Can I retire at age 57 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$74,073$73,414$72,770$72,142$71,528$70,722
2 years$36,670$35,987$35,325$34,683$34,061$33,250
3 years$24,204$23,518$22,858$22,222$21,610$20,818
4 years$17,972$17,288$16,635$16,010$15,412$14,647
5 years$14,234$13,554$12,909$12,297$11,716$10,979
6 years$11,743$11,068$10,432$9,834$9,271$8,562
7 years$9,964$9,295$8,669$8,085$7,539$6,860
8 years$8,630$7,967$7,352$6,782$6,255$5,605
9 years$7,594$6,937$6,333$5,777$5,267$4,646
10 years$6,765$6,115$5,521$4,980$4,488$3,896
11 years$6,087$5,444$4,861$4,334$3,860$3,296
12 years$5,523$4,886$4,314$3,802$3,345$2,808
13 years$5,046$4,415$3,854$3,356$2,917$2,407
14 years$4,637$4,013$3,463$2,979$2,557$2,073
15 years$4,283$3,666$3,126$2,657$2,251$1,793
16 years$3,974$3,364$2,835$2,379$1,990$1,556
17 years$3,701$3,098$2,579$2,138$1,764$1,354
18 years$3,459$2,863$2,355$1,926$1,569$1,181
19 years$3,243$2,653$2,156$1,741$1,398$1,033
20 years$3,049$2,465$1,978$1,576$1,249$905
21 years$2,873$2,296$1,820$1,431$1,118$794
22 years$2,713$2,144$1,677$1,301$1,002$697
23 years$2,568$2,005$1,548$1,185$899$613
24 years$2,435$1,878$1,432$1,081$808$540
25 years$2,313$1,763$1,326$987$727$476
26 years$2,200$1,657$1,230$902$655$420
27 years$2,096$1,559$1,142$826$591$371
28 years$1,999$1,469$1,062$757$533$327
29 years$1,909$1,386$988$694$481$289
30 years$1,826$1,309$920$637$435$256
31 years$1,748$1,237$858$585$393$226
32 years$1,675$1,171$801$538$356$200
33 years$1,606$1,109$748$494$322$177
34 years$1,542$1,051$698$455$291$157
35 years$1,482$997$653$419$264$139
36 years$1,425$946$611$386$239$123
37 years$1,371$899$572$355$217$109
38 years$1,320$854$535$327$196$97
39 years$1,272$812$502$302$178$86
40 years$1,226$773$470$278$162$76
41 years$1,183$735$441$257$147$67
42 years$1,142$700$414$237$133$60
43 years$1,103$667$388$219$121$53
44 years$1,066$636$364$202$110$47
45 years$1,030$607$342$187$99$42
46 years$997$579$321$172$90$37
47 years$964$552$302$159$82$33
48 years$933$527$284$147$74$29
49 years$904$503$267$136$68$26
50 years$876$481$251$126$61$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $897,000, adding $6,505 every year, while hoping to spend $51,484 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: 33/43/24 Blend
56$897,000$897,000$897,000$897,000
57$995,204$947,663$933,759$1,020,567
58$1,041,936$939,320$910,262$1,031,829
59$1,091,710$928,842$884,251$1,038,861
60$1,144,780$916,072$855,590$1,045,402
61$1,201,428$900,839$824,132$1,051,444
62$1,261,959$882,967$789,727$1,056,980
63$1,326,712$862,265$752,216$1,062,009
64$1,396,055$838,534$711,433$1,066,532
65$1,470,392$811,561$667,205$1,070,559
66$1,550,167$781,123$619,352$1,074,106
67$1,635,868$746,983$567,685$1,077,195
68$1,728,030$708,888$512,005$1,079,860
69$1,827,239$666,573$452,107$1,082,142
70$1,934,141$619,758$387,776$1,084,097
71$2,049,442$568,146$318,786$1,085,791
72$2,173,922$511,422$244,902$1,087,309
73$2,308,436$449,255$165,880$1,088,751
74$2,453,922$381,295$81,462$1,090,237
75$2,611,414$307,170$0$1,091,910
76$2,782,046$226,489$0$1,096,145
77$2,967,067$138,839$0$1,123,335
78$3,167,850$43,784$0$1,152,899
79$3,385,904$0$0$1,185,177
80$3,622,890$0$0$1,248,536
81$3,880,635$0$0$1,340,095
82$4,161,148$0$0$1,439,866
83$4,466,641$0$0$1,548,650
84$4,799,548$0$0$1,667,331
85$5,162,547$0$0$1,796,880
86$5,558,585$0$0$1,938,366
87$5,990,907$0$0$2,092,968
88$6,463,084$0$0$2,261,981
89$6,979,048$0$0$2,446,832
90$7,543,128$0$0$2,649,093
91$8,160,088$0$0$2,870,495
92$8,835,176$0$0$3,112,942
93$9,574,171$0$0$3,378,533
94$10,383,433$0$0$3,669,578
95$11,269,971$0$0$3,988,623
96$12,241,499$0$0$4,338,469
97$13,306,516$0$0$4,722,205
98$14,474,380$0$0$5,143,230
99$15,755,401$0$0$5,605,290
100$17,160,932$0$0$6,112,509