Can I retire at age 57 with 877,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$72,422$71,777$71,147$70,533$69,933$67,318
2 years$35,852$35,185$34,538$33,910$33,302$30,697
3 years$23,664$22,994$22,348$21,727$21,128$18,615
4 years$17,571$16,903$16,264$15,653$15,069$12,668
5 years$13,916$13,252$12,621$12,023$11,455$9,172
6 years$11,481$10,821$10,200$9,615$9,064$6,900
7 years$9,742$9,088$8,476$7,905$7,371$5,326
8 years$8,438$7,790$7,188$6,631$6,115$4,187
9 years$7,424$6,782$6,191$5,648$5,150$3,336
10 years$6,614$5,978$5,398$4,869$4,388$2,684
11 years$5,951$5,322$4,752$4,237$3,774$2,177
12 years$5,400$4,777$4,217$3,717$3,270$1,777
13 years$4,933$4,317$3,768$3,281$2,852$1,457
14 years$4,534$3,924$3,386$2,913$2,500$1,200
15 years$4,188$3,585$3,057$2,598$2,201$991
16 years$3,885$3,289$2,771$2,326$1,945$820
17 years$3,619$3,029$2,522$2,090$1,725$681
18 years$3,382$2,799$2,302$1,883$1,534$566
19 years$3,171$2,594$2,107$1,702$1,367$471
20 years$2,981$2,410$1,934$1,541$1,221$392
21 years$2,809$2,245$1,779$1,399$1,093$327
22 years$2,653$2,096$1,640$1,272$979$273
23 years$2,511$1,960$1,514$1,158$879$228
24 years$2,381$1,837$1,400$1,056$790$191
25 years$2,261$1,724$1,297$965$711$160
26 years$2,151$1,620$1,203$882$641$133
27 years$2,049$1,524$1,117$807$577$112
28 years$1,955$1,436$1,038$740$521$94
29 years$1,867$1,355$966$678$471$78
30 years$1,785$1,280$900$623$425$66
31 years$1,709$1,210$839$572$384$55
32 years$1,638$1,145$783$526$348$46
33 years$1,571$1,084$731$483$315$39
34 years$1,508$1,027$683$445$285$32
35 years$1,449$975$638$409$258$27
36 years$1,393$925$597$377$234$23
37 years$1,340$879$559$347$212$19
38 years$1,291$835$524$320$192$16
39 years$1,244$794$490$295$174$13
40 years$1,199$755$460$272$158$11
41 years$1,157$719$431$251$143$9
42 years$1,117$685$404$232$130$8
43 years$1,078$652$379$214$118$7
44 years$1,042$622$356$198$107$6
45 years$1,007$593$334$182$97$5
46 years$974$566$314$169$88$4
47 years$943$540$295$156$80$3
48 years$913$515$277$144$73$3
49 years$884$492$261$133$66$2
50 years$856$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $877,000, adding $3,001 every year, while hoping to spend $38,943 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: 64/17/19 Blend
56$877,000$877,000$877,000$877,000
57$969,550$923,069$909,475$1,026,756
58$1,027,009$926,864$898,507$1,069,365
59$1,089,023$929,540$885,867$1,111,203
60$1,156,017$931,001$871,457$1,155,990
61$1,228,455$931,145$855,176$1,204,019
62$1,306,850$929,863$836,916$1,255,610
63$1,391,763$927,041$816,568$1,311,117
64$1,483,814$922,556$794,013$1,370,932
65$1,583,681$916,280$769,131$1,435,486
66$1,692,113$908,074$741,793$1,505,260
67$1,809,933$897,794$711,867$1,580,779
68$1,938,044$885,284$679,213$1,662,629
69$2,077,444$870,382$643,686$1,751,453
70$2,229,226$852,913$605,132$1,847,963
71$2,394,596$832,695$563,393$1,952,945
72$2,574,880$809,533$518,303$2,067,268
73$2,771,539$783,221$469,687$2,191,889
74$2,986,178$753,541$417,364$2,327,869
75$3,220,567$720,264$361,144$2,476,377
76$3,476,653$683,144$300,830$2,638,702
77$3,756,578$641,925$236,214$2,816,271
78$4,062,702$596,332$167,081$3,010,657
79$4,397,624$546,079$93,205$3,223,597
80$4,764,205$490,860$14,350$3,457,008
81$5,165,595$430,353$0$3,713,006
82$5,605,263$364,218$0$4,008,079
83$6,087,030$292,095$0$4,334,678
84$6,615,103$213,603$0$4,692,790
85$7,194,115$128,342$0$5,085,611
86$7,829,172$35,888$0$5,516,666
87$8,525,894$0$0$5,989,838
88$9,290,474$0$0$6,521,422
89$10,129,731$0$0$7,112,357
90$11,051,178$0$0$7,761,230
91$12,063,093$0$0$8,473,875
92$13,174,590$0$0$9,256,721
93$14,395,713$0$0$10,116,851
94$15,737,526$0$0$11,062,066
95$17,212,218$0$0$12,100,962
96$18,833,217$0$0$13,243,008
97$20,615,316$0$0$14,498,637
98$22,574,814$0$0$15,879,342
99$24,729,668$0$0$17,397,788
100$27,099,663$0$0$19,067,925