Can I retire at age 57 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$71,513$70,876$70,255$69,648$69,056$66,659
2 years$35,403$34,743$34,104$33,485$32,884$30,494
3 years$23,367$22,705$22,068$21,454$20,863$18,555
4 years$17,351$16,691$16,060$15,456$14,880$12,671
5 years$13,742$13,086$12,463$11,872$11,311$9,208
6 years$11,337$10,685$10,072$9,494$8,950$6,954
7 years$9,619$8,974$8,370$7,806$7,279$5,389
8 years$8,332$7,692$7,098$6,548$6,039$4,254
9 years$7,331$6,697$6,114$5,577$5,085$3,404
10 years$6,531$5,903$5,330$4,808$4,333$2,751
11 years$5,877$5,255$4,693$4,184$3,726$2,242
12 years$5,332$4,717$4,165$3,670$3,229$1,838
13 years$4,871$4,263$3,721$3,240$2,816$1,515
14 years$4,477$3,875$3,343$2,876$2,468$1,253
15 years$4,135$3,540$3,018$2,565$2,173$1,040
16 years$3,837$3,248$2,737$2,297$1,921$866
17 years$3,574$2,991$2,490$2,064$1,703$722
18 years$3,340$2,764$2,273$1,860$1,514$603
19 years$3,131$2,561$2,081$1,680$1,350$505
20 years$2,943$2,380$1,910$1,522$1,206$423
21 years$2,774$2,217$1,757$1,381$1,079$355
22 years$2,620$2,070$1,619$1,256$967$298
23 years$2,479$1,936$1,495$1,144$868$250
24 years$2,351$1,814$1,383$1,043$780$210
25 years$2,233$1,702$1,281$953$702$177
26 years$2,124$1,599$1,188$871$632$149
27 years$2,023$1,505$1,103$797$570$125
28 years$1,930$1,418$1,025$731$515$105
29 years$1,843$1,338$954$670$465$89
30 years$1,763$1,264$889$615$420$75
31 years$1,687$1,195$828$565$380$63
32 years$1,617$1,130$773$519$343$53
33 years$1,551$1,070$722$477$311$45
34 years$1,489$1,015$674$439$281$38
35 years$1,430$962$630$404$255$32
36 years$1,375$913$590$372$231$27
37 years$1,323$867$552$343$209$23
38 years$1,274$824$517$316$190$19
39 years$1,228$784$484$291$172$16
40 years$1,184$746$454$269$156$14
41 years$1,142$710$426$248$142$11
42 years$1,103$676$399$229$128$10
43 years$1,065$644$375$211$117$8
44 years$1,029$614$352$195$106$7
45 years$995$586$330$180$96$6
46 years$962$559$310$166$87$5
47 years$931$533$291$154$79$4
48 years$901$509$274$142$72$3
49 years$873$486$257$131$65$3
50 years$846$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $866,000, adding $3,692 every year, while hoping to spend $22,371 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: 29/48/23 Blend
56$866,000$866,000$866,000$866,000
57$958,140$912,242$898,819$978,957
58$1,032,068$933,140$905,127$1,016,283
59$1,112,787$954,311$910,897$1,054,157
60$1,200,965$975,747$916,086$1,094,410
61$1,297,340$997,435$920,651$1,137,264
62$1,402,722$1,019,363$924,547$1,182,959
63$1,518,005$1,041,516$927,724$1,231,763
64$1,644,171$1,063,880$930,132$1,283,969
65$1,782,302$1,086,436$931,717$1,339,902
66$1,933,591$1,109,166$932,424$1,399,921
67$2,099,351$1,132,048$932,194$1,464,420
68$2,281,028$1,155,061$930,965$1,533,836
69$2,480,212$1,178,179$928,672$1,608,649
70$2,698,659$1,201,375$925,248$1,689,390
71$2,938,300$1,224,620$920,622$1,776,645
72$3,201,262$1,247,882$914,718$1,871,060
73$3,489,889$1,271,126$907,459$1,973,348
74$3,806,762$1,294,316$898,763$2,084,296
75$4,154,724$1,317,410$888,544$2,204,772
76$4,536,908$1,340,365$876,712$2,335,734
77$4,956,764$1,363,135$863,174$2,478,238
78$5,418,095$1,385,669$847,831$2,633,451
79$5,925,087$1,407,913$830,579$2,802,660
80$6,482,353$1,429,808$811,312$2,987,284
81$7,094,978$1,451,293$789,915$3,188,889
82$7,768,560$1,472,301$766,272$3,409,203
83$8,509,270$1,492,760$740,258$3,650,133
84$9,323,903$1,512,594$711,745$3,913,781
85$10,219,950$1,531,720$680,597$4,202,468
86$11,205,662$1,550,050$646,674$4,518,753
87$12,290,129$1,567,493$609,827$4,865,460
88$13,483,369$1,583,947$569,903$5,245,702
89$14,796,418$1,599,306$526,741$5,662,916
90$16,241,437$1,613,456$480,171$6,120,890
91$17,831,826$1,626,277$430,018$6,623,803
92$19,582,347$1,637,640$376,099$7,176,266
93$21,509,270$1,647,408$318,222$7,783,363
94$23,630,518$1,655,434$256,185$8,450,702
95$25,965,844$1,661,563$189,780$9,184,466
96$28,537,011$1,665,630$118,789$9,991,476
97$31,368,001$1,667,461$42,983$10,879,254
98$34,485,239$1,666,868$0$11,856,095
99$37,917,842$1,663,653$0$12,940,449
100$41,697,896$1,657,607$0$14,144,962