Can I retire at age 57 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$69,862$69,240$68,632$68,040$67,461$66,398
2 years$34,585$33,941$33,317$32,711$32,124$31,056
3 years$22,828$22,181$21,558$20,959$20,381$19,341
4 years$16,950$16,305$15,689$15,099$14,536$13,532
5 years$13,425$12,784$12,175$11,598$11,050$10,085
6 years$11,075$10,439$9,839$9,275$8,743$7,818
7 years$9,397$8,766$8,177$7,625$7,111$6,226
8 years$8,140$7,514$6,934$6,397$5,899$5,055
9 years$7,162$6,543$5,973$5,449$4,968$4,163
10 years$6,380$5,767$5,207$4,697$4,233$3,467
11 years$5,741$5,134$4,584$4,088$3,640$2,913
12 years$5,209$4,608$4,068$3,585$3,155$2,465
13 years$4,759$4,164$3,635$3,165$2,751$2,098
14 years$4,373$3,785$3,266$2,810$2,411$1,793
15 years$4,040$3,458$2,949$2,506$2,123$1,539
16 years$3,748$3,173$2,673$2,244$1,877$1,326
17 years$3,491$2,922$2,433$2,016$1,664$1,145
18 years$3,263$2,700$2,221$1,817$1,479$991
19 years$3,059$2,502$2,033$1,642$1,319$860
20 years$2,875$2,325$1,866$1,487$1,178$747
21 years$2,710$2,166$1,716$1,349$1,054$650
22 years$2,559$2,022$1,582$1,227$945$566
23 years$2,422$1,891$1,460$1,117$848$494
24 years$2,296$1,772$1,351$1,019$762$431
25 years$2,181$1,663$1,251$931$686$377
26 years$2,075$1,563$1,160$851$618$329
27 years$1,977$1,471$1,077$779$557$288
28 years$1,886$1,386$1,002$714$503$252
29 years$1,801$1,307$932$654$454$221
30 years$1,722$1,235$868$601$410$194
31 years$1,648$1,167$809$552$371$170
32 years$1,580$1,104$755$507$335$149
33 years$1,515$1,046$705$466$304$130
34 years$1,454$991$659$429$275$114
35 years$1,397$940$616$395$249$100
36 years$1,344$892$576$364$226$88
37 years$1,293$847$539$335$204$77
38 years$1,245$805$505$309$185$68
39 years$1,200$766$473$285$168$60
40 years$1,157$729$443$263$152$52
41 years$1,116$694$416$242$138$46
42 years$1,077$661$390$224$125$40
43 years$1,040$629$366$206$114$35
44 years$1,005$600$344$191$103$31
45 years$972$572$323$176$94$27
46 years$940$546$303$163$85$24
47 years$909$521$285$150$77$21
48 years$880$497$268$139$70$19
49 years$853$475$251$128$64$16
50 years$826$454$236$119$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $846,000, adding $6,905 every year, while hoping to spend $36,273 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: 67/15/18 Blend
56$846,000$846,000$846,000$846,000
57$939,415$894,577$881,464$997,766
58$996,641$899,817$872,398$1,042,892
59$1,058,488$904,098$861,814$1,087,360
60$1,125,390$907,335$849,621$1,135,100
61$1,197,822$909,436$835,725$1,186,431
62$1,276,308$910,307$820,031$1,241,707
63$1,361,424$909,844$802,434$1,301,317
64$1,453,801$907,939$782,828$1,365,692
65$1,554,137$904,476$761,100$1,435,307
66$1,663,197$899,333$737,135$1,510,686
67$1,781,822$892,380$710,808$1,592,408
68$1,910,941$883,479$681,993$1,681,111
69$2,051,571$872,484$650,554$1,777,501
70$2,204,836$859,240$616,352$1,882,356
71$2,371,970$843,583$579,240$1,996,534
72$2,554,332$825,340$539,066$2,120,984
73$2,753,418$804,326$495,670$2,256,751
74$2,970,876$780,347$448,883$2,404,990
75$3,208,517$753,196$398,533$2,566,974
76$3,468,338$722,655$344,436$2,744,109
77$3,752,536$688,492$286,402$2,937,946
78$4,063,530$650,464$224,232$3,150,196
79$4,403,986$608,313$157,719$3,382,747
80$4,776,836$561,764$86,647$3,637,681
81$5,185,312$510,528$10,788$3,917,298
82$5,632,971$454,302$0$4,224,132
83$6,123,733$392,761$0$4,574,456
84$6,661,912$325,565$0$4,960,967
85$7,252,262$252,353$0$5,385,043
86$7,900,020$172,745$0$5,850,489
87$8,610,952$86,340$0$6,361,500
88$9,391,411$0$0$6,922,700
89$10,248,393$0$0$7,540,387
90$11,189,609$0$0$8,234,492
91$12,223,548$0$0$8,997,032
92$13,359,567$0$0$9,834,915
93$14,607,969$0$0$10,755,747
94$15,980,109$0$0$11,767,911
95$17,488,494$0$0$12,880,640
96$19,146,904$0$0$14,104,109
97$20,970,522$0$0$15,449,525
98$22,976,074$0$0$16,929,238
99$25,181,988$0$0$18,556,853
100$27,608,570$0$0$20,347,361