Can I retire at age 57 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$69,449$68,830$68,227$67,638$67,063$66,528
2 years$34,381$33,740$33,120$32,518$31,935$31,396
3 years$22,693$22,050$21,431$20,835$20,261$19,735
4 years$16,850$16,209$15,596$15,010$14,450$13,940
5 years$13,345$12,708$12,103$11,529$10,985$10,493
6 years$11,009$10,377$9,781$9,220$8,692$8,219
7 years$9,342$8,715$8,128$7,580$7,069$6,614
8 years$8,091$7,470$6,893$6,359$5,864$5,429
9 years$7,120$6,504$5,937$5,416$4,939$4,522
10 years$6,343$5,733$5,176$4,669$4,208$3,809
11 years$5,707$5,104$4,557$4,063$3,619$3,239
12 years$5,178$4,581$4,044$3,564$3,136$2,774
13 years$4,731$4,140$3,613$3,147$2,735$2,390
14 years$4,348$3,763$3,247$2,793$2,397$2,069
15 years$4,016$3,437$2,931$2,491$2,111$1,799
16 years$3,726$3,154$2,658$2,230$1,865$1,570
17 years$3,470$2,905$2,418$2,004$1,654$1,374
18 years$3,243$2,684$2,208$1,806$1,471$1,205
19 years$3,041$2,487$2,021$1,632$1,311$1,060
20 years$2,858$2,311$1,855$1,478$1,171$934
21 years$2,694$2,153$1,706$1,341$1,048$824
22 years$2,544$2,010$1,572$1,220$939$729
23 years$2,408$1,880$1,452$1,111$843$645
24 years$2,283$1,761$1,343$1,013$758$571
25 years$2,168$1,653$1,244$925$682$507
26 years$2,063$1,553$1,153$846$614$450
27 years$1,965$1,462$1,071$774$554$400
28 years$1,874$1,378$996$709$500$355
29 years$1,790$1,300$926$651$451$316
30 years$1,712$1,227$863$597$408$281
31 years$1,639$1,160$805$548$369$250
32 years$1,570$1,098$751$504$333$223
33 years$1,506$1,040$701$463$302$199
34 years$1,446$985$655$426$273$177
35 years$1,389$935$612$393$247$158
36 years$1,336$887$573$362$224$141
37 years$1,285$842$536$333$203$126
38 years$1,238$801$502$307$184$112
39 years$1,193$761$470$283$167$100
40 years$1,150$724$441$261$152$89
41 years$1,109$689$413$241$137$80
42 years$1,071$657$388$222$125$71
43 years$1,034$626$364$205$113$63
44 years$999$596$342$189$103$57
45 years$966$569$321$175$93$51
46 years$934$543$301$162$85$45
47 years$904$518$283$149$77$40
48 years$875$494$266$138$70$36
49 years$848$472$250$128$63$32
50 years$821$451$235$118$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $841,000, adding $3,622 every year, while hoping to spend $25,440 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: 60/18/22 Blend
56$841,000$841,000$841,000$841,000
57$930,518$885,945$872,910$980,727
58$998,363$902,288$875,084$1,031,550
59$1,072,275$918,580$876,479$1,083,881
60$1,152,847$934,790$877,041$1,140,411
61$1,240,731$950,888$876,714$1,201,555
62$1,336,642$966,838$875,441$1,267,767
63$1,441,371$982,605$873,160$1,339,547
64$1,555,787$998,148$869,807$1,417,448
65$1,680,846$1,013,427$865,314$1,502,080
66$1,817,602$1,028,394$859,612$1,594,115
67$1,967,214$1,043,002$852,626$1,694,293
68$2,130,960$1,057,199$844,279$1,803,431
69$2,310,245$1,070,929$834,489$1,922,431
70$2,506,617$1,084,132$823,172$2,052,285
71$2,721,783$1,096,745$810,239$2,194,089
72$2,957,619$1,108,700$795,596$2,349,051
73$3,216,195$1,119,925$779,147$2,518,503
74$3,499,787$1,130,342$760,789$2,703,912
75$3,810,906$1,139,869$740,416$2,906,898
76$4,152,314$1,148,418$717,915$3,129,248
77$4,527,055$1,155,896$693,171$3,372,928
78$4,938,484$1,162,203$666,061$3,640,110
79$5,390,292$1,167,234$636,457$3,933,187
80$5,886,549$1,170,876$604,226$4,254,798
81$6,431,738$1,173,010$569,228$4,607,853
82$7,030,796$1,173,508$531,318$4,995,560
83$7,689,163$1,172,236$490,343$5,421,454
84$8,412,832$1,169,050$446,144$5,889,436
85$9,208,406$1,163,798$398,554$6,403,805
86$10,083,158$1,156,319$347,401$6,969,301
87$11,045,103$1,146,442$292,502$7,591,149
88$12,103,071$1,133,985$233,668$8,275,110
89$13,266,789$1,118,755$170,701$9,027,535
90$14,546,977$1,100,549$103,394$9,855,427
91$15,955,443$1,079,151$31,533$10,766,503
92$17,505,200$1,054,331$0$11,769,274
93$19,210,585$1,025,848$0$12,883,719
94$21,087,395$993,445$0$14,118,169
95$23,153,035$956,849$0$15,476,670
96$25,426,685$915,775$0$16,971,848
97$27,929,475$869,917$0$18,617,619
98$30,684,693$818,954$0$20,429,317
99$33,717,995$762,545$0$22,423,843
100$37,057,652$700,332$0$24,619,822