Can I retire at age 57 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$71,348$70,713$70,093$69,488$68,897$68,120
2 years$35,321$34,663$34,026$33,407$32,808$32,027
3 years$23,313$22,653$22,017$21,404$20,815$20,052
4 years$17,311$16,652$16,023$15,421$14,845$14,108
5 years$13,710$13,055$12,434$11,845$11,285$10,575
6 years$11,311$10,661$10,049$9,472$8,930$8,247
7 years$9,597$8,953$8,350$7,788$7,262$6,608
8 years$8,313$7,674$7,082$6,533$6,025$5,399
9 years$7,314$6,682$6,100$5,565$5,074$4,476
10 years$6,516$5,890$5,318$4,797$4,323$3,752
11 years$5,863$5,243$4,682$4,175$3,718$3,174
12 years$5,320$4,706$4,155$3,662$3,222$2,705
13 years$4,860$4,253$3,712$3,233$2,810$2,318
14 years$4,467$3,866$3,335$2,870$2,463$1,997
15 years$4,126$3,531$3,011$2,559$2,168$1,727
16 years$3,828$3,240$2,730$2,291$1,916$1,499
17 years$3,565$2,984$2,484$2,059$1,699$1,304
18 years$3,332$2,757$2,268$1,855$1,511$1,138
19 years$3,124$2,555$2,076$1,677$1,347$995
20 years$2,936$2,375$1,905$1,518$1,203$872
21 years$2,767$2,212$1,753$1,378$1,076$765
22 years$2,614$2,065$1,615$1,253$965$672
23 years$2,474$1,931$1,491$1,141$866$591
24 years$2,345$1,809$1,379$1,041$779$520
25 years$2,228$1,698$1,278$951$701$459
26 years$2,119$1,596$1,185$869$631$404
27 years$2,019$1,502$1,100$795$569$357
28 years$1,926$1,415$1,023$729$513$315
29 years$1,839$1,335$952$668$464$279
30 years$1,759$1,261$887$613$419$246
31 years$1,684$1,192$827$563$379$218
32 years$1,613$1,128$771$518$343$193
33 years$1,547$1,068$720$476$310$171
34 years$1,485$1,012$673$438$281$151
35 years$1,427$960$629$403$254$134
36 years$1,372$911$588$371$230$119
37 years$1,320$865$551$342$209$105
38 years$1,271$823$516$315$189$93
39 years$1,225$782$483$291$172$82
40 years$1,181$744$453$268$156$73
41 years$1,140$708$425$247$141$65
42 years$1,100$675$398$228$128$57
43 years$1,062$643$374$211$116$51
44 years$1,027$613$351$195$106$45
45 years$992$584$329$180$96$40
46 years$960$557$309$166$87$36
47 years$929$532$291$153$79$31
48 years$899$508$273$142$72$28
49 years$871$485$257$131$65$25
50 years$844$463$241$121$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $864,000, adding $2,999 every year, while hoping to spend $24,078 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: 54/34/12 Blend
56$864,000$864,000$864,000$864,000
57$955,221$909,429$896,037$1,003,683
58$1,027,035$928,373$900,436$1,055,894
59$1,105,367$947,437$904,175$1,109,833
60$1,190,856$966,603$907,206$1,167,980
61$1,284,207$985,850$909,481$1,230,743
62$1,386,193$1,005,154$910,946$1,298,567
63$1,497,669$1,024,491$911,547$1,371,944
64$1,619,573$1,043,832$911,225$1,451,417
65$1,752,939$1,063,150$909,920$1,537,581
66$1,898,905$1,082,411$907,570$1,631,097
67$2,058,726$1,101,581$904,106$1,732,690
68$2,233,782$1,120,625$899,459$1,843,159
69$2,425,593$1,139,501$893,556$1,963,385
70$2,635,834$1,158,166$886,321$2,094,341
71$2,866,348$1,176,576$877,672$2,237,098
72$3,119,167$1,194,680$867,526$2,392,835
73$3,396,528$1,212,425$855,794$2,562,856
74$3,700,895$1,229,755$842,384$2,748,593
75$4,034,982$1,246,608$827,199$2,951,630
76$4,401,778$1,262,920$810,138$3,173,709
77$4,804,577$1,278,621$791,096$3,416,751
78$5,247,007$1,293,637$769,960$3,682,877
79$5,733,065$1,307,887$746,617$3,974,421
80$6,267,152$1,321,288$720,943$4,293,959
81$6,854,120$1,333,750$692,813$4,644,328
82$7,499,311$1,345,175$662,093$5,028,659
83$8,208,613$1,355,461$628,646$5,450,399
84$8,988,512$1,364,499$592,326$5,913,353
85$9,846,153$1,372,172$552,981$6,421,712
86$10,789,409$1,378,356$510,454$6,980,098
87$11,826,954$1,382,921$464,580$7,593,605
88$12,968,345$1,385,726$415,185$8,267,848
89$14,224,111$1,386,622$362,089$9,009,019
90$15,605,856$1,385,451$305,104$9,823,943
91$17,126,360$1,382,046$244,032$10,720,141
92$18,799,711$1,376,228$178,669$11,705,907
93$20,641,427$1,367,808$108,800$12,790,383
94$22,668,608$1,356,587$34,201$13,983,645
95$24,900,098$1,342,351$0$15,296,802
96$27,356,657$1,324,875$0$16,747,911
97$30,061,162$1,303,920$0$18,349,708
98$33,038,822$1,279,234$0$20,112,719
99$36,317,413$1,250,548$0$22,053,377
100$39,927,543$1,217,578$0$24,189,795