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%13.9%
1 years$69,862$69,240$68,632$68,040$67,461$66,371
2 years$34,585$33,941$33,317$32,711$32,124$31,029
3 years$22,828$22,181$21,558$20,959$20,381$19,315
4 years$16,950$16,305$15,689$15,099$14,536$13,507
5 years$13,425$12,784$12,175$11,598$11,050$10,061
6 years$11,075$10,439$9,839$9,275$8,743$7,796
7 years$9,397$8,766$8,177$7,625$7,111$6,204
8 years$8,140$7,514$6,934$6,397$5,899$5,034
9 years$7,162$6,543$5,973$5,449$4,968$4,144
10 years$6,380$5,767$5,207$4,697$4,233$3,449
11 years$5,741$5,134$4,584$4,088$3,640$2,896
12 years$5,209$4,608$4,068$3,585$3,155$2,449
13 years$4,759$4,164$3,635$3,165$2,751$2,082
14 years$4,373$3,785$3,266$2,810$2,411$1,779
15 years$4,040$3,458$2,949$2,506$2,123$1,526
16 years$3,748$3,173$2,673$2,244$1,877$1,313
17 years$3,491$2,922$2,433$2,016$1,664$1,133
18 years$3,263$2,700$2,221$1,817$1,479$980
19 years$3,059$2,502$2,033$1,642$1,319$850
20 years$2,875$2,325$1,866$1,487$1,178$738
21 years$2,710$2,166$1,716$1,349$1,054$641
22 years$2,559$2,022$1,582$1,227$945$558
23 years$2,422$1,891$1,460$1,117$848$487
24 years$2,296$1,772$1,351$1,019$762$425
25 years$2,181$1,663$1,251$931$686$371
26 years$2,075$1,563$1,160$851$618$324
27 years$1,977$1,471$1,077$779$557$283
28 years$1,886$1,386$1,002$714$503$248
29 years$1,801$1,307$932$654$454$217
30 years$1,722$1,235$868$601$410$190
31 years$1,648$1,167$809$552$371$166
32 years$1,580$1,104$755$507$335$146
33 years$1,515$1,046$705$466$304$128
34 years$1,454$991$659$429$275$112
35 years$1,397$940$616$395$249$98
36 years$1,344$892$576$364$226$86
37 years$1,293$847$539$335$204$75
38 years$1,245$805$505$309$185$66
39 years$1,200$766$473$285$168$58
40 years$1,157$729$443$263$152$51
41 years$1,116$694$416$242$138$45
42 years$1,077$661$390$224$125$39
43 years$1,040$629$366$206$114$34
44 years$1,005$600$344$191$103$30
45 years$972$572$323$176$94$26
46 years$940$546$303$163$85$23
47 years$909$521$285$150$77$20
48 years$880$497$268$139$70$18
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 $2,496 every year, while hoping to spend $41,245 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: 82/11/7 Blend
56$846,000$846,000$846,000$846,000
57$934,867$890,029$876,916$1,010,688
58$986,339$889,756$862,408$1,060,365
59$1,041,678$888,087$846,032$1,109,121
60$1,101,237$884,911$827,681$1,161,377
61$1,165,400$880,108$807,245$1,217,459
62$1,234,590$873,552$784,607$1,277,726
63$1,309,273$865,111$759,646$1,342,575
64$1,389,959$854,642$732,235$1,412,443
65$1,477,210$841,994$702,240$1,487,809
66$1,571,643$827,010$669,522$1,569,204
67$1,673,936$809,519$633,937$1,657,209
68$1,784,836$789,344$595,333$1,752,469
69$1,905,163$766,296$553,550$1,855,691
70$2,035,819$740,173$508,423$1,967,656
71$2,177,796$710,765$459,779$2,089,223
72$2,332,186$677,847$407,436$2,221,339
73$2,500,190$641,183$351,206$2,365,051
74$2,683,129$600,520$290,891$2,521,507
75$2,882,457$555,595$226,285$2,691,978
76$3,099,774$506,126$157,172$2,877,860
77$3,336,842$451,817$83,328$3,080,696
78$3,595,599$392,355$4,519$3,302,185
79$3,878,179$327,410$0$3,544,197
80$4,186,931$256,630$0$3,814,743
81$4,524,440$179,647$0$4,110,899
82$4,893,555$96,071$0$4,434,855
83$5,297,409$5,490$0$4,789,397
84$5,739,454$0$0$5,177,594
85$6,223,492$0$0$5,614,027
86$6,753,709$0$0$6,092,844
87$7,334,713$0$0$6,617,545
88$7,971,581$0$0$7,192,718
89$8,669,905$0$0$7,823,413
90$9,435,843$0$0$8,515,197
91$10,276,177$0$0$9,274,197
92$11,198,378$0$0$10,107,164
93$12,210,675$0$0$11,021,534
94$13,322,134$0$0$12,025,498
95$14,542,740$0$0$13,128,080
96$15,883,492$0$0$14,339,217
97$17,356,510$0$0$15,669,862
98$18,975,141$0$0$17,132,075
99$20,754,093$0$0$18,739,147
100$22,709,568$0$0$20,505,718