Can I retire at age 57 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$73,000$72,350$71,715$71,096$70,491$67,748
2 years$36,139$35,466$34,813$34,181$33,567$30,837
3 years$23,853$23,177$22,526$21,900$21,296$18,664
4 years$17,712$17,038$16,393$15,778$15,189$12,675
5 years$14,028$13,358$12,722$12,119$11,546$9,158
6 years$11,572$10,908$10,281$9,691$9,136$6,874
7 years$9,819$9,160$8,544$7,968$7,430$5,294
8 years$8,505$7,852$7,246$6,684$6,164$4,152
9 years$7,484$6,837$6,241$5,693$5,191$3,300
10 years$6,667$6,026$5,441$4,908$4,423$2,649
11 years$5,999$5,365$4,790$4,271$3,804$2,143
12 years$5,443$4,815$4,251$3,746$3,296$1,744
13 years$4,973$4,351$3,798$3,308$2,875$1,426
14 years$4,570$3,955$3,413$2,936$2,520$1,171
15 years$4,221$3,613$3,081$2,618$2,219$964
16 years$3,916$3,315$2,793$2,345$1,961$796
17 years$3,648$3,053$2,542$2,107$1,739$659
18 years$3,409$2,821$2,320$1,898$1,546$546
19 years$3,196$2,615$2,124$1,715$1,378$453
20 years$3,004$2,430$1,950$1,554$1,231$376
21 years$2,831$2,263$1,793$1,410$1,101$313
22 years$2,674$2,113$1,653$1,282$987$260
23 years$2,531$1,976$1,526$1,168$886$217
24 years$2,400$1,851$1,411$1,065$797$181
25 years$2,279$1,737$1,307$973$717$151
26 years$2,168$1,633$1,212$889$646$126
27 years$2,065$1,537$1,126$814$582$105
28 years$1,970$1,448$1,047$746$525$87
29 years$1,882$1,366$974$684$474$73
30 years$1,799$1,290$907$628$429$61
31 years$1,723$1,219$846$576$387$51
32 years$1,651$1,154$789$530$350$42
33 years$1,583$1,093$737$487$317$35
34 years$1,520$1,036$688$448$287$30
35 years$1,460$982$644$413$260$25
36 years$1,404$932$602$380$236$21
37 years$1,351$886$563$350$214$17
38 years$1,301$842$528$323$194$14
39 years$1,253$800$494$298$176$12
40 years$1,209$761$463$274$159$10
41 years$1,166$725$435$253$144$8
42 years$1,125$690$408$234$131$7
43 years$1,087$658$382$216$119$6
44 years$1,050$627$359$199$108$5
45 years$1,015$598$337$184$98$4
46 years$982$570$317$170$89$3
47 years$950$544$297$157$81$3
48 years$920$520$280$145$73$2
49 years$891$496$263$134$67$2
50 years$863$474$247$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $884,000, adding $6,696 every year, while hoping to spend $42,793 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: 45/33/22 Blend
56$884,000$884,000$884,000$884,000
57$981,075$934,223$920,521$1,018,734
58$1,035,613$934,468$905,827$1,046,165
59$1,094,280$933,292$889,206$1,071,171
60$1,157,452$930,578$870,550$1,097,419
61$1,225,540$926,205$849,742$1,125,046
62$1,299,000$920,044$826,663$1,154,204
63$1,378,330$911,957$801,188$1,185,064
64$1,464,076$901,800$773,184$1,217,818
65$1,556,840$889,416$742,514$1,252,680
66$1,657,284$874,645$709,035$1,289,888
67$1,766,136$857,311$672,596$1,329,710
68$1,884,194$837,232$633,041$1,372,442
69$2,012,339$814,213$590,205$1,418,417
70$2,151,537$788,049$543,916$1,468,004
71$2,302,853$758,522$493,996$1,521,614
72$2,467,456$725,401$440,257$1,579,705
73$2,646,634$688,444$382,504$1,642,789
74$2,841,805$647,392$320,532$1,711,431
75$3,054,528$601,973$254,128$1,786,263
76$3,286,518$551,898$183,070$1,867,985
77$3,539,665$496,863$107,125$1,957,375
78$3,816,047$436,546$26,050$2,055,299
79$4,117,954$370,606$0$2,162,715
80$4,447,904$298,685$0$2,294,885
81$4,808,671$220,402$0$2,446,242
82$5,203,310$135,356$0$2,612,041
83$5,635,183$43,123$0$2,793,801
84$6,107,993$0$0$2,993,205
85$6,625,816$0$0$3,232,715
86$7,193,145$0$0$3,512,383
87$7,814,922$0$0$3,819,000
88$8,496,596$0$0$4,155,264
89$9,244,164$0$0$4,524,150
90$10,064,232$0$0$4,928,931
91$10,964,078$0$0$5,373,214
92$11,951,717$0$0$5,860,972
93$13,035,979$0$0$6,396,582
94$14,226,588$0$0$6,984,865
95$15,534,259$0$0$7,631,131
96$16,970,795$0$0$8,341,231
97$18,549,196$0$0$9,121,610
98$20,283,786$0$0$9,979,370
99$22,190,346$0$0$10,922,334
100$24,286,260$0$0$11,959,119