Can I retire at age 57 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$69,201$68,585$67,983$67,396$66,823$65,181
2 years$34,258$33,620$33,002$32,402$31,821$30,177
3 years$22,612$21,971$21,354$20,760$20,188$18,594
4 years$16,790$16,151$15,540$14,957$14,398$12,865
5 years$13,298$12,663$12,060$11,488$10,945$9,478
6 years$10,970$10,340$9,746$9,187$8,661$7,261
7 years$9,308$8,684$8,099$7,553$7,044$5,711
8 years$8,063$7,443$6,869$6,336$5,843$4,577
9 years$7,094$6,481$5,916$5,397$4,921$3,721
10 years$6,320$5,712$5,158$4,652$4,193$3,057
11 years$5,687$5,086$4,541$4,049$3,606$2,533
12 years$5,160$4,564$4,030$3,551$3,125$2,113
13 years$4,714$4,125$3,600$3,135$2,725$1,772
14 years$4,332$3,749$3,235$2,783$2,389$1,493
15 years$4,002$3,425$2,921$2,482$2,103$1,262
16 years$3,713$3,143$2,648$2,223$1,859$1,070
17 years$3,458$2,894$2,410$1,997$1,648$909
18 years$3,232$2,674$2,200$1,800$1,465$775
19 years$3,030$2,479$2,014$1,626$1,306$661
20 years$2,848$2,303$1,848$1,473$1,167$565
21 years$2,684$2,145$1,700$1,337$1,044$483
22 years$2,535$2,003$1,567$1,215$936$414
23 years$2,399$1,873$1,447$1,107$840$355
24 years$2,275$1,755$1,338$1,009$755$305
25 years$2,160$1,647$1,239$922$679$262
26 years$2,055$1,548$1,149$843$612$225
27 years$1,958$1,457$1,067$772$552$193
28 years$1,868$1,373$992$707$498$166
29 years$1,784$1,295$923$648$450$143
30 years$1,706$1,223$860$595$406$123
31 years$1,633$1,156$802$546$367$106
32 years$1,565$1,094$748$502$332$91
33 years$1,501$1,036$698$462$301$78
34 years$1,441$982$653$425$272$68
35 years$1,384$931$610$391$247$58
36 years$1,331$884$571$360$223$50
37 years$1,281$839$534$332$202$43
38 years$1,233$798$500$306$184$37
39 years$1,188$759$469$282$166$32
40 years$1,146$722$439$260$151$28
41 years$1,105$687$412$240$137$24
42 years$1,067$654$386$222$124$21
43 years$1,030$623$363$204$113$18
44 years$996$594$340$189$102$15
45 years$963$567$320$174$93$13
46 years$931$541$300$161$84$11
47 years$901$516$282$149$77$10
48 years$872$492$265$138$70$8
49 years$845$470$249$127$63$7
50 years$818$449$234$117$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $838,000, adding $4,601 every year, while hoping to spend $30,930 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: 56/17/27 Blend
56$838,000$838,000$838,000$838,000
57$928,222$883,808$870,819$973,078
58$989,991$894,205$867,082$1,014,814
59$1,057,024$904,075$862,183$1,056,651
60$1,129,826$913,360$856,051$1,101,603
61$1,208,950$921,996$848,611$1,149,978
62$1,295,007$929,918$839,783$1,202,120
63$1,388,668$937,055$829,487$1,258,407
64$1,490,672$943,330$817,634$1,319,257
65$1,601,832$948,665$804,137$1,385,134
66$1,723,042$952,973$788,898$1,456,548
67$1,855,287$956,163$771,821$1,534,061
68$1,999,651$958,140$752,802$1,618,298
69$2,157,326$958,799$731,731$1,709,946
70$2,329,626$958,033$708,497$1,809,764
71$2,517,996$955,725$682,980$1,918,592
72$2,724,029$951,753$655,057$2,037,354
73$2,949,477$945,986$624,599$2,167,074
74$3,196,270$938,285$591,469$2,308,880
75$3,466,533$928,505$555,527$2,464,018
76$3,762,607$916,489$516,624$2,633,863
77$4,087,068$902,072$474,606$2,819,934
78$4,442,756$885,081$429,313$3,023,906
79$4,832,796$865,329$380,574$3,247,629
80$5,260,632$842,621$328,214$3,493,143
81$5,730,057$816,749$272,049$3,762,700
82$6,245,247$787,494$211,887$4,058,787
83$6,810,804$754,624$147,528$4,384,146
84$7,431,798$717,892$78,761$4,741,802
85$8,113,811$677,038$5,369$5,135,093
86$8,862,994$631,787$0$5,567,704
87$9,686,124$581,849$0$6,064,715
88$10,590,664$526,916$0$6,612,607
89$11,584,839$466,662$0$7,214,850
90$12,677,709$400,745$0$7,876,972
91$13,879,255$328,801$0$8,605,068
92$15,200,474$250,447$0$9,405,856
93$16,653,481$165,278$0$10,286,739
94$18,251,626$72,866$0$11,255,878
95$20,009,615$0$0$12,322,269
96$21,943,654$0$0$13,500,922
97$24,071,595$0$0$14,812,827
98$26,413,112$0$0$16,256,494
99$28,989,880$0$0$17,845,296
100$31,825,781$0$0$19,593,972