Can I retire at age 57 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$73,082$72,431$71,796$71,176$70,571$69,980
2 years$36,179$35,506$34,853$34,219$33,605$33,009
3 years$23,880$23,203$22,552$21,925$21,321$20,738
4 years$17,732$17,057$16,412$15,796$15,206$14,642
5 years$14,043$13,373$12,736$12,132$11,559$11,016
6 years$11,585$10,920$10,293$9,702$9,147$8,623
7 years$9,830$9,171$8,553$7,977$7,439$6,936
8 years$8,515$7,861$7,254$6,692$6,171$5,690
9 years$7,492$6,844$6,248$5,700$5,197$4,736
10 years$6,674$6,033$5,447$4,913$4,428$3,988
11 years$6,006$5,371$4,795$4,276$3,808$3,388
12 years$5,449$4,820$4,256$3,751$3,300$2,900
13 years$4,978$4,356$3,802$3,311$2,878$2,497
14 years$4,575$3,960$3,416$2,939$2,523$2,160
15 years$4,226$3,617$3,085$2,621$2,221$1,877
16 years$3,921$3,319$2,797$2,347$1,963$1,637
17 years$3,652$3,057$2,545$2,109$1,741$1,432
18 years$3,413$2,824$2,323$1,901$1,548$1,255
19 years$3,200$2,618$2,127$1,717$1,379$1,103
20 years$3,008$2,432$1,952$1,555$1,232$971
21 years$2,834$2,266$1,795$1,412$1,103$857
22 years$2,677$2,115$1,655$1,283$988$757
23 years$2,534$1,978$1,528$1,169$887$669
24 years$2,402$1,853$1,413$1,066$797$592
25 years$2,282$1,739$1,309$974$718$525
26 years$2,170$1,635$1,214$890$646$465
27 years$2,068$1,538$1,127$815$583$413
28 years$1,972$1,450$1,048$747$526$367
29 years$1,884$1,368$975$685$475$326
30 years$1,801$1,291$908$628$429$290
31 years$1,724$1,221$847$577$388$258
32 years$1,652$1,155$790$530$351$230
33 years$1,585$1,094$738$488$318$204
34 years$1,521$1,037$689$449$287$182
35 years$1,462$983$644$413$260$162
36 years$1,406$933$603$380$236$144
37 years$1,353$887$564$351$214$129
38 years$1,302$843$528$323$194$115
39 years$1,255$801$495$298$176$102
40 years$1,210$762$464$275$159$91
41 years$1,167$726$435$253$145$81
42 years$1,127$691$408$234$131$73
43 years$1,088$658$383$216$119$65
44 years$1,052$628$359$199$108$58
45 years$1,017$598$337$184$98$52
46 years$983$571$317$170$89$46
47 years$951$545$298$157$81$41
48 years$921$520$280$145$73$37
49 years$892$497$263$134$67$33
50 years$864$474$247$124$61$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $885,000, adding $4,742 every year, while hoping to spend $57,331 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: 50/45/5 Blend
56$885,000$885,000$885,000$885,000
57$980,161$933,256$919,539$1,027,764
58$1,019,138$917,986$889,344$1,045,396
59$1,060,169$900,046$856,215$1,057,967
60$1,103,403$879,245$819,995$1,070,246
61$1,149,002$855,381$780,518$1,082,219
62$1,197,144$828,238$737,608$1,093,872
63$1,248,021$797,590$691,086$1,105,196
64$1,301,843$763,196$640,762$1,116,184
65$1,358,841$724,802$586,438$1,126,832
66$1,419,266$682,140$527,906$1,137,141
67$1,483,391$634,925$464,950$1,147,117
68$1,551,516$582,856$397,346$1,156,771
69$1,623,970$525,615$324,857$1,166,123
70$1,701,112$462,867$247,236$1,175,199
71$1,783,335$394,257$164,228$1,184,034
72$1,871,068$319,409$75,563$1,192,677
73$1,964,784$237,927$0$1,201,184
74$2,064,999$149,393$0$1,210,645
75$2,172,281$53,364$0$1,224,499
76$2,287,249$0$0$1,238,834
77$2,410,586$0$0$1,278,860
78$2,543,040$0$0$1,350,287
79$2,685,431$0$0$1,427,140
80$2,838,661$0$0$1,509,915
81$3,003,718$0$0$1,599,155
82$3,181,690$0$0$1,695,456
83$3,373,771$0$0$1,799,477
84$3,581,271$0$0$1,911,936
85$3,805,633$0$0$2,033,627
86$4,048,440$0$0$2,165,420
87$4,311,434$0$0$2,308,274
88$4,596,531$0$0$2,463,242
89$4,905,836$0$0$2,631,481
90$5,241,664$0$0$2,814,266
91$5,606,562$0$0$3,012,997
92$6,003,333$0$0$3,229,217
93$6,435,059$0$0$3,464,622
94$6,905,132$0$0$3,721,078
95$7,417,284$0$0$4,000,638
96$7,975,622$0$0$4,305,564
97$8,584,666$0$0$4,638,344
98$9,249,392$0$0$5,001,716
99$9,975,276$0$0$5,398,695
100$10,768,347$0$0$5,832,601