Can I retire at age 57 with 886,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$73,165$72,513$71,877$71,257$70,651$68,009
2 years$36,220$35,546$34,892$34,258$33,643$31,012
3 years$23,907$23,230$22,577$21,950$21,345$18,806
4 years$17,752$17,076$16,431$15,813$15,223$12,798
5 years$14,059$13,388$12,751$12,146$11,572$9,266
6 years$11,599$10,932$10,305$9,713$9,157$6,971
7 years$9,842$9,181$8,563$7,986$7,447$5,381
8 years$8,524$7,870$7,262$6,699$6,178$4,230
9 years$7,501$6,852$6,255$5,706$5,203$3,370
10 years$6,682$6,040$5,453$4,919$4,433$2,712
11 years$6,013$5,377$4,801$4,281$3,813$2,200
12 years$5,455$4,826$4,261$3,755$3,304$1,795
13 years$4,984$4,361$3,807$3,315$2,881$1,472
14 years$4,580$3,964$3,420$2,943$2,526$1,212
15 years$4,231$3,621$3,088$2,624$2,224$1,001
16 years$3,925$3,323$2,800$2,350$1,965$829
17 years$3,656$3,060$2,548$2,111$1,743$688
18 years$3,417$2,828$2,326$1,903$1,549$572
19 years$3,203$2,621$2,129$1,719$1,381$476
20 years$3,011$2,435$1,954$1,557$1,234$396
21 years$2,838$2,268$1,797$1,413$1,104$331
22 years$2,680$2,117$1,656$1,285$989$276
23 years$2,536$1,980$1,529$1,170$888$231
24 years$2,405$1,855$1,414$1,067$798$193
25 years$2,284$1,741$1,310$975$718$161
26 years$2,173$1,636$1,215$891$647$135
27 years$2,070$1,540$1,128$816$583$113
28 years$1,975$1,451$1,049$747$526$94
29 years$1,886$1,369$976$685$475$79
30 years$1,804$1,293$909$629$430$66
31 years$1,726$1,222$848$578$388$55
32 years$1,654$1,156$791$531$351$46
33 years$1,587$1,095$738$488$318$39
34 years$1,523$1,038$690$449$288$33
35 years$1,463$985$645$414$261$27
36 years$1,407$934$603$381$236$23
37 years$1,354$888$565$351$214$19
38 years$1,304$843$529$323$194$16
39 years$1,256$802$496$298$176$13
40 years$1,211$763$464$275$160$11
41 years$1,169$726$435$254$145$9
42 years$1,128$692$409$234$131$8
43 years$1,089$659$383$216$119$7
44 years$1,053$628$360$200$108$6
45 years$1,018$599$338$184$98$5
46 years$984$572$317$170$89$4
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$3
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $886,000, adding $2,226 every year, while hoping to spend $35,678 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: 71/5/24 Blend
56$886,000$886,000$886,000$886,000
57$978,668$931,710$917,977$1,042,102
58$1,040,531$939,403$910,768$1,092,458
59$1,107,508$946,277$902,122$1,143,178
60$1,180,084$952,254$891,953$1,197,856
61$1,258,790$957,252$880,171$1,256,882
62$1,344,211$961,182$866,681$1,320,687
63$1,436,992$963,951$851,386$1,389,744
64$1,537,840$965,460$834,183$1,464,577
65$1,647,535$965,602$814,963$1,545,764
66$1,766,932$964,265$793,613$1,633,940
67$1,896,976$961,331$770,015$1,729,809
68$2,038,703$956,671$744,046$1,834,144
69$2,193,255$950,153$715,577$1,947,801
70$2,361,891$941,634$684,472$2,071,722
71$2,545,992$930,962$650,590$2,206,946
72$2,747,081$917,978$613,783$2,354,621
73$2,966,836$902,511$573,897$2,516,010
74$3,207,102$884,383$530,771$2,692,509
75$3,469,911$863,402$484,237$2,885,656
76$3,757,500$839,367$434,117$3,097,147
77$4,072,334$812,065$380,229$3,328,854
78$4,417,125$781,270$322,380$3,582,840
79$4,794,862$746,741$260,369$3,861,381
80$5,208,834$708,228$193,988$4,166,986
81$5,662,665$665,462$123,017$4,502,422
82$6,160,347$618,159$47,228$4,870,741
83$6,706,276$566,022$0$5,275,308
84$7,305,293$508,734$0$5,728,450
85$7,962,731$445,960$0$6,239,108
86$8,684,465$377,347$0$6,799,752
87$9,476,966$302,523$0$7,415,426
88$10,347,363$221,094$0$8,091,686
89$11,303,509$132,642$0$8,834,654
90$12,354,054$36,729$0$9,651,074
91$13,508,529$0$0$10,548,379
92$14,777,432$0$0$11,538,450
93$16,172,332$0$0$12,629,100
94$17,705,970$0$0$13,828,279
95$19,392,387$0$0$15,146,971
96$21,247,052$0$0$16,597,278
97$23,287,007$0$0$18,192,534
98$25,531,029$0$0$19,947,430
99$27,999,807$0$0$21,878,151
100$30,716,135$0$0$24,002,533