Can I retire at age 57 with 857,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $857,000?

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$70,770$70,140$69,525$68,925$68,338$66,686
2 years$35,035$34,382$33,750$33,137$32,542$30,888
3 years$23,125$22,469$21,838$21,231$20,646$19,041
4 years$17,171$16,517$15,893$15,296$14,725$13,181
5 years$13,599$12,950$12,333$11,749$11,194$9,716
6 years$11,219$10,574$9,967$9,395$8,857$7,447
7 years$9,519$8,880$8,283$7,725$7,203$5,861
8 years$8,245$7,612$7,025$6,480$5,976$4,700
9 years$7,255$6,628$6,050$5,519$5,032$3,823
10 years$6,463$5,842$5,275$4,758$4,288$3,143
11 years$5,816$5,201$4,644$4,141$3,688$2,606
12 years$5,277$4,668$4,121$3,632$3,196$2,175
13 years$4,821$4,218$3,682$3,206$2,787$1,825
14 years$4,430$3,834$3,308$2,846$2,443$1,539
15 years$4,092$3,503$2,987$2,538$2,151$1,302
16 years$3,797$3,214$2,708$2,273$1,901$1,104
17 years$3,536$2,960$2,464$2,042$1,686$939
18 years$3,305$2,735$2,250$1,840$1,499$801
19 years$3,098$2,535$2,059$1,663$1,336$684
20 years$2,913$2,355$1,890$1,506$1,193$585
21 years$2,745$2,194$1,738$1,367$1,068$501
22 years$2,592$2,048$1,602$1,243$957$429
23 years$2,453$1,915$1,479$1,132$859$368
24 years$2,326$1,795$1,368$1,032$772$316
25 years$2,209$1,684$1,267$943$695$272
26 years$2,102$1,583$1,175$862$626$234
27 years$2,002$1,490$1,091$789$564$201
28 years$1,910$1,404$1,015$723$509$173
29 years$1,824$1,324$944$663$460$149
30 years$1,744$1,251$879$608$415$128
31 years$1,670$1,182$820$559$376$110
32 years$1,600$1,119$765$514$340$95
33 years$1,535$1,059$714$472$307$82
34 years$1,473$1,004$667$435$278$71
35 years$1,416$952$624$400$252$61
36 years$1,361$904$584$368$228$53
37 years$1,310$858$546$339$207$45
38 years$1,261$816$512$313$188$39
39 years$1,215$776$479$288$170$34
40 years$1,172$738$449$266$154$29
41 years$1,130$703$421$245$140$25
42 years$1,091$669$395$227$127$22
43 years$1,054$638$371$209$115$19
44 years$1,018$608$348$193$105$16
45 years$984$580$327$178$95$14
46 years$952$553$307$165$86$12
47 years$921$528$288$152$78$10
48 years$892$504$271$141$71$9
49 years$864$481$255$130$65$8
50 years$837$459$239$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $857,000, adding $6,395 every year, while hoping to spend $25,495 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: 78/5/17 Blend
56$857,000$857,000$857,000$857,000
57$951,010$905,589$892,306$1,021,144
58$1,020,887$922,837$895,072$1,085,555
59$1,097,037$940,075$897,076$1,152,341
60$1,180,072$957,276$898,265$1,224,904
61$1,270,668$974,411$898,586$1,303,811
62$1,369,566$991,448$897,979$1,389,690
63$1,477,586$1,008,352$896,385$1,483,230
64$1,595,625$1,025,087$893,739$1,585,192
65$1,724,675$1,041,613$889,975$1,696,414
66$1,865,826$1,057,886$885,024$1,817,819
67$2,020,280$1,073,862$878,812$1,950,424
68$2,189,358$1,089,491$871,262$2,095,349
69$2,374,518$1,104,721$862,294$2,253,830
70$2,577,361$1,119,495$851,824$2,427,227
71$2,799,655$1,133,753$839,763$2,617,040
72$3,043,344$1,147,432$826,019$2,824,920
73$3,310,570$1,160,461$810,496$3,052,689
74$3,603,693$1,172,768$793,092$3,302,352
75$3,925,311$1,184,275$773,702$3,576,122
76$4,278,286$1,194,897$752,214$3,876,434
77$4,665,771$1,204,547$728,513$4,205,974
78$5,091,239$1,213,130$702,478$4,567,700
79$5,558,516$1,220,544$673,982$4,964,874
80$6,071,817$1,226,682$642,892$5,401,090
81$6,635,784$1,231,431$609,070$5,880,309
82$7,255,531$1,234,669$572,372$6,406,894
83$7,936,694$1,236,266$532,645$6,985,656
84$8,685,480$1,236,087$489,732$7,621,896
85$9,508,729$1,233,985$443,467$8,321,457
86$10,413,975$1,229,805$393,679$9,090,776
87$11,409,519$1,223,385$340,186$9,936,950
88$12,504,509$1,214,549$282,801$10,867,798
89$13,709,021$1,203,114$221,327$11,891,938
90$15,034,158$1,188,884$155,559$13,018,867
91$16,492,154$1,171,651$85,282$14,259,053
92$18,096,488$1,151,196$10,273$15,624,032
93$19,862,011$1,127,286$0$17,126,514
94$21,805,087$1,099,675$0$18,793,169
95$23,943,748$1,068,100$0$20,629,590
96$26,297,860$1,032,287$0$22,650,975
97$28,889,314$991,942$0$24,876,126
98$31,742,233$946,756$0$27,325,758
99$34,883,195$896,401$0$30,022,703
100$38,341,488$840,531$0$32,992,114