Can I retire at age 57 with 833,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$68,788$68,176$67,578$66,994$66,425$65,217
2 years$34,054$33,419$32,805$32,209$31,631$30,418
3 years$22,477$21,840$21,227$20,637$20,068$18,888
4 years$16,690$16,055$15,448$14,867$14,313$13,175
5 years$13,218$12,587$11,988$11,420$10,880$9,788
6 years$10,905$10,278$9,688$9,132$8,609$7,564
7 years$9,253$8,632$8,051$7,508$7,002$6,003
8 years$8,015$7,399$6,828$6,298$5,808$4,857
9 years$7,052$6,442$5,881$5,365$4,892$3,986
10 years$6,282$5,678$5,127$4,625$4,168$3,308
11 years$5,653$5,055$4,514$4,025$3,584$2,768
12 years$5,129$4,537$4,006$3,530$3,106$2,333
13 years$4,686$4,100$3,579$3,117$2,709$1,978
14 years$4,306$3,727$3,216$2,767$2,374$1,684
15 years$3,978$3,405$2,903$2,467$2,091$1,440
16 years$3,691$3,124$2,632$2,209$1,848$1,235
17 years$3,437$2,877$2,395$1,985$1,638$1,062
18 years$3,213$2,658$2,187$1,789$1,457$915
19 years$3,012$2,464$2,002$1,616$1,298$790
20 years$2,831$2,289$1,837$1,464$1,160$683
21 years$2,668$2,133$1,690$1,329$1,038$592
22 years$2,520$1,991$1,557$1,208$930$513
23 years$2,385$1,862$1,438$1,100$835$446
24 years$2,261$1,744$1,330$1,003$751$387
25 years$2,148$1,637$1,232$916$675$337
26 years$2,043$1,539$1,142$838$608$293
27 years$1,946$1,448$1,061$767$549$255
28 years$1,857$1,364$986$703$495$222
29 years$1,773$1,287$918$644$447$194
30 years$1,696$1,216$855$591$404$169
31 years$1,623$1,149$797$543$365$147
32 years$1,555$1,087$744$499$330$129
33 years$1,492$1,030$694$459$299$112
34 years$1,432$976$649$422$271$98
35 years$1,376$926$606$389$245$85
36 years$1,323$879$567$358$222$75
37 years$1,273$834$531$330$201$65
38 years$1,226$793$497$304$182$57
39 years$1,181$754$466$280$165$50
40 years$1,139$717$437$259$150$43
41 years$1,099$683$409$239$136$38
42 years$1,061$650$384$220$124$33
43 years$1,024$620$360$203$112$29
44 years$990$591$338$188$102$25
45 years$957$563$318$173$92$22
46 years$925$537$298$160$84$19
47 years$895$513$280$148$76$17
48 years$867$490$263$137$69$15
49 years$839$467$248$126$63$13
50 years$813$447$233$117$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $833,000, adding $4,940 every year, while hoping to spend $24,064 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: 70/24/6 Blend
56$833,000$833,000$833,000$833,000
57$923,062$878,913$866,001$986,592
58$991,610$896,375$869,408$1,046,692
59$1,066,344$913,887$872,123$1,108,988
60$1,147,868$931,426$874,097$1,176,484
61$1,236,851$948,965$875,278$1,249,687
62$1,334,024$966,478$875,615$1,329,152
63$1,440,195$983,937$875,049$1,415,491
64$1,556,255$1,001,310$873,523$1,509,378
65$1,683,181$1,018,562$870,974$1,611,557
66$1,822,051$1,035,657$867,337$1,722,846
67$1,974,053$1,052,557$862,545$1,844,145
68$2,140,492$1,069,218$856,527$1,976,449
69$2,322,809$1,085,596$849,207$2,120,851
70$2,522,587$1,101,642$840,507$2,278,557
71$2,741,572$1,117,304$830,346$2,450,895
72$2,981,688$1,132,527$818,637$2,639,329
73$3,245,049$1,147,250$805,291$2,845,471
74$3,533,990$1,161,411$790,213$3,071,099
75$3,851,077$1,174,941$773,306$3,318,171
76$4,199,141$1,187,767$754,466$3,588,845
77$4,581,298$1,199,812$733,585$3,885,499
78$5,000,982$1,210,994$710,551$4,210,753
79$5,461,973$1,221,224$685,246$4,567,496
80$5,968,438$1,230,408$657,546$4,958,909
81$6,524,967$1,238,446$627,322$5,388,502
82$7,136,617$1,245,233$594,440$5,860,138
83$7,808,956$1,250,654$558,758$6,378,077
84$8,548,124$1,254,590$520,130$6,947,015
85$9,360,879$1,256,912$478,402$7,572,126
86$10,254,673$1,257,484$433,412$8,259,111
87$11,237,711$1,256,163$384,993$9,014,256
88$12,319,037$1,252,794$332,970$9,844,485
89$13,508,613$1,247,215$277,159$10,757,433
90$14,817,417$1,239,254$217,368$11,761,512
91$16,257,542$1,228,726$153,399$12,865,993
92$17,842,316$1,215,438$85,043$14,081,094
93$19,586,422$1,199,184$12,081$15,418,078
94$21,506,038$1,179,746$0$16,889,356
95$23,618,992$1,156,891$0$18,512,818
96$25,944,927$1,130,376$0$20,300,427
97$28,505,486$1,099,941$0$22,268,041
98$31,324,519$1,065,311$0$24,433,987
99$34,428,304$1,026,196$0$26,818,464
100$37,845,799$982,288$0$29,443,732