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%11.5%
1 years$73,578$72,923$72,283$71,659$71,050$70,602
2 years$36,425$35,746$35,089$34,451$33,833$33,381
3 years$24,042$23,361$22,705$22,073$21,465$21,024
4 years$17,852$17,173$16,523$15,903$15,309$14,881
5 years$14,139$13,463$12,823$12,215$11,638$11,224
6 years$11,664$10,994$10,363$9,768$9,209$8,810
7 years$9,897$9,233$8,611$8,031$7,489$7,106
8 years$8,573$7,914$7,303$6,737$6,213$5,846
9 years$7,543$6,891$6,290$5,738$5,232$4,880
10 years$6,720$6,074$5,484$4,947$4,458$4,122
11 years$6,046$5,407$4,828$4,305$3,834$3,513
12 years$5,486$4,853$4,285$3,776$3,323$3,016
13 years$5,012$4,386$3,828$3,334$2,897$2,605
14 years$4,606$3,987$3,440$2,959$2,540$2,261
15 years$4,255$3,642$3,105$2,639$2,236$1,972
16 years$3,947$3,341$2,816$2,363$1,976$1,725
17 years$3,677$3,077$2,562$2,123$1,752$1,514
18 years$3,436$2,843$2,339$1,913$1,558$1,332
19 years$3,221$2,635$2,141$1,729$1,389$1,175
20 years$3,028$2,449$1,965$1,566$1,240$1,038
21 years$2,854$2,281$1,807$1,421$1,110$919
22 years$2,695$2,129$1,666$1,292$995$815
23 years$2,551$1,991$1,538$1,177$893$723
24 years$2,419$1,866$1,422$1,073$803$643
25 years$2,297$1,751$1,317$980$722$572
26 years$2,185$1,646$1,222$896$651$509
27 years$2,082$1,549$1,135$820$587$454
28 years$1,986$1,459$1,055$752$529$405
29 years$1,897$1,377$982$689$478$361
30 years$1,814$1,300$914$633$432$322
31 years$1,736$1,229$852$581$391$288
32 years$1,664$1,163$795$534$353$257
33 years$1,596$1,101$743$491$320$230
34 years$1,532$1,044$694$452$289$206
35 years$1,472$990$649$416$262$184
36 years$1,415$940$607$383$238$165
37 years$1,362$893$568$353$215$147
38 years$1,311$848$532$325$195$132
39 years$1,263$807$498$300$177$118
40 years$1,218$767$467$277$161$106
41 years$1,175$730$438$255$146$95
42 years$1,134$696$411$236$132$85
43 years$1,096$663$385$217$120$76
44 years$1,059$632$362$201$109$68
45 years$1,023$603$340$185$99$61
46 years$990$575$319$171$90$55
47 years$958$549$300$158$81$49
48 years$927$524$282$146$74$44
49 years$898$500$265$135$67$39
50 years$870$478$249$125$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $891,000, adding $3,407 every year, while hoping to spend $21,868 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: 56/21/23 Blend
56$891,000$891,000$891,000$891,000
57$985,396$938,173$924,363$1,034,240
58$1,062,639$960,876$932,062$1,090,751
59$1,147,028$983,959$939,285$1,149,686
60$1,239,269$1,007,417$945,995$1,213,429
61$1,340,138$1,031,244$952,150$1,282,448
62$1,450,492$1,055,434$957,706$1,357,259
63$1,571,272$1,079,980$962,619$1,438,432
64$1,703,515$1,104,873$966,841$1,526,594
65$1,848,365$1,130,103$970,321$1,622,435
66$2,007,078$1,155,659$973,007$1,726,717
67$2,181,042$1,181,527$974,844$1,840,279
68$2,371,780$1,207,694$975,774$1,964,045
69$2,580,974$1,234,144$975,735$2,099,036
70$2,810,476$1,260,859$974,664$2,246,373
71$3,062,323$1,287,820$972,493$2,407,296
72$3,338,761$1,315,004$969,154$2,583,169
73$3,642,265$1,342,390$964,570$2,775,496
74$3,975,559$1,369,950$958,667$2,985,934
75$4,341,645$1,397,657$951,361$3,216,310
76$4,743,831$1,425,479$942,569$3,468,640
77$5,185,758$1,453,385$932,202$3,745,141
78$5,671,441$1,481,336$920,166$4,048,261
79$6,205,300$1,509,294$906,365$4,380,697
80$6,792,208$1,537,216$890,695$4,745,421
81$7,437,530$1,565,057$873,050$5,145,710
82$8,147,179$1,592,766$853,318$5,585,175
83$8,927,670$1,620,289$831,382$6,067,796
84$9,786,179$1,647,570$807,121$6,597,961
85$10,730,614$1,674,546$780,404$7,180,506
86$11,769,689$1,701,151$751,100$7,820,762
87$12,913,003$1,727,313$719,067$8,524,604
88$14,171,133$1,752,955$684,160$9,298,507
89$15,555,733$1,777,995$646,224$10,149,611
90$17,079,647$1,802,345$605,101$11,085,781
91$18,757,022$1,825,912$560,623$12,115,690
92$20,603,450$1,848,593$512,616$13,248,895
93$22,636,109$1,870,281$460,896$14,495,932
94$24,873,930$1,890,863$405,274$15,868,411
95$27,337,770$1,910,214$345,549$17,379,130
96$30,050,613$1,928,205$281,515$19,042,195
97$33,037,783$1,944,695$212,955$20,873,153
98$36,327,189$1,959,537$139,640$22,889,137
99$39,949,580$1,972,572$61,336$25,109,036
100$43,938,841$1,983,632$0$27,553,663