Can I retire at age 57 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,752$72,104$71,472$70,855$70,252$69,432
2 years$36,016$35,345$34,695$34,065$33,453$32,628
3 years$23,772$23,098$22,450$21,826$21,224$20,419
4 years$17,651$16,980$16,338$15,724$15,137$14,358
5 years$13,980$13,312$12,679$12,078$11,507$10,757
6 years$11,533$10,871$10,246$9,659$9,105$8,385
7 years$9,786$9,129$8,515$7,941$7,405$6,714
8 years$8,476$7,825$7,221$6,661$6,143$5,482
9 years$7,458$6,813$6,220$5,674$5,173$4,542
10 years$6,644$6,006$5,422$4,891$4,408$3,806
11 years$5,979$5,346$4,774$4,257$3,791$3,218
12 years$5,424$4,799$4,237$3,734$3,285$2,740
13 years$4,956$4,337$3,785$3,296$2,865$2,347
14 years$4,554$3,942$3,401$2,926$2,511$2,020
15 years$4,207$3,601$3,071$2,610$2,211$1,746
16 years$3,903$3,304$2,784$2,337$1,954$1,514
17 years$3,635$3,043$2,533$2,099$1,733$1,317
18 years$3,398$2,812$2,313$1,892$1,541$1,148
19 years$3,185$2,606$2,117$1,710$1,373$1,003
20 years$2,994$2,421$1,943$1,548$1,227$878
21 years$2,822$2,255$1,787$1,405$1,098$770
22 years$2,665$2,105$1,647$1,278$984$676
23 years$2,522$1,969$1,521$1,164$883$594
24 years$2,391$1,845$1,406$1,061$794$523
25 years$2,271$1,731$1,303$969$714$460
26 years$2,161$1,627$1,208$886$643$406
27 years$2,058$1,531$1,122$811$580$358
28 years$1,964$1,443$1,043$743$523$316
29 years$1,875$1,361$971$682$473$279
30 years$1,793$1,286$904$625$427$246
31 years$1,717$1,215$843$574$386$218
32 years$1,645$1,150$786$528$349$192
33 years$1,578$1,089$734$485$316$170
34 years$1,515$1,032$686$447$286$151
35 years$1,455$979$641$411$259$133
36 years$1,399$929$600$379$235$118
37 years$1,346$883$562$349$213$104
38 years$1,296$839$526$322$193$92
39 years$1,249$798$493$297$175$82
40 years$1,204$759$462$274$159$72
41 years$1,162$722$433$252$144$64
42 years$1,122$688$406$233$131$57
43 years$1,083$655$381$215$119$50
44 years$1,047$625$358$199$108$45
45 years$1,012$596$336$183$98$40
46 years$979$568$316$169$89$35
47 years$947$542$296$156$81$31
48 years$917$518$279$145$73$27
49 years$888$494$262$134$66$24
50 years$860$472$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 $881,000, adding $6,086 every year, while hoping to spend $20,522 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: 87/8/5 Blend
56$881,000$881,000$881,000$881,000
57$977,140$930,447$916,791$1,061,689
58$1,054,973$954,203$925,668$1,141,415
59$1,140,057$978,436$934,155$1,225,526
60$1,233,110$1,003,147$942,217$1,317,297
61$1,334,923$1,028,337$949,817$1,417,485
62$1,446,366$1,054,006$956,917$1,526,922
63$1,568,397$1,080,155$963,475$1,646,525
64$1,702,073$1,106,781$969,451$1,777,304
65$1,848,555$1,133,884$974,798$1,920,371
66$2,009,123$1,161,460$979,469$2,076,950
67$2,185,188$1,189,506$983,416$2,248,392
68$2,378,302$1,218,017$986,585$2,436,180
69$2,590,176$1,246,987$988,923$2,641,953
70$2,822,694$1,276,409$990,372$2,867,512
71$3,077,931$1,306,275$990,871$3,114,844
72$3,358,172$1,336,575$990,358$3,386,136
73$3,665,936$1,367,297$988,765$3,683,798
74$4,003,997$1,398,430$986,024$4,010,484
75$4,375,410$1,429,959$982,062$4,369,121
76$4,783,543$1,461,867$976,801$4,762,930
77$5,232,102$1,494,137$970,162$5,195,460
78$5,725,175$1,526,748$962,061$5,670,624
79$6,267,262$1,559,679$952,410$6,192,730
80$6,863,323$1,592,903$941,116$6,766,527
81$7,518,822$1,626,395$928,083$7,397,245
82$8,239,778$1,660,124$913,209$8,090,648
83$9,032,823$1,694,058$896,390$8,853,087
84$9,905,265$1,728,161$877,513$9,691,560
85$10,865,156$1,762,395$856,464$10,613,777
86$11,921,367$1,796,717$833,120$11,628,232
87$13,083,672$1,831,082$807,355$12,744,288
88$14,362,842$1,865,440$779,037$13,972,258
89$15,770,743$1,899,738$748,026$15,323,509
90$17,320,450$1,933,917$714,177$16,810,565
91$19,026,373$1,967,916$677,338$18,447,226
92$20,904,385$2,001,666$637,351$20,248,698
93$22,971,981$2,035,096$594,051$22,231,739
94$25,248,434$2,068,127$547,263$24,414,812
95$27,754,985$2,100,676$496,807$26,818,265
96$30,515,038$2,132,653$442,494$29,464,519
97$33,554,381$2,163,962$384,127$32,378,281
98$36,901,431$2,194,500$321,498$35,586,776
99$40,587,502$2,224,155$254,394$39,120,005
100$44,647,100$2,252,811$182,588$43,011,029