Can I retire at age 57 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$68,871$68,257$67,659$67,075$66,504$64,068
2 years$34,095$33,460$32,844$32,247$31,669$29,242
3 years$22,504$21,866$21,252$20,661$20,092$17,750
4 years$16,710$16,074$15,466$14,885$14,330$12,091
5 years$13,234$12,602$12,002$11,433$10,893$8,763
6 years$10,918$10,291$9,700$9,143$8,619$6,600
7 years$9,264$8,642$8,061$7,517$7,010$5,100
8 years$8,024$7,408$6,836$6,306$5,815$4,014
9 years$7,060$6,450$5,888$5,371$4,897$3,202
10 years$6,290$5,685$5,133$4,630$4,173$2,580
11 years$5,660$5,061$4,519$4,030$3,589$2,096
12 years$5,135$4,543$4,011$3,535$3,110$1,712
13 years$4,691$4,105$3,583$3,120$2,712$1,406
14 years$4,311$3,732$3,220$2,770$2,377$1,159
15 years$3,982$3,409$2,907$2,470$2,093$959
16 years$3,695$3,128$2,635$2,212$1,850$795
17 years$3,441$2,880$2,398$1,987$1,640$661
18 years$3,216$2,662$2,189$1,791$1,458$550
19 years$3,015$2,467$2,004$1,618$1,300$458
20 years$2,835$2,292$1,839$1,466$1,161$383
21 years$2,671$2,135$1,692$1,330$1,039$320
22 years$2,523$1,993$1,559$1,209$931$267
23 years$2,388$1,864$1,440$1,102$836$224
24 years$2,264$1,746$1,331$1,005$751$187
25 years$2,150$1,639$1,233$918$676$157
26 years$2,045$1,540$1,144$839$609$131
27 years$1,949$1,450$1,062$768$549$110
28 years$1,859$1,366$987$704$496$92
29 years$1,775$1,289$919$645$447$77
30 years$1,698$1,217$856$592$404$65
31 years$1,625$1,151$798$544$366$54
32 years$1,557$1,089$744$500$331$46
33 years$1,494$1,031$695$460$299$38
34 years$1,434$977$649$423$271$32
35 years$1,378$927$607$389$245$27
36 years$1,325$880$568$358$222$23
37 years$1,275$835$532$330$202$19
38 years$1,227$794$498$304$183$16
39 years$1,183$755$466$281$166$13
40 years$1,140$718$437$259$150$11
41 years$1,100$684$410$239$136$9
42 years$1,062$651$385$220$124$8
43 years$1,025$620$361$204$112$7
44 years$991$591$339$188$102$6
45 years$958$564$318$174$93$5
46 years$927$538$299$160$84$4
47 years$897$513$281$148$76$3
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$2
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $834,000, adding $4,958 every year, while hoping to spend $55,569 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: 69/22/9 Blend
56$834,000$834,000$834,000$834,000
57$924,182$879,980$867,053$986,030
58$959,324$863,974$836,974$1,011,667
59$996,187$845,322$804,026$1,032,484
60$1,034,890$823,834$768,052$1,053,770
61$1,075,559$799,311$728,892$1,075,558
62$1,118,331$771,544$686,375$1,097,891
63$1,163,359$740,307$640,326$1,120,814
64$1,210,804$705,364$590,560$1,144,380
65$1,260,845$666,466$536,883$1,168,650
66$1,313,676$623,348$479,093$1,193,691
67$1,369,509$575,731$416,981$1,219,579
68$1,428,576$523,318$350,326$1,246,404
69$1,491,127$465,797$278,899$1,274,262
70$1,557,439$402,838$202,459$1,303,265
71$1,627,812$334,091$120,756$1,333,538
72$1,702,576$259,189$33,529$1,365,222
73$1,782,092$177,742$0$1,398,477
74$1,866,752$89,338$0$1,439,199
75$1,956,988$0$0$1,485,679
76$2,053,273$0$0$1,536,508
77$2,156,124$0$0$1,613,934
78$2,266,109$0$0$1,696,760
79$2,383,849$0$0$1,785,457
80$2,510,026$0$0$1,880,544
81$2,645,389$0$0$1,982,588
82$2,790,757$0$0$2,092,213
83$2,947,033$0$0$2,210,102
84$3,115,205$0$0$2,337,008
85$3,296,360$0$0$2,473,755
86$3,491,689$0$0$2,621,248
87$3,702,503$0$0$2,780,483
88$3,930,242$0$0$2,952,555
89$4,176,489$0$0$3,138,664
90$4,442,981$0$0$3,340,132
91$4,731,631$0$0$3,558,412
92$5,044,541$0$0$3,795,100
93$5,384,021$0$0$4,051,953
94$5,752,614$0$0$4,330,902
95$6,153,115$0$0$4,634,072
96$6,588,599$0$0$4,963,800
97$7,062,451$0$0$5,322,658
98$7,578,393$0$0$5,713,474
99$8,140,522$0$0$6,139,362
100$8,753,346$0$0$6,603,749