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%17.2%
1 years$74,156$73,495$72,851$72,222$71,608$69,511
2 years$36,711$36,027$35,365$34,722$34,099$32,003
3 years$24,231$23,544$22,883$22,247$21,634$19,605
4 years$17,992$17,307$16,653$16,028$15,429$13,483
5 years$14,250$13,569$12,924$12,311$11,729$9,871
6 years$11,756$11,080$10,444$9,845$9,281$7,512
7 years$9,975$9,305$8,679$8,094$7,548$5,868
8 years$8,640$7,976$7,361$6,790$6,262$4,671
9 years$7,602$6,945$6,340$5,784$5,273$3,769
10 years$6,772$6,122$5,527$4,985$4,493$3,074
11 years$6,094$5,450$4,866$4,339$3,864$2,527
12 years$5,529$4,891$4,318$3,806$3,349$2,092
13 years$5,051$4,420$3,858$3,360$2,920$1,740
14 years$4,642$4,018$3,467$2,983$2,560$1,454
15 years$4,288$3,670$3,130$2,660$2,254$1,218
16 years$3,978$3,368$2,838$2,382$1,992$1,024
17 years$3,706$3,101$2,582$2,140$1,766$863
18 years$3,463$2,866$2,357$1,928$1,570$729
19 years$3,247$2,656$2,158$1,743$1,400$616
20 years$3,052$2,468$1,980$1,578$1,250$522
21 years$2,876$2,299$1,822$1,432$1,119$442
22 years$2,716$2,146$1,679$1,302$1,003$375
23 years$2,571$2,007$1,550$1,186$900$319
24 years$2,438$1,881$1,434$1,082$809$271
25 years$2,315$1,765$1,328$988$728$231
26 years$2,202$1,659$1,231$903$656$196
27 years$2,098$1,561$1,144$827$591$167
28 years$2,001$1,471$1,063$758$534$142
29 years$1,912$1,388$989$695$482$121
30 years$1,828$1,310$921$638$435$103
31 years$1,750$1,239$859$586$394$88
32 years$1,677$1,172$802$538$356$75
33 years$1,608$1,110$748$495$322$64
34 years$1,544$1,052$699$455$292$54
35 years$1,483$998$654$419$264$46
36 years$1,426$947$612$386$239$40
37 years$1,372$900$572$356$217$34
38 years$1,322$855$536$328$197$29
39 years$1,273$813$502$302$178$25
40 years$1,228$773$471$279$162$21
41 years$1,184$736$441$257$147$18
42 years$1,143$701$414$237$133$15
43 years$1,104$668$389$219$121$13
44 years$1,067$637$365$202$110$11
45 years$1,031$607$342$187$100$9
46 years$998$579$322$173$90$8
47 years$965$553$302$159$82$7
48 years$935$528$284$147$75$6
49 years$905$504$267$136$68$5
50 years$877$481$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $898,000, adding $5,489 every year, while hoping to spend $20,967 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: 66/15/19 Blend
56$898,000$898,000$898,000$898,000
57$995,258$947,664$933,745$1,055,882
58$1,074,465$971,791$942,717$1,121,316
59$1,161,050$996,397$951,286$1,189,902
60$1,255,740$1,021,484$959,418$1,264,375
61$1,359,342$1,047,053$967,074$1,345,314
62$1,472,739$1,073,103$974,216$1,433,354
63$1,596,908$1,099,634$980,802$1,529,197
64$1,732,921$1,126,645$986,787$1,633,614
65$1,881,961$1,154,133$992,127$1,747,456
66$2,045,330$1,182,095$996,772$1,871,660
67$2,224,463$1,210,526$1,000,672$2,007,259
68$2,420,937$1,239,421$1,003,774$2,155,390
69$2,636,494$1,268,774$1,006,022$2,317,307
70$2,873,049$1,298,576$1,007,356$2,494,389
71$3,132,713$1,328,820$1,007,716$2,688,161
72$3,417,812$1,359,493$1,007,036$2,900,296
73$3,730,905$1,390,585$1,005,248$3,132,645
74$4,074,815$1,422,082$1,002,282$3,387,242
75$4,452,650$1,453,967$998,062$3,666,330
76$4,867,833$1,486,224$992,510$3,972,383
77$5,324,137$1,518,834$985,544$4,308,125
78$5,825,717$1,551,775$977,077$4,676,557
79$6,377,151$1,585,023$967,021$5,080,990
80$6,983,484$1,618,553$955,280$5,525,067
81$7,650,273$1,652,335$941,755$6,012,808
82$8,383,640$1,686,339$926,343$6,548,641
83$9,190,331$1,720,529$908,935$7,137,445
84$10,077,778$1,754,869$889,418$7,784,598
85$11,054,172$1,789,318$867,674$8,496,027
86$12,128,534$1,823,831$843,577$9,278,262
87$13,310,806$1,858,361$816,999$10,138,503
88$14,611,943$1,892,855$787,803$11,084,680
89$16,044,014$1,927,257$755,847$12,125,536
90$17,620,318$1,961,508$720,983$13,270,706
91$19,355,509$1,995,541$683,055$14,530,806
92$21,265,735$2,029,285$641,900$15,917,538
93$23,368,786$2,062,667$597,350$17,443,797
94$25,684,267$2,095,603$549,227$19,123,795
95$28,233,782$2,128,007$497,345$20,973,193
96$31,041,133$2,159,784$441,512$23,009,251
97$34,132,551$2,190,836$381,524$25,250,992
98$37,536,937$2,221,053$317,171$27,719,380
99$41,286,141$2,250,321$248,233$30,437,516
100$45,415,258$2,278,517$174,479$33,430,862