Can I retire at age 57 with 857,000?

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 $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%16%
1 years$70,770$70,140$69,525$68,925$68,338$66,659
2 years$35,035$34,382$33,750$33,137$32,542$30,861
3 years$23,125$22,469$21,838$21,231$20,646$19,015
4 years$17,171$16,517$15,893$15,296$14,725$13,157
5 years$13,599$12,950$12,333$11,749$11,194$9,693
6 years$11,219$10,574$9,967$9,395$8,857$7,425
7 years$9,519$8,880$8,283$7,725$7,203$5,840
8 years$8,245$7,612$7,025$6,480$5,976$4,681
9 years$7,255$6,628$6,050$5,519$5,032$3,805
10 years$6,463$5,842$5,275$4,758$4,288$3,126
11 years$5,816$5,201$4,644$4,141$3,688$2,590
12 years$5,277$4,668$4,121$3,632$3,196$2,161
13 years$4,821$4,218$3,682$3,206$2,787$1,812
14 years$4,430$3,834$3,308$2,846$2,443$1,526
15 years$4,092$3,503$2,987$2,538$2,151$1,290
16 years$3,797$3,214$2,708$2,273$1,901$1,094
17 years$3,536$2,960$2,464$2,042$1,686$930
18 years$3,305$2,735$2,250$1,840$1,499$792
19 years$3,098$2,535$2,059$1,663$1,336$676
20 years$2,913$2,355$1,890$1,506$1,193$578
21 years$2,745$2,194$1,738$1,367$1,068$494
22 years$2,592$2,048$1,602$1,243$957$423
23 years$2,453$1,915$1,479$1,132$859$363
24 years$2,326$1,795$1,368$1,032$772$312
25 years$2,209$1,684$1,267$943$695$267
26 years$2,102$1,583$1,175$862$626$230
27 years$2,002$1,490$1,091$789$564$198
28 years$1,910$1,404$1,015$723$509$170
29 years$1,824$1,324$944$663$460$146
30 years$1,744$1,251$879$608$415$126
31 years$1,670$1,182$820$559$376$108
32 years$1,600$1,119$765$514$340$93
33 years$1,535$1,059$714$472$307$80
34 years$1,473$1,004$667$435$278$69
35 years$1,416$952$624$400$252$59
36 years$1,361$904$584$368$228$51
37 years$1,310$858$546$339$207$44
38 years$1,261$816$512$313$188$38
39 years$1,215$776$479$288$170$33
40 years$1,172$738$449$266$154$28
41 years$1,130$703$421$245$140$24
42 years$1,091$669$395$227$127$21
43 years$1,054$638$371$209$115$18
44 years$1,018$608$348$193$105$16
45 years$984$580$327$178$95$13
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$7
50 years$837$459$239$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $857,000, adding $2,451 every year, while hoping to spend $54,319 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: 64/29/7 Blend
56$857,000$857,000$857,000$857,000
57$946,942$901,521$888,238$1,006,164
58$985,735$887,901$860,199$1,032,288
59$1,026,665$871,792$829,400$1,054,176
60$1,069,891$853,017$795,691$1,076,666
61$1,115,590$831,384$758,916$1,099,813
62$1,163,951$806,693$718,912$1,123,680
63$1,215,185$778,732$675,506$1,148,336
64$1,269,518$747,274$628,520$1,173,861
65$1,327,201$712,082$577,767$1,200,346
66$1,388,505$672,904$523,052$1,227,890
67$1,453,729$629,473$464,170$1,256,611
68$1,523,199$581,507$400,910$1,286,635
69$1,597,272$528,708$333,048$1,318,109
70$1,676,341$470,761$260,351$1,351,197
71$1,760,833$407,334$182,578$1,386,082
72$1,851,218$338,073$99,475$1,422,970
73$1,948,012$262,609$10,778$1,462,094
74$2,051,781$180,548$0$1,503,711
75$2,163,144$91,476$0$1,554,379
76$2,282,781$0$0$1,609,423
77$2,411,439$0$0$1,670,034
78$2,549,939$0$0$1,766,748
79$2,699,181$0$0$1,871,008
80$2,860,153$0$0$1,983,509
81$3,033,943$0$0$2,105,018
82$3,221,744$0$0$2,236,376
83$3,424,868$0$0$2,378,506
84$3,644,759$0$0$2,532,425
85$3,883,000$0$0$2,699,250
86$4,141,336$0$0$2,880,210
87$4,421,684$0$0$3,076,655
88$4,726,152$0$0$3,290,071
89$5,057,059$0$0$3,522,093
90$5,416,958$0$0$3,774,519
91$5,808,655$0$0$4,049,327
92$6,235,238$0$0$4,348,695
93$6,700,108$0$0$4,675,018
94$7,207,003$0$0$5,030,933
95$7,760,042$0$0$5,419,341
96$8,363,755$0$0$5,843,438
97$9,023,131$0$0$6,306,739
98$9,743,661$0$0$6,813,116
99$10,531,390$0$0$7,366,830
100$11,392,975$0$0$7,972,575