Can I retire at age 57 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$69,944$69,321$68,714$68,120$67,541$66,395
2 years$34,626$33,981$33,356$32,750$32,162$31,011
3 years$22,855$22,207$21,584$20,983$20,405$19,285
4 years$16,970$16,325$15,707$15,117$14,553$13,472
5 years$13,440$12,799$12,190$11,612$11,063$10,025
6 years$11,088$10,451$9,851$9,286$8,754$7,759
7 years$9,408$8,777$8,186$7,634$7,119$6,168
8 years$8,149$7,523$6,943$6,404$5,906$4,999
9 years$7,170$6,550$5,980$5,455$4,974$4,110
10 years$6,388$5,774$5,213$4,702$4,238$3,417
11 years$5,748$5,140$4,590$4,092$3,645$2,865
12 years$5,215$4,613$4,073$3,590$3,158$2,420
13 years$4,765$4,169$3,639$3,169$2,754$2,055
14 years$4,379$3,790$3,270$2,813$2,414$1,754
15 years$4,045$3,462$2,952$2,509$2,126$1,502
16 years$3,753$3,176$2,677$2,246$1,879$1,291
17 years$3,495$2,925$2,436$2,018$1,666$1,112
18 years$3,267$2,703$2,223$1,819$1,481$961
19 years$3,062$2,505$2,035$1,644$1,320$832
20 years$2,879$2,328$1,868$1,489$1,179$721
21 years$2,713$2,168$1,718$1,351$1,055$626
22 years$2,562$2,024$1,584$1,228$946$544
23 years$2,425$1,893$1,462$1,119$849$473
24 years$2,299$1,774$1,352$1,020$763$412
25 years$2,184$1,665$1,252$932$687$359
26 years$2,077$1,564$1,162$852$619$313
27 years$1,979$1,472$1,079$780$558$274
28 years$1,888$1,387$1,003$715$503$239
29 years$1,803$1,309$933$655$454$209
30 years$1,724$1,236$869$601$411$182
31 years$1,650$1,168$810$552$371$160
32 years$1,581$1,106$756$508$336$140
33 years$1,517$1,047$706$467$304$122
34 years$1,456$992$660$429$275$107
35 years$1,399$941$617$395$249$93
36 years$1,345$893$577$364$226$82
37 years$1,294$848$540$335$205$72
38 years$1,246$806$506$309$186$63
39 years$1,201$767$474$285$168$55
40 years$1,158$730$444$263$153$48
41 years$1,117$694$416$243$138$42
42 years$1,078$661$391$224$126$37
43 years$1,041$630$366$207$114$32
44 years$1,006$601$344$191$103$28
45 years$973$573$323$176$94$25
46 years$941$546$303$163$85$22
47 years$911$521$285$150$77$19
48 years$881$498$268$139$70$17
49 years$854$475$252$128$64$15
50 years$827$454$237$119$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $847,000, adding $5,335 every year, while hoping to spend $44,025 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: 43/33/24 Blend
56$847,000$847,000$847,000$847,000
57$938,897$894,006$880,878$972,502
58$987,822$890,970$863,545$993,899
59$1,040,262$886,310$844,156$1,012,426
60$1,096,529$879,899$822,595$1,031,625
61$1,156,966$871,605$798,742$1,051,583
62$1,221,947$861,284$772,471$1,072,396
63$1,291,886$848,787$743,649$1,094,176
64$1,367,236$833,955$712,139$1,117,048
65$1,448,494$816,619$677,795$1,141,154
66$1,536,207$796,600$640,468$1,166,654
67$1,630,976$773,709$600,000$1,193,728
68$1,733,460$747,746$556,225$1,222,579
69$1,844,386$718,499$508,972$1,253,434
70$1,964,551$685,743$458,060$1,286,549
71$2,094,832$649,241$403,301$1,322,212
72$2,236,194$608,743$344,501$1,360,743
73$2,389,696$563,982$281,452$1,402,504
74$2,556,507$514,678$213,942$1,447,896
75$2,737,908$460,535$141,747$1,497,369
76$2,935,312$401,239$64,633$1,551,428
77$3,150,273$336,458$0$1,610,632
78$3,384,500$265,844$0$1,680,131
79$3,639,875$189,026$0$1,774,057
80$3,918,467$105,613$0$1,876,686
81$4,222,557$15,195$0$1,988,957
82$4,554,653$0$0$2,111,905
83$4,917,516$0$0$2,276,700
84$5,314,187$0$0$2,462,981
85$5,748,015$0$0$2,666,815
86$6,222,683$0$0$2,889,948
87$6,742,252$0$0$3,134,301
88$7,311,189$0$0$3,401,989
89$7,934,417$0$0$3,695,344
90$8,617,355$0$0$4,016,930
91$9,365,972$0$0$4,369,575
92$10,186,841$0$0$4,756,392
93$11,087,204$0$0$5,180,810
94$12,075,035$0$0$5,646,604
95$13,159,118$0$0$6,157,937
96$14,349,129$0$0$6,719,390
97$15,655,727$0$0$7,336,011
98$17,090,651$0$0$8,013,362
99$18,666,836$0$0$8,757,569
100$20,398,529$0$0$9,575,381