Can I retire at age 57 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$73,495$72,841$72,202$71,579$70,970$68,616
2 years$36,384$35,706$35,050$34,413$33,795$31,446
3 years$24,015$23,334$22,679$22,049$21,441$19,171
4 years$17,832$17,153$16,505$15,885$15,292$13,118
5 years$14,123$13,448$12,808$12,201$11,625$9,553
6 years$11,651$10,982$10,351$9,757$9,198$7,231
7 years$9,886$9,222$8,602$8,022$7,481$5,616
8 years$8,563$7,905$7,295$6,729$6,206$4,444
9 years$7,534$6,883$6,283$5,732$5,226$3,564
10 years$6,712$6,067$5,478$4,941$4,453$2,889
11 years$6,040$5,401$4,823$4,300$3,830$2,360
12 years$5,480$4,848$4,280$3,772$3,319$1,940
13 years$5,006$4,381$3,824$3,330$2,894$1,603
14 years$4,601$3,982$3,436$2,956$2,537$1,330
15 years$4,250$3,638$3,102$2,636$2,234$1,107
16 years$3,943$3,338$2,812$2,360$1,974$924
17 years$3,673$3,074$2,559$2,121$1,750$773
18 years$3,432$2,840$2,336$1,911$1,556$648
19 years$3,218$2,632$2,139$1,727$1,387$544
20 years$3,025$2,446$1,963$1,564$1,239$457
21 years$2,851$2,278$1,805$1,420$1,109$384
22 years$2,692$2,127$1,664$1,291$994$324
23 years$2,548$1,989$1,536$1,175$892$273
24 years$2,416$1,864$1,421$1,072$802$230
25 years$2,295$1,749$1,316$979$722$194
26 years$2,183$1,644$1,221$895$650$164
27 years$2,079$1,547$1,133$819$586$138
28 years$1,984$1,458$1,054$751$529$117
29 years$1,895$1,375$980$688$477$99
30 years$1,812$1,299$913$632$431$83
31 years$1,734$1,228$851$580$390$70
32 years$1,662$1,162$794$533$353$60
33 years$1,594$1,100$742$490$319$50
34 years$1,530$1,043$693$451$289$43
35 years$1,470$989$648$415$262$36
36 years$1,414$939$606$383$237$30
37 years$1,360$892$567$352$215$26
38 years$1,310$847$531$325$195$22
39 years$1,262$806$498$300$177$18
40 years$1,217$767$467$276$160$16
41 years$1,174$730$437$255$145$13
42 years$1,133$695$410$235$132$11
43 years$1,094$662$385$217$120$9
44 years$1,057$631$361$201$109$8
45 years$1,022$602$339$185$99$7
46 years$989$574$319$171$90$6
47 years$957$548$299$158$81$5
48 years$926$523$281$146$74$4
49 years$897$499$265$135$67$3
50 years$869$477$249$125$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $890,000, adding $4,155 every year, while hoping to spend $26,533 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: 40/47/13 Blend
56$890,000$890,000$890,000$890,000
57$985,066$937,896$924,101$1,020,493
58$1,057,312$955,622$926,827$1,063,662
59$1,136,037$973,327$928,756$1,107,413
60$1,221,876$990,983$929,832$1,154,163
61$1,315,523$1,008,557$929,997$1,204,194
62$1,417,747$1,026,017$929,193$1,257,821
63$1,529,391$1,043,325$927,354$1,315,389
64$1,651,384$1,060,444$924,416$1,377,279
65$1,784,749$1,077,329$920,308$1,443,913
66$1,930,613$1,093,938$914,957$1,515,754
67$2,090,215$1,110,220$908,288$1,593,316
68$2,264,921$1,126,125$900,219$1,677,164
69$2,456,234$1,141,596$890,668$1,767,922
70$2,665,810$1,156,575$879,546$1,866,279
71$2,895,473$1,170,997$866,761$1,972,995
72$3,147,230$1,184,795$852,217$2,088,910
73$3,423,294$1,197,897$835,812$2,214,948
74$3,726,101$1,210,224$817,443$2,352,131
75$4,058,333$1,221,695$796,997$2,501,587
76$4,422,946$1,232,221$774,359$2,664,560
77$4,823,196$1,241,709$749,409$2,842,421
78$5,262,667$1,250,059$722,021$3,036,687
79$5,745,312$1,257,164$692,061$3,249,027
80$6,275,481$1,262,912$659,392$3,481,286
81$6,857,967$1,267,182$623,869$3,735,499
82$7,498,052$1,269,847$585,341$4,013,910
83$8,201,554$1,270,770$543,651$4,318,995
84$8,974,883$1,269,807$498,633$4,653,487
85$9,825,099$1,266,806$450,115$5,020,399
86$10,759,982$1,261,603$397,917$5,423,058
87$11,788,105$1,254,026$341,852$5,865,130
88$12,918,910$1,243,891$281,722$6,350,663
89$14,162,802$1,231,005$217,323$6,884,119
90$15,531,246$1,215,162$148,441$7,470,422
91$17,036,871$1,196,144$74,853$8,115,001
92$18,693,596$1,173,719$0$8,823,847
93$20,516,754$1,147,642$0$9,604,076
94$22,523,241$1,117,655$0$10,473,577
95$24,731,674$1,083,482$0$11,430,026
96$27,162,565$1,044,834$0$12,482,323
97$29,838,518$1,001,401$0$13,640,278
98$32,784,437$952,860$0$14,914,709
99$36,027,765$898,865$0$16,317,544
100$39,598,741$839,054$0$17,861,931