Can I retire at age 57 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$71,431$70,795$70,174$69,568$68,976$67,778
2 years$35,362$34,703$34,065$33,446$32,846$31,642
3 years$23,340$22,679$22,042$21,429$20,839$19,668
4 years$17,331$16,671$16,041$15,439$14,862$13,733
5 years$13,726$13,071$12,449$11,858$11,298$10,213
6 years$11,324$10,673$10,060$9,483$8,940$7,901
7 years$9,608$8,963$8,360$7,797$7,270$6,278
8 years$8,322$7,683$7,090$6,540$6,032$5,085
9 years$7,323$6,690$6,107$5,571$5,079$4,178
10 years$6,524$5,897$5,324$4,802$4,328$3,471
11 years$5,870$5,249$4,687$4,179$3,722$2,909
12 years$5,326$4,712$4,160$3,666$3,226$2,455
13 years$4,866$4,258$3,716$3,236$2,813$2,084
14 years$4,472$3,870$3,339$2,873$2,466$1,777
15 years$4,131$3,536$3,015$2,562$2,171$1,521
16 years$3,832$3,244$2,733$2,294$1,919$1,306
17 years$3,569$2,987$2,487$2,061$1,701$1,125
18 years$3,336$2,761$2,271$1,858$1,513$971
19 years$3,127$2,558$2,079$1,679$1,348$840
20 years$2,940$2,377$1,908$1,520$1,204$727
21 years$2,770$2,214$1,755$1,380$1,078$631
22 years$2,617$2,067$1,617$1,254$966$548
23 years$2,476$1,933$1,493$1,142$867$476
24 years$2,348$1,811$1,381$1,042$779$415
25 years$2,230$1,700$1,279$952$701$361
26 years$2,121$1,598$1,186$870$632$315
27 years$2,021$1,504$1,102$796$570$275
28 years$1,928$1,417$1,024$730$514$240
29 years$1,841$1,337$953$669$464$209
30 years$1,761$1,262$888$614$419$183
31 years$1,686$1,193$828$564$379$160
32 years$1,615$1,129$772$518$343$139
33 years$1,549$1,069$721$477$310$122
34 years$1,487$1,013$674$439$281$107
35 years$1,429$961$630$404$255$93
36 years$1,374$912$589$372$231$81
37 years$1,322$866$551$343$209$71
38 years$1,273$823$516$316$189$62
39 years$1,227$783$484$291$172$55
40 years$1,183$745$453$269$156$48
41 years$1,141$709$425$248$141$42
42 years$1,101$675$399$229$128$37
43 years$1,064$644$374$211$116$32
44 years$1,028$613$351$195$106$28
45 years$994$585$330$180$96$25
46 years$961$558$310$166$87$21
47 years$930$533$291$154$79$19
48 years$900$508$274$142$72$16
49 years$872$485$257$131$65$14
50 years$845$464$242$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $865,000, adding $5,536 every year, while hoping to spend $45,012 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: 40/36/24 Blend
56$865,000$865,000$865,000$865,000
57$958,940$913,095$899,688$990,301
58$1,008,860$909,945$881,935$1,010,276
59$1,062,363$905,131$862,079$1,027,217
60$1,119,766$898,525$840,001$1,044,654
61$1,181,420$889,991$815,579$1,062,657
62$1,247,707$879,382$788,683$1,081,308
63$1,319,047$866,546$759,178$1,100,703
64$1,395,903$851,319$726,923$1,120,947
65$1,478,780$833,529$691,770$1,142,163
66$1,568,236$812,993$653,565$1,164,488
67$1,664,884$789,517$612,147$1,188,080
68$1,769,395$762,896$567,347$1,213,116
69$1,882,509$732,914$518,989$1,239,796
70$2,005,039$699,341$466,889$1,268,347
71$2,137,878$661,934$410,855$1,299,023
72$2,282,009$620,436$350,686$1,332,110
73$2,438,513$574,576$286,173$1,367,931
74$2,608,578$524,066$217,096$1,406,847
75$2,793,511$468,604$143,227$1,449,263
76$2,994,751$407,868$64,327$1,495,634
77$3,213,882$341,519$0$1,546,466
78$3,452,644$269,200$0$1,607,418
79$3,712,955$190,532$0$1,691,945
80$3,996,924$105,116$0$1,784,337
81$4,306,874$12,530$0$1,885,456
82$4,645,359$0$0$1,996,262
83$5,015,194$0$0$2,152,546
84$5,419,477$0$0$2,328,922
85$5,861,617$0$0$2,521,928
86$6,345,371$0$0$2,733,217
87$6,874,872$0$0$2,964,611
88$7,454,674$0$0$3,218,114
89$8,089,791$0$0$3,495,934
90$8,785,743$0$0$3,800,504
91$9,548,613$0$0$4,134,501
92$10,385,098$0$0$4,500,876
93$11,302,573$0$0$4,902,877
94$12,309,165$0$0$5,344,085
95$13,413,820$0$0$5,828,441
96$14,626,399$0$0$6,360,287
97$15,957,757$0$0$6,944,409
98$17,419,858$0$0$7,586,075
99$19,025,877$0$0$8,291,091
100$20,790,329$0$0$9,065,853