Can I retire at age 57 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$69,119$68,503$67,902$67,316$66,744$66,157
2 years$34,217$33,580$32,962$32,363$31,783$31,191
3 years$22,585$21,945$21,329$20,736$20,164$19,587
4 years$16,770$16,132$15,522$14,939$14,381$13,822
5 years$13,282$12,648$12,046$11,474$10,932$10,393
6 years$10,957$10,328$9,735$9,176$8,650$8,132
7 years$9,297$8,673$8,090$7,544$7,035$6,537
8 years$8,053$7,434$6,861$6,329$5,836$5,359
9 years$7,086$6,473$5,909$5,391$4,915$4,458
10 years$6,312$5,706$5,152$4,647$4,188$3,752
11 years$5,680$5,079$4,535$4,044$3,602$3,186
12 years$5,153$4,559$4,025$3,547$3,121$2,725
13 years$4,708$4,120$3,596$3,132$2,722$2,344
14 years$4,327$3,745$3,231$2,780$2,386$2,027
15 years$3,997$3,421$2,917$2,479$2,101$1,760
16 years$3,708$3,139$2,645$2,220$1,857$1,534
17 years$3,454$2,891$2,407$1,995$1,646$1,341
18 years$3,228$2,671$2,197$1,797$1,464$1,175
19 years$3,026$2,476$2,011$1,624$1,305$1,032
20 years$2,845$2,300$1,846$1,471$1,165$908
21 years$2,681$2,143$1,698$1,335$1,043$800
22 years$2,532$2,000$1,565$1,214$935$706
23 years$2,396$1,871$1,445$1,105$839$624
24 years$2,272$1,753$1,336$1,008$754$552
25 years$2,158$1,645$1,238$921$679$489
26 years$2,053$1,546$1,148$842$611$433
27 years$1,956$1,455$1,066$771$551$384
28 years$1,865$1,371$991$706$497$341
29 years$1,782$1,293$922$647$449$303
30 years$1,704$1,221$859$594$406$269
31 years$1,631$1,155$801$546$367$239
32 years$1,563$1,093$747$502$332$212
33 years$1,499$1,035$698$461$300$189
34 years$1,439$981$652$424$272$168
35 years$1,383$930$609$391$246$150
36 years$1,329$883$570$360$223$133
37 years$1,279$838$534$331$202$119
38 years$1,232$797$500$306$183$106
39 years$1,187$758$468$282$166$94
40 years$1,144$721$439$260$151$84
41 years$1,104$686$411$240$137$75
42 years$1,066$654$386$221$124$67
43 years$1,029$623$362$204$113$59
44 years$994$594$340$189$102$53
45 years$961$566$319$174$93$47
46 years$930$540$300$161$84$42
47 years$900$515$282$149$77$37
48 years$871$492$265$137$70$33
49 years$844$470$249$127$63$30
50 years$817$449$234$117$57$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $837,000, adding $4,727 every year, while hoping to spend $28,614 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: 50/20/30 Blend
56$837,000$837,000$837,000$837,000
57$927,250$882,889$869,915$965,517
58$991,384$895,705$868,612$1,005,642
59$1,061,101$908,191$866,307$1,046,029
60$1,136,940$920,299$862,935$1,089,381
61$1,219,495$931,980$858,429$1,135,994
62$1,309,417$943,181$852,721$1,186,196
63$1,407,425$953,844$845,735$1,240,347
64$1,514,311$963,911$837,395$1,298,846
65$1,630,944$973,316$827,621$1,362,136
66$1,758,282$981,990$816,328$1,430,701
67$1,897,379$989,860$803,427$1,505,082
68$2,049,396$996,847$788,826$1,585,873
69$2,215,611$1,002,870$772,429$1,673,729
70$2,397,431$1,007,838$754,133$1,769,378
71$2,596,406$1,011,659$733,833$1,873,619
72$2,814,240$1,014,231$711,418$1,987,337
73$3,052,814$1,015,449$686,771$2,111,510
74$3,314,194$1,015,200$659,772$2,247,215
75$3,600,661$1,013,363$630,293$2,395,644
76$3,914,722$1,009,812$598,201$2,558,112
77$4,259,141$1,004,410$563,358$2,736,070
78$4,636,962$997,015$525,620$2,931,119
79$5,051,538$987,475$484,834$3,145,030
80$5,506,561$975,627$440,842$3,379,753
81$6,006,100$961,302$393,479$3,637,442
82$6,554,633$944,317$342,572$3,920,476
83$7,157,099$924,482$287,941$4,231,478
84$7,818,934$901,592$229,398$4,573,342
85$8,546,127$875,433$166,745$4,949,265
86$9,345,279$845,776$99,778$5,362,769
87$10,223,659$812,380$28,282$5,817,745
88$11,189,277$774,991$0$6,318,482
89$12,250,956$733,338$0$6,885,084
90$13,418,417$687,136$0$7,518,062
91$14,702,373$636,082$0$8,214,192
92$16,114,623$579,859$0$8,979,907
93$17,668,170$518,127$0$9,822,302
94$19,377,339$450,531$0$10,749,193
95$21,257,914$376,694$0$11,769,199
96$23,327,287$296,217$0$12,891,816
97$25,604,619$208,681$0$14,127,516
98$28,111,025$113,641$0$15,487,837
99$30,869,768$10,628$0$16,985,499
100$33,906,482$0$0$18,634,522