Can I retire at age 57 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$73,000$72,350$71,715$71,096$70,491$69,959
2 years$36,139$35,466$34,813$34,181$33,567$33,031
3 years$23,853$23,177$22,526$21,900$21,296$20,772
4 years$17,712$17,038$16,393$15,778$15,189$14,681
5 years$14,028$13,358$12,722$12,119$11,546$11,056
6 years$11,572$10,908$10,281$9,691$9,136$8,664
7 years$9,819$9,160$8,544$7,968$7,430$6,977
8 years$8,505$7,852$7,246$6,684$6,164$5,730
9 years$7,484$6,837$6,241$5,693$5,191$4,775
10 years$6,667$6,026$5,441$4,908$4,423$4,025
11 years$5,999$5,365$4,790$4,271$3,804$3,424
12 years$5,443$4,815$4,251$3,746$3,296$2,934
13 years$4,973$4,351$3,798$3,308$2,875$2,530
14 years$4,570$3,955$3,413$2,936$2,520$2,192
15 years$4,221$3,613$3,081$2,618$2,219$1,907
16 years$3,916$3,315$2,793$2,345$1,961$1,665
17 years$3,648$3,053$2,542$2,107$1,739$1,458
18 years$3,409$2,821$2,320$1,898$1,546$1,281
19 years$3,196$2,615$2,124$1,715$1,378$1,127
20 years$3,004$2,430$1,950$1,554$1,231$994
21 years$2,831$2,263$1,793$1,410$1,101$878
22 years$2,674$2,113$1,653$1,282$987$776
23 years$2,531$1,976$1,526$1,168$886$688
24 years$2,400$1,851$1,411$1,065$797$610
25 years$2,279$1,737$1,307$973$717$541
26 years$2,168$1,633$1,212$889$646$481
27 years$2,065$1,537$1,126$814$582$427
28 years$1,970$1,448$1,047$746$525$380
29 years$1,882$1,366$974$684$474$338
30 years$1,799$1,290$907$628$429$301
31 years$1,723$1,219$846$576$387$268
32 years$1,651$1,154$789$530$350$239
33 years$1,583$1,093$737$487$317$213
34 years$1,520$1,036$688$448$287$190
35 years$1,460$982$644$413$260$170
36 years$1,404$932$602$380$236$152
37 years$1,351$886$563$350$214$135
38 years$1,301$842$528$323$194$121
39 years$1,253$800$494$298$176$108
40 years$1,209$761$463$274$159$96
41 years$1,166$725$435$253$144$86
42 years$1,125$690$408$234$131$77
43 years$1,087$658$382$216$119$69
44 years$1,050$627$359$199$108$61
45 years$1,015$598$337$184$98$55
46 years$982$570$317$170$89$49
47 years$950$544$297$157$81$44
48 years$920$520$280$145$73$39
49 years$891$496$263$134$67$35
50 years$863$474$247$124$61$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $884,000, adding $3,107 every year, while hoping to spend $31,792 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: 57/17/26 Blend
56$884,000$884,000$884,000$884,000
57$977,373$930,521$916,819$1,025,984
58$1,043,238$942,290$913,706$1,071,403
59$1,114,757$953,570$909,423$1,117,268
60$1,192,471$964,304$903,898$1,166,595
61$1,276,978$974,430$897,053$1,219,729
62$1,368,936$983,883$888,810$1,277,050
63$1,469,067$992,593$879,085$1,338,977
64$1,578,167$1,000,485$867,790$1,405,973
65$1,697,112$1,007,481$854,832$1,478,549
66$1,826,865$1,013,495$840,117$1,557,271
67$1,968,487$1,018,439$823,544$1,642,760
68$2,123,147$1,022,216$805,006$1,735,706
69$2,292,128$1,024,725$784,394$1,836,868
70$2,476,847$1,025,859$761,594$1,947,086
71$2,678,862$1,025,502$736,483$2,067,284
72$2,899,887$1,023,533$708,936$2,198,486
73$3,141,812$1,019,822$678,822$2,341,819
74$3,406,717$1,014,233$646,003$2,498,528
75$3,696,892$1,006,620$610,333$2,669,987
76$4,014,859$996,829$571,664$2,857,714
77$4,363,397$984,696$529,837$3,063,382
78$4,745,564$970,047$484,688$3,288,837
79$5,164,732$952,700$436,045$3,536,117
80$5,624,611$932,459$383,729$3,807,472
81$6,129,290$909,117$327,552$4,105,381
82$6,683,271$882,458$267,319$4,432,583
83$7,291,516$852,249$202,825$4,792,097
84$7,959,487$818,246$133,856$5,187,255
85$8,693,206$780,191$60,191$5,621,731
86$9,499,302$737,809$0$6,099,580
87$10,385,080$690,812$0$6,630,384
88$11,358,589$638,892$0$7,232,118
89$12,428,693$581,726$0$7,893,577
90$13,605,162$518,973$0$8,620,834
91$14,898,755$450,270$0$9,420,583
92$16,321,331$375,235$0$10,300,205
93$17,885,950$293,465$0$11,267,831
94$19,607,005$204,533$0$12,332,425
95$21,500,354$107,989$0$13,503,866
96$23,583,467$3,358$0$14,793,045
97$25,875,596$0$0$16,211,961
98$28,397,950$0$0$17,794,396
99$31,173,899$0$0$19,536,712
100$34,229,196$0$0$21,454,452