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%13.8%
1 years$70,688$70,058$69,444$68,844$68,259$67,183
2 years$34,994$34,342$33,711$33,098$32,504$31,423
3 years$23,098$22,443$21,813$21,206$20,622$19,570
4 years$17,151$16,498$15,874$15,278$14,708$13,692
5 years$13,583$12,935$12,319$11,735$11,181$10,204
6 years$11,206$10,562$9,956$9,385$8,847$7,911
7 years$9,508$8,870$8,273$7,716$7,195$6,300
8 years$8,236$7,603$7,016$6,472$5,969$5,114
9 years$7,247$6,620$6,043$5,513$5,027$4,212
10 years$6,456$5,835$5,269$4,752$4,283$3,508
11 years$5,809$5,195$4,638$4,136$3,683$2,948
12 years$5,270$4,663$4,116$3,628$3,192$2,494
13 years$4,815$4,214$3,678$3,203$2,783$2,122
14 years$4,425$3,830$3,304$2,843$2,440$1,815
15 years$4,088$3,499$2,983$2,535$2,148$1,558
16 years$3,792$3,210$2,705$2,270$1,899$1,341
17 years$3,532$2,956$2,461$2,040$1,684$1,158
18 years$3,301$2,732$2,247$1,838$1,497$1,003
19 years$3,095$2,532$2,057$1,661$1,334$870
20 years$2,909$2,353$1,888$1,504$1,192$756
21 years$2,742$2,191$1,736$1,365$1,066$658
22 years$2,589$2,046$1,600$1,241$956$573
23 years$2,451$1,913$1,478$1,131$858$500
24 years$2,324$1,793$1,367$1,031$771$436
25 years$2,207$1,682$1,266$942$694$381
26 years$2,099$1,581$1,174$861$625$333
27 years$2,000$1,488$1,090$788$564$292
28 years$1,908$1,402$1,013$722$509$255
29 years$1,822$1,323$943$662$459$224
30 years$1,742$1,249$878$608$415$196
31 years$1,668$1,181$819$558$375$172
32 years$1,598$1,117$764$513$339$151
33 years$1,533$1,058$713$472$307$132
34 years$1,472$1,003$667$434$278$116
35 years$1,414$951$623$400$252$102
36 years$1,360$903$583$368$228$89
37 years$1,308$857$546$339$207$78
38 years$1,260$815$511$312$188$69
39 years$1,214$775$479$288$170$60
40 years$1,170$737$449$266$154$53
41 years$1,129$702$421$245$140$47
42 years$1,090$668$395$226$127$41
43 years$1,053$637$370$209$115$36
44 years$1,017$607$348$193$105$32
45 years$983$579$326$178$95$28
46 years$951$552$307$165$86$24
47 years$920$527$288$152$78$21
48 years$891$503$271$140$71$19
49 years$863$480$254$130$65$16
50 years$836$459$239$120$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $856,000, adding $5,130 every year, while hoping to spend $45,423 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: 79/13/8 Blend
56$856,000$856,000$856,000$856,000
57$948,604$903,236$889,968$1,022,118
58$997,031$899,164$871,452$1,066,998
59$1,048,877$893,371$850,793$1,109,772
60$1,104,440$885,724$827,872$1,155,347
61$1,164,050$876,082$802,564$1,203,980
62$1,228,070$864,297$774,737$1,255,957
63$1,296,897$850,211$744,254$1,311,589
64$1,370,966$833,657$710,972$1,371,222
65$1,450,756$814,459$674,742$1,435,237
66$1,536,794$792,427$635,406$1,504,052
67$1,629,656$767,366$592,801$1,578,131
68$1,729,978$739,063$546,757$1,657,983
69$1,838,457$707,298$497,094$1,744,170
70$1,955,859$671,835$443,626$1,837,314
71$2,083,027$632,426$386,158$1,938,096
72$2,220,888$588,807$324,487$2,047,272
73$2,370,461$540,701$258,400$2,165,673
74$2,532,866$487,813$187,674$2,294,217
75$2,709,335$429,834$112,078$2,433,915
76$2,901,226$366,434$31,371$2,585,884
77$3,110,029$297,267$0$2,751,353
78$3,337,385$221,966$0$2,936,354
79$3,585,100$140,145$0$3,140,873
80$3,855,163$51,394$0$3,363,901
81$4,149,760$0$0$3,607,286
82$4,471,300$0$0$3,879,457
83$4,822,431$0$0$4,184,731
84$5,206,073$0$0$4,518,293
85$5,625,436$0$0$4,882,941
86$6,084,056$0$0$5,281,752
87$6,585,829$0$0$5,718,115
88$7,135,039$0$0$6,195,763
89$7,736,410$0$0$6,718,804
90$8,395,138$0$0$7,291,764
91$9,116,949$0$0$7,919,627
92$9,908,148$0$0$8,607,882
93$10,775,680$0$0$9,362,572
94$11,727,193$0$0$10,190,356
95$12,771,110$0$0$11,098,568
96$13,916,711$0$0$12,095,284
97$15,174,215$0$0$13,189,402
98$16,554,883$0$0$14,390,723
99$18,071,114$0$0$15,710,043
100$19,736,572$0$0$17,159,254