Can I retire at age 57 with 862,000?

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 $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%18.6%
1 years$71,183$70,549$69,930$69,327$68,737$66,351
2 years$35,239$34,583$33,947$33,330$32,732$30,353
3 years$23,259$22,600$21,966$21,355$20,766$18,469
4 years$17,271$16,614$15,986$15,385$14,811$12,612
5 years$13,678$13,025$12,405$11,817$11,259$9,165
6 years$11,284$10,636$10,025$9,450$8,909$6,922
7 years$9,575$8,932$8,331$7,770$7,245$5,364
8 years$8,294$7,657$7,065$6,518$6,011$4,234
9 years$7,297$6,666$6,086$5,552$5,062$3,388
10 years$6,501$5,876$5,305$4,786$4,313$2,739
11 years$5,850$5,231$4,671$4,165$3,709$2,232
12 years$5,307$4,695$4,145$3,653$3,214$1,830
13 years$4,849$4,243$3,704$3,225$2,803$1,508
14 years$4,456$3,857$3,328$2,863$2,457$1,247
15 years$4,116$3,523$3,004$2,553$2,163$1,035
16 years$3,819$3,233$2,724$2,286$1,912$862
17 years$3,557$2,977$2,479$2,054$1,695$719
18 years$3,324$2,751$2,263$1,851$1,507$600
19 years$3,117$2,550$2,071$1,673$1,344$502
20 years$2,930$2,369$1,901$1,515$1,200$421
21 years$2,761$2,207$1,749$1,375$1,074$353
22 years$2,608$2,060$1,612$1,250$963$296
23 years$2,468$1,927$1,488$1,138$864$249
24 years$2,340$1,805$1,376$1,038$777$209
25 years$2,222$1,694$1,275$948$699$176
26 years$2,114$1,592$1,182$867$630$148
27 years$2,014$1,498$1,098$794$568$125
28 years$1,921$1,412$1,020$727$512$105
29 years$1,835$1,332$950$667$462$88
30 years$1,755$1,258$885$612$418$74
31 years$1,680$1,189$825$562$378$63
32 years$1,609$1,125$769$517$342$53
33 years$1,544$1,066$718$475$309$44
34 years$1,482$1,010$671$437$280$37
35 years$1,424$958$628$402$254$32
36 years$1,369$909$587$371$230$27
37 years$1,317$863$549$341$208$22
38 years$1,269$821$515$315$189$19
39 years$1,222$780$482$290$171$16
40 years$1,178$742$452$268$155$13
41 years$1,137$707$424$247$141$11
42 years$1,097$673$397$228$128$10
43 years$1,060$641$373$210$116$8
44 years$1,024$611$350$194$105$7
45 years$990$583$329$179$96$6
46 years$958$556$309$166$87$5
47 years$927$531$290$153$79$4
48 years$897$507$273$141$72$3
49 years$869$484$256$131$65$3
50 years$842$462$241$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $862,000, adding $4,371 every year, while hoping to spend $43,704 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: 61/16/23 Blend
56$862,000$862,000$862,000$862,000
57$954,433$908,747$895,386$1,006,600
58$1,005,284$906,775$878,880$1,040,496
59$1,059,858$903,241$860,357$1,072,299
60$1,118,487$898,023$839,703$1,106,042
61$1,181,537$890,992$816,798$1,141,923
62$1,249,412$882,008$791,518$1,180,157
63$1,322,551$870,925$763,733$1,220,987
64$1,401,440$857,590$733,307$1,264,680
65$1,486,611$841,836$700,098$1,311,533
66$1,578,650$823,490$663,955$1,361,875
67$1,678,200$802,369$624,725$1,416,070
68$1,785,967$778,275$582,244$1,474,522
69$1,902,729$751,004$536,343$1,537,679
70$2,029,340$720,337$486,843$1,606,036
71$2,166,741$686,041$433,561$1,680,143
72$2,315,964$647,873$376,301$1,760,607
73$2,478,147$605,573$314,861$1,848,102
74$2,654,541$558,869$249,031$1,943,371
75$2,846,520$507,469$178,590$2,047,240
76$3,055,600$451,070$103,308$2,160,619
77$3,283,445$389,347$22,943$2,284,518
78$3,531,891$321,959$0$2,420,052
79$3,802,954$248,546$0$2,583,873
80$4,098,857$168,726$0$2,768,938
81$4,422,043$82,096$0$2,971,187
82$4,775,206$0$0$3,192,358
83$5,161,307$0$0$3,436,438
84$5,583,610$0$0$3,719,276
85$6,045,708$0$0$4,028,832
86$6,551,555$0$0$4,367,763
87$7,105,508$0$0$4,738,998
88$7,712,364$0$0$5,145,758
89$8,377,405$0$0$5,591,594
90$9,106,449$0$0$6,080,416
91$9,905,903$0$0$6,616,531
92$10,782,826$0$0$7,204,680
93$11,744,991$0$0$7,850,088
94$12,800,959$0$0$8,558,509
95$13,960,162$0$0$9,336,282
96$15,232,990$0$0$10,190,390
97$16,630,886$0$0$11,128,523
98$18,166,457$0$0$12,159,156
99$19,853,593$0$0$13,291,622
100$21,707,592$0$0$14,536,205