Can I retire at age 57 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$71,018$70,385$69,768$69,166$68,578$66,382
2 years$35,157$34,503$33,868$33,253$32,656$30,465
3 years$23,205$22,548$21,915$21,305$20,718$18,600
4 years$17,231$16,575$15,948$15,349$14,776$12,746
5 years$13,647$12,995$12,377$11,790$11,233$9,297
6 years$11,258$10,611$10,002$9,428$8,888$7,048
7 years$9,553$8,911$8,312$7,752$7,228$5,484
8 years$8,274$7,639$7,049$6,503$5,997$4,347
9 years$7,280$6,651$6,071$5,539$5,050$3,493
10 years$6,486$5,862$5,293$4,774$4,303$2,836
11 years$5,836$5,219$4,660$4,155$3,701$2,321
12 years$5,295$4,684$4,136$3,645$3,207$1,912
13 years$4,838$4,233$3,695$3,218$2,796$1,583
14 years$4,446$3,848$3,320$2,856$2,451$1,316
15 years$4,107$3,515$2,997$2,547$2,158$1,098
16 years$3,810$3,225$2,718$2,281$1,908$918
17 years$3,549$2,970$2,473$2,049$1,691$770
18 years$3,317$2,745$2,257$1,847$1,504$647
19 years$3,109$2,544$2,067$1,669$1,340$544
20 years$2,923$2,364$1,897$1,511$1,197$458
21 years$2,754$2,202$1,745$1,372$1,071$386
22 years$2,601$2,055$1,608$1,247$960$326
23 years$2,462$1,922$1,485$1,136$862$275
24 years$2,334$1,801$1,373$1,036$775$233
25 years$2,217$1,690$1,272$946$697$197
26 years$2,109$1,588$1,179$865$628$167
27 years$2,009$1,495$1,095$792$566$141
28 years$1,917$1,409$1,018$725$511$119
29 years$1,831$1,329$947$665$461$101
30 years$1,751$1,255$882$611$417$86
31 years$1,676$1,186$823$561$377$73
32 years$1,606$1,123$768$515$341$61
33 years$1,540$1,063$717$474$309$52
34 years$1,479$1,008$670$436$279$44
35 years$1,421$956$626$401$253$37
36 years$1,366$907$586$370$229$32
37 years$1,314$861$548$341$208$27
38 years$1,266$819$513$314$188$23
39 years$1,219$779$481$289$171$19
40 years$1,176$741$451$267$155$16
41 years$1,134$705$423$246$141$14
42 years$1,095$671$397$227$128$12
43 years$1,057$640$372$210$116$10
44 years$1,022$610$349$194$105$8
45 years$988$582$328$179$95$7
46 years$955$555$308$165$87$6
47 years$925$529$289$153$79$5
48 years$895$505$272$141$71$4
49 years$867$483$256$130$65$4
50 years$840$461$240$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $860,000, adding $2,972 every year, while hoping to spend $50,251 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: 59/19/22 Blend
56$860,000$860,000$860,000$860,000
57$950,786$905,206$891,876$1,001,148
58$994,299$896,094$868,287$1,026,606
59$1,040,567$884,852$842,224$1,048,651
60$1,089,816$871,321$813,550$1,071,589
61$1,142,298$855,336$782,124$1,095,518
62$1,198,283$836,719$747,796$1,120,545
63$1,258,073$815,283$710,412$1,146,793
64$1,321,995$790,830$669,809$1,174,399
65$1,390,408$763,150$625,817$1,203,517
66$1,463,706$732,021$578,259$1,234,317
67$1,542,322$697,209$526,949$1,266,993
68$1,626,731$658,464$471,694$1,301,759
69$1,717,453$615,524$412,291$1,338,857
70$1,815,060$568,111$348,529$1,378,553
71$1,920,179$515,931$280,188$1,421,149
72$2,033,499$458,674$207,036$1,466,977
73$2,155,779$396,012$128,834$1,516,410
74$2,287,849$327,597$45,331$1,569,863
75$2,430,623$253,063$0$1,627,799
76$2,585,108$172,024$0$1,701,008
77$2,752,406$84,071$0$1,791,809
78$2,933,733$0$0$1,890,253
79$3,130,423$0$0$1,999,464
80$3,343,946$0$0$2,137,163
81$3,575,916$0$0$2,286,819
82$3,828,109$0$0$2,449,588
83$4,102,481$0$0$2,626,739
84$4,401,182$0$0$2,819,669
85$4,726,578$0$0$3,029,915
86$5,081,274$0$0$3,259,170
87$5,468,135$0$0$3,509,296
88$5,890,316$0$0$3,782,341
89$6,351,289$0$0$4,080,562
90$6,854,876$0$0$4,406,444
91$7,405,285$0$0$4,762,719
92$8,007,150$0$0$5,152,400
93$8,665,570$0$0$5,578,800
94$9,386,162$0$0$6,045,570
95$10,175,110$0$0$6,556,730
96$11,039,226$0$0$7,116,704
97$11,986,008$0$0$7,730,369
98$13,023,717$0$0$8,403,091
99$14,161,449$0$0$9,140,785
100$15,409,223$0$0$9,949,961