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%13.9%
1 years$69,449$68,830$68,227$67,638$67,063$65,979
2 years$34,381$33,740$33,120$32,518$31,935$30,846
3 years$22,693$22,050$21,431$20,835$20,261$19,200
4 years$16,850$16,209$15,596$15,010$14,450$13,427
5 years$13,345$12,708$12,103$11,529$10,985$10,001
6 years$11,009$10,377$9,781$9,220$8,692$7,749
7 years$9,342$8,715$8,128$7,580$7,069$6,168
8 years$8,091$7,470$6,893$6,359$5,864$5,004
9 years$7,120$6,504$5,937$5,416$4,939$4,119
10 years$6,343$5,733$5,176$4,669$4,208$3,429
11 years$5,707$5,104$4,557$4,063$3,619$2,879
12 years$5,178$4,581$4,044$3,564$3,136$2,434
13 years$4,731$4,140$3,613$3,147$2,735$2,070
14 years$4,348$3,763$3,247$2,793$2,397$1,769
15 years$4,016$3,437$2,931$2,491$2,111$1,517
16 years$3,726$3,154$2,658$2,230$1,865$1,306
17 years$3,470$2,905$2,418$2,004$1,654$1,127
18 years$3,243$2,684$2,208$1,806$1,471$975
19 years$3,041$2,487$2,021$1,632$1,311$845
20 years$2,858$2,311$1,855$1,478$1,171$733
21 years$2,694$2,153$1,706$1,341$1,048$638
22 years$2,544$2,010$1,572$1,220$939$555
23 years$2,408$1,880$1,452$1,111$843$484
24 years$2,283$1,761$1,343$1,013$758$422
25 years$2,168$1,653$1,244$925$682$368
26 years$2,063$1,553$1,153$846$614$322
27 years$1,965$1,462$1,071$774$554$281
28 years$1,874$1,378$996$709$500$246
29 years$1,790$1,300$926$651$451$215
30 years$1,712$1,227$863$597$408$189
31 years$1,639$1,160$805$548$369$165
32 years$1,570$1,098$751$504$333$145
33 years$1,506$1,040$701$463$302$127
34 years$1,446$985$655$426$273$111
35 years$1,389$935$612$393$247$97
36 years$1,336$887$573$362$224$85
37 years$1,285$842$536$333$203$75
38 years$1,238$801$502$307$184$66
39 years$1,193$761$470$283$167$58
40 years$1,150$724$441$261$152$51
41 years$1,109$689$413$241$137$44
42 years$1,071$657$388$222$125$39
43 years$1,034$626$364$205$113$34
44 years$999$596$342$189$103$30
45 years$966$569$321$175$93$26
46 years$934$543$301$162$85$23
47 years$904$518$283$149$77$20
48 years$875$494$266$138$70$18
49 years$848$472$250$128$63$16
50 years$821$451$235$118$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $841,000, adding $5,414 every year, while hoping to spend $50,969 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: 55/28/17 Blend
56$841,000$841,000$841,000$841,000
57$932,367$887,794$874,758$979,139
58$973,237$877,065$849,832$1,000,897
59$1,016,569$864,102$822,362$1,018,655
60$1,062,558$848,742$792,210$1,036,853
61$1,111,420$830,812$759,231$1,055,545
62$1,163,391$810,128$723,272$1,074,794
63$1,218,730$786,497$684,174$1,094,670
64$1,277,719$759,714$641,772$1,115,257
65$1,340,666$729,560$595,892$1,136,647
66$1,407,912$695,806$546,352$1,158,947
67$1,479,827$658,209$492,963$1,182,278
68$1,556,820$616,512$435,528$1,206,775
69$1,639,336$570,442$373,839$1,232,594
70$1,727,867$519,711$307,680$1,259,909
71$1,822,949$464,017$236,827$1,288,918
72$1,925,172$403,036$161,044$1,319,843
73$2,035,186$336,431$80,084$1,352,934
74$2,153,701$263,842$0$1,388,472
75$2,281,498$184,890$0$1,427,917
76$2,419,436$99,175$0$1,486,056
77$2,568,459$6,275$0$1,548,793
78$2,729,603$0$0$1,616,625
79$2,904,007$0$0$1,719,147
80$3,092,923$0$0$1,832,358
81$3,297,730$0$0$1,955,160
82$3,519,940$0$0$2,088,469
83$3,761,220$0$0$2,233,292
84$4,023,401$0$0$2,390,739
85$4,308,499$0$0$2,562,030
86$4,618,730$0$0$2,748,506
87$4,956,534$0$0$2,951,646
88$5,324,594$0$0$3,173,073
89$5,725,865$0$0$3,414,577
90$6,163,598$0$0$3,678,127
91$6,641,372$0$0$3,965,890
92$7,163,124$0$0$4,280,252
93$7,733,191$0$0$4,623,838
94$8,356,348$0$0$4,999,541
95$9,037,848$0$0$5,410,544
96$9,783,481$0$0$5,860,351
97$10,599,616$0$0$6,352,825
98$11,493,272$0$0$6,892,214
99$12,472,174$0$0$7,483,200
100$13,544,831$0$0$8,130,937