Can I retire at age 57 with 882,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$72,835$72,186$71,553$70,935$70,332$69,167
2 years$36,057$35,385$34,734$34,103$33,491$32,321
3 years$23,799$23,125$22,475$21,850$21,248$20,109
4 years$17,671$16,999$16,356$15,742$15,154$14,055
5 years$13,996$13,327$12,693$12,091$11,520$10,464
6 years$11,546$10,883$10,258$9,670$9,116$8,103
7 years$9,797$9,139$8,524$7,950$7,413$6,446
8 years$8,486$7,834$7,229$6,669$6,150$5,227
9 years$7,467$6,821$6,227$5,680$5,179$4,300
10 years$6,652$6,012$5,429$4,897$4,413$3,577
11 years$5,985$5,353$4,779$4,262$3,795$3,001
12 years$5,431$4,804$4,241$3,738$3,289$2,536
13 years$4,961$4,342$3,789$3,300$2,868$2,155
14 years$4,560$3,946$3,405$2,929$2,514$1,840
15 years$4,212$3,605$3,074$2,613$2,214$1,578
16 years$3,908$3,308$2,787$2,339$1,956$1,357
17 years$3,640$3,046$2,536$2,102$1,735$1,170
18 years$3,402$2,815$2,315$1,894$1,542$1,011
19 years$3,189$2,609$2,119$1,711$1,375$876
20 years$2,998$2,424$1,945$1,550$1,228$760
21 years$2,825$2,258$1,789$1,407$1,099$660
22 years$2,668$2,108$1,649$1,279$985$574
23 years$2,525$1,971$1,523$1,165$884$500
24 years$2,394$1,847$1,408$1,062$795$436
25 years$2,274$1,733$1,304$970$715$380
26 years$2,163$1,629$1,210$887$644$332
27 years$2,061$1,533$1,123$812$581$290
28 years$1,966$1,445$1,044$744$524$253
29 years$1,878$1,363$972$682$473$222
30 years$1,795$1,287$905$626$428$194
31 years$1,719$1,217$844$575$387$170
32 years$1,647$1,151$787$529$350$148
33 years$1,580$1,090$735$486$316$130
34 years$1,516$1,033$687$447$287$114
35 years$1,457$980$642$412$260$100
36 years$1,401$930$601$379$235$87
37 years$1,348$884$562$349$213$77
38 years$1,298$840$526$322$193$67
39 years$1,251$798$493$297$175$59
40 years$1,206$760$462$274$159$52
41 years$1,163$723$434$253$144$45
42 years$1,123$689$407$233$131$40
43 years$1,085$656$382$215$119$35
44 years$1,048$625$358$199$108$30
45 years$1,013$596$336$184$98$27
46 years$980$569$316$170$89$23
47 years$948$543$297$157$81$21
48 years$918$518$279$145$73$18
49 years$889$495$262$134$67$16
50 years$861$473$246$124$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $882,000, adding $2,333 every year, while hoping to spend $34,151 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: 70/8/22 Blend
56$882,000$882,000$882,000$882,000
57$974,370$927,624$913,953$1,037,082
58$1,037,420$936,742$908,235$1,088,387
59$1,105,756$945,161$901,179$1,140,298
60$1,179,881$952,812$892,707$1,196,292
61$1,260,350$959,621$882,733$1,256,770
62$1,347,769$965,506$871,169$1,322,174
63$1,442,811$970,385$857,922$1,392,993
64$1,546,209$974,165$842,894$1,469,766
65$1,658,776$976,753$825,985$1,553,086
66$1,781,402$978,045$807,086$1,643,609
67$1,915,069$977,933$786,088$1,742,057
68$2,060,857$976,303$762,873$1,849,228
69$2,219,955$973,032$737,319$1,966,001
70$2,393,671$967,991$709,300$2,093,344
71$2,583,445$961,042$678,681$2,232,328
72$2,790,863$952,040$645,324$2,384,132
73$3,017,671$940,830$609,082$2,550,057
74$3,265,790$927,248$569,803$2,731,536
75$3,537,338$911,120$527,329$2,930,153
76$3,834,644$892,263$481,492$3,147,651
77$4,160,276$870,481$432,120$3,385,955
78$4,517,058$845,569$379,030$3,647,186
79$4,908,104$817,308$322,033$3,933,683
80$5,336,841$785,466$260,932$4,248,028
81$5,807,045$749,800$195,519$4,593,065
82$6,322,874$710,051$125,579$4,971,930
83$6,888,908$665,944$50,887$5,388,084
84$7,510,192$617,191$0$5,845,339
85$8,192,283$563,485$0$6,354,669
86$8,941,303$504,503$0$6,927,131
87$9,763,996$439,903$0$7,555,940
88$10,667,790$369,325$0$8,246,797
89$11,660,868$292,386$0$9,005,981
90$12,752,247$208,683$0$9,840,413
91$13,951,859$117,791$0$10,757,719
92$15,270,646$19,260$0$11,766,302
93$16,720,664$0$0$12,875,421
94$18,315,194$0$0$14,102,971
95$20,068,871$0$0$15,454,958
96$21,997,816$0$0$16,942,123
97$24,119,795$0$0$18,578,167
98$26,454,379$0$0$20,378,188
99$29,023,133$0$0$22,358,820
100$31,849,818$0$0$24,538,391