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%17.5%
1 years$72,339$71,695$71,066$70,453$69,853$67,726
2 years$35,812$35,145$34,498$33,871$33,264$31,138
3 years$23,637$22,967$22,323$21,702$21,104$19,048
4 years$17,551$16,883$16,245$15,635$15,051$13,080
5 years$13,901$13,237$12,607$12,009$11,442$9,560
6 years$11,468$10,809$10,188$9,604$9,054$7,264
7 years$9,730$9,077$8,466$7,896$7,363$5,665
8 years$8,428$7,781$7,180$6,624$6,108$4,501
9 years$7,416$6,775$6,184$5,642$5,144$3,625
10 years$6,606$5,972$5,392$4,863$4,383$2,951
11 years$5,945$5,316$4,747$4,233$3,770$2,422
12 years$5,394$4,771$4,213$3,713$3,267$2,000
13 years$4,928$4,312$3,764$3,278$2,849$1,661
14 years$4,529$3,919$3,382$2,909$2,497$1,384
15 years$4,183$3,581$3,053$2,595$2,199$1,158
16 years$3,881$3,285$2,768$2,323$1,943$971
17 years$3,615$3,025$2,519$2,087$1,723$817
18 years$3,378$2,796$2,299$1,881$1,532$688
19 years$3,167$2,591$2,105$1,700$1,365$581
20 years$2,977$2,408$1,932$1,540$1,220$491
21 years$2,806$2,243$1,777$1,397$1,091$415
22 years$2,650$2,093$1,638$1,270$978$351
23 years$2,508$1,958$1,512$1,157$878$298
24 years$2,378$1,834$1,399$1,055$789$252
25 years$2,258$1,722$1,295$964$710$214
26 years$2,148$1,618$1,201$881$640$182
27 years$2,047$1,523$1,116$807$577$154
28 years$1,952$1,435$1,037$739$520$131
29 years$1,865$1,354$965$678$470$111
30 years$1,783$1,278$899$622$425$95
31 years$1,707$1,208$838$571$384$80
32 years$1,636$1,143$782$525$347$68
33 years$1,569$1,083$730$483$314$58
34 years$1,506$1,026$682$444$285$49
35 years$1,447$973$638$409$258$42
36 years$1,391$924$597$377$234$36
37 years$1,339$878$558$347$212$30
38 years$1,289$834$523$320$192$26
39 years$1,242$793$490$295$174$22
40 years$1,198$754$459$272$158$19
41 years$1,155$718$431$251$143$16
42 years$1,115$684$404$232$130$14
43 years$1,077$652$379$214$118$12
44 years$1,041$621$356$197$107$10
45 years$1,006$592$334$182$97$8
46 years$973$565$314$168$88$7
47 years$942$539$295$156$80$6
48 years$912$515$277$144$73$5
49 years$883$492$260$133$66$4
50 years$855$470$245$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $876,000, adding $3,444 every year, while hoping to spend $37,455 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: 31/39/30 Blend
56$876,000$876,000$876,000$876,000
57$968,904$922,476$908,898$989,980
58$1,027,881$927,826$899,495$1,012,038
59$1,091,618$932,182$888,521$1,032,268
60$1,160,561$935,457$875,884$1,053,321
61$1,235,200$937,557$861,488$1,075,296
62$1,316,075$938,382$845,233$1,098,305
63$1,403,778$937,826$827,012$1,122,476
64$1,498,961$935,777$806,714$1,147,950
65$1,602,340$932,115$784,224$1,174,888
66$1,714,705$926,715$759,422$1,203,469
67$1,836,922$919,441$732,179$1,233,896
68$1,969,945$910,151$702,365$1,266,395
69$2,114,825$898,694$669,839$1,301,222
70$2,272,717$884,910$634,459$1,338,659
71$2,444,893$868,629$596,072$1,379,026
72$2,632,752$849,671$554,520$1,422,678
73$2,837,834$827,847$509,638$1,470,012
74$3,061,836$802,955$461,254$1,521,472
75$3,306,625$774,780$409,187$1,577,552
76$3,574,255$743,099$353,249$1,638,804
77$3,866,989$707,671$293,244$1,705,843
78$4,187,320$668,245$228,965$1,779,352
79$4,537,989$624,552$160,199$1,860,094
80$4,922,020$576,310$86,721$1,948,915
81$5,342,738$523,222$8,298$2,046,757
82$5,803,807$464,970$0$2,154,668
83$6,309,263$401,221$0$2,297,944
84$6,863,550$331,622$0$2,458,146
85$7,471,562$255,802$0$2,634,136
86$8,138,691$173,366$0$2,827,592
87$8,870,876$83,899$0$3,040,374
88$9,674,658$0$0$3,274,535
89$10,557,243$0$0$3,537,942
90$11,526,568$0$0$3,866,921
91$12,591,377$0$0$4,228,452
92$13,761,304$0$0$4,625,822
93$15,046,960$0$0$5,062,655
94$16,460,036$0$0$5,542,943
95$18,013,411$0$0$6,071,083
96$19,721,276$0$0$6,651,920
97$21,599,265$0$0$7,290,793
98$23,664,600$0$0$7,993,582
99$25,936,258$0$0$8,766,769
100$28,435,149$0$0$9,617,492