Can I retire at age 57 with 859,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.3%
1 years$70,935$70,304$69,687$69,085$68,498$65,936
2 years$35,117$34,463$33,829$33,214$32,618$30,067
3 years$23,178$22,522$21,889$21,281$20,694$18,233
4 years$17,211$16,556$15,930$15,331$14,759$12,408
5 years$13,631$12,980$12,362$11,776$11,220$8,983
6 years$11,245$10,599$9,991$9,417$8,878$6,758
7 years$9,542$8,901$8,302$7,743$7,220$5,217
8 years$8,265$7,630$7,041$6,495$5,990$4,101
9 years$7,272$6,643$6,064$5,532$5,044$3,267
10 years$6,478$5,856$5,287$4,769$4,298$2,629
11 years$5,829$5,213$4,655$4,150$3,696$2,133
12 years$5,289$4,679$4,131$3,640$3,203$1,740
13 years$4,832$4,228$3,691$3,214$2,793$1,427
14 years$4,441$3,843$3,316$2,853$2,449$1,175
15 years$4,102$3,511$2,994$2,544$2,156$970
16 years$3,806$3,221$2,714$2,278$1,905$804
17 years$3,545$2,967$2,470$2,047$1,689$667
18 years$3,313$2,741$2,255$1,845$1,502$554
19 years$3,106$2,541$2,064$1,667$1,339$461
20 years$2,919$2,361$1,894$1,510$1,196$384
21 years$2,751$2,199$1,742$1,370$1,070$321
22 years$2,598$2,053$1,606$1,246$959$268
23 years$2,459$1,920$1,483$1,135$861$224
24 years$2,332$1,799$1,371$1,035$774$187
25 years$2,215$1,688$1,270$945$696$156
26 years$2,107$1,587$1,178$864$627$131
27 years$2,007$1,493$1,094$791$566$109
28 years$1,915$1,407$1,017$725$510$92
29 years$1,829$1,327$946$665$461$77
30 years$1,749$1,254$881$610$416$64
31 years$1,674$1,185$822$560$376$54
32 years$1,604$1,121$767$515$341$45
33 years$1,538$1,062$716$473$308$38
34 years$1,477$1,006$669$436$279$32
35 years$1,419$955$625$401$253$26
36 years$1,364$906$585$369$229$22
37 years$1,313$860$548$340$208$19
38 years$1,264$818$513$314$188$16
39 years$1,218$778$480$289$171$13
40 years$1,174$740$450$267$155$11
41 years$1,133$704$422$246$140$9
42 years$1,094$671$396$227$127$8
43 years$1,056$639$372$210$116$6
44 years$1,021$609$349$194$105$5
45 years$987$581$328$179$95$5
46 years$954$554$308$165$87$4
47 years$923$529$289$153$79$3
48 years$894$505$272$141$71$3
49 years$866$482$255$130$65$2
50 years$839$461$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 $859,000, adding $3,915 every year, while hoping to spend $52,070 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: 72/23/5 Blend
56$859,000$859,000$859,000$859,000
57$950,656$905,129$891,815$1,018,405
58$992,221$894,079$866,289$1,052,534
59$1,036,281$880,741$838,162$1,082,972
60$1,083,034$864,950$807,293$1,114,818
61$1,132,699$846,528$773,533$1,148,195
62$1,185,515$825,289$736,727$1,183,241
63$1,241,742$801,033$696,712$1,220,104
64$1,301,667$773,550$653,319$1,258,954
65$1,365,601$742,619$606,370$1,299,975
66$1,433,889$708,004$555,680$1,343,373
67$1,506,906$669,456$501,055$1,389,378
68$1,585,063$626,712$442,293$1,438,241
69$1,668,812$579,494$379,183$1,490,243
70$1,758,650$527,507$311,504$1,545,695
71$1,855,118$470,442$239,025$1,604,943
72$1,958,815$407,968$161,507$1,668,366
73$2,070,394$339,739$78,698$1,736,390
74$2,190,576$265,388$0$1,809,482
75$2,320,150$184,527$0$1,888,679
76$2,459,984$96,747$0$1,978,552
77$2,611,031$1,616$0$2,075,553
78$2,774,338$0$0$2,180,401
79$2,951,059$0$0$2,319,538
80$3,142,457$0$0$2,470,710
81$3,349,925$0$0$2,634,610
82$3,574,993$0$0$2,812,453
83$3,819,345$0$0$3,005,572
84$4,084,831$0$0$3,215,437
85$4,373,488$0$0$3,443,662
86$4,687,557$0$0$3,692,023
87$5,029,501$0$0$3,962,477
88$5,402,034$0$0$4,257,173
89$5,808,140$0$0$4,578,480
90$6,251,105$0$0$4,929,003
91$6,734,543$0$0$5,311,610
92$7,262,437$0$0$5,729,458
93$7,839,165$0$0$6,186,023
94$8,469,553$0$0$6,685,131
95$9,158,911$0$0$7,230,994
96$9,913,084$0$0$7,828,250
97$10,738,513$0$0$8,482,006
98$11,642,286$0$0$9,197,887
99$12,632,209$0$0$9,982,086
100$13,716,880$0$0$10,841,422