Can I retire at age 57 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$70,853$70,222$69,606$69,005$68,418$66,818
2 years$35,076$34,422$33,789$33,175$32,580$30,977
3 years$23,151$22,495$21,864$21,256$20,670$19,115
4 years$17,191$16,537$15,911$15,314$14,742$13,246
5 years$13,615$12,965$12,348$11,762$11,207$9,774
6 years$11,232$10,587$9,979$9,406$8,867$7,499
7 years$9,531$8,891$8,293$7,734$7,212$5,909
8 years$8,255$7,621$7,033$6,487$5,983$4,744
9 years$7,264$6,635$6,057$5,526$5,038$3,863
10 years$6,471$5,849$5,281$4,763$4,293$3,180
11 years$5,823$5,207$4,649$4,146$3,692$2,640
12 years$5,283$4,673$4,126$3,636$3,199$2,206
13 years$4,826$4,223$3,686$3,210$2,790$1,854
14 years$4,436$3,839$3,312$2,850$2,446$1,565
15 years$4,097$3,507$2,990$2,541$2,153$1,326
16 years$3,801$3,218$2,711$2,276$1,903$1,127
17 years$3,541$2,963$2,467$2,045$1,687$960
18 years$3,309$2,738$2,252$1,843$1,500$819
19 years$3,102$2,538$2,062$1,665$1,337$701
20 years$2,916$2,358$1,892$1,508$1,195$600
21 years$2,748$2,197$1,740$1,369$1,069$515
22 years$2,595$2,050$1,604$1,244$958$442
23 years$2,456$1,918$1,481$1,133$860$380
24 years$2,329$1,797$1,370$1,034$773$327
25 years$2,212$1,686$1,269$944$696$281
26 years$2,104$1,585$1,177$863$627$242
27 years$2,005$1,491$1,093$790$565$209
28 years$1,912$1,405$1,016$724$510$180
29 years$1,826$1,326$945$664$460$155
30 years$1,747$1,252$880$609$416$134
31 years$1,672$1,184$821$559$376$115
32 years$1,602$1,120$766$514$340$100
33 years$1,537$1,061$715$473$308$86
34 years$1,475$1,005$668$435$279$74
35 years$1,417$953$625$400$252$64
36 years$1,363$905$584$369$229$55
37 years$1,311$859$547$340$207$48
38 years$1,263$817$512$313$188$41
39 years$1,217$777$480$289$170$36
40 years$1,173$739$450$266$155$31
41 years$1,132$703$422$246$140$27
42 years$1,092$670$396$227$127$23
43 years$1,055$638$371$209$115$20
44 years$1,019$608$348$193$105$17
45 years$986$580$327$179$95$15
46 years$953$553$307$165$86$13
47 years$922$528$289$152$78$11
48 years$893$504$271$141$71$10
49 years$865$482$255$130$65$8
50 years$838$460$240$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $858,000, adding $2,089 every year, while hoping to spend $35,075 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: 67/9/24 Blend
56$858,000$858,000$858,000$858,000
57$947,671$902,197$888,898$1,005,188
58$1,007,014$909,085$881,356$1,050,972
59$1,071,234$915,135$872,387$1,096,830
60$1,140,792$920,269$861,904$1,146,170
61$1,216,195$924,404$849,819$1,199,336
62$1,297,998$927,451$836,040$1,256,709
63$1,386,814$929,316$820,467$1,318,706
64$1,483,317$929,901$803,001$1,385,792
65$1,588,247$929,097$783,533$1,458,476
66$1,702,419$926,794$761,953$1,537,322
67$1,826,730$922,872$738,142$1,622,951
68$1,962,167$917,203$711,981$1,716,051
69$2,109,816$909,653$683,339$1,817,378
70$2,270,871$900,080$652,085$1,927,769
71$2,446,648$888,333$618,078$2,048,146
72$2,638,595$874,250$581,173$2,179,527
73$2,848,306$857,662$541,217$2,323,035
74$3,077,536$838,390$498,050$2,479,909
75$3,328,216$816,243$451,506$2,651,516
76$3,602,474$791,018$401,411$2,839,366
77$3,902,651$762,504$347,584$3,045,121
78$4,231,328$730,472$289,834$3,270,619
79$4,591,344$694,686$227,964$3,517,885
80$4,985,826$654,891$161,766$3,789,153
81$5,418,220$610,820$91,025$4,086,887
82$5,892,319$562,191$15,515$4,413,807
83$6,412,302$508,705$0$4,772,910
84$6,982,770$450,045$0$5,184,167
85$7,608,793$385,877$0$5,639,887
86$8,295,955$315,850$0$6,140,180
87$9,050,405$239,590$0$6,689,553
88$9,878,920$156,703$0$7,292,970
89$10,788,963$66,774$0$7,955,902
90$11,788,755$0$0$8,684,378
91$12,887,354$0$0$9,488,075
92$14,094,740$0$0$10,378,680
93$15,421,904$0$0$11,357,695
94$16,880,958$0$0$12,434,063
95$18,485,246$0$0$13,617,633
96$20,249,467$0$0$14,919,259
97$22,189,819$0$0$16,350,899
98$24,324,146$0$0$17,925,727
99$26,672,110$0$0$19,658,259
100$29,255,373$0$0$21,564,489