Can I retire at age 57 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,779$69,158$68,551$67,959$67,381$65,619
2 years$34,544$33,901$33,277$32,673$32,086$30,323
3 years$22,801$22,155$21,533$20,934$20,357$18,648
4 years$16,930$16,286$15,670$15,082$14,519$12,877
5 years$13,409$12,768$12,161$11,584$11,037$9,467
6 years$11,062$10,426$9,828$9,264$8,733$7,236
7 years$9,386$8,756$8,167$7,616$7,102$5,678
8 years$8,130$7,506$6,926$6,389$5,892$4,541
9 years$7,153$6,535$5,965$5,442$4,962$3,682
10 years$6,373$5,760$5,201$4,691$4,228$3,018
11 years$5,734$5,128$4,579$4,083$3,636$2,494
12 years$5,203$4,603$4,064$3,581$3,151$2,075
13 years$4,753$4,159$3,630$3,162$2,748$1,735
14 years$4,368$3,781$3,262$2,807$2,409$1,458
15 years$4,035$3,454$2,945$2,503$2,121$1,229
16 years$3,744$3,169$2,670$2,241$1,874$1,039
17 years$3,487$2,918$2,430$2,014$1,662$881
18 years$3,259$2,697$2,218$1,815$1,478$748
19 years$3,055$2,499$2,031$1,640$1,317$636
20 years$2,872$2,322$1,864$1,485$1,176$542
21 years$2,706$2,163$1,714$1,348$1,053$463
22 years$2,556$2,019$1,580$1,225$944$395
23 years$2,419$1,889$1,459$1,116$847$338
24 years$2,294$1,770$1,349$1,018$761$289
25 years$2,179$1,661$1,249$930$685$247
26 years$2,072$1,561$1,159$850$617$212
27 years$1,974$1,469$1,076$778$556$181
28 years$1,883$1,384$1,000$713$502$155
29 years$1,799$1,306$931$654$453$133
30 years$1,720$1,233$867$600$410$114
31 years$1,647$1,166$808$551$370$98
32 years$1,578$1,103$754$506$335$84
33 years$1,513$1,045$704$466$303$72
34 years$1,453$990$658$428$274$62
35 years$1,396$939$615$394$249$53
36 years$1,342$891$575$363$225$46
37 years$1,291$846$539$335$204$39
38 years$1,244$804$504$308$185$34
39 years$1,198$765$473$284$168$29
40 years$1,155$728$443$262$152$25
41 years$1,115$693$415$242$138$21
42 years$1,076$660$390$223$125$18
43 years$1,039$629$366$206$114$16
44 years$1,004$599$343$190$103$14
45 years$971$571$322$176$94$12
46 years$939$545$303$162$85$10
47 years$908$520$284$150$77$9
48 years$879$497$267$139$70$7
49 years$852$474$251$128$64$6
50 years$825$453$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $845,000, adding $2,607 every year, while hoping to spend $49,665 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: 80/11/9 Blend
56$845,000$845,000$845,000$845,000
57$933,879$889,094$875,997$1,007,139
58$976,292$879,817$852,499$1,046,272
59$1,021,366$868,420$826,550$1,082,430
60$1,069,320$854,748$798,015$1,120,630
61$1,120,395$838,635$766,753$1,161,050
62$1,174,853$819,905$732,616$1,203,888
63$1,232,981$798,373$695,452$1,249,361
64$1,295,094$773,843$655,099$1,297,711
65$1,361,537$746,105$611,389$1,349,202
66$1,432,690$714,940$564,146$1,404,126
67$1,508,967$680,115$513,188$1,462,806
68$1,590,824$641,383$458,322$1,525,596
69$1,678,760$598,483$399,348$1,592,889
70$1,773,325$551,139$336,057$1,665,118
71$1,875,120$499,061$268,231$1,742,760
72$1,984,807$441,940$195,641$1,826,341
73$2,103,113$379,450$118,050$1,916,443
74$2,230,835$311,248$35,210$2,013,706
75$2,368,851$236,970$0$2,118,838
76$2,518,124$156,232$0$2,237,727
77$2,679,714$68,628$0$2,370,068
78$2,854,785$0$0$2,513,452
79$3,044,619$0$0$2,672,136
80$3,250,623$0$0$2,853,371
81$3,474,346$0$0$3,050,215
82$3,717,492$0$0$3,264,170
83$3,981,935$0$0$3,496,888
84$4,269,737$0$0$3,750,187
85$4,583,166$0$0$4,026,064
86$4,924,719$0$0$4,326,723
87$5,297,145$0$0$4,654,583
88$5,703,465$0$0$5,012,311
89$6,147,010$0$0$5,402,840
90$6,631,443$0$0$5,829,401
91$7,160,797$0$0$6,295,548
92$7,739,513$0$0$6,805,196
93$8,372,481$0$0$7,362,654
94$9,065,082$0$0$7,972,668
95$9,823,245$0$0$8,640,462
96$10,653,496$0$0$9,371,791
97$11,563,024$0$0$10,172,990
98$12,559,744$0$0$11,051,038
99$13,652,375$0$0$12,013,619
100$14,850,517$0$0$13,069,199