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%11%
1 years$74,156$73,495$72,851$72,222$71,608$71,306
2 years$36,711$36,027$35,365$34,722$34,099$33,794
3 years$24,231$23,544$22,883$22,247$21,634$21,336
4 years$17,992$17,307$16,653$16,028$15,429$15,140
5 years$14,250$13,569$12,924$12,311$11,729$11,450
6 years$11,756$11,080$10,444$9,845$9,281$9,011
7 years$9,975$9,305$8,679$8,094$7,548$7,289
8 years$8,640$7,976$7,361$6,790$6,262$6,013
9 years$7,602$6,945$6,340$5,784$5,273$5,034
10 years$6,772$6,122$5,527$4,985$4,493$4,264
11 years$6,094$5,450$4,866$4,339$3,864$3,645
12 years$5,529$4,891$4,318$3,806$3,349$3,139
13 years$5,051$4,420$3,858$3,360$2,920$2,720
14 years$4,642$4,018$3,467$2,983$2,560$2,369
15 years$4,288$3,670$3,130$2,660$2,254$2,073
16 years$3,978$3,368$2,838$2,382$1,992$1,819
17 years$3,706$3,101$2,582$2,140$1,766$1,602
18 years$3,463$2,866$2,357$1,928$1,570$1,415
19 years$3,247$2,656$2,158$1,743$1,400$1,252
20 years$3,052$2,468$1,980$1,578$1,250$1,111
21 years$2,876$2,299$1,822$1,432$1,119$987
22 years$2,716$2,146$1,679$1,302$1,003$878
23 years$2,571$2,007$1,550$1,186$900$782
24 years$2,438$1,881$1,434$1,082$809$698
25 years$2,315$1,765$1,328$988$728$623
26 years$2,202$1,659$1,231$903$656$557
27 years$2,098$1,561$1,144$827$591$498
28 years$2,001$1,471$1,063$758$534$446
29 years$1,912$1,388$989$695$482$400
30 years$1,828$1,310$921$638$435$358
31 years$1,750$1,239$859$586$394$321
32 years$1,677$1,172$802$538$356$288
33 years$1,608$1,110$748$495$322$259
34 years$1,544$1,052$699$455$292$232
35 years$1,483$998$654$419$264$209
36 years$1,426$947$612$386$239$188
37 years$1,372$900$572$356$217$169
38 years$1,322$855$536$328$197$152
39 years$1,273$813$502$302$178$136
40 years$1,228$773$471$279$162$123
41 years$1,184$736$441$257$147$110
42 years$1,143$701$414$237$133$99
43 years$1,104$668$389$219$121$89
44 years$1,067$637$365$202$110$80
45 years$1,031$607$342$187$100$72
46 years$998$579$322$173$90$65
47 years$965$553$302$159$82$59
48 years$935$528$284$147$75$53
49 years$905$504$267$136$68$47
50 years$877$481$251$126$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $898,000, adding $2,872 every year, while hoping to spend $21,224 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: 76/13/11 Blend
56$898,000$898,000$898,000$898,000
57$992,558$944,964$931,045$1,065,739
58$1,071,217$968,686$939,653$1,138,068
59$1,157,188$992,858$947,838$1,214,359
60$1,251,194$1,017,480$955,564$1,297,391
61$1,354,031$1,042,553$962,791$1,387,827
62$1,466,578$1,068,073$969,479$1,486,396
63$1,589,799$1,094,039$975,587$1,593,901
64$1,724,757$1,120,446$981,068$1,711,229
65$1,872,625$1,147,290$985,877$1,839,353
66$2,034,691$1,174,566$989,962$1,979,349
67$2,212,377$1,202,266$993,273$2,132,398
68$2,407,246$1,230,384$995,754$2,299,803
69$2,621,022$1,258,909$997,348$2,483,001
70$2,855,602$1,287,832$997,995$2,683,572
71$3,113,077$1,317,140$997,632$2,903,258
72$3,395,750$1,346,819$996,192$3,143,980
73$3,706,158$1,376,854$993,606$3,407,851
74$4,047,095$1,407,229$989,800$3,697,201
75$4,421,639$1,437,923$984,699$4,014,597
76$4,833,181$1,468,917$978,221$4,362,867
77$5,285,457$1,500,185$970,284$4,745,128
78$5,782,584$1,531,704$960,798$5,164,814
79$6,329,094$1,563,444$949,671$5,625,706
80$6,929,984$1,595,376$936,808$6,131,975
81$7,590,758$1,627,464$922,106$6,688,214
82$8,317,479$1,659,673$905,460$7,299,485
83$9,116,827$1,691,964$886,759$7,971,364
84$9,996,165$1,724,291$865,887$8,709,998
85$10,963,602$1,756,610$842,723$9,522,159
86$12,028,075$1,788,869$817,139$10,415,311
87$13,199,428$1,821,013$789,002$11,397,676
88$14,488,511$1,852,984$758,175$12,478,317
89$15,907,277$1,884,717$724,512$13,667,220
90$17,468,896$1,916,146$687,860$14,975,389
91$19,187,881$1,947,195$648,061$16,414,951
92$21,080,223$1,977,786$604,949$17,999,270
93$23,163,543$2,007,834$558,352$19,743,070
94$25,457,255$2,037,248$508,087$21,662,581
95$27,982,752$2,065,931$453,966$23,775,685
96$30,763,610$2,093,778$395,790$26,102,089
97$33,825,803$2,120,679$333,354$28,663,510
98$37,197,956$2,146,513$266,443$31,483,880
99$40,911,609$2,171,153$194,830$34,589,573
100$45,001,518$2,194,464$118,281$38,009,652