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%16.5%
1 years$71,101$70,467$69,849$69,246$68,657$66,835
2 years$35,198$34,543$33,907$33,291$32,694$30,871
3 years$23,232$22,574$21,940$21,330$20,742$18,975
4 years$17,251$16,594$15,967$15,367$14,794$13,096
5 years$13,663$13,010$12,391$11,803$11,246$9,623
6 years$11,271$10,624$10,014$9,439$8,898$7,351
7 years$9,564$8,922$8,322$7,761$7,237$5,766
8 years$8,284$7,648$7,057$6,510$6,004$4,608
9 years$7,289$6,659$6,078$5,545$5,056$3,734
10 years$6,493$5,869$5,299$4,780$4,308$3,059
11 years$5,843$5,225$4,665$4,160$3,705$2,526
12 years$5,301$4,690$4,140$3,649$3,211$2,100
13 years$4,843$4,238$3,699$3,221$2,800$1,756
14 years$4,451$3,852$3,324$2,860$2,454$1,474
15 years$4,111$3,519$3,001$2,550$2,161$1,241
16 years$3,815$3,229$2,721$2,284$1,910$1,049
17 years$3,553$2,974$2,476$2,052$1,693$888
18 years$3,321$2,748$2,260$1,849$1,506$754
19 years$3,113$2,547$2,069$1,671$1,342$641
20 years$2,926$2,366$1,899$1,513$1,199$546
21 years$2,758$2,204$1,747$1,373$1,073$465
22 years$2,605$2,058$1,610$1,249$962$397
23 years$2,465$1,924$1,486$1,137$863$339
24 years$2,337$1,803$1,375$1,037$776$290
25 years$2,220$1,692$1,273$947$698$248
26 years$2,112$1,590$1,181$866$629$212
27 years$2,012$1,497$1,096$793$567$181
28 years$1,919$1,410$1,019$726$512$155
29 years$1,833$1,330$949$666$462$133
30 years$1,753$1,256$884$611$417$114
31 years$1,678$1,188$824$561$377$98
32 years$1,608$1,124$769$516$341$84
33 years$1,542$1,064$718$474$309$72
34 years$1,480$1,009$670$437$280$62
35 years$1,422$957$627$402$253$53
36 years$1,367$908$586$370$230$45
37 years$1,316$862$549$341$208$39
38 years$1,267$820$514$314$189$33
39 years$1,221$779$482$290$171$29
40 years$1,177$742$451$267$155$25
41 years$1,136$706$423$247$141$21
42 years$1,096$672$397$228$128$18
43 years$1,059$641$373$210$116$16
44 years$1,023$611$350$194$105$13
45 years$989$582$328$179$96$11
46 years$957$555$308$165$87$10
47 years$926$530$290$153$79$8
48 years$896$506$272$141$72$7
49 years$868$483$256$131$65$6
50 years$841$462$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $861,000, adding $2,136 every year, while hoping to spend $35,303 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: 31/47/22 Blend
56$861,000$861,000$861,000$861,000
57$951,025$905,392$892,047$973,963
58$1,010,468$912,194$884,368$998,344
59$1,074,790$918,147$875,249$1,021,252
60$1,144,453$923,170$864,604$1,045,182
61$1,219,962$927,181$852,344$1,070,246
62$1,301,875$930,089$838,374$1,096,567
63$1,390,804$931,801$822,597$1,124,286
64$1,487,421$932,214$804,909$1,153,561
65$1,592,469$931,223$785,204$1,184,566
66$1,706,761$928,713$763,369$1,217,500
67$1,831,194$924,564$739,285$1,252,581
68$1,966,755$918,648$712,831$1,290,057
69$2,114,531$910,828$683,877$1,330,201
70$2,275,715$900,960$652,289$1,373,321
71$2,451,623$888,892$617,926$1,419,758
72$2,643,703$874,463$580,641$1,469,895
73$2,853,549$857,499$540,280$1,524,155
74$3,082,915$837,821$496,684$1,583,013
75$3,333,732$815,234$449,683$1,646,996
76$3,608,129$789,537$399,103$1,716,690
77$3,908,446$760,512$344,761$1,792,746
78$4,237,263$727,932$286,466$1,875,892
79$4,597,418$691,556$224,017$1,966,931
80$4,992,041$651,128$157,208$2,066,760
81$5,424,573$606,377$85,819$2,176,372
82$5,898,810$557,020$9,624$2,296,871
83$6,418,928$502,753$0$2,429,482
84$6,989,529$443,258$0$2,592,392
85$7,615,681$378,198$0$2,773,783
86$8,302,967$307,216$0$2,973,125
87$9,057,536$229,937$0$3,192,334
88$9,886,163$145,962$0$3,433,526
89$10,796,310$54,872$0$3,699,045
90$11,796,197$0$0$3,991,478
91$12,894,881$0$0$4,336,330
92$14,102,337$0$0$4,746,653
93$15,429,558$0$0$5,197,822
94$16,888,652$0$0$5,693,971
95$18,492,960$0$0$6,239,656
96$20,257,180$0$0$6,839,895
97$22,197,505$0$0$7,500,217
98$24,331,778$0$0$8,226,716
99$26,679,655$0$0$9,026,104
100$29,262,796$0$0$9,905,779