Can I retire at age 57 with 856,000?

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 $856,000?

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$70,688$70,058$69,444$68,844$68,259$65,525
2 years$34,994$34,342$33,711$33,098$32,504$29,784
3 years$23,098$22,443$21,813$21,206$20,622$18,001
4 years$17,151$16,498$15,874$15,278$14,708$12,207
5 years$13,583$12,935$12,319$11,735$11,181$8,805
6 years$11,206$10,562$9,956$9,385$8,847$6,599
7 years$9,508$8,870$8,273$7,716$7,195$5,073
8 years$8,236$7,603$7,016$6,472$5,969$3,971
9 years$7,247$6,620$6,043$5,513$5,027$3,150
10 years$6,456$5,835$5,269$4,752$4,283$2,524
11 years$5,809$5,195$4,638$4,136$3,683$2,038
12 years$5,270$4,663$4,116$3,628$3,192$1,655
13 years$4,815$4,214$3,678$3,203$2,783$1,351
14 years$4,425$3,830$3,304$2,843$2,440$1,107
15 years$4,088$3,499$2,983$2,535$2,148$910
16 years$3,792$3,210$2,705$2,270$1,899$749
17 years$3,532$2,956$2,461$2,040$1,684$619
18 years$3,301$2,732$2,247$1,838$1,497$511
19 years$3,095$2,532$2,057$1,661$1,334$423
20 years$2,909$2,353$1,888$1,504$1,192$351
21 years$2,742$2,191$1,736$1,365$1,066$291
22 years$2,589$2,046$1,600$1,241$956$242
23 years$2,451$1,913$1,478$1,131$858$201
24 years$2,324$1,793$1,367$1,031$771$167
25 years$2,207$1,682$1,266$942$694$139
26 years$2,099$1,581$1,174$861$625$115
27 years$2,000$1,488$1,090$788$564$96
28 years$1,908$1,402$1,013$722$509$80
29 years$1,822$1,323$943$662$459$67
30 years$1,742$1,249$878$608$415$55
31 years$1,668$1,181$819$558$375$46
32 years$1,598$1,117$764$513$339$38
33 years$1,533$1,058$713$472$307$32
34 years$1,472$1,003$667$434$278$27
35 years$1,414$951$623$400$252$22
36 years$1,360$903$583$368$228$19
37 years$1,308$857$546$339$207$15
38 years$1,260$815$511$312$188$13
39 years$1,214$775$479$288$170$11
40 years$1,170$737$449$266$154$9
41 years$1,129$702$421$245$140$7
42 years$1,090$668$395$226$127$6
43 years$1,053$637$370$209$115$5
44 years$1,017$607$348$193$105$4
45 years$983$579$326$178$95$4
46 years$951$552$307$165$86$3
47 years$920$527$288$152$78$2
48 years$891$503$271$140$71$2
49 years$863$480$254$130$65$2
50 years$836$459$239$120$59$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $856,000, adding $5,515 every year, while hoping to spend $25,144 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: 50/25/25 Blend
56$856,000$856,000$856,000$856,000
57$949,001$903,633$890,365$989,518
58$1,019,046$921,158$893,439$1,035,826
59$1,095,393$938,699$895,773$1,083,157
60$1,178,658$956,230$897,317$1,134,095
61$1,269,519$973,724$898,015$1,188,992
62$1,368,724$991,149$897,812$1,248,237
63$1,477,093$1,008,475$896,648$1,312,260
64$1,595,532$1,025,666$894,461$1,381,533
65$1,725,036$1,042,684$891,186$1,456,580
66$1,866,703$1,059,488$886,754$1,537,975
67$2,021,740$1,076,037$881,094$1,626,355
68$2,191,477$1,092,281$874,129$1,722,421
69$2,377,377$1,108,173$865,783$1,826,945
70$2,581,054$1,123,658$855,971$1,940,782
71$2,804,284$1,138,680$844,608$2,064,872
72$3,049,021$1,153,176$831,603$2,200,255
73$3,317,421$1,167,081$816,862$2,348,074
74$3,611,856$1,180,326$800,284$2,509,594
75$3,934,940$1,192,836$781,768$2,686,209
76$4,289,549$1,204,531$761,203$2,879,454
77$4,678,857$1,215,326$738,476$3,091,027
78$5,106,354$1,225,131$713,469$3,322,797
79$5,575,889$1,233,849$686,058$3,576,827
80$6,091,701$1,241,379$656,111$3,855,392
81$6,658,458$1,247,610$623,495$4,161,002
82$7,281,304$1,252,426$588,065$4,496,422
83$7,965,907$1,255,705$549,675$4,864,706
84$8,718,509$1,257,314$508,169$5,269,219
85$9,545,989$1,257,115$463,385$5,713,673
86$10,455,925$1,254,959$415,154$6,202,160
87$11,456,667$1,250,689$363,299$6,739,194
88$12,557,413$1,244,139$307,635$7,329,754
89$13,768,298$1,235,130$247,970$7,979,326
90$15,100,489$1,223,476$184,101$8,693,963
91$16,566,290$1,208,978$115,820$9,480,338
92$18,179,257$1,191,424$42,906$10,345,808
93$19,954,329$1,170,591$0$11,298,487
94$21,907,962$1,146,242$0$12,356,630
95$24,058,293$1,118,126$0$13,533,608
96$26,425,302$1,085,977$0$14,828,903
97$29,031,007$1,049,515$0$16,254,573
98$31,899,670$1,008,441$0$17,823,907
99$35,058,022$962,441$0$19,551,552
100$38,535,521$911,181$0$21,453,649