Can I retire at age 57 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$72,422$71,777$71,147$70,533$69,933$67,749
2 years$35,852$35,185$34,538$33,910$33,302$31,120
3 years$23,664$22,994$22,348$21,727$21,128$19,018
4 years$17,571$16,903$16,264$15,653$15,069$13,047
5 years$13,916$13,252$12,621$12,023$11,455$9,526
6 years$11,481$10,821$10,200$9,615$9,064$7,230
7 years$9,742$9,088$8,476$7,905$7,371$5,632
8 years$8,438$7,790$7,188$6,631$6,115$4,469
9 years$7,424$6,782$6,191$5,648$5,150$3,596
10 years$6,614$5,978$5,398$4,869$4,388$2,923
11 years$5,951$5,322$4,752$4,237$3,774$2,396
12 years$5,400$4,777$4,217$3,717$3,270$1,976
13 years$4,933$4,317$3,768$3,281$2,852$1,638
14 years$4,534$3,924$3,386$2,913$2,500$1,364
15 years$4,188$3,585$3,057$2,598$2,201$1,139
16 years$3,885$3,289$2,771$2,326$1,945$954
17 years$3,619$3,029$2,522$2,090$1,725$801
18 years$3,382$2,799$2,302$1,883$1,534$674
19 years$3,171$2,594$2,107$1,702$1,367$568
20 years$2,981$2,410$1,934$1,541$1,221$479
21 years$2,809$2,245$1,779$1,399$1,093$405
22 years$2,653$2,096$1,640$1,272$979$342
23 years$2,511$1,960$1,514$1,158$879$289
24 years$2,381$1,837$1,400$1,056$790$245
25 years$2,261$1,724$1,297$965$711$207
26 years$2,151$1,620$1,203$882$641$176
27 years$2,049$1,524$1,117$807$577$149
28 years$1,955$1,436$1,038$740$521$126
29 years$1,867$1,355$966$678$471$107
30 years$1,785$1,280$900$623$425$91
31 years$1,709$1,210$839$572$384$77
32 years$1,638$1,145$783$526$348$66
33 years$1,571$1,084$731$483$315$56
34 years$1,508$1,027$683$445$285$47
35 years$1,449$975$638$409$258$40
36 years$1,393$925$597$377$234$34
37 years$1,340$879$559$347$212$29
38 years$1,291$835$524$320$192$25
39 years$1,244$794$490$295$174$21
40 years$1,199$755$460$272$158$18
41 years$1,157$719$431$251$143$15
42 years$1,117$685$404$232$130$13
43 years$1,078$652$379$214$118$11
44 years$1,042$622$356$198$107$9
45 years$1,007$593$334$182$97$8
46 years$974$566$314$169$88$7
47 years$943$540$295$156$80$6
48 years$913$515$277$144$73$5
49 years$884$492$261$133$66$4
50 years$856$470$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $877,000, adding $3,255 every year, while hoping to spend $36,954 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: 44/46/10 Blend
56$877,000$877,000$877,000$877,000
57$969,812$923,331$909,737$1,009,570
58$1,029,414$929,255$900,894$1,043,435
59$1,093,856$934,231$890,517$1,076,098
60$1,163,595$938,174$878,515$1,110,665
61$1,239,129$940,991$864,792$1,147,325
62$1,321,008$942,588$849,251$1,186,287
63$1,409,837$942,861$831,786$1,227,784
64$1,506,280$941,701$812,291$1,272,075
65$1,611,068$938,992$790,650$1,319,447
66$1,725,006$934,611$766,746$1,370,218
67$1,848,978$928,429$740,454$1,424,741
68$1,983,958$920,306$711,643$1,483,409
69$2,131,017$910,096$680,179$1,546,656
70$2,291,334$897,644$645,918$1,614,964
71$2,466,207$882,785$608,712$1,688,868
72$2,657,062$865,344$568,407$1,768,960
73$2,865,474$845,137$524,839$1,855,896
74$3,093,171$821,967$477,840$1,950,404
75$3,342,058$795,628$427,232$2,053,288
76$3,614,234$765,900$372,830$2,165,442
77$3,912,007$732,550$314,441$2,287,852
78$4,237,921$695,334$251,864$2,421,613
79$4,594,774$653,991$184,887$2,567,936
80$4,985,651$608,246$113,291$2,728,160
81$5,413,947$557,810$36,846$2,903,767
82$5,883,402$502,375$0$3,096,399
83$6,398,134$441,616$0$3,312,643
84$6,962,680$375,191$0$3,554,240
85$7,582,035$302,737$0$3,819,500
86$8,261,702$223,872$0$4,110,909
87$9,007,745$138,190$0$4,431,209
88$9,826,839$45,266$0$4,783,432
89$10,726,340$0$0$5,170,928
90$11,714,352$0$0$5,625,413
91$12,799,798$0$0$6,150,003
92$13,992,514$0$0$6,726,552
93$15,303,332$0$0$7,360,310
94$16,744,186$0$0$8,057,062
95$18,328,224$0$0$8,823,182
96$20,069,932$0$0$9,665,692
97$21,985,270$0$0$10,592,327
98$24,091,821$0$0$11,611,613
99$26,408,957$0$0$12,732,940
100$28,958,025$0$0$13,966,657