Can I retire at age 57 with 879,000?

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 $879,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$72,587$71,940$71,310$70,694$70,093$69,303
2 years$35,934$35,265$34,616$33,987$33,377$32,583
3 years$23,718$23,046$22,399$21,776$21,176$20,400
4 years$17,611$16,941$16,301$15,688$15,103$14,353
5 years$13,948$13,282$12,650$12,050$11,481$10,758
6 years$11,507$10,846$10,223$9,637$9,085$8,390
7 years$9,764$9,108$8,495$7,923$7,388$6,723
8 years$8,457$7,808$7,205$6,646$6,129$5,492
9 years$7,441$6,798$6,206$5,661$5,162$4,553
10 years$6,629$5,992$5,410$4,880$4,398$3,818
11 years$5,965$5,334$4,763$4,247$3,782$3,230
12 years$5,412$4,788$4,227$3,725$3,278$2,752
13 years$4,945$4,327$3,777$3,289$2,858$2,359
14 years$4,544$3,933$3,393$2,919$2,506$2,031
15 years$4,197$3,593$3,064$2,604$2,206$1,757
16 years$3,894$3,296$2,778$2,331$1,950$1,525
17 years$3,627$3,036$2,528$2,095$1,729$1,327
18 years$3,390$2,805$2,307$1,888$1,537$1,158
19 years$3,178$2,600$2,112$1,706$1,370$1,012
20 years$2,987$2,416$1,939$1,545$1,224$887
21 years$2,815$2,250$1,783$1,402$1,095$778
22 years$2,659$2,101$1,643$1,275$982$683
23 years$2,516$1,965$1,517$1,161$881$601
24 years$2,386$1,841$1,403$1,059$792$529
25 years$2,266$1,727$1,300$967$713$467
26 years$2,156$1,624$1,205$884$642$412
27 years$2,054$1,528$1,119$809$579$363
28 years$1,959$1,440$1,041$742$522$321
29 years$1,871$1,358$968$680$472$283
30 years$1,789$1,283$902$624$426$251
31 years$1,713$1,213$841$573$385$222
32 years$1,641$1,147$785$527$348$196
33 years$1,574$1,087$733$484$315$174
34 years$1,511$1,030$684$446$286$154
35 years$1,452$977$640$410$259$136
36 years$1,396$927$599$378$234$121
37 years$1,343$881$560$348$212$107
38 years$1,294$837$525$321$193$95
39 years$1,246$796$492$296$175$84
40 years$1,202$757$461$273$158$74
41 years$1,159$721$432$252$144$66
42 years$1,119$686$405$232$130$58
43 years$1,081$654$380$214$118$52
44 years$1,044$623$357$198$107$46
45 years$1,010$594$335$183$97$41
46 years$977$567$315$169$89$36
47 years$945$541$296$156$80$32
48 years$915$517$278$144$73$28
49 years$886$493$261$133$66$25
50 years$858$471$246$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $879,000, adding $2,197 every year, while hoping to spend $35,847 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: 69/22/9 Blend
56$879,000$879,000$879,000$879,000
57$970,924$924,337$910,713$1,036,109
58$1,031,818$931,489$903,081$1,086,753
59$1,097,721$937,789$893,991$1,137,574
60$1,169,106$943,159$883,359$1,192,209
61$1,246,495$947,514$871,091$1,251,026
62$1,330,459$950,764$857,094$1,314,429
63$1,421,627$952,813$841,268$1,382,867
64$1,520,692$953,559$823,509$1,456,832
65$1,628,413$952,894$803,708$1,536,868
66$1,745,630$950,705$781,750$1,623,575
67$1,873,263$946,868$757,517$1,717,615
68$2,012,326$941,255$730,885$1,819,717
69$2,163,936$933,728$701,721$1,930,686
70$2,329,319$924,143$669,891$2,051,409
71$2,509,829$912,345$635,252$2,182,867
72$2,706,952$898,171$597,654$2,326,139
73$2,922,328$881,448$556,941$2,482,416
74$3,157,758$861,992$512,952$2,653,012
75$3,415,229$839,609$465,516$2,839,377
76$3,696,927$814,094$414,455$3,043,107
77$4,005,258$785,230$359,584$3,265,968
78$4,342,874$752,785$300,708$3,509,902
79$4,712,691$716,516$237,627$3,777,055
80$5,117,926$676,166$170,128$4,069,791
81$5,562,118$631,461$97,991$4,390,719
82$6,049,166$582,114$20,985$4,742,715
83$6,583,363$527,821$0$5,128,953
84$7,169,440$468,257$0$5,558,808
85$7,812,606$403,085$0$6,032,794
86$8,518,599$331,943$0$6,553,175
87$9,293,740$254,452$0$7,124,668
88$10,144,992$170,211$0$7,752,476
89$11,080,026$78,796$0$8,442,333
90$12,107,290$0$0$9,200,561
91$13,236,095$0$0$10,039,029
92$14,476,694$0$0$10,981,554
93$15,840,385$0$0$12,017,652
94$17,339,616$0$0$13,156,784
95$18,988,099$0$0$14,409,378
96$20,800,942$0$0$15,786,921
97$22,794,791$0$0$17,302,068
98$24,987,985$0$0$18,968,764
99$27,400,731$0$0$20,802,373
100$30,055,292$0$0$22,819,821