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%13.5%
1 years$71,348$70,713$70,093$69,488$68,897$67,895
2 years$35,321$34,663$34,026$33,407$32,808$31,801
3 years$23,313$22,653$22,017$21,404$20,815$19,834
4 years$17,311$16,652$16,023$15,421$14,845$13,898
5 years$13,710$13,055$12,434$11,845$11,285$10,374
6 years$11,311$10,661$10,049$9,472$8,930$8,055
7 years$9,597$8,953$8,350$7,788$7,262$6,426
8 years$8,313$7,674$7,082$6,533$6,025$5,226
9 years$7,314$6,682$6,100$5,565$5,074$4,312
10 years$6,516$5,890$5,318$4,797$4,323$3,598
11 years$5,863$5,243$4,682$4,175$3,718$3,028
12 years$5,320$4,706$4,155$3,662$3,222$2,567
13 years$4,860$4,253$3,712$3,233$2,810$2,189
14 years$4,467$3,866$3,335$2,870$2,463$1,875
15 years$4,126$3,531$3,011$2,559$2,168$1,613
16 years$3,828$3,240$2,730$2,291$1,916$1,392
17 years$3,565$2,984$2,484$2,059$1,699$1,205
18 years$3,332$2,757$2,268$1,855$1,511$1,045
19 years$3,124$2,555$2,076$1,677$1,347$908
20 years$2,936$2,375$1,905$1,518$1,203$791
21 years$2,767$2,212$1,753$1,378$1,076$690
22 years$2,614$2,065$1,615$1,253$965$602
23 years$2,474$1,931$1,491$1,141$866$527
24 years$2,345$1,809$1,379$1,041$779$461
25 years$2,228$1,698$1,278$951$701$404
26 years$2,119$1,596$1,185$869$631$354
27 years$2,019$1,502$1,100$795$569$310
28 years$1,926$1,415$1,023$729$513$272
29 years$1,839$1,335$952$668$464$239
30 years$1,759$1,261$887$613$419$210
31 years$1,684$1,192$827$563$379$184
32 years$1,613$1,128$771$518$343$162
33 years$1,547$1,068$720$476$310$143
34 years$1,485$1,012$673$438$281$125
35 years$1,427$960$629$403$254$110
36 years$1,372$911$588$371$230$97
37 years$1,320$865$551$342$209$85
38 years$1,271$823$516$315$189$75
39 years$1,225$782$483$291$172$66
40 years$1,181$744$453$268$156$58
41 years$1,140$708$425$247$141$51
42 years$1,100$675$398$228$128$45
43 years$1,062$643$374$211$116$40
44 years$1,027$613$351$195$106$35
45 years$992$584$329$180$96$31
46 years$960$557$309$166$87$27
47 years$929$532$291$153$79$24
48 years$899$508$273$142$72$21
49 years$871$485$257$131$65$19
50 years$844$463$241$121$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $864,000, adding $2,209 every year, while hoping to spend $32,155 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: 29/48/23 Blend
56$864,000$864,000$864,000$864,000
57$954,407$908,615$895,223$975,175
58$1,017,543$918,924$891,000$1,001,759
59$1,086,042$928,661$885,558$1,027,324
60$1,160,417$937,763$878,822$1,054,142
61$1,241,231$946,165$870,714$1,082,342
62$1,329,105$953,796$861,151$1,112,066
63$1,424,722$960,580$850,049$1,143,474
64$1,528,833$966,439$837,315$1,176,746
65$1,642,266$971,286$822,857$1,212,079
66$1,765,930$975,032$806,576$1,249,697
67$1,900,827$977,580$788,368$1,289,847
68$2,048,058$978,829$768,125$1,332,802
69$2,208,838$978,669$745,735$1,378,871
70$2,384,501$976,985$721,079$1,428,393
71$2,576,518$973,655$694,033$1,481,747
72$2,786,508$968,550$664,468$1,539,355
73$3,016,253$961,530$632,249$1,601,685
74$3,267,717$952,450$597,235$1,669,257
75$3,543,059$941,156$559,277$1,742,649
76$3,844,660$927,482$518,223$1,822,502
77$4,175,142$911,254$473,909$1,909,527
78$4,537,389$892,289$426,168$2,004,515
79$4,934,582$870,390$374,824$2,108,340
80$5,370,222$845,352$319,693$2,221,975
81$5,848,165$816,954$260,583$2,346,496
82$6,372,658$784,966$197,293$2,483,097
83$6,948,381$749,141$129,614$2,633,098
84$7,580,488$709,221$57,329$2,797,966
85$8,274,656$664,931$0$2,979,322
86$9,037,140$615,981$0$3,183,825
87$9,874,828$562,065$0$3,423,931
88$10,795,312$502,857$0$3,687,818
89$11,806,952$438,015$0$3,977,986
90$12,918,961$367,178$0$4,297,195
91$14,141,488$289,962$0$4,648,496
92$15,485,713$205,964$0$5,035,258
93$16,963,955$114,756$0$5,461,203
94$18,589,788$15,887$0$5,930,440
95$20,378,163$0$0$6,447,508
96$22,345,558$0$0$7,065,546
97$24,510,126$0$0$7,754,915
98$26,891,866$0$0$8,513,614
99$29,512,818$0$0$9,348,683
100$32,397,263$0$0$10,267,878