Can I retire at age 57 with 845,000?

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 $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%18.2%
1 years$69,779$69,158$68,551$67,959$67,381$65,146
2 years$34,544$33,901$33,277$32,673$32,086$29,856
3 years$22,801$22,155$21,533$20,934$20,357$18,202
4 years$16,930$16,286$15,670$15,082$14,519$12,455
5 years$13,409$12,768$12,161$11,584$11,037$9,070
6 years$11,062$10,426$9,828$9,264$8,733$6,865
7 years$9,386$8,756$8,167$7,616$7,102$5,333
8 years$8,130$7,506$6,926$6,389$5,892$4,219
9 years$7,153$6,535$5,965$5,442$4,962$3,384
10 years$6,373$5,760$5,201$4,691$4,228$2,743
11 years$5,734$5,128$4,579$4,083$3,636$2,240
12 years$5,203$4,603$4,064$3,581$3,151$1,842
13 years$4,753$4,159$3,630$3,162$2,748$1,522
14 years$4,368$3,781$3,262$2,807$2,409$1,263
15 years$4,035$3,454$2,945$2,503$2,121$1,051
16 years$3,744$3,169$2,670$2,241$1,874$877
17 years$3,487$2,918$2,430$2,014$1,662$734
18 years$3,259$2,697$2,218$1,815$1,478$615
19 years$3,055$2,499$2,031$1,640$1,317$516
20 years$2,872$2,322$1,864$1,485$1,176$434
21 years$2,706$2,163$1,714$1,348$1,053$365
22 years$2,556$2,019$1,580$1,225$944$307
23 years$2,419$1,889$1,459$1,116$847$259
24 years$2,294$1,770$1,349$1,018$761$218
25 years$2,179$1,661$1,249$930$685$184
26 years$2,072$1,561$1,159$850$617$155
27 years$1,974$1,469$1,076$778$556$131
28 years$1,883$1,384$1,000$713$502$111
29 years$1,799$1,306$931$654$453$94
30 years$1,720$1,233$867$600$410$79
31 years$1,647$1,166$808$551$370$67
32 years$1,578$1,103$754$506$335$57
33 years$1,513$1,045$704$466$303$48
34 years$1,453$990$658$428$274$40
35 years$1,396$939$615$394$249$34
36 years$1,342$891$575$363$225$29
37 years$1,291$846$539$335$204$24
38 years$1,244$804$504$308$185$21
39 years$1,198$765$473$284$168$17
40 years$1,155$728$443$262$152$15
41 years$1,115$693$415$242$138$13
42 years$1,076$660$390$223$125$11
43 years$1,039$629$366$206$114$9
44 years$1,004$599$343$190$103$8
45 years$971$571$322$176$94$6
46 years$939$545$303$162$85$5
47 years$908$520$284$150$77$5
48 years$879$497$267$139$70$4
49 years$852$474$251$128$64$3
50 years$825$453$236$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $845,000, adding $3,431 every year, while hoping to spend $52,355 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: 61/32/7 Blend
56$845,000$845,000$845,000$845,000
57$934,729$889,944$876,847$990,231
58$974,366$877,846$850,516$1,015,664
59$1,016,291$863,400$821,548$1,037,043
60$1,060,683$846,437$789,800$1,059,039
61$1,107,736$826,775$755,121$1,081,709
62$1,157,662$804,225$717,355$1,105,123
63$1,210,694$778,582$676,337$1,129,357
64$1,267,087$749,634$631,896$1,154,497
65$1,327,117$717,155$583,852$1,180,642
66$1,391,091$680,903$532,019$1,207,903
67$1,459,342$640,626$476,201$1,236,404
68$1,532,234$596,056$416,193$1,266,287
69$1,610,168$546,909$351,782$1,297,711
70$1,693,584$492,886$282,745$1,330,854
71$1,782,962$433,670$208,849$1,365,916
72$1,878,830$368,927$129,852$1,403,123
73$1,981,769$298,302$45,500$1,442,728
74$2,092,413$221,422$0$1,485,013
75$2,211,460$137,893$0$1,533,621
76$2,339,677$47,298$0$1,589,424
77$2,477,906$0$0$1,649,438
78$2,627,072$0$0$1,732,018
79$2,788,189$0$0$1,839,255
80$2,962,374$0$0$1,955,243
81$3,150,855$0$0$2,080,806
82$3,354,980$0$0$2,216,849
83$3,576,232$0$0$2,364,368
84$3,816,242$0$0$2,524,458
85$4,076,802$0$0$2,698,324
86$4,359,886$0$0$2,887,290
87$4,667,663$0$0$3,092,813
88$5,002,519$0$0$3,316,496
89$5,367,082$0$0$3,560,104
90$5,764,240$0$0$3,825,578
91$6,197,175$0$0$4,115,053
92$6,669,386$0$0$4,430,882
93$7,184,726$0$0$4,775,653
94$7,747,435$0$0$5,152,214
95$8,362,181$0$0$5,563,702
96$9,034,103$0$0$6,013,570
97$9,768,859$0$0$6,505,618
98$10,572,678$0$0$7,044,034
99$11,452,420$0$0$7,633,425
100$12,415,637$0$0$8,278,868