Can I retire at age 57 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$69,532$68,912$68,308$67,718$67,142$64,529
2 years$34,422$33,781$33,159$32,557$31,973$29,372
3 years$22,720$22,076$21,456$20,859$20,285$17,778
4 years$16,870$16,228$15,615$15,028$14,467$12,073
5 years$13,361$12,723$12,118$11,543$10,998$8,723
6 years$11,023$10,389$9,793$9,231$8,702$6,548
7 years$9,353$8,725$8,138$7,589$7,077$5,043
8 years$8,101$7,479$6,902$6,367$5,871$3,955
9 years$7,128$6,512$5,944$5,423$4,944$3,143
10 years$6,350$5,740$5,182$4,675$4,213$2,523
11 years$5,714$5,110$4,562$4,068$3,623$2,041
12 years$5,184$4,586$4,049$3,568$3,140$1,661
13 years$4,736$4,145$3,618$3,150$2,738$1,359
14 years$4,353$3,767$3,250$2,797$2,400$1,115
15 years$4,021$3,442$2,935$2,494$2,113$919
16 years$3,730$3,158$2,661$2,233$1,868$758
17 years$3,474$2,908$2,421$2,006$1,656$627
18 years$3,247$2,687$2,210$1,808$1,472$520
19 years$3,044$2,490$2,023$1,634$1,312$431
20 years$2,862$2,314$1,857$1,480$1,172$358
21 years$2,697$2,156$1,708$1,343$1,049$298
22 years$2,547$2,012$1,574$1,221$940$248
23 years$2,411$1,882$1,453$1,112$844$207
24 years$2,286$1,763$1,344$1,014$759$172
25 years$2,171$1,655$1,245$926$683$143
26 years$2,065$1,555$1,155$847$615$120
27 years$1,967$1,464$1,072$775$554$100
28 years$1,877$1,379$997$710$500$83
29 years$1,792$1,301$928$651$452$69
30 years$1,714$1,229$864$598$408$58
31 years$1,641$1,162$806$549$369$48
32 years$1,572$1,099$752$505$334$40
33 years$1,508$1,041$702$464$302$34
34 years$1,448$986$656$427$274$28
35 years$1,391$936$613$393$248$24
36 years$1,337$888$573$362$224$20
37 years$1,287$843$537$333$203$16
38 years$1,239$802$503$307$184$14
39 years$1,194$762$471$283$167$11
40 years$1,151$725$441$261$152$10
41 years$1,111$690$414$241$138$8
42 years$1,072$657$388$223$125$7
43 years$1,035$626$364$205$113$6
44 years$1,000$597$342$190$103$5
45 years$967$569$321$175$93$4
46 years$935$543$302$162$85$3
47 years$905$518$283$150$77$3
48 years$876$495$266$138$70$2
49 years$849$473$250$128$64$2
50 years$822$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $842,000, adding $2,846 every year, while hoping to spend $52,430 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: 48/42/10 Blend
56$842,000$842,000$842,000$842,000
57$930,820$886,194$873,143$972,831
58$969,978$873,832$846,608$989,636
59$1,011,374$859,107$817,427$1,002,157
60$1,055,179$841,849$785,456$1,014,552
61$1,101,582$821,875$750,544$1,026,826
62$1,150,791$798,993$712,534$1,038,986
63$1,203,029$773,002$671,261$1,051,046
64$1,258,543$743,684$626,554$1,063,024
65$1,317,603$710,814$578,232$1,074,942
66$1,380,505$674,149$526,109$1,086,833
67$1,447,570$633,436$469,987$1,098,734
68$1,519,152$588,405$409,662$1,110,693
69$1,595,640$538,771$344,920$1,122,768
70$1,677,458$484,233$275,537$1,135,028
71$1,765,072$424,474$201,281$1,147,555
72$1,858,992$359,156$121,907$1,160,446
73$1,959,780$287,925$37,162$1,173,815
74$2,068,050$210,406$0$1,187,795
75$2,184,477$126,202$0$1,208,224
76$2,309,803$34,895$0$1,234,198
77$2,444,841$0$0$1,261,982
78$2,590,485$0$0$1,321,402
79$2,747,717$0$0$1,403,033
80$2,917,617$0$0$1,491,315
81$3,101,370$0$0$1,586,875
82$3,300,279$0$0$1,690,401
83$3,515,778$0$0$1,802,649
84$3,749,443$0$0$1,924,451
85$4,003,005$0$0$2,056,722
86$4,278,372$0$0$2,200,467
87$4,577,637$0$0$2,356,794
88$4,903,109$0$0$2,526,921
89$5,257,323$0$0$2,712,187
90$5,643,071$0$0$2,914,068
91$6,063,424$0$0$3,134,185
92$6,521,764$0$0$3,374,325
93$7,021,810$0$0$3,636,453
94$7,567,658$0$0$3,922,734
95$8,163,815$0$0$4,235,549
96$8,815,244$0$0$4,577,522
97$9,527,409$0$0$4,951,539
98$10,306,325$0$0$5,360,779
99$11,158,614$0$0$5,808,744
100$12,091,570$0$0$6,299,288