Can I retire at age 57 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,761$71,122$70,498$69,890$69,295$68,572
2 years$35,525$34,864$34,223$33,601$32,998$32,269
3 years$23,448$22,784$22,144$21,528$20,935$20,224
4 years$17,411$16,749$16,115$15,510$14,931$14,243
5 years$13,790$13,131$12,506$11,913$11,350$10,687
6 years$11,376$10,722$10,107$9,527$8,981$8,344
7 years$9,653$9,005$8,399$7,833$7,304$6,693
8 years$8,361$7,719$7,123$6,571$6,059$5,474
9 years$7,357$6,721$6,135$5,597$5,103$4,544
10 years$6,554$5,924$5,349$4,824$4,348$3,814
11 years$5,897$5,274$4,709$4,199$3,739$3,231
12 years$5,350$4,733$4,179$3,683$3,240$2,756
13 years$4,888$4,278$3,734$3,251$2,826$2,365
14 years$4,492$3,888$3,355$2,886$2,477$2,040
15 years$4,150$3,552$3,029$2,574$2,181$1,767
16 years$3,850$3,259$2,746$2,305$1,928$1,535
17 years$3,586$3,001$2,499$2,071$1,709$1,338
18 years$3,351$2,773$2,281$1,866$1,520$1,169
19 years$3,142$2,570$2,088$1,686$1,355$1,024
20 years$2,953$2,388$1,916$1,527$1,210$898
21 years$2,783$2,225$1,763$1,386$1,083$789
22 years$2,629$2,077$1,625$1,260$970$694
23 years$2,488$1,942$1,500$1,148$871$612
24 years$2,359$1,820$1,387$1,047$783$539
25 years$2,240$1,708$1,285$956$705$476
26 years$2,131$1,605$1,192$874$635$421
27 years$2,030$1,511$1,107$800$572$372
28 years$1,937$1,423$1,029$733$516$329
29 years$1,850$1,343$957$672$466$291
30 years$1,769$1,268$892$617$421$258
31 years$1,693$1,199$831$567$381$228
32 years$1,623$1,134$776$521$345$202
33 years$1,556$1,074$724$479$312$179
34 years$1,494$1,018$677$441$282$159
35 years$1,435$966$633$406$256$141
36 years$1,380$917$592$374$232$125
37 years$1,328$871$554$344$210$111
38 years$1,279$827$519$317$190$99
39 years$1,232$787$486$292$173$88
40 years$1,188$748$456$270$157$78
41 years$1,146$712$427$249$142$69
42 years$1,106$679$401$230$129$61
43 years$1,069$646$376$212$117$54
44 years$1,032$616$353$196$106$48
45 years$998$588$331$181$96$43
46 years$965$561$311$167$88$38
47 years$934$535$292$154$79$34
48 years$904$511$275$143$72$30
49 years$876$488$258$132$66$27
50 years$848$466$243$122$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $869,000, adding $2,647 every year, while hoping to spend $20,967 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: 77/17/6 Blend
56$869,000$869,000$869,000$869,000
57$960,368$914,311$900,842$1,033,579
58$1,036,017$936,804$908,711$1,104,494
59$1,118,680$959,696$916,142$1,179,242
60$1,209,049$982,985$923,096$1,260,573
61$1,307,887$1,006,667$929,536$1,349,130
62$1,416,037$1,030,738$935,420$1,445,625
63$1,534,422$1,055,194$940,706$1,550,839
64$1,664,061$1,080,027$945,348$1,665,633
65$1,806,078$1,105,230$949,299$1,790,955
66$1,961,707$1,130,796$952,510$1,927,848
67$2,132,309$1,156,713$954,928$2,077,463
68$2,319,384$1,182,971$956,497$2,241,066
69$2,524,583$1,209,558$957,161$2,420,052
70$2,749,723$1,236,459$956,859$2,615,959
71$2,996,808$1,263,659$955,527$2,830,479
72$3,268,044$1,291,140$953,098$3,065,477
73$3,565,861$1,318,882$949,504$3,323,008
74$3,892,936$1,346,865$944,670$3,605,334
75$4,252,219$1,375,065$938,520$3,914,951
76$4,646,959$1,403,456$930,973$4,254,603
77$5,080,733$1,432,011$921,945$4,627,320
78$5,557,486$1,460,697$911,349$5,036,435
79$6,081,561$1,489,483$899,090$5,485,623
80$6,657,744$1,518,331$885,073$5,978,932
81$7,291,307$1,547,202$869,196$6,520,823
82$7,988,059$1,576,054$851,354$7,116,212
83$8,754,401$1,604,841$831,434$7,770,513
84$9,597,384$1,633,512$809,321$8,489,695
85$10,524,777$1,662,014$784,893$9,280,333
86$11,545,141$1,690,289$758,023$10,149,673
87$12,667,907$1,718,275$728,579$11,105,699
88$13,903,468$1,745,905$696,421$12,157,209
89$15,263,275$1,773,107$661,404$13,313,897
90$16,759,943$1,799,804$623,376$14,586,446
91$18,407,376$1,825,913$582,178$15,986,629
92$20,220,892$1,851,347$537,644$17,527,417
93$22,217,369$1,876,009$489,601$19,223,106
94$24,415,407$1,899,799$437,868$21,089,448
95$26,835,497$1,922,608$382,256$23,143,802
96$29,500,223$1,944,321$322,567$25,405,296
97$32,434,468$1,964,815$258,595$27,895,011
98$35,665,650$1,983,957$190,124$30,636,175
99$39,223,983$2,001,608$116,930$33,654,388
100$43,142,760$2,017,617$38,777$36,977,858