Can I retire at age 57 with 895,000?

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 $895,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$73,908$73,250$72,608$71,981$71,369$69,643
2 years$36,588$35,907$35,246$34,606$33,985$32,257
3 years$24,150$23,466$22,807$22,172$21,561$19,885
4 years$17,932$17,250$16,597$15,974$15,378$13,766
5 years$14,202$13,524$12,880$12,270$11,690$10,147
6 years$11,716$11,043$10,409$9,812$9,250$7,777
7 years$9,942$9,274$8,650$8,067$7,523$6,121
8 years$8,611$7,950$7,336$6,767$6,241$4,909
9 years$7,577$6,922$6,318$5,764$5,256$3,992
10 years$6,750$6,101$5,509$4,969$4,478$3,282
11 years$6,074$5,431$4,850$4,324$3,851$2,721
12 years$5,511$4,875$4,304$3,793$3,337$2,271
13 years$5,035$4,406$3,845$3,349$2,910$1,906
14 years$4,627$4,004$3,455$2,973$2,551$1,607
15 years$4,274$3,658$3,119$2,651$2,246$1,359
16 years$3,965$3,356$2,828$2,374$1,985$1,153
17 years$3,693$3,091$2,574$2,133$1,760$981
18 years$3,452$2,856$2,349$1,922$1,565$836
19 years$3,236$2,647$2,151$1,737$1,395$714
20 years$3,042$2,460$1,974$1,573$1,246$611
21 years$2,867$2,291$1,816$1,428$1,115$523
22 years$2,707$2,139$1,673$1,298$1,000$448
23 years$2,562$2,000$1,545$1,182$897$385
24 years$2,429$1,874$1,429$1,078$806$330
25 years$2,307$1,759$1,323$985$726$284
26 years$2,195$1,653$1,227$900$654$244
27 years$2,091$1,556$1,140$824$589$210
28 years$1,995$1,466$1,060$755$532$181
29 years$1,905$1,383$986$692$480$156
30 years$1,822$1,306$918$635$434$134
31 years$1,744$1,235$856$584$392$115
32 years$1,671$1,168$799$536$355$99
33 years$1,603$1,106$746$493$321$86
34 years$1,539$1,049$697$454$291$74
35 years$1,478$995$652$418$263$64
36 years$1,421$944$610$385$239$55
37 years$1,368$897$571$354$216$47
38 years$1,317$852$534$327$196$41
39 years$1,269$810$501$301$178$35
40 years$1,224$771$469$278$161$30
41 years$1,180$734$440$256$146$26
42 years$1,139$699$413$237$133$23
43 years$1,100$666$387$218$120$19
44 years$1,063$635$363$202$109$17
45 years$1,028$605$341$186$99$14
46 years$994$577$321$172$90$13
47 years$962$551$301$159$82$11
48 years$931$526$283$147$74$9
49 years$902$502$266$136$68$8
50 years$874$480$250$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $895,000, adding $4,769 every year, while hoping to spend $56,469 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: 36/46/18 Blend
56$895,000$895,000$895,000$895,000
57$991,209$943,774$929,902$1,021,310
58$1,032,230$929,937$900,971$1,029,768
59$1,075,542$913,528$869,178$1,033,243
60$1,121,320$894,364$834,368$1,035,808
61$1,169,754$872,246$796,378$1,037,414
62$1,221,050$846,968$755,039$1,038,012
63$1,275,437$818,309$710,172$1,037,552
64$1,333,160$786,035$661,592$1,035,986
65$1,394,492$749,900$609,104$1,033,265
66$1,459,728$709,643$552,507$1,029,345
67$1,529,193$664,988$491,589$1,024,181
68$1,603,241$615,643$426,127$1,017,732
69$1,682,261$561,299$355,892$1,009,960
70$1,766,679$501,630$280,642$1,000,833
71$1,856,962$436,292$200,125$990,322
72$1,953,621$364,919$114,079$978,407
73$2,057,218$287,128$22,228$965,072
74$2,168,368$202,511$0$950,313
75$2,287,747$110,639$0$948,692
76$2,416,096$11,059$0$951,172
77$2,554,229$0$0$953,571
78$2,703,040$0$0$1,004,951
79$2,863,510$0$0$1,066,490
80$3,036,718$0$0$1,133,015
81$3,223,849$0$0$1,204,995
82$3,426,205$0$0$1,282,943
83$3,645,218$0$0$1,367,426
84$3,882,460$0$0$1,459,066
85$4,139,662$0$0$1,558,546
86$4,418,726$0$0$1,666,618
87$4,721,744$0$0$1,784,111
88$5,051,018$0$0$1,911,934
89$5,409,078$0$0$2,051,088
90$5,798,712$0$0$2,202,677
91$6,222,981$0$0$2,367,913
92$6,685,260$0$0$2,548,131
93$7,189,258$0$0$2,744,800
94$7,739,060$0$0$2,959,537
95$8,339,162$0$0$3,194,122
96$8,994,512$0$0$3,450,515
97$9,710,557$0$0$3,730,875
98$10,493,295$0$0$4,037,575
99$11,349,328$0$0$4,373,233
100$12,285,927$0$0$4,740,729