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%13.8%
1 years$71,266$70,631$70,012$69,407$68,817$67,733
2 years$35,280$34,623$33,986$33,369$32,770$31,680
3 years$23,286$22,627$21,991$21,380$20,791$19,730
4 years$17,291$16,633$16,004$15,403$14,828$13,804
5 years$13,694$13,040$12,420$11,831$11,272$10,288
6 years$11,297$10,648$10,037$9,461$8,919$7,976
7 years$9,586$8,943$8,341$7,779$7,254$6,351
8 years$8,303$7,665$7,074$6,525$6,018$5,156
9 years$7,306$6,674$6,093$5,558$5,068$4,247
10 years$6,508$5,883$5,312$4,791$4,318$3,537
11 years$5,856$5,237$4,676$4,170$3,714$2,972
12 years$5,314$4,701$4,150$3,657$3,218$2,514
13 years$4,855$4,248$3,708$3,229$2,806$2,140
14 years$4,461$3,861$3,331$2,866$2,460$1,829
15 years$4,121$3,527$3,008$2,556$2,166$1,570
16 years$3,823$3,236$2,727$2,289$1,914$1,352
17 years$3,561$2,981$2,482$2,056$1,697$1,168
18 years$3,328$2,754$2,265$1,853$1,509$1,011
19 years$3,120$2,553$2,074$1,675$1,345$877
20 years$2,933$2,372$1,903$1,517$1,202$762
21 years$2,764$2,209$1,751$1,376$1,075$663
22 years$2,611$2,062$1,613$1,252$964$578
23 years$2,471$1,929$1,490$1,140$865$504
24 years$2,343$1,807$1,378$1,040$778$440
25 years$2,225$1,696$1,276$949$700$384
26 years$2,117$1,594$1,184$868$630$336
27 years$2,016$1,500$1,099$795$568$294
28 years$1,923$1,414$1,022$728$513$257
29 years$1,837$1,334$951$668$463$225
30 years$1,757$1,259$886$613$418$197
31 years$1,682$1,191$826$563$378$173
32 years$1,611$1,126$770$517$342$152
33 years$1,546$1,067$719$476$310$133
34 years$1,484$1,011$672$438$280$117
35 years$1,425$959$628$403$254$102
36 years$1,371$910$588$371$230$90
37 years$1,319$864$550$342$209$79
38 years$1,270$822$515$315$189$69
39 years$1,224$781$483$290$171$61
40 years$1,180$743$452$268$155$53
41 years$1,138$708$424$247$141$47
42 years$1,099$674$398$228$128$41
43 years$1,061$642$373$211$116$36
44 years$1,025$612$350$194$105$32
45 years$991$584$329$180$96$28
46 years$959$557$309$166$87$25
47 years$928$531$290$153$79$22
48 years$898$507$273$142$72$19
49 years$870$484$256$131$65$17
50 years$843$463$241$121$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $863,000, adding $2,519 every year, while hoping to spend $48,910 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: 57/16/27 Blend
56$863,000$863,000$863,000$863,000
57$953,624$907,885$894,509$1,000,802
58$998,854$900,332$872,435$1,025,885
59$1,047,058$890,769$847,982$1,047,858
60$1,098,488$879,047$821,020$1,070,799
61$1,153,420$865,006$791,410$1,094,816
62$1,212,155$848,478$759,009$1,120,029
63$1,275,026$829,284$723,667$1,146,577
64$1,342,396$807,236$685,226$1,174,611
65$1,414,662$782,133$643,524$1,204,302
66$1,492,263$753,763$598,387$1,235,842
67$1,575,679$721,902$549,638$1,269,446
68$1,665,435$686,312$497,088$1,305,351
69$1,762,112$646,744$440,543$1,343,825
70$1,866,344$602,931$379,798$1,385,166
71$1,978,829$554,593$314,639$1,429,706
72$2,100,335$501,433$244,844$1,477,814
73$2,231,703$443,137$170,181$1,529,903
74$2,373,861$379,375$90,406$1,586,432
75$2,527,826$309,796$5,266$1,647,909
76$2,694,719$234,030$0$1,714,904
77$2,875,770$151,687$0$1,812,706
78$3,072,333$62,354$0$1,920,579
79$3,285,897$0$0$2,037,865
80$3,518,101$0$0$2,171,574
81$3,770,746$0$0$2,329,064
82$4,045,816$0$0$2,500,603
83$4,345,492$0$0$2,687,558
84$4,672,176$0$0$2,891,438
85$5,028,510$0$0$3,113,900
86$5,417,403$0$0$3,356,771
87$5,842,056$0$0$3,622,060
88$6,305,995$0$0$3,911,980
89$6,813,099$0$0$4,228,967
90$7,367,640$0$0$4,575,702
91$7,974,321$0$0$4,955,138
92$8,638,323$0$0$5,370,528
93$9,365,347$0$0$5,825,451
94$10,161,675$0$0$6,323,851
95$11,034,221$0$0$6,870,071
96$11,990,602$0$0$7,468,892
97$13,039,207$0$0$8,125,582
98$14,189,276$0$0$8,845,943
99$15,450,983$0$0$9,636,364
100$16,835,539$0$0$10,503,884