Can I retire at age 57 with 861,000?

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 $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%17.9%
1 years$71,101$70,467$69,849$69,246$68,657$66,460
2 years$35,198$34,543$33,907$33,291$32,694$30,500
3 years$23,232$22,574$21,940$21,330$20,742$18,621
4 years$17,251$16,594$15,967$15,367$14,794$12,761
5 years$13,663$13,010$12,391$11,803$11,246$9,308
6 years$11,271$10,624$10,014$9,439$8,898$7,057
7 years$9,564$8,922$8,322$7,761$7,237$5,491
8 years$8,284$7,648$7,057$6,510$6,004$4,352
9 years$7,289$6,659$6,078$5,545$5,056$3,497
10 years$6,493$5,869$5,299$4,780$4,308$2,839
11 years$5,843$5,225$4,665$4,160$3,705$2,324
12 years$5,301$4,690$4,140$3,649$3,211$1,914
13 years$4,843$4,238$3,699$3,221$2,800$1,585
14 years$4,451$3,852$3,324$2,860$2,454$1,318
15 years$4,111$3,519$3,001$2,550$2,161$1,099
16 years$3,815$3,229$2,721$2,284$1,910$919
17 years$3,553$2,974$2,476$2,052$1,693$771
18 years$3,321$2,748$2,260$1,849$1,506$647
19 years$3,113$2,547$2,069$1,671$1,342$545
20 years$2,926$2,366$1,899$1,513$1,199$459
21 years$2,758$2,204$1,747$1,373$1,073$387
22 years$2,605$2,058$1,610$1,249$962$326
23 years$2,465$1,924$1,486$1,137$863$276
24 years$2,337$1,803$1,375$1,037$776$233
25 years$2,220$1,692$1,273$947$698$197
26 years$2,112$1,590$1,181$866$629$167
27 years$2,012$1,497$1,096$793$567$141
28 years$1,919$1,410$1,019$726$512$119
29 years$1,833$1,330$949$666$462$101
30 years$1,753$1,256$884$611$417$86
31 years$1,678$1,188$824$561$377$73
32 years$1,608$1,124$769$516$341$62
33 years$1,542$1,064$718$474$309$52
34 years$1,480$1,009$670$437$280$44
35 years$1,422$957$627$402$253$37
36 years$1,367$908$586$370$230$32
37 years$1,316$862$549$341$208$27
38 years$1,267$820$514$314$189$23
39 years$1,221$779$482$290$171$19
40 years$1,177$742$451$267$155$16
41 years$1,136$706$423$247$141$14
42 years$1,096$672$397$228$128$12
43 years$1,059$641$373$210$116$10
44 years$1,023$611$350$194$105$8
45 years$989$582$328$179$96$7
46 years$957$555$308$165$87$6
47 years$926$530$290$153$79$5
48 years$896$506$272$141$72$4
49 years$868$483$256$131$65$4
50 years$841$462$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $861,000, adding $4,354 every year, while hoping to spend $29,556 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: 38/42/20 Blend
56$861,000$861,000$861,000$861,000
57$953,313$907,680$894,335$983,678
58$1,019,104$920,709$892,848$1,019,034
59$1,090,614$933,386$890,320$1,054,108
60$1,168,397$945,662$886,686$1,091,406
61$1,253,060$957,486$881,876$1,131,144
62$1,345,271$968,802$875,818$1,173,563
63$1,445,767$979,551$868,436$1,218,930
64$1,555,356$989,670$859,649$1,267,540
65$1,674,930$999,091$849,375$1,319,719
66$1,805,470$1,007,743$837,526$1,375,828
67$1,948,055$1,015,550$824,011$1,436,267
68$2,103,874$1,022,430$808,733$1,501,478
69$2,274,237$1,028,296$791,593$1,571,949
70$2,460,582$1,033,057$772,485$1,648,223
71$2,664,498$1,036,613$751,299$1,730,898
72$2,887,731$1,038,861$727,922$1,820,635
73$3,132,205$1,039,690$702,232$1,918,167
74$3,400,037$1,038,982$674,104$2,024,303
75$3,693,561$1,036,613$643,407$2,139,937
76$4,015,346$1,032,449$610,003$2,266,060
77$4,368,223$1,026,350$573,749$2,403,764
78$4,755,306$1,018,166$534,495$2,554,258
79$5,180,031$1,007,739$492,084$2,718,877
80$5,646,177$994,902$446,352$2,899,097
81$6,157,911$979,475$397,128$3,096,549
82$6,719,820$961,272$344,234$3,313,034
83$7,336,958$940,091$287,483$3,550,542
84$8,014,893$915,721$226,679$3,811,271
85$8,759,760$887,938$161,620$4,097,649
86$9,578,313$856,505$92,092$4,412,358
87$10,477,999$821,172$17,875$4,758,359
88$11,467,018$781,672$0$5,138,920
89$12,554,405$737,725$0$5,570,740
90$13,750,114$689,034$0$6,049,639
91$15,065,114$635,284$0$6,576,251
92$16,511,486$576,144$0$7,155,491
93$18,102,546$511,263$0$7,792,777
94$19,852,960$440,270$0$8,494,090
95$21,778,891$362,772$0$9,266,023
96$23,898,146$278,356$0$10,115,852
97$26,230,347$186,585$0$11,051,599
98$28,797,111$86,997$0$12,082,113
99$31,622,260$0$0$13,217,155
100$34,732,042$0$0$14,477,147