Can I retire at age 57 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$72,504$71,859$71,228$70,613$70,013$69,630
2 years$35,893$35,225$34,577$33,949$33,340$32,953
3 years$23,691$23,020$22,374$21,751$21,152$20,774
4 years$17,591$16,922$16,282$15,671$15,086$14,719
5 years$13,932$13,267$12,636$12,037$11,468$11,114
6 years$11,494$10,834$10,212$9,626$9,074$8,733
7 years$9,753$9,098$8,486$7,914$7,380$7,052
8 years$8,447$7,799$7,197$6,639$6,122$5,807
9 years$7,433$6,790$6,198$5,655$5,156$4,854
10 years$6,622$5,985$5,404$4,874$4,393$4,104
11 years$5,958$5,328$4,758$4,242$3,778$3,502
12 years$5,406$4,782$4,222$3,721$3,274$3,010
13 years$4,939$4,322$3,772$3,285$2,855$2,604
14 years$4,539$3,928$3,389$2,916$2,503$2,263
15 years$4,193$3,589$3,060$2,601$2,204$1,976
16 years$3,890$3,293$2,775$2,329$1,948$1,731
17 years$3,623$3,032$2,525$2,092$1,727$1,521
18 years$3,386$2,802$2,305$1,886$1,535$1,341
19 years$3,174$2,597$2,110$1,704$1,369$1,184
20 years$2,984$2,413$1,936$1,543$1,222$1,048
21 years$2,812$2,248$1,781$1,400$1,094$929
22 years$2,656$2,098$1,642$1,273$981$825
23 years$2,514$1,962$1,516$1,160$880$733
24 years$2,383$1,839$1,402$1,058$791$653
25 years$2,264$1,725$1,298$966$712$581
26 years$2,153$1,622$1,204$883$641$518
27 years$2,051$1,526$1,118$808$578$463
28 years$1,957$1,438$1,039$741$522$413
29 years$1,869$1,357$967$679$471$369
30 years$1,787$1,281$901$623$426$330
31 years$1,711$1,211$840$572$385$295
32 years$1,639$1,146$784$526$348$264
33 years$1,572$1,085$732$484$315$237
34 years$1,509$1,029$684$445$285$212
35 years$1,450$976$639$410$258$190
36 years$1,394$926$598$377$234$170
37 years$1,342$880$560$348$212$153
38 years$1,292$836$524$321$192$137
39 years$1,245$795$491$296$174$123
40 years$1,200$756$460$273$158$110
41 years$1,158$720$432$251$144$99
42 years$1,118$686$405$232$130$89
43 years$1,080$653$380$214$118$80
44 years$1,043$623$357$198$107$71
45 years$1,009$594$335$183$97$64
46 years$975$566$314$169$88$58
47 years$944$541$295$156$80$52
48 years$914$516$278$144$73$46
49 years$885$493$261$133$66$42
50 years$857$471$245$123$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $878,000, adding $5,667 every year, while hoping to spend $49,969 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: 75/8/17 Blend
56$878,000$878,000$878,000$878,000
57$973,402$926,868$913,259$1,042,251
58$1,019,522$919,117$890,686$1,080,835
59$1,068,672$909,313$865,683$1,116,385
60$1,121,107$897,300$838,114$1,154,021
61$1,177,109$882,917$807,840$1,193,934
62$1,236,986$865,991$774,714$1,236,339
63$1,301,074$846,340$738,582$1,281,474
64$1,369,743$823,770$699,284$1,329,599
65$1,443,399$798,077$656,652$1,381,003
66$1,522,487$769,044$610,512$1,436,005
67$1,607,495$736,443$560,679$1,494,958
68$1,698,961$700,029$506,963$1,558,252
69$1,797,472$659,548$449,163$1,626,316
70$1,903,676$614,728$387,072$1,699,626
71$2,018,283$565,281$320,471$1,778,707
72$2,142,073$510,906$249,132$1,864,138
73$2,275,905$451,280$172,818$1,956,561
74$2,420,721$386,066$91,281$2,056,682
75$2,577,557$314,906$4,261$2,165,283
76$2,747,553$237,421$0$2,283,227
77$2,931,961$153,213$0$2,427,538
78$3,132,161$61,860$0$2,585,066
79$3,349,666$0$0$2,756,252
80$3,586,145$0$0$2,945,699
81$3,843,432$0$0$3,157,771
82$4,123,543$0$0$3,388,691
83$4,428,701$0$0$3,640,292
84$4,761,349$0$0$3,914,594
85$5,124,175$0$0$4,213,820
86$5,520,141$0$0$4,540,414
87$5,952,504$0$0$4,897,069
88$6,424,851$0$0$5,286,750
89$6,941,131$0$0$5,712,719
90$7,505,692$0$0$6,178,568
91$8,123,319$0$0$6,688,254
92$8,799,284$0$0$7,246,130
93$9,539,391$0$0$7,856,994
94$10,350,029$0$0$8,526,126
95$11,238,237$0$0$9,259,343
96$12,211,767$0$0$10,063,049
97$13,279,154$0$0$10,944,301
98$14,449,801$0$0$11,910,867
99$15,734,064$0$0$12,971,305
100$17,143,348$0$0$14,135,042