Can I retire at age 57 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$71,431$70,795$70,174$69,568$68,976$67,750
2 years$35,362$34,703$34,065$33,446$32,846$31,615
3 years$23,340$22,679$22,042$21,429$20,839$19,641
4 years$17,331$16,671$16,041$15,439$14,862$13,707
5 years$13,726$13,071$12,449$11,858$11,298$10,189
6 years$11,324$10,673$10,060$9,483$8,940$7,878
7 years$9,608$8,963$8,360$7,797$7,270$6,256
8 years$8,322$7,683$7,090$6,540$6,032$5,064
9 years$7,323$6,690$6,107$5,571$5,079$4,158
10 years$6,524$5,897$5,324$4,802$4,328$3,453
11 years$5,870$5,249$4,687$4,179$3,722$2,892
12 years$5,326$4,712$4,160$3,666$3,226$2,439
13 years$4,866$4,258$3,716$3,236$2,813$2,069
14 years$4,472$3,870$3,339$2,873$2,466$1,763
15 years$4,131$3,536$3,015$2,562$2,171$1,508
16 years$3,832$3,244$2,733$2,294$1,919$1,294
17 years$3,569$2,987$2,487$2,061$1,701$1,114
18 years$3,336$2,761$2,271$1,858$1,513$960
19 years$3,127$2,558$2,079$1,679$1,348$830
20 years$2,940$2,377$1,908$1,520$1,204$718
21 years$2,770$2,214$1,755$1,380$1,078$623
22 years$2,617$2,067$1,617$1,254$966$541
23 years$2,476$1,933$1,493$1,142$867$470
24 years$2,348$1,811$1,381$1,042$779$408
25 years$2,230$1,700$1,279$952$701$355
26 years$2,121$1,598$1,186$870$632$310
27 years$2,021$1,504$1,102$796$570$270
28 years$1,928$1,417$1,024$730$514$235
29 years$1,841$1,337$953$669$464$205
30 years$1,761$1,262$888$614$419$179
31 years$1,686$1,193$828$564$379$156
32 years$1,615$1,129$772$518$343$136
33 years$1,549$1,069$721$477$310$119
34 years$1,487$1,013$674$439$281$104
35 years$1,429$961$630$404$255$91
36 years$1,374$912$589$372$231$79
37 years$1,322$866$551$343$209$69
38 years$1,273$823$516$316$189$61
39 years$1,227$783$484$291$172$53
40 years$1,183$745$453$269$156$46
41 years$1,141$709$425$248$141$41
42 years$1,101$675$399$229$128$35
43 years$1,064$644$374$211$116$31
44 years$1,028$613$351$195$106$27
45 years$994$585$330$180$96$24
46 years$961$558$310$166$87$21
47 years$930$533$291$154$79$18
48 years$900$508$274$142$72$16
49 years$872$485$257$131$65$14
50 years$845$464$242$121$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $865,000, adding $4,938 every year, while hoping to spend $26,622 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: 65/23/12 Blend
56$865,000$865,000$865,000$865,000
57$958,324$912,479$899,071$1,017,688
58$1,027,747$928,864$900,864$1,074,319
59$1,103,359$945,161$901,825$1,132,603
60$1,185,764$961,336$901,898$1,195,616
61$1,275,624$977,353$901,024$1,263,817
62$1,373,671$993,177$899,142$1,337,712
63$1,480,708$1,008,766$896,186$1,417,860
64$1,597,622$1,024,076$892,090$1,504,876
65$1,725,386$1,039,062$886,781$1,599,438
66$1,865,073$1,053,674$880,186$1,702,294
67$2,017,864$1,067,859$872,226$1,814,267
68$2,185,061$1,081,558$862,821$1,936,265
69$2,368,096$1,094,713$851,883$2,069,289
70$2,568,544$1,107,257$839,324$2,214,442
71$2,788,144$1,119,121$825,050$2,372,939
72$3,028,808$1,130,231$808,962$2,546,121
73$3,292,642$1,140,508$790,958$2,735,465
74$3,581,967$1,149,868$770,931$2,942,598
75$3,899,337$1,158,221$748,766$3,169,316
76$4,247,567$1,165,471$724,347$3,417,598
77$4,629,757$1,171,518$697,552$3,689,623
78$5,049,322$1,176,252$668,249$3,987,797
79$5,510,024$1,179,559$636,307$4,314,770
80$6,016,006$1,181,317$601,582$4,673,462
81$6,571,833$1,181,396$563,930$5,067,094
82$7,182,533$1,179,657$523,195$5,499,216
83$7,853,646$1,175,956$479,217$5,973,740
84$8,591,276$1,170,135$431,828$6,494,981
85$9,402,145$1,162,031$380,853$7,067,692
86$10,293,662$1,151,468$326,110$7,697,116
87$11,273,987$1,138,262$267,406$8,389,030
88$12,352,112$1,122,215$204,542$9,149,802
89$13,537,943$1,103,119$137,310$9,986,452
90$14,842,395$1,080,754$65,493$10,906,719
91$16,277,494$1,054,886$0$11,919,132
92$17,856,491$1,025,268$0$13,034,521
93$19,593,984$991,637$0$14,270,864
94$21,506,059$953,716$0$15,631,223
95$23,610,441$911,212$0$17,128,221
96$25,926,659$863,814$0$18,775,773
97$28,476,232$811,195$0$20,589,213
98$31,282,870$753,006$0$22,585,442
99$34,372,700$688,881$0$24,783,085
100$37,774,511$618,431$0$27,202,670