Can I retire at age 57 with 866,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$71,513$70,876$70,255$69,648$69,056$68,052
2 years$35,403$34,743$34,104$33,485$32,884$31,875
3 years$23,367$22,705$22,068$21,454$20,863$19,880
4 years$17,351$16,691$16,060$15,456$14,880$13,930
5 years$13,742$13,086$12,463$11,872$11,311$10,398
6 years$11,337$10,685$10,072$9,494$8,950$8,074
7 years$9,619$8,974$8,370$7,806$7,279$6,441
8 years$8,332$7,692$7,098$6,548$6,039$5,238
9 years$7,331$6,697$6,114$5,577$5,085$4,322
10 years$6,531$5,903$5,330$4,808$4,333$3,606
11 years$5,877$5,255$4,693$4,184$3,726$3,035
12 years$5,332$4,717$4,165$3,670$3,229$2,573
13 years$4,871$4,263$3,721$3,240$2,816$2,194
14 years$4,477$3,875$3,343$2,876$2,468$1,880
15 years$4,135$3,540$3,018$2,565$2,173$1,617
16 years$3,837$3,248$2,737$2,297$1,921$1,395
17 years$3,574$2,991$2,490$2,064$1,703$1,207
18 years$3,340$2,764$2,273$1,860$1,514$1,047
19 years$3,131$2,561$2,081$1,680$1,350$911
20 years$2,943$2,380$1,910$1,522$1,206$793
21 years$2,774$2,217$1,757$1,381$1,079$691
22 years$2,620$2,070$1,619$1,256$967$604
23 years$2,479$1,936$1,495$1,144$868$528
24 years$2,351$1,814$1,383$1,043$780$462
25 years$2,233$1,702$1,281$953$702$405
26 years$2,124$1,599$1,188$871$632$355
27 years$2,023$1,505$1,103$797$570$311
28 years$1,930$1,418$1,025$731$515$273
29 years$1,843$1,338$954$670$465$240
30 years$1,763$1,264$889$615$420$210
31 years$1,687$1,195$828$565$380$185
32 years$1,617$1,130$773$519$343$163
33 years$1,551$1,070$722$477$311$143
34 years$1,489$1,015$674$439$281$126
35 years$1,430$962$630$404$255$111
36 years$1,375$913$590$372$231$97
37 years$1,323$867$552$343$209$86
38 years$1,274$824$517$316$190$75
39 years$1,228$784$484$291$172$66
40 years$1,184$746$454$269$156$58
41 years$1,142$710$426$248$142$51
42 years$1,103$676$399$229$128$45
43 years$1,065$644$375$211$117$40
44 years$1,029$614$352$195$106$35
45 years$995$586$330$180$96$31
46 years$962$559$310$166$87$27
47 years$931$533$291$154$79$24
48 years$901$509$274$142$72$21
49 years$873$486$257$131$65$19
50 years$846$464$242$121$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $866,000, adding $5,639 every year, while hoping to spend $34,136 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: 43/39/18 Blend
56$866,000$866,000$866,000$866,000
57$960,149$914,251$900,828$996,185
58$1,021,763$922,728$894,685$1,030,615
59$1,088,519$930,478$887,192$1,064,103
60$1,160,903$937,426$878,269$1,099,667
61$1,239,453$943,498$867,829$1,137,514
62$1,324,760$948,612$855,783$1,177,876
63$1,417,472$952,681$842,039$1,221,006
64$1,518,306$955,614$826,499$1,267,188
65$1,628,046$957,312$809,059$1,316,735
66$1,747,558$957,672$789,615$1,369,995
67$1,877,794$956,583$768,052$1,427,353
68$2,019,802$953,928$744,254$1,489,236
69$2,174,735$949,584$718,100$1,556,117
70$2,343,861$943,417$689,460$1,628,520
71$2,528,579$935,288$658,200$1,707,023
72$2,730,425$925,048$624,181$1,792,271
73$2,951,093$912,541$587,256$1,884,973
74$3,192,448$897,598$547,273$1,985,916
75$3,456,542$880,045$504,070$2,095,971
76$3,745,635$859,693$457,483$2,216,101
77$4,062,216$836,344$407,335$2,347,373
78$4,409,027$809,789$353,444$2,490,965
79$4,789,084$779,805$295,621$2,648,183
80$5,205,712$746,158$233,667$2,820,467
81$5,662,574$708,598$167,373$3,009,413
82$6,163,700$666,863$96,524$3,216,783
83$6,713,533$620,675$20,893$3,444,528
84$7,316,965$569,739$0$3,694,800
85$7,979,384$513,745$0$3,981,469
86$8,706,726$452,364$0$4,300,707
87$9,505,531$385,249$0$4,651,452
88$10,383,002$312,033$0$5,036,968
89$11,347,074$232,329$0$5,460,855
90$12,406,489$145,726$0$5,927,090
91$13,570,878$51,794$0$6,440,057
92$14,850,851$0$0$7,004,598
93$16,258,096$0$0$7,647,480
94$17,805,494$0$0$8,378,947
95$19,507,231$0$0$9,183,494
96$21,378,942$0$0$10,068,526
97$23,437,849$0$0$11,042,204
98$25,702,929$0$0$12,113,517
99$28,195,092$0$0$13,292,372
100$30,937,375$0$0$14,589,684