Can I retire at age 57 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$70,853$70,222$69,606$69,005$68,418$66,255
2 years$35,076$34,422$33,789$33,175$32,580$30,420
3 years$23,151$22,495$21,864$21,256$20,670$18,581
4 years$17,191$16,537$15,911$15,314$14,742$12,740
5 years$13,615$12,965$12,348$11,762$11,207$9,298
6 years$11,232$10,587$9,979$9,406$8,867$7,052
7 years$9,531$8,891$8,293$7,734$7,212$5,491
8 years$8,255$7,621$7,033$6,487$5,983$4,355
9 years$7,264$6,635$6,057$5,526$5,038$3,501
10 years$6,471$5,849$5,281$4,763$4,293$2,845
11 years$5,823$5,207$4,649$4,146$3,692$2,330
12 years$5,283$4,673$4,126$3,636$3,199$1,921
13 years$4,826$4,223$3,686$3,210$2,790$1,591
14 years$4,436$3,839$3,312$2,850$2,446$1,324
15 years$4,097$3,507$2,990$2,541$2,153$1,105
16 years$3,801$3,218$2,711$2,276$1,903$925
17 years$3,541$2,963$2,467$2,045$1,687$776
18 years$3,309$2,738$2,252$1,843$1,500$652
19 years$3,102$2,538$2,062$1,665$1,337$549
20 years$2,916$2,358$1,892$1,508$1,195$463
21 years$2,748$2,197$1,740$1,369$1,069$391
22 years$2,595$2,050$1,604$1,244$958$330
23 years$2,456$1,918$1,481$1,133$860$279
24 years$2,329$1,797$1,370$1,034$773$236
25 years$2,212$1,686$1,269$944$696$200
26 years$2,104$1,585$1,177$863$627$169
27 years$2,005$1,491$1,093$790$565$143
28 years$1,912$1,405$1,016$724$510$121
29 years$1,826$1,326$945$664$460$103
30 years$1,747$1,252$880$609$416$87
31 years$1,672$1,184$821$559$376$74
32 years$1,602$1,120$766$514$340$63
33 years$1,537$1,061$715$473$308$53
34 years$1,475$1,005$668$435$279$45
35 years$1,417$953$625$400$252$38
36 years$1,363$905$584$369$229$32
37 years$1,311$859$547$340$207$28
38 years$1,263$817$512$313$188$23
39 years$1,217$777$480$289$170$20
40 years$1,173$739$450$266$155$17
41 years$1,132$703$422$246$140$14
42 years$1,092$670$396$227$127$12
43 years$1,055$638$371$209$115$10
44 years$1,019$608$348$193$105$9
45 years$986$580$327$179$95$7
46 years$953$553$307$165$86$6
47 years$922$528$289$152$78$5
48 years$893$504$271$141$71$5
49 years$865$482$255$130$65$4
50 years$838$460$240$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $858,000, adding $4,194 every year, while hoping to spend $25,587 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: 52/26/22 Blend
56$858,000$858,000$858,000$858,000
57$949,842$904,368$891,069$993,241
58$1,019,502$921,458$893,696$1,040,725
59$1,095,409$938,527$895,552$1,089,363
60$1,178,174$955,549$896,587$1,141,733
61$1,268,469$972,492$896,744$1,198,199
62$1,367,033$989,323$895,964$1,259,162
63$1,474,679$1,006,009$894,188$1,325,066
64$1,592,304$1,022,511$891,351$1,396,399
65$1,720,893$1,038,789$887,386$1,473,699
66$1,861,534$1,054,799$882,223$1,557,562
67$2,015,420$1,070,494$875,787$1,648,643
68$2,183,869$1,085,825$868,002$1,747,666
69$2,368,331$1,100,737$858,787$1,855,427
70$2,570,401$1,115,174$848,058$1,972,808
71$2,791,839$1,129,074$835,724$2,100,778
72$3,034,580$1,142,372$821,694$2,240,409
73$3,300,756$1,154,997$805,870$2,392,881
74$3,592,717$1,166,876$788,150$2,559,497
75$3,913,049$1,177,928$768,429$2,741,693
76$4,264,603$1,188,069$746,593$2,941,055
77$4,650,515$1,197,208$722,528$3,159,329
78$5,074,246$1,205,248$696,110$3,398,443
79$5,539,602$1,212,089$667,213$3,660,522
80$6,050,779$1,217,619$635,702$3,947,912
81$6,612,400$1,221,724$601,440$4,263,196
82$7,229,557$1,224,280$564,280$4,609,228
83$7,907,858$1,225,156$524,069$4,989,150
84$8,653,483$1,224,213$480,650$5,406,430
85$9,473,242$1,221,302$433,855$5,864,891
86$10,374,635$1,216,268$383,511$6,368,751
87$11,365,926$1,208,944$329,437$6,922,657
88$12,456,221$1,199,153$271,444$7,531,738
89$13,655,552$1,186,707$209,333$8,201,645
90$14,974,971$1,171,409$142,899$8,938,611
91$16,426,658$1,153,048$71,926$9,749,510
92$18,024,030$1,131,400$0$10,641,918
93$19,781,873$1,106,230$0$11,625,086
94$21,716,476$1,077,288$0$12,725,406
95$23,845,790$1,044,308$0$13,936,189
96$26,189,592$1,007,011$0$15,268,692
97$28,769,675$965,099$0$16,735,322
98$31,610,052$918,259$0$18,349,753
99$34,737,182$866,159$0$20,127,057
100$38,180,221$808,447$0$22,083,844