Can I retire at age 57 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$73,330$72,677$72,040$71,418$70,810$70,217
2 years$36,302$35,626$34,971$34,335$33,719$33,121
3 years$23,961$23,282$22,628$21,999$21,393$20,809
4 years$17,792$17,115$16,468$15,849$15,258$14,692
5 years$14,091$13,418$12,780$12,174$11,599$11,053
6 years$11,625$10,957$10,328$9,735$9,178$8,653
7 years$9,864$9,202$8,582$8,004$7,464$6,960
8 years$8,544$7,887$7,279$6,714$6,192$5,709
9 years$7,517$6,867$6,269$5,719$5,215$4,752
10 years$6,697$6,053$5,466$4,930$4,443$4,001
11 years$6,026$5,389$4,812$4,291$3,821$3,400
12 years$5,467$4,837$4,270$3,763$3,311$2,910
13 years$4,995$4,371$3,815$3,322$2,888$2,505
14 years$4,591$3,973$3,428$2,949$2,531$2,168
15 years$4,240$3,630$3,095$2,630$2,229$1,884
16 years$3,934$3,330$2,806$2,355$1,970$1,642
17 years$3,664$3,067$2,553$2,116$1,746$1,436
18 years$3,425$2,834$2,331$1,907$1,553$1,260
19 years$3,211$2,626$2,134$1,723$1,384$1,107
20 years$3,018$2,441$1,958$1,561$1,236$975
21 years$2,844$2,273$1,801$1,416$1,106$859
22 years$2,686$2,122$1,660$1,288$992$759
23 years$2,542$1,985$1,533$1,173$890$671
24 years$2,410$1,860$1,418$1,070$800$594
25 years$2,289$1,745$1,313$977$720$527
26 years$2,178$1,640$1,218$893$649$467
27 years$2,075$1,544$1,131$818$585$415
28 years$1,979$1,454$1,051$749$528$368
29 years$1,890$1,372$978$687$476$327
30 years$1,808$1,296$911$630$430$291
31 years$1,730$1,225$850$579$389$259
32 years$1,658$1,159$793$532$352$230
33 years$1,590$1,098$740$489$319$205
34 years$1,527$1,040$691$450$288$183
35 years$1,467$987$646$414$261$163
36 years$1,410$937$605$382$237$145
37 years$1,357$890$566$352$215$129
38 years$1,307$845$530$324$195$115
39 years$1,259$804$497$299$176$103
40 years$1,214$765$465$276$160$92
41 years$1,171$728$436$254$145$82
42 years$1,131$693$409$235$132$73
43 years$1,092$661$384$217$120$65
44 years$1,055$630$361$200$108$58
45 years$1,020$600$339$185$98$52
46 years$987$573$318$171$89$46
47 years$955$547$299$158$81$41
48 years$924$522$281$146$74$37
49 years$895$498$264$135$67$33
50 years$867$476$248$124$61$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $888,000, adding $4,462 every year, while hoping to spend $22,357 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: 50/33/17 Blend
56$888,000$888,000$888,000$888,000
57$983,179$936,115$922,351$1,027,503
58$1,059,675$958,196$929,462$1,080,615
59$1,143,225$980,611$936,062$1,135,624
60$1,234,524$1,003,351$942,110$1,194,921
61$1,334,338$1,026,408$947,563$1,258,917
62$1,443,511$1,049,773$952,377$1,328,065
63$1,562,972$1,073,434$956,504$1,402,865
64$1,693,742$1,097,379$959,894$1,483,868
65$1,836,948$1,121,595$962,495$1,571,680
66$1,993,830$1,146,067$964,252$1,666,970
67$2,165,754$1,170,778$965,108$1,770,475
68$2,354,224$1,195,709$965,002$1,883,006
69$2,560,896$1,220,839$963,870$2,005,457
70$2,787,594$1,246,147$961,647$2,138,815
71$3,036,329$1,271,608$958,262$2,284,166
72$3,309,313$1,297,196$953,642$2,442,707
73$3,608,984$1,322,880$947,711$2,615,760
74$3,938,029$1,348,630$940,388$2,804,778
75$4,299,406$1,374,410$931,589$3,011,364
76$4,696,374$1,400,185$921,225$3,237,288
77$5,132,523$1,425,912$909,205$3,484,495
78$5,611,808$1,451,550$895,431$3,755,135
79$6,138,587$1,477,051$879,803$4,051,574
80$6,717,661$1,502,364$862,214$4,376,420
81$7,354,317$1,527,435$842,553$4,732,550
82$8,054,383$1,552,205$820,704$5,123,134
83$8,824,279$1,576,611$796,546$5,551,666
84$9,671,077$1,600,587$769,952$6,021,997
85$10,602,570$1,624,059$740,789$6,538,374
86$11,627,344$1,646,950$708,917$7,105,475
87$12,754,859$1,669,177$674,192$7,728,459
88$13,995,540$1,690,651$636,462$8,413,013
89$15,360,869$1,711,277$595,568$9,165,403
90$16,863,503$1,730,955$551,345$9,992,539
91$18,517,383$1,749,575$503,618$10,902,035
92$20,337,874$1,767,022$452,207$11,902,284
93$22,341,904$1,783,173$396,923$13,002,540
94$24,548,127$1,797,897$337,569$14,212,999
95$26,977,096$1,811,054$273,937$15,544,903
96$29,651,460$1,822,495$205,814$17,010,640
97$32,596,173$1,832,062$132,973$18,623,869
98$35,838,735$1,839,586$55,180$20,399,640
99$39,409,448$1,844,887$0$22,354,546
100$43,341,701$1,847,776$0$24,511,924