Can I retire at age 57 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$72,670$72,022$71,391$70,774$70,172$68,897
2 years$35,975$35,305$34,656$34,026$33,415$32,135
3 years$23,745$23,072$22,425$21,801$21,200$19,954
4 years$17,631$16,961$16,319$15,706$15,120$13,919
5 years$13,964$13,297$12,664$12,064$11,494$10,341
6 years$11,520$10,858$10,235$9,648$9,095$7,991
7 years$9,775$9,119$8,505$7,932$7,397$6,342
8 years$8,467$7,816$7,213$6,654$6,136$5,131
9 years$7,450$6,806$6,213$5,668$5,168$4,211
10 years$6,637$5,999$5,416$4,886$4,403$3,494
11 years$5,972$5,340$4,768$4,252$3,787$2,925
12 years$5,418$4,793$4,232$3,729$3,281$2,465
13 years$4,950$4,332$3,781$3,293$2,862$2,089
14 years$4,549$3,937$3,397$2,923$2,508$1,779
15 years$4,202$3,597$3,067$2,607$2,209$1,521
16 years$3,899$3,300$2,781$2,334$1,952$1,304
17 years$3,631$3,039$2,530$2,097$1,731$1,122
18 years$3,394$2,808$2,310$1,890$1,539$967
19 years$3,182$2,603$2,115$1,708$1,372$835
20 years$2,991$2,419$1,941$1,547$1,225$722
21 years$2,818$2,253$1,785$1,404$1,096$625
22 years$2,662$2,103$1,645$1,276$983$542
23 years$2,519$1,967$1,519$1,162$882$471
24 years$2,389$1,843$1,405$1,060$793$409
25 years$2,269$1,729$1,301$968$714$356
26 years$2,158$1,625$1,207$885$643$310
27 years$2,056$1,530$1,121$810$579$270
28 years$1,961$1,441$1,042$742$523$235
29 years$1,873$1,360$969$681$472$205
30 years$1,791$1,284$903$625$427$178
31 years$1,715$1,214$842$574$386$156
32 years$1,643$1,149$785$527$349$136
33 years$1,576$1,088$733$485$316$118
34 years$1,513$1,031$685$446$286$103
35 years$1,454$978$641$411$259$90
36 years$1,398$928$599$378$235$79
37 years$1,345$882$561$349$213$69
38 years$1,295$838$525$321$193$60
39 years$1,248$797$492$296$175$53
40 years$1,203$758$461$273$159$46
41 years$1,161$721$433$252$144$40
42 years$1,120$687$406$233$131$35
43 years$1,082$655$381$215$118$31
44 years$1,046$624$357$198$108$27
45 years$1,011$595$336$183$98$23
46 years$978$568$315$169$89$20
47 years$946$542$296$156$80$18
48 years$916$517$278$144$73$16
49 years$887$494$262$133$66$14
50 years$859$472$246$123$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $880,000, adding $6,111 every year, while hoping to spend $40,797 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: 39/47/14 Blend
56$880,000$880,000$880,000$880,000
57$976,063$929,423$915,783$1,009,805
58$1,032,214$931,558$903,055$1,036,504
59$1,092,725$932,429$888,532$1,060,931
60$1,157,998$931,932$872,112$1,086,458
61$1,228,473$929,957$853,688$1,113,206
62$1,304,636$926,384$833,145$1,141,306
63$1,387,020$921,088$810,367$1,170,911
64$1,476,211$913,935$785,228$1,202,187
65$1,572,852$904,786$757,601$1,235,324
66$1,677,651$893,489$727,349$1,270,533
67$1,791,388$879,886$694,331$1,308,049
68$1,914,918$863,809$658,400$1,348,136
69$2,049,183$845,079$619,401$1,391,090
70$2,195,221$823,509$577,171$1,437,239
71$2,354,170$798,898$531,543$1,486,950
72$2,527,286$771,034$482,341$1,540,633
73$2,715,949$739,695$429,379$1,598,745
74$2,921,679$704,642$372,465$1,661,793
75$3,146,146$665,626$311,400$1,730,345
76$3,391,193$622,382$245,972$1,805,030
77$3,658,846$574,629$175,962$1,886,550
78$3,951,333$522,071$101,142$1,975,683
79$4,271,112$464,396$21,274$2,073,298
80$4,620,886$401,272$0$2,180,356
81$5,003,632$332,349$0$2,307,481
82$5,422,627$257,259$0$2,450,320
83$5,881,482$175,612$0$2,607,050
84$6,384,170$86,994$0$2,779,175
85$6,935,071$0$0$2,968,362
86$7,539,004$0$0$3,181,127
87$8,201,280$0$0$3,463,902
88$8,927,747$0$0$3,774,207
89$9,724,846$0$0$4,114,807
90$10,599,674$0$0$4,488,751
91$11,560,045$0$0$4,899,396
92$12,614,569$0$0$5,350,440
93$13,772,729$0$0$5,845,956
94$15,044,973$0$0$6,390,432
95$16,442,810$0$0$6,988,813
96$17,978,919$0$0$7,646,546
97$19,667,267$0$0$8,369,630
98$21,523,244$0$0$9,164,679
99$23,563,803$0$0$10,038,974
100$25,807,622$0$0$11,000,542