Can I retire at age 57 with 840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$69,366$68,749$68,146$67,557$66,983$66,173
2 years$34,340$33,700$33,080$32,479$31,897$31,082
3 years$22,666$22,023$21,405$20,810$20,236$19,442
4 years$16,830$16,190$15,578$14,992$14,433$13,664
5 years$13,329$12,693$12,089$11,516$10,972$10,232
6 years$10,996$10,365$9,770$9,209$8,681$7,971
7 years$9,331$8,704$8,119$7,571$7,060$6,380
8 years$8,082$7,461$6,885$6,351$5,857$5,206
9 years$7,111$6,496$5,930$5,410$4,933$4,311
10 years$6,335$5,726$5,170$4,663$4,203$3,610
11 years$5,700$5,098$4,552$4,059$3,615$3,050
12 years$5,172$4,575$4,039$3,560$3,132$2,596
13 years$4,725$4,135$3,609$3,143$2,731$2,222
14 years$4,342$3,758$3,243$2,790$2,394$1,911
15 years$4,011$3,433$2,928$2,488$2,108$1,651
16 years$3,722$3,150$2,654$2,228$1,863$1,430
17 years$3,466$2,901$2,415$2,002$1,652$1,243
18 years$3,240$2,681$2,205$1,804$1,469$1,083
19 years$3,037$2,484$2,019$1,630$1,309$946
20 years$2,855$2,309$1,853$1,476$1,169$827
21 years$2,690$2,150$1,704$1,340$1,047$725
22 years$2,541$2,007$1,570$1,218$938$636
23 years$2,405$1,877$1,450$1,109$842$558
24 years$2,280$1,759$1,341$1,012$757$491
25 years$2,166$1,651$1,242$924$681$432
26 years$2,060$1,551$1,152$845$613$380
27 years$1,963$1,460$1,070$773$553$335
28 years$1,872$1,376$994$709$499$296
29 years$1,788$1,298$925$650$451$261
30 years$1,710$1,226$862$596$407$230
31 years$1,637$1,159$804$548$368$203
32 years$1,568$1,096$750$503$333$180
33 years$1,504$1,038$700$463$301$159
34 years$1,444$984$654$426$273$140
35 years$1,387$933$612$392$247$124
36 years$1,334$886$572$361$224$110
37 years$1,284$841$535$333$203$97
38 years$1,236$800$501$307$184$86
39 years$1,191$760$470$283$167$76
40 years$1,148$723$440$261$151$67
41 years$1,108$689$413$241$137$59
42 years$1,069$656$387$222$125$53
43 years$1,033$625$363$205$113$47
44 years$998$596$341$189$103$41
45 years$965$568$320$175$93$36
46 years$933$542$301$161$85$32
47 years$903$517$283$149$77$29
48 years$874$494$266$138$70$25
49 years$847$471$250$127$63$22
50 years$820$450$235$118$58$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $840,000, adding $5,510 every year, while hoping to spend $46,448 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: 47/28/25 Blend
56$840,000$840,000$840,000$840,000
57$931,364$886,844$873,824$968,250
58$976,942$880,879$853,676$988,759
59$1,025,613$873,065$831,297$1,005,999
60$1,077,643$863,262$806,563$1,023,790
61$1,133,324$851,323$779,344$1,042,206
62$1,192,975$837,090$749,504$1,061,331
63$1,256,948$820,397$716,902$1,081,262
64$1,325,629$801,068$681,391$1,102,109
65$1,399,440$778,918$642,814$1,123,997
66$1,478,846$753,747$601,011$1,147,066
67$1,564,356$725,349$555,813$1,171,475
68$1,656,529$693,500$507,042$1,197,404
69$1,755,982$657,969$454,515$1,225,056
70$1,863,390$618,506$398,038$1,254,657
71$1,979,494$574,852$337,411$1,286,463
72$2,105,111$526,728$272,423$1,320,762
73$2,241,138$473,844$202,855$1,357,876
74$2,388,561$415,889$128,477$1,398,166
75$2,548,464$352,537$49,051$1,442,036
76$2,722,039$283,443$0$1,489,938
77$2,910,599$208,244$0$1,551,902
78$3,115,585$126,553$0$1,633,550
79$3,338,586$37,965$0$1,722,485
80$3,581,346$0$0$1,819,486
81$3,845,788$0$0$1,943,269
82$4,134,027$0$0$2,091,028
83$4,448,389$0$0$2,252,269
84$4,791,435$0$0$2,428,317
85$5,165,985$0$0$2,620,631
86$5,575,143$0$0$2,830,816
87$6,022,325$0$0$3,060,641
88$6,511,294$0$0$3,312,053
89$7,046,189$0$0$3,587,194
90$7,631,573$0$0$3,888,425
91$8,272,465$0$0$4,218,344
92$8,974,397$0$0$4,579,814
93$9,743,457$0$0$4,975,987
94$10,586,352$0$0$5,410,334
95$11,510,468$0$0$5,886,679
96$12,523,939$0$0$6,409,232
97$13,635,725$0$0$6,982,632
98$14,855,696$0$0$7,611,988
99$16,194,721$0$0$8,302,928
100$17,664,774$0$0$9,061,651