Can I retire at age 57 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$72,917$72,268$71,634$71,016$70,412$68,022
2 years$36,098$35,425$34,774$34,142$33,529$31,145
3 years$23,826$23,151$22,501$21,875$21,272$18,969
4 years$17,691$17,018$16,375$15,760$15,172$12,967
5 years$14,012$13,343$12,708$12,105$11,533$9,433
6 years$11,559$10,895$10,270$9,681$9,126$7,132
7 years$9,808$9,150$8,534$7,959$7,422$5,534
8 years$8,496$7,843$7,238$6,677$6,157$4,373
9 years$7,475$6,829$6,234$5,687$5,185$3,503
10 years$6,659$6,019$5,435$4,902$4,418$2,836
11 years$5,992$5,359$4,785$4,266$3,800$2,313
12 years$5,437$4,810$4,246$3,742$3,293$1,899
13 years$4,967$4,346$3,794$3,304$2,871$1,567
14 years$4,565$3,951$3,409$2,933$2,517$1,298
15 years$4,216$3,609$3,078$2,615$2,216$1,079
16 years$3,912$3,311$2,790$2,342$1,959$899
17 years$3,644$3,050$2,539$2,104$1,737$751
18 years$3,405$2,818$2,318$1,896$1,544$629
19 years$3,192$2,612$2,122$1,713$1,376$527
20 years$3,001$2,427$1,947$1,552$1,229$442
21 years$2,828$2,261$1,791$1,408$1,100$371
22 years$2,671$2,110$1,651$1,281$986$312
23 years$2,528$1,974$1,524$1,166$885$263
24 years$2,397$1,849$1,410$1,064$796$221
25 years$2,277$1,735$1,306$971$716$186
26 years$2,166$1,631$1,211$888$645$157
27 years$2,063$1,535$1,124$813$581$132
28 years$1,968$1,446$1,045$745$525$112
29 years$1,880$1,364$973$683$474$94
30 years$1,797$1,289$906$627$428$79
31 years$1,721$1,218$845$576$387$67
32 years$1,649$1,153$788$529$350$57
33 years$1,581$1,092$736$487$317$48
34 years$1,518$1,034$688$448$287$40
35 years$1,459$981$643$412$260$34
36 years$1,402$931$601$380$235$29
37 years$1,349$885$563$350$213$24
38 years$1,299$841$527$322$193$20
39 years$1,252$799$494$297$175$17
40 years$1,207$761$463$274$159$15
41 years$1,165$724$434$253$144$12
42 years$1,124$689$407$233$131$10
43 years$1,086$657$382$215$119$9
44 years$1,049$626$359$199$108$7
45 years$1,014$597$337$184$98$6
46 years$981$570$316$170$89$5
47 years$949$544$297$157$81$4
48 years$919$519$279$145$73$4
49 years$890$496$262$134$67$3
50 years$862$473$247$124$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $883,000, adding $5,904 every year, while hoping to spend $52,293 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: 46/28/26 Blend
56$883,000$883,000$883,000$883,000
57$979,156$932,357$918,670$1,016,639
58$1,023,391$922,403$893,807$1,033,739
59$1,070,384$910,209$866,357$1,046,725
60$1,120,364$895,609$836,180$1,059,789
61$1,173,576$878,430$803,128$1,072,965
62$1,230,293$858,484$767,044$1,086,295
63$1,290,810$835,578$727,768$1,099,828
64$1,355,454$809,502$685,129$1,113,623
65$1,424,580$780,038$638,951$1,127,748
66$1,498,580$746,952$589,048$1,142,283
67$1,577,881$709,999$535,228$1,157,323
68$1,662,955$668,918$477,287$1,172,973
69$1,754,315$623,434$415,015$1,189,359
70$1,852,530$573,257$348,193$1,206,622
71$1,958,219$518,078$276,588$1,224,927
72$2,072,065$457,572$199,962$1,244,458
73$2,194,819$391,395$118,064$1,265,427
74$2,327,302$319,186$30,631$1,288,076
75$2,470,420$240,559$0$1,312,676
76$2,625,167$155,110$0$1,356,924
77$2,792,635$62,411$0$1,413,978
78$2,974,025$0$0$1,475,809
79$3,170,658$0$0$1,554,650
80$3,383,986$0$0$1,661,132
81$3,615,606$0$0$1,776,835
82$3,867,274$0$0$1,902,647
83$4,140,923$0$0$2,039,546
84$4,438,679$0$0$2,188,608
85$4,762,880$0$0$2,351,017
86$5,116,101$0$0$2,528,075
87$5,501,174$0$0$2,721,217
88$5,921,216$0$0$2,932,020
89$6,379,658$0$0$3,162,222
90$6,880,277$0$0$3,413,736
91$7,427,231$0$0$3,688,666
92$8,025,097$0$0$3,989,332
93$8,678,915$0$0$4,318,284
94$9,394,233$0$0$4,678,334
95$10,177,160$0$0$5,072,577
96$11,034,424$0$0$5,504,418
97$11,973,434$0$0$5,977,613
98$13,002,348$0$0$6,496,293
99$14,130,151$0$0$7,065,012
100$15,366,740$0$0$7,688,781