Can I retire at age 57 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$72,257$71,613$70,985$70,372$69,774$69,016
2 years$35,771$35,104$34,459$33,833$33,226$32,463
3 years$23,610$22,941$22,297$21,677$21,080$20,336
4 years$17,531$16,864$16,227$15,617$15,034$14,314
5 years$13,885$13,222$12,593$11,995$11,429$10,735
6 years$11,455$10,797$10,177$9,593$9,043$8,377
7 years$9,719$9,067$8,457$7,887$7,355$6,715
8 years$8,419$7,772$7,172$6,616$6,101$5,490
9 years$7,407$6,767$6,177$5,635$5,138$4,554
10 years$6,599$5,965$5,385$4,858$4,378$3,820
11 years$5,938$5,310$4,741$4,228$3,765$3,234
12 years$5,387$4,766$4,208$3,708$3,263$2,757
13 years$4,922$4,307$3,759$3,274$2,845$2,365
14 years$4,523$3,915$3,378$2,906$2,494$2,038
15 years$4,178$3,576$3,050$2,592$2,196$1,764
16 years$3,877$3,281$2,765$2,321$1,941$1,532
17 years$3,611$3,022$2,516$2,085$1,721$1,334
18 years$3,375$2,792$2,297$1,879$1,530$1,165
19 years$3,164$2,588$2,103$1,698$1,364$1,019
20 years$2,974$2,405$1,930$1,538$1,218$893
21 years$2,802$2,240$1,775$1,396$1,090$784
22 years$2,647$2,091$1,636$1,269$977$690
23 years$2,505$1,956$1,510$1,156$877$607
24 years$2,375$1,832$1,397$1,054$788$535
25 years$2,256$1,720$1,294$963$709$472
26 years$2,146$1,616$1,200$880$639$417
27 years$2,044$1,521$1,114$806$576$368
28 years$1,950$1,433$1,036$738$520$325
29 years$1,863$1,352$964$677$469$288
30 years$1,781$1,277$898$621$424$255
31 years$1,705$1,207$837$571$383$225
32 years$1,634$1,142$781$524$347$200
33 years$1,567$1,082$729$482$314$177
34 years$1,504$1,025$681$444$284$157
35 years$1,445$972$637$408$257$139
36 years$1,390$923$596$376$233$123
37 years$1,337$877$558$347$211$109
38 years$1,288$833$522$319$192$97
39 years$1,241$792$489$295$174$86
40 years$1,196$754$459$272$158$76
41 years$1,154$717$430$251$143$68
42 years$1,114$683$403$231$130$60
43 years$1,076$651$379$214$118$53
44 years$1,040$620$355$197$107$47
45 years$1,005$592$334$182$97$42
46 years$972$564$313$168$88$37
47 years$941$539$294$155$80$33
48 years$911$514$277$144$73$29
49 years$882$491$260$133$66$26
50 years$854$469$244$123$60$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $875,000, adding $3,767 every year, while hoping to spend $24,463 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: 59/11/30 Blend
56$875,000$875,000$875,000$875,000
57$968,136$921,761$908,198$1,017,117
58$1,040,857$940,898$912,594$1,070,233
59$1,120,176$960,154$916,318$1,125,243
60$1,206,740$979,508$919,321$1,184,753
61$1,301,261$998,937$921,551$1,249,208
62$1,404,523$1,018,419$922,957$1,319,099
63$1,517,390$1,037,927$923,482$1,394,967
64$1,640,812$1,057,433$923,066$1,477,408
65$1,775,836$1,076,908$921,650$1,567,080
66$1,923,613$1,096,318$919,167$1,664,709
67$2,085,412$1,115,629$915,550$1,771,094
68$2,262,632$1,134,802$910,728$1,887,118
69$2,456,809$1,153,797$904,627$2,013,753
70$2,669,640$1,172,569$897,167$2,152,072
71$2,902,989$1,191,071$888,269$2,303,257
72$3,158,914$1,209,253$877,845$2,468,612
73$3,439,676$1,227,060$865,807$2,649,577
74$3,747,771$1,244,434$852,059$2,847,735
75$4,085,945$1,261,312$836,505$3,064,836
76$4,457,224$1,277,629$819,040$3,302,807
77$4,864,940$1,293,312$799,557$3,563,773
78$5,312,766$1,308,286$777,944$3,850,078
79$5,804,745$1,322,468$754,081$4,164,307
80$6,345,333$1,335,774$727,847$4,509,307
81$6,939,439$1,348,109$699,113$4,888,219
82$7,592,471$1,359,375$667,742$5,304,507
83$8,310,386$1,369,467$633,594$5,761,989
84$9,099,748$1,378,274$596,522$6,264,873
85$9,967,788$1,385,676$556,372$6,817,800
86$10,922,475$1,391,546$512,983$7,425,886
87$11,972,586$1,395,750$466,186$8,094,770
88$13,127,792$1,398,145$415,806$8,830,671
89$14,398,751$1,398,578$361,659$9,640,442
90$15,797,203$1,396,888$303,555$10,531,639
91$17,336,085$1,392,903$241,291$11,512,593
92$19,029,652$1,386,441$174,660$12,592,484
93$20,893,609$1,377,309$103,444$13,781,435
94$22,945,262$1,365,302$27,414$15,090,604
95$25,203,679$1,350,203$0$16,532,290
96$27,689,872$1,331,780$0$18,137,247
97$30,426,993$1,309,791$0$19,913,706
98$33,440,551$1,283,976$0$21,869,438
99$36,758,658$1,254,061$0$24,022,688
100$40,412,287$1,219,756$0$26,393,561