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%11%
1 years$73,082$72,431$71,796$71,176$70,571$70,274
2 years$36,179$35,506$34,853$34,219$33,605$33,305
3 years$23,880$23,203$22,552$21,925$21,321$21,027
4 years$17,732$17,057$16,412$15,796$15,206$14,921
5 years$14,043$13,373$12,736$12,132$11,559$11,284
6 years$11,585$10,920$10,293$9,702$9,147$8,881
7 years$9,830$9,171$8,553$7,977$7,439$7,183
8 years$8,515$7,861$7,254$6,692$6,171$5,926
9 years$7,492$6,844$6,248$5,700$5,197$4,961
10 years$6,674$6,033$5,447$4,913$4,428$4,202
11 years$6,006$5,371$4,795$4,276$3,808$3,592
12 years$5,449$4,820$4,256$3,751$3,300$3,094
13 years$4,978$4,356$3,802$3,311$2,878$2,681
14 years$4,575$3,960$3,416$2,939$2,523$2,335
15 years$4,226$3,617$3,085$2,621$2,221$2,043
16 years$3,921$3,319$2,797$2,347$1,963$1,793
17 years$3,652$3,057$2,545$2,109$1,741$1,579
18 years$3,413$2,824$2,323$1,901$1,548$1,394
19 years$3,200$2,618$2,127$1,717$1,379$1,234
20 years$3,008$2,432$1,952$1,555$1,232$1,095
21 years$2,834$2,266$1,795$1,412$1,103$972
22 years$2,677$2,115$1,655$1,283$988$865
23 years$2,534$1,978$1,528$1,169$887$771
24 years$2,402$1,853$1,413$1,066$797$688
25 years$2,282$1,739$1,309$974$718$614
26 years$2,170$1,635$1,214$890$646$549
27 years$2,068$1,538$1,127$815$583$491
28 years$1,972$1,450$1,048$747$526$440
29 years$1,884$1,368$975$685$475$394
30 years$1,801$1,291$908$628$429$353
31 years$1,724$1,221$847$577$388$317
32 years$1,652$1,155$790$530$351$284
33 years$1,585$1,094$738$488$318$255
34 years$1,521$1,037$689$449$287$229
35 years$1,462$983$644$413$260$206
36 years$1,406$933$603$380$236$185
37 years$1,353$887$564$351$214$166
38 years$1,302$843$528$323$194$149
39 years$1,255$801$495$298$176$134
40 years$1,210$762$464$275$159$121
41 years$1,167$726$435$253$145$109
42 years$1,127$691$408$234$131$98
43 years$1,088$658$383$216$119$88
44 years$1,052$628$359$199$108$79
45 years$1,017$598$337$184$98$71
46 years$983$571$317$170$89$64
47 years$951$545$298$157$81$58
48 years$921$520$280$145$73$52
49 years$892$497$263$134$67$47
50 years$864$474$247$124$61$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $885,000, adding $5,011 every year, while hoping to spend $33,955 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: 43/45/12 Blend
56$885,000$885,000$885,000$885,000
57$980,439$933,534$919,816$1,018,980
58$1,044,316$943,149$914,502$1,056,016
59$1,113,570$952,098$907,872$1,092,314
60$1,188,714$960,311$899,846$1,130,886
61$1,270,313$967,715$890,340$1,171,953
62$1,358,985$974,234$879,267$1,215,762
63$1,455,414$979,783$866,535$1,262,587
64$1,560,349$984,276$852,047$1,312,728
65$1,674,617$987,618$835,703$1,366,522
66$1,799,126$989,709$817,397$1,424,338
67$1,934,877$990,445$797,020$1,486,586
68$2,082,970$989,712$774,456$1,553,723
69$2,244,616$987,392$749,583$1,626,249
70$2,421,150$983,357$722,277$1,704,722
71$2,614,039$977,473$692,405$1,789,758
72$2,824,900$969,598$659,830$1,882,038
73$3,055,511$959,580$624,406$1,982,316
74$3,307,833$947,259$585,983$2,091,427
75$3,584,023$932,465$544,404$2,210,292
76$3,886,455$915,018$499,504$2,339,934
77$4,217,747$894,728$451,111$2,481,479
78$4,580,779$871,391$399,045$2,636,176
79$4,978,725$844,795$343,119$2,805,404
80$5,415,078$814,713$283,136$2,990,687
81$5,893,688$780,906$218,893$3,193,712
82$6,418,793$743,120$150,175$3,416,342
83$6,995,063$701,086$76,760$3,660,634
84$7,627,642$654,522$0$3,928,863
85$8,322,196$603,127$0$4,223,747
86$9,084,964$546,585$0$4,558,359
87$9,922,823$484,560$0$4,925,962
88$10,843,346$416,698$0$5,329,975
89$11,854,876$342,626$0$5,774,177
90$12,966,607$261,948$0$6,262,737
91$14,188,663$174,246$0$6,800,255
92$15,532,203$79,080$0$7,391,810
93$17,009,517$0$0$8,043,007
94$18,634,147$0$0$8,771,922
95$20,421,014$0$0$9,616,818
96$22,386,556$0$0$10,546,324
97$24,548,885$0$0$11,569,019
98$26,927,957$0$0$12,694,360
99$29,545,760$0$0$13,932,761
100$32,426,520$0$0$15,295,703