Can I retire at age 57 with 833,000?

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 $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%13.4%
1 years$68,788$68,176$67,578$66,994$66,425$65,486
2 years$34,054$33,419$32,805$32,209$31,631$30,687
3 years$22,477$21,840$21,227$20,637$20,068$19,148
4 years$16,690$16,055$15,448$14,867$14,313$13,424
5 years$13,218$12,587$11,988$11,420$10,880$10,026
6 years$10,905$10,278$9,688$9,132$8,609$7,789
7 years$9,253$8,632$8,051$7,508$7,002$6,217
8 years$8,015$7,399$6,828$6,298$5,808$5,059
9 years$7,052$6,442$5,881$5,365$4,892$4,176
10 years$6,282$5,678$5,127$4,625$4,168$3,487
11 years$5,653$5,055$4,514$4,025$3,584$2,937
12 years$5,129$4,537$4,006$3,530$3,106$2,491
13 years$4,686$4,100$3,579$3,117$2,709$2,126
14 years$4,306$3,727$3,216$2,767$2,374$1,822
15 years$3,978$3,405$2,903$2,467$2,091$1,568
16 years$3,691$3,124$2,632$2,209$1,848$1,355
17 years$3,437$2,877$2,395$1,985$1,638$1,173
18 years$3,213$2,658$2,187$1,789$1,457$1,018
19 years$3,012$2,464$2,002$1,616$1,298$886
20 years$2,831$2,289$1,837$1,464$1,160$772
21 years$2,668$2,133$1,690$1,329$1,038$674
22 years$2,520$1,991$1,557$1,208$930$589
23 years$2,385$1,862$1,438$1,100$835$515
24 years$2,261$1,744$1,330$1,003$751$451
25 years$2,148$1,637$1,232$916$675$395
26 years$2,043$1,539$1,142$838$608$347
27 years$1,946$1,448$1,061$767$549$304
28 years$1,857$1,364$986$703$495$267
29 years$1,773$1,287$918$644$447$235
30 years$1,696$1,216$855$591$404$207
31 years$1,623$1,149$797$543$365$182
32 years$1,555$1,087$744$499$330$160
33 years$1,492$1,030$694$459$299$141
34 years$1,432$976$649$422$271$124
35 years$1,376$926$606$389$245$109
36 years$1,323$879$567$358$222$96
37 years$1,273$834$531$330$201$84
38 years$1,226$793$497$304$182$74
39 years$1,181$754$466$280$165$66
40 years$1,139$717$437$259$150$58
41 years$1,099$683$409$239$136$51
42 years$1,061$650$384$220$124$45
43 years$1,024$620$360$203$112$40
44 years$990$591$338$188$102$35
45 years$957$563$318$173$92$31
46 years$925$537$298$160$84$27
47 years$895$513$280$148$76$24
48 years$867$490$263$137$69$21
49 years$839$467$248$126$63$19
50 years$813$447$233$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $833,000, adding $6,761 every year, while hoping to spend $33,136 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: 38/44/18 Blend
56$833,000$833,000$833,000$833,000
57$924,940$880,791$867,879$954,855
58$984,027$888,693$861,697$984,897
59$1,048,031$895,872$854,197$1,013,692
60$1,117,418$902,257$845,300$1,044,116
61$1,192,700$907,774$834,923$1,076,335
62$1,274,442$912,342$822,980$1,110,533
63$1,363,265$915,876$809,379$1,146,913
64$1,459,851$918,287$794,026$1,185,702
65$1,564,951$919,478$776,821$1,227,152
66$1,679,391$919,347$757,660$1,271,541
67$1,804,081$917,787$736,434$1,319,182
68$1,940,021$914,683$713,028$1,370,418
69$2,088,312$909,911$687,324$1,425,633
70$2,250,167$903,344$659,196$1,485,252
71$2,426,920$894,844$628,515$1,549,745
72$2,620,040$884,265$595,144$1,619,635
73$2,831,143$871,453$558,941$1,695,502
74$3,062,011$856,246$519,756$1,777,989
75$3,314,603$838,469$477,435$1,867,807
76$3,591,078$817,939$431,814$1,965,746
77$3,893,812$794,462$382,724$2,072,680
78$4,225,423$767,833$329,988$2,189,577
79$4,588,794$737,834$273,420$2,317,509
80$4,987,098$704,235$212,827$2,457,664
81$5,423,832$666,793$148,006$2,611,356
82$5,902,846$625,249$78,748$2,780,040
83$6,428,382$579,332$4,832$2,965,324
84$7,005,112$528,754$0$3,168,991
85$7,638,180$473,210$0$3,407,231
86$8,333,255$412,378$0$3,669,916
87$9,096,582$345,919$0$3,958,575
88$9,935,038$273,474$0$4,275,922
89$10,856,200$194,662$0$4,624,955
90$11,868,417$109,085$0$5,008,984
91$12,980,883$16,318$0$5,431,664
92$14,203,730$0$0$5,897,032
93$15,548,120$0$0$6,450,255
94$17,026,349$0$0$7,067,367
95$18,651,966$0$0$7,746,138
96$20,439,897$0$0$8,492,819
97$22,406,588$0$0$9,314,293
98$24,570,159$0$0$10,218,146
99$26,950,574$0$0$11,212,737
100$29,569,831$0$0$12,307,274