Can I retire at age 57 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$68,954$68,339$67,740$67,155$66,584$65,861
2 years$34,135$33,500$32,884$32,286$31,707$30,979
3 years$22,531$21,892$21,278$20,686$20,116$19,406
4 years$16,730$16,093$15,485$14,903$14,347$13,660
5 years$13,250$12,617$12,017$11,447$10,906$10,244
6 years$10,931$10,303$9,711$9,154$8,630$7,994
7 years$9,275$8,652$8,070$7,526$7,018$6,408
8 years$8,034$7,417$6,844$6,314$5,822$5,239
9 years$7,069$6,458$5,895$5,378$4,903$4,346
10 years$6,297$5,692$5,139$4,636$4,178$3,646
11 years$5,666$5,067$4,525$4,034$3,593$3,086
12 years$5,141$4,548$4,015$3,539$3,114$2,631
13 years$4,697$4,110$3,588$3,124$2,715$2,257
14 years$4,317$3,736$3,223$2,773$2,380$1,945
15 years$3,987$3,413$2,910$2,473$2,096$1,683
16 years$3,699$3,131$2,639$2,215$1,852$1,462
17 years$3,446$2,884$2,401$1,990$1,642$1,273
18 years$3,220$2,665$2,192$1,793$1,460$1,111
19 years$3,019$2,470$2,007$1,620$1,302$973
20 years$2,838$2,295$1,841$1,467$1,163$853
21 years$2,674$2,138$1,694$1,332$1,040$749
22 years$2,526$1,995$1,561$1,211$933$658
23 years$2,390$1,866$1,441$1,103$837$579
24 years$2,267$1,749$1,333$1,006$752$511
25 years$2,153$1,641$1,235$919$677$450
26 years$2,048$1,542$1,145$840$610$397
27 years$1,951$1,451$1,063$769$550$351
28 years$1,861$1,368$989$704$496$310
29 years$1,778$1,290$920$646$448$274
30 years$1,700$1,218$857$593$405$243
31 years$1,627$1,152$799$544$366$215
32 years$1,559$1,090$745$500$331$190
33 years$1,495$1,032$696$460$300$169
34 years$1,436$978$650$423$271$149
35 years$1,379$928$608$390$246$132
36 years$1,326$881$569$359$223$117
37 years$1,276$836$532$331$202$104
38 years$1,229$795$498$305$183$92
39 years$1,184$756$467$281$166$82
40 years$1,142$719$438$259$150$73
41 years$1,101$685$410$239$136$64
42 years$1,063$652$385$221$124$57
43 years$1,027$621$361$204$112$51
44 years$992$592$339$188$102$45
45 years$959$565$318$174$93$40
46 years$928$539$299$160$84$35
47 years$898$514$281$148$76$32
48 years$869$491$264$137$69$28
49 years$842$469$248$127$63$25
50 years$815$448$233$117$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $835,000, adding $3,469 every year, while hoping to spend $51,699 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: 53/19/28 Blend
56$835,000$835,000$835,000$835,000
57$923,748$879,493$866,551$965,318
58$962,963$867,581$840,573$982,593
59$1,004,445$853,353$811,992$995,840
60$1,048,372$836,639$780,666$1,009,230
61$1,094,934$817,264$746,448$1,022,795
62$1,144,345$795,037$709,181$1,036,578
63$1,196,834$769,760$668,704$1,050,626
64$1,252,653$741,220$624,848$1,064,996
65$1,312,079$709,195$577,436$1,079,753
66$1,375,414$673,448$526,282$1,094,973
67$1,442,988$633,729$471,195$1,110,744
68$1,515,163$589,773$411,971$1,127,167
69$1,592,338$541,300$348,400$1,144,356
70$1,674,948$488,014$280,262$1,162,445
71$1,763,470$429,604$207,328$1,181,582
72$1,858,428$365,739$129,358$1,201,940
73$1,960,396$296,069$46,100$1,223,711
74$2,070,007$220,226$0$1,247,116
75$2,187,951$137,821$0$1,285,175
76$2,314,991$48,443$0$1,340,924
77$2,451,960$0$0$1,400,975
78$2,599,776$0$0$1,475,882
79$2,759,448$0$0$1,567,799
80$2,932,083$0$0$1,667,246
81$3,118,899$0$0$1,774,932
82$3,321,234$0$0$1,891,637
83$3,540,559$0$0$2,018,219
84$3,778,493$0$0$2,155,622
85$4,036,816$0$0$2,304,883
86$4,317,484$0$0$2,467,145
87$4,622,651$0$0$2,643,664
88$4,954,686$0$0$2,835,821
89$5,316,195$0$0$3,045,136
90$5,710,047$0$0$3,273,284
91$6,139,396$0$0$3,522,106
92$6,607,717$0$0$3,793,628
93$7,118,833$0$0$4,090,081
94$7,676,953$0$0$4,413,923
95$8,286,709$0$0$4,767,855
96$8,953,201$0$0$5,154,856
97$9,682,044$0$0$5,578,203
98$10,479,422$0$0$6,041,503
99$11,352,141$0$0$6,548,732
100$12,307,698$0$0$7,104,264