Can I retire at age 57 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$71,679$71,040$70,417$69,809$69,216$68,266
2 years$35,484$34,824$34,183$33,562$32,960$32,005
3 years$23,421$22,758$22,119$21,504$20,911$19,980
4 years$17,391$16,729$16,097$15,492$14,914$14,014
5 years$13,774$13,116$12,492$11,899$11,337$10,472
6 years$11,363$10,710$10,095$9,516$8,971$8,140
7 years$9,642$8,994$8,389$7,824$7,296$6,501
8 years$8,351$7,710$7,115$6,563$6,052$5,293
9 years$7,348$6,713$6,128$5,590$5,097$4,372
10 years$6,546$5,917$5,342$4,819$4,343$3,653
11 years$5,890$5,268$4,703$4,194$3,735$3,078
12 years$5,344$4,728$4,174$3,679$3,237$2,613
13 years$4,883$4,273$3,729$3,248$2,823$2,231
14 years$4,487$3,884$3,351$2,883$2,474$1,914
15 years$4,145$3,548$3,025$2,571$2,178$1,648
16 years$3,846$3,255$2,743$2,302$1,925$1,425
17 years$3,582$2,998$2,496$2,068$1,707$1,235
18 years$3,348$2,770$2,278$1,864$1,518$1,073
19 years$3,138$2,567$2,086$1,684$1,353$934
20 years$2,950$2,386$1,914$1,525$1,208$814
21 years$2,780$2,222$1,761$1,384$1,081$711
22 years$2,626$2,074$1,623$1,259$969$622
23 years$2,485$1,940$1,498$1,146$870$545
24 years$2,356$1,818$1,386$1,046$782$477
25 years$2,238$1,706$1,283$955$704$419
26 years$2,129$1,603$1,190$873$634$368
27 years$2,028$1,509$1,105$799$572$323
28 years$1,935$1,422$1,028$732$516$284
29 years$1,848$1,341$956$671$466$250
30 years$1,767$1,267$891$616$421$220
31 years$1,691$1,197$830$566$380$193
32 years$1,621$1,133$775$520$344$170
33 years$1,554$1,073$723$478$311$150
34 years$1,492$1,017$676$440$282$132
35 years$1,434$965$632$405$255$116
36 years$1,379$915$591$373$231$102
37 years$1,327$870$553$344$210$90
38 years$1,277$826$518$317$190$80
39 years$1,231$786$485$292$172$70
40 years$1,187$748$455$269$156$62
41 years$1,145$712$427$249$142$55
42 years$1,105$678$400$229$129$48
43 years$1,067$646$376$212$117$42
44 years$1,031$616$353$196$106$37
45 years$997$587$331$181$96$33
46 years$964$560$311$167$87$29
47 years$933$534$292$154$79$26
48 years$903$510$274$142$72$23
49 years$875$487$258$132$65$20
50 years$847$465$243$122$59$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $868,000, adding $4,969 every year, while hoping to spend $39,028 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: 77/6/17 Blend
56$868,000$868,000$868,000$868,000
57$961,662$915,658$902,204$1,031,706
58$1,018,226$918,999$890,902$1,081,994
59$1,079,251$921,197$877,914$1,131,747
60$1,145,152$922,153$863,141$1,185,249
61$1,216,383$921,763$846,481$1,242,861
62$1,293,444$919,920$827,828$1,304,982
63$1,376,884$916,505$807,070$1,372,051
64$1,467,308$911,395$784,088$1,444,553
65$1,565,379$904,459$758,761$1,523,022
66$1,671,828$895,559$730,960$1,608,045
67$1,787,459$884,545$700,552$1,700,273
68$1,913,155$871,263$667,395$1,800,420
69$2,049,888$855,547$631,345$1,909,276
70$2,198,729$837,220$592,246$2,027,711
71$2,360,853$816,098$549,940$2,156,683
72$2,537,556$791,983$504,260$2,297,249
73$2,730,263$764,667$455,029$2,450,577
74$2,940,544$733,929$402,067$2,617,950
75$3,170,125$699,537$345,181$2,800,787
76$3,420,908$661,244$284,174$3,000,650
77$3,694,984$618,788$218,838$3,219,262
78$3,994,657$571,894$148,954$3,458,523
79$4,322,465$520,270$74,297$3,720,527
80$4,681,201$463,608$0$4,007,584
81$5,073,940$401,581$0$4,323,215
82$5,504,069$333,845$0$4,683,697
83$5,975,317$260,037$0$5,078,681
84$6,491,793$179,772$0$5,511,628
85$7,058,019$92,645$0$5,986,350
86$7,678,979$0$0$6,507,049
87$8,360,159$0$0$7,078,469
88$9,107,604$0$0$7,712,219
89$9,927,972$0$0$8,407,831
90$10,828,596$0$0$9,171,529
91$11,817,555$0$0$10,010,165
92$12,903,747$0$0$10,931,292
93$14,096,977$0$0$11,943,226
94$15,408,043$0$0$13,055,132
95$16,848,843$0$0$14,277,103
96$18,432,483$0$0$15,620,261
97$20,173,404$0$0$17,096,858
98$22,087,515$0$0$18,720,394
99$24,192,342$0$0$20,505,739
100$26,507,196$0$0$22,469,279