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%19.8%
1 years$69,862$69,240$68,632$68,040$67,461$64,810
2 years$34,585$33,941$33,317$32,711$32,124$29,486
3 years$22,828$22,181$21,558$20,959$20,381$17,838
4 years$16,950$16,305$15,689$15,099$14,536$12,108
5 years$13,425$12,784$12,175$11,598$11,050$8,743
6 years$11,075$10,439$9,839$9,275$8,743$6,560
7 years$9,397$8,766$8,177$7,625$7,111$5,049
8 years$8,140$7,514$6,934$6,397$5,899$3,957
9 years$7,162$6,543$5,973$5,449$4,968$3,143
10 years$6,380$5,767$5,207$4,697$4,233$2,521
11 years$5,741$5,134$4,584$4,088$3,640$2,039
12 years$5,209$4,608$4,068$3,585$3,155$1,658
13 years$4,759$4,164$3,635$3,165$2,751$1,355
14 years$4,373$3,785$3,266$2,810$2,411$1,112
15 years$4,040$3,458$2,949$2,506$2,123$915
16 years$3,748$3,173$2,673$2,244$1,877$755
17 years$3,491$2,922$2,433$2,016$1,664$624
18 years$3,263$2,700$2,221$1,817$1,479$517
19 years$3,059$2,502$2,033$1,642$1,319$428
20 years$2,875$2,325$1,866$1,487$1,178$356
21 years$2,710$2,166$1,716$1,349$1,054$296
22 years$2,559$2,022$1,582$1,227$945$246
23 years$2,422$1,891$1,460$1,117$848$204
24 years$2,296$1,772$1,351$1,019$762$170
25 years$2,181$1,663$1,251$931$686$142
26 years$2,075$1,563$1,160$851$618$118
27 years$1,977$1,471$1,077$779$557$98
28 years$1,886$1,386$1,002$714$503$82
29 years$1,801$1,307$932$654$454$68
30 years$1,722$1,235$868$601$410$57
31 years$1,648$1,167$809$552$371$48
32 years$1,580$1,104$755$507$335$40
33 years$1,515$1,046$705$466$304$33
34 years$1,454$991$659$429$275$28
35 years$1,397$940$616$395$249$23
36 years$1,344$892$576$364$226$19
37 years$1,293$847$539$335$204$16
38 years$1,245$805$505$309$185$13
39 years$1,200$766$473$285$168$11
40 years$1,157$729$443$263$152$9
41 years$1,116$694$416$242$138$8
42 years$1,077$661$390$224$125$7
43 years$1,040$629$366$206$114$5
44 years$1,005$600$344$191$103$5
45 years$972$572$323$176$94$4
46 years$940$546$303$163$85$3
47 years$909$521$285$150$77$3
48 years$880$497$268$139$70$2
49 years$853$475$251$128$64$2
50 years$826$454$236$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $846,000, adding $6,019 every year, while hoping to spend $35,729 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: 58/32/10 Blend
56$846,000$846,000$846,000$846,000
57$938,501$893,663$880,550$990,356
58$996,212$899,437$872,033$1,031,759
59$1,058,613$904,296$862,033$1,072,334
60$1,126,144$908,159$850,463$1,115,695
61$1,199,288$910,936$837,231$1,162,110
62$1,278,579$912,536$822,242$1,211,880
63$1,364,602$912,858$805,395$1,265,336
64$1,458,001$911,797$786,585$1,322,842
65$1,559,484$909,243$765,703$1,384,803
66$1,669,831$905,075$742,634$1,451,665
67$1,789,898$899,168$717,256$1,523,922
68$1,920,629$891,389$689,446$1,602,119
69$2,063,062$881,596$659,071$1,686,857
70$2,218,339$869,638$625,994$1,778,803
71$2,387,717$855,358$590,072$1,878,692
72$2,572,578$838,585$551,154$1,987,336
73$2,774,448$819,142$509,084$2,105,632
74$2,995,001$796,839$463,698$2,234,573
75$3,236,083$771,477$414,824$2,375,252
76$3,499,727$742,843$362,285$2,528,880
77$3,788,171$710,713$305,892$2,696,792
78$4,103,876$674,850$245,452$2,880,462
79$4,449,557$635,004$180,760$3,081,520
80$4,828,201$590,908$111,604$3,301,764
81$5,243,097$542,282$37,763$3,543,180
82$5,697,869$488,829$0$3,807,960
83$6,196,507$430,237$0$4,102,904
84$6,743,405$366,174$0$4,430,890
85$7,343,406$296,289$0$4,790,860
86$8,001,839$220,214$0$5,186,098
87$8,724,580$137,557$0$5,620,226
88$9,518,096$47,906$0$6,097,242
89$10,389,514$0$0$6,621,554
90$11,346,685$0$0$7,215,340
91$12,398,257$0$0$7,886,297
92$13,553,757$0$0$8,623,644
93$14,823,681$0$0$9,434,088
94$16,219,591$0$0$10,325,019
95$17,754,227$0$0$11,304,577
96$19,441,623$0$0$12,381,732
97$21,297,243$0$0$13,566,365
98$23,338,121$0$0$14,869,365
99$25,583,029$0$0$16,302,726
100$28,052,646$0$0$17,879,665