Can I retire at age 57 with 897,000?

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 $897,000?

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$74,073$73,414$72,770$72,142$71,528$69,629
2 years$36,670$35,987$35,325$34,683$34,061$32,161
3 years$24,204$23,518$22,858$22,222$21,610$19,769
4 years$17,972$17,288$16,635$16,010$15,412$13,644
5 years$14,234$13,554$12,909$12,297$11,716$10,025
6 years$11,743$11,068$10,432$9,834$9,271$7,659
7 years$9,964$9,295$8,669$8,085$7,539$6,007
8 years$8,630$7,967$7,352$6,782$6,255$4,801
9 years$7,594$6,937$6,333$5,777$5,267$3,890
10 years$6,765$6,115$5,521$4,980$4,488$3,187
11 years$6,087$5,444$4,861$4,334$3,860$2,632
12 years$5,523$4,886$4,314$3,802$3,345$2,188
13 years$5,046$4,415$3,854$3,356$2,917$1,829
14 years$4,637$4,013$3,463$2,979$2,557$1,535
15 years$4,283$3,666$3,126$2,657$2,251$1,293
16 years$3,974$3,364$2,835$2,379$1,990$1,093
17 years$3,701$3,098$2,579$2,138$1,764$926
18 years$3,459$2,863$2,355$1,926$1,569$785
19 years$3,243$2,653$2,156$1,741$1,398$668
20 years$3,049$2,465$1,978$1,576$1,249$569
21 years$2,873$2,296$1,820$1,431$1,118$485
22 years$2,713$2,144$1,677$1,301$1,002$413
23 years$2,568$2,005$1,548$1,185$899$353
24 years$2,435$1,878$1,432$1,081$808$302
25 years$2,313$1,763$1,326$987$727$258
26 years$2,200$1,657$1,230$902$655$221
27 years$2,096$1,559$1,142$826$591$189
28 years$1,999$1,469$1,062$757$533$162
29 years$1,909$1,386$988$694$481$139
30 years$1,826$1,309$920$637$435$119
31 years$1,748$1,237$858$585$393$102
32 years$1,675$1,171$801$538$356$87
33 years$1,606$1,109$748$494$322$75
34 years$1,542$1,051$698$455$291$64
35 years$1,482$997$653$419$264$55
36 years$1,425$946$611$386$239$47
37 years$1,371$899$572$355$217$41
38 years$1,320$854$535$327$196$35
39 years$1,272$812$502$302$178$30
40 years$1,226$773$470$278$162$26
41 years$1,183$735$441$257$147$22
42 years$1,142$700$414$237$133$19
43 years$1,103$667$388$219$121$16
44 years$1,066$636$364$202$110$14
45 years$1,030$607$342$187$99$12
46 years$997$579$321$172$90$10
47 years$964$552$302$159$82$9
48 years$933$527$284$147$74$8
49 years$904$503$267$136$68$6
50 years$876$481$251$126$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $897,000, adding $3,954 every year, while hoping to spend $59,985 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: 29/47/24 Blend
56$897,000$897,000$897,000$897,000
57$992,573$945,032$931,128$1,013,845
58$1,029,991$927,515$898,497$1,013,191
59$1,069,216$907,129$862,763$1,006,934
60$1,110,369$883,670$823,758$998,971
61$1,153,580$856,923$781,307$989,193
62$1,198,991$826,659$735,227$977,489
63$1,246,759$792,636$685,328$963,742
64$1,297,051$754,598$631,409$947,829
65$1,350,052$712,275$573,263$929,624
66$1,405,961$665,380$510,671$908,997
67$1,464,996$613,610$443,405$885,811
68$1,527,394$556,646$371,228$859,926
69$1,593,416$494,150$293,892$831,196
70$1,663,344$425,763$211,137$799,472
71$1,737,488$351,108$122,693$764,599
72$1,816,186$269,786$28,277$726,419
73$1,899,808$181,376$0$684,769
74$1,988,757$85,433$0$658,044
75$2,083,478$0$0$636,447
76$2,184,453$0$0$622,214
77$2,292,215$0$0$654,262
78$2,407,344$0$0$688,589
79$2,530,478$0$0$725,397
80$2,662,316$0$0$764,905
81$2,803,623$0$0$807,358
82$2,955,241$0$0$853,021
83$3,118,092$0$0$902,185
84$3,293,189$0$0$955,172
85$3,481,642$0$0$1,012,334
86$3,684,673$0$0$1,074,058
87$3,903,622$0$0$1,140,770
88$4,139,961$0$0$1,212,937
89$4,395,310$0$0$1,291,073
90$4,671,446$0$0$1,375,742
91$4,970,325$0$0$1,467,567
92$5,294,094$0$0$1,567,231
93$5,645,116$0$0$1,675,484
94$6,025,991$0$0$1,793,153
95$6,439,574$0$0$1,921,148
96$6,889,009$0$0$2,060,469
97$7,377,753$0$0$2,212,217
98$7,909,610$0$0$2,377,602
99$8,488,765$0$0$2,557,959
100$9,119,824$0$0$2,754,754