Can I retire at age 57 with 888,000?

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 $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%18%
1 years$73,330$72,677$72,040$71,418$70,810$68,516
2 years$36,302$35,626$34,971$34,335$33,719$31,429
3 years$23,961$23,282$22,628$21,999$21,393$19,179
4 years$17,792$17,115$16,468$15,849$15,258$13,137
5 years$14,091$13,418$12,780$12,174$11,599$9,577
6 years$11,625$10,957$10,328$9,735$9,178$7,257
7 years$9,864$9,202$8,582$8,004$7,464$5,643
8 years$8,544$7,887$7,279$6,714$6,192$4,470
9 years$7,517$6,867$6,269$5,719$5,215$3,590
10 years$6,697$6,053$5,466$4,930$4,443$2,913
11 years$6,026$5,389$4,812$4,291$3,821$2,383
12 years$5,467$4,837$4,270$3,763$3,311$1,961
13 years$4,995$4,371$3,815$3,322$2,888$1,623
14 years$4,591$3,973$3,428$2,949$2,531$1,348
15 years$4,240$3,630$3,095$2,630$2,229$1,124
16 years$3,934$3,330$2,806$2,355$1,970$939
17 years$3,664$3,067$2,553$2,116$1,746$787
18 years$3,425$2,834$2,331$1,907$1,553$660
19 years$3,211$2,626$2,134$1,723$1,384$555
20 years$3,018$2,441$1,958$1,561$1,236$467
21 years$2,844$2,273$1,801$1,416$1,106$394
22 years$2,686$2,122$1,660$1,288$992$332
23 years$2,542$1,985$1,533$1,173$890$280
24 years$2,410$1,860$1,418$1,070$800$237
25 years$2,289$1,745$1,313$977$720$200
26 years$2,178$1,640$1,218$893$649$169
27 years$2,075$1,544$1,131$818$585$143
28 years$1,979$1,454$1,051$749$528$121
29 years$1,890$1,372$978$687$476$102
30 years$1,808$1,296$911$630$430$87
31 years$1,730$1,225$850$579$389$73
32 years$1,658$1,159$793$532$352$62
33 years$1,590$1,098$740$489$319$53
34 years$1,527$1,040$691$450$288$45
35 years$1,467$987$646$414$261$38
36 years$1,410$937$605$382$237$32
37 years$1,357$890$566$352$215$27
38 years$1,307$845$530$324$195$23
39 years$1,259$804$497$299$176$19
40 years$1,214$765$465$276$160$16
41 years$1,171$728$436$254$145$14
42 years$1,131$693$409$235$132$12
43 years$1,092$661$384$217$120$10
44 years$1,055$630$361$200$108$8
45 years$1,020$600$339$185$98$7
46 years$987$573$318$171$89$6
47 years$955$547$299$158$81$5
48 years$924$522$281$146$74$4
49 years$895$498$264$135$67$4
50 years$867$476$248$124$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $888,000, adding $5,990 every year, while hoping to spend $41,137 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: 75/19/6 Blend
56$888,000$888,000$888,000$888,000
57$984,755$937,691$923,927$1,057,541
58$1,041,430$939,868$911,109$1,108,409
59$1,102,508$940,773$896,483$1,158,284
60$1,168,393$940,301$879,945$1,211,744
61$1,239,532$938,338$861,385$1,269,127
62$1,316,414$934,766$840,691$1,330,807
63$1,399,577$929,459$817,743$1,397,198
64$1,489,612$922,281$792,416$1,468,752
65$1,587,171$913,091$764,580$1,545,972
66$1,692,967$901,737$734,098$1,629,410
67$1,807,788$888,060$700,829$1,719,675
68$1,932,497$871,890$664,622$1,817,440
69$2,068,047$853,048$625,322$1,923,445
70$2,215,484$831,343$582,766$2,038,507
71$2,375,959$806,574$536,784$2,163,527
72$2,550,738$778,529$487,198$2,299,499
73$2,741,217$746,980$433,823$2,447,519
74$2,948,930$711,691$376,464$2,608,796
75$3,175,565$672,407$314,920$2,784,662
76$3,422,980$628,863$248,977$2,976,588
77$3,693,222$580,775$178,416$3,186,195
78$3,988,544$527,846$103,006$3,415,271
79$4,311,424$469,760$22,506$3,665,788
80$4,664,594$406,183$0$3,939,921
81$5,051,060$336,763$0$4,244,127
82$5,474,131$261,128$0$4,578,793
83$5,937,454$178,884$0$4,945,412
84$6,445,041$89,616$0$5,347,218
85$7,001,315$0$0$5,787,779
86$7,611,143$0$0$6,272,512
87$8,279,887$0$0$6,824,660
88$9,013,455$0$0$7,430,365
89$9,818,351$0$0$8,095,005
90$10,701,740$0$0$8,824,501
91$11,671,515$0$0$9,625,374
92$12,736,370$0$0$10,504,812
93$13,905,883$0$0$11,470,727
94$15,190,604$0$0$12,531,841
95$16,602,156$0$0$13,697,758
96$18,153,342$0$0$14,979,060
97$19,858,269$0$0$16,387,405
98$21,732,478$0$0$17,935,636
99$23,793,088$0$0$19,637,903
100$26,058,963$0$0$21,509,796