Can I retire at age 57 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$74,156$73,495$72,851$72,222$71,608$68,821
2 years$36,711$36,027$35,365$34,722$34,099$31,325
3 years$24,231$23,544$22,883$22,247$21,634$18,960
4 years$17,992$17,307$16,653$16,028$15,429$12,876
5 years$14,250$13,569$12,924$12,311$11,729$9,303
6 years$11,756$11,080$10,444$9,845$9,281$6,983
7 years$9,975$9,305$8,679$8,094$7,548$5,378
8 years$8,640$7,976$7,361$6,790$6,262$4,218
9 years$7,602$6,945$6,340$5,784$5,273$3,352
10 years$6,772$6,122$5,527$4,985$4,493$2,691
11 years$6,094$5,450$4,866$4,339$3,864$2,177
12 years$5,529$4,891$4,318$3,806$3,349$1,772
13 years$5,051$4,420$3,858$3,360$2,920$1,449
14 years$4,642$4,018$3,467$2,983$2,560$1,190
15 years$4,288$3,670$3,130$2,660$2,254$980
16 years$3,978$3,368$2,838$2,382$1,992$809
17 years$3,706$3,101$2,582$2,140$1,766$669
18 years$3,463$2,866$2,357$1,928$1,570$554
19 years$3,247$2,656$2,158$1,743$1,400$460
20 years$3,052$2,468$1,980$1,578$1,250$382
21 years$2,876$2,299$1,822$1,432$1,119$318
22 years$2,716$2,146$1,679$1,302$1,003$265
23 years$2,571$2,007$1,550$1,186$900$220
24 years$2,438$1,881$1,434$1,082$809$184
25 years$2,315$1,765$1,328$988$728$153
26 years$2,202$1,659$1,231$903$656$128
27 years$2,098$1,561$1,144$827$591$106
28 years$2,001$1,471$1,063$758$534$89
29 years$1,912$1,388$989$695$482$74
30 years$1,828$1,310$921$638$435$62
31 years$1,750$1,239$859$586$394$52
32 years$1,677$1,172$802$538$356$43
33 years$1,608$1,110$748$495$322$36
34 years$1,544$1,052$699$455$292$30
35 years$1,483$998$654$419$264$25
36 years$1,426$947$612$386$239$21
37 years$1,372$900$572$356$217$18
38 years$1,322$855$536$328$197$15
39 years$1,273$813$502$302$178$12
40 years$1,228$773$471$279$162$10
41 years$1,184$736$441$257$147$9
42 years$1,143$701$414$237$133$7
43 years$1,104$668$389$219$121$6
44 years$1,067$637$365$202$110$5
45 years$1,031$607$342$187$100$4
46 years$998$579$322$173$90$3
47 years$965$553$302$159$82$3
48 years$935$528$284$147$75$2
49 years$905$504$267$136$68$2
50 years$877$481$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $898,000, adding $6,022 every year, while hoping to spend $22,679 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: 75/7/18 Blend
56$898,000$898,000$898,000$898,000
57$995,808$948,214$934,295$1,065,935
58$1,073,250$970,546$941,463$1,135,523
59$1,157,831$993,212$948,112$1,208,396
60$1,250,255$1,016,205$954,199$1,287,673
61$1,351,298$1,039,516$959,682$1,373,986
62$1,461,813$1,063,135$964,514$1,468,031
63$1,582,740$1,087,051$968,647$1,570,576
64$1,715,114$1,111,251$972,031$1,682,466
65$1,860,075$1,135,721$974,613$1,804,632
66$2,018,877$1,160,446$976,337$1,938,100
67$2,192,903$1,185,408$977,145$2,083,999
68$2,383,674$1,210,589$976,975$2,243,575
69$2,592,868$1,235,966$975,763$2,418,201
70$2,822,331$1,261,519$973,440$2,609,388
71$3,074,095$1,287,220$969,938$2,818,802
72$3,350,403$1,313,044$965,180$3,048,279
73$3,653,720$1,338,959$959,090$3,299,842
74$3,986,765$1,364,934$951,585$3,575,719
75$4,352,532$1,390,933$942,581$3,878,367
76$4,754,320$1,416,918$931,987$4,210,492
77$5,195,762$1,442,848$919,709$4,575,078
78$5,680,861$1,468,679$905,651$4,975,412
79$6,214,026$1,494,361$889,707$5,415,114
80$6,800,117$1,519,845$871,772$5,898,178
81$7,444,484$1,545,073$851,733$6,429,002
82$8,153,026$1,569,986$829,470$7,012,433
83$8,932,240$1,594,520$804,862$7,653,814
84$9,789,282$1,618,606$777,779$8,359,032
85$10,732,041$1,642,169$748,086$9,134,575
86$11,769,204$1,665,131$715,643$9,987,592
87$12,910,347$1,687,407$680,301$10,925,964
88$14,166,019$1,708,905$641,907$11,958,373
89$15,547,841$1,729,530$600,299$13,094,389
90$17,068,621$1,749,178$555,310$14,344,558
91$18,742,471$1,767,737$506,763$15,720,502
92$20,584,937$1,785,091$454,474$17,235,030
93$22,613,154$1,801,113$398,252$18,902,256
94$24,845,997$1,815,670$337,895$20,737,735
95$27,304,270$1,828,618$273,195$22,758,612
96$30,010,891$1,839,807$203,933$24,983,777
97$32,991,118$1,849,073$129,881$27,434,051
98$36,272,781$1,856,246$50,800$30,132,380
99$39,886,544$1,861,142$0$33,104,048
100$43,866,201$1,863,568$0$36,383,374