27 years$2,042$1,519$1,113$805$576$461
28 years$1,948$1,432$1,035$737$519$411
29 years$1,861$1,351$963$676$469$368
30 years$1,779$1,275$897$620$424$329
31 years$1,703$1,206$836$570$383$294
32 years$1,632$1,141$780$524$346$263
33 years$1,565$1,080$728$482$314$236
34 years$1,503$1,024$681$443$284$211
35 years$1,444$971$636$408$257$189
36 years$1,388$922$595$376$233$170
37 years$1,336$876$557$346$211$152
38 years$1,286$832$522$319$191$136
39 years$1,239$791$489$294$174$122
40 years$1,195$753$458$271$157$110
41 years$1,153$717$430$250$143$98
42 years$1,113$682$403$231$130$88
43 years$1,075$650$378$213$118$79
44 years$1,038$620$355$197$107$71
45 years$1,004$591$333$182$97$64
46 years$971$564$313$168$88$57
47 years$940$538$294$155$80$51
48 years$910$514$276$143$73$46
49 years$881$490$260$133$66$41
50 years$853$469$244$123$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $874,000, adding $2,176 every year, while hoping to spend $57,691 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: 35/41/24 Blend
56$874,000$874,000$874,000$874,000
57$965,393$919,071$905,524$992,098
58$1,002,480$902,722$874,476$995,731
59$1,041,416$883,639$840,454$994,227
60$1,082,330$861,627$803,299$991,451
61$1,125,360$836,478$762,841$987,327
62$1,170,656$807,976$718,906$981,777
63$1,218,384$775,887$671,310$974,719
64$1,268,722$739,969$619,862$966,069
65$1,321,866$699,961$564,362$955,742
66$1,378,028$655,591$504,599$943,651
67$1,437,440$606,568$440,357$929,705
68$1,500,356$552,588$371,406$913,816
69$1,567,053$493,325$297,509$895,892
70$1,637,834$428,439$218,417$875,841
71$1,713,029$357,569$133,870$853,571
72$1,793,000$280,332$43,596$828,990
73$1,878,143$196,325$0$802,008
74$1,968,892$105,123$0$786,042
75$2,065,721$6,276$0$780,291
76$2,169,151$0$0$773,575
77$2,279,752$0$0$811,326
78$2,398,148$0$0$854,851
79$2,525,026$0$0$901,579
80$2,661,136$0$0$951,798
81$2,807,304$0$0$1,005,825
82$2,964,436$0$0$1,064,007
83$3,133,524$0$0$1,126,724
84$3,315,662$0$0$1,194,395
85$3,512,046$0$0$1,267,481
86$3,723,995$0$0$1,346,485
87$3,952,955$0$0$1,431,964
88$4,200,515$0$0$1,524,529
89$4,468,424$0$0$1,624,849
90$4,758,603$0$0$1,733,665
91$5,073,163$0$0$1,851,786
92$5,414,428$0$0$1,980,107
93$5,784,952$0$0$2,119,608
94$6,187,544$0$0$2,271,371
95$6,625,295$0$0$2,436,584
96$7,101,605$0$0$2,616,555
97$7,620,215$0$0$2,812,723
98$8,185,243$0$0$3,026,673
99$8,801,218$0$0$3,260,147
100$9,473,126$0$0$3,515,066