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%11.4%
1 years$71,679$71,040$70,417$69,809$69,216$68,808
2 years$35,484$34,824$34,183$33,562$32,960$32,549
3 years$23,421$22,758$22,119$21,504$20,911$20,509
4 years$17,391$16,729$16,097$15,492$14,914$14,524
5 years$13,774$13,116$12,492$11,899$11,337$10,961
6 years$11,363$10,710$10,095$9,516$8,971$8,608
7 years$9,642$8,994$8,389$7,824$7,296$6,947
8 years$8,351$7,710$7,115$6,563$6,052$5,718
9 years$7,348$6,713$6,128$5,590$5,097$4,777
10 years$6,546$5,917$5,342$4,819$4,343$4,036
11 years$5,890$5,268$4,703$4,194$3,735$3,442
12 years$5,344$4,728$4,174$3,679$3,237$2,957
13 years$4,883$4,273$3,729$3,248$2,823$2,556
14 years$4,487$3,884$3,351$2,883$2,474$2,220
15 years$4,145$3,548$3,025$2,571$2,178$1,937
16 years$3,846$3,255$2,743$2,302$1,925$1,696
17 years$3,582$2,998$2,496$2,068$1,707$1,489
18 years$3,348$2,770$2,278$1,864$1,518$1,311
19 years$3,138$2,567$2,086$1,684$1,353$1,157
20 years$2,950$2,386$1,914$1,525$1,208$1,024
21 years$2,780$2,222$1,761$1,384$1,081$907
22 years$2,626$2,074$1,623$1,259$969$804
23 years$2,485$1,940$1,498$1,146$870$715
24 years$2,356$1,818$1,386$1,046$782$636
25 years$2,238$1,706$1,283$955$704$566
26 years$2,129$1,603$1,190$873$634$504
27 years$2,028$1,509$1,105$799$572$450
28 years$1,935$1,422$1,028$732$516$401
29 years$1,848$1,341$956$671$466$358
30 years$1,767$1,267$891$616$421$320
31 years$1,691$1,197$830$566$380$286
32 years$1,621$1,133$775$520$344$256
33 years$1,554$1,073$723$478$311$229
34 years$1,492$1,017$676$440$282$205
35 years$1,434$965$632$405$255$183
36 years$1,379$915$591$373$231$164
37 years$1,327$870$553$344$210$147
38 years$1,277$826$518$317$190$132
39 years$1,231$786$485$292$172$118
40 years$1,187$748$455$269$156$106
41 years$1,145$712$427$249$142$95
42 years$1,105$678$400$229$129$85
43 years$1,067$646$376$212$117$76
44 years$1,031$616$353$196$106$68
45 years$997$587$331$181$96$61
46 years$964$560$311$167$87$55
47 years$933$534$292$154$79$49
48 years$903$510$274$142$72$44
49 years$875$487$258$132$65$40
50 years$847$465$243$122$59$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $868,000, adding $5,473 every year, while hoping to spend $42,556 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: 65/6/29 Blend
56$868,000$868,000$868,000$868,000
57$962,181$916,177$902,723$1,016,989
58$1,015,045$915,791$887,685$1,054,344
59$1,071,874$913,959$870,717$1,089,962
60$1,133,028$910,566$851,710$1,127,973
61$1,198,902$905,490$830,547$1,168,617
62$1,269,931$898,599$807,111$1,212,160
63$1,346,589$889,756$781,275$1,258,898
64$1,429,402$878,814$752,908$1,309,157
65$1,518,943$865,618$721,872$1,363,298
66$1,615,845$850,003$688,025$1,421,722
67$1,720,803$831,795$651,216$1,484,869
68$1,834,581$810,810$611,288$1,553,230
69$1,958,020$786,851$568,077$1,627,344
70$2,092,043$759,712$521,413$1,707,809
71$2,237,668$729,174$471,117$1,795,287
72$2,396,011$695,005$417,000$1,890,507
73$2,568,304$656,959$358,870$1,994,276
74$2,755,899$614,779$296,520$2,107,488
75$2,960,287$568,189$229,739$2,231,128
76$3,183,105$516,899$158,305$2,366,286
77$3,426,159$460,604$81,985$2,514,164
78$3,691,432$398,979$537$2,676,093
79$3,981,112$331,682$0$2,853,540
80$4,297,603$258,352$0$3,074,857
81$4,643,554$178,608$0$3,317,020
82$5,021,882$92,044$0$3,581,925
83$5,435,796$0$0$3,871,845
84$5,888,833$0$0$4,189,400
85$6,384,885$0$0$4,543,816
86$6,928,239$0$0$4,932,085
87$7,523,617$0$0$5,357,590
88$8,176,217$0$0$5,824,053
89$8,891,765$0$0$6,335,574
90$9,676,569$0$0$6,896,671
91$10,537,575$0$0$7,512,318
92$11,482,435$0$0$8,187,995
93$12,519,576$0$0$8,929,738
94$13,658,283$0$0$9,744,195
95$14,908,781$0$0$10,638,691
96$16,282,337$0$0$11,621,294
97$17,791,361$0$0$12,700,893
98$19,449,524$0$0$13,887,279
99$21,271,888$0$0$15,191,240
100$23,275,047$0$0$16,624,659