Can I retire at age 57 with 888,000?

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 $888,000?

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$73,330$72,677$72,040$71,418$70,810$70,512
2 years$36,302$35,626$34,971$34,335$33,719$33,418
3 years$23,961$23,282$22,628$21,999$21,393$21,098
4 years$17,792$17,115$16,468$15,849$15,258$14,972
5 years$14,091$13,418$12,780$12,174$11,599$11,322
6 years$11,625$10,957$10,328$9,735$9,178$8,911
7 years$9,864$9,202$8,582$8,004$7,464$7,207
8 years$8,544$7,887$7,279$6,714$6,192$5,946
9 years$7,517$6,867$6,269$5,719$5,215$4,978
10 years$6,697$6,053$5,466$4,930$4,443$4,217
11 years$6,026$5,389$4,812$4,291$3,821$3,605
12 years$5,467$4,837$4,270$3,763$3,311$3,104
13 years$4,995$4,371$3,815$3,322$2,888$2,690
14 years$4,591$3,973$3,428$2,949$2,531$2,343
15 years$4,240$3,630$3,095$2,630$2,229$2,049
16 years$3,934$3,330$2,806$2,355$1,970$1,799
17 years$3,664$3,067$2,553$2,116$1,746$1,585
18 years$3,425$2,834$2,331$1,907$1,553$1,399
19 years$3,211$2,626$2,134$1,723$1,384$1,238
20 years$3,018$2,441$1,958$1,561$1,236$1,098
21 years$2,844$2,273$1,801$1,416$1,106$976
22 years$2,686$2,122$1,660$1,288$992$868
23 years$2,542$1,985$1,533$1,173$890$774
24 years$2,410$1,860$1,418$1,070$800$690
25 years$2,289$1,745$1,313$977$720$616
26 years$2,178$1,640$1,218$893$649$551
27 years$2,075$1,544$1,131$818$585$493
28 years$1,979$1,454$1,051$749$528$441
29 years$1,890$1,372$978$687$476$395
30 years$1,808$1,296$911$630$430$354
31 years$1,730$1,225$850$579$389$318
32 years$1,658$1,159$793$532$352$285
33 years$1,590$1,098$740$489$319$256
34 years$1,527$1,040$691$450$288$230
35 years$1,467$987$646$414$261$206
36 years$1,410$937$605$382$237$185
37 years$1,357$890$566$352$215$167
38 years$1,307$845$530$324$195$150
39 years$1,259$804$497$299$176$135
40 years$1,214$765$465$276$160$121
41 years$1,171$728$436$254$145$109
42 years$1,131$693$409$235$132$98
43 years$1,092$661$384$217$120$88
44 years$1,055$630$361$200$108$79
45 years$1,020$600$339$185$98$71
46 years$987$573$318$171$89$64
47 years$955$547$299$158$81$58
48 years$924$522$281$146$74$52
49 years$895$498$264$135$67$47
50 years$867$476$248$124$61$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $888,000, adding $6,470 every year, while hoping to spend $28,866 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: 71/15/14 Blend
56$888,000$888,000$888,000$888,000
57$985,250$938,186$924,422$1,051,694
58$1,055,032$953,444$924,677$1,111,888
59$1,130,965$968,482$923,973$1,173,645
60$1,213,644$983,259$922,247$1,240,495
61$1,303,728$997,730$919,435$1,312,936
62$1,401,939$1,011,849$915,466$1,391,515
63$1,509,071$1,025,565$910,269$1,476,836
64$1,626,002$1,038,823$903,768$1,569,566
65$1,753,694$1,051,565$895,884$1,670,438
66$1,893,209$1,063,730$886,534$1,780,259
67$2,045,714$1,075,250$875,631$1,899,922
68$2,212,496$1,086,057$863,084$2,030,409
69$2,394,970$1,096,073$848,797$2,172,801
70$2,594,696$1,105,220$832,670$2,328,291
71$2,813,390$1,113,411$814,600$2,498,194
72$3,052,943$1,120,555$794,476$2,683,960
73$3,315,437$1,126,556$772,185$2,887,186
74$3,603,165$1,131,311$747,607$3,109,632
75$3,918,652$1,134,709$720,616$3,353,239
76$4,264,680$1,136,635$691,081$3,620,146
77$4,644,311$1,136,964$658,867$3,912,711
78$5,060,921$1,135,566$623,829$4,233,533
79$5,518,227$1,132,300$585,819$4,585,476
80$6,020,322$1,127,019$544,680$4,971,698
81$6,571,716$1,119,564$500,248$5,395,680
82$7,177,378$1,109,770$452,354$5,861,258
83$7,842,782$1,097,460$400,818$6,372,662
84$8,573,956$1,082,445$345,456$6,934,551
85$9,377,542$1,064,528$286,072$7,552,065
86$10,260,860$1,043,498$222,463$8,230,866
87$11,231,970$1,019,132$154,418$8,977,197
88$12,299,755$991,194$81,715$9,797,939
89$13,474,001$959,433$4,124$10,700,676
90$14,765,490$923,586$0$11,693,767
91$16,186,101$883,373$0$12,798,180
92$17,748,922$838,497$0$14,013,739
93$19,468,373$788,644$0$15,351,060
94$21,360,344$733,485$0$16,822,524
95$23,442,341$672,668$0$18,441,773
96$25,733,654$605,822$0$20,223,840
97$28,255,537$532,558$0$22,185,295
98$31,031,409$452,461$0$24,344,394
99$34,087,075$365,094$0$26,721,259
100$37,450,969$269,995$0$29,338,065