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%12.4%
1 years$72,174$71,531$70,904$70,292$69,694$68,995
2 years$35,730$35,064$34,419$33,794$33,188$32,483
3 years$23,583$22,915$22,272$21,652$21,056$20,368
4 years$17,511$16,845$16,208$15,599$15,017$14,352
5 years$13,869$13,207$12,578$11,982$11,416$10,775
6 years$11,441$10,784$10,165$9,582$9,033$8,417
7 years$9,708$9,057$8,447$7,878$7,346$6,755
8 years$8,409$7,763$7,164$6,608$6,094$5,528
9 years$7,399$6,759$6,170$5,629$5,132$4,591
10 years$6,591$5,958$5,379$4,852$4,373$3,856
11 years$5,931$5,304$4,736$4,223$3,761$3,268
12 years$5,381$4,761$4,203$3,704$3,259$2,790
13 years$4,916$4,302$3,755$3,270$2,842$2,396
14 years$4,518$3,911$3,374$2,903$2,491$2,068
15 years$4,174$3,572$3,046$2,589$2,194$1,792
16 years$3,872$3,278$2,762$2,318$1,939$1,558
17 years$3,607$3,019$2,513$2,083$1,719$1,359
18 years$3,371$2,789$2,294$1,877$1,528$1,188
19 years$3,160$2,585$2,100$1,696$1,362$1,041
20 years$2,970$2,402$1,927$1,536$1,217$914
21 years$2,799$2,238$1,773$1,394$1,089$804
22 years$2,644$2,089$1,634$1,268$976$708
23 years$2,502$1,953$1,509$1,154$876$624
24 years$2,372$1,830$1,395$1,053$788$551
25 years$2,253$1,718$1,292$962$709$487
26 years$2,144$1,614$1,199$879$638$430
27 years$2,042$1,519$1,113$805$576$381
28 years$1,948$1,432$1,035$737$519$337
29 years$1,861$1,351$963$676$469$298
30 years$1,779$1,275$897$620$424$265
31 years$1,703$1,206$836$570$383$235
32 years$1,632$1,141$780$524$346$208
33 years$1,565$1,080$728$482$314$185
34 years$1,503$1,024$681$443$284$164
35 years$1,444$971$636$408$257$145
36 years$1,388$922$595$376$233$129
37 years$1,336$876$557$346$211$115
38 years$1,286$832$522$319$191$102
39 years$1,239$791$489$294$174$91
40 years$1,195$753$458$271$157$80
41 years$1,153$717$430$250$143$72
42 years$1,113$682$403$231$130$64
43 years$1,075$650$378$213$118$57
44 years$1,038$620$355$197$107$50
45 years$1,004$591$333$182$97$45
46 years$971$564$313$168$88$40
47 years$940$538$294$155$80$35
48 years$910$514$276$143$73$31
49 years$881$490$260$133$66$28
50 years$853$469$244$123$60$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $874,000, adding $3,119 every year, while hoping to spend $42,451 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: 35/47/18 Blend
56$874,000$874,000$874,000$874,000
57$966,365$920,043$906,496$994,763
58$1,019,767$919,958$891,696$1,015,698
59$1,077,193$918,445$874,978$1,034,084
60$1,139,009$915,391$856,232$1,053,028
61$1,205,616$910,674$835,344$1,072,605
62$1,277,455$904,164$812,195$1,092,898
63$1,355,012$895,724$786,659$1,114,005
64$1,438,818$885,209$758,607$1,136,033
65$1,529,458$872,465$727,901$1,159,109
66$1,627,576$857,329$694,399$1,183,373
67$1,733,878$839,628$657,951$1,208,984
68$1,849,143$819,178$618,401$1,236,123
69$1,974,224$795,786$575,586$1,264,995
70$2,110,062$769,247$529,336$1,295,829
71$2,257,692$739,344$479,472$1,328,884
72$2,418,250$705,845$425,808$1,364,450
73$2,592,989$668,509$368,150$1,402,856
74$2,783,286$627,078$306,295$1,444,466
75$2,990,656$581,280$240,031$1,489,693
76$3,216,767$530,827$169,136$1,538,997
77$3,463,455$475,416$93,380$1,592,893
78$3,732,741$414,724$12,521$1,651,958
79$4,026,848$348,413$0$1,716,835
80$4,348,226$276,124$0$1,802,411
81$4,699,568$197,478$0$1,898,808
82$5,083,845$112,075$0$2,004,565
83$5,504,322$19,492$0$2,120,734
84$5,964,599$0$0$2,248,482
85$6,468,637$0$0$2,430,851
86$7,020,800$0$0$2,641,801
87$7,625,893$0$0$2,873,102
88$8,289,209$0$0$3,126,795
89$9,016,575$0$0$3,405,124
90$9,814,411$0$0$3,710,563
91$10,689,788$0$0$4,045,838
92$11,650,494$0$0$4,413,950
93$12,705,108$0$0$4,818,206
94$13,863,080$0$0$5,262,248
95$15,134,819$0$0$5,750,088
96$16,531,794$0$0$6,286,148
97$18,066,637$0$0$6,875,297
98$19,753,265$0$0$7,522,899
99$21,607,009$0$0$8,234,867
100$23,644,761$0$0$9,017,710