Can I retire at age 57 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$71,596$70,958$70,336$69,729$69,136$68,414
2 years$35,444$34,783$34,144$33,523$32,922$32,195
3 years$23,394$22,731$22,093$21,479$20,887$20,177
4 years$17,371$16,710$16,078$15,474$14,897$14,210
5 years$13,758$13,101$12,477$11,886$11,324$10,663
6 years$11,350$10,698$10,084$9,505$8,961$8,325
7 years$9,631$8,984$8,379$7,815$7,287$6,677
8 years$8,342$7,701$7,106$6,556$6,046$5,462
9 years$7,340$6,705$6,121$5,584$5,091$4,533
10 years$6,539$5,910$5,336$4,813$4,338$3,805
11 years$5,884$5,261$4,698$4,189$3,731$3,223
12 years$5,338$4,722$4,169$3,674$3,233$2,750
13 years$4,877$4,268$3,725$3,244$2,819$2,360
14 years$4,482$3,879$3,347$2,880$2,471$2,035
15 years$4,140$3,544$3,022$2,568$2,176$1,763
16 years$3,841$3,251$2,740$2,299$1,923$1,532
17 years$3,578$2,994$2,493$2,066$1,705$1,335
18 years$3,344$2,767$2,276$1,862$1,516$1,166
19 years$3,135$2,564$2,083$1,682$1,351$1,021
20 years$2,947$2,383$1,912$1,524$1,207$896
21 years$2,777$2,220$1,759$1,383$1,080$787
22 years$2,623$2,072$1,621$1,257$968$693
23 years$2,482$1,938$1,497$1,145$869$610
24 years$2,353$1,816$1,384$1,044$781$538
25 years$2,235$1,704$1,282$954$703$475
26 years$2,126$1,601$1,189$872$633$420
27 years$2,026$1,507$1,104$798$571$371
28 years$1,932$1,420$1,026$731$515$328
29 years$1,846$1,340$955$671$465$290
30 years$1,765$1,265$890$616$420$257
31 years$1,689$1,196$829$565$380$228
32 years$1,619$1,132$774$520$344$202
33 years$1,553$1,072$723$478$311$179
34 years$1,491$1,016$675$440$282$159
35 years$1,432$963$631$405$255$141
36 years$1,377$914$590$373$231$125
37 years$1,325$868$553$343$209$111
38 years$1,276$825$518$316$190$98
39 years$1,229$785$485$292$172$87
40 years$1,185$747$454$269$156$78
41 years$1,144$711$426$248$142$69
42 years$1,104$677$400$229$129$61
43 years$1,066$645$375$212$117$54
44 years$1,030$615$352$195$106$48
45 years$996$586$331$180$96$43
46 years$963$559$311$167$87$38
47 years$932$534$292$154$79$34
48 years$902$510$274$142$72$30
49 years$874$487$258$131$65$27
50 years$846$465$242$122$59$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $867,000, adding $2,500 every year, while hoping to spend $58,659 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: 26/48/26 Blend
56$867,000$867,000$867,000$867,000
57$958,013$912,062$898,623$975,049
58$993,317$894,340$866,314$971,377
59$1,030,257$873,784$830,957$962,226
60$1,068,937$850,193$792,388$951,185
61$1,109,470$823,354$750,434$938,134
62$1,151,979$793,042$704,918$922,947
63$1,196,599$759,019$655,650$905,493
64$1,243,475$721,033$602,437$885,633
65$1,292,764$678,818$545,073$863,224
66$1,344,637$632,092$483,345$838,115
67$1,399,282$580,557$417,029$810,151
68$1,456,902$523,897$345,892$779,169
69$1,517,718$461,780$269,692$744,998
70$1,581,972$393,854$188,173$707,464
71$1,649,927$319,747$101,071$666,383
72$1,721,872$239,067$8,109$621,565
73$1,798,120$151,398$0$572,815
74$1,879,015$56,303$0$545,201
75$1,964,932$0$0$517,286
76$2,056,281$0$0$511,344
77$2,153,513$0$0$536,751
78$2,257,118$0$0$563,908
79$2,367,635$0$0$592,965
80$2,485,654$0$0$624,089
81$2,611,821$0$0$657,463
82$2,746,845$0$0$693,288
83$2,891,503$0$0$731,782
84$3,046,647$0$0$773,189
85$3,213,213$0$0$817,771
86$3,392,226$0$0$865,822
87$3,584,813$0$0$917,659
88$3,792,212$0$0$973,635
89$4,015,780$0$0$1,034,135
90$4,257,011$0$0$1,099,583
91$4,517,543$0$0$1,170,447
92$4,799,178$0$0$1,247,237
93$5,103,896$0$0$1,330,519
94$5,433,875$0$0$1,420,911
95$5,791,507$0$0$1,519,096
96$6,179,424$0$0$1,625,823
97$6,600,520$0$0$1,741,917
98$7,057,977$0$0$1,868,286
99$7,555,298$0$0$2,005,928
100$8,096,333$0$0$2,155,943