Can I retire at age 57 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$72,257$71,613$70,985$70,372$69,774$68,731
2 years$35,771$35,104$34,459$33,833$33,226$32,177
3 years$23,610$22,941$22,297$21,677$21,080$20,059
4 years$17,531$16,864$16,227$15,617$15,034$14,048
5 years$13,885$13,222$12,593$11,995$11,429$10,481
6 years$11,455$10,797$10,177$9,593$9,043$8,134
7 years$9,719$9,067$8,457$7,887$7,355$6,485
8 years$8,419$7,772$7,172$6,616$6,101$5,271
9 years$7,407$6,767$6,177$5,635$5,138$4,346
10 years$6,599$5,965$5,385$4,858$4,378$3,624
11 years$5,938$5,310$4,741$4,228$3,765$3,049
12 years$5,387$4,766$4,208$3,708$3,263$2,583
13 years$4,922$4,307$3,759$3,274$2,845$2,201
14 years$4,523$3,915$3,378$2,906$2,494$1,884
15 years$4,178$3,576$3,050$2,592$2,196$1,620
16 years$3,877$3,281$2,765$2,321$1,941$1,397
17 years$3,611$3,022$2,516$2,085$1,721$1,208
18 years$3,375$2,792$2,297$1,879$1,530$1,047
19 years$3,164$2,588$2,103$1,698$1,364$910
20 years$2,974$2,405$1,930$1,538$1,218$791
21 years$2,802$2,240$1,775$1,396$1,090$690
22 years$2,647$2,091$1,636$1,269$977$602
23 years$2,505$1,956$1,510$1,156$877$526
24 years$2,375$1,832$1,397$1,054$788$460
25 years$2,256$1,720$1,294$963$709$402
26 years$2,146$1,616$1,200$880$639$352
27 years$2,044$1,521$1,114$806$576$309
28 years$1,950$1,433$1,036$738$520$271
29 years$1,863$1,352$964$677$469$237
30 years$1,781$1,277$898$621$424$208
31 years$1,705$1,207$837$571$383$183
32 years$1,634$1,142$781$524$347$161
33 years$1,567$1,082$729$482$314$141
34 years$1,504$1,025$681$444$284$124
35 years$1,445$972$637$408$257$109
36 years$1,390$923$596$376$233$96
37 years$1,337$877$558$347$211$84
38 years$1,288$833$522$319$192$74
39 years$1,241$792$489$295$174$65
40 years$1,196$754$459$272$158$57
41 years$1,154$717$430$251$143$50
42 years$1,114$683$403$231$130$44
43 years$1,076$651$379$214$118$39
44 years$1,040$620$355$197$107$34
45 years$1,005$592$334$182$97$30
46 years$972$564$313$168$88$27
47 years$941$539$294$155$80$23
48 years$911$514$277$144$73$21
49 years$882$491$260$133$66$18
50 years$854$469$244$123$60$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $875,000, adding $5,560 every year, while hoping to spend $57,687 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: 47/24/29 Blend
56$875,000$875,000$875,000$875,000
57$969,985$923,610$910,048$1,007,279
58$1,007,545$907,489$879,156$1,018,074
59$1,047,003$888,644$845,295$1,023,752
60$1,088,491$866,881$808,307$1,028,814
61$1,132,153$841,995$768,021$1,033,232
62$1,178,148$813,767$724,265$1,036,980
63$1,226,645$781,967$676,854$1,040,035
64$1,277,830$746,352$625,596$1,042,374
65$1,331,908$706,662$570,293$1,043,977
66$1,389,100$662,626$510,735$1,044,828
67$1,449,647$613,954$446,704$1,044,916
68$1,513,815$560,341$377,971$1,044,230
69$1,581,891$501,464$304,300$1,042,769
70$1,654,191$436,983$225,442$1,040,536
71$1,731,060$366,537$141,136$1,037,542
72$1,812,877$289,746$51,113$1,033,804
73$1,900,054$206,208$0$1,029,353
74$1,993,045$115,497$0$1,038,138
75$2,092,345$17,166$0$1,064,082
76$2,198,499$0$0$1,091,515
77$2,312,100$0$0$1,144,192
78$2,433,804$0$0$1,205,547
79$2,564,327$0$0$1,271,417
80$2,704,454$0$0$1,342,207
81$2,855,050$0$0$1,418,362
82$3,017,060$0$0$1,500,372
83$3,191,526$0$0$1,588,773
84$3,379,589$0$0$1,684,154
85$3,582,504$0$0$1,787,164
86$3,801,649$0$0$1,898,515
87$4,038,540$0$0$2,018,990
88$4,294,841$0$0$2,149,447
89$4,572,383$0$0$2,290,834
90$4,873,177$0$0$2,444,189
91$5,199,436$0$0$2,610,657
92$5,553,592$0$0$2,791,496
93$5,938,323$0$0$2,988,088
94$6,356,572$0$0$3,201,956
95$6,811,578$0$0$3,434,775
96$7,306,902$0$0$3,688,387
97$7,846,468$0$0$3,964,821
98$8,434,588$0$0$4,266,308
99$9,076,011$0$0$4,595,304
100$9,775,964$0$0$4,954,514