Can I retire at age 57 with 892,000?

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 $892,000?

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$73,661$73,004$72,364$71,739$71,129$68,852
2 years$36,466$35,786$35,128$34,490$33,871$31,598
3 years$24,069$23,387$22,730$22,098$21,489$19,292
4 years$17,872$17,192$16,542$15,920$15,326$13,221
5 years$14,154$13,479$12,837$12,228$11,651$9,643
6 years$11,677$11,006$10,374$9,779$9,219$7,311
7 years$9,908$9,243$8,621$8,040$7,497$5,688
8 years$8,582$7,923$7,311$6,745$6,220$4,509
9 years$7,551$6,898$6,297$5,745$5,238$3,623
10 years$6,727$6,081$5,490$4,952$4,463$2,942
11 years$6,053$5,413$4,833$4,310$3,838$2,408
12 years$5,492$4,859$4,290$3,780$3,326$1,983
13 years$5,018$4,391$3,832$3,337$2,901$1,642
14 years$4,611$3,991$3,443$2,963$2,543$1,365
15 years$4,259$3,646$3,109$2,642$2,239$1,139
16 years$3,952$3,345$2,819$2,366$1,979$953
17 years$3,681$3,081$2,565$2,126$1,754$799
18 years$3,440$2,847$2,341$1,916$1,560$671
19 years$3,225$2,638$2,143$1,731$1,390$564
20 years$3,032$2,452$1,967$1,568$1,242$475
21 years$2,857$2,284$1,809$1,423$1,111$401
22 years$2,698$2,132$1,668$1,294$996$338
23 years$2,554$1,994$1,540$1,178$894$286
24 years$2,421$1,868$1,424$1,075$804$241
25 years$2,300$1,753$1,319$981$723$204
26 years$2,188$1,648$1,223$897$651$173
27 years$2,084$1,551$1,136$821$587$146
28 years$1,988$1,461$1,056$752$530$124
29 years$1,899$1,378$983$690$479$105
30 years$1,816$1,302$915$633$432$89
31 years$1,738$1,231$853$582$391$75
32 years$1,666$1,164$796$535$354$64
33 years$1,597$1,103$743$492$320$54
34 years$1,534$1,045$695$452$290$46
35 years$1,473$991$649$416$262$39
36 years$1,417$941$607$383$238$33
37 years$1,363$894$569$353$216$28
38 years$1,313$849$532$326$195$24
39 years$1,265$807$499$300$177$20
40 years$1,220$768$468$277$161$17
41 years$1,176$731$438$255$146$14
42 years$1,136$696$411$236$132$12
43 years$1,097$664$386$218$120$10
44 years$1,060$633$362$201$109$9
45 years$1,025$603$340$186$99$7
46 years$991$575$319$171$90$6
47 years$959$549$300$158$82$5
48 years$928$524$282$146$74$5
49 years$899$501$265$135$67$4
50 years$871$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 $892,000, adding $2,067 every year, while hoping to spend $44,548 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: 53/41/6 Blend
56$892,000$892,000$892,000$892,000
57$985,116$937,840$924,014$1,035,858
58$1,038,199$936,396$907,570$1,068,993
59$1,095,204$933,387$889,082$1,099,961
60$1,156,483$928,691$868,434$1,132,569
61$1,222,423$922,177$845,506$1,166,979
62$1,293,451$913,704$820,171$1,203,374
63$1,370,034$903,126$792,298$1,241,954
64$1,452,685$890,287$761,747$1,282,943
65$1,541,967$875,019$728,374$1,326,590
66$1,638,502$857,149$692,028$1,373,173
67$1,742,969$836,489$652,551$1,423,001
68$1,856,118$812,843$609,778$1,476,415
69$1,978,772$786,003$563,536$1,533,796
70$2,111,837$755,748$513,645$1,595,568
71$2,256,309$721,843$459,916$1,662,199
72$2,413,282$684,043$402,152$1,734,211
73$2,583,961$642,086$340,149$1,812,184
74$2,769,672$595,695$273,691$1,896,758
75$2,971,874$544,579$202,555$1,988,647
76$3,192,170$488,429$126,506$2,088,640
77$3,432,327$426,917$45,299$2,197,614
78$3,694,289$359,701$0$2,316,540
79$3,980,194$286,414$0$2,449,143
80$4,292,399$206,673$0$2,597,233
81$4,633,494$120,071$0$2,759,248
82$5,006,334$26,177$0$2,936,670
83$5,414,060$0$0$3,131,138
84$5,860,133$0$0$3,378,513
85$6,348,361$0$0$3,662,276
86$6,882,939$0$0$3,973,067
87$7,468,486$0$0$4,313,581
88$8,110,088$0$0$4,686,789
89$8,813,348$0$0$5,095,961
90$9,584,436$0$0$5,544,698
91$10,430,146$0$0$6,036,968
92$11,357,964$0$0$6,577,141
93$12,376,134$0$0$7,170,031
94$13,493,736$0$0$7,820,939
95$14,720,774$0$0$8,535,706
96$16,068,266$0$0$9,320,765
97$17,548,350$0$0$10,183,205
98$19,174,397$0$0$11,130,833
99$20,961,140$0$0$12,172,250
100$22,924,805$0$0$13,316,934