Can I retire at age 57 with 868,000?

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 $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%17.4%
1 years$71,679$71,040$70,417$69,809$69,216$67,134
2 years$35,484$34,824$34,183$33,562$32,960$30,881
3 years$23,421$22,758$22,119$21,504$20,911$18,899
4 years$17,391$16,729$16,097$15,492$14,914$12,984
5 years$13,774$13,116$12,492$11,899$11,337$9,496
6 years$11,363$10,710$10,095$9,516$8,971$7,219
7 years$9,642$8,994$8,389$7,824$7,296$5,633
8 years$8,351$7,710$7,115$6,563$6,052$4,478
9 years$7,348$6,713$6,128$5,590$5,097$3,609
10 years$6,546$5,917$5,342$4,819$4,343$2,940
11 years$5,890$5,268$4,703$4,194$3,735$2,414
12 years$5,344$4,728$4,174$3,679$3,237$1,995
13 years$4,883$4,273$3,729$3,248$2,823$1,657
14 years$4,487$3,884$3,351$2,883$2,474$1,383
15 years$4,145$3,548$3,025$2,571$2,178$1,157
16 years$3,846$3,255$2,743$2,302$1,925$972
17 years$3,582$2,998$2,496$2,068$1,707$818
18 years$3,348$2,770$2,278$1,864$1,518$689
19 years$3,138$2,567$2,086$1,684$1,353$582
20 years$2,950$2,386$1,914$1,525$1,208$492
21 years$2,780$2,222$1,761$1,384$1,081$417
22 years$2,626$2,074$1,623$1,259$969$353
23 years$2,485$1,940$1,498$1,146$870$299
24 years$2,356$1,818$1,386$1,046$782$254
25 years$2,238$1,706$1,283$955$704$216
26 years$2,129$1,603$1,190$873$634$183
27 years$2,028$1,509$1,105$799$572$156
28 years$1,935$1,422$1,028$732$516$132
29 years$1,848$1,341$956$671$466$113
30 years$1,767$1,267$891$616$421$96
31 years$1,691$1,197$830$566$380$81
32 years$1,621$1,133$775$520$344$69
33 years$1,554$1,073$723$478$311$59
34 years$1,492$1,017$676$440$282$50
35 years$1,434$965$632$405$255$43
36 years$1,379$915$591$373$231$36
37 years$1,327$870$553$344$210$31
38 years$1,277$826$518$317$190$26
39 years$1,231$786$485$292$172$22
40 years$1,187$748$455$269$156$19
41 years$1,145$712$427$249$142$16
42 years$1,105$678$400$229$129$14
43 years$1,067$646$376$212$117$12
44 years$1,031$616$353$196$106$10
45 years$997$587$331$181$96$9
46 years$964$560$311$167$87$7
47 years$933$534$292$154$79$6
48 years$903$510$274$142$72$5
49 years$875$487$258$132$65$5
50 years$847$465$243$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $868,000, adding $2,129 every year, while hoping to spend $21,854 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: 51/34/15 Blend
56$868,000$868,000$868,000$868,000
57$958,732$912,728$899,274$1,003,608
58$1,033,270$934,199$906,147$1,056,099
59$1,114,679$955,990$912,518$1,110,666
60$1,203,636$978,093$918,347$1,169,504
61$1,300,887$1,000,500$923,592$1,233,023
62$1,407,253$1,023,201$928,209$1,301,675
63$1,523,640$1,046,185$932,151$1,375,957
64$1,651,044$1,069,440$935,370$1,456,416
65$1,790,560$1,092,952$937,814$1,543,656
66$1,943,396$1,116,706$939,430$1,638,344
67$2,110,883$1,140,685$940,162$1,741,210
68$2,294,486$1,164,871$939,950$1,853,063
69$2,495,817$1,189,244$938,732$1,974,793
70$2,716,654$1,213,780$936,443$2,107,380
71$2,958,954$1,238,456$933,015$2,251,905
72$3,224,872$1,263,245$928,375$2,409,558
73$3,516,783$1,288,118$922,450$2,581,654
74$3,837,302$1,313,043$915,160$2,769,638
75$4,189,311$1,337,987$906,422$2,975,105
76$4,575,985$1,362,912$896,151$3,199,812
77$5,000,819$1,387,778$884,255$3,445,696
78$5,467,665$1,412,543$870,641$3,714,892
79$5,980,768$1,437,158$855,209$4,009,754
80$6,544,803$1,461,575$837,854$4,332,875
81$7,164,920$1,485,740$818,470$4,687,113
82$7,846,794$1,509,594$796,941$5,075,620
83$8,596,678$1,533,074$773,149$5,501,870
84$9,421,459$1,556,115$746,970$5,969,690
85$10,328,728$1,578,644$718,273$6,483,301
86$11,326,845$1,600,585$686,922$7,047,353
87$12,425,026$1,621,856$652,776$7,666,974
88$13,633,420$1,642,368$615,686$8,347,814
89$14,963,213$1,662,029$575,496$9,096,103
90$16,426,729$1,680,737$532,043$9,918,706
91$18,037,548$1,698,386$485,159$10,823,190
92$19,810,632$1,714,861$434,666$11,817,898
93$21,762,469$1,730,041$380,380$12,912,022
94$23,911,224$1,743,796$322,105$14,115,697
95$26,276,914$1,755,988$259,642$15,440,092
96$28,881,598$1,766,470$192,779$16,897,520
97$31,749,580$1,775,085$121,295$18,501,549
98$34,907,640$1,781,668$44,962$20,267,137
99$38,385,290$1,786,040$0$22,210,770
100$42,215,048$1,788,014$0$24,356,458