Can I retire at age 57 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$73,165$72,513$71,877$71,257$70,651$69,452
2 years$36,220$35,546$34,892$34,258$33,643$32,439
3 years$23,907$23,230$22,577$21,950$21,345$20,173
4 years$17,752$17,076$16,431$15,813$15,223$14,092
5 years$14,059$13,388$12,751$12,146$11,572$10,486
6 years$11,599$10,932$10,305$9,713$9,157$8,116
7 years$9,842$9,181$8,563$7,986$7,447$6,452
8 years$8,524$7,870$7,262$6,699$6,178$5,229
9 years$7,501$6,852$6,255$5,706$5,203$4,299
10 years$6,682$6,040$5,453$4,919$4,433$3,574
11 years$6,013$5,377$4,801$4,281$3,813$2,997
12 years$5,455$4,826$4,261$3,755$3,304$2,531
13 years$4,984$4,361$3,807$3,315$2,881$2,150
14 years$4,580$3,964$3,420$2,943$2,526$1,834
15 years$4,231$3,621$3,088$2,624$2,224$1,571
16 years$3,925$3,323$2,800$2,350$1,965$1,350
17 years$3,656$3,060$2,548$2,111$1,743$1,164
18 years$3,417$2,828$2,326$1,903$1,549$1,005
19 years$3,203$2,621$2,129$1,719$1,381$870
20 years$3,011$2,435$1,954$1,557$1,234$754
21 years$2,838$2,268$1,797$1,413$1,104$655
22 years$2,680$2,117$1,656$1,285$989$569
23 years$2,536$1,980$1,529$1,170$888$495
24 years$2,405$1,855$1,414$1,067$798$431
25 years$2,284$1,741$1,310$975$718$376
26 years$2,173$1,636$1,215$891$647$328
27 years$2,070$1,540$1,128$816$583$286
28 years$1,975$1,451$1,049$747$526$250
29 years$1,886$1,369$976$685$475$218
30 years$1,804$1,293$909$629$430$191
31 years$1,726$1,222$848$578$388$167
32 years$1,654$1,156$791$531$351$146
33 years$1,587$1,095$738$488$318$128
34 years$1,523$1,038$690$449$288$112
35 years$1,463$985$645$414$261$98
36 years$1,407$934$603$381$236$86
37 years$1,354$888$565$351$214$75
38 years$1,304$843$529$323$194$66
39 years$1,256$802$496$298$176$57
40 years$1,211$763$464$275$160$50
41 years$1,169$726$435$254$145$44
42 years$1,128$692$409$234$131$39
43 years$1,089$659$383$216$119$34
44 years$1,053$628$360$200$108$30
45 years$1,018$599$338$184$98$26
46 years$984$572$317$170$89$23
47 years$952$545$298$157$81$20
48 years$922$521$280$145$74$17
49 years$893$497$263$134$67$15
50 years$865$475$248$124$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $886,000, adding $4,092 every year, while hoping to spend $54,090 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: 31/40/29 Blend
56$886,000$886,000$886,000$886,000
57$980,593$933,635$919,902$1,002,195
58$1,023,062$921,832$893,167$1,007,502
59$1,068,050$907,637$863,724$1,008,200
60$1,115,757$890,877$831,425$1,007,899
61$1,166,401$871,367$796,114$1,006,548
62$1,220,221$848,911$757,632$1,004,099
63$1,277,479$823,303$715,807$1,000,504
64$1,338,460$794,323$670,465$995,715
65$1,403,477$761,739$621,420$989,688
66$1,472,874$725,306$568,479$982,378
67$1,547,026$684,765$511,442$973,745
68$1,626,344$639,841$450,097$963,752
69$1,711,281$590,243$384,226$952,365
70$1,802,332$535,665$313,597$939,555
71$1,900,040$475,782$237,972$925,302
72$2,005,001$410,252$157,101$909,589
73$2,117,869$338,713$70,722$892,411
74$2,239,363$260,781$0$873,770
75$2,370,272$176,053$0$860,321
76$2,511,462$84,102$0$869,239
77$2,663,885$0$0$878,750
78$2,828,587$0$0$895,846
79$3,006,718$0$0$954,480
80$3,199,542$0$0$1,018,063
81$3,408,446$0$0$1,087,068
82$3,634,960$0$0$1,162,013
83$3,880,761$0$0$1,243,472
84$4,147,698$0$0$1,332,071
85$4,437,802$0$0$1,428,503
86$4,753,308$0$0$1,533,529
87$5,096,676$0$0$1,647,986
88$5,470,611$0$0$1,772,796
89$5,878,091$0$0$1,908,972
90$6,322,392$0$0$2,057,633
91$6,807,122$0$0$2,220,006
92$7,336,248$0$0$2,397,445
93$7,914,142$0$0$2,591,439
94$8,545,613$0$0$2,803,628
95$9,235,958$0$0$3,035,818
96$9,991,006$0$0$3,289,998
97$10,817,179$0$0$3,568,356
98$11,721,544$0$0$3,873,305
99$12,711,886$0$0$4,207,499
100$13,796,778$0$0$4,573,863