Can I retire at age 57 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$73,578$72,923$72,283$71,659$71,050$68,775
2 years$36,425$35,746$35,089$34,451$33,833$31,563
3 years$24,042$23,361$22,705$22,073$21,465$19,270
4 years$17,852$17,173$16,523$15,903$15,309$13,206
5 years$14,139$13,463$12,823$12,215$11,638$9,632
6 years$11,664$10,994$10,363$9,768$9,209$7,302
7 years$9,897$9,233$8,611$8,031$7,489$5,682
8 years$8,573$7,914$7,303$6,737$6,213$4,504
9 years$7,543$6,891$6,290$5,738$5,232$3,619
10 years$6,720$6,074$5,484$4,947$4,458$2,938
11 years$6,046$5,407$4,828$4,305$3,834$2,405
12 years$5,486$4,853$4,285$3,776$3,323$1,981
13 years$5,012$4,386$3,828$3,334$2,897$1,640
14 years$4,606$3,987$3,440$2,959$2,540$1,364
15 years$4,255$3,642$3,105$2,639$2,236$1,138
16 years$3,947$3,341$2,816$2,363$1,976$951
17 years$3,677$3,077$2,562$2,123$1,752$798
18 years$3,436$2,843$2,339$1,913$1,558$670
19 years$3,221$2,635$2,141$1,729$1,389$564
20 years$3,028$2,449$1,965$1,566$1,240$475
21 years$2,854$2,281$1,807$1,421$1,110$400
22 years$2,695$2,129$1,666$1,292$995$338
23 years$2,551$1,991$1,538$1,177$893$285
24 years$2,419$1,866$1,422$1,073$803$241
25 years$2,297$1,751$1,317$980$722$204
26 years$2,185$1,646$1,222$896$651$173
27 years$2,082$1,549$1,135$820$587$146
28 years$1,986$1,459$1,055$752$529$124
29 years$1,897$1,377$982$689$478$105
30 years$1,814$1,300$914$633$432$89
31 years$1,736$1,229$852$581$391$75
32 years$1,664$1,163$795$534$353$64
33 years$1,596$1,101$743$491$320$54
34 years$1,532$1,044$694$452$289$46
35 years$1,472$990$649$416$262$39
36 years$1,415$940$607$383$238$33
37 years$1,362$893$568$353$215$28
38 years$1,311$848$532$325$195$24
39 years$1,263$807$498$300$177$20
40 years$1,218$767$467$277$161$17
41 years$1,175$730$438$255$146$14
42 years$1,134$696$411$236$132$12
43 years$1,096$663$385$217$120$10
44 years$1,059$632$362$201$109$9
45 years$1,023$603$340$185$99$7
46 years$990$575$319$171$90$6
47 years$958$549$300$158$81$5
48 years$927$524$282$146$74$5
49 years$898$500$265$135$67$4
50 years$870$478$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $891,000, adding $3,096 every year, while hoping to spend $46,108 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: 78/17/5 Blend
56$891,000$891,000$891,000$891,000
57$985,076$937,853$924,042$1,061,443
58$1,036,495$934,749$905,939$1,108,831
59$1,091,613$929,948$885,684$1,154,445
60$1,150,760$923,317$863,156$1,203,081
61$1,214,295$914,717$838,230$1,255,019
62$1,282,615$904,000$810,773$1,310,566
63$1,356,154$891,009$780,646$1,370,060
64$1,435,390$875,576$747,705$1,433,875
65$1,520,846$857,526$711,800$1,502,422
66$1,613,099$836,671$672,771$1,576,155
67$1,712,780$812,813$630,455$1,655,574
68$1,820,587$785,744$584,678$1,741,230
69$1,937,283$755,241$535,261$1,833,733
70$2,063,707$721,070$482,014$1,933,752
71$2,200,786$682,983$424,741$2,042,028
72$2,349,533$640,716$363,237$2,159,377
73$2,511,067$593,993$297,287$2,286,698
74$2,686,617$542,519$226,667$2,424,986
75$2,877,534$485,985$151,143$2,575,334
76$3,085,307$424,063$70,471$2,738,950
77$3,311,572$356,406$0$2,917,167
78$3,558,130$282,648$0$3,112,288
79$3,826,964$202,402$0$3,329,165
80$4,120,255$115,260$0$3,565,839
81$4,440,404$20,791$0$3,824,295
82$4,790,055$0$0$4,106,726
83$5,172,117$0$0$4,430,785
84$5,589,794$0$0$4,789,332
85$6,046,613$0$0$5,181,509
86$6,546,457$0$0$5,610,654
87$7,093,603$0$0$6,080,441
88$7,692,758$0$0$6,594,918
89$8,349,109$0$0$7,158,541
90$9,068,367$0$0$7,776,218
91$9,856,819$0$0$8,453,354
92$10,721,393$0$0$9,195,904
93$11,669,718$0$0$10,010,423
94$12,710,197$0$0$10,904,134
95$13,852,084$0$0$11,884,992
96$15,105,575$0$0$12,961,759
97$16,481,901$0$0$14,144,089
98$17,993,433$0$0$15,442,613
99$19,653,797$0$0$16,869,045
100$21,478,007$0$0$18,436,289