Can I retire at age 57 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$69,284$68,667$68,065$67,477$66,903$65,445
2 years$34,299$33,660$33,041$32,441$31,859$30,397
3 years$22,639$21,997$21,380$20,785$20,212$18,793
4 years$16,810$16,170$15,559$14,975$14,416$13,049
5 years$13,313$12,678$12,074$11,502$10,959$9,649
6 years$10,983$10,352$9,758$9,198$8,671$7,420
7 years$9,320$8,694$8,109$7,562$7,052$5,859
8 years$8,072$7,452$6,877$6,344$5,850$4,715
9 years$7,103$6,489$5,923$5,404$4,927$3,849
10 years$6,327$5,719$5,164$4,658$4,198$3,176
11 years$5,694$5,092$4,546$4,054$3,610$2,644
12 years$5,166$4,570$4,035$3,556$3,129$2,215
13 years$4,720$4,130$3,605$3,139$2,728$1,866
14 years$4,337$3,754$3,239$2,787$2,392$1,580
15 years$4,006$3,429$2,924$2,485$2,106$1,342
16 years$3,717$3,146$2,651$2,225$1,861$1,144
17 years$3,462$2,898$2,413$1,999$1,650$977
18 years$3,236$2,678$2,202$1,802$1,467$837
19 years$3,033$2,482$2,016$1,628$1,308$718
20 years$2,851$2,306$1,850$1,475$1,168$616
21 years$2,687$2,148$1,702$1,338$1,045$530
22 years$2,538$2,005$1,569$1,217$937$457
23 years$2,402$1,875$1,448$1,108$841$394
24 years$2,277$1,757$1,339$1,011$756$340
25 years$2,163$1,649$1,241$923$680$293
26 years$2,058$1,550$1,151$844$613$253
27 years$1,960$1,458$1,068$772$552$219
28 years$1,870$1,374$993$708$498$189
29 years$1,786$1,296$924$649$450$164
30 years$1,708$1,224$861$596$407$142
31 years$1,635$1,157$803$547$368$123
32 years$1,567$1,095$749$503$333$106
33 years$1,503$1,037$699$462$301$92
34 years$1,442$983$653$425$273$80
35 years$1,386$932$611$392$247$69
36 years$1,333$885$571$361$224$60
37 years$1,282$840$535$332$203$52
38 years$1,235$799$501$306$184$45
39 years$1,190$760$469$282$167$39
40 years$1,147$723$440$260$151$34
41 years$1,107$688$412$240$137$29
42 years$1,068$655$387$222$124$25
43 years$1,032$624$363$205$113$22
44 years$997$595$341$189$103$19
45 years$964$567$320$175$93$17
46 years$932$541$300$161$84$14
47 years$902$517$282$149$77$12
48 years$873$493$265$138$70$11
49 years$846$471$249$127$63$9
50 years$819$450$234$118$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $839,000, adding $5,922 every year, while hoping to spend $24,052 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: 72/8/20 Blend
56$839,000$839,000$839,000$839,000
57$930,687$886,220$873,215$992,796
58$1,000,025$904,053$876,877$1,052,730
59$1,075,631$921,955$879,855$1,114,904
60$1,158,116$939,901$882,101$1,182,391
61$1,248,158$957,870$883,565$1,255,717
62$1,346,499$975,835$884,193$1,335,456
63$1,453,958$993,767$883,930$1,422,245
64$1,571,436$1,011,636$882,716$1,516,785
65$1,699,927$1,029,410$880,491$1,619,848
66$1,840,521$1,047,054$877,190$1,732,284
67$1,994,424$1,064,528$872,745$1,855,031
68$2,162,958$1,081,794$867,085$1,989,122
69$2,347,584$1,098,806$860,137$2,135,695
70$2,549,908$1,115,518$851,822$2,296,006
71$2,771,700$1,131,879$842,059$2,471,438
72$3,014,908$1,147,835$830,762$2,663,514
73$3,281,678$1,163,329$817,843$2,873,915
74$3,574,376$1,178,299$803,207$3,104,492
75$3,895,604$1,192,678$786,756$3,357,285
76$4,248,232$1,206,395$768,389$3,634,544
77$4,635,420$1,219,376$747,998$3,938,747
78$5,060,647$1,231,540$725,471$4,272,625
79$5,527,749$1,242,801$700,689$4,639,191
80$6,040,948$1,253,068$673,532$5,041,763
81$6,604,900$1,262,243$643,870$5,483,997
82$7,224,729$1,270,222$611,569$5,969,926
83$7,906,084$1,276,896$576,489$6,503,992
84$8,655,187$1,282,146$538,484$7,091,092
85$9,478,892$1,285,848$497,399$7,736,623
86$10,384,754$1,287,869$453,077$8,446,534
87$11,381,092$1,288,067$405,348$9,227,381
88$12,477,075$1,286,294$354,039$10,086,390
89$13,682,804$1,282,390$298,967$11,031,525
90$15,009,409$1,276,187$239,941$12,071,563
91$16,469,154$1,267,505$176,764$13,216,178
92$18,075,549$1,256,154$109,227$14,476,032
93$19,843,482$1,241,932$37,113$15,862,876
94$21,789,357$1,224,628$0$17,389,661
95$23,931,250$1,204,013$0$19,079,165
96$26,289,077$1,179,848$0$20,947,619
97$28,884,782$1,151,880$0$23,004,487
98$31,742,547$1,119,839$0$25,268,932
99$34,889,016$1,083,441$0$27,762,070
100$38,353,551$1,042,385$0$30,507,173