Can I retire at age 57 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$69,614$68,994$68,389$67,799$67,222$65,227
2 years$34,462$33,821$33,199$32,595$32,010$30,017
3 years$22,747$22,102$21,482$20,884$20,309$18,379
4 years$16,890$16,247$15,633$15,046$14,484$12,634
5 years$13,377$12,738$12,132$11,557$11,011$9,244
6 years$11,036$10,402$9,804$9,242$8,712$7,031
7 years$9,364$8,735$8,148$7,598$7,086$5,490
8 years$8,111$7,488$6,910$6,374$5,878$4,367
9 years$7,137$6,519$5,951$5,429$4,950$3,522
10 years$6,358$5,747$5,189$4,680$4,218$2,870
11 years$5,721$5,116$4,568$4,073$3,628$2,358
12 years$5,190$4,592$4,054$3,573$3,144$1,950
13 years$4,742$4,150$3,622$3,154$2,741$1,621
14 years$4,358$3,772$3,254$2,800$2,403$1,354
15 years$4,025$3,446$2,938$2,497$2,116$1,134
16 years$3,735$3,161$2,664$2,236$1,870$953
17 years$3,479$2,911$2,424$2,009$1,658$802
18 years$3,251$2,690$2,213$1,810$1,474$677
19 years$3,048$2,493$2,026$1,636$1,314$572
20 years$2,865$2,317$1,859$1,482$1,174$484
21 years$2,700$2,158$1,710$1,345$1,050$410
22 years$2,550$2,015$1,576$1,223$941$348
23 years$2,413$1,884$1,455$1,113$845$295
24 years$2,288$1,765$1,346$1,015$760$251
25 years$2,173$1,657$1,247$927$684$213
26 years$2,067$1,557$1,156$848$616$181
27 years$1,970$1,465$1,074$776$555$154
28 years$1,879$1,381$998$711$501$131
29 years$1,795$1,303$929$652$452$111
30 years$1,716$1,230$865$598$409$95
31 years$1,643$1,163$806$550$369$81
32 years$1,574$1,100$752$505$334$69
33 years$1,510$1,042$703$465$302$59
34 years$1,449$988$656$427$274$50
35 years$1,392$937$614$393$248$43
36 years$1,339$889$574$362$225$36
37 years$1,288$844$537$334$204$31
38 years$1,241$803$503$308$185$26
39 years$1,195$763$471$284$167$22
40 years$1,153$726$442$262$152$19
41 years$1,112$691$414$241$138$16
42 years$1,073$658$389$223$125$14
43 years$1,037$627$365$206$113$12
44 years$1,002$598$342$190$103$10
45 years$968$570$321$175$94$9
46 years$937$544$302$162$85$7
47 years$906$519$284$150$77$6
48 years$877$495$267$138$70$5
49 years$850$473$251$128$64$5
50 years$823$452$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $843,000, adding $4,296 every year, while hoping to spend $59,482 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: 49/38/13 Blend
56$843,000$843,000$843,000$843,000
57$933,417$888,738$875,672$975,623
58$965,338$868,998$841,718$985,369
59$998,520$846,297$804,634$989,401
60$1,033,031$820,427$764,251$992,448
61$1,068,940$791,169$720,394$994,438
62$1,106,325$758,288$672,880$995,294
63$1,145,265$721,540$621,517$994,936
64$1,185,850$680,663$566,105$993,282
65$1,228,173$635,382$506,436$990,244
66$1,272,336$585,405$442,291$985,732
67$1,318,449$530,424$373,442$979,651
68$1,366,629$470,114$299,651$971,905
69$1,417,006$404,130$220,670$962,392
70$1,469,717$332,109$136,239$951,006
71$1,524,912$253,666$46,086$937,640
72$1,582,753$168,396$0$922,182
73$1,643,417$75,870$0$911,468
74$1,707,094$0$0$905,702
75$1,773,991$0$0$908,593
76$1,844,334$0$0$945,024
77$1,918,368$0$0$983,398
78$1,996,360$0$0$1,023,859
79$2,078,601$0$0$1,066,562
80$2,165,406$0$0$1,111,675
81$2,257,120$0$0$1,159,385
82$2,354,122$0$0$1,209,892
83$2,456,821$0$0$1,263,417
84$2,565,666$0$0$1,320,200
85$2,681,148$0$0$1,380,504
86$2,803,804$0$0$1,444,617
87$2,934,220$0$0$1,512,854
88$3,073,038$0$0$1,585,558
89$3,220,960$0$0$1,663,108
90$3,378,757$0$0$1,745,916
91$3,547,270$0$0$1,834,436
92$3,727,423$0$0$1,929,163
93$3,920,230$0$0$2,030,643
94$4,126,801$0$0$2,139,471
95$4,348,353$0$0$2,256,304
96$4,586,222$0$0$2,381,859
97$4,841,876$0$0$2,516,927
98$5,116,924$0$0$2,662,374
99$5,413,134$0$0$2,819,150
100$5,732,448$0$0$2,988,303