Can I retire at age 57 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$73,165$72,513$71,877$71,257$70,651$69,826
2 years$36,220$35,546$34,892$34,258$33,643$32,813
3 years$23,907$23,230$22,577$21,950$21,345$20,535
4 years$17,752$17,076$16,431$15,813$15,223$14,440
5 years$14,059$13,388$12,751$12,146$11,572$10,818
6 years$11,599$10,932$10,305$9,713$9,157$8,432
7 years$9,842$9,181$8,563$7,986$7,447$6,753
8 years$8,524$7,870$7,262$6,699$6,178$5,514
9 years$7,501$6,852$6,255$5,706$5,203$4,568
10 years$6,682$6,040$5,453$4,919$4,433$3,828
11 years$6,013$5,377$4,801$4,281$3,813$3,236
12 years$5,455$4,826$4,261$3,755$3,304$2,756
13 years$4,984$4,361$3,807$3,315$2,881$2,360
14 years$4,580$3,964$3,420$2,943$2,526$2,032
15 years$4,231$3,621$3,088$2,624$2,224$1,756
16 years$3,925$3,323$2,800$2,350$1,965$1,523
17 years$3,656$3,060$2,548$2,111$1,743$1,324
18 years$3,417$2,828$2,326$1,903$1,549$1,155
19 years$3,203$2,621$2,129$1,719$1,381$1,009
20 years$3,011$2,435$1,954$1,557$1,234$883
21 years$2,838$2,268$1,797$1,413$1,104$774
22 years$2,680$2,117$1,656$1,285$989$680
23 years$2,536$1,980$1,529$1,170$888$597
24 years$2,405$1,855$1,414$1,067$798$526
25 years$2,284$1,741$1,310$975$718$463
26 years$2,173$1,636$1,215$891$647$408
27 years$2,070$1,540$1,128$816$583$360
28 years$1,975$1,451$1,049$747$526$317
29 years$1,886$1,369$976$685$475$280
30 years$1,804$1,293$909$629$430$248
31 years$1,726$1,222$848$578$388$219
32 years$1,654$1,156$791$531$351$193
33 years$1,587$1,095$738$488$318$171
34 years$1,523$1,038$690$449$288$151
35 years$1,463$985$645$414$261$134
36 years$1,407$934$603$381$236$119
37 years$1,354$888$565$351$214$105
38 years$1,304$843$529$323$194$93
39 years$1,256$802$496$298$176$82
40 years$1,211$763$464$275$160$73
41 years$1,169$726$435$254$145$65
42 years$1,128$692$409$234$131$57
43 years$1,089$659$383$216$119$51
44 years$1,053$628$360$200$108$45
45 years$1,018$599$338$184$98$40
46 years$984$572$317$170$89$35
47 years$952$545$298$157$81$31
48 years$922$521$280$145$74$28
49 years$893$497$263$134$67$25
50 years$865$475$248$124$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $886,000, adding $4,435 every year, while hoping to spend $59,166 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: 54/19/27 Blend
56$886,000$886,000$886,000$886,000
57$980,947$933,989$920,256$1,026,352
58$1,018,051$916,802$888,132$1,041,001
59$1,056,957$896,790$852,949$1,050,493
60$1,097,786$873,752$814,543$1,059,631
61$1,140,670$847,476$772,739$1,068,403
62$1,185,751$817,735$727,359$1,076,799
63$1,233,186$784,292$678,214$1,084,812
64$1,283,144$746,895$625,107$1,092,438
65$1,335,809$705,277$567,832$1,099,676
66$1,391,381$659,156$506,174$1,106,530
67$1,450,081$608,233$439,910$1,113,007
68$1,512,147$552,194$368,804$1,119,123
69$1,577,839$490,705$292,613$1,124,897
70$1,647,443$423,414$211,079$1,130,359
71$1,721,269$349,948$123,938$1,135,543
72$1,799,657$269,915$30,909$1,140,498
73$1,882,981$182,899$0$1,145,281
74$1,971,645$88,461$0$1,169,658
75$2,066,096$0$0$1,204,800
76$2,166,822$0$0$1,244,885
77$2,274,356$0$0$1,307,473
78$2,389,284$0$0$1,374,417
79$2,512,247$0$0$1,446,097
80$2,643,949$0$0$1,522,930
81$2,785,162$0$0$1,605,374
82$2,936,731$0$0$1,693,931
83$3,099,586$0$0$1,789,153
84$3,274,747$0$0$1,891,644
85$3,463,332$0$0$2,002,069
86$3,666,572$0$0$2,121,158
87$3,885,817$0$0$2,249,712
88$4,122,550$0$0$2,388,614
89$4,378,402$0$0$2,538,830
90$4,655,164$0$0$2,701,426
91$4,954,807$0$0$2,877,571
92$5,279,494$0$0$3,068,551
93$5,631,608$0$0$3,275,782
94$6,013,766$0$0$3,500,819
95$6,428,847$0$0$3,745,373
96$6,880,020$0$0$4,011,328
97$7,370,768$0$0$4,300,753
98$7,904,925$0$0$4,615,928
99$8,486,711$0$0$4,959,360
100$9,120,766$0$0$5,333,810