Can I retire at age 57 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$69,697$69,076$68,470$67,879$67,302$65,648
2 years$34,503$33,861$33,238$32,634$32,048$30,393
3 years$22,774$22,128$21,507$20,909$20,333$18,727
4 years$16,910$16,267$15,652$15,064$14,502$12,957
5 years$13,393$12,753$12,146$11,570$11,024$9,546
6 years$11,049$10,414$9,816$9,253$8,723$7,313
7 years$9,375$8,746$8,157$7,607$7,094$5,752
8 years$8,120$7,497$6,918$6,382$5,885$4,610
9 years$7,145$6,527$5,958$5,436$4,956$3,747
10 years$6,365$5,753$5,195$4,686$4,223$3,079
11 years$5,728$5,122$4,573$4,078$3,632$2,551
12 years$5,197$4,597$4,059$3,577$3,147$2,128
13 years$4,748$4,154$3,626$3,158$2,744$1,785
14 years$4,363$3,776$3,258$2,803$2,406$1,503
15 years$4,030$3,450$2,942$2,500$2,118$1,271
16 years$3,739$3,165$2,667$2,238$1,872$1,078
17 years$3,483$2,915$2,427$2,011$1,660$916
18 years$3,255$2,693$2,215$1,813$1,476$780
19 years$3,051$2,496$2,028$1,638$1,316$666
20 years$2,868$2,320$1,861$1,483$1,175$569
21 years$2,703$2,161$1,712$1,346$1,052$487
22 years$2,553$2,017$1,578$1,224$943$417
23 years$2,416$1,886$1,457$1,115$846$358
24 years$2,291$1,767$1,347$1,017$760$307
25 years$2,176$1,659$1,248$929$684$263
26 years$2,070$1,559$1,157$849$616$226
27 years$1,972$1,467$1,075$777$556$195
28 years$1,881$1,382$999$712$501$167
29 years$1,797$1,304$930$653$453$144
30 years$1,718$1,232$866$599$409$124
31 years$1,645$1,164$807$550$370$107
32 years$1,576$1,102$753$506$335$92
33 years$1,511$1,043$703$465$303$79
34 years$1,451$989$657$428$274$68
35 years$1,394$938$614$394$248$59
36 years$1,340$890$575$363$225$50
37 years$1,290$845$538$334$204$43
38 years$1,242$803$504$308$185$37
39 years$1,197$764$472$284$168$32
40 years$1,154$727$442$262$152$28
41 years$1,113$692$415$242$138$24
42 years$1,075$659$389$223$125$21
43 years$1,038$628$365$206$114$18
44 years$1,003$599$343$190$103$15
45 years$969$571$322$176$94$13
46 years$938$544$302$162$85$11
47 years$907$520$284$150$77$10
48 years$878$496$267$138$70$8
49 years$851$474$251$128$64$7
50 years$824$452$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $844,000, adding $4,933 every year, while hoping to spend $47,500 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: 32/46/22 Blend
56$844,000$844,000$844,000$844,000
57$935,176$890,444$877,362$958,623
58$980,025$883,537$856,214$969,776
59$1,027,856$874,698$832,766$977,147
60$1,078,923$863,785$806,890$984,108
61$1,133,506$850,642$778,453$990,655
62$1,191,908$835,109$747,316$996,784
63$1,254,466$817,012$713,334$1,002,498
64$1,321,545$796,170$676,355$1,007,804
65$1,393,549$772,388$636,219$1,012,714
66$1,470,919$745,463$592,760$1,017,248
67$1,554,141$715,179$545,806$1,021,434
68$1,643,747$681,306$495,174$1,025,307
69$1,740,321$643,602$440,674$1,028,913
70$1,844,507$601,812$382,110$1,032,312
71$1,957,010$555,664$319,274$1,035,575
72$2,078,606$504,873$251,951$1,038,787
73$2,210,147$449,135$179,914$1,042,053
74$2,352,570$388,131$102,930$1,045,494
75$2,506,906$321,522$20,751$1,049,257
76$2,674,286$248,953$0$1,053,509
77$2,855,957$170,046$0$1,074,162
78$3,053,289$84,402$0$1,101,950
79$3,267,788$0$0$1,132,323
80$3,501,113$0$0$1,169,903
81$3,755,087$0$0$1,257,426
82$4,031,718$0$0$1,352,873
83$4,333,214$0$0$1,457,023
84$4,662,005$0$0$1,570,731
85$5,020,768$0$0$1,694,936
86$5,412,446$0$0$1,830,677
87$5,840,282$0$0$1,979,093
88$6,307,843$0$0$2,141,440
89$6,819,059$0$0$2,319,103
90$7,378,256$0$0$2,513,602
91$7,990,195$0$0$2,726,616
92$8,660,123$0$0$2,959,991
93$9,393,813$0$0$3,215,761
94$10,197,625$0$0$3,496,166
95$11,078,564$0$0$3,803,673
96$12,044,344$0$0$4,140,999
97$13,103,460$0$0$4,511,137
98$14,265,269$0$0$4,917,382
99$15,540,078$0$0$5,363,368
100$16,939,240$0$0$5,853,093