Can I retire at age 57 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$71,513$70,876$70,255$69,648$69,056$67,196
2 years$35,403$34,743$34,104$33,485$32,884$31,023
3 years$23,367$22,705$22,068$21,454$20,863$19,060
4 years$17,351$16,691$16,060$15,456$14,880$13,148
5 years$13,742$13,086$12,463$11,872$11,311$9,656
6 years$11,337$10,685$10,072$9,494$8,950$7,372
7 years$9,619$8,974$8,370$7,806$7,279$5,779
8 years$8,332$7,692$7,098$6,548$6,039$4,616
9 years$7,331$6,697$6,114$5,577$5,085$3,738
10 years$6,531$5,903$5,330$4,808$4,333$3,060
11 years$5,877$5,255$4,693$4,184$3,726$2,526
12 years$5,332$4,717$4,165$3,670$3,229$2,099
13 years$4,871$4,263$3,721$3,240$2,816$1,753
14 years$4,477$3,875$3,343$2,876$2,468$1,470
15 years$4,135$3,540$3,018$2,565$2,173$1,238
16 years$3,837$3,248$2,737$2,297$1,921$1,045
17 years$3,574$2,991$2,490$2,064$1,703$885
18 years$3,340$2,764$2,273$1,860$1,514$750
19 years$3,131$2,561$2,081$1,680$1,350$637
20 years$2,943$2,380$1,910$1,522$1,206$542
21 years$2,774$2,217$1,757$1,381$1,079$462
22 years$2,620$2,070$1,619$1,256$967$394
23 years$2,479$1,936$1,495$1,144$868$336
24 years$2,351$1,814$1,383$1,043$780$287
25 years$2,233$1,702$1,281$953$702$245
26 years$2,124$1,599$1,188$871$632$210
27 years$2,023$1,505$1,103$797$570$179
28 years$1,930$1,418$1,025$731$515$153
29 years$1,843$1,338$954$670$465$131
30 years$1,763$1,264$889$615$420$112
31 years$1,687$1,195$828$565$380$96
32 years$1,617$1,130$773$519$343$82
33 years$1,551$1,070$722$477$311$71
34 years$1,489$1,015$674$439$281$61
35 years$1,430$962$630$404$255$52
36 years$1,375$913$590$372$231$44
37 years$1,323$867$552$343$209$38
38 years$1,274$824$517$316$190$33
39 years$1,228$784$484$291$172$28
40 years$1,184$746$454$269$156$24
41 years$1,142$710$426$248$142$21
42 years$1,103$676$399$229$128$18
43 years$1,065$644$375$211$117$15
44 years$1,029$614$352$195$106$13
45 years$995$586$330$180$96$11
46 years$962$559$310$166$87$10
47 years$931$533$291$154$79$8
48 years$901$509$274$142$72$7
49 years$873$486$257$131$65$6
50 years$846$464$242$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $866,000, adding $6,761 every year, while hoping to spend $40,054 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: 49/42/9 Blend
56$866,000$866,000$866,000$866,000
57$961,306$915,408$901,985$1,005,781
58$1,016,742$917,646$889,584$1,039,197
59$1,076,490$918,651$875,426$1,070,684
60$1,140,948$918,320$859,408$1,103,957
61$1,210,552$916,546$841,426$1,139,192
62$1,285,782$913,210$821,368$1,176,588
63$1,367,166$908,192$799,118$1,216,365
64$1,455,284$901,360$774,555$1,258,767
65$1,550,772$892,576$747,552$1,304,067
66$1,654,333$881,694$717,977$1,352,564
67$1,766,736$868,558$685,690$1,404,596
68$1,888,830$853,004$650,547$1,460,533
69$2,021,546$834,857$612,396$1,520,788
70$2,165,912$813,933$571,080$1,585,820
71$2,323,055$790,036$526,431$1,656,136
72$2,494,217$762,958$478,277$1,732,299
73$2,680,766$732,482$426,438$1,814,935
74$2,884,205$698,375$370,725$1,904,736
75$3,106,190$660,391$310,940$2,002,470
76$3,348,543$618,272$246,878$2,108,987
77$3,613,270$571,743$178,324$2,225,231
78$3,902,579$520,513$105,053$2,352,244
79$4,218,901$464,278$26,832$2,491,184
80$4,564,913$402,712$0$2,643,329
81$4,943,563$335,473$0$2,815,537
82$5,358,095$262,201$0$3,007,041
83$5,812,084$182,511$0$3,217,021
84$6,309,465$96,003$0$3,447,426
85$6,854,572$2,248$0$3,700,408
86$7,452,178$0$0$3,978,347
87$8,107,541$0$0$4,329,719
88$8,826,451$0$0$4,716,398
89$9,615,286$0$0$5,140,787
90$10,481,071$0$0$5,606,679
91$11,431,545$0$0$6,118,249
92$12,475,231$0$0$6,680,100
93$13,621,520$0$0$7,297,301
94$14,880,755$0$0$7,975,434
95$16,264,332$0$0$8,720,652
96$17,784,805$0$0$9,539,731
97$19,456,004$0$0$10,440,138
98$21,293,165$0$0$11,430,099
99$23,313,075$0$0$12,518,675
100$25,534,228$0$0$13,715,850