Can I retire at age 57 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$73,908$73,250$72,608$71,981$71,369$70,100
2 years$36,588$35,907$35,246$34,606$33,985$32,711
3 years$24,150$23,466$22,807$22,172$21,561$20,322
4 years$17,932$17,250$16,597$15,974$15,378$14,182
5 years$14,202$13,524$12,880$12,270$11,690$10,542
6 years$11,716$11,043$10,409$9,812$9,250$8,151
7 years$9,942$9,274$8,650$8,067$7,523$6,473
8 years$8,611$7,950$7,336$6,767$6,241$5,240
9 years$7,577$6,922$6,318$5,764$5,256$4,303
10 years$6,750$6,101$5,509$4,969$4,478$3,573
11 years$6,074$5,431$4,850$4,324$3,851$2,992
12 years$5,511$4,875$4,304$3,793$3,337$2,524
13 years$5,035$4,406$3,845$3,349$2,910$2,140
14 years$4,627$4,004$3,455$2,973$2,551$1,824
15 years$4,274$3,658$3,119$2,651$2,246$1,560
16 years$3,965$3,356$2,828$2,374$1,985$1,339
17 years$3,693$3,091$2,574$2,133$1,760$1,152
18 years$3,452$2,856$2,349$1,922$1,565$994
19 years$3,236$2,647$2,151$1,737$1,395$859
20 years$3,042$2,460$1,974$1,573$1,246$743
21 years$2,867$2,291$1,816$1,428$1,115$644
22 years$2,707$2,139$1,673$1,298$1,000$559
23 years$2,562$2,000$1,545$1,182$897$486
24 years$2,429$1,874$1,429$1,078$806$423
25 years$2,307$1,759$1,323$985$726$368
26 years$2,195$1,653$1,227$900$654$320
27 years$2,091$1,556$1,140$824$589$279
28 years$1,995$1,466$1,060$755$532$243
29 years$1,905$1,383$986$692$480$212
30 years$1,822$1,306$918$635$434$185
31 years$1,744$1,235$856$584$392$162
32 years$1,671$1,168$799$536$355$141
33 years$1,603$1,106$746$493$321$123
34 years$1,539$1,049$697$454$291$108
35 years$1,478$995$652$418$263$94
36 years$1,421$944$610$385$239$82
37 years$1,368$897$571$354$216$72
38 years$1,317$852$534$327$196$63
39 years$1,269$810$501$301$178$55
40 years$1,224$771$469$278$161$48
41 years$1,180$734$440$256$146$42
42 years$1,139$699$413$237$133$37
43 years$1,100$666$387$218$120$32
44 years$1,063$635$363$202$109$28
45 years$1,028$605$341$186$99$25
46 years$994$577$321$172$90$21
47 years$962$551$301$159$82$19
48 years$931$526$283$147$74$16
49 years$902$502$266$136$68$14
50 years$874$480$250$125$61$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $895,000, adding $5,440 every year, while hoping to spend $43,006 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: 68/27/5 Blend
56$895,000$895,000$895,000$895,000
57$991,901$944,466$930,594$1,058,408
58$1,047,317$944,987$916,011$1,103,657
59$1,106,944$944,092$899,498$1,147,354
60$1,171,166$941,666$880,945$1,193,959
61$1,240,405$937,588$860,236$1,243,748
62$1,315,125$931,728$837,253$1,297,026
63$1,395,834$923,949$811,867$1,354,128
64$1,483,093$914,106$783,948$1,415,428
65$1,577,515$902,045$753,357$1,481,333
66$1,679,778$887,601$719,951$1,552,299
67$1,790,625$870,603$683,578$1,628,824
68$1,910,872$850,866$644,082$1,711,462
69$2,041,419$828,196$601,297$1,800,823
70$2,183,254$802,389$555,051$1,897,580
71$2,337,466$773,225$505,164$2,002,479
72$2,505,249$740,475$451,450$2,116,339
73$2,687,922$703,896$393,710$2,240,070
74$2,886,932$663,229$331,742$2,374,673
75$3,103,873$618,201$265,330$2,521,255
76$3,340,501$568,526$194,251$2,681,038
77$3,598,746$513,897$118,272$2,855,369
78$3,880,733$453,993$37,149$3,045,740
79$4,188,803$388,474$0$3,253,793
80$4,525,531$316,979$0$3,483,980
81$4,893,754$239,130$0$3,737,955
82$5,296,594$154,525$0$4,015,961
83$5,737,489$62,739$0$4,320,453
84$6,220,227$0$0$4,654,142
85$6,748,975$0$0$5,030,915
86$7,328,325$0$0$5,464,223
87$7,963,334$0$0$5,939,212
88$8,659,571$0$0$6,460,056
89$9,423,170$0$0$7,031,350
90$10,260,885$0$0$7,658,156
91$11,180,159$0$0$8,346,049
92$12,189,188$0$0$9,101,169
93$13,297,000$0$0$9,930,282
94$14,513,542$0$0$10,840,840
95$15,849,768$0$0$11,841,051
96$17,317,749$0$0$12,939,959
97$18,930,780$0$0$14,147,526
98$20,703,508$0$0$15,474,727
99$22,652,071$0$0$16,933,653
100$24,794,247$0$0$18,537,626