Can I retire at age 57 with 842,000?

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 $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%14.7%
1 years$69,532$68,912$68,308$67,718$67,142$65,840
2 years$34,422$33,781$33,159$32,557$31,973$30,666
3 years$22,720$22,076$21,456$20,859$20,285$19,015
4 years$16,870$16,228$15,615$15,028$14,467$13,243
5 years$13,361$12,723$12,118$11,543$10,998$9,823
6 years$11,023$10,389$9,793$9,231$8,702$7,579
7 years$9,353$8,725$8,138$7,589$7,077$6,005
8 years$8,101$7,479$6,902$6,367$5,871$4,850
9 years$7,128$6,512$5,944$5,423$4,944$3,973
10 years$6,350$5,740$5,182$4,675$4,213$3,291
11 years$5,714$5,110$4,562$4,068$3,623$2,749
12 years$5,184$4,586$4,049$3,568$3,140$2,313
13 years$4,736$4,145$3,618$3,150$2,738$1,956
14 years$4,353$3,767$3,250$2,797$2,400$1,663
15 years$4,021$3,442$2,935$2,494$2,113$1,418
16 years$3,730$3,158$2,661$2,233$1,868$1,214
17 years$3,474$2,908$2,421$2,006$1,656$1,041
18 years$3,247$2,687$2,210$1,808$1,472$896
19 years$3,044$2,490$2,023$1,634$1,312$772
20 years$2,862$2,314$1,857$1,480$1,172$666
21 years$2,697$2,156$1,708$1,343$1,049$576
22 years$2,547$2,012$1,574$1,221$940$498
23 years$2,411$1,882$1,453$1,112$844$431
24 years$2,286$1,763$1,344$1,014$759$374
25 years$2,171$1,655$1,245$926$683$324
26 years$2,065$1,555$1,155$847$615$282
27 years$1,967$1,464$1,072$775$554$245
28 years$1,877$1,379$997$710$500$213
29 years$1,792$1,301$928$651$452$185
30 years$1,714$1,229$864$598$408$161
31 years$1,641$1,162$806$549$369$140
32 years$1,572$1,099$752$505$334$122
33 years$1,508$1,041$702$464$302$106
34 years$1,448$986$656$427$274$92
35 years$1,391$936$613$393$248$80
36 years$1,337$888$573$362$224$70
37 years$1,287$843$537$333$203$61
38 years$1,239$802$503$307$184$53
39 years$1,194$762$471$283$167$46
40 years$1,151$725$441$261$152$40
41 years$1,111$690$414$241$138$35
42 years$1,072$657$388$223$125$31
43 years$1,035$626$364$205$113$27
44 years$1,000$597$342$190$103$23
45 years$967$569$321$175$93$20
46 years$935$543$302$162$85$18
47 years$905$518$283$150$77$15
48 years$876$495$266$138$70$13
49 years$849$473$250$128$64$12
50 years$822$451$235$118$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $842,000, adding $4,422 every year, while hoping to spend $40,855 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: 53/36/11 Blend
56$842,000$842,000$842,000$842,000
57$932,445$887,819$874,768$978,984
58$984,085$887,853$860,604$1,011,168
59$1,039,623$886,519$844,595$1,041,385
60$1,099,414$883,707$826,638$1,073,310
61$1,163,846$879,301$806,622$1,107,112
62$1,233,347$873,176$784,433$1,142,983
63$1,308,388$865,201$759,951$1,181,133
64$1,389,484$855,236$733,049$1,221,797
65$1,477,202$843,133$703,597$1,265,235
66$1,572,166$828,736$671,457$1,311,737
67$1,675,061$811,878$636,486$1,361,625
68$1,786,642$792,385$598,532$1,415,255
69$1,907,736$770,069$557,440$1,473,023
70$2,039,257$744,734$513,046$1,535,369
71$2,182,205$716,170$465,177$1,602,781
72$2,337,686$684,158$413,656$1,675,799
73$2,506,911$648,463$358,295$1,755,023
74$2,691,217$608,839$298,899$1,841,117
75$2,892,073$565,024$235,264$1,934,818
76$3,111,097$516,742$167,178$2,036,942
77$3,350,068$463,702$94,417$2,148,394
78$3,610,946$405,594$16,751$2,270,175
79$3,895,887$342,093$0$2,403,394
80$4,207,266$272,854$0$2,557,042
81$4,547,696$197,513$0$2,727,318
82$4,920,056$115,686$0$2,913,791
83$5,327,514$26,967$0$3,118,157
84$5,773,560$0$0$3,342,292
85$6,262,036$0$0$3,615,633
86$6,797,172$0$0$3,926,869
87$7,383,630$0$0$4,268,038
88$8,026,540$0$0$4,642,136
89$8,731,555$0$0$5,052,463
90$9,504,900$0$0$5,502,653
91$10,353,432$0$0$5,996,711
92$11,284,705$0$0$6,539,045
93$12,307,036$0$0$7,134,513
94$13,429,591$0$0$7,788,466
95$14,662,465$0$0$8,506,798
96$16,016,778$0$0$9,296,004
97$17,504,781$0$0$10,163,237
98$19,139,971$0$0$11,116,376
99$20,937,215$0$0$12,164,106
100$22,912,896$0$0$13,315,990