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%11.5%
1 years$73,165$72,513$71,877$71,257$70,651$70,206
2 years$36,220$35,546$34,892$34,258$33,643$33,194
3 years$23,907$23,230$22,577$21,950$21,345$20,906
4 years$17,752$17,076$16,431$15,813$15,223$14,798
5 years$14,059$13,388$12,751$12,146$11,572$11,161
6 years$11,599$10,932$10,305$9,713$9,157$8,761
7 years$9,842$9,181$8,563$7,986$7,447$7,067
8 years$8,524$7,870$7,262$6,699$6,178$5,813
9 years$7,501$6,852$6,255$5,706$5,203$4,853
10 years$6,682$6,040$5,453$4,919$4,433$4,098
11 years$6,013$5,377$4,801$4,281$3,813$3,493
12 years$5,455$4,826$4,261$3,755$3,304$2,999
13 years$4,984$4,361$3,807$3,315$2,881$2,590
14 years$4,580$3,964$3,420$2,943$2,526$2,249
15 years$4,231$3,621$3,088$2,624$2,224$1,960
16 years$3,925$3,323$2,800$2,350$1,965$1,715
17 years$3,656$3,060$2,548$2,111$1,743$1,505
18 years$3,417$2,828$2,326$1,903$1,549$1,325
19 years$3,203$2,621$2,129$1,719$1,381$1,168
20 years$3,011$2,435$1,954$1,557$1,234$1,032
21 years$2,838$2,268$1,797$1,413$1,104$914
22 years$2,680$2,117$1,656$1,285$989$810
23 years$2,536$1,980$1,529$1,170$888$719
24 years$2,405$1,855$1,414$1,067$798$639
25 years$2,284$1,741$1,310$975$718$569
26 years$2,173$1,636$1,215$891$647$506
27 years$2,070$1,540$1,128$816$583$451
28 years$1,975$1,451$1,049$747$526$402
29 years$1,886$1,369$976$685$475$359
30 years$1,804$1,293$909$629$430$320
31 years$1,726$1,222$848$578$388$286
32 years$1,654$1,156$791$531$351$256
33 years$1,587$1,095$738$488$318$229
34 years$1,523$1,038$690$449$288$204
35 years$1,463$985$645$414$261$183
36 years$1,407$934$603$381$236$164
37 years$1,354$888$565$351$214$146
38 years$1,304$843$529$323$194$131
39 years$1,256$802$496$298$176$117
40 years$1,211$763$464$275$160$105
41 years$1,169$726$435$254$145$94
42 years$1,128$692$409$234$131$84
43 years$1,089$659$383$216$119$76
44 years$1,053$628$360$200$108$68
45 years$1,018$599$338$184$98$61
46 years$984$572$317$170$89$54
47 years$952$545$298$157$81$49
48 years$922$521$280$145$74$44
49 years$893$497$263$134$67$39
50 years$865$475$248$124$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $886,000, adding $2,274 every year, while hoping to spend $41,674 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: 29/44/27 Blend
56$886,000$886,000$886,000$886,000
57$978,718$931,760$918,027$998,871
58$1,034,206$933,075$904,440$1,016,230
59$1,093,957$933,058$889,001$1,031,093
60$1,158,363$931,600$871,604$1,046,235
61$1,227,851$928,584$852,138$1,061,708
62$1,302,895$923,887$830,488$1,077,573
63$1,384,012$917,379$806,531$1,093,903
64$1,471,771$908,921$780,140$1,110,779
65$1,566,800$898,366$751,183$1,128,297
66$1,669,786$885,559$719,520$1,146,567
67$1,781,487$870,334$685,006$1,165,714
68$1,902,735$852,516$647,490$1,185,881
69$2,034,445$831,921$606,813$1,207,231
70$2,177,626$808,352$562,808$1,229,949
71$2,333,384$781,602$515,302$1,254,245
72$2,502,939$751,450$464,115$1,280,357
73$2,687,633$717,665$409,057$1,308,554
74$2,888,941$680,001$349,930$1,339,138
75$3,108,489$638,196$286,528$1,372,452
76$3,348,064$591,977$218,636$1,408,880
77$3,609,635$541,052$146,029$1,448,854
78$3,895,368$485,114$68,471$1,492,860
79$4,207,649$423,838$0$1,541,440
80$4,549,104$356,881$0$1,599,325
81$4,922,623$283,879$0$1,684,394
82$5,331,391$204,449$0$1,777,743
83$5,778,914$118,188$0$1,880,304
84$6,269,050$24,666$0$1,993,113
85$6,806,053$0$0$2,117,318
86$7,394,602$0$0$2,291,269
87$8,039,855$0$0$2,495,214
88$8,747,491$0$0$2,719,024
89$9,523,764$0$0$2,964,695
90$10,375,564$0$0$3,234,428
91$11,310,479$0$0$3,530,644
92$12,336,869$0$0$3,856,013
93$13,463,941$0$0$4,213,475
94$14,701,839$0$0$4,606,268
95$16,061,736$0$0$5,037,962
96$17,555,943$0$0$5,512,486
97$19,198,020$0$0$6,034,173
98$21,002,907$0$0$6,607,793
99$22,987,064$0$0$7,238,604
100$25,168,623$0$0$7,932,397