Can I retire at age 57 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$71,844$71,204$70,579$69,970$69,375$66,781
2 years$35,566$34,904$34,262$33,639$33,036$30,452
3 years$23,475$22,810$22,170$21,553$20,959$18,467
4 years$17,431$16,768$16,134$15,528$14,948$12,567
5 years$13,805$13,146$12,521$11,927$11,363$9,098
6 years$11,389$10,735$10,118$9,538$8,992$6,845
7 years$9,664$9,015$8,408$7,842$7,313$5,284
8 years$8,371$7,728$7,131$6,578$6,066$4,153
9 years$7,365$6,728$6,142$5,603$5,109$3,309
10 years$6,561$5,931$5,355$4,830$4,353$2,663
11 years$5,904$5,280$4,714$4,204$3,744$2,160
12 years$5,357$4,739$4,184$3,687$3,244$1,763
13 years$4,894$4,282$3,738$3,255$2,829$1,446
14 years$4,498$3,893$3,359$2,890$2,480$1,190
15 years$4,154$3,556$3,032$2,577$2,183$983
16 years$3,854$3,263$2,749$2,307$1,930$814
17 years$3,590$3,005$2,502$2,073$1,711$675
18 years$3,355$2,776$2,284$1,868$1,521$561
19 years$3,145$2,573$2,091$1,688$1,356$467
20 years$2,957$2,391$1,919$1,529$1,211$389
21 years$2,786$2,227$1,765$1,388$1,084$325
22 years$2,632$2,079$1,627$1,262$972$271
23 years$2,491$1,945$1,502$1,149$872$226
24 years$2,362$1,822$1,389$1,048$784$189
25 years$2,243$1,710$1,286$957$705$158
26 years$2,134$1,607$1,193$875$635$132
27 years$2,033$1,512$1,108$801$573$111
28 years$1,939$1,425$1,030$734$517$93
29 years$1,852$1,344$958$673$467$78
30 years$1,771$1,270$893$618$422$65
31 years$1,695$1,200$832$567$381$54
32 years$1,624$1,136$777$521$345$46
33 years$1,558$1,075$725$479$312$38
34 years$1,496$1,019$677$441$283$32
35 years$1,437$967$633$406$256$27
36 years$1,382$918$593$374$232$22
37 years$1,330$872$555$345$210$19
38 years$1,280$828$519$318$191$16
39 years$1,234$788$487$293$173$13
40 years$1,189$749$456$270$157$11
41 years$1,147$713$428$249$142$9
42 years$1,108$679$401$230$129$8
43 years$1,070$647$376$212$117$7
44 years$1,034$617$353$196$106$5
45 years$999$588$332$181$97$5
46 years$967$561$312$167$88$4
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$3
49 years$877$488$259$132$66$2
50 years$849$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 $870,000, adding $2,166 every year, while hoping to spend $31,553 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: 70/22/8 Blend
56$870,000$870,000$870,000$870,000
57$960,974$914,864$901,379$1,026,764
58$1,025,421$926,120$898,003$1,081,836
59$1,095,385$936,871$893,457$1,138,000
60$1,171,394$947,057$887,667$1,198,598
61$1,254,030$956,617$880,558$1,264,058
62$1,343,935$965,485$872,051$1,334,852
63$1,441,812$973,590$862,061$1,411,501
64$1,548,439$980,857$850,501$1,494,579
65$1,664,667$987,207$837,281$1,584,718
66$1,791,437$992,554$822,303$1,682,616
67$1,929,782$996,808$805,469$1,789,040
68$2,080,841$999,872$786,673$1,904,838
69$2,245,865$1,001,644$765,805$2,030,943
70$2,426,234$1,002,015$742,750$2,168,386
71$2,623,466$1,000,871$717,389$2,318,300
72$2,839,234$998,087$689,595$2,481,937
73$3,075,377$993,535$659,238$2,660,676
74$3,333,923$987,076$626,180$2,856,037
75$3,617,104$978,563$590,278$3,069,697
76$3,927,377$967,841$551,381$3,303,504
77$4,267,450$954,746$509,332$3,559,494
78$4,640,304$939,103$463,969$3,839,915
79$5,049,223$920,727$415,120$4,147,242
80$5,497,823$899,422$362,606$4,484,206
81$5,990,088$874,981$306,241$4,853,816
82$6,530,406$847,184$245,829$5,259,391
83$7,123,611$815,799$181,167$5,704,588
84$7,775,026$780,580$112,043$6,193,442
85$8,490,517$741,266$38,234$6,730,397
86$9,276,544$697,583$0$7,320,356
87$10,140,226$649,239$0$7,972,182
88$11,089,405$595,927$0$8,692,080
89$12,132,718$537,322$0$9,483,373
90$13,279,683$473,078$0$10,353,322
91$14,540,785$402,834$0$11,309,931
92$15,927,577$326,205$0$12,362,025
93$17,452,787$242,785$0$13,519,326
94$19,130,436$152,147$0$14,792,554
95$20,975,976$53,837$0$16,193,523
96$23,006,429$0$0$17,735,253
97$25,240,552$0$0$19,444,837
98$27,699,011$0$0$21,340,481
99$30,404,576$0$0$23,426,719
100$33,382,337$0$0$25,722,901