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%14.5%
1 years$69,779$69,158$68,551$67,959$67,381$66,129
2 years$34,544$33,901$33,277$32,673$32,086$30,829
3 years$22,801$22,155$21,533$20,934$20,357$19,134
4 years$16,930$16,286$15,670$15,082$14,519$13,340
5 years$13,409$12,768$12,161$11,584$11,037$9,906
6 years$11,062$10,426$9,828$9,264$8,733$7,650
7 years$9,386$8,756$8,167$7,616$7,102$6,068
8 years$8,130$7,506$6,926$6,389$5,892$4,907
9 years$7,153$6,535$5,965$5,442$4,962$4,025
10 years$6,373$5,760$5,201$4,691$4,228$3,337
11 years$5,734$5,128$4,579$4,083$3,636$2,792
12 years$5,203$4,603$4,064$3,581$3,151$2,352
13 years$4,753$4,159$3,630$3,162$2,748$1,992
14 years$4,368$3,781$3,262$2,807$2,409$1,695
15 years$4,035$3,454$2,945$2,503$2,121$1,448
16 years$3,744$3,169$2,670$2,241$1,874$1,241
17 years$3,487$2,918$2,430$2,014$1,662$1,066
18 years$3,259$2,697$2,218$1,815$1,478$918
19 years$3,055$2,499$2,031$1,640$1,317$792
20 years$2,872$2,322$1,864$1,485$1,176$685
21 years$2,706$2,163$1,714$1,348$1,053$593
22 years$2,556$2,019$1,580$1,225$944$514
23 years$2,419$1,889$1,459$1,116$847$446
24 years$2,294$1,770$1,349$1,018$761$387
25 years$2,179$1,661$1,249$930$685$336
26 years$2,072$1,561$1,159$850$617$292
27 years$1,974$1,469$1,076$778$556$254
28 years$1,883$1,384$1,000$713$502$221
29 years$1,799$1,306$931$654$453$193
30 years$1,720$1,233$867$600$410$168
31 years$1,647$1,166$808$551$370$146
32 years$1,578$1,103$754$506$335$128
33 years$1,513$1,045$704$466$303$111
34 years$1,453$990$658$428$274$97
35 years$1,396$939$615$394$249$85
36 years$1,342$891$575$363$225$74
37 years$1,291$846$539$335$204$64
38 years$1,244$804$504$308$185$56
39 years$1,198$765$473$284$168$49
40 years$1,155$728$443$262$152$43
41 years$1,115$693$415$242$138$37
42 years$1,076$660$390$223$125$33
43 years$1,039$629$366$206$114$28
44 years$1,004$599$343$190$103$25
45 years$971$571$322$176$94$22
46 years$939$545$303$162$85$19
47 years$908$520$284$150$77$17
48 years$879$497$267$139$70$14
49 years$852$474$251$128$64$13
50 years$825$453$236$118$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $845,000, adding $6,721 every year, while hoping to spend $43,986 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: 46/24/30 Blend
56$845,000$845,000$845,000$845,000
57$938,123$893,338$880,240$972,902
58$987,010$890,310$862,927$995,247
59$1,039,411$885,661$843,561$1,014,736
60$1,095,635$879,262$822,024$1,035,053
61$1,156,025$870,982$798,198$1,056,302
62$1,220,958$860,678$771,955$1,078,598
63$1,290,844$848,200$743,165$1,102,072
64$1,366,138$833,389$711,688$1,126,870
65$1,447,335$816,077$677,381$1,153,157
66$1,534,984$796,085$640,093$1,181,120
67$1,629,682$773,223$599,667$1,210,964
68$1,732,092$747,293$555,938$1,242,925
69$1,842,937$718,082$508,733$1,277,263
70$1,963,014$685,366$457,873$1,314,269
71$2,093,200$648,908$403,171$1,354,271
72$2,234,459$608,457$344,430$1,397,633
73$2,387,851$563,748$281,445$1,444,763
74$2,554,541$514,501$214,003$1,496,114
75$2,735,812$460,419$141,880$1,552,193
76$2,933,075$401,190$64,843$1,613,564
77$3,147,883$336,482$0$1,680,856
78$3,381,943$265,946$0$1,760,329
79$3,637,136$189,212$0$1,869,711
80$3,915,532$105,891$0$1,989,176
81$4,219,407$15,571$0$2,119,773
82$4,551,268$0$0$2,262,664
83$4,913,877$0$0$2,440,835
84$5,310,270$0$0$2,640,196
85$5,743,794$0$0$2,858,330
86$6,218,131$0$0$3,097,102
87$6,737,337$0$0$3,358,565
88$7,305,878$0$0$3,644,983
89$7,928,673$0$0$3,958,847
90$8,611,137$0$0$4,302,901
91$9,359,235$0$0$4,680,165
92$10,179,536$0$0$5,093,970
93$11,079,276$0$0$5,547,980
94$12,066,425$0$0$6,046,233
95$13,149,761$0$0$6,593,177
96$14,338,953$0$0$7,193,712
97$15,644,651$0$0$7,853,235
98$17,078,589$0$0$8,577,690
99$18,653,692$0$0$9,373,628
100$20,384,197$0$0$10,248,263