Can I retire at age 57 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$72,174$71,531$70,904$70,292$69,694$68,371
2 years$35,730$35,064$34,419$33,794$33,188$31,860
3 years$23,583$22,915$22,272$21,652$21,056$19,764
4 years$17,511$16,845$16,208$15,599$15,017$13,772
5 years$13,869$13,207$12,578$11,982$11,416$10,221
6 years$11,441$10,784$10,165$9,582$9,033$7,890
7 years$9,708$9,057$8,447$7,878$7,346$6,255
8 years$8,409$7,763$7,164$6,608$6,094$5,054
9 years$7,399$6,759$6,170$5,629$5,132$4,143
10 years$6,591$5,958$5,379$4,852$4,373$3,434
11 years$5,931$5,304$4,736$4,223$3,761$2,871
12 years$5,381$4,761$4,203$3,704$3,259$2,416
13 years$4,916$4,302$3,755$3,270$2,842$2,045
14 years$4,518$3,911$3,374$2,903$2,491$1,739
15 years$4,174$3,572$3,046$2,589$2,194$1,485
16 years$3,872$3,278$2,762$2,318$1,939$1,272
17 years$3,607$3,019$2,513$2,083$1,719$1,092
18 years$3,371$2,789$2,294$1,877$1,528$940
19 years$3,160$2,585$2,100$1,696$1,362$810
20 years$2,970$2,402$1,927$1,536$1,217$700
21 years$2,799$2,238$1,773$1,394$1,089$605
22 years$2,644$2,089$1,634$1,268$976$524
23 years$2,502$1,953$1,509$1,154$876$454
24 years$2,372$1,830$1,395$1,053$788$394
25 years$2,253$1,718$1,292$962$709$342
26 years$2,144$1,614$1,199$879$638$297
27 years$2,042$1,519$1,113$805$576$258
28 years$1,948$1,432$1,035$737$519$225
29 years$1,861$1,351$963$676$469$196
30 years$1,779$1,275$897$620$424$170
31 years$1,703$1,206$836$570$383$148
32 years$1,632$1,141$780$524$346$129
33 years$1,565$1,080$728$482$314$112
34 years$1,503$1,024$681$443$284$98
35 years$1,444$971$636$408$257$85
36 years$1,388$922$595$376$233$74
37 years$1,336$876$557$346$211$65
38 years$1,286$832$522$319$191$57
39 years$1,239$791$489$294$174$49
40 years$1,195$753$458$271$157$43
41 years$1,153$717$430$250$143$38
42 years$1,113$682$403$231$130$33
43 years$1,075$650$378$213$118$29
44 years$1,038$620$355$197$107$25
45 years$1,004$591$333$182$97$22
46 years$971$564$313$168$88$19
47 years$940$538$294$155$80$17
48 years$910$514$276$143$73$14
49 years$881$490$260$133$66$13
50 years$853$469$244$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $874,000, adding $5,000 every year, while hoping to spend $31,014 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: 46/38/16 Blend
56$874,000$874,000$874,000$874,000
57$968,306$921,984$908,437$1,008,228
58$1,034,074$934,162$905,870$1,048,703
59$1,105,511$945,898$902,179$1,089,057
60$1,183,163$957,137$897,292$1,132,168
61$1,267,630$967,820$891,135$1,178,305
62$1,359,571$977,886$883,631$1,227,764
63$1,459,713$987,269$874,698$1,280,875
64$1,568,856$995,897$864,253$1,338,000
65$1,687,880$1,003,696$852,206$1,399,541
66$1,817,752$1,010,586$838,464$1,465,942
67$1,959,540$1,016,482$822,929$1,537,692
68$2,114,415$1,021,292$805,499$1,615,334
69$2,283,671$1,024,920$786,069$1,699,467
70$2,468,728$1,027,264$764,525$1,790,752
71$2,671,153$1,028,215$740,751$1,889,920
72$2,892,670$1,027,657$714,626$1,997,779
73$3,135,177$1,025,466$686,020$2,115,221
74$3,400,764$1,021,514$654,801$2,243,232
75$3,691,735$1,015,660$620,829$2,382,901
76$4,010,622$1,007,758$583,958$2,535,429
77$4,360,220$997,653$544,035$2,702,146
78$4,743,604$985,178$500,901$2,884,519
79$5,164,159$970,160$454,389$3,084,166
80$5,625,617$952,412$404,325$3,302,876
81$6,132,088$931,738$350,528$3,542,625
82$6,688,097$907,929$292,806$3,805,592
83$7,298,631$880,766$230,964$4,094,185
84$7,969,183$850,015$164,792$4,411,061
85$8,705,802$815,428$94,076$4,759,153
86$9,515,156$776,746$18,589$5,141,699
87$10,404,586$733,691$0$5,562,271
88$11,382,183$685,971$0$6,035,395
89$12,456,860$633,278$0$6,558,916
90$13,638,434$575,283$0$7,134,505
91$14,937,726$511,643$0$7,767,509
92$16,366,652$441,992$0$8,463,822
93$17,938,345$365,944$0$9,229,949
94$19,667,272$283,091$0$10,073,060
95$21,569,376$193,005$0$11,001,064
96$23,662,220$95,230$0$12,022,684
97$25,965,156$0$0$13,147,537
98$28,499,507$0$0$14,390,712
99$31,288,768$0$0$15,802,872
100$34,358,827$0$0$17,357,318