Can I retire at age 57 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$71,018$70,385$69,768$69,166$68,578$66,838
2 years$35,157$34,503$33,868$33,253$32,656$30,915
3 years$23,205$22,548$21,915$21,305$20,718$19,030
4 years$17,231$16,575$15,948$15,349$14,776$13,154
5 years$13,647$12,995$12,377$11,790$11,233$9,681
6 years$11,258$10,611$10,002$9,428$8,888$7,408
7 years$9,553$8,911$8,312$7,752$7,228$5,820
8 years$8,274$7,639$7,049$6,503$5,997$4,659
9 years$7,280$6,651$6,071$5,539$5,050$3,783
10 years$6,486$5,862$5,293$4,774$4,303$3,104
11 years$5,836$5,219$4,660$4,155$3,701$2,569
12 years$5,295$4,684$4,136$3,645$3,207$2,140
13 years$4,838$4,233$3,695$3,218$2,796$1,792
14 years$4,446$3,848$3,320$2,856$2,451$1,508
15 years$4,107$3,515$2,997$2,547$2,158$1,273
16 years$3,810$3,225$2,718$2,281$1,908$1,078
17 years$3,549$2,970$2,473$2,049$1,691$915
18 years$3,317$2,745$2,257$1,847$1,504$778
19 years$3,109$2,544$2,067$1,669$1,340$663
20 years$2,923$2,364$1,897$1,511$1,197$566
21 years$2,754$2,202$1,745$1,372$1,071$483
22 years$2,601$2,055$1,608$1,247$960$413
23 years$2,462$1,922$1,485$1,136$862$354
24 years$2,334$1,801$1,373$1,036$775$303
25 years$2,217$1,690$1,272$946$697$260
26 years$2,109$1,588$1,179$865$628$223
27 years$2,009$1,495$1,095$792$566$191
28 years$1,917$1,409$1,018$725$511$164
29 years$1,831$1,329$947$665$461$141
30 years$1,751$1,255$882$611$417$121
31 years$1,676$1,186$823$561$377$104
32 years$1,606$1,123$768$515$341$89
33 years$1,540$1,063$717$474$309$77
34 years$1,479$1,008$670$436$279$66
35 years$1,421$956$626$401$253$57
36 years$1,366$907$586$370$229$49
37 years$1,314$861$548$341$208$42
38 years$1,266$819$513$314$188$36
39 years$1,219$779$481$289$171$31
40 years$1,176$741$451$267$155$27
41 years$1,134$705$423$246$141$23
42 years$1,095$671$397$227$128$20
43 years$1,057$640$372$210$116$17
44 years$1,022$610$349$194$105$15
45 years$988$582$328$179$95$13
46 years$955$555$308$165$87$11
47 years$925$529$289$153$79$9
48 years$895$505$272$141$71$8
49 years$867$483$256$130$65$7
50 years$840$461$240$121$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $860,000, adding $2,555 every year, while hoping to spend $39,376 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: 51/29/20 Blend
56$860,000$860,000$860,000$860,000
57$950,355$904,775$891,445$993,430
58$1,005,396$907,214$879,413$1,025,866
59$1,064,731$908,452$865,658$1,056,843
60$1,128,757$908,389$850,081$1,089,688
61$1,197,909$906,919$832,578$1,124,590
62$1,272,666$903,929$813,040$1,161,762
63$1,353,555$899,298$791,353$1,201,441
64$1,441,153$892,899$767,399$1,243,887
65$1,536,097$884,597$741,053$1,289,392
66$1,639,085$874,249$712,184$1,338,278
67$1,750,886$861,702$680,657$1,390,902
68$1,872,347$846,795$646,330$1,447,663
69$2,004,397$829,359$609,052$1,508,999
70$2,148,060$809,212$568,670$1,575,400
71$2,304,462$786,163$525,020$1,647,406
72$2,474,841$760,010$477,933$1,725,618
73$2,660,562$730,537$427,231$1,810,700
74$2,863,125$697,520$372,729$1,903,388
75$3,084,182$660,716$314,233$2,004,497
76$3,325,551$619,874$251,543$2,114,932
77$3,589,233$574,723$184,445$2,235,690
78$3,877,432$524,982$112,721$2,367,880
79$4,192,573$470,349$36,140$2,512,725
80$4,537,327$410,508$0$2,671,582
81$4,914,636$345,123$0$2,855,676
82$5,327,736$273,842$0$3,065,802
83$5,780,194$196,289$0$3,296,129
84$6,275,938$112,071$0$3,548,743
85$6,819,292$20,771$0$3,825,949
86$7,415,019$0$0$4,130,289
87$8,068,365$0$0$4,489,477
88$8,785,108$0$0$4,890,880
89$9,571,613$0$0$5,331,446
90$10,434,889$0$0$5,815,113
91$11,382,660$0$0$6,346,219
92$12,423,430$0$0$6,929,544
93$13,566,571$0$0$7,570,353
94$14,822,405$0$0$8,274,446
95$16,202,303$0$0$9,048,211
96$17,718,793$0$0$9,898,687
97$19,385,677$0$0$10,833,631
98$21,218,159$0$0$11,861,585
99$23,232,991$0$0$12,991,963
100$25,448,630$0$0$14,235,134