Can I retire at age 57 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$70,935$70,304$69,687$69,085$68,498$67,698
2 years$35,117$34,463$33,829$33,214$32,618$31,813
3 years$23,178$22,522$21,889$21,281$20,694$19,909
4 years$17,211$16,556$15,930$15,331$14,759$14,000
5 years$13,631$12,980$12,362$11,776$11,220$10,488
6 years$11,245$10,599$9,991$9,417$8,878$8,175
7 years$9,542$8,901$8,302$7,743$7,220$6,547
8 years$8,265$7,630$7,041$6,495$5,990$5,346
9 years$7,272$6,643$6,064$5,532$5,044$4,429
10 years$6,478$5,856$5,287$4,769$4,298$3,711
11 years$5,829$5,213$4,655$4,150$3,696$3,138
12 years$5,289$4,679$4,131$3,640$3,203$2,672
13 years$4,832$4,228$3,691$3,214$2,793$2,288
14 years$4,441$3,843$3,316$2,853$2,449$1,970
15 years$4,102$3,511$2,994$2,544$2,156$1,702
16 years$3,806$3,221$2,714$2,278$1,905$1,476
17 years$3,545$2,967$2,470$2,047$1,689$1,284
18 years$3,313$2,741$2,255$1,845$1,502$1,119
19 years$3,106$2,541$2,064$1,667$1,339$978
20 years$2,919$2,361$1,894$1,510$1,196$856
21 years$2,751$2,199$1,742$1,370$1,070$751
22 years$2,598$2,053$1,606$1,246$959$659
23 years$2,459$1,920$1,483$1,135$861$579
24 years$2,332$1,799$1,371$1,035$774$510
25 years$2,215$1,688$1,270$945$696$449
26 years$2,107$1,587$1,178$864$627$395
27 years$2,007$1,493$1,094$791$566$349
28 years$1,915$1,407$1,017$725$510$308
29 years$1,829$1,327$946$665$461$272
30 years$1,749$1,254$881$610$416$240
31 years$1,674$1,185$822$560$376$212
32 years$1,604$1,121$767$515$341$188
33 years$1,538$1,062$716$473$308$166
34 years$1,477$1,006$669$436$279$147
35 years$1,419$955$625$401$253$130
36 years$1,364$906$585$369$229$115
37 years$1,313$860$548$340$208$102
38 years$1,264$818$513$314$188$90
39 years$1,218$778$480$289$171$80
40 years$1,174$740$450$267$155$71
41 years$1,133$704$422$246$140$63
42 years$1,094$671$396$227$127$55
43 years$1,056$639$372$210$116$49
44 years$1,021$609$349$194$105$43
45 years$987$581$328$179$95$39
46 years$954$554$308$165$87$34
47 years$923$529$289$153$79$30
48 years$894$505$272$141$71$27
49 years$866$482$255$130$65$24
50 years$839$461$240$120$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $859,000, adding $6,238 every year, while hoping to spend $51,839 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: 69/16/15 Blend
56$859,000$859,000$859,000$859,000
57$953,052$907,525$894,211$1,015,091
58$995,108$896,838$869,011$1,046,495
59$1,039,715$883,889$841,229$1,074,078
60$1,087,080$868,514$810,724$1,102,933
61$1,137,428$850,537$777,349$1,133,179
62$1,191,004$829,772$740,949$1,164,948
63$1,248,078$806,022$701,362$1,198,387
64$1,308,945$779,080$658,421$1,233,659
65$1,373,927$748,725$611,948$1,270,945
66$1,443,379$714,724$561,760$1,310,448
67$1,517,689$676,831$507,664$1,352,390
68$1,597,281$634,783$449,458$1,397,021
69$1,682,623$588,307$386,934$1,444,617
70$1,774,225$537,109$319,871$1,495,483
71$1,872,650$480,881$248,041$1,549,961
72$1,978,515$419,298$171,205$1,608,427
73$2,092,495$352,016$89,112$1,671,299
74$2,215,335$278,670$1,502$1,739,043
75$2,347,850$198,876$0$1,812,171
76$2,490,939$112,229$0$1,905,978
77$2,645,587$18,300$0$2,007,586
78$2,812,876$0$0$2,117,501
79$2,993,998$0$0$2,251,227
80$3,190,263$0$0$2,399,664
81$3,403,109$0$0$2,560,684
82$3,634,119$0$0$2,735,490
83$3,885,035$0$0$2,925,405
84$4,157,772$0$0$3,131,885
85$4,454,437$0$0$3,356,531
86$4,777,348$0$0$3,601,104
87$5,129,055$0$0$3,867,543
88$5,512,366$0$0$4,157,981
89$5,930,369$0$0$4,474,767
90$6,386,464$0$0$4,820,483
91$6,884,393$0$0$5,197,976
92$7,428,277$0$0$5,610,375
93$8,022,649$0$0$6,061,129
94$8,672,503$0$0$6,554,032
95$9,383,335$0$0$7,093,263
96$10,161,199$0$0$7,683,424
97$11,012,759$0$0$8,329,580
98$11,945,355$0$0$9,037,312
99$12,967,068$0$0$9,812,763
100$14,086,799$0$0$10,662,699