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%19.4%
1 years$72,752$72,104$71,472$70,855$70,252$67,598
2 years$36,016$35,345$34,695$34,065$33,453$30,811
3 years$23,772$23,098$22,450$21,826$21,224$18,675
4 years$17,651$16,980$16,338$15,724$15,137$12,702
5 years$13,980$13,312$12,679$12,078$11,507$9,192
6 years$11,533$10,871$10,246$9,659$9,105$6,911
7 years$9,786$9,129$8,515$7,941$7,405$5,332
8 years$8,476$7,825$7,221$6,661$6,143$4,189
9 years$7,458$6,813$6,220$5,674$5,173$3,335
10 years$6,644$6,006$5,422$4,891$4,408$2,682
11 years$5,979$5,346$4,774$4,257$3,791$2,174
12 years$5,424$4,799$4,237$3,734$3,285$1,773
13 years$4,956$4,337$3,785$3,296$2,865$1,453
14 years$4,554$3,942$3,401$2,926$2,511$1,196
15 years$4,207$3,601$3,071$2,610$2,211$987
16 years$3,903$3,304$2,784$2,337$1,954$816
17 years$3,635$3,043$2,533$2,099$1,733$677
18 years$3,398$2,812$2,313$1,892$1,541$562
19 years$3,185$2,606$2,117$1,710$1,373$468
20 years$2,994$2,421$1,943$1,548$1,227$389
21 years$2,822$2,255$1,787$1,405$1,098$325
22 years$2,665$2,105$1,647$1,278$984$271
23 years$2,522$1,969$1,521$1,164$883$226
24 years$2,391$1,845$1,406$1,061$794$189
25 years$2,271$1,731$1,303$969$714$158
26 years$2,161$1,627$1,208$886$643$132
27 years$2,058$1,531$1,122$811$580$110
28 years$1,964$1,443$1,043$743$523$92
29 years$1,875$1,361$971$682$473$77
30 years$1,793$1,286$904$625$427$65
31 years$1,717$1,215$843$574$386$54
32 years$1,645$1,150$786$528$349$45
33 years$1,578$1,089$734$485$316$38
34 years$1,515$1,032$686$447$286$32
35 years$1,455$979$641$411$259$27
36 years$1,399$929$600$379$235$22
37 years$1,346$883$562$349$213$19
38 years$1,296$839$526$322$193$16
39 years$1,249$798$493$297$175$13
40 years$1,204$759$462$274$159$11
41 years$1,162$722$433$252$144$9
42 years$1,122$688$406$233$131$8
43 years$1,083$655$381$215$119$6
44 years$1,047$625$358$199$108$5
45 years$1,012$596$336$183$98$4
46 years$979$568$316$169$89$4
47 years$947$542$296$156$81$3
48 years$917$518$279$145$73$3
49 years$888$494$262$134$66$2
50 years$860$472$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $881,000, adding $3,780 every year, while hoping to spend $32,561 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: 56/22/22 Blend
56$881,000$881,000$881,000$881,000
57$974,761$928,068$914,413$1,023,341
58$1,039,542$938,899$910,401$1,067,807
59$1,109,839$949,169$905,163$1,112,450
60$1,186,181$958,816$898,625$1,160,387
61$1,269,149$967,776$890,706$1,211,942
62$1,359,382$975,976$881,324$1,267,476
63$1,457,583$983,343$870,392$1,327,386
64$1,564,526$989,797$857,820$1,392,109
65$1,681,063$995,252$843,512$1,462,131
66$1,808,130$999,618$827,369$1,537,986
67$1,946,760$1,002,800$809,287$1,620,266
68$2,098,088$1,004,696$789,156$1,709,622
69$2,263,363$1,005,196$766,862$1,806,775
70$2,443,961$1,004,185$742,287$1,912,520
71$2,641,396$1,001,541$715,305$2,027,736
72$2,857,337$997,135$685,786$2,153,391
73$3,093,619$990,829$653,594$2,290,557
74$3,352,264$982,475$618,585$2,440,415
75$3,635,498$971,920$580,611$2,604,270
76$3,945,773$958,998$539,516$2,783,560
77$4,285,789$943,536$495,137$2,979,876
78$4,658,520$925,350$447,304$3,194,970
79$5,067,239$904,242$395,839$3,430,779
80$5,515,555$880,008$340,557$3,689,439
81$6,007,441$852,427$281,265$3,973,308
82$6,547,271$821,267$217,758$4,284,985
83$7,139,867$786,283$149,827$4,627,342
84$7,790,538$747,216$77,251$5,003,544
85$8,505,133$703,790$0$5,417,087
86$9,290,095$655,714$0$5,871,872
87$10,152,523$602,683$0$6,391,459
88$11,100,237$544,370$0$6,962,447
89$12,141,849$480,433$0$7,590,070
90$13,286,853$410,508$0$8,280,103
91$14,545,702$334,214$0$9,038,909
92$15,929,917$251,144$0$9,873,503
93$17,452,189$160,870$0$10,791,618
94$19,126,502$62,943$0$11,801,779
95$20,968,262$0$0$12,913,382
96$22,994,443$0$0$14,147,225
97$25,223,748$0$0$15,521,616
98$27,676,785$0$0$17,034,034
99$30,376,258$0$0$18,698,488
100$33,347,185$0$0$20,530,416