Can I retire at age 57 with 899,000?

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 $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%17.2%
1 years$74,239$73,577$72,932$72,302$71,688$69,588
2 years$36,752$36,067$35,404$34,761$34,137$32,039
3 years$24,258$23,570$22,909$22,272$21,658$19,627
4 years$18,012$17,327$16,672$16,045$15,447$13,498
5 years$14,266$13,584$12,938$12,324$11,742$9,882
6 years$11,769$11,093$10,456$9,856$9,291$7,520
7 years$9,986$9,316$8,689$8,103$7,556$5,875
8 years$8,650$7,985$7,369$6,797$6,269$4,676
9 years$7,611$6,953$6,347$5,790$5,279$3,773
10 years$6,780$6,128$5,533$4,991$4,498$3,077
11 years$6,101$5,456$4,871$4,344$3,868$2,530
12 years$5,535$4,897$4,323$3,810$3,352$2,094
13 years$5,057$4,425$3,862$3,364$2,923$1,742
14 years$4,647$4,022$3,470$2,986$2,563$1,455
15 years$4,293$3,675$3,133$2,663$2,256$1,220
16 years$3,983$3,371$2,841$2,384$1,994$1,025
17 years$3,710$3,105$2,585$2,142$1,768$864
18 years$3,467$2,869$2,360$1,931$1,572$730
19 years$3,250$2,659$2,160$1,744$1,401$617
20 years$3,055$2,471$1,983$1,580$1,252$522
21 years$2,879$2,302$1,824$1,434$1,120$443
22 years$2,719$2,148$1,681$1,304$1,004$376
23 years$2,574$2,009$1,552$1,187$901$319
24 years$2,440$1,883$1,435$1,083$810$271
25 years$2,318$1,767$1,329$989$729$231
26 years$2,205$1,660$1,233$904$657$196
27 years$2,100$1,563$1,145$828$592$167
28 years$2,004$1,473$1,064$758$534$142
29 years$1,914$1,389$990$695$482$121
30 years$1,830$1,312$923$638$436$103
31 years$1,752$1,240$860$586$394$88
32 years$1,679$1,173$802$539$356$75
33 years$1,610$1,111$749$495$323$64
34 years$1,546$1,053$700$456$292$55
35 years$1,485$999$654$420$265$46
36 years$1,428$948$612$386$240$40
37 years$1,374$901$573$356$217$34
38 years$1,323$856$537$328$197$29
39 years$1,275$814$503$303$179$25
40 years$1,229$774$471$279$162$21
41 years$1,186$737$442$258$147$18
42 years$1,145$702$415$238$133$15
43 years$1,105$669$389$219$121$13
44 years$1,068$638$365$203$110$11
45 years$1,033$608$343$187$100$9
46 years$999$580$322$173$91$8
47 years$966$553$302$160$82$7
48 years$936$528$284$148$75$6
49 years$906$505$267$136$68$5
50 years$878$482$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 $899,000, adding $5,839 every year, while hoping to spend $20,492 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: 45/30/25 Blend
56$899,000$899,000$899,000$899,000
57$996,721$949,074$935,139$1,034,149
58$1,076,583$973,775$944,663$1,085,906
59$1,163,904$999,000$953,819$1,139,560
60$1,259,424$1,024,753$962,574$1,197,343
61$1,363,956$1,051,036$970,891$1,259,651
62$1,478,397$1,077,854$978,732$1,326,920
63$1,603,732$1,105,208$986,059$1,399,629
64$1,741,050$1,133,100$992,830$1,478,307
65$1,891,548$1,161,533$999,000$1,563,538
66$2,056,542$1,190,504$1,004,523$1,655,962
67$2,237,486$1,220,016$1,009,351$1,756,287
68$2,435,978$1,250,065$1,013,433$1,865,294
69$2,653,780$1,280,650$1,016,715$1,983,839
70$2,892,832$1,311,768$1,019,141$2,112,871
71$3,155,270$1,343,414$1,020,652$2,253,433
72$3,443,450$1,375,583$1,021,185$2,406,673
73$3,759,963$1,408,268$1,020,676$2,573,860
74$4,107,667$1,441,461$1,019,057$2,756,389
75$4,489,709$1,475,153$1,016,255$2,955,800
76$4,909,555$1,509,331$1,012,196$3,173,789
77$5,371,026$1,543,985$1,006,800$3,412,226
78$5,878,328$1,579,098$999,986$3,673,173
79$6,436,098$1,614,654$991,666$3,958,899
80$7,049,444$1,650,636$981,750$4,271,909
81$7,723,991$1,687,021$970,143$4,614,963
82$8,465,942$1,723,788$956,746$4,991,102
83$9,282,125$1,760,911$941,454$5,403,678
84$10,180,067$1,798,362$924,159$5,856,388
85$11,168,062$1,836,109$904,746$6,353,304
86$12,255,245$1,874,119$883,096$6,898,915
87$13,451,684$1,912,355$859,084$7,498,171
88$14,768,472$1,950,777$832,579$8,156,526
89$16,217,831$1,989,339$803,445$8,879,991
90$17,813,228$2,027,995$771,539$9,675,193
91$19,569,502$2,066,692$736,710$10,549,437
92$21,503,006$2,105,374$698,804$11,510,772
93$23,631,755$2,143,980$657,657$12,568,073
94$25,975,603$2,182,444$613,097$13,731,119
95$28,556,426$2,220,696$564,948$15,010,691
96$31,398,329$2,258,657$513,021$16,418,670
97$34,527,875$2,296,248$457,123$17,968,152
98$37,974,332$2,333,377$397,051$19,673,573
99$41,769,953$2,369,952$332,591$21,550,840
100$45,950,277$2,405,869$263,522$23,617,490