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%12.9%
1 years$69,779$69,158$68,551$67,959$67,381$66,567
2 years$34,544$33,901$33,277$32,673$32,086$31,267
3 years$22,801$22,155$21,533$20,934$20,357$19,558
4 years$16,930$16,286$15,670$15,082$14,519$13,746
5 years$13,409$12,768$12,161$11,584$11,037$10,293
6 years$11,062$10,426$9,828$9,264$8,733$8,018
7 years$9,386$8,756$8,167$7,616$7,102$6,418
8 years$8,130$7,506$6,926$6,389$5,892$5,237
9 years$7,153$6,535$5,965$5,442$4,962$4,337
10 years$6,373$5,760$5,201$4,691$4,228$3,631
11 years$5,734$5,128$4,579$4,083$3,636$3,068
12 years$5,203$4,603$4,064$3,581$3,151$2,611
13 years$4,753$4,159$3,630$3,162$2,748$2,235
14 years$4,368$3,781$3,262$2,807$2,409$1,923
15 years$4,035$3,454$2,945$2,503$2,121$1,660
16 years$3,744$3,169$2,670$2,241$1,874$1,439
17 years$3,487$2,918$2,430$2,014$1,662$1,251
18 years$3,259$2,697$2,218$1,815$1,478$1,090
19 years$3,055$2,499$2,031$1,640$1,317$951
20 years$2,872$2,322$1,864$1,485$1,176$832
21 years$2,706$2,163$1,714$1,348$1,053$729
22 years$2,556$2,019$1,580$1,225$944$639
23 years$2,419$1,889$1,459$1,116$847$562
24 years$2,294$1,770$1,349$1,018$761$494
25 years$2,179$1,661$1,249$930$685$434
26 years$2,072$1,561$1,159$850$617$383
27 years$1,974$1,469$1,076$778$556$337
28 years$1,883$1,384$1,000$713$502$297
29 years$1,799$1,306$931$654$453$262
30 years$1,720$1,233$867$600$410$232
31 years$1,647$1,166$808$551$370$204
32 years$1,578$1,103$754$506$335$181
33 years$1,513$1,045$704$466$303$160
34 years$1,453$990$658$428$274$141
35 years$1,396$939$615$394$249$125
36 years$1,342$891$575$363$225$110
37 years$1,291$846$539$335$204$98
38 years$1,244$804$504$308$185$86
39 years$1,198$765$473$284$168$76
40 years$1,155$728$443$262$152$68
41 years$1,115$693$415$242$138$60
42 years$1,076$660$390$223$125$53
43 years$1,039$629$366$206$114$47
44 years$1,004$599$343$190$103$41
45 years$971$571$322$176$94$37
46 years$939$545$303$162$85$32
47 years$908$520$284$150$77$29
48 years$879$497$267$139$70$25
49 years$852$474$251$128$64$23
50 years$825$453$236$118$58$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $845,000, adding $4,988 every year, while hoping to spend $33,818 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: 49/42/9 Blend
56$845,000$845,000$845,000$845,000
57$936,335$891,550$878,453$979,732
58$995,859$899,254$871,899$1,017,684
59$1,060,321$906,202$863,992$1,054,902
60$1,130,189$912,321$854,651$1,094,542
61$1,205,978$917,534$843,791$1,136,842
62$1,288,253$921,759$831,323$1,182,062
63$1,377,637$924,907$817,155$1,230,491
64$1,474,815$926,886$801,188$1,282,450
65$1,580,540$927,597$783,322$1,338,291
66$1,695,640$926,935$763,448$1,398,406
67$1,821,028$924,787$741,456$1,463,228
68$1,957,707$921,036$717,229$1,533,236
69$2,106,782$915,555$690,645$1,608,960
70$2,269,468$908,212$661,576$1,690,985
71$2,447,104$898,864$629,889$1,779,960
72$2,641,162$887,362$595,444$1,876,601
73$2,853,264$873,547$558,095$1,981,700
74$3,085,196$857,250$517,690$2,096,133
75$3,338,924$838,293$474,070$2,220,868
76$3,616,611$816,486$427,069$2,356,975
77$3,920,641$791,630$376,512$2,505,638
78$4,253,640$763,513$322,218$2,668,163
79$4,618,497$731,911$263,998$2,845,995
80$5,018,395$696,586$201,653$3,040,729
81$5,456,840$657,288$134,978$3,254,130
82$5,937,694$613,751$63,756$3,488,146
83$6,465,209$565,695$0$3,744,928
84$7,044,069$512,823$0$4,028,029
85$7,679,435$454,822$0$4,345,511
86$8,376,989$391,360$0$4,694,165
87$9,142,993$322,087$0$5,077,219
88$9,984,343$246,634$0$5,498,234
89$10,908,636$164,610$0$5,961,140
90$11,924,243$75,602$0$6,470,275
91$13,040,385$0$0$7,030,425
92$14,267,218$0$0$7,656,499
93$15,615,935$0$0$8,383,283
94$17,098,866$0$0$9,182,491
95$18,729,593$0$0$10,061,459
96$20,523,084$0$0$11,028,266
97$22,495,827$0$0$12,091,813
98$24,665,992$0$0$13,261,911
99$27,053,594$0$0$14,549,366
100$29,680,689$0$0$15,966,085