Can I retire at age 57 with 895,000?

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 $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%16.5%
1 years$73,908$73,250$72,608$71,981$71,369$69,474
2 years$36,588$35,907$35,246$34,606$33,985$32,090
3 years$24,150$23,466$22,807$22,172$21,561$19,725
4 years$17,932$17,250$16,597$15,974$15,378$13,613
5 years$14,202$13,524$12,880$12,270$11,690$10,003
6 years$11,716$11,043$10,409$9,812$9,250$7,642
7 years$9,942$9,274$8,650$8,067$7,523$5,994
8 years$8,611$7,950$7,336$6,767$6,241$4,790
9 years$7,577$6,922$6,318$5,764$5,256$3,882
10 years$6,750$6,101$5,509$4,969$4,478$3,180
11 years$6,074$5,431$4,850$4,324$3,851$2,626
12 years$5,511$4,875$4,304$3,793$3,337$2,183
13 years$5,035$4,406$3,845$3,349$2,910$1,825
14 years$4,627$4,004$3,455$2,973$2,551$1,532
15 years$4,274$3,658$3,119$2,651$2,246$1,290
16 years$3,965$3,356$2,828$2,374$1,985$1,090
17 years$3,693$3,091$2,574$2,133$1,760$923
18 years$3,452$2,856$2,349$1,922$1,565$784
19 years$3,236$2,647$2,151$1,737$1,395$666
20 years$3,042$2,460$1,974$1,573$1,246$567
21 years$2,867$2,291$1,816$1,428$1,115$484
22 years$2,707$2,139$1,673$1,298$1,000$413
23 years$2,562$2,000$1,545$1,182$897$352
24 years$2,429$1,874$1,429$1,078$806$301
25 years$2,307$1,759$1,323$985$726$258
26 years$2,195$1,653$1,227$900$654$220
27 years$2,091$1,556$1,140$824$589$189
28 years$1,995$1,466$1,060$755$532$162
29 years$1,905$1,383$986$692$480$138
30 years$1,822$1,306$918$635$434$119
31 years$1,744$1,235$856$584$392$102
32 years$1,671$1,168$799$536$355$87
33 years$1,603$1,106$746$493$321$75
34 years$1,539$1,049$697$454$291$64
35 years$1,478$995$652$418$263$55
36 years$1,421$944$610$385$239$47
37 years$1,368$897$571$354$216$40
38 years$1,317$852$534$327$196$35
39 years$1,269$810$501$301$178$30
40 years$1,224$771$469$278$161$26
41 years$1,180$734$440$256$146$22
42 years$1,139$699$413$237$133$19
43 years$1,100$666$387$218$120$16
44 years$1,063$635$363$202$109$14
45 years$1,028$605$341$186$99$12
46 years$994$577$321$172$90$10
47 years$962$551$301$159$82$9
48 years$931$526$283$147$74$8
49 years$902$502$266$136$68$6
50 years$874$480$250$125$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $895,000, adding $3,029 every year, while hoping to spend $22,299 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: 58/17/25 Blend
56$895,000$895,000$895,000$895,000
57$989,414$941,979$928,107$1,039,940
58$1,066,609$964,410$935,473$1,097,220
59$1,150,929$987,193$942,338$1,157,007
60$1,243,080$1,010,321$948,662$1,221,723
61$1,343,835$1,033,788$954,402$1,291,850
62$1,454,046$1,057,584$959,515$1,367,920
63$1,574,653$1,081,700$963,953$1,450,518
64$1,706,689$1,106,124$967,667$1,540,292
65$1,851,293$1,130,846$970,605$1,637,953
66$2,009,718$1,155,850$972,713$1,744,285
67$2,183,344$1,181,121$973,934$1,860,155
68$2,373,692$1,206,643$974,208$1,986,515
69$2,582,436$1,232,396$973,471$2,124,415
70$2,811,421$1,258,360$971,659$2,275,015
71$3,062,678$1,284,512$968,702$2,439,590
72$3,338,445$1,310,827$964,527$2,619,549
73$3,641,186$1,337,278$959,059$2,816,440
74$3,973,617$1,363,834$952,217$3,031,975
75$4,338,728$1,390,464$943,919$3,268,038
76$4,739,815$1,417,133$934,076$3,526,705
77$5,180,506$1,443,803$922,598$3,810,266
78$5,664,800$1,470,432$909,387$4,121,246
79$6,197,103$1,496,976$894,345$4,462,425
80$6,782,267$1,523,387$877,365$4,836,870
81$7,425,639$1,549,614$858,338$5,247,960
82$8,133,110$1,575,601$837,148$5,699,423
83$8,911,170$1,601,288$813,675$6,195,362
84$9,766,969$1,626,611$787,793$6,740,307
85$10,708,385$1,651,501$759,370$7,339,244
86$11,744,100$1,675,883$728,268$7,997,675
87$12,883,676$1,699,680$694,343$8,721,660
88$14,137,652$1,722,805$657,444$9,517,880
89$15,517,638$1,745,168$617,414$10,393,702
90$17,036,429$1,766,673$574,089$11,357,241
91$18,708,119$1,787,215$527,296$12,417,445
92$20,548,243$1,806,684$476,856$13,584,175
93$22,573,913$1,824,961$422,580$14,868,301
94$24,803,990$1,841,921$364,274$16,281,804
95$27,259,251$1,857,430$301,731$17,837,889
96$29,962,594$1,871,344$234,739$19,551,109
97$32,939,250$1,883,511$163,074$21,437,506
98$36,217,020$1,893,769$86,503$23,514,760
99$39,826,538$1,901,946$4,783$25,802,360
100$43,801,562$1,907,858$0$28,321,782