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 $5,263 every year, while hoping to spend $38,564 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: 38/50/12 Blend
56$857,000$857,000$857,000$857,000
57$949,843$904,422$891,138$982,279
58$1,005,695$907,707$879,960$1,009,130
59$1,065,952$909,860$867,114$1,033,986
60$1,131,021$910,786$852,505$1,059,998
61$1,201,353$910,381$836,031$1,087,288
62$1,277,439$908,539$817,587$1,115,991
63$1,359,824$905,143$797,061$1,146,262
64$1,449,102$900,071$774,339$1,178,272
65$1,545,930$893,194$749,299$1,212,212
66$1,651,028$884,374$721,814$1,248,296
67$1,765,190$873,465$691,752$1,286,764
68$1,889,287$860,313$658,974$1,327,883
69$2,024,281$844,754$623,335$1,371,950
70$2,171,225$826,615$584,685$1,419,300
71$2,331,283$805,712$542,864$1,470,301
72$2,505,732$781,850$497,709$1,525,368
73$2,695,979$754,824$449,045$1,584,960
74$2,903,574$724,415$396,693$1,649,589
75$3,130,221$690,394$340,464$1,719,824
76$3,377,795$652,515$280,162$1,796,300
77$3,648,364$610,522$215,580$1,879,720
78$3,944,200$564,141$146,506$1,970,868
79$4,267,809$513,083$72,714$2,070,613
80$4,621,946$457,046$0$2,179,921
81$5,009,649$395,705$0$2,300,636
82$5,434,259$328,720$0$2,443,163
83$5,899,459$255,733$0$2,599,534
84$6,409,303$176,363$0$2,771,248
85$6,968,256$90,209$0$2,959,963
86$7,581,236$0$0$3,167,516
87$8,253,660$0$0$3,397,677
88$8,991,494$0$0$3,704,806
89$9,801,309$0$0$4,042,020
90$10,690,346$0$0$4,412,348
91$11,666,577$0$0$4,819,128
92$12,738,787$0$0$5,266,036
93$13,916,653$0$0$5,757,122
94$15,210,833$0$0$6,296,849
95$16,633,073$0$0$6,890,131
96$18,196,309$0$0$7,542,386
97$19,914,795$0$0$8,259,578
98$21,804,235$0$0$9,048,281
99$23,881,928$0$0$9,915,738
100$26,166,936$0$0$10,869,929