Can I retire at age 57 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$74,156$73,495$72,851$72,222$71,608$68,930
2 years$36,711$36,027$35,365$34,722$34,099$31,432
3 years$24,231$23,544$22,883$22,247$21,634$19,061
4 years$17,992$17,307$16,653$16,028$15,429$12,971
5 years$14,250$13,569$12,924$12,311$11,729$9,391
6 years$11,756$11,080$10,444$9,845$9,281$7,065
7 years$9,975$9,305$8,679$8,094$7,548$5,454
8 years$8,640$7,976$7,361$6,790$6,262$4,287
9 years$7,602$6,945$6,340$5,784$5,273$3,415
10 years$6,772$6,122$5,527$4,985$4,493$2,749
11 years$6,094$5,450$4,866$4,339$3,864$2,230
12 years$5,529$4,891$4,318$3,806$3,349$1,820
13 years$5,051$4,420$3,858$3,360$2,920$1,492
14 years$4,642$4,018$3,467$2,983$2,560$1,228
15 years$4,288$3,670$3,130$2,660$2,254$1,015
16 years$3,978$3,368$2,838$2,382$1,992$840
17 years$3,706$3,101$2,582$2,140$1,766$697
18 years$3,463$2,866$2,357$1,928$1,570$579
19 years$3,247$2,656$2,158$1,743$1,400$482
20 years$3,052$2,468$1,980$1,578$1,250$402
21 years$2,876$2,299$1,822$1,432$1,119$335
22 years$2,716$2,146$1,679$1,302$1,003$280
23 years$2,571$2,007$1,550$1,186$900$234
24 years$2,438$1,881$1,434$1,082$809$195
25 years$2,315$1,765$1,328$988$728$163
26 years$2,202$1,659$1,231$903$656$137
27 years$2,098$1,561$1,144$827$591$114
28 years$2,001$1,471$1,063$758$534$96
29 years$1,912$1,388$989$695$482$80
30 years$1,828$1,310$921$638$435$67
31 years$1,750$1,239$859$586$394$56
32 years$1,677$1,172$802$538$356$47
33 years$1,608$1,110$748$495$322$39
34 years$1,544$1,052$699$455$292$33
35 years$1,483$998$654$419$264$28
36 years$1,426$947$612$386$239$23
37 years$1,372$900$572$356$217$19
38 years$1,322$855$536$328$197$16
39 years$1,273$813$502$302$178$14
40 years$1,228$773$471$279$162$11
41 years$1,184$736$441$257$147$10
42 years$1,143$701$414$237$133$8
43 years$1,104$668$389$219$121$7
44 years$1,067$637$365$202$110$6
45 years$1,031$607$342$187$100$5
46 years$998$579$322$173$90$4
47 years$965$553$302$159$82$3
48 years$935$528$284$147$75$3
49 years$905$504$267$136$68$2
50 years$877$481$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $898,000, adding $6,890 every year, while hoping to spend $38,667 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: 24/47/29 Blend
56$898,000$898,000$898,000$898,000
57$996,703$949,109$935,190$1,011,431
58$1,057,225$954,474$925,378$1,029,903
59$1,122,625$958,806$913,940$1,045,982
60$1,193,359$962,013$900,783$1,062,404
61$1,269,928$963,999$885,806$1,079,224
62$1,352,886$964,660$868,906$1,096,507
63$1,442,837$963,885$849,972$1,114,325
64$1,540,451$961,560$828,890$1,132,763
65$1,646,460$957,560$805,541$1,151,919
66$1,761,672$951,753$779,799$1,171,905
67$1,886,975$944,001$751,535$1,192,847
68$2,023,345$934,156$720,610$1,214,889
69$2,171,858$922,061$686,882$1,238,198
70$2,333,697$907,551$650,202$1,262,957
71$2,510,162$890,450$610,412$1,289,379
72$2,702,688$870,571$567,350$1,317,702
73$2,912,851$847,718$520,845$1,348,195
74$3,142,386$821,681$470,718$1,381,160
75$3,393,206$792,239$416,783$1,416,938
76$3,667,414$759,160$358,846$1,455,912
77$3,967,326$722,194$296,703$1,498,512
78$4,295,493$681,081$230,143$1,545,220
79$4,654,723$635,544$158,942$1,596,577
80$5,048,109$585,290$82,871$1,653,185
81$5,479,056$530,010$1,687$1,715,722
82$5,951,315$469,376$0$1,784,942
83$6,469,017$403,042$0$1,887,975
84$7,036,710$330,645$0$2,001,742
85$7,659,405$251,797$0$2,126,855
86$8,342,621$166,092$0$2,264,571
87$9,092,437$73,099$0$2,416,285
88$9,915,549$0$0$2,583,543
89$10,819,332$0$0$2,782,353
90$11,811,911$0$0$3,042,377
91$12,902,237$0$0$3,328,175
92$14,100,169$0$0$3,642,351
93$15,416,571$0$0$3,987,777
94$16,863,409$0$0$4,367,614
95$18,453,866$0$0$4,785,347
96$20,202,467$0$0$5,244,814
97$22,125,214$0$0$5,750,245
98$24,239,737$0$0$6,306,299
99$26,565,461$0$0$6,918,111
100$29,123,786$0$0$7,591,337