Can I retire at age 57 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$72,504$71,859$71,228$70,613$70,013$68,796
2 years$35,893$35,225$34,577$33,949$33,340$32,118
3 years$23,691$23,020$22,374$21,751$21,152$19,963
4 years$17,591$16,922$16,282$15,671$15,086$13,939
5 years$13,932$13,267$12,636$12,037$11,468$10,367
6 years$11,494$10,834$10,212$9,626$9,074$8,019
7 years$9,753$9,098$8,486$7,914$7,380$6,372
8 years$8,447$7,799$7,197$6,639$6,122$5,161
9 years$7,433$6,790$6,198$5,655$5,156$4,241
10 years$6,622$5,985$5,404$4,874$4,393$3,523
11 years$5,958$5,328$4,758$4,242$3,778$2,953
12 years$5,406$4,782$4,222$3,721$3,274$2,492
13 years$4,939$4,322$3,772$3,285$2,855$2,115
14 years$4,539$3,928$3,389$2,916$2,503$1,803
15 years$4,193$3,589$3,060$2,601$2,204$1,544
16 years$3,890$3,293$2,775$2,329$1,948$1,326
17 years$3,623$3,032$2,525$2,092$1,727$1,142
18 years$3,386$2,802$2,305$1,886$1,535$985
19 years$3,174$2,597$2,110$1,704$1,369$852
20 years$2,984$2,413$1,936$1,543$1,222$738
21 years$2,812$2,248$1,781$1,400$1,094$640
22 years$2,656$2,098$1,642$1,273$981$556
23 years$2,514$1,962$1,516$1,160$880$484
24 years$2,383$1,839$1,402$1,058$791$421
25 years$2,264$1,725$1,298$966$712$367
26 years$2,153$1,622$1,204$883$641$320
27 years$2,051$1,526$1,118$808$578$279
28 years$1,957$1,438$1,039$741$522$243
29 years$1,869$1,357$967$679$471$212
30 years$1,787$1,281$901$623$426$185
31 years$1,711$1,211$840$572$385$162
32 years$1,639$1,146$784$526$348$142
33 years$1,572$1,085$732$484$315$124
34 years$1,509$1,029$684$445$285$108
35 years$1,450$976$639$410$258$95
36 years$1,394$926$598$377$234$83
37 years$1,342$880$560$348$212$72
38 years$1,292$836$524$321$192$63
39 years$1,245$795$491$296$174$55
40 years$1,200$756$460$273$158$48
41 years$1,158$720$432$251$144$42
42 years$1,118$686$405$232$130$37
43 years$1,080$653$380$214$118$32
44 years$1,043$623$357$198$107$28
45 years$1,009$594$335$183$97$25
46 years$975$566$314$169$88$22
47 years$944$541$295$156$80$19
48 years$914$516$278$144$73$17
49 years$885$493$261$133$66$15
50 years$857$471$245$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $878,000, adding $6,735 every year, while hoping to spend $43,251 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: 29/45/26 Blend
56$878,000$878,000$878,000$878,000
57$974,503$927,969$914,360$994,758
58$1,027,884$927,421$898,972$1,010,620
59$1,085,260$925,396$881,620$1,023,425
60$1,146,992$921,777$862,190$1,036,314
61$1,213,480$916,438$840,568$1,049,325
62$1,285,158$909,247$816,630$1,062,501
63$1,362,506$900,062$790,249$1,075,894
64$1,446,051$888,734$761,292$1,089,567
65$1,536,371$875,106$729,619$1,103,593
66$1,634,104$859,008$695,083$1,118,056
67$1,739,947$840,264$657,533$1,133,055
68$1,854,669$818,685$616,808$1,148,704
69$1,979,117$794,072$572,743$1,165,135
70$2,114,219$766,214$525,162$1,182,498
71$2,260,999$734,888$473,884$1,200,967
72$2,420,581$699,857$418,719$1,220,737
73$2,594,202$660,872$359,468$1,242,034
74$2,783,224$617,669$295,924$1,265,112
75$2,989,146$569,967$227,871$1,290,260
76$3,213,616$517,472$155,081$1,317,805
77$3,458,448$459,872$77,320$1,348,116
78$3,725,641$396,836$0$1,381,609
79$4,017,391$328,016$0$1,420,326
80$4,336,119$253,044$0$1,486,215
81$4,684,490$171,530$0$1,558,471
82$5,065,437$83,063$0$1,637,837
83$5,482,188$0$0$1,725,139
84$5,938,301$0$0$1,827,631
85$6,437,690$0$0$1,985,017
86$6,984,669$0$0$2,157,541
87$7,583,984$0$0$2,346,720
88$8,240,866$0$0$2,554,222
89$8,961,075$0$0$2,781,885
90$9,750,954$0$0$3,031,735
91$10,617,489$0$0$3,306,001
92$11,568,378$0$0$3,607,142
93$12,612,095$0$0$3,937,862
94$13,757,980$0$0$4,301,143
95$15,016,318$0$0$4,700,270
96$16,398,440$0$0$5,138,862
97$17,916,828$0$0$5,620,903
98$19,585,232$0$0$6,150,785
99$21,418,801$0$0$6,733,347
100$23,434,224$0$0$7,373,918