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%11.6%
1 years$73,908$73,250$72,608$71,981$71,369$70,889
2 years$36,588$35,907$35,246$34,606$33,985$33,501
3 years$24,150$23,466$22,807$22,172$21,561$21,089
4 years$17,932$17,250$16,597$15,974$15,378$14,920
5 years$14,202$13,524$12,880$12,270$11,690$11,248
6 years$11,716$11,043$10,409$9,812$9,250$8,824
7 years$9,942$9,274$8,650$8,067$7,523$7,113
8 years$8,611$7,950$7,336$6,767$6,241$5,848
9 years$7,577$6,922$6,318$5,764$5,256$4,880
10 years$6,750$6,101$5,509$4,969$4,478$4,118
11 years$6,074$5,431$4,850$4,324$3,851$3,508
12 years$5,511$4,875$4,304$3,793$3,337$3,010
13 years$5,035$4,406$3,845$3,349$2,910$2,598
14 years$4,627$4,004$3,455$2,973$2,551$2,254
15 years$4,274$3,658$3,119$2,651$2,246$1,964
16 years$3,965$3,356$2,828$2,374$1,985$1,717
17 years$3,693$3,091$2,574$2,133$1,760$1,506
18 years$3,452$2,856$2,349$1,922$1,565$1,324
19 years$3,236$2,647$2,151$1,737$1,395$1,167
20 years$3,042$2,460$1,974$1,573$1,246$1,030
21 years$2,867$2,291$1,816$1,428$1,115$911
22 years$2,707$2,139$1,673$1,298$1,000$807
23 years$2,562$2,000$1,545$1,182$897$716
24 years$2,429$1,874$1,429$1,078$806$636
25 years$2,307$1,759$1,323$985$726$565
26 years$2,195$1,653$1,227$900$654$503
27 years$2,091$1,556$1,140$824$589$448
28 years$1,995$1,466$1,060$755$532$399
29 years$1,905$1,383$986$692$480$356
30 years$1,822$1,306$918$635$434$317
31 years$1,744$1,235$856$584$392$283
32 years$1,671$1,168$799$536$355$253
33 years$1,603$1,106$746$493$321$226
34 years$1,539$1,049$697$454$291$202
35 years$1,478$995$652$418$263$180
36 years$1,421$944$610$385$239$161
37 years$1,368$897$571$354$216$144
38 years$1,317$852$534$327$196$129
39 years$1,269$810$501$301$178$115
40 years$1,224$771$469$278$161$103
41 years$1,180$734$440$256$146$92
42 years$1,139$699$413$237$133$83
43 years$1,100$666$387$218$120$74
44 years$1,063$635$363$202$109$66
45 years$1,028$605$341$186$99$59
46 years$994$577$321$172$90$53
47 years$962$551$301$159$82$48
48 years$931$526$283$147$74$43
49 years$902$502$266$136$68$38
50 years$874$480$250$125$61$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $895,000, adding $4,300 every year, while hoping to spend $26,698 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: 36/39/25 Blend
56$895,000$895,000$895,000$895,000
57$990,725$943,290$929,418$1,018,804
58$1,063,373$961,105$932,147$1,057,726
59$1,142,536$978,898$934,073$1,096,966
60$1,228,850$996,640$935,140$1,138,802
61$1,323,017$1,014,299$935,291$1,183,484
62$1,425,806$1,031,841$934,465$1,231,289
63$1,538,067$1,049,230$932,598$1,282,522
64$1,660,733$1,066,426$929,623$1,337,520
65$1,794,834$1,083,387$925,472$1,396,656
66$1,941,501$1,100,067$920,069$1,460,341
67$2,101,982$1,116,418$913,339$1,529,031
68$2,277,648$1,132,387$905,200$1,603,227
69$2,470,013$1,147,918$895,569$1,683,486
70$2,680,740$1,162,951$884,356$1,770,420
71$2,911,663$1,177,423$871,469$1,864,706
72$3,164,800$1,191,266$856,812$1,967,093
73$3,442,377$1,204,404$840,282$2,078,406
74$3,746,842$1,216,762$821,774$2,199,558
75$4,080,892$1,228,256$801,176$2,331,557
76$4,447,499$1,238,797$778,371$2,475,515
77$4,849,937$1,248,291$753,239$2,632,661
78$5,291,810$1,256,637$725,652$2,804,351
79$5,777,090$1,263,728$695,478$2,992,083
80$6,310,153$1,269,450$662,576$3,197,510
81$6,895,818$1,273,682$626,801$3,422,457
82$7,539,394$1,276,295$588,002$3,668,938
83$8,246,732$1,277,153$546,019$3,939,178
84$9,024,275$1,276,110$500,688$4,235,630
85$9,879,123$1,273,012$451,833$4,561,004
86$10,819,099$1,267,695$399,275$4,918,289
87$11,852,820$1,259,985$342,823$5,310,783
88$12,989,781$1,249,697$282,281$5,742,128
89$14,240,443$1,236,637$217,442$6,216,341
90$15,616,332$1,220,596$148,090$6,737,852
91$17,130,148$1,201,355$74,001$7,311,554
92$18,795,883$1,178,682$0$7,942,841
93$20,628,955$1,152,328$0$8,639,017
94$22,646,350$1,122,034$0$9,426,450
95$24,866,787$1,087,523$0$10,292,692
96$27,310,889$1,048,502$0$11,245,805
97$30,001,382$1,004,661$0$12,294,677
98$32,963,306$955,673$0$13,449,107
99$36,224,253$901,190$0$14,719,900
100$39,814,624$840,846$0$16,118,965