Can I retire at age 57 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$73,991$73,332$72,689$72,061$71,448$68,996
2 years$36,629$35,947$35,286$34,645$34,023$31,577
3 years$24,177$23,492$22,832$22,197$21,586$19,223
4 years$17,952$17,269$16,616$15,992$15,395$13,134
5 years$14,218$13,539$12,895$12,283$11,703$9,549
6 years$11,729$11,056$10,421$9,823$9,260$7,216
7 years$9,953$9,285$8,660$8,076$7,531$5,595
8 years$8,621$7,959$7,344$6,775$6,248$4,419
9 years$7,585$6,929$6,326$5,771$5,261$3,538
10 years$6,757$6,108$5,515$4,974$4,483$2,862
11 years$6,080$5,437$4,855$4,329$3,856$2,334
12 years$5,517$4,880$4,309$3,797$3,341$1,915
13 years$5,040$4,410$3,850$3,352$2,914$1,579
14 years$4,632$4,009$3,459$2,976$2,554$1,307
15 years$4,279$3,662$3,123$2,654$2,249$1,086
16 years$3,970$3,360$2,831$2,376$1,987$904
17 years$3,697$3,094$2,576$2,135$1,762$755
18 years$3,456$2,859$2,352$1,924$1,567$631
19 years$3,239$2,650$2,153$1,739$1,397$528
20 years$3,045$2,463$1,976$1,575$1,247$443
21 years$2,870$2,294$1,818$1,429$1,116$372
22 years$2,710$2,141$1,675$1,299$1,001$312
23 years$2,565$2,003$1,547$1,183$898$263
24 years$2,432$1,876$1,430$1,079$807$221
25 years$2,310$1,761$1,325$986$726$186
26 years$2,197$1,655$1,229$901$654$157
27 years$2,093$1,557$1,141$825$590$132
28 years$1,997$1,468$1,061$756$532$111
29 years$1,907$1,384$987$693$481$94
30 years$1,824$1,308$919$636$434$79
31 years$1,746$1,236$857$584$393$67
32 years$1,673$1,170$800$537$355$56
33 years$1,605$1,108$747$494$321$47
34 years$1,540$1,050$698$454$291$40
35 years$1,480$996$652$418$264$34
36 years$1,423$945$610$385$239$28
37 years$1,369$898$571$355$216$24
38 years$1,319$853$535$327$196$20
39 years$1,271$811$501$302$178$17
40 years$1,225$772$470$278$161$14
41 years$1,182$735$440$257$146$12
42 years$1,141$700$413$237$133$10
43 years$1,102$667$388$219$121$9
44 years$1,065$635$364$202$109$7
45 years$1,029$606$342$186$99$6
46 years$995$578$321$172$90$5
47 years$963$552$301$159$82$4
48 years$932$527$283$147$74$4
49 years$903$503$266$136$68$3
50 years$875$480$250$126$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $896,000, adding $6,039 every year, while hoping to spend $46,179 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: 66/22/12 Blend
56$896,000$896,000$896,000$896,000
57$993,621$946,133$932,245$1,056,135
58$1,045,836$943,360$914,341$1,095,798
59$1,101,830$938,902$894,290$1,133,135
60$1,161,938$932,630$871,970$1,172,768
61$1,226,531$924,404$847,256$1,214,920
62$1,296,013$914,076$820,016$1,259,833
63$1,370,831$901,490$790,110$1,307,780
64$1,451,473$886,480$757,396$1,359,059
65$1,538,475$868,870$721,721$1,414,003
66$1,632,429$848,474$682,928$1,472,977
67$1,733,983$825,095$640,852$1,536,389
68$1,843,849$798,525$595,321$1,604,686
69$1,962,811$768,542$546,154$1,678,365
70$2,091,730$734,913$493,162$1,757,977
71$2,231,554$697,391$436,150$1,844,127
72$2,383,323$655,714$374,912$1,937,489
73$2,548,183$609,605$309,232$2,038,805
74$2,727,395$558,772$238,889$2,148,897
75$2,922,344$502,907$163,646$2,268,671
76$3,134,555$441,682$83,261$2,399,133
77$3,365,707$374,752$0$2,541,392
78$3,617,647$301,752$0$2,696,997
79$3,892,407$222,298$0$2,878,378
80$4,192,223$135,981$0$3,076,397
81$4,519,559$42,373$0$3,292,743
82$4,877,125$0$0$3,529,285
83$5,267,904$0$0$3,802,360
84$5,695,182$0$0$4,112,212
85$6,162,575$0$0$4,451,211
86$6,674,068$0$0$4,822,255
87$7,234,044$0$0$5,228,531
88$7,847,333$0$0$5,673,551
89$8,519,253$0$0$6,161,182
90$9,255,661$0$0$6,695,682
91$10,063,008$0$0$7,281,743
92$10,948,396$0$0$7,924,529
93$11,919,652$0$0$8,629,731
94$12,985,392$0$0$9,403,616
95$14,155,112$0$0$10,253,088
96$15,439,267$0$0$11,185,750
97$16,849,376$0$0$12,209,979
98$18,398,128$0$0$13,335,003
99$20,099,502$0$0$14,570,987
100$21,968,896$0$0$15,929,129