Can I retire at age 57 with 885,000?

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 $885,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$73,082$72,431$71,796$71,176$70,571$68,422
2 years$36,179$35,506$34,853$34,219$33,605$31,458
3 years$23,880$23,203$22,552$21,925$21,321$19,243
4 years$17,732$17,057$16,412$15,796$15,206$13,214
5 years$14,043$13,373$12,736$12,132$11,559$9,659
6 years$11,585$10,920$10,293$9,702$9,147$7,338
7 years$9,830$9,171$8,553$7,977$7,439$5,723
8 years$8,515$7,861$7,254$6,692$6,171$4,547
9 years$7,492$6,844$6,248$5,700$5,197$3,663
10 years$6,674$6,033$5,447$4,913$4,428$2,981
11 years$6,006$5,371$4,795$4,276$3,808$2,447
12 years$5,449$4,820$4,256$3,751$3,300$2,021
13 years$4,978$4,356$3,802$3,311$2,878$1,678
14 years$4,575$3,960$3,416$2,939$2,523$1,399
15 years$4,226$3,617$3,085$2,621$2,221$1,170
16 years$3,921$3,319$2,797$2,347$1,963$981
17 years$3,652$3,057$2,545$2,109$1,741$825
18 years$3,413$2,824$2,323$1,901$1,548$695
19 years$3,200$2,618$2,127$1,717$1,379$587
20 years$3,008$2,432$1,952$1,555$1,232$496
21 years$2,834$2,266$1,795$1,412$1,103$419
22 years$2,677$2,115$1,655$1,283$988$355
23 years$2,534$1,978$1,528$1,169$887$301
24 years$2,402$1,853$1,413$1,066$797$255
25 years$2,282$1,739$1,309$974$718$216
26 years$2,170$1,635$1,214$890$646$184
27 years$2,068$1,538$1,127$815$583$156
28 years$1,972$1,450$1,048$747$526$132
29 years$1,884$1,368$975$685$475$113
30 years$1,801$1,291$908$628$429$96
31 years$1,724$1,221$847$577$388$81
32 years$1,652$1,155$790$530$351$69
33 years$1,585$1,094$738$488$318$59
34 years$1,521$1,037$689$449$287$50
35 years$1,462$983$644$413$260$43
36 years$1,406$933$603$380$236$36
37 years$1,353$887$564$351$214$31
38 years$1,302$843$528$323$194$26
39 years$1,255$801$495$298$176$22
40 years$1,210$762$464$275$159$19
41 years$1,167$726$435$253$145$16
42 years$1,127$691$408$234$131$14
43 years$1,088$658$383$216$119$12
44 years$1,052$628$359$199$108$10
45 years$1,017$598$337$184$98$8
46 years$983$571$317$170$89$7
47 years$951$545$298$157$81$6
48 years$921$520$280$145$73$5
49 years$892$497$263$134$67$4
50 years$864$474$247$124$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $885,000, adding $5,419 every year, while hoping to spend $39,285 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: 52/25/23 Blend
56$885,000$885,000$885,000$885,000
57$980,860$933,955$920,237$1,025,338
58$1,039,108$937,920$909,266$1,060,608
59$1,101,982$940,762$896,611$1,094,471
60$1,169,910$942,386$882,174$1,130,490
61$1,243,367$942,688$865,852$1,168,885
62$1,322,870$941,560$847,538$1,209,900
63$1,408,993$938,886$827,120$1,253,806
64$1,502,362$934,544$804,481$1,300,902
65$1,603,669$928,402$779,498$1,351,522
66$1,713,674$920,324$752,041$1,406,033
67$1,833,211$910,163$721,977$1,464,845
68$1,963,201$897,763$689,166$1,528,410
69$2,104,655$882,961$653,460$1,597,230
70$2,258,684$865,581$614,705$1,671,860
71$2,426,515$845,439$572,743$1,752,916
72$2,609,493$822,339$527,404$1,841,079
73$2,809,103$796,075$478,513$1,937,102
74$3,026,976$766,428$425,888$2,041,821
75$3,264,910$733,165$369,338$2,156,159
76$3,524,882$696,042$308,662$2,281,138
77$3,809,071$654,798$243,652$2,417,888
78$4,119,873$609,160$174,092$2,567,660
79$4,459,929$558,838$99,753$2,731,837
80$4,832,145$503,524$20,398$2,911,946
81$5,239,722$442,895$0$3,109,680
82$5,686,185$376,608$0$3,342,684
83$6,175,415$304,302$0$3,603,614
84$6,711,688$225,593$0$3,889,808
85$7,299,712$140,079$0$4,203,857
86$7,944,673$47,333$0$4,548,622
87$8,652,282$0$0$4,927,255
88$9,428,830$0$0$5,357,846
89$10,281,247$0$0$5,844,890
90$11,217,168$0$0$6,379,739
91$12,245,000$0$0$6,967,212
92$13,374,008$0$0$7,612,613
93$14,614,394$0$0$8,321,791
94$15,977,402$0$0$9,101,184
95$17,475,414$0$0$9,957,888
96$19,122,077$0$0$10,899,721
97$20,932,420$0$0$11,935,293
98$22,923,004$0$0$13,074,093
99$25,112,076$0$0$14,326,575
100$27,519,737$0$0$15,704,256