Can I retire at age 57 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,239$73,577$72,932$72,302$71,688$71,206
2 years$36,752$36,067$35,404$34,761$34,137$33,651
3 years$24,258$23,570$22,909$22,272$21,658$21,183
4 years$18,012$17,327$16,672$16,045$15,447$14,986
5 years$14,266$13,584$12,938$12,324$11,742$11,298
6 years$11,769$11,093$10,456$9,856$9,291$8,863
7 years$9,986$9,316$8,689$8,103$7,556$7,145
8 years$8,650$7,985$7,369$6,797$6,269$5,874
9 years$7,611$6,953$6,347$5,790$5,279$4,901
10 years$6,780$6,128$5,533$4,991$4,498$4,137
11 years$6,101$5,456$4,871$4,344$3,868$3,523
12 years$5,535$4,897$4,323$3,810$3,352$3,023
13 years$5,057$4,425$3,862$3,364$2,923$2,610
14 years$4,647$4,022$3,470$2,986$2,563$2,264
15 years$4,293$3,675$3,133$2,663$2,256$1,972
16 years$3,983$3,371$2,841$2,384$1,994$1,725
17 years$3,710$3,105$2,585$2,142$1,768$1,513
18 years$3,467$2,869$2,360$1,931$1,572$1,330
19 years$3,250$2,659$2,160$1,744$1,401$1,172
20 years$3,055$2,471$1,983$1,580$1,252$1,035
21 years$2,879$2,302$1,824$1,434$1,120$916
22 years$2,719$2,148$1,681$1,304$1,004$811
23 years$2,574$2,009$1,552$1,187$901$719
24 years$2,440$1,883$1,435$1,083$810$639
25 years$2,318$1,767$1,329$989$729$568
26 years$2,205$1,660$1,233$904$657$505
27 years$2,100$1,563$1,145$828$592$450
28 years$2,004$1,473$1,064$758$534$401
29 years$1,914$1,389$990$695$482$357
30 years$1,830$1,312$923$638$436$319
31 years$1,752$1,240$860$586$394$285
32 years$1,679$1,173$802$539$356$254
33 years$1,610$1,111$749$495$323$227
34 years$1,546$1,053$700$456$292$203
35 years$1,485$999$654$420$265$181
36 years$1,428$948$612$386$240$162
37 years$1,374$901$573$356$217$145
38 years$1,323$856$537$328$197$130
39 years$1,275$814$503$303$179$116
40 years$1,229$774$471$279$162$104
41 years$1,186$737$442$258$147$93
42 years$1,145$702$415$238$133$83
43 years$1,105$669$389$219$121$74
44 years$1,068$638$365$203$110$67
45 years$1,033$608$343$187$100$60
46 years$999$580$322$173$91$53
47 years$966$553$302$160$82$48
48 years$936$528$284$148$75$43
49 years$906$505$267$136$68$38
50 years$878$482$251$126$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $899,000, adding $2,356 every year, while hoping to spend $59,429 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: 78/16/6 Blend
56$899,000$899,000$899,000$899,000
57$993,128$945,481$931,547$1,069,891
58$1,031,195$928,578$899,522$1,103,660
59$1,071,153$908,854$864,432$1,132,698
60$1,113,133$886,110$826,112$1,162,772
61$1,157,275$860,132$784,389$1,193,956
62$1,203,733$830,694$739,082$1,226,335
63$1,252,675$797,560$690,003$1,260,001
64$1,304,284$760,476$636,954$1,295,056
65$1,358,757$719,176$579,728$1,331,613
66$1,416,312$673,377$518,111$1,369,798
67$1,477,185$622,781$451,876$1,409,751
68$1,541,633$567,073$380,790$1,451,626
69$1,609,939$505,920$304,606$1,495,594
70$1,682,411$438,968$223,068$1,541,845
71$1,759,386$365,845$135,909$1,590,590
72$1,841,230$286,159$42,850$1,642,061
73$1,928,348$199,493$0$1,696,519
74$2,021,181$105,410$0$1,757,864
75$2,120,210$3,444$0$1,825,961
76$2,225,967$0$0$1,898,439
77$2,339,029$0$0$1,994,528
78$2,460,033$0$0$2,098,034
79$2,589,676$0$0$2,208,949
80$2,728,722$0$0$2,327,931
81$2,878,011$0$0$2,455,700
82$3,038,461$0$0$2,593,046
83$3,211,085$0$0$2,740,838
84$3,396,992$0$0$2,900,029
85$3,597,400$0$0$3,071,665
86$3,813,648$0$0$3,256,897
87$4,047,206$0$0$3,456,988
88$4,299,692$0$0$3,673,326
89$4,572,880$0$0$3,907,439
90$4,868,725$0$0$4,161,003
91$5,189,372$0$0$4,435,864
92$5,537,182$0$0$4,734,049
93$5,914,751$0$0$5,057,789
94$6,324,934$0$0$5,409,539
95$6,770,873$0$0$5,791,996
96$7,256,023$0$0$6,208,130
97$7,784,186$0$0$6,661,209
98$8,359,545$0$0$7,154,826
99$8,986,703$0$0$7,692,940
100$9,670,729$0$0$8,279,902