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%12.9%
1 years$71,431$70,795$70,174$69,568$68,976$68,143
2 years$35,362$34,703$34,065$33,446$32,846$32,007
3 years$23,340$22,679$22,042$21,429$20,839$20,021
4 years$17,331$16,671$16,041$15,439$14,862$14,071
5 years$13,726$13,071$12,449$11,858$11,298$10,536
6 years$11,324$10,673$10,060$9,483$8,940$8,208
7 years$9,608$8,963$8,360$7,797$7,270$6,569
8 years$8,322$7,683$7,090$6,540$6,032$5,361
9 years$7,323$6,690$6,107$5,571$5,079$4,439
10 years$6,524$5,897$5,324$4,802$4,328$3,717
11 years$5,870$5,249$4,687$4,179$3,722$3,141
12 years$5,326$4,712$4,160$3,666$3,226$2,673
13 years$4,866$4,258$3,716$3,236$2,813$2,288
14 years$4,472$3,870$3,339$2,873$2,466$1,968
15 years$4,131$3,536$3,015$2,562$2,171$1,700
16 years$3,832$3,244$2,733$2,294$1,919$1,473
17 years$3,569$2,987$2,487$2,061$1,701$1,280
18 years$3,336$2,761$2,271$1,858$1,513$1,115
19 years$3,127$2,558$2,079$1,679$1,348$974
20 years$2,940$2,377$1,908$1,520$1,204$852
21 years$2,770$2,214$1,755$1,380$1,078$746
22 years$2,617$2,067$1,617$1,254$966$655
23 years$2,476$1,933$1,493$1,142$867$575
24 years$2,348$1,811$1,381$1,042$779$505
25 years$2,230$1,700$1,279$952$701$445
26 years$2,121$1,598$1,186$870$632$392
27 years$2,021$1,504$1,102$796$570$345
28 years$1,928$1,417$1,024$730$514$304
29 years$1,841$1,337$953$669$464$269
30 years$1,761$1,262$888$614$419$237
31 years$1,686$1,193$828$564$379$209
32 years$1,615$1,129$772$518$343$185
33 years$1,549$1,069$721$477$310$163
34 years$1,487$1,013$674$439$281$144
35 years$1,429$961$630$404$255$128
36 years$1,374$912$589$372$231$113
37 years$1,322$866$551$343$209$100
38 years$1,273$823$516$316$189$88
39 years$1,227$783$484$291$172$78
40 years$1,183$745$453$269$156$69
41 years$1,141$709$425$248$141$61
42 years$1,101$675$399$229$128$54
43 years$1,064$644$374$211$116$48
44 years$1,028$613$351$195$106$42
45 years$994$585$330$180$96$38
46 years$961$558$310$166$87$33
47 years$930$533$291$154$79$29
48 years$900$508$274$142$72$26
49 years$872$485$257$131$65$23
50 years$845$464$242$121$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $865,000, adding $5,370 every year, while hoping to spend $51,324 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: 50/37/13 Blend
56$865,000$865,000$865,000$865,000
57$958,769$912,924$899,517$1,003,063
58$1,001,955$903,049$875,042$1,024,157
59$1,047,826$890,970$848,028$1,041,240
60$1,096,602$876,525$818,334$1,058,650
61$1,148,522$859,541$785,815$1,076,432
62$1,203,850$839,838$750,319$1,094,640
63$1,262,875$817,222$711,686$1,113,337
64$1,325,911$791,488$669,750$1,132,595
65$1,393,305$762,422$624,338$1,152,499
66$1,465,435$729,795$575,267$1,173,143
67$1,542,719$693,364$522,348$1,194,638
68$1,625,611$652,874$465,381$1,217,110
69$1,714,613$608,054$404,161$1,240,701
70$1,810,274$558,619$338,471$1,265,575
71$1,913,196$504,265$268,084$1,291,915
72$2,024,042$444,674$192,764$1,319,932
73$2,143,539$379,508$112,266$1,349,862
74$2,272,485$308,409$26,332$1,381,971
75$2,411,758$231,001$0$1,416,562
76$2,562,323$146,885$0$1,463,042
77$2,725,239$55,642$0$1,517,211
78$2,901,672$0$0$1,575,884
79$3,092,903$0$0$1,657,161
80$3,300,340$0$0$1,769,977
81$3,525,532$0$0$1,892,530
82$3,770,183$0$0$2,025,757
83$4,036,167$0$0$2,170,688
84$4,325,547$0$0$2,328,460
85$4,640,591$0$0$2,500,319
86$4,983,796$0$0$2,687,640
87$5,357,907$0$0$2,891,935
88$5,765,950$0$0$3,114,868
89$6,211,252$0$0$3,358,271
90$6,697,475$0$0$3,624,160
91$7,228,653$0$0$3,914,755
92$7,809,223$0$0$4,232,500
93$8,444,074$0$0$4,580,086
94$9,138,587$0$0$4,960,476
95$9,898,687$0$0$5,376,932
96$10,730,897$0$0$5,833,047
97$11,642,403$0$0$6,332,777
98$12,641,117$0$0$6,880,479
99$13,735,752$0$0$7,480,952
100$14,935,905$0$0$8,139,482