Can I retire at age 57 with 847,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$69,944$69,321$68,714$68,120$67,541$65,855
2 years$34,626$33,981$33,356$32,750$32,162$30,474
3 years$22,855$22,207$21,584$20,983$20,405$18,768
4 years$16,970$16,325$15,707$15,117$14,553$12,979
5 years$13,440$12,799$12,190$11,612$11,063$9,557
6 years$11,088$10,451$9,851$9,286$8,754$7,317
7 years$9,408$8,777$8,186$7,634$7,119$5,752
8 years$8,149$7,523$6,943$6,404$5,906$4,608
9 years$7,170$6,550$5,980$5,455$4,974$3,743
10 years$6,388$5,774$5,213$4,702$4,238$3,074
11 years$5,748$5,140$4,590$4,092$3,645$2,545
12 years$5,215$4,613$4,073$3,590$3,158$2,121
13 years$4,765$4,169$3,639$3,169$2,754$1,778
14 years$4,379$3,790$3,270$2,813$2,414$1,497
15 years$4,045$3,462$2,952$2,509$2,126$1,264
16 years$3,753$3,176$2,677$2,246$1,879$1,071
17 years$3,495$2,925$2,436$2,018$1,666$910
18 years$3,267$2,703$2,223$1,819$1,481$775
19 years$3,062$2,505$2,035$1,644$1,320$660
20 years$2,879$2,328$1,868$1,489$1,179$564
21 years$2,713$2,168$1,718$1,351$1,055$482
22 years$2,562$2,024$1,584$1,228$946$413
23 years$2,425$1,893$1,462$1,119$849$354
24 years$2,299$1,774$1,352$1,020$763$303
25 years$2,184$1,665$1,252$932$687$260
26 years$2,077$1,564$1,162$852$619$223
27 years$1,979$1,472$1,079$780$558$192
28 years$1,888$1,387$1,003$715$503$165
29 years$1,803$1,309$933$655$454$142
30 years$1,724$1,236$869$601$411$122
31 years$1,650$1,168$810$552$371$105
32 years$1,581$1,106$756$508$336$90
33 years$1,517$1,047$706$467$304$77
34 years$1,456$992$660$429$275$67
35 years$1,399$941$617$395$249$57
36 years$1,345$893$577$364$226$49
37 years$1,294$848$540$335$205$42
38 years$1,246$806$506$309$186$37
39 years$1,201$767$474$285$168$31
40 years$1,158$730$444$263$153$27
41 years$1,117$694$416$243$138$23
42 years$1,078$661$391$224$126$20
43 years$1,041$630$366$207$114$17
44 years$1,006$601$344$191$103$15
45 years$973$573$323$176$94$13
46 years$941$546$303$163$85$11
47 years$911$521$285$150$77$10
48 years$881$498$268$139$70$8
49 years$854$475$252$128$64$7
50 years$827$454$237$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $847,000, adding $4,589 every year, while hoping to spend $43,594 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: 71/20/9 Blend
56$847,000$847,000$847,000$847,000
57$938,128$893,237$880,108$1,002,871
58$987,433$890,621$863,208$1,043,684
59$1,040,306$886,417$844,281$1,082,536
60$1,097,066$880,500$823,212$1,123,873
61$1,158,060$872,738$799,883$1,167,930
62$1,223,672$862,992$774,169$1,214,966
63$1,294,322$851,114$745,940$1,265,268
64$1,370,473$836,949$715,059$1,319,151
65$1,452,631$820,329$681,383$1,376,964
66$1,541,354$801,080$644,764$1,439,092
67$1,637,254$779,015$605,045$1,505,962
68$1,741,004$753,937$562,065$1,578,044
69$1,853,345$725,638$515,652$1,655,857
70$1,975,089$693,897$465,630$1,739,975
71$2,107,131$658,481$411,811$1,831,032
72$2,250,455$619,143$354,003$1,929,728
73$2,406,143$575,622$292,003$2,036,836
74$2,575,384$527,642$225,600$2,153,209
75$2,759,487$474,911$154,572$2,279,790
76$2,959,894$417,121$78,689$2,417,621
77$3,178,189$353,945$0$2,567,850
78$3,416,116$285,040$0$2,731,968
79$3,675,595$210,042$0$2,919,234
80$3,958,738$128,567$0$3,123,655
81$4,267,871$40,209$0$3,346,967
82$4,605,555$0$0$3,591,083
83$4,974,606$0$0$3,870,317
84$5,378,128$0$0$4,185,351
85$5,819,536$0$0$4,530,006
86$6,302,593$0$0$4,907,224
87$6,831,439$0$0$5,320,247
88$7,410,637$0$0$5,772,641
89$8,045,208$0$0$6,268,336
90$8,740,683$0$0$6,811,658
91$9,503,156$0$0$7,407,375
92$10,339,334$0$0$8,060,733
93$11,256,609$0$0$8,777,514
94$12,263,120$0$0$9,564,087
95$13,367,833$0$0$10,427,466
96$14,580,623$0$0$11,375,375
97$15,912,370$0$0$12,416,328
98$17,375,057$0$0$13,559,698
99$18,981,887$0$0$14,815,815
100$20,747,403$0$0$16,196,056