Can I retire at age 57 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$71,101$70,467$69,849$69,246$68,657$66,889
2 years$35,198$34,543$33,907$33,291$32,694$30,924
3 years$23,232$22,574$21,940$21,330$20,742$19,027
4 years$17,251$16,594$15,967$15,367$14,794$13,145
5 years$13,663$13,010$12,391$11,803$11,246$9,669
6 years$11,271$10,624$10,014$9,439$8,898$7,395
7 years$9,564$8,922$8,322$7,761$7,237$5,806
8 years$8,284$7,648$7,057$6,510$6,004$4,646
9 years$7,289$6,659$6,078$5,545$5,056$3,770
10 years$6,493$5,869$5,299$4,780$4,308$3,091
11 years$5,843$5,225$4,665$4,160$3,705$2,557
12 years$5,301$4,690$4,140$3,649$3,211$2,128
13 years$4,843$4,238$3,699$3,221$2,800$1,781
14 years$4,451$3,852$3,324$2,860$2,454$1,497
15 years$4,111$3,519$3,001$2,550$2,161$1,263
16 years$3,815$3,229$2,721$2,284$1,910$1,069
17 years$3,553$2,974$2,476$2,052$1,693$907
18 years$3,321$2,748$2,260$1,849$1,506$770
19 years$3,113$2,547$2,069$1,671$1,342$656
20 years$2,926$2,366$1,899$1,513$1,199$559
21 years$2,758$2,204$1,747$1,373$1,073$478
22 years$2,605$2,058$1,610$1,249$962$408
23 years$2,465$1,924$1,486$1,137$863$349
24 years$2,337$1,803$1,375$1,037$776$299
25 years$2,220$1,692$1,273$947$698$256
26 years$2,112$1,590$1,181$866$629$219
27 years$2,012$1,497$1,096$793$567$188
28 years$1,919$1,410$1,019$726$512$161
29 years$1,833$1,330$949$666$462$138
30 years$1,753$1,256$884$611$417$119
31 years$1,678$1,188$824$561$377$102
32 years$1,608$1,124$769$516$341$88
33 years$1,542$1,064$718$474$309$75
34 years$1,480$1,009$670$437$280$65
35 years$1,422$957$627$402$253$56
36 years$1,367$908$586$370$230$48
37 years$1,316$862$549$341$208$41
38 years$1,267$820$514$314$189$35
39 years$1,221$779$482$290$171$30
40 years$1,177$742$451$267$155$26
41 years$1,136$706$423$247$141$22
42 years$1,096$672$397$228$128$19
43 years$1,059$641$373$210$116$17
44 years$1,023$611$350$194$105$14
45 years$989$582$328$179$96$12
46 years$957$555$308$165$87$11
47 years$926$530$290$153$79$9
48 years$896$506$272$141$72$8
49 years$868$483$256$131$65$7
50 years$841$462$241$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $861,000, adding $2,806 every year, while hoping to spend $48,358 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: 51/21/28 Blend
56$861,000$861,000$861,000$861,000
57$951,716$906,083$892,738$992,618
58$997,339$899,029$871,192$1,014,366
59$1,045,994$890,008$847,304$1,032,927
60$1,097,941$878,873$820,943$1,052,161
61$1,153,461$865,469$791,975$1,072,152
62$1,212,866$849,628$760,258$1,092,999
63$1,276,495$831,177$725,644$1,114,810
64$1,344,721$809,929$687,977$1,137,709
65$1,417,955$785,687$647,096$1,161,838
66$1,496,644$758,244$602,832$1,187,353
67$1,581,283$727,379$555,008$1,214,432
68$1,672,413$692,859$503,439$1,243,274
69$1,770,627$654,437$447,933$1,274,105
70$1,876,580$611,854$388,287$1,307,175
71$1,990,988$564,832$324,292$1,342,766
72$2,114,640$513,080$255,727$1,381,193
73$2,248,403$456,290$182,364$1,422,810
74$2,393,229$394,137$103,962$1,468,010
75$2,550,165$326,277$20,271$1,517,235
76$2,720,362$252,345$0$1,570,975
77$2,905,088$171,958$0$1,650,407
78$3,105,733$84,711$0$1,743,318
79$3,323,831$0$0$1,844,412
80$3,561,066$0$0$1,956,806
81$3,819,292$0$0$2,100,529
82$4,100,550$0$0$2,257,153
83$4,407,084$0$0$2,427,937
84$4,741,366$0$0$2,614,269
85$5,106,114$0$0$2,817,675
86$5,504,322$0$0$3,039,836
87$5,939,285$0$0$3,282,602
88$6,414,630$0$0$3,548,011
89$6,934,351$0$0$3,838,304
90$7,502,844$0$0$4,155,952
91$8,124,951$0$0$4,503,674
92$8,806,003$0$0$4,884,463
93$9,551,870$0$0$5,301,618
94$10,369,016$0$0$5,758,768
95$11,264,561$0$0$6,259,915
96$12,246,346$0$0$6,809,461
97$13,323,006$0$0$7,412,259
98$14,504,053$0$0$8,073,651
99$15,799,962$0$0$8,799,524
100$17,222,274$0$0$9,596,360