Can I retire at age 57 with 870,000?

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 $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%20%
1 years$71,844$71,204$70,579$69,970$69,375$66,596
2 years$35,566$34,904$34,262$33,639$33,036$30,271
3 years$23,475$22,810$22,170$21,553$20,959$18,296
4 years$17,431$16,768$16,134$15,528$14,948$12,406
5 years$13,805$13,146$12,521$11,927$11,363$8,949
6 years$11,389$10,735$10,118$9,538$8,992$6,707
7 years$9,664$9,015$8,408$7,842$7,313$5,156
8 years$8,371$7,728$7,131$6,578$6,066$4,036
9 years$7,365$6,728$6,142$5,603$5,109$3,202
10 years$6,561$5,931$5,355$4,830$4,353$2,565
11 years$5,904$5,280$4,714$4,204$3,744$2,071
12 years$5,357$4,739$4,184$3,687$3,244$1,683
13 years$4,894$4,282$3,738$3,255$2,829$1,373
14 years$4,498$3,893$3,359$2,890$2,480$1,125
15 years$4,154$3,556$3,032$2,577$2,183$924
16 years$3,854$3,263$2,749$2,307$1,930$762
17 years$3,590$3,005$2,502$2,073$1,711$629
18 years$3,355$2,776$2,284$1,868$1,521$520
19 years$3,145$2,573$2,091$1,688$1,356$430
20 years$2,957$2,391$1,919$1,529$1,211$357
21 years$2,786$2,227$1,765$1,388$1,084$296
22 years$2,632$2,079$1,627$1,262$972$246
23 years$2,491$1,945$1,502$1,149$872$204
24 years$2,362$1,822$1,389$1,048$784$170
25 years$2,243$1,710$1,286$957$705$141
26 years$2,134$1,607$1,193$875$635$117
27 years$2,033$1,512$1,108$801$573$98
28 years$1,939$1,425$1,030$734$517$81
29 years$1,852$1,344$958$673$467$68
30 years$1,771$1,270$893$618$422$56
31 years$1,695$1,200$832$567$381$47
32 years$1,624$1,136$777$521$345$39
33 years$1,558$1,075$725$479$312$33
34 years$1,496$1,019$677$441$283$27
35 years$1,437$967$633$406$256$23
36 years$1,382$918$593$374$232$19
37 years$1,330$872$555$345$210$16
38 years$1,280$828$519$318$191$13
39 years$1,234$788$487$293$173$11
40 years$1,189$749$456$270$157$9
41 years$1,147$713$428$249$142$8
42 years$1,108$679$401$230$129$6
43 years$1,070$647$376$212$117$5
44 years$1,034$617$353$196$106$4
45 years$999$588$332$181$97$4
46 years$967$561$312$167$88$3
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$2
49 years$877$488$259$132$66$2
50 years$849$466$243$122$60$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $870,000, adding $5,395 every year, while hoping to spend $29,403 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: 60/13/27 Blend
56$870,000$870,000$870,000$870,000
57$964,305$918,195$904,710$1,014,841
58$1,031,379$931,902$903,733$1,063,611
59$1,104,310$945,295$901,738$1,113,178
60$1,183,663$958,328$898,660$1,166,642
61$1,270,062$970,951$894,430$1,224,390
62$1,364,192$983,111$888,977$1,286,848
63$1,466,807$994,751$882,225$1,354,486
64$1,578,738$1,005,811$874,097$1,427,824
65$1,700,899$1,016,226$864,509$1,507,432
66$1,834,297$1,025,926$853,376$1,593,945
67$1,980,038$1,034,839$840,606$1,688,057
68$2,139,341$1,042,886$826,106$1,790,540
69$2,313,550$1,049,984$809,777$1,902,241
70$2,504,142$1,056,043$791,515$2,024,097
71$2,712,745$1,060,969$771,210$2,157,141
72$2,941,150$1,064,662$748,751$2,302,512
73$3,191,331$1,067,015$724,018$2,461,468
74$3,465,462$1,067,913$696,888$2,635,395
75$3,765,935$1,067,237$667,230$2,825,824
76$4,095,387$1,064,858$634,909$3,034,442
77$4,456,721$1,060,641$599,782$3,263,111
78$4,853,135$1,054,440$561,703$3,513,884
79$5,288,150$1,046,103$520,516$3,789,026
80$5,765,647$1,035,467$476,058$4,091,036
81$6,289,898$1,022,361$428,162$4,422,668
82$6,865,612$1,006,601$376,650$4,786,961
83$7,497,975$987,995$321,338$5,187,266
84$8,192,699$966,337$262,033$5,627,279
85$8,956,077$941,410$198,534$6,111,076
86$9,795,043$912,986$130,631$6,643,150
87$10,717,236$880,820$58,105$7,228,460
88$11,731,069$844,656$0$7,872,468
89$12,845,815$804,221$0$8,586,761
90$14,071,688$759,227$0$9,390,651
91$15,419,941$709,370$0$10,274,778
92$16,902,973$654,327$0$11,247,298
93$18,534,446$593,759$0$12,317,196
94$20,329,411$527,305$0$13,494,374
95$22,304,453$454,585$0$14,789,745
96$24,477,845$375,197$0$16,215,337
97$26,869,720$288,717$0$17,784,404
98$29,502,264$194,696$0$19,511,551
99$32,399,919$92,661$0$21,412,877
100$35,589,621$0$0$23,506,120