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%13.4%
1 years$71,348$70,713$70,093$69,488$68,897$67,923
2 years$35,321$34,663$34,026$33,407$32,808$31,829
3 years$23,313$22,653$22,017$21,404$20,815$19,861
4 years$17,311$16,652$16,023$15,421$14,845$13,924
5 years$13,710$13,055$12,434$11,845$11,285$10,399
6 years$11,311$10,661$10,049$9,472$8,930$8,079
7 years$9,597$8,953$8,350$7,788$7,262$6,448
8 years$8,313$7,674$7,082$6,533$6,025$5,247
9 years$7,314$6,682$6,100$5,565$5,074$4,332
10 years$6,516$5,890$5,318$4,797$4,323$3,617
11 years$5,863$5,243$4,682$4,175$3,718$3,046
12 years$5,320$4,706$4,155$3,662$3,222$2,584
13 years$4,860$4,253$3,712$3,233$2,810$2,205
14 years$4,467$3,866$3,335$2,870$2,463$1,890
15 years$4,126$3,531$3,011$2,559$2,168$1,627
16 years$3,828$3,240$2,730$2,291$1,916$1,405
17 years$3,565$2,984$2,484$2,059$1,699$1,217
18 years$3,332$2,757$2,268$1,855$1,511$1,056
19 years$3,124$2,555$2,076$1,677$1,347$919
20 years$2,936$2,375$1,905$1,518$1,203$801
21 years$2,767$2,212$1,753$1,378$1,076$699
22 years$2,614$2,065$1,615$1,253$965$611
23 years$2,474$1,931$1,491$1,141$866$534
24 years$2,345$1,809$1,379$1,041$779$468
25 years$2,228$1,698$1,278$951$701$410
26 years$2,119$1,596$1,185$869$631$360
27 years$2,019$1,502$1,100$795$569$316
28 years$1,926$1,415$1,023$729$513$277
29 years$1,839$1,335$952$668$464$244
30 years$1,759$1,261$887$613$419$214
31 years$1,684$1,192$827$563$379$188
32 years$1,613$1,128$771$518$343$166
33 years$1,547$1,068$720$476$310$146
34 years$1,485$1,012$673$438$281$128
35 years$1,427$960$629$403$254$113
36 years$1,372$911$588$371$230$99
37 years$1,320$865$551$342$209$88
38 years$1,271$823$516$315$189$77
39 years$1,225$782$483$291$172$68
40 years$1,181$744$453$268$156$60
41 years$1,140$708$425$247$141$53
42 years$1,100$675$398$228$128$47
43 years$1,062$643$374$211$116$41
44 years$1,027$613$351$195$106$36
45 years$992$584$329$180$96$32
46 years$960$557$309$166$87$28
47 years$929$532$291$153$79$25
48 years$899$508$273$142$72$22
49 years$871$485$257$131$65$19
50 years$844$463$241$121$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $864,000, adding $3,410 every year, while hoping to spend $53,154 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: 50/25/25 Blend
56$864,000$864,000$864,000$864,000
57$955,645$909,853$896,461$996,541
58$996,566$897,881$869,937$1,013,398
59$1,039,879$883,540$840,743$1,026,087
60$1,085,772$866,659$808,734$1,038,808
61$1,134,450$847,055$773,756$1,051,587
62$1,186,139$824,536$735,652$1,064,457
63$1,241,083$798,896$694,254$1,077,455
64$1,299,551$769,919$649,389$1,090,629
65$1,361,837$737,377$600,876$1,104,034
66$1,428,263$701,027$548,523$1,117,733
67$1,499,181$660,612$492,134$1,131,804
68$1,574,977$615,862$431,500$1,146,335
69$1,656,076$566,490$366,406$1,161,428
70$1,742,940$512,193$296,626$1,177,201
71$1,836,081$452,651$221,923$1,193,790
72$1,936,055$387,525$142,052$1,211,351
73$2,043,476$316,458$56,754$1,230,061
74$2,159,018$239,071$0$1,250,123
75$2,283,419$154,967$0$1,280,910
76$2,417,491$63,723$0$1,330,291
77$2,562,124$0$0$1,383,485
78$2,718,299$0$0$1,450,565
79$2,887,091$0$0$1,542,082
80$3,069,682$0$0$1,641,156
81$3,267,374$0$0$1,748,501
82$3,481,594$0$0$1,864,904
83$3,713,915$0$0$1,991,229
84$3,966,064$0$0$2,128,426
85$4,239,942$0$0$2,277,541
86$4,537,640$0$0$2,439,725
87$4,861,457$0$0$2,616,242
88$5,213,925$0$0$2,808,486
89$5,597,828$0$0$3,017,988
90$6,016,229$0$0$3,246,435
91$6,472,501$0$0$3,495,683
92$6,970,355$0$0$3,767,775
93$7,513,877$0$0$4,064,959
94$8,107,562$0$0$4,389,711
95$8,756,363$0$0$4,744,757
96$9,465,729$0$0$5,133,098
97$10,241,661$0$0$5,558,038
98$11,090,767$0$0$6,023,214
99$12,020,322$0$0$6,532,633
100$13,038,338$0$0$7,090,707