Can I retire at age 57 with 864,000?

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 $864,000?

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$71,348$70,713$70,093$69,488$68,897$68,319
2 years$35,321$34,663$34,026$33,407$32,808$32,226
3 years$23,313$22,653$22,017$21,404$20,815$20,246
4 years$17,311$16,652$16,023$15,421$14,845$14,295
5 years$13,710$13,055$12,434$11,845$11,285$10,754
6 years$11,311$10,661$10,049$9,472$8,930$8,419
7 years$9,597$8,953$8,350$7,788$7,262$6,772
8 years$8,313$7,674$7,082$6,533$6,025$5,555
9 years$7,314$6,682$6,100$5,565$5,074$4,624
10 years$6,516$5,890$5,318$4,797$4,323$3,893
11 years$5,863$5,243$4,682$4,175$3,718$3,308
12 years$5,320$4,706$4,155$3,662$3,222$2,831
13 years$4,860$4,253$3,712$3,233$2,810$2,437
14 years$4,467$3,866$3,335$2,870$2,463$2,109
15 years$4,126$3,531$3,011$2,559$2,168$1,833
16 years$3,828$3,240$2,730$2,291$1,916$1,598
17 years$3,565$2,984$2,484$2,059$1,699$1,398
18 years$3,332$2,757$2,268$1,855$1,511$1,225
19 years$3,124$2,555$2,076$1,677$1,347$1,077
20 years$2,936$2,375$1,905$1,518$1,203$948
21 years$2,767$2,212$1,753$1,378$1,076$836
22 years$2,614$2,065$1,615$1,253$965$739
23 years$2,474$1,931$1,491$1,141$866$653
24 years$2,345$1,809$1,379$1,041$779$578
25 years$2,228$1,698$1,278$951$701$512
26 years$2,119$1,596$1,185$869$631$454
27 years$2,019$1,502$1,100$795$569$403
28 years$1,926$1,415$1,023$729$513$358
29 years$1,839$1,335$952$668$464$318
30 years$1,759$1,261$887$613$419$283
31 years$1,684$1,192$827$563$379$252
32 years$1,613$1,128$771$518$343$224
33 years$1,547$1,068$720$476$310$200
34 years$1,485$1,012$673$438$281$178
35 years$1,427$960$629$403$254$158
36 years$1,372$911$588$371$230$141
37 years$1,320$865$551$342$209$126
38 years$1,271$823$516$315$189$112
39 years$1,225$782$483$291$172$100
40 years$1,181$744$453$268$156$89
41 years$1,140$708$425$247$141$79
42 years$1,100$675$398$228$128$71
43 years$1,062$643$374$211$116$63
44 years$1,027$613$351$195$106$56
45 years$992$584$329$180$96$50
46 years$960$557$309$166$87$45
47 years$929$532$291$153$79$40
48 years$899$508$273$142$72$36
49 years$871$485$257$131$65$32
50 years$844$463$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 $864,000, adding $6,541 every year, while hoping to spend $41,433 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: 72/20/8 Blend
56$864,000$864,000$864,000$864,000
57$958,875$913,083$899,691$1,026,181
58$1,012,596$913,740$885,746$1,072,158
59$1,070,408$913,040$869,946$1,116,694
60$1,132,684$910,873$852,183$1,164,306
61$1,199,835$907,123$832,349$1,215,287
62$1,272,311$901,665$810,325$1,269,957
63$1,350,607$894,368$785,992$1,328,673
64$1,435,268$885,091$759,222$1,391,826
65$1,526,892$873,687$729,883$1,459,850
66$1,626,137$859,999$697,835$1,533,221
67$1,733,724$843,861$662,934$1,612,467
68$1,850,450$825,096$625,028$1,698,168
69$1,977,188$803,517$583,959$1,790,967
70$2,114,900$778,929$539,560$1,891,572
71$2,264,644$751,120$491,660$2,000,763
72$2,427,584$719,871$440,076$2,119,404
73$2,604,999$684,947$384,621$2,248,445
74$2,798,300$646,101$325,097$2,388,936
75$3,009,037$603,070$261,298$2,542,036
76$3,238,916$555,577$193,009$2,709,023
77$3,489,816$503,331$120,005$2,891,309
78$3,763,805$446,022$42,052$3,090,449
79$4,063,158$383,322$0$3,308,160
80$4,390,382$314,886$0$3,549,850
81$4,748,235$240,350$0$3,818,157
82$5,139,755$159,327$0$4,111,815
83$5,568,288$71,412$0$4,433,394
84$6,037,515$0$0$4,785,727
85$6,551,493$0$0$5,177,179
86$7,114,689$0$0$5,623,378
87$7,732,021$0$0$6,112,511
88$8,408,908$0$0$6,648,875
89$9,151,316$0$0$7,237,204
90$9,965,818$0$0$7,882,712
91$10,859,652$0$0$8,591,142
92$11,840,794$0$0$9,368,820
93$12,918,025$0$0$10,222,716
94$14,101,023$0$0$11,160,504
95$15,400,445$0$0$12,190,642
96$16,828,033$0$0$13,322,444
97$18,396,723$0$0$14,566,173
98$20,120,765$0$0$15,933,135
99$22,015,857$0$0$17,435,785
100$24,099,296$0$0$19,087,846