Can I retire at age 57 with 840,000?

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 $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%11.8%
1 years$69,366$68,749$68,146$67,557$66,983$66,477
2 years$34,340$33,700$33,080$32,479$31,897$31,387
3 years$22,666$22,023$21,405$20,810$20,236$19,738
4 years$16,830$16,190$15,578$14,992$14,433$13,950
5 years$13,329$12,693$12,089$11,516$10,972$10,506
6 years$10,996$10,365$9,770$9,209$8,681$8,233
7 years$9,331$8,704$8,119$7,571$7,060$6,630
8 years$8,082$7,461$6,885$6,351$5,857$5,444
9 years$7,111$6,496$5,930$5,410$4,933$4,537
10 years$6,335$5,726$5,170$4,663$4,203$3,825
11 years$5,700$5,098$4,552$4,059$3,615$3,254
12 years$5,172$4,575$4,039$3,560$3,132$2,788
13 years$4,725$4,135$3,609$3,143$2,731$2,404
14 years$4,342$3,758$3,243$2,790$2,394$2,083
15 years$4,011$3,433$2,928$2,488$2,108$1,812
16 years$3,722$3,150$2,654$2,228$1,863$1,582
17 years$3,466$2,901$2,415$2,002$1,652$1,386
18 years$3,240$2,681$2,205$1,804$1,469$1,217
19 years$3,037$2,484$2,019$1,630$1,309$1,071
20 years$2,855$2,309$1,853$1,476$1,169$944
21 years$2,690$2,150$1,704$1,340$1,047$834
22 years$2,541$2,007$1,570$1,218$938$738
23 years$2,405$1,877$1,450$1,109$842$653
24 years$2,280$1,759$1,341$1,012$757$579
25 years$2,166$1,651$1,242$924$681$514
26 years$2,060$1,551$1,152$845$613$457
27 years$1,963$1,460$1,070$773$553$406
28 years$1,872$1,376$994$709$499$361
29 years$1,788$1,298$925$650$451$322
30 years$1,710$1,226$862$596$407$286
31 years$1,637$1,159$804$548$368$255
32 years$1,568$1,096$750$503$333$227
33 years$1,504$1,038$700$463$301$203
34 years$1,444$984$654$426$273$181
35 years$1,387$933$612$392$247$161
36 years$1,334$886$572$361$224$144
37 years$1,284$841$535$333$203$129
38 years$1,236$800$501$307$184$115
39 years$1,191$760$470$283$167$103
40 years$1,148$723$440$261$151$92
41 years$1,108$689$413$241$137$82
42 years$1,069$656$387$222$125$73
43 years$1,033$625$363$205$113$65
44 years$998$596$341$189$103$58
45 years$965$568$320$175$93$52
46 years$933$542$301$161$85$47
47 years$903$517$283$149$77$42
48 years$874$494$266$138$70$37
49 years$847$471$250$127$63$33
50 years$820$450$235$118$58$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $840,000, adding $4,878 every year, while hoping to spend $59,366 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: 73/8/19 Blend
56$840,000$840,000$840,000$840,000
57$930,712$886,192$873,172$994,123
58$962,479$866,450$839,258$1,017,142
59$995,498$843,751$802,218$1,034,695
60$1,029,831$817,888$761,886$1,052,398
61$1,065,550$788,641$718,085$1,070,257
62$1,102,728$755,776$670,633$1,088,274
63$1,141,446$719,049$619,339$1,106,458
64$1,181,790$678,199$564,003$1,124,816
65$1,223,852$632,950$504,417$1,143,358
66$1,267,733$583,012$440,362$1,162,099
67$1,313,539$528,077$371,612$1,181,054
68$1,361,387$467,820$297,928$1,200,243
69$1,411,403$401,898$219,063$1,219,690
70$1,463,721$329,946$134,757$1,239,422
71$1,518,489$251,582$44,740$1,259,473
72$1,575,866$166,400$0$1,279,881
73$1,636,024$73,973$0$1,311,097
74$1,699,149$0$0$1,353,123
75$1,765,445$0$0$1,399,304
76$1,835,133$0$0$1,454,706
77$1,908,451$0$0$1,513,007
78$1,985,661$0$0$1,574,418
79$2,067,046$0$0$1,639,166
80$2,152,917$0$0$1,707,499
81$2,243,610$0$0$1,779,688
82$2,339,493$0$0$1,856,028
83$2,440,967$0$0$1,936,842
84$2,548,472$0$0$2,022,480
85$2,662,486$0$0$2,113,328
86$2,783,532$0$0$2,209,806
87$2,912,184$0$0$2,312,374
88$3,049,067$0$0$2,421,535
89$3,194,867$0$0$2,537,839
90$3,350,335$0$0$2,661,889
91$3,516,292$0$0$2,794,345
92$3,693,641$0$0$2,935,932
93$3,883,367$0$0$3,087,443
94$4,086,555$0$0$3,249,747
95$4,304,390$0$0$3,423,799
96$4,538,177$0$0$3,610,645
97$4,789,344$0$0$3,811,434
98$5,059,460$0$0$4,027,428
99$5,350,249$0$0$4,260,011
100$5,663,603$0$0$4,510,704