Can I retire at age 57 with 898,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$74,156$73,495$72,851$72,222$71,608$69,877
2 years$36,711$36,027$35,365$34,722$34,099$32,365
3 years$24,231$23,544$22,883$22,247$21,634$19,952
4 years$17,992$17,307$16,653$16,028$15,429$13,812
5 years$14,250$13,569$12,924$12,311$11,729$10,181
6 years$11,756$11,080$10,444$9,845$9,281$7,803
7 years$9,975$9,305$8,679$8,094$7,548$6,141
8 years$8,640$7,976$7,361$6,790$6,262$4,925
9 years$7,602$6,945$6,340$5,784$5,273$4,006
10 years$6,772$6,122$5,527$4,985$4,493$3,293
11 years$6,094$5,450$4,866$4,339$3,864$2,731
12 years$5,529$4,891$4,318$3,806$3,349$2,279
13 years$5,051$4,420$3,858$3,360$2,920$1,913
14 years$4,642$4,018$3,467$2,983$2,560$1,612
15 years$4,288$3,670$3,130$2,660$2,254$1,364
16 years$3,978$3,368$2,838$2,382$1,992$1,157
17 years$3,706$3,101$2,582$2,140$1,766$984
18 years$3,463$2,866$2,357$1,928$1,570$839
19 years$3,247$2,656$2,158$1,743$1,400$717
20 years$3,052$2,468$1,980$1,578$1,250$613
21 years$2,876$2,299$1,822$1,432$1,119$525
22 years$2,716$2,146$1,679$1,302$1,003$450
23 years$2,571$2,007$1,550$1,186$900$386
24 years$2,438$1,881$1,434$1,082$809$332
25 years$2,315$1,765$1,328$988$728$285
26 years$2,202$1,659$1,231$903$656$245
27 years$2,098$1,561$1,144$827$591$211
28 years$2,001$1,471$1,063$758$534$181
29 years$1,912$1,388$989$695$482$156
30 years$1,828$1,310$921$638$435$134
31 years$1,750$1,239$859$586$394$116
32 years$1,677$1,172$802$538$356$100
33 years$1,608$1,110$748$495$322$86
34 years$1,544$1,052$699$455$292$74
35 years$1,483$998$654$419$264$64
36 years$1,426$947$612$386$239$55
37 years$1,372$900$572$356$217$47
38 years$1,322$855$536$328$197$41
39 years$1,273$813$502$302$178$35
40 years$1,228$773$471$279$162$30
41 years$1,184$736$441$257$147$26
42 years$1,143$701$414$237$133$23
43 years$1,104$668$389$219$121$20
44 years$1,067$637$365$202$110$17
45 years$1,031$607$342$187$100$15
46 years$998$579$322$173$90$13
47 years$965$553$302$159$82$11
48 years$935$528$284$147$75$9
49 years$905$504$267$136$68$8
50 years$877$481$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $898,000, adding $6,425 every year, while hoping to spend $45,299 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: 47/26/27 Blend
56$898,000$898,000$898,000$898,000
57$996,223$948,629$934,710$1,035,077
58$1,049,640$946,914$917,825$1,061,387
59$1,106,988$943,597$898,857$1,084,998
60$1,168,618$938,551$877,686$1,109,744
61$1,234,920$931,643$854,191$1,135,757
62$1,306,318$922,730$828,243$1,163,181
63$1,383,280$911,661$799,707$1,192,181
64$1,466,319$898,277$768,441$1,222,939
65$1,556,000$882,409$734,300$1,255,661
66$1,652,941$863,876$697,129$1,290,575
67$1,757,825$842,490$656,766$1,327,938
68$1,871,400$818,048$613,044$1,368,037
69$1,994,489$790,339$565,788$1,411,190
70$2,127,998$759,137$514,813$1,457,754
71$2,272,922$724,203$459,927$1,508,126
72$2,430,356$685,285$400,931$1,562,748
73$2,601,504$642,116$337,614$1,622,114
74$2,787,692$594,414$269,759$1,686,773
75$2,990,378$541,881$197,137$1,757,333
76$3,211,165$484,202$119,510$1,834,474
77$3,451,820$421,044$36,629$1,918,950
78$3,714,284$352,053$0$2,011,599
79$4,000,696$276,860$0$2,128,281
80$4,313,411$195,069$0$2,267,331
81$4,655,019$106,267$0$2,419,415
82$5,028,372$10,016$0$2,585,889
83$5,436,611$0$0$2,768,254
84$5,883,195$0$0$2,995,103
85$6,371,929$0$0$3,246,599
86$6,907,006$0$0$3,522,046
87$7,493,044$0$0$3,823,834
88$8,135,125$0$0$4,154,594
89$8,838,849$0$0$4,517,226
90$9,610,382$0$0$4,914,919
91$10,456,515$0$0$5,351,191
92$11,384,729$0$0$5,829,913
93$12,403,263$0$0$6,355,352
94$13,521,192$0$0$6,932,205
95$14,748,513$0$0$7,565,648
96$16,096,237$0$0$8,261,383
97$17,576,496$0$0$9,025,690
98$19,202,652$0$0$9,865,488
99$20,989,426$0$0$10,788,399
100$22,953,037$0$0$11,802,822