Can I retire at age 57 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$71,183$70,549$69,930$69,327$68,737$68,161
2 years$35,239$34,583$33,947$33,330$32,732$32,151
3 years$23,259$22,600$21,966$21,355$20,766$20,199
4 years$17,271$16,614$15,986$15,385$14,811$14,262
5 years$13,678$13,025$12,405$11,817$11,259$10,729
6 years$11,284$10,636$10,025$9,450$8,909$8,399
7 years$9,575$8,932$8,331$7,770$7,245$6,756
8 years$8,294$7,657$7,065$6,518$6,011$5,542
9 years$7,297$6,666$6,086$5,552$5,062$4,613
10 years$6,501$5,876$5,305$4,786$4,313$3,884
11 years$5,850$5,231$4,671$4,165$3,709$3,300
12 years$5,307$4,695$4,145$3,653$3,214$2,824
13 years$4,849$4,243$3,704$3,225$2,803$2,432
14 years$4,456$3,857$3,328$2,863$2,457$2,104
15 years$4,116$3,523$3,004$2,553$2,163$1,828
16 years$3,819$3,233$2,724$2,286$1,912$1,594
17 years$3,557$2,977$2,479$2,054$1,695$1,394
18 years$3,324$2,751$2,263$1,851$1,507$1,223
19 years$3,117$2,550$2,071$1,673$1,344$1,074
20 years$2,930$2,369$1,901$1,515$1,200$946
21 years$2,761$2,207$1,749$1,375$1,074$834
22 years$2,608$2,060$1,612$1,250$963$737
23 years$2,468$1,927$1,488$1,138$864$652
24 years$2,340$1,805$1,376$1,038$777$577
25 years$2,222$1,694$1,275$948$699$511
26 years$2,114$1,592$1,182$867$630$453
27 years$2,014$1,498$1,098$794$568$402
28 years$1,921$1,412$1,020$727$512$357
29 years$1,835$1,332$950$667$462$318
30 years$1,755$1,258$885$612$418$282
31 years$1,680$1,189$825$562$378$251
32 years$1,609$1,125$769$517$342$224
33 years$1,544$1,066$718$475$309$199
34 years$1,482$1,010$671$437$280$177
35 years$1,424$958$628$402$254$158
36 years$1,369$909$587$371$230$141
37 years$1,317$863$549$341$208$125
38 years$1,269$821$515$315$189$112
39 years$1,222$780$482$290$171$100
40 years$1,178$742$452$268$155$89
41 years$1,137$707$424$247$141$79
42 years$1,097$673$397$228$128$71
43 years$1,060$641$373$210$116$63
44 years$1,024$611$350$194$105$56
45 years$990$583$329$179$96$50
46 years$958$556$309$166$87$45
47 years$927$531$290$153$79$40
48 years$897$507$273$141$72$36
49 years$869$484$256$131$65$32
50 years$842$462$241$121$59$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $862,000, adding $5,743 every year, while hoping to spend $47,675 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: 41/33/26 Blend
56$862,000$862,000$862,000$862,000
57$955,848$910,162$896,801$987,526
58$1,002,619$904,034$876,118$1,004,758
59$1,052,562$896,008$853,144$1,018,478
60$1,105,951$885,940$827,753$1,032,402
61$1,163,086$873,680$799,810$1,046,578
62$1,224,296$859,064$769,178$1,061,060
63$1,289,939$841,924$735,711$1,075,913
64$1,360,412$822,078$699,257$1,091,213
65$1,436,149$799,334$659,657$1,107,047
66$1,517,626$773,491$616,745$1,123,515
67$1,605,366$744,334$570,348$1,140,733
68$1,699,943$711,636$520,284$1,158,834
69$1,801,987$675,156$466,364$1,177,968
70$1,912,193$634,642$408,390$1,198,308
71$2,031,321$589,824$346,156$1,220,050
72$2,160,209$540,419$279,446$1,243,416
73$2,299,778$486,126$208,034$1,268,656
74$2,451,037$426,629$131,685$1,296,056
75$2,615,101$361,592$50,154$1,325,936
76$2,793,192$290,660$0$1,358,658
77$2,986,656$213,461$0$1,404,852
78$3,196,972$129,598$0$1,470,265
79$3,425,770$38,655$0$1,541,559
80$3,674,841$0$0$1,619,389
81$3,946,155$0$0$1,726,205
82$4,241,883$0$0$1,858,033
83$4,564,411$0$0$2,001,914
84$4,916,368$0$0$2,159,033
85$5,300,645$0$0$2,330,695
86$5,720,427$0$0$2,518,337
87$6,179,219$0$0$2,723,542
88$6,680,881$0$0$2,948,049
89$7,229,660$0$0$3,193,777
90$7,830,235$0$0$3,462,838
91$8,487,758$0$0$3,757,557
92$9,207,902$0$0$4,080,495
93$9,996,914$0$0$4,434,473
94$10,861,675$0$0$4,822,595
95$11,809,760$0$0$5,248,284
96$12,849,517$0$0$5,715,307
97$13,990,136$0$0$6,227,815
98$15,241,742$0$0$6,790,380
99$16,615,488$0$0$7,408,037
100$18,123,657$0$0$8,086,334