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%18.5%
1 years$72,587$71,940$71,310$70,694$70,093$67,687
2 years$35,934$35,265$34,616$33,987$33,377$30,978
3 years$23,718$23,046$22,399$21,776$21,176$18,858
4 years$17,611$16,941$16,301$15,688$15,103$12,885
5 years$13,948$13,282$12,650$12,050$11,481$9,368
6 years$11,507$10,846$10,223$9,637$9,085$7,079
7 years$9,764$9,108$8,495$7,923$7,388$5,489
8 years$8,457$7,808$7,205$6,646$6,129$4,336
9 years$7,441$6,798$6,206$5,661$5,162$3,471
10 years$6,629$5,992$5,410$4,880$4,398$2,808
11 years$5,965$5,334$4,763$4,247$3,782$2,289
12 years$5,412$4,788$4,227$3,725$3,278$1,878
13 years$4,945$4,327$3,777$3,289$2,858$1,549
14 years$4,544$3,933$3,393$2,919$2,506$1,282
15 years$4,197$3,593$3,064$2,604$2,206$1,065
16 years$3,894$3,296$2,778$2,331$1,950$887
17 years$3,627$3,036$2,528$2,095$1,729$740
18 years$3,390$2,805$2,307$1,888$1,537$619
19 years$3,178$2,600$2,112$1,706$1,370$518
20 years$2,987$2,416$1,939$1,545$1,224$435
21 years$2,815$2,250$1,783$1,402$1,095$365
22 years$2,659$2,101$1,643$1,275$982$306
23 years$2,516$1,965$1,517$1,161$881$258
24 years$2,386$1,841$1,403$1,059$792$217
25 years$2,266$1,727$1,300$967$713$182
26 years$2,156$1,624$1,205$884$642$154
27 years$2,054$1,528$1,119$809$579$129
28 years$1,959$1,440$1,041$742$522$109
29 years$1,871$1,358$968$680$472$92
30 years$1,789$1,283$902$624$426$77
31 years$1,713$1,213$841$573$385$65
32 years$1,641$1,147$785$527$348$55
33 years$1,574$1,087$733$484$315$46
34 years$1,511$1,030$684$446$286$39
35 years$1,452$977$640$410$259$33
36 years$1,396$927$599$378$234$28
37 years$1,343$881$560$348$212$23
38 years$1,294$837$525$321$193$20
39 years$1,246$796$492$296$175$17
40 years$1,202$757$461$273$158$14
41 years$1,159$721$432$252$144$12
42 years$1,119$686$405$232$130$10
43 years$1,081$654$380$214$118$8
44 years$1,044$623$357$198$107$7
45 years$1,010$594$335$183$97$6
46 years$977$567$315$169$89$5
47 years$945$541$296$156$80$4
48 years$915$517$278$144$73$4
49 years$886$493$261$133$66$3
50 years$858$471$246$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $879,000, adding $2,776 every year, while hoping to spend $28,596 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: 34/37/29 Blend
56$879,000$879,000$879,000$879,000
57$971,521$924,934$911,310$995,959
58$1,040,191$939,830$911,413$1,029,581
59$1,114,906$954,498$910,561$1,063,073
60$1,196,253$968,895$908,692$1,098,642
61$1,284,878$982,978$905,740$1,136,493
62$1,381,491$996,700$901,638$1,176,854
63$1,486,874$1,010,008$896,313$1,219,977
64$1,601,886$1,022,850$889,691$1,266,139
65$1,727,476$1,035,166$881,692$1,315,650
66$1,864,684$1,046,896$872,235$1,368,852
67$2,014,660$1,057,971$861,233$1,426,122
68$2,178,666$1,068,323$848,595$1,487,881
69$2,358,093$1,077,874$834,226$1,554,592
70$2,554,475$1,086,546$818,029$1,626,767
71$2,769,496$1,094,252$799,898$1,704,975
72$3,005,016$1,100,901$779,725$1,789,844
73$3,263,078$1,106,396$757,397$1,882,068
74$3,545,938$1,110,635$732,795$1,982,417
75$3,856,074$1,113,507$705,795$2,091,740
76$4,196,221$1,114,896$676,266$2,210,976
77$4,569,388$1,114,678$644,073$2,341,166
78$4,978,890$1,112,722$609,074$2,483,457
79$5,428,379$1,108,887$571,121$2,639,120
80$5,921,877$1,103,027$530,057$2,809,557
81$6,463,817$1,094,983$485,722$2,996,319
82$7,059,078$1,084,589$437,946$3,201,121
83$7,713,039$1,071,669$386,552$3,425,854
84$8,431,622$1,056,034$331,355$3,672,611
85$9,221,355$1,037,486$272,162$3,943,703
86$10,089,425$1,015,816$208,772$4,241,680
87$11,043,755$990,800$140,974$4,569,362
88$12,093,071$962,201$68,550$4,929,860
89$13,246,987$929,772$0$5,326,612
90$14,516,095$893,247$0$5,766,117
91$15,912,067$852,346$0$6,272,672
92$17,447,761$806,774$0$6,829,745
93$19,137,345$756,218$0$7,442,523
94$20,996,429$700,347$0$8,116,726
95$23,042,211$638,811$0$8,858,662
96$25,293,645$571,240$0$9,675,287
97$27,771,610$497,244$0$10,574,272
98$30,499,114$416,410$0$11,564,077
99$33,501,511$328,301$0$12,654,031
100$36,806,734$232,456$0$13,854,421