Can I retire at age 57 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$72,339$71,695$71,066$70,453$69,853$68,248
2 years$35,812$35,145$34,498$33,871$33,264$31,655
3 years$23,637$22,967$22,323$21,702$21,104$19,542
4 years$17,551$16,883$16,245$15,635$15,051$13,549
5 years$13,901$13,237$12,607$12,009$11,442$10,003
6 years$11,468$10,809$10,188$9,604$9,054$7,679
7 years$9,730$9,077$8,466$7,896$7,363$6,054
8 years$8,428$7,781$7,180$6,624$6,108$4,864
9 years$7,416$6,775$6,184$5,642$5,144$3,963
10 years$6,606$5,972$5,392$4,863$4,383$3,264
11 years$5,945$5,316$4,747$4,233$3,770$2,712
12 years$5,394$4,771$4,213$3,713$3,267$2,268
13 years$4,928$4,312$3,764$3,278$2,849$1,907
14 years$4,529$3,919$3,382$2,909$2,497$1,611
15 years$4,183$3,581$3,053$2,595$2,199$1,365
16 years$3,881$3,285$2,768$2,323$1,943$1,161
17 years$3,615$3,025$2,519$2,087$1,723$990
18 years$3,378$2,796$2,299$1,881$1,532$846
19 years$3,167$2,591$2,105$1,700$1,365$724
20 years$2,977$2,408$1,932$1,540$1,220$620
21 years$2,806$2,243$1,777$1,397$1,091$532
22 years$2,650$2,093$1,638$1,270$978$458
23 years$2,508$1,958$1,512$1,157$878$394
24 years$2,378$1,834$1,399$1,055$789$339
25 years$2,258$1,722$1,295$964$710$292
26 years$2,148$1,618$1,201$881$640$251
27 years$2,047$1,523$1,116$807$577$217
28 years$1,952$1,435$1,037$739$520$187
29 years$1,865$1,354$965$678$470$161
30 years$1,783$1,278$899$622$425$139
31 years$1,707$1,208$838$571$384$120
32 years$1,636$1,143$782$525$347$104
33 years$1,569$1,083$730$483$314$90
34 years$1,506$1,026$682$444$285$78
35 years$1,447$973$638$409$258$67
36 years$1,391$924$597$377$234$58
37 years$1,339$878$558$347$212$50
38 years$1,289$834$523$320$192$43
39 years$1,242$793$490$295$174$37
40 years$1,198$754$459$272$158$32
41 years$1,155$718$431$251$143$28
42 years$1,115$684$404$232$130$24
43 years$1,077$652$379$214$118$21
44 years$1,041$621$356$197$107$18
45 years$1,006$592$334$182$97$16
46 years$973$565$314$168$88$14
47 years$942$539$295$156$80$12
48 years$912$515$277$144$73$10
49 years$883$492$260$133$66$9
50 years$855$470$245$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $876,000, adding $5,128 every year, while hoping to spend $24,270 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: 55/20/25 Blend
56$876,000$876,000$876,000$876,000
57$970,642$924,214$910,636$1,017,098
58$1,043,824$943,677$915,319$1,069,059
59$1,123,657$963,281$919,345$1,122,659
60$1,210,795$983,006$922,668$1,180,532
61$1,305,955$1,002,832$925,236$1,243,096
62$1,409,929$1,022,737$926,998$1,310,812
63$1,523,587$1,042,696$927,898$1,384,189
64$1,647,888$1,062,684$927,878$1,463,787
65$1,783,888$1,082,671$926,877$1,550,224
66$1,932,750$1,102,627$924,833$1,644,183
67$2,095,753$1,122,518$921,677$1,746,414
68$2,274,307$1,142,309$917,340$1,857,747
69$2,469,964$1,161,960$911,749$1,979,095
70$2,684,434$1,181,430$904,827$2,111,467
71$2,919,600$1,200,674$896,492$2,255,973
72$3,177,536$1,219,643$886,661$2,413,837
73$3,460,525$1,238,286$875,245$2,586,412
74$3,771,084$1,256,548$862,151$2,775,186
75$4,111,984$1,274,368$847,282$2,981,802
76$4,486,277$1,291,683$830,537$3,208,070
77$4,897,327$1,308,425$811,810$3,455,986
78$5,348,837$1,324,521$790,989$3,727,753
79$5,844,890$1,339,893$767,957$4,025,797
80$6,389,979$1,354,458$742,595$4,352,794
81$6,989,058$1,368,128$714,773$4,711,695
82$7,647,583$1,380,808$684,359$5,105,752
83$8,371,565$1,392,396$651,214$5,538,552
84$9,167,628$1,402,786$615,192$6,014,050
85$10,043,066$1,411,863$576,142$6,536,603
86$11,005,921$1,419,506$533,904$7,111,019
87$12,065,048$1,425,585$488,313$7,742,596
88$13,230,206$1,429,962$439,195$8,437,174
89$14,512,148$1,432,491$386,369$9,201,194
90$15,922,721$1,433,017$329,646$10,041,755
91$17,474,977$1,431,374$268,828$10,966,682
92$19,183,301$1,427,387$203,709$11,984,603
93$21,063,538$1,420,869$134,074$13,105,029
94$23,133,151$1,411,624$59,697$14,338,444
95$25,411,380$1,399,441$0$15,696,404
96$27,919,426$1,384,099$0$17,196,899
97$30,680,649$1,365,361$0$18,866,059
98$33,720,790$1,342,979$0$20,703,491
99$37,068,213$1,316,688$0$22,726,330
100$40,754,173$1,286,207$0$24,953,461