Can I retire at age 57 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$73,248$72,595$71,959$71,337$70,731$68,993
2 years$36,261$35,586$34,931$34,297$33,681$31,941
3 years$23,934$23,256$22,603$21,974$21,369$19,681
4 years$17,772$17,095$16,449$15,831$15,240$13,617
5 years$14,075$13,403$12,765$12,160$11,585$10,032
6 years$11,612$10,945$10,316$9,724$9,167$7,685
7 years$9,853$9,191$8,573$7,995$7,455$6,045
8 years$8,534$7,879$7,270$6,707$6,185$4,845
9 years$7,509$6,860$6,262$5,713$5,209$3,938
10 years$6,689$6,047$5,459$4,924$4,438$3,236
11 years$6,019$5,383$4,806$4,286$3,817$2,681
12 years$5,461$4,831$4,265$3,759$3,308$2,236
13 years$4,990$4,366$3,811$3,319$2,884$1,876
14 years$4,585$3,969$3,424$2,946$2,528$1,580
15 years$4,236$3,625$3,092$2,627$2,226$1,336
16 years$3,930$3,326$2,803$2,352$1,967$1,132
17 years$3,660$3,063$2,551$2,114$1,745$963
18 years$3,421$2,831$2,328$1,905$1,551$820
19 years$3,207$2,623$2,131$1,721$1,383$700
20 years$3,015$2,438$1,956$1,559$1,235$598
21 years$2,841$2,271$1,799$1,415$1,105$512
22 years$2,683$2,120$1,658$1,286$991$438
23 years$2,539$1,983$1,531$1,172$889$376
24 years$2,408$1,857$1,416$1,068$799$322
25 years$2,287$1,743$1,312$976$719$277
26 years$2,175$1,638$1,216$892$648$238
27 years$2,072$1,542$1,130$817$584$204
28 years$1,977$1,453$1,050$748$527$176
29 years$1,888$1,371$977$686$476$151
30 years$1,806$1,294$910$630$430$130
31 years$1,728$1,224$849$578$389$112
32 years$1,656$1,158$792$532$352$96
33 years$1,588$1,096$739$489$318$83
34 years$1,525$1,039$691$450$288$71
35 years$1,465$986$646$414$261$62
36 years$1,409$936$604$381$236$53
37 years$1,356$889$565$351$214$46
38 years$1,305$844$529$324$194$39
39 years$1,258$803$496$299$176$34
40 years$1,213$764$465$275$160$29
41 years$1,170$727$436$254$145$25
42 years$1,129$693$409$234$132$22
43 years$1,091$660$384$216$119$19
44 years$1,054$629$360$200$108$16
45 years$1,019$600$338$185$98$14
46 years$985$572$318$170$89$12
47 years$954$546$298$158$81$10
48 years$923$521$280$146$74$9
49 years$894$498$264$135$67$8
50 years$866$476$248$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $887,000, adding $6,605 every year, while hoping to spend $39,575 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: 33/45/22 Blend
56$887,000$887,000$887,000$887,000
57$984,287$937,276$923,528$1,009,940
58$1,042,577$941,095$912,358$1,033,486
59$1,105,486$943,775$899,488$1,054,786
60$1,173,443$945,218$884,819$1,076,932
61$1,246,921$945,320$868,247$1,100,022
62$1,326,438$943,972$849,665$1,124,170
63$1,412,564$941,056$828,958$1,149,500
64$1,505,926$936,448$806,008$1,176,157
65$1,607,214$930,017$780,692$1,204,300
66$1,717,184$921,623$752,881$1,234,110
67$1,836,672$911,117$722,437$1,265,789
68$1,966,594$898,343$689,220$1,299,565
69$2,107,960$883,135$653,082$1,335,692
70$2,261,879$865,316$613,867$1,374,456
71$2,429,573$844,699$571,415$1,416,176
72$2,612,387$821,087$525,555$1,461,211
73$2,811,801$794,270$476,111$1,509,958
74$3,029,443$764,028$422,899$1,562,864
75$3,267,105$730,125$365,725$1,620,426
76$3,526,762$692,313$304,389$1,683,200
77$3,810,586$650,330$238,681$1,751,803
78$4,120,969$603,900$168,380$1,826,926
79$4,460,545$552,728$93,257$1,909,335
80$4,832,213$496,504$13,074$1,999,885
81$5,239,168$434,902$0$2,099,525
82$5,684,924$367,573$0$2,226,330
83$6,173,356$294,154$0$2,368,837
84$6,708,728$214,257$0$2,525,342
85$7,295,738$127,475$0$2,697,360
86$7,939,557$33,376$0$2,886,569
87$8,645,886$0$0$3,094,825
88$9,420,999$0$0$3,358,101
89$10,271,811$0$0$3,665,367
90$11,205,937$0$0$4,002,863
91$12,231,765$0$0$4,373,639
92$13,358,536$0$0$4,781,052
93$14,596,431$0$0$5,228,802
94$15,956,664$0$0$5,720,965
95$17,451,590$0$0$6,262,032
96$19,094,819$0$0$6,856,950
97$20,901,347$0$0$7,511,169
98$22,887,696$0$0$8,230,695
99$25,072,066$0$0$9,022,145
100$27,474,511$0$0$9,892,808