Can I retire at age 57 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$71,266$70,631$70,012$69,407$68,817$68,469
2 years$35,280$34,623$33,986$33,369$32,770$32,419
3 years$23,286$22,627$21,991$21,380$20,791$20,447
4 years$17,291$16,633$16,004$15,403$14,828$14,495
5 years$13,694$13,040$12,420$11,831$11,272$10,950
6 years$11,297$10,648$10,037$9,461$8,919$8,609
7 years$9,586$8,943$8,341$7,779$7,254$6,956
8 years$8,303$7,665$7,074$6,525$6,018$5,732
9 years$7,306$6,674$6,093$5,558$5,068$4,793
10 years$6,508$5,883$5,312$4,791$4,318$4,055
11 years$5,856$5,237$4,676$4,170$3,714$3,462
12 years$5,314$4,701$4,150$3,657$3,218$2,978
13 years$4,855$4,248$3,708$3,229$2,806$2,577
14 years$4,461$3,861$3,331$2,866$2,460$2,242
15 years$4,121$3,527$3,008$2,556$2,166$1,958
16 years$3,823$3,236$2,727$2,289$1,914$1,717
17 years$3,561$2,981$2,482$2,056$1,697$1,510
18 years$3,328$2,754$2,265$1,853$1,509$1,332
19 years$3,120$2,553$2,074$1,675$1,345$1,177
20 years$2,933$2,372$1,903$1,517$1,202$1,042
21 years$2,764$2,209$1,751$1,376$1,075$925
22 years$2,611$2,062$1,613$1,252$964$821
23 years$2,471$1,929$1,490$1,140$865$731
24 years$2,343$1,807$1,378$1,040$778$651
25 years$2,225$1,696$1,276$949$700$580
26 years$2,117$1,594$1,184$868$630$518
27 years$2,016$1,500$1,099$795$568$463
28 years$1,923$1,414$1,022$728$513$414
29 years$1,837$1,334$951$668$463$370
30 years$1,757$1,259$886$613$418$331
31 years$1,682$1,191$826$563$378$296
32 years$1,611$1,126$770$517$342$266
33 years$1,546$1,067$719$476$310$238
34 years$1,484$1,011$672$438$280$213
35 years$1,425$959$628$403$254$191
36 years$1,371$910$588$371$230$172
37 years$1,319$864$550$342$209$154
38 years$1,270$822$515$315$189$138
39 years$1,224$781$483$290$171$124
40 years$1,180$743$452$268$155$111
41 years$1,138$708$424$247$141$100
42 years$1,099$674$398$228$128$90
43 years$1,061$642$373$211$116$81
44 years$1,025$612$350$194$105$72
45 years$991$584$329$180$96$65
46 years$959$557$309$166$87$59
47 years$928$531$290$153$79$53
48 years$898$507$273$142$72$47
49 years$870$484$256$131$65$42
50 years$843$463$241$121$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $863,000, adding $6,241 every year, while hoping to spend $45,164 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: 79/10/11 Blend
56$863,000$863,000$863,000$863,000
57$957,464$911,725$898,348$1,030,743
58$1,007,071$908,345$880,389$1,076,393
59$1,060,224$903,286$860,314$1,119,989
60$1,117,238$896,418$838,005$1,166,507
61$1,178,456$887,602$813,338$1,216,217
62$1,244,258$876,694$786,184$1,269,419
63$1,315,057$863,537$756,407$1,326,443
64$1,391,311$847,968$723,864$1,387,653
65$1,473,519$829,813$688,408$1,453,448
66$1,562,231$808,887$649,883$1,524,273
67$1,658,052$784,996$608,128$1,600,613
68$1,761,646$757,934$562,972$1,683,005
69$1,873,743$727,481$514,240$1,772,044
70$1,995,144$693,407$461,747$1,868,381
71$2,126,731$655,467$405,298$1,972,737
72$2,269,476$613,403$344,694$2,085,907
73$2,424,443$566,940$279,722$2,208,767
74$2,592,807$515,791$210,163$2,342,283
75$2,775,858$459,649$135,788$2,487,520
76$2,975,015$398,192$56,357$2,645,654
77$3,191,841$331,077$0$2,817,980
78$3,428,054$257,946$0$3,009,263
79$3,685,547$178,416$0$3,225,019
80$3,966,400$92,086$0$3,460,398
81$4,272,906$0$0$3,717,348
82$4,607,586$0$0$3,998,181
83$4,973,218$0$0$4,316,080
84$5,372,856$0$0$4,663,572
85$5,809,868$0$0$5,043,587
86$6,287,958$0$0$5,459,350
87$6,811,205$0$0$5,914,412
88$7,384,103$0$0$6,412,683
89$8,011,599$0$0$6,958,472
90$8,699,140$0$0$7,556,519
91$9,452,726$0$0$8,212,047
92$10,278,966$0$0$8,930,810
93$11,185,137$0$0$9,719,142
94$12,179,256$0$0$10,584,022
95$13,270,151$0$0$11,533,136
96$14,467,550$0$0$12,574,949
97$15,782,164$0$0$13,718,790
98$17,225,794$0$0$14,974,929
99$18,811,442$0$0$16,354,684
100$20,553,427$0$0$17,870,523