Can I retire at age 57 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$70,688$70,058$69,444$68,844$68,259$66,744
2 years$34,994$34,342$33,711$33,098$32,504$30,986
3 years$23,098$22,443$21,813$21,206$20,622$19,148
4 years$17,151$16,498$15,874$15,278$14,708$13,289
5 years$13,583$12,935$12,319$11,735$11,181$9,821
6 years$11,206$10,562$9,956$9,385$8,847$7,548
7 years$9,508$8,870$8,273$7,716$7,195$5,957
8 years$8,236$7,603$7,016$6,472$5,969$4,791
9 years$7,247$6,620$6,043$5,513$5,027$3,909
10 years$6,456$5,835$5,269$4,752$4,283$3,224
11 years$5,809$5,195$4,638$4,136$3,683$2,681
12 years$5,270$4,663$4,116$3,628$3,192$2,245
13 years$4,815$4,214$3,678$3,203$2,783$1,891
14 years$4,425$3,830$3,304$2,843$2,440$1,599
15 years$4,088$3,499$2,983$2,535$2,148$1,357
16 years$3,792$3,210$2,705$2,270$1,899$1,156
17 years$3,532$2,956$2,461$2,040$1,684$987
18 years$3,301$2,732$2,247$1,838$1,497$844
19 years$3,095$2,532$2,057$1,661$1,334$724
20 years$2,909$2,353$1,888$1,504$1,192$621
21 years$2,742$2,191$1,736$1,365$1,066$534
22 years$2,589$2,046$1,600$1,241$956$460
23 years$2,451$1,913$1,478$1,131$858$396
24 years$2,324$1,793$1,367$1,031$771$341
25 years$2,207$1,682$1,266$942$694$294
26 years$2,099$1,581$1,174$861$625$254
27 years$2,000$1,488$1,090$788$564$220
28 years$1,908$1,402$1,013$722$509$190
29 years$1,822$1,323$943$662$459$164
30 years$1,742$1,249$878$608$415$142
31 years$1,668$1,181$819$558$375$123
32 years$1,598$1,117$764$513$339$106
33 years$1,533$1,058$713$472$307$92
34 years$1,472$1,003$667$434$278$79
35 years$1,414$951$623$400$252$69
36 years$1,360$903$583$368$228$60
37 years$1,308$857$546$339$207$52
38 years$1,260$815$511$312$188$45
39 years$1,214$775$479$288$170$39
40 years$1,170$737$449$266$154$34
41 years$1,129$702$421$245$140$29
42 years$1,090$668$395$226$127$25
43 years$1,053$637$370$209$115$22
44 years$1,017$607$348$193$105$19
45 years$983$579$326$178$95$16
46 years$951$552$307$165$86$14
47 years$920$527$288$152$78$12
48 years$891$503$271$140$71$11
49 years$863$480$254$130$65$9
50 years$836$459$239$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $856,000, adding $2,246 every year, while hoping to spend $30,714 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: 57/19/24 Blend
56$856,000$856,000$856,000$856,000
57$945,629$900,261$886,993$993,253
58$1,009,403$911,694$884,028$1,037,498
59$1,078,654$922,658$879,934$1,082,244
60$1,153,906$933,098$874,641$1,130,361
61$1,235,738$942,954$868,075$1,182,182
62$1,324,788$952,163$860,160$1,238,075
63$1,421,755$960,657$850,814$1,298,446
64$1,527,411$968,366$839,953$1,363,746
65$1,642,603$975,213$827,489$1,434,470
66$1,768,267$981,117$813,327$1,511,165
67$1,905,429$985,990$797,372$1,594,435
68$2,055,220$989,741$779,522$1,684,948
69$2,218,887$992,273$759,670$1,783,440
70$2,397,799$993,480$737,705$1,890,724
71$2,593,467$993,253$713,511$2,007,697
72$2,807,553$991,474$686,966$2,135,350
73$3,041,886$988,020$657,942$2,274,777
74$3,298,482$982,756$626,306$2,427,183
75$3,579,560$975,544$591,921$2,593,900
76$3,887,564$966,235$554,639$2,776,399
77$4,225,186$954,670$514,309$2,976,300
78$4,595,389$940,683$470,773$3,195,393
79$5,001,439$924,097$423,863$3,435,652
80$5,446,931$904,723$373,409$3,699,257
81$5,935,827$882,363$319,227$3,988,610
82$6,472,490$856,807$261,129$4,306,363
83$7,061,725$827,832$198,918$4,655,443
84$7,708,827$795,202$132,388$5,039,077
85$8,419,628$758,667$61,324$5,460,825
86$9,200,552$717,964$0$5,924,615
87$10,058,677$672,814$0$6,438,495
88$11,001,801$622,920$0$7,020,528
89$12,038,513$567,972$0$7,660,326
90$13,178,278$507,639$0$8,363,768
91$14,431,521$441,572$0$9,137,334
92$15,809,731$369,404$0$9,988,164
93$17,325,563$290,744$0$10,924,131
94$18,992,962$205,182$0$11,953,912
95$20,827,292$112,284$0$13,087,070
96$22,845,480$11,590$0$14,334,146
97$25,066,179$0$0$15,706,759
98$27,509,938$0$0$17,238,075
99$30,199,401$0$0$18,926,111
100$33,159,518$0$0$20,784,114