Can I retire at age 57 with 891,000?

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 $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%13.6%
1 years$73,578$72,923$72,283$71,659$71,050$69,988
2 years$36,425$35,746$35,089$34,451$33,833$32,766
3 years$24,042$23,361$22,705$22,073$21,465$20,425
4 years$17,852$17,173$16,523$15,903$15,309$14,305
5 years$14,139$13,463$12,823$12,215$11,638$10,672
6 years$11,664$10,994$10,363$9,768$9,209$8,283
7 years$9,897$9,233$8,611$8,031$7,489$6,603
8 years$8,573$7,914$7,303$6,737$6,213$5,367
9 years$7,543$6,891$6,290$5,738$5,232$4,426
10 years$6,720$6,074$5,484$4,947$4,458$3,690
11 years$6,046$5,407$4,828$4,305$3,834$3,105
12 years$5,486$4,853$4,285$3,776$3,323$2,630
13 years$5,012$4,386$3,828$3,334$2,897$2,241
14 years$4,606$3,987$3,440$2,959$2,540$1,919
15 years$4,255$3,642$3,105$2,639$2,236$1,649
16 years$3,947$3,341$2,816$2,363$1,976$1,422
17 years$3,677$3,077$2,562$2,123$1,752$1,230
18 years$3,436$2,843$2,339$1,913$1,558$1,066
19 years$3,221$2,635$2,141$1,729$1,389$926
20 years$3,028$2,449$1,965$1,566$1,240$806
21 years$2,854$2,281$1,807$1,421$1,110$702
22 years$2,695$2,129$1,666$1,292$995$613
23 years$2,551$1,991$1,538$1,177$893$535
24 years$2,419$1,866$1,422$1,073$803$468
25 years$2,297$1,751$1,317$980$722$410
26 years$2,185$1,646$1,222$896$651$359
27 years$2,082$1,549$1,135$820$587$314
28 years$1,986$1,459$1,055$752$529$276
29 years$1,897$1,377$982$689$478$242
30 years$1,814$1,300$914$633$432$212
31 years$1,736$1,229$852$581$391$186
32 years$1,664$1,163$795$534$353$164
33 years$1,596$1,101$743$491$320$144
34 years$1,532$1,044$694$452$289$126
35 years$1,472$990$649$416$262$111
36 years$1,415$940$607$383$238$98
37 years$1,362$893$568$353$215$86
38 years$1,311$848$532$325$195$75
39 years$1,263$807$498$300$177$66
40 years$1,218$767$467$277$161$58
41 years$1,175$730$438$255$146$51
42 years$1,134$696$411$236$132$45
43 years$1,096$663$385$217$120$40
44 years$1,059$632$362$201$109$35
45 years$1,023$603$340$185$99$31
46 years$990$575$319$171$90$27
47 years$958$549$300$158$81$24
48 years$927$524$282$146$74$21
49 years$898$500$265$135$67$18
50 years$870$478$249$125$61$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $891,000, adding $6,290 every year, while hoping to spend $32,116 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: 48/36/16 Blend
56$891,000$891,000$891,000$891,000
57$988,370$941,147$927,337$1,031,101
58$1,055,013$953,092$924,231$1,073,275
59$1,127,376$964,546$919,945$1,115,247
60$1,206,011$975,451$914,406$1,160,123
61$1,291,521$985,745$907,535$1,208,188
62$1,384,572$995,362$899,253$1,259,756
63$1,485,895$1,004,232$889,475$1,315,172
64$1,596,296$1,012,279$878,112$1,374,820
65$1,716,662$1,019,424$865,073$1,439,124
66$1,847,967$1,025,582$850,259$1,508,552
67$1,991,287$1,030,662$833,569$1,583,620
68$2,147,802$1,034,568$814,897$1,664,900
69$2,318,813$1,037,198$794,132$1,753,023
70$2,505,754$1,038,442$771,157$1,848,687
71$2,710,201$1,038,186$745,851$1,952,662
72$2,933,890$1,036,306$718,086$2,065,800
73$3,178,735$1,032,673$687,730$2,189,041
74$3,446,839$1,027,148$654,642$2,323,423
75$3,740,523$1,019,583$618,678$2,470,093
76$4,062,338$1,009,825$579,686$2,630,319
77$4,415,097$997,707$537,506$2,805,498
78$4,801,897$983,055$491,973$2,997,177
79$5,226,150$965,684$442,913$3,207,061
80$5,691,611$945,396$390,145$3,437,033
81$6,202,420$921,986$333,480$3,689,173
82$6,763,135$895,231$272,719$3,965,776
83$7,378,777$864,900$207,658$4,269,376
84$8,054,878$830,745$138,079$4,602,771
85$8,797,529$792,505$63,759$4,969,047
86$9,613,445$749,905$0$5,371,613
87$10,510,018$702,653$0$5,816,884
88$11,495,397$650,439$0$6,318,144
89$12,578,554$592,938$0$6,869,122
90$13,769,378$529,804$0$7,474,915
91$15,078,763$460,672$0$8,141,149
92$16,518,709$385,157$0$8,874,026
93$18,102,440$302,853$0$9,680,386
94$19,844,525$213,328$0$10,567,773
95$21,761,014$116,129$0$11,544,507
96$23,869,595$10,777$0$12,619,759
97$26,189,753$0$0$13,803,648
98$28,742,959$0$0$15,148,223
99$31,552,870$0$0$16,632,800
100$34,645,553$0$0$18,266,898