Can I retire at age 57 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$71,596$70,958$70,336$69,729$69,136$68,729
2 years$35,444$34,783$34,144$33,523$32,922$32,511
3 years$23,394$22,731$22,093$21,479$20,887$20,486
4 years$17,371$16,710$16,078$15,474$14,897$14,508
5 years$13,758$13,101$12,477$11,886$11,324$10,948
6 years$11,350$10,698$10,084$9,505$8,961$8,598
7 years$9,631$8,984$8,379$7,815$7,287$6,939
8 years$8,342$7,701$7,106$6,556$6,046$5,711
9 years$7,340$6,705$6,121$5,584$5,091$4,771
10 years$6,539$5,910$5,336$4,813$4,338$4,032
11 years$5,884$5,261$4,698$4,189$3,731$3,438
12 years$5,338$4,722$4,169$3,674$3,233$2,954
13 years$4,877$4,268$3,725$3,244$2,819$2,553
14 years$4,482$3,879$3,347$2,880$2,471$2,218
15 years$4,140$3,544$3,022$2,568$2,176$1,935
16 years$3,841$3,251$2,740$2,299$1,923$1,694
17 years$3,578$2,994$2,493$2,066$1,705$1,488
18 years$3,344$2,767$2,276$1,862$1,516$1,310
19 years$3,135$2,564$2,083$1,682$1,351$1,156
20 years$2,947$2,383$1,912$1,524$1,207$1,022
21 years$2,777$2,220$1,759$1,383$1,080$906
22 years$2,623$2,072$1,621$1,257$968$803
23 years$2,482$1,938$1,497$1,145$869$714
24 years$2,353$1,816$1,384$1,044$781$635
25 years$2,235$1,704$1,282$954$703$565
26 years$2,126$1,601$1,189$872$633$504
27 years$2,026$1,507$1,104$798$571$449
28 years$1,932$1,420$1,026$731$515$401
29 years$1,846$1,340$955$671$465$358
30 years$1,765$1,265$890$616$420$320
31 years$1,689$1,196$829$565$380$286
32 years$1,619$1,132$774$520$344$256
33 years$1,553$1,072$723$478$311$229
34 years$1,491$1,016$675$440$282$205
35 years$1,432$963$631$405$255$183
36 years$1,377$914$590$373$231$164
37 years$1,325$868$553$343$209$147
38 years$1,276$825$518$316$190$132
39 years$1,229$785$485$292$172$118
40 years$1,185$747$454$269$156$106
41 years$1,144$711$426$248$142$95
42 years$1,104$677$400$229$129$85
43 years$1,066$645$375$212$117$76
44 years$1,030$615$352$195$106$68
45 years$996$586$331$180$96$61
46 years$963$559$311$167$87$55
47 years$932$534$292$154$79$49
48 years$902$510$274$142$72$44
49 years$874$487$258$131$65$40
50 years$846$465$242$122$59$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $867,000, adding $5,507 every year, while hoping to spend $56,036 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: 69/11/20 Blend
56$867,000$867,000$867,000$867,000
57$961,114$915,163$901,725$1,022,331
58$999,526$900,385$872,311$1,049,139
59$1,039,978$883,003$840,033$1,071,375
60$1,082,619$862,833$804,737$1,094,335
61$1,127,610$839,677$766,260$1,118,085
62$1,175,130$813,324$724,434$1,142,701
63$1,225,370$783,554$679,079$1,168,269
64$1,278,542$750,133$630,012$1,194,882
65$1,334,875$712,811$577,040$1,222,647
66$1,394,621$671,327$519,959$1,251,683
67$1,458,053$625,403$458,559$1,282,124
68$1,525,473$574,747$392,619$1,314,119
69$1,597,209$519,047$321,910$1,347,834
70$1,673,621$457,976$246,189$1,383,455
71$1,755,101$391,188$165,208$1,421,190
72$1,842,082$318,317$78,703$1,461,271
73$1,935,035$238,975$0$1,503,956
74$2,034,479$152,756$0$1,552,438
75$2,140,982$59,227$0$1,622,245
76$2,255,166$0$0$1,696,985
77$2,377,714$0$0$1,782,213
78$2,509,377$0$0$1,881,515
79$2,650,978$0$0$1,988,348
80$2,803,419$0$0$2,103,399
81$2,967,694$0$0$2,227,419
82$3,144,892$0$0$2,361,239
83$3,336,211$0$0$2,505,766
84$3,542,966$0$0$2,662,002
85$3,766,604$0$0$2,831,044
86$4,008,713$0$0$3,014,099
87$4,271,043$0$0$3,212,497
88$4,555,513$0$0$3,427,697
89$4,864,238$0$0$3,661,303
90$5,199,540$0$0$3,915,083
91$5,563,977$0$0$4,190,979
92$5,960,359$0$0$4,491,128
93$6,391,781$0$0$4,817,882
94$6,861,648$0$0$5,173,826
95$7,373,705$0$0$5,561,810
96$7,932,076$0$0$5,984,966
97$8,541,297$0$0$6,446,743
98$9,206,363$0$0$6,950,938
99$9,932,772$0$0$7,501,729
100$10,726,577$0$0$8,103,717