Can I retire at age 57 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$73,661$73,004$72,364$71,739$71,129$70,357
2 years$36,466$35,786$35,128$34,490$33,871$33,094
3 years$24,069$23,387$22,730$22,098$21,489$20,731
4 years$17,872$17,192$16,542$15,920$15,326$14,592
5 years$14,154$13,479$12,837$12,228$11,651$10,944
6 years$11,677$11,006$10,374$9,779$9,219$8,539
7 years$9,908$9,243$8,621$8,040$7,497$6,846
8 years$8,582$7,923$7,311$6,745$6,220$5,596
9 years$7,551$6,898$6,297$5,745$5,238$4,642
10 years$6,727$6,081$5,490$4,952$4,463$3,894
11 years$6,053$5,413$4,833$4,310$3,838$3,297
12 years$5,492$4,859$4,290$3,780$3,326$2,811
13 years$5,018$4,391$3,832$3,337$2,901$2,411
14 years$4,611$3,991$3,443$2,963$2,543$2,078
15 years$4,259$3,646$3,109$2,642$2,239$1,798
16 years$3,952$3,345$2,819$2,366$1,979$1,561
17 years$3,681$3,081$2,565$2,126$1,754$1,360
18 years$3,440$2,847$2,341$1,916$1,560$1,187
19 years$3,225$2,638$2,143$1,731$1,390$1,039
20 years$3,032$2,452$1,967$1,568$1,242$911
21 years$2,857$2,284$1,809$1,423$1,111$800
22 years$2,698$2,132$1,668$1,294$996$703
23 years$2,554$1,994$1,540$1,178$894$619
24 years$2,421$1,868$1,424$1,075$804$545
25 years$2,300$1,753$1,319$981$723$481
26 years$2,188$1,648$1,223$897$651$425
27 years$2,084$1,551$1,136$821$587$375
28 years$1,988$1,461$1,056$752$530$332
29 years$1,899$1,378$983$690$479$293
30 years$1,816$1,302$915$633$432$259
31 years$1,738$1,231$853$582$391$230
32 years$1,666$1,164$796$535$354$203
33 years$1,597$1,103$743$492$320$180
34 years$1,534$1,045$695$452$290$160
35 years$1,473$991$649$416$262$141
36 years$1,417$941$607$383$238$125
37 years$1,363$894$569$353$216$111
38 years$1,313$849$532$326$195$99
39 years$1,265$807$499$300$177$87
40 years$1,220$768$468$277$161$78
41 years$1,176$731$438$255$146$69
42 years$1,136$696$411$236$132$61
43 years$1,097$664$386$218$120$54
44 years$1,060$633$362$201$109$48
45 years$1,025$603$340$186$99$43
46 years$991$575$319$171$90$38
47 years$959$549$300$158$82$34
48 years$928$524$282$146$74$30
49 years$899$501$265$135$67$27
50 years$871$478$249$125$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $892,000, adding $3,983 every year, while hoping to spend $24,180 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: 40/41/19 Blend
56$892,000$892,000$892,000$892,000
57$987,092$939,816$925,990$1,020,872
58$1,062,049$960,140$931,284$1,065,700
59$1,143,840$980,649$935,944$1,111,543
60$1,233,138$1,001,327$939,925$1,160,637
61$1,330,682$1,022,156$943,176$1,213,290
62$1,437,286$1,043,117$945,647$1,269,841
63$1,553,846$1,064,187$947,283$1,330,665
64$1,681,349$1,085,343$948,028$1,396,178
65$1,820,882$1,106,559$947,822$1,466,834
66$1,973,639$1,127,808$946,602$1,543,136
67$2,140,940$1,149,060$944,302$1,625,641
68$2,324,233$1,170,282$940,854$1,714,959
69$2,525,118$1,191,438$936,185$1,811,765
70$2,745,353$1,212,491$930,220$1,916,805
71$2,986,876$1,233,400$922,879$2,030,899
72$3,251,821$1,254,121$914,080$2,154,952
73$3,542,540$1,274,606$903,735$2,289,964
74$3,861,622$1,294,805$891,752$2,437,036
75$4,211,919$1,314,661$878,038$2,597,384
76$4,596,573$1,334,118$862,490$2,772,347
77$5,019,046$1,353,112$845,006$2,963,404
78$5,483,150$1,371,576$825,475$3,172,185
79$5,993,085$1,389,438$803,783$3,400,489
80$6,553,480$1,406,620$779,810$3,650,298
81$7,169,431$1,423,041$753,430$3,923,800
82$7,846,556$1,438,613$724,513$4,223,406
83$8,591,042$1,453,242$692,921$4,551,778
84$9,409,705$1,466,828$658,511$4,911,850
85$10,310,057$1,479,265$621,133$5,306,856
86$11,300,373$1,490,438$580,630$5,740,366
87$12,389,769$1,500,228$536,840$6,216,313
88$13,588,292$1,508,506$489,590$6,739,038
89$14,907,009$1,515,134$438,703$7,313,325
90$16,358,116$1,519,967$383,992$7,944,451
91$17,955,049$1,522,851$325,261$8,638,234
92$19,712,615$1,523,621$262,307$9,401,090
93$21,647,125$1,522,103$194,919$10,240,093
94$23,776,557$1,518,110$122,873$11,163,043
95$26,120,715$1,511,447$45,939$12,178,541
96$28,701,424$1,501,904$0$13,296,071
97$31,542,732$1,489,260$0$14,533,418
98$34,671,137$1,473,281$0$15,905,196
99$38,115,837$1,453,716$0$17,414,843
100$41,909,007$1,430,302$0$19,076,429