Can I retire at age 57 with 869,000?

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 $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%18.7%
1 years$71,761$71,122$70,498$69,890$69,295$66,863
2 years$35,525$34,864$34,223$33,601$32,998$30,573
3 years$23,448$22,784$22,144$21,528$20,935$18,594
4 years$17,411$16,749$16,115$15,510$14,931$12,691
5 years$13,790$13,131$12,506$11,913$11,350$9,218
6 years$11,376$10,722$10,107$9,527$8,981$6,958
7 years$9,653$9,005$8,399$7,833$7,304$5,389
8 years$8,361$7,719$7,123$6,571$6,059$4,251
9 years$7,357$6,721$6,135$5,597$5,103$3,400
10 years$6,554$5,924$5,349$4,824$4,348$2,746
11 years$5,897$5,274$4,709$4,199$3,739$2,236
12 years$5,350$4,733$4,179$3,683$3,240$1,832
13 years$4,888$4,278$3,734$3,251$2,826$1,509
14 years$4,492$3,888$3,355$2,886$2,477$1,247
15 years$4,150$3,552$3,029$2,574$2,181$1,035
16 years$3,850$3,259$2,746$2,305$1,928$860
17 years$3,586$3,001$2,499$2,071$1,709$717
18 years$3,351$2,773$2,281$1,866$1,520$599
19 years$3,142$2,570$2,088$1,686$1,355$501
20 years$2,953$2,388$1,916$1,527$1,210$419
21 years$2,783$2,225$1,763$1,386$1,083$351
22 years$2,629$2,077$1,625$1,260$970$295
23 years$2,488$1,942$1,500$1,148$871$247
24 years$2,359$1,820$1,387$1,047$783$208
25 years$2,240$1,708$1,285$956$705$174
26 years$2,131$1,605$1,192$874$635$147
27 years$2,030$1,511$1,107$800$572$123
28 years$1,937$1,423$1,029$733$516$104
29 years$1,850$1,343$957$672$466$87
30 years$1,769$1,268$892$617$421$73
31 years$1,693$1,199$831$567$381$62
32 years$1,623$1,134$776$521$345$52
33 years$1,556$1,074$724$479$312$44
34 years$1,494$1,018$677$441$282$37
35 years$1,435$966$633$406$256$31
36 years$1,380$917$592$374$232$26
37 years$1,328$871$554$344$210$22
38 years$1,279$827$519$317$190$19
39 years$1,232$787$486$292$173$16
40 years$1,188$748$456$270$157$13
41 years$1,146$712$427$249$142$11
42 years$1,106$679$401$230$129$9
43 years$1,069$646$376$212$117$8
44 years$1,032$616$353$196$106$7
45 years$998$588$331$181$96$6
46 years$965$561$311$167$88$5
47 years$934$535$292$154$79$4
48 years$904$511$275$143$72$3
49 years$876$488$258$132$66$3
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $869,000, adding $5,217 every year, while hoping to spend $56,733 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: 67/26/7 Blend
56$869,000$869,000$869,000$869,000
57$963,019$916,962$903,493$1,026,042
58$1,000,884$901,530$873,396$1,053,098
59$1,040,709$883,440$840,390$1,075,339
60$1,082,635$862,502$804,317$1,098,138
61$1,126,815$838,516$765,012$1,121,541
62$1,173,413$811,267$722,304$1,145,599
63$1,222,613$780,530$676,012$1,170,372
64$1,274,610$746,067$625,949$1,195,928
65$1,329,621$707,624$571,919$1,222,342
66$1,387,880$664,936$513,716$1,249,700
67$1,449,645$617,719$451,127$1,278,101
68$1,515,196$565,674$383,927$1,307,654
69$1,584,840$508,487$311,883$1,338,482
70$1,658,914$445,823$234,751$1,370,725
71$1,737,784$377,329$152,277$1,404,541
72$1,821,854$302,634$64,193$1,440,106
73$1,911,563$221,343$0$1,477,617
74$2,007,395$133,041$0$1,519,524
75$2,109,879$37,290$0$1,569,111
76$2,219,594$0$0$1,621,881
77$2,337,177$0$0$1,697,159
78$2,463,326$0$0$1,789,403
79$2,598,807$0$0$1,888,509
80$2,744,460$0$0$1,995,096
81$2,901,207$0$0$2,109,844
82$3,070,063$0$0$2,233,502
83$3,252,139$0$0$2,366,888
84$3,448,658$0$0$2,510,906
85$3,660,963$0$0$2,666,545
86$3,890,530$0$0$2,834,894
87$4,138,982$0$0$3,017,150
88$4,408,101$0$0$3,214,629
89$4,699,850$0$0$3,428,777
90$5,016,384$0$0$3,661,186
91$5,360,075$0$0$3,913,604
92$5,733,531$0$0$4,187,957
93$6,139,621$0$0$4,486,361
94$6,581,502$0$0$4,811,147
95$7,062,648$0$0$5,164,876
96$7,586,881$0$0$5,550,371
97$8,158,406$0$0$5,970,734
98$8,781,853$0$0$6,429,382
99$9,462,318$0$0$6,930,076
100$10,205,408$0$0$7,476,955