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%11.5%
1 years$73,991$73,332$72,689$72,061$71,448$70,998
2 years$36,629$35,947$35,286$34,645$34,023$33,569
3 years$24,177$23,492$22,832$22,197$21,586$21,142
4 years$17,952$17,269$16,616$15,992$15,395$14,965
5 years$14,218$13,539$12,895$12,283$11,703$11,287
6 years$11,729$11,056$10,421$9,823$9,260$8,860
7 years$9,953$9,285$8,660$8,076$7,531$7,146
8 years$8,621$7,959$7,344$6,775$6,248$5,879
9 years$7,585$6,929$6,326$5,771$5,261$4,908
10 years$6,757$6,108$5,515$4,974$4,483$4,145
11 years$6,080$5,437$4,855$4,329$3,856$3,532
12 years$5,517$4,880$4,309$3,797$3,341$3,033
13 years$5,040$4,410$3,850$3,352$2,914$2,619
14 years$4,632$4,009$3,459$2,976$2,554$2,274
15 years$4,279$3,662$3,123$2,654$2,249$1,983
16 years$3,970$3,360$2,831$2,376$1,987$1,735
17 years$3,697$3,094$2,576$2,135$1,762$1,522
18 years$3,456$2,859$2,352$1,924$1,567$1,340
19 years$3,239$2,650$2,153$1,739$1,397$1,181
20 years$3,045$2,463$1,976$1,575$1,247$1,044
21 years$2,870$2,294$1,818$1,429$1,116$924
22 years$2,710$2,141$1,675$1,299$1,001$819
23 years$2,565$2,003$1,547$1,183$898$727
24 years$2,432$1,876$1,430$1,079$807$646
25 years$2,310$1,761$1,325$986$726$575
26 years$2,197$1,655$1,229$901$654$512
27 years$2,093$1,557$1,141$825$590$456
28 years$1,997$1,468$1,061$756$532$407
29 years$1,907$1,384$987$693$481$363
30 years$1,824$1,308$919$636$434$324
31 years$1,746$1,236$857$584$393$289
32 years$1,673$1,170$800$537$355$259
33 years$1,605$1,108$747$494$321$231
34 years$1,540$1,050$698$454$291$207
35 years$1,480$996$652$418$264$185
36 years$1,423$945$610$385$239$165
37 years$1,369$898$571$355$216$148
38 years$1,319$853$535$327$196$133
39 years$1,271$811$501$302$178$119
40 years$1,225$772$470$278$161$106
41 years$1,182$735$440$257$146$95
42 years$1,141$700$413$237$133$85
43 years$1,102$667$388$219$121$76
44 years$1,065$635$364$202$109$68
45 years$1,029$606$342$186$99$61
46 years$995$578$321$172$90$55
47 years$963$552$301$159$82$49
48 years$932$527$283$147$74$44
49 years$903$503$266$136$68$40
50 years$875$480$250$126$61$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $896,000, adding $5,944 every year, while hoping to spend $20,161 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: 34/40/26 Blend
56$896,000$896,000$896,000$896,000
57$993,523$946,035$932,147$1,019,301
58$1,073,411$970,940$941,923$1,064,047
59$1,160,773$996,389$951,351$1,110,034
60$1,256,348$1,022,388$960,397$1,159,228
61$1,360,952$1,048,942$969,027$1,211,928
62$1,475,485$1,076,056$977,205$1,268,462
63$1,600,935$1,103,734$984,892$1,329,193
64$1,738,392$1,131,978$992,048$1,394,519
65$1,889,056$1,160,793$998,629$1,464,880
66$2,054,247$1,190,180$1,004,591$1,540,760
67$2,235,423$1,220,141$1,009,887$1,622,692
68$2,434,185$1,250,676$1,014,467$1,711,264
69$2,652,299$1,281,787$1,018,280$1,807,124
70$2,891,710$1,313,472$1,021,269$1,910,984
71$3,154,562$1,345,728$1,023,378$2,023,633
72$3,443,212$1,378,554$1,024,547$2,145,936
73$3,760,262$1,411,946$1,024,711$2,278,849
74$4,108,575$1,445,897$1,023,805$2,423,426
75$4,491,306$1,480,403$1,021,759$2,580,826
76$4,911,931$1,515,454$1,018,500$2,752,329
77$5,374,279$1,551,042$1,013,950$2,939,346
78$5,882,568$1,587,156$1,008,030$3,143,431
79$6,441,446$1,623,783$1,000,656$3,366,298
80$7,056,034$1,660,908$991,738$3,609,835
81$7,731,972$1,698,516$981,184$3,876,124
82$8,475,478$1,736,588$968,898$4,167,461
83$9,293,399$1,775,102$954,778$4,486,376
84$10,193,280$1,814,037$938,718$4,835,658
85$11,183,436$1,853,366$920,606$5,218,380
86$12,273,027$1,893,061$900,327$5,637,933
87$13,472,145$1,933,091$877,758$6,098,052
88$14,791,913$1,973,422$852,772$6,602,856
89$16,244,584$2,014,015$825,235$7,156,884
90$17,843,660$2,054,830$795,009$7,765,141
91$19,604,019$2,095,822$761,947$8,433,144
92$21,542,053$2,136,943$725,897$9,166,972
93$23,675,828$2,178,138$686,700$9,973,330
94$26,025,247$2,219,352$644,189$10,859,607
95$28,612,244$2,260,521$598,191$11,833,947
96$31,460,985$2,301,578$548,522$12,905,328
97$34,598,101$2,342,452$494,994$14,083,649
98$38,052,939$2,383,064$437,408$15,379,817
99$41,857,834$2,423,329$375,556$16,805,857
100$46,048,419$2,463,157$309,222$18,375,024