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%15.8%
1 years$68,954$68,339$67,740$67,155$66,584$65,001
2 years$34,135$33,500$32,884$32,286$31,707$30,121
3 years$22,531$21,892$21,278$20,686$20,116$18,577
4 years$16,730$16,093$15,485$14,903$14,347$12,867
5 years$13,250$12,617$12,017$11,447$10,906$9,489
6 years$10,931$10,303$9,711$9,154$8,630$7,277
7 years$9,275$8,652$8,070$7,526$7,018$5,730
8 years$8,034$7,417$6,844$6,314$5,822$4,598
9 years$7,069$6,458$5,895$5,378$4,903$3,742
10 years$6,297$5,692$5,139$4,636$4,178$3,079
11 years$5,666$5,067$4,525$4,034$3,593$2,554
12 years$5,141$4,548$4,015$3,539$3,114$2,133
13 years$4,697$4,110$3,588$3,124$2,715$1,791
14 years$4,317$3,736$3,223$2,773$2,380$1,511
15 years$3,987$3,413$2,910$2,473$2,096$1,279
16 years$3,699$3,131$2,639$2,215$1,852$1,086
17 years$3,446$2,884$2,401$1,990$1,642$925
18 years$3,220$2,665$2,192$1,793$1,460$789
19 years$3,019$2,470$2,007$1,620$1,302$674
20 years$2,838$2,295$1,841$1,467$1,163$577
21 years$2,674$2,138$1,694$1,332$1,040$494
22 years$2,526$1,995$1,561$1,211$933$424
23 years$2,390$1,866$1,441$1,103$837$364
24 years$2,267$1,749$1,333$1,006$752$313
25 years$2,153$1,641$1,235$919$677$269
26 years$2,048$1,542$1,145$840$610$232
27 years$1,951$1,451$1,063$769$550$199
28 years$1,861$1,368$989$704$496$172
29 years$1,778$1,290$920$646$448$148
30 years$1,700$1,218$857$593$405$128
31 years$1,627$1,152$799$544$366$110
32 years$1,559$1,090$745$500$331$95
33 years$1,495$1,032$696$460$300$82
34 years$1,436$978$650$423$271$71
35 years$1,379$928$608$390$246$61
36 years$1,326$881$569$359$223$53
37 years$1,276$836$532$331$202$45
38 years$1,229$795$498$305$183$39
39 years$1,184$756$467$281$166$34
40 years$1,142$719$438$259$150$29
41 years$1,101$685$410$239$136$25
42 years$1,063$652$385$221$124$22
43 years$1,027$621$361$204$112$19
44 years$992$592$339$188$102$16
45 years$959$565$318$174$93$14
46 years$928$539$299$160$84$12
47 years$898$514$281$148$76$10
48 years$869$491$264$137$69$9
49 years$842$469$248$127$63$8
50 years$815$448$233$117$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $835,000, adding $2,367 every year, while hoping to spend $39,083 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: 65/11/24 Blend
56$835,000$835,000$835,000$835,000
57$922,612$878,357$865,414$976,683
58$975,134$879,812$852,821$1,014,859
59$1,031,704$880,029$838,497$1,051,957
60$1,092,692$878,905$822,342$1,091,614
61$1,158,508$876,333$804,251$1,134,085
62$1,229,600$872,197$784,117$1,179,651
63$1,306,460$866,375$761,826$1,228,623
64$1,389,629$858,739$737,258$1,281,345
65$1,479,705$849,150$710,290$1,338,196
66$1,577,341$837,464$680,790$1,399,596
67$1,683,256$823,527$648,624$1,466,011
68$1,798,244$807,175$613,648$1,537,952
69$1,923,174$788,236$575,714$1,615,988
70$2,059,004$766,526$534,667$1,700,743
71$2,206,789$741,852$490,345$1,792,912
72$2,367,687$714,008$442,577$1,893,259
73$2,542,975$682,779$391,187$2,002,628
74$2,734,056$647,933$335,990$2,121,954
75$2,942,477$609,228$276,792$2,252,267
76$3,169,936$566,407$213,391$2,394,707
77$3,418,308$519,199$145,578$2,550,530
78$3,689,652$467,316$73,131$2,721,126
79$3,986,237$410,456$0$2,908,027
80$4,310,562$348,296$0$3,113,998
81$4,665,376$280,500$0$3,359,892
82$5,053,708$206,708$0$3,629,090
83$5,478,893$126,543$0$3,923,935
84$5,944,602$39,606$0$4,247,012
85$6,454,879$0$0$4,601,169
86$7,014,179$0$0$4,996,142
87$7,627,406$0$0$5,434,511
88$8,299,962$0$0$5,915,349
89$9,037,797$0$0$6,442,918
90$9,847,465$0$0$7,021,912
91$10,736,186$0$0$7,657,500
92$11,711,911$0$0$8,355,378
93$12,783,400$0$0$9,121,819
94$13,960,303$0$0$9,963,734
95$15,253,248$0$0$10,888,736
96$16,673,948$0$0$11,905,212
97$18,235,302$0$0$13,022,403
98$19,951,524$0$0$14,250,487
99$21,838,272$0$0$15,600,679
100$23,912,795$0$0$17,085,335