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%18.7%
1 years$70,853$70,222$69,606$69,005$68,418$66,017
2 years$35,076$34,422$33,789$33,175$32,580$30,186
3 years$23,151$22,495$21,864$21,256$20,670$18,359
4 years$17,191$16,537$15,911$15,314$14,742$12,531
5 years$13,615$12,965$12,348$11,762$11,207$9,101
6 years$11,232$10,587$9,979$9,406$8,867$6,870
7 years$9,531$8,891$8,293$7,734$7,212$5,321
8 years$8,255$7,621$7,033$6,487$5,983$4,198
9 years$7,264$6,635$6,057$5,526$5,038$3,357
10 years$6,471$5,849$5,281$4,763$4,293$2,712
11 years$5,823$5,207$4,649$4,146$3,692$2,208
12 years$5,283$4,673$4,126$3,636$3,199$1,809
13 years$4,826$4,223$3,686$3,210$2,790$1,490
14 years$4,436$3,839$3,312$2,850$2,446$1,232
15 years$4,097$3,507$2,990$2,541$2,153$1,022
16 years$3,801$3,218$2,711$2,276$1,903$850
17 years$3,541$2,963$2,467$2,045$1,687$708
18 years$3,309$2,738$2,252$1,843$1,500$591
19 years$3,102$2,538$2,062$1,665$1,337$494
20 years$2,916$2,358$1,892$1,508$1,195$414
21 years$2,748$2,197$1,740$1,369$1,069$347
22 years$2,595$2,050$1,604$1,244$958$291
23 years$2,456$1,918$1,481$1,133$860$244
24 years$2,329$1,797$1,370$1,034$773$205
25 years$2,212$1,686$1,269$944$696$172
26 years$2,104$1,585$1,177$863$627$145
27 years$2,005$1,491$1,093$790$565$122
28 years$1,912$1,405$1,016$724$510$102
29 years$1,826$1,326$945$664$460$86
30 years$1,747$1,252$880$609$416$73
31 years$1,672$1,184$821$559$376$61
32 years$1,602$1,120$766$514$340$51
33 years$1,537$1,061$715$473$308$43
34 years$1,475$1,005$668$435$279$36
35 years$1,417$953$625$400$252$31
36 years$1,363$905$584$369$229$26
37 years$1,311$859$547$340$207$22
38 years$1,263$817$512$313$188$18
39 years$1,217$777$480$289$170$15
40 years$1,173$739$450$266$155$13
41 years$1,132$703$422$246$140$11
42 years$1,092$670$396$227$127$9
43 years$1,055$638$371$209$115$8
44 years$1,019$608$348$193$105$7
45 years$986$580$327$179$95$6
46 years$953$553$307$165$86$5
47 years$922$528$289$152$78$4
48 years$893$504$271$141$71$3
49 years$865$482$255$130$65$3
50 years$838$460$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $858,000, adding $3,733 every year, while hoping to spend $47,254 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: 44/37/19 Blend
56$858,000$858,000$858,000$858,000
57$949,367$903,893$890,594$985,771
58$995,924$897,905$870,151$1,005,763
59$1,045,647$890,041$847,439$1,022,470
60$1,098,807$880,158$822,333$1,039,594
61$1,155,705$868,105$794,701$1,057,196
62$1,216,669$853,724$764,405$1,075,345
63$1,282,057$836,845$731,301$1,094,124
64$1,352,266$817,289$695,238$1,113,623
65$1,427,729$794,868$656,060$1,133,950
66$1,508,921$769,380$613,602$1,155,225
67$1,596,365$740,614$567,691$1,177,586
68$1,690,634$708,344$518,149$1,201,187
69$1,792,360$672,333$464,788$1,226,206
70$1,902,233$632,331$407,411$1,252,843
71$2,021,016$588,070$345,815$1,281,324
72$2,149,545$539,270$279,784$1,311,902
73$2,288,738$485,634$209,097$1,344,866
74$2,439,608$426,849$133,520$1,380,537
75$2,603,264$362,581$52,810$1,419,279
76$2,780,931$292,481$0$1,461,498
77$2,973,951$216,178$0$1,514,405
78$3,183,805$133,282$0$1,583,622
79$3,412,119$43,378$0$1,659,059
80$3,660,684$0$0$1,741,414
81$3,931,468$0$0$1,853,436
82$4,226,641$0$0$1,994,895
83$4,548,587$0$0$2,149,282
84$4,899,933$0$0$2,317,872
85$5,283,568$0$0$2,502,062
86$5,702,676$0$0$2,703,394
87$6,160,759$0$0$2,923,565
88$6,661,673$0$0$3,164,442
89$7,209,664$0$0$3,428,084
90$7,809,408$0$0$3,716,754
91$8,466,054$0$0$4,032,948
92$9,185,270$0$0$4,379,411
93$9,973,300$0$0$4,759,169
94$10,837,019$0$0$5,175,554
95$11,784,001$0$0$5,632,235
96$12,822,586$0$0$6,133,253
97$13,961,960$0$0$6,683,062
98$15,212,241$0$0$7,286,564
99$16,584,575$0$0$7,949,160
100$18,091,239$0$0$8,676,802