Can I retire at age 57 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$72,339$71,695$71,066$70,453$69,853$69,182
2 years$35,812$35,145$34,498$33,871$33,264$32,587
3 years$23,637$22,967$22,323$21,702$21,104$20,443
4 years$17,551$16,883$16,245$15,635$15,051$14,412
5 years$13,901$13,237$12,607$12,009$11,442$10,825
6 years$11,468$10,809$10,188$9,604$9,054$8,461
7 years$9,730$9,077$8,466$7,896$7,363$6,794
8 years$8,428$7,781$7,180$6,624$6,108$5,563
9 years$7,416$6,775$6,184$5,642$5,144$4,623
10 years$6,606$5,972$5,392$4,863$4,383$3,885
11 years$5,945$5,316$4,747$4,233$3,770$3,295
12 years$5,394$4,771$4,213$3,713$3,267$2,815
13 years$4,928$4,312$3,764$3,278$2,849$2,419
14 years$4,529$3,919$3,382$2,909$2,497$2,089
15 years$4,183$3,581$3,053$2,595$2,199$1,811
16 years$3,881$3,285$2,768$2,323$1,943$1,576
17 years$3,615$3,025$2,519$2,087$1,723$1,376
18 years$3,378$2,796$2,299$1,881$1,532$1,204
19 years$3,167$2,591$2,105$1,700$1,365$1,056
20 years$2,977$2,408$1,932$1,540$1,220$927
21 years$2,806$2,243$1,777$1,397$1,091$816
22 years$2,650$2,093$1,638$1,270$978$719
23 years$2,508$1,958$1,512$1,157$878$634
24 years$2,378$1,834$1,399$1,055$789$560
25 years$2,258$1,722$1,295$964$710$495
26 years$2,148$1,618$1,201$881$640$438
27 years$2,047$1,523$1,116$807$577$388
28 years$1,952$1,435$1,037$739$520$344
29 years$1,865$1,354$965$678$470$305
30 years$1,783$1,278$899$622$425$270
31 years$1,707$1,208$838$571$384$240
32 years$1,636$1,143$782$525$347$213
33 years$1,569$1,083$730$483$314$189
34 years$1,506$1,026$682$444$285$168
35 years$1,447$973$638$409$258$149
36 years$1,391$924$597$377$234$133
37 years$1,339$878$558$347$212$118
38 years$1,289$834$523$320$192$105
39 years$1,242$793$490$295$174$93
40 years$1,198$754$459$272$158$83
41 years$1,155$718$431$251$143$74
42 years$1,115$684$404$232$130$66
43 years$1,077$652$379$214$118$58
44 years$1,041$621$356$197$107$52
45 years$1,006$592$334$182$97$46
46 years$973$565$314$168$88$41
47 years$942$539$295$156$80$37
48 years$912$515$277$144$73$33
49 years$883$492$260$133$66$29
50 years$855$470$245$123$60$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $876,000, adding $3,430 every year, while hoping to spend $20,205 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: 60/16/24 Blend
56$876,000$876,000$876,000$876,000
57$968,890$922,462$908,884$1,020,623
58$1,046,219$946,165$917,834$1,079,881
59$1,130,758$970,352$926,406$1,142,016
60$1,223,222$995,025$934,567$1,209,372
61$1,324,396$1,020,187$942,281$1,282,461
62$1,435,147$1,045,839$949,510$1,361,845
63$1,556,428$1,071,981$956,214$1,448,146
64$1,689,289$1,098,613$962,353$1,542,047
65$1,834,886$1,125,735$967,881$1,644,302
66$1,994,492$1,153,344$972,753$1,755,741
67$2,169,511$1,181,438$976,921$1,877,279
68$2,361,486$1,210,014$980,332$2,009,924
69$2,572,119$1,239,066$982,935$2,154,788
70$2,803,284$1,268,589$984,673$2,313,094
71$3,057,046$1,298,577$985,486$2,486,192
72$3,335,678$1,329,020$985,313$2,675,568
73$3,641,685$1,359,910$984,088$2,882,861
74$3,977,826$1,391,235$981,745$3,109,877
75$4,347,141$1,422,982$978,210$3,358,606
76$4,752,979$1,455,138$973,410$3,631,241
77$5,199,030$1,487,686$967,266$3,930,199
78$5,689,356$1,520,609$959,695$4,258,145
79$6,228,437$1,553,885$950,611$4,618,014
80$6,821,205$1,587,493$939,924$5,013,043
81$7,473,096$1,621,408$927,539$5,446,797
82$8,190,098$1,655,602$913,357$5,923,206
83$8,978,808$1,690,047$897,275$6,446,603
84$9,846,496$1,724,709$879,184$7,021,763
85$10,801,172$1,759,553$858,969$7,653,945
86$11,851,660$1,794,540$836,514$8,348,951
87$13,007,684$1,829,627$811,692$9,113,171
88$14,279,958$1,864,769$784,374$9,953,649
89$15,680,287$1,899,916$754,423$10,878,149
90$17,221,678$1,935,014$721,698$11,895,227
91$18,918,465$1,970,005$686,050$13,014,314
92$20,786,439$2,004,826$647,324$14,245,802
93$22,843,002$2,039,409$605,356$15,601,146
94$25,107,330$2,073,682$559,977$17,092,971
95$27,600,551$2,107,566$511,010$18,735,190
96$30,345,948$2,140,977$458,269$20,543,136
97$33,369,174$2,173,824$401,560$22,533,710
98$36,698,499$2,206,011$340,682$24,725,537
99$40,365,074$2,237,434$275,423$27,139,144
100$44,403,225$2,267,981$205,563$29,797,154