Can I retire at age 57 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$73,578$72,923$72,283$71,659$71,050$68,830
2 years$36,425$35,746$35,089$34,451$33,833$31,617
3 years$24,042$23,361$22,705$22,073$21,465$19,322
4 years$17,852$17,173$16,523$15,903$15,309$13,255
5 years$14,139$13,463$12,823$12,215$11,638$9,678
6 years$11,664$10,994$10,363$9,768$9,209$7,345
7 years$9,897$9,233$8,611$8,031$7,489$5,722
8 years$8,573$7,914$7,303$6,737$6,213$4,541
9 years$7,543$6,891$6,290$5,738$5,232$3,653
10 years$6,720$6,074$5,484$4,947$4,458$2,970
11 years$6,046$5,407$4,828$4,305$3,834$2,434
12 years$5,486$4,853$4,285$3,776$3,323$2,008
13 years$5,012$4,386$3,828$3,334$2,897$1,664
14 years$4,606$3,987$3,440$2,959$2,540$1,386
15 years$4,255$3,642$3,105$2,639$2,236$1,158
16 years$3,947$3,341$2,816$2,363$1,976$970
17 years$3,677$3,077$2,562$2,123$1,752$814
18 years$3,436$2,843$2,339$1,913$1,558$685
19 years$3,221$2,635$2,141$1,729$1,389$577
20 years$3,028$2,449$1,965$1,566$1,240$487
21 years$2,854$2,281$1,807$1,421$1,110$411
22 years$2,695$2,129$1,666$1,292$995$347
23 years$2,551$1,991$1,538$1,177$893$294
24 years$2,419$1,866$1,422$1,073$803$249
25 years$2,297$1,751$1,317$980$722$211
26 years$2,185$1,646$1,222$896$651$179
27 years$2,082$1,549$1,135$820$587$151
28 years$1,986$1,459$1,055$752$529$128
29 years$1,897$1,377$982$689$478$109
30 years$1,814$1,300$914$633$432$92
31 years$1,736$1,229$852$581$391$78
32 years$1,664$1,163$795$534$353$67
33 years$1,596$1,101$743$491$320$57
34 years$1,532$1,044$694$452$289$48
35 years$1,472$990$649$416$262$41
36 years$1,415$940$607$383$238$35
37 years$1,362$893$568$353$215$29
38 years$1,311$848$532$325$195$25
39 years$1,263$807$498$300$177$21
40 years$1,218$767$467$277$161$18
41 years$1,175$730$438$255$146$15
42 years$1,134$696$411$236$132$13
43 years$1,096$663$385$217$120$11
44 years$1,059$632$362$201$109$9
45 years$1,023$603$340$185$99$8
46 years$990$575$319$171$90$7
47 years$958$549$300$158$81$6
48 years$927$524$282$146$74$5
49 years$898$500$265$135$67$4
50 years$870$478$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $891,000, adding $2,104 every year, while hoping to spend $28,469 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: 58/14/28 Blend
56$891,000$891,000$891,000$891,000
57$984,052$936,829$923,019$1,033,489
58$1,054,135$952,443$923,649$1,083,206
59$1,130,412$967,868$923,346$1,134,209
60$1,213,484$983,064$922,049$1,189,236
61$1,304,015$997,990$919,694$1,248,687
62$1,402,733$1,012,600$916,212$1,313,000
63$1,510,440$1,026,846$911,533$1,382,662
64$1,628,019$1,040,675$905,583$1,458,207
65$1,756,442$1,054,033$898,285$1,540,226
66$1,896,778$1,066,860$889,557$1,629,371
67$2,050,206$1,079,092$879,313$1,726,360
68$2,218,022$1,090,662$867,465$1,831,987
69$2,401,654$1,101,499$853,919$1,947,127
70$2,602,675$1,111,524$838,577$2,072,745
71$2,822,815$1,120,656$821,337$2,209,907
72$3,063,981$1,128,808$802,091$2,359,786
73$3,328,274$1,135,886$780,728$2,523,680
74$3,618,005$1,141,791$757,129$2,703,017
75$3,935,721$1,146,419$731,173$2,899,375
76$4,284,228$1,149,657$702,731$3,114,494
77$4,666,615$1,151,386$671,668$3,350,291
78$5,086,286$1,151,479$637,845$3,608,883
79$5,546,989$1,149,803$601,114$3,892,604
80$6,052,853$1,146,215$561,323$4,204,029
81$6,608,428$1,140,563$518,311$4,545,995
82$7,218,724$1,132,687$471,911$4,921,635
83$7,889,262$1,122,417$421,948$5,334,401
84$8,626,122$1,109,572$368,239$5,788,100
85$9,436,006$1,093,960$310,594$6,286,933
86$10,326,293$1,075,378$248,813$6,835,528
87$11,305,116$1,053,613$182,689$7,438,992
88$12,381,433$1,028,435$112,005$8,102,956
89$13,565,115$999,604$36,533$8,833,626
90$14,867,037$966,865$0$9,637,849
91$16,299,181$929,948$0$10,536,320
92$17,874,749$888,566$0$11,536,714
93$19,608,285$842,418$0$12,637,358
94$21,515,817$791,184$0$13,848,447
95$23,615,004$734,524$0$15,181,218
96$25,925,301$672,083$0$16,648,055
97$28,468,148$603,481$0$18,262,602
98$31,267,166$528,320$0$20,039,901
99$34,348,386$446,176$0$21,996,523
100$37,740,487$356,605$0$24,150,736