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%19%
1 years$72,917$72,268$71,634$71,016$70,412$67,859
2 years$36,098$35,425$34,774$34,142$33,529$30,986
3 years$23,826$23,151$22,501$21,875$21,272$18,818
4 years$17,691$17,018$16,375$15,760$15,172$12,825
5 years$14,012$13,343$12,708$12,105$11,533$9,300
6 years$11,559$10,895$10,270$9,681$9,126$7,008
7 years$9,808$9,150$8,534$7,959$7,422$5,419
8 years$8,496$7,843$7,238$6,677$6,157$4,267
9 years$7,475$6,829$6,234$5,687$5,185$3,406
10 years$6,659$6,019$5,435$4,902$4,418$2,746
11 years$5,992$5,359$4,785$4,266$3,800$2,232
12 years$5,437$4,810$4,246$3,742$3,293$1,825
13 years$4,967$4,346$3,794$3,304$2,871$1,500
14 years$4,565$3,951$3,409$2,933$2,517$1,237
15 years$4,216$3,609$3,078$2,615$2,216$1,024
16 years$3,912$3,311$2,790$2,342$1,959$850
17 years$3,644$3,050$2,539$2,104$1,737$707
18 years$3,405$2,818$2,318$1,896$1,544$589
19 years$3,192$2,612$2,122$1,713$1,376$491
20 years$3,001$2,427$1,947$1,552$1,229$410
21 years$2,828$2,261$1,791$1,408$1,100$343
22 years$2,671$2,110$1,651$1,281$986$287
23 years$2,528$1,974$1,524$1,166$885$240
24 years$2,397$1,849$1,410$1,064$796$201
25 years$2,277$1,735$1,306$971$716$169
26 years$2,166$1,631$1,211$888$645$142
27 years$2,063$1,535$1,124$813$581$119
28 years$1,968$1,446$1,045$745$525$100
29 years$1,880$1,364$973$683$474$84
30 years$1,797$1,289$906$627$428$70
31 years$1,721$1,218$845$576$387$59
32 years$1,649$1,153$788$529$350$49
33 years$1,581$1,092$736$487$317$42
34 years$1,518$1,034$688$448$287$35
35 years$1,459$981$643$412$260$29
36 years$1,402$931$601$380$235$25
37 years$1,349$885$563$350$213$21
38 years$1,299$841$527$322$193$17
39 years$1,252$799$494$297$175$15
40 years$1,207$761$463$274$159$12
41 years$1,165$724$434$253$144$10
42 years$1,124$689$407$233$131$9
43 years$1,086$657$382$215$119$7
44 years$1,049$626$359$199$108$6
45 years$1,014$597$337$184$98$5
46 years$981$570$316$170$89$4
47 years$949$544$297$157$81$4
48 years$919$519$279$145$73$3
49 years$890$496$262$134$67$3
50 years$862$473$247$124$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $883,000, adding $5,357 every year, while hoping to spend $25,510 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: 57/37/6 Blend
56$883,000$883,000$883,000$883,000
57$978,592$931,793$918,106$1,032,849
58$1,051,266$950,308$921,720$1,088,466
59$1,130,497$968,876$924,601$1,145,686
60$1,216,929$987,471$926,695$1,207,394
61$1,311,266$1,006,068$927,951$1,274,018
62$1,414,288$1,024,638$928,310$1,346,034
63$1,526,850$1,043,150$927,713$1,423,962
64$1,649,895$1,061,571$926,097$1,508,379
65$1,784,461$1,079,864$923,398$1,599,919
66$1,931,690$1,097,992$919,546$1,699,280
67$2,092,841$1,115,912$914,469$1,807,231
68$2,269,299$1,133,580$908,092$1,924,622
69$2,462,590$1,150,947$900,335$2,052,387
70$2,674,393$1,167,963$891,116$2,191,556
71$2,906,561$1,184,573$880,348$2,343,265
72$3,161,129$1,200,716$867,939$2,508,767
73$3,440,344$1,216,331$853,795$2,689,440
74$3,746,678$1,231,350$837,815$2,886,805
75$4,082,853$1,245,700$819,896$3,102,538
76$4,451,869$1,259,305$799,928$3,338,488
77$4,857,031$1,272,082$777,796$3,596,690
78$5,301,978$1,283,944$753,383$3,879,390
79$5,790,720$1,294,797$726,561$4,189,062
80$6,327,674$1,304,542$697,201$4,528,434
81$6,917,705$1,313,074$665,166$4,900,514
82$7,566,175$1,320,278$630,313$5,308,615
83$8,278,989$1,326,036$592,493$5,756,393
84$9,062,654$1,330,219$551,549$6,247,874
85$9,924,337$1,332,693$507,318$6,787,499
86$10,871,937$1,333,312$459,631$7,380,162
87$11,914,154$1,331,924$408,309$8,031,259
88$13,060,576$1,328,367$353,165$8,746,737
89$14,321,765$1,322,467$294,006$9,533,151
90$15,709,360$1,314,042$230,630$10,397,730
91$17,236,182$1,302,898$162,824$11,348,438
92$18,916,361$1,288,828$90,366$12,394,058
93$20,765,464$1,271,615$13,028$13,544,269
94$22,800,643$1,251,027$0$14,809,741
95$25,040,800$1,226,818$0$16,206,684
96$27,506,760$1,198,730$0$17,744,794
97$30,221,468$1,166,487$0$19,437,542
98$33,210,212$1,129,798$0$21,300,698
99$36,500,851$1,088,356$0$23,351,643
100$40,124,085$1,041,833$0$25,609,534