Can I retire at age 57 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$71,761$71,122$70,498$69,890$69,295$66,520
2 years$35,525$34,864$34,223$33,601$32,998$30,236
3 years$23,448$22,784$22,144$21,528$20,935$18,275
4 years$17,411$16,749$16,115$15,510$14,931$12,392
5 years$13,790$13,131$12,506$11,913$11,350$8,939
6 years$11,376$10,722$10,107$9,527$8,981$6,699
7 years$9,653$9,005$8,399$7,833$7,304$5,150
8 years$8,361$7,719$7,123$6,571$6,059$4,032
9 years$7,357$6,721$6,135$5,597$5,103$3,198
10 years$6,554$5,924$5,349$4,824$4,348$2,563
11 years$5,897$5,274$4,709$4,199$3,739$2,069
12 years$5,350$4,733$4,179$3,683$3,240$1,681
13 years$4,888$4,278$3,734$3,251$2,826$1,372
14 years$4,492$3,888$3,355$2,886$2,477$1,124
15 years$4,150$3,552$3,029$2,574$2,181$923
16 years$3,850$3,259$2,746$2,305$1,928$761
17 years$3,586$3,001$2,499$2,071$1,709$628
18 years$3,351$2,773$2,281$1,866$1,520$519
19 years$3,142$2,570$2,088$1,686$1,355$430
20 years$2,953$2,388$1,916$1,527$1,210$356
21 years$2,783$2,225$1,763$1,386$1,083$296
22 years$2,629$2,077$1,625$1,260$970$245
23 years$2,488$1,942$1,500$1,148$871$204
24 years$2,359$1,820$1,387$1,047$783$169
25 years$2,240$1,708$1,285$956$705$141
26 years$2,131$1,605$1,192$874$635$117
27 years$2,030$1,511$1,107$800$572$98
28 years$1,937$1,423$1,029$733$516$81
29 years$1,850$1,343$957$672$466$68
30 years$1,769$1,268$892$617$421$56
31 years$1,693$1,199$831$567$381$47
32 years$1,623$1,134$776$521$345$39
33 years$1,556$1,074$724$479$312$33
34 years$1,494$1,018$677$441$282$27
35 years$1,435$966$633$406$256$23
36 years$1,380$917$592$374$232$19
37 years$1,328$871$554$344$210$16
38 years$1,279$827$519$317$190$13
39 years$1,232$787$486$292$173$11
40 years$1,188$748$456$270$157$9
41 years$1,146$712$427$249$142$8
42 years$1,106$679$401$230$129$6
43 years$1,069$646$376$212$117$5
44 years$1,032$616$353$196$106$4
45 years$998$588$331$181$96$4
46 years$965$561$311$167$88$3
47 years$934$535$292$154$79$3
48 years$904$511$275$143$72$2
49 years$876$488$258$132$66$2
50 years$848$466$243$122$60$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $869,000, adding $6,436 every year, while hoping to spend $32,625 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: 28/47/25 Blend
56$869,000$869,000$869,000$869,000
57$964,277$918,220$904,750$983,614
58$1,027,920$928,500$900,347$1,009,662
59$1,096,962$938,190$894,702$1,034,350
60$1,171,918$947,227$887,740$1,060,203
61$1,253,356$955,544$879,382$1,087,342
62$1,341,901$963,068$869,544$1,115,903
63$1,438,239$969,723$858,138$1,146,038
64$1,543,127$975,427$845,074$1,177,915
65$1,657,397$980,093$830,254$1,211,725
66$1,781,963$983,630$813,580$1,247,678
67$1,917,834$985,938$794,945$1,286,010
68$2,066,118$986,915$774,241$1,326,983
69$2,228,036$986,447$751,352$1,370,890
70$2,404,932$984,419$726,158$1,418,055
71$2,598,285$980,706$698,534$1,468,843
72$2,809,723$975,173$668,348$1,523,656
73$3,041,040$967,682$635,463$1,582,942
74$3,294,210$958,082$599,735$1,647,200
75$3,571,408$946,216$561,014$1,716,985
76$3,875,026$931,916$519,144$1,792,912
77$4,207,704$915,005$473,960$1,875,666
78$4,572,343$895,293$425,291$1,966,004
79$4,972,142$872,583$372,958$2,064,769
80$5,410,623$846,662$316,775$2,172,897
81$5,891,666$817,308$256,546$2,291,423
82$6,419,544$784,285$192,069$2,421,498
83$6,998,964$747,341$123,129$2,564,395
84$7,635,111$706,213$49,506$2,721,527
85$8,333,695$660,620$0$2,894,458
86$9,101,009$610,267$0$3,092,674
87$9,943,982$554,841$0$3,324,938
88$10,870,252$494,012$0$3,580,224
89$11,888,228$427,429$0$3,860,953
90$13,007,178$354,723$0$4,169,803
91$14,237,311$275,506$0$4,509,731
92$15,589,875$189,363$0$4,884,004
93$17,077,261$95,861$0$5,296,229
94$18,713,123$0$0$5,750,394
95$20,512,504$0$0$6,253,724
96$22,491,976$0$0$6,862,128
97$24,669,802$0$0$7,531,661
98$27,066,100$0$0$8,268,528
99$29,703,041$0$0$9,079,569
100$32,605,049$0$0$9,972,316