Can I retire at age 57 with 863,000?

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 $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%18.8%
1 years$71,266$70,631$70,012$69,407$68,817$66,375
2 years$35,280$34,623$33,986$33,369$32,770$30,336
3 years$23,286$22,627$21,991$21,380$20,791$18,441
4 years$17,291$16,633$16,004$15,403$14,828$12,581
5 years$13,694$13,040$12,420$11,831$11,272$9,133
6 years$11,297$10,648$10,037$9,461$8,919$6,889
7 years$9,586$8,943$8,341$7,779$7,254$5,333
8 years$8,303$7,665$7,074$6,525$6,018$4,205
9 years$7,306$6,674$6,093$5,558$5,068$3,360
10 years$6,508$5,883$5,312$4,791$4,318$2,713
11 years$5,856$5,237$4,676$4,170$3,714$2,208
12 years$5,314$4,701$4,150$3,657$3,218$1,808
13 years$4,855$4,248$3,708$3,229$2,806$1,488
14 years$4,461$3,861$3,331$2,866$2,460$1,229
15 years$4,121$3,527$3,008$2,556$2,166$1,019
16 years$3,823$3,236$2,727$2,289$1,914$846
17 years$3,561$2,981$2,482$2,056$1,697$705
18 years$3,328$2,754$2,265$1,853$1,509$588
19 years$3,120$2,553$2,074$1,675$1,345$491
20 years$2,933$2,372$1,903$1,517$1,202$411
21 years$2,764$2,209$1,751$1,376$1,075$344
22 years$2,611$2,062$1,613$1,252$964$288
23 years$2,471$1,929$1,490$1,140$865$242
24 years$2,343$1,807$1,378$1,040$778$203
25 years$2,225$1,696$1,276$949$700$170
26 years$2,117$1,594$1,184$868$630$143
27 years$2,016$1,500$1,099$795$568$120
28 years$1,923$1,414$1,022$728$513$101
29 years$1,837$1,334$951$668$463$85
30 years$1,757$1,259$886$613$418$71
31 years$1,682$1,191$826$563$378$60
32 years$1,611$1,126$770$517$342$51
33 years$1,546$1,067$719$476$310$43
34 years$1,484$1,011$672$438$280$36
35 years$1,425$959$628$403$254$30
36 years$1,371$910$588$371$230$25
37 years$1,319$864$550$342$209$21
38 years$1,270$822$515$315$189$18
39 years$1,224$781$483$290$171$15
40 years$1,180$743$452$268$155$13
41 years$1,138$708$424$247$141$11
42 years$1,099$674$398$228$128$9
43 years$1,061$642$373$211$116$8
44 years$1,025$612$350$194$105$6
45 years$991$584$329$180$96$5
46 years$959$557$309$166$87$5
47 years$928$531$290$153$79$4
48 years$898$507$273$142$72$3
49 years$870$484$256$131$65$3
50 years$843$463$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 $863,000, adding $3,580 every year, while hoping to spend $41,840 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: 40/42/18 Blend
56$863,000$863,000$863,000$863,000
57$954,719$908,980$895,603$987,678
58$1,007,583$909,002$881,089$1,011,541
59$1,064,436$907,624$864,685$1,033,037
60$1,125,643$904,731$846,286$1,055,417
61$1,191,600$900,205$825,778$1,078,783
62$1,262,746$893,917$803,045$1,103,248
63$1,339,561$885,735$777,962$1,128,944
64$1,422,574$875,513$750,401$1,156,016
65$1,512,365$863,102$720,228$1,184,629
66$1,609,573$848,340$687,302$1,214,966
67$1,714,898$831,058$651,476$1,247,236
68$1,829,113$811,075$612,596$1,281,670
69$1,953,066$788,201$570,501$1,318,528
70$2,087,689$762,233$525,023$1,358,102
71$2,234,010$732,959$475,987$1,400,718
72$2,393,156$700,151$423,210$1,446,738
73$2,566,370$663,571$366,501$1,496,571
74$2,755,020$622,966$305,658$1,550,670
75$2,960,608$578,068$240,474$1,609,541
76$3,184,791$528,594$170,731$1,673,749
77$3,429,390$474,245$96,200$1,743,924
78$3,696,409$414,705$16,645$1,820,764
79$3,988,058$349,640$0$1,905,052
80$4,306,765$278,697$0$2,010,763
81$4,655,205$201,504$0$2,130,016
82$5,036,325$117,666$0$2,260,737
83$5,453,367$26,769$0$2,404,172
84$5,909,902$0$0$2,561,700
85$6,409,863$0$0$2,767,955
86$6,957,581$0$0$3,007,577
87$7,557,824$0$0$3,270,295
88$8,215,844$0$0$3,558,423
89$8,937,427$0$0$3,874,509
90$9,728,944$0$0$4,221,358
91$10,597,412$0$0$4,602,064
92$11,550,562$0$0$5,020,030
93$12,596,908$0$0$5,479,008
94$13,745,829$0$0$5,983,131
95$15,007,657$0$0$6,536,950
96$16,393,774$0$0$7,145,479
97$17,916,718$0$0$7,814,245
98$19,590,302$0$0$8,549,332
99$21,429,743$0$0$9,357,446
100$23,451,805$0$0$10,245,975