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%13.3%
1 years$74,239$73,577$72,932$72,302$71,688$70,704
2 years$36,752$36,067$35,404$34,761$34,137$33,148
3 years$24,258$23,570$22,909$22,272$21,658$20,694
4 years$18,012$17,327$16,672$16,045$15,447$14,515
5 years$14,266$13,584$12,938$12,324$11,742$10,846
6 years$11,769$11,093$10,456$9,856$9,291$8,431
7 years$9,986$9,316$8,689$8,103$7,556$6,733
8 years$8,650$7,985$7,369$6,797$6,269$5,482
9 years$7,611$6,953$6,347$5,790$5,279$4,528
10 years$6,780$6,128$5,533$4,991$4,498$3,783
11 years$6,101$5,456$4,871$4,344$3,868$3,188
12 years$5,535$4,897$4,323$3,810$3,352$2,706
13 years$5,057$4,425$3,862$3,364$2,923$2,311
14 years$4,647$4,022$3,470$2,986$2,563$1,982
15 years$4,293$3,675$3,133$2,663$2,256$1,707
16 years$3,983$3,371$2,841$2,384$1,994$1,475
17 years$3,710$3,105$2,585$2,142$1,768$1,279
18 years$3,467$2,869$2,360$1,931$1,572$1,111
19 years$3,250$2,659$2,160$1,744$1,401$967
20 years$3,055$2,471$1,983$1,580$1,252$843
21 years$2,879$2,302$1,824$1,434$1,120$737
22 years$2,719$2,148$1,681$1,304$1,004$644
23 years$2,574$2,009$1,552$1,187$901$564
24 years$2,440$1,883$1,435$1,083$810$494
25 years$2,318$1,767$1,329$989$729$434
26 years$2,205$1,660$1,233$904$657$381
27 years$2,100$1,563$1,145$828$592$334
28 years$2,004$1,473$1,064$758$534$294
29 years$1,914$1,389$990$695$482$258
30 years$1,830$1,312$923$638$436$227
31 years$1,752$1,240$860$586$394$200
32 years$1,679$1,173$802$539$356$176
33 years$1,610$1,111$749$495$323$155
34 years$1,546$1,053$700$456$292$137
35 years$1,485$999$654$420$265$120
36 years$1,428$948$612$386$240$106
37 years$1,374$901$573$356$217$94
38 years$1,323$856$537$328$197$82
39 years$1,275$814$503$303$179$73
40 years$1,229$774$471$279$162$64
41 years$1,186$737$442$258$147$57
42 years$1,145$702$415$238$133$50
43 years$1,105$669$389$219$121$44
44 years$1,068$638$365$203$110$39
45 years$1,033$608$343$187$100$34
46 years$999$580$322$173$91$30
47 years$966$553$302$160$82$27
48 years$936$528$284$148$75$24
49 years$906$505$267$136$68$21
50 years$878$482$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $899,000, adding $4,552 every year, while hoping to spend $51,919 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: 41/46/13 Blend
56$899,000$899,000$899,000$899,000
57$995,393$947,746$933,812$1,032,204
58$1,041,682$938,945$909,853$1,049,770
59$1,090,952$927,971$883,352$1,063,295
60$1,143,453$914,665$854,168$1,076,798
61$1,199,457$898,856$822,154$1,090,299
62$1,259,264$880,362$787,159$1,103,827
63$1,323,201$858,993$749,021$1,117,415
64$1,391,628$834,544$707,574$1,131,105
65$1,464,939$806,801$662,642$1,144,948
66$1,543,565$775,536$614,043$1,159,005
67$1,627,981$740,510$561,585$1,173,350
68$1,718,707$701,467$505,070$1,188,067
69$1,816,314$658,138$444,289$1,203,256
70$1,921,429$610,238$379,024$1,219,036
71$2,034,742$557,466$309,048$1,235,540
72$2,157,008$499,505$234,124$1,252,926
73$2,289,060$436,017$154,004$1,271,374
74$2,431,809$366,647$68,428$1,291,090
75$2,586,261$291,020$0$1,312,312
76$2,753,519$208,739$0$1,338,483
77$2,934,796$119,386$0$1,377,071
78$3,131,426$22,517$0$1,418,964
79$3,344,878$0$0$1,464,598
80$3,576,763$0$0$1,556,142
81$3,828,858$0$0$1,668,156
82$4,103,116$0$0$1,790,124
83$4,401,685$0$0$1,923,016
84$4,726,930$0$0$2,067,897
85$5,081,453$0$0$2,225,941
86$5,468,116$0$0$2,398,439
87$5,890,072$0$0$2,586,814
88$6,350,791$0$0$2,792,631
89$6,854,091$0$0$3,017,614
90$7,404,176$0$0$3,263,658
91$8,005,675$0$0$3,532,854
92$8,663,684$0$0$3,827,501
93$9,383,816$0$0$4,150,133
94$10,172,249$0$0$4,503,539
95$11,035,787$0$0$4,890,789
96$11,981,925$0$0$5,315,268
97$13,018,914$0$0$5,780,700
98$14,155,843$0$0$6,291,190
99$15,402,722$0$0$6,851,257
100$16,770,576$0$0$7,465,879