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%12%
1 years$73,908$73,250$72,608$71,981$71,369$70,771
2 years$36,588$35,907$35,246$34,606$33,985$33,382
3 years$24,150$23,466$22,807$22,172$21,561$20,973
4 years$17,932$17,250$16,597$15,974$15,378$14,808
5 years$14,202$13,524$12,880$12,270$11,690$11,140
6 years$11,716$11,043$10,409$9,812$9,250$8,721
7 years$9,942$9,274$8,650$8,067$7,523$7,015
8 years$8,611$7,950$7,336$6,767$6,241$5,754
9 years$7,577$6,922$6,318$5,764$5,256$4,790
10 years$6,750$6,101$5,509$4,969$4,478$4,033
11 years$6,074$5,431$4,850$4,324$3,851$3,426
12 years$5,511$4,875$4,304$3,793$3,337$2,933
13 years$5,035$4,406$3,845$3,349$2,910$2,525
14 years$4,627$4,004$3,455$2,973$2,551$2,185
15 years$4,274$3,658$3,119$2,651$2,246$1,898
16 years$3,965$3,356$2,828$2,374$1,985$1,655
17 years$3,693$3,091$2,574$2,133$1,760$1,448
18 years$3,452$2,856$2,349$1,922$1,565$1,269
19 years$3,236$2,647$2,151$1,737$1,395$1,116
20 years$3,042$2,460$1,974$1,573$1,246$982
21 years$2,867$2,291$1,816$1,428$1,115$866
22 years$2,707$2,139$1,673$1,298$1,000$765
23 years$2,562$2,000$1,545$1,182$897$677
24 years$2,429$1,874$1,429$1,078$806$599
25 years$2,307$1,759$1,323$985$726$531
26 years$2,195$1,653$1,227$900$654$471
27 years$2,091$1,556$1,140$824$589$418
28 years$1,995$1,466$1,060$755$532$371
29 years$1,905$1,383$986$692$480$330
30 years$1,822$1,306$918$635$434$293
31 years$1,744$1,235$856$584$392$261
32 years$1,671$1,168$799$536$355$232
33 years$1,603$1,106$746$493$321$207
34 years$1,539$1,049$697$454$291$184
35 years$1,478$995$652$418$263$164
36 years$1,421$944$610$385$239$146
37 years$1,368$897$571$354$216$130
38 years$1,317$852$534$327$196$116
39 years$1,269$810$501$301$178$103
40 years$1,224$771$469$278$161$92
41 years$1,180$734$440$256$146$82
42 years$1,139$699$413$237$133$73
43 years$1,100$666$387$218$120$65
44 years$1,063$635$363$202$109$58
45 years$1,028$605$341$186$99$52
46 years$994$577$321$172$90$46
47 years$962$551$301$159$82$41
48 years$931$526$283$147$74$37
49 years$902$502$266$136$68$33
50 years$874$480$250$125$61$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $895,000, adding $4,687 every year, while hoping to spend $38,920 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: 44/46/10 Blend
56$895,000$895,000$895,000$895,000
57$991,125$943,690$929,817$1,031,699
58$1,050,809$948,520$919,555$1,065,182
59$1,115,276$952,282$907,646$1,097,118
60$1,184,974$954,884$893,991$1,130,852
61$1,260,393$956,224$878,491$1,166,564
62$1,342,073$956,199$861,041$1,204,455
63$1,430,607$954,696$841,529$1,244,746
64$1,526,649$951,596$819,840$1,287,686
65$1,630,916$946,773$795,853$1,333,547
66$1,744,198$940,093$769,443$1,382,637
67$1,867,362$931,414$740,475$1,435,294
68$2,001,365$920,585$708,813$1,491,893
69$2,147,257$907,447$674,311$1,552,854
70$2,306,196$891,830$636,819$1,618,639
71$2,479,454$873,556$596,178$1,689,764
72$2,668,432$852,434$552,224$1,766,799
73$2,874,671$828,263$504,783$1,850,377
74$3,099,871$800,830$453,676$1,941,199
75$3,345,898$769,911$398,714$2,040,044
76$3,614,810$735,267$339,702$2,147,774
77$3,908,871$696,646$276,432$2,265,345
78$4,230,575$653,780$208,692$2,393,814
79$4,582,667$606,389$136,256$2,534,354
80$4,968,170$554,174$58,893$2,688,262
81$5,390,415$496,819$0$2,856,977
82$5,853,066$433,992$0$3,044,613
83$6,360,161$365,341$0$3,257,277
84$6,916,148$290,493$0$3,490,655
85$7,525,924$209,056$0$3,746,931
86$8,194,884$120,615$0$4,028,522
87$8,928,969$24,732$0$4,338,096
88$9,734,724$0$0$4,678,604
89$10,619,358$0$0$5,093,323
90$11,590,814$0$0$5,562,605
91$12,657,839$0$0$6,078,172
92$13,830,071$0$0$6,644,693
93$15,118,125$0$0$7,267,317
94$16,533,699$0$0$7,951,711
95$18,089,678$0$0$8,704,121
96$19,800,257$0$0$9,531,430
97$21,681,076$0$0$10,441,218
98$23,749,367$0$0$11,441,838
99$26,024,113$0$0$12,542,494
100$28,526,230$0$0$13,753,324