Can I retire at age 57 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$73,495$72,841$72,202$71,579$70,970$68,452
2 years$36,384$35,706$35,050$34,413$33,795$31,285
3 years$24,015$23,334$22,679$22,049$21,441$19,018
4 years$17,832$17,153$16,505$15,885$15,292$12,974
5 years$14,123$13,448$12,808$12,201$11,625$9,418
6 years$11,651$10,982$10,351$9,757$9,198$7,105
7 years$9,886$9,222$8,602$8,022$7,481$5,500
8 years$8,563$7,905$7,295$6,729$6,206$4,336
9 years$7,534$6,883$6,283$5,732$5,226$3,465
10 years$6,712$6,067$5,478$4,941$4,453$2,798
11 years$6,040$5,401$4,823$4,300$3,830$2,277
12 years$5,480$4,848$4,280$3,772$3,319$1,864
13 years$5,006$4,381$3,824$3,330$2,894$1,534
14 years$4,601$3,982$3,436$2,956$2,537$1,267
15 years$4,250$3,638$3,102$2,636$2,234$1,050
16 years$3,943$3,338$2,812$2,360$1,974$873
17 years$3,673$3,074$2,559$2,121$1,750$727
18 years$3,432$2,840$2,336$1,911$1,556$607
19 years$3,218$2,632$2,139$1,727$1,387$507
20 years$3,025$2,446$1,963$1,564$1,239$424
21 years$2,851$2,278$1,805$1,420$1,109$355
22 years$2,692$2,127$1,664$1,291$994$298
23 years$2,548$1,989$1,536$1,175$892$250
24 years$2,416$1,864$1,421$1,072$802$209
25 years$2,295$1,749$1,316$979$722$176
26 years$2,183$1,644$1,221$895$650$148
27 years$2,079$1,547$1,133$819$586$124
28 years$1,984$1,458$1,054$751$529$104
29 years$1,895$1,375$980$688$477$88
30 years$1,812$1,299$913$632$431$74
31 years$1,734$1,228$851$580$390$62
32 years$1,662$1,162$794$533$353$52
33 years$1,594$1,100$742$490$319$44
34 years$1,530$1,043$693$451$289$37
35 years$1,470$989$648$415$262$31
36 years$1,414$939$606$383$237$26
37 years$1,360$892$567$352$215$22
38 years$1,310$847$531$325$195$18
39 years$1,262$806$498$300$177$16
40 years$1,217$767$467$276$160$13
41 years$1,174$730$437$255$145$11
42 years$1,133$695$410$235$132$9
43 years$1,094$662$385$217$120$8
44 years$1,057$631$361$201$109$7
45 years$1,022$602$339$185$99$6
46 years$989$574$319$171$90$5
47 years$957$548$299$158$81$4
48 years$926$523$281$146$74$3
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $890,000, adding $5,519 every year, while hoping to spend $26,213 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: 53/21/26 Blend
56$890,000$890,000$890,000$890,000
57$986,473$939,303$925,508$1,031,356
58$1,059,203$957,438$928,622$1,081,120
59$1,138,472$975,584$930,962$1,132,108
60$1,224,921$993,712$932,474$1,187,066
61$1,319,253$1,011,794$933,102$1,246,381
62$1,422,243$1,029,798$932,786$1,310,485
63$1,534,743$1,047,689$931,466$1,379,851
64$1,657,692$1,065,431$929,075$1,455,002
65$1,792,124$1,082,984$925,547$1,536,514
66$1,939,176$1,100,306$920,808$1,625,023
67$2,100,101$1,117,351$914,784$1,721,232
68$2,276,280$1,134,069$907,398$1,825,914
69$2,469,231$1,150,409$898,566$1,939,922
70$2,680,627$1,166,313$888,202$2,064,199
71$2,912,310$1,181,722$876,217$2,199,783
72$3,166,311$1,196,571$862,515$2,347,820
73$3,444,863$1,210,792$846,998$2,509,574
74$3,750,429$1,224,311$829,562$2,686,437
75$4,085,719$1,237,049$810,099$2,879,949
76$4,453,721$1,248,922$788,496$3,091,803
77$4,857,723$1,259,842$764,633$3,323,870
78$5,301,350$1,269,714$738,387$3,578,213
79$5,788,593$1,278,435$709,629$3,857,105
80$6,323,850$1,285,899$678,222$4,163,055
81$6,911,965$1,291,990$644,025$4,498,829
82$7,558,275$1,296,587$606,889$4,867,478
83$8,268,659$1,299,560$566,660$5,272,365
84$9,049,595$1,300,770$523,175$5,717,199
85$9,908,218$1,300,073$476,266$6,206,072
86$10,852,391$1,297,311$425,756$6,743,493
87$11,890,776$1,292,321$371,460$7,334,436
88$13,032,917$1,284,926$313,185$7,984,385
89$14,289,329$1,274,942$250,731$8,699,386
90$15,671,597$1,262,170$183,887$9,486,106
91$17,192,485$1,246,402$112,433$10,351,895
92$18,866,060$1,227,417$36,141$11,304,859
93$20,707,818$1,204,980$0$12,353,933
94$22,734,833$1,178,842$0$13,521,528
95$24,965,921$1,148,740$0$14,817,461
96$27,421,812$1,114,395$0$16,243,741
97$30,125,349$1,075,513$0$17,813,645
98$33,101,702$1,031,780$0$19,541,804
99$36,378,605$982,867$0$21,444,342
100$39,986,619$928,424$0$23,539,033