Can I retire at age 57 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$70,027$69,403$68,795$68,201$67,621$65,906
2 years$34,667$34,021$33,395$32,789$32,200$30,484
3 years$22,882$22,233$21,609$21,008$20,429$18,765
4 years$16,990$16,344$15,726$15,135$14,570$12,970
5 years$13,456$12,814$12,204$11,625$11,076$9,545
6 years$11,101$10,463$9,863$9,297$8,764$7,304
7 years$9,419$8,787$8,196$7,643$7,128$5,739
8 years$8,159$7,532$6,951$6,412$5,913$4,594
9 years$7,179$6,558$5,987$5,461$4,980$3,730
10 years$6,395$5,781$5,219$4,708$4,243$3,061
11 years$5,755$5,146$4,595$4,097$3,649$2,533
12 years$5,221$4,619$4,078$3,594$3,162$2,110
13 years$4,770$4,174$3,643$3,173$2,757$1,767
14 years$4,384$3,794$3,274$2,816$2,417$1,486
15 years$4,049$3,466$2,956$2,512$2,128$1,255
16 years$3,757$3,180$2,680$2,249$1,881$1,063
17 years$3,499$2,929$2,438$2,021$1,668$902
18 years$3,270$2,706$2,226$1,821$1,483$767
19 years$3,066$2,508$2,038$1,646$1,322$654
20 years$2,882$2,331$1,870$1,490$1,181$558
21 years$2,716$2,171$1,720$1,353$1,057$477
22 years$2,565$2,026$1,585$1,230$947$408
23 years$2,428$1,895$1,464$1,120$850$349
24 years$2,302$1,776$1,354$1,022$764$299
25 years$2,186$1,667$1,254$933$688$256
26 years$2,080$1,566$1,163$853$619$220
27 years$1,981$1,474$1,080$781$558$189
28 years$1,890$1,389$1,004$715$504$162
29 years$1,805$1,310$934$656$455$139
30 years$1,726$1,237$870$602$411$119
31 years$1,652$1,170$811$553$372$103
32 years$1,583$1,107$757$508$336$88
33 years$1,519$1,048$707$467$304$76
34 years$1,458$993$660$430$275$65
35 years$1,401$942$617$396$250$56
36 years$1,347$894$578$365$226$48
37 years$1,296$849$541$336$205$41
38 years$1,248$807$506$310$186$36
39 years$1,202$768$474$285$168$31
40 years$1,159$730$445$263$153$26
41 years$1,118$695$417$243$139$23
42 years$1,080$662$391$224$126$20
43 years$1,043$631$367$207$114$17
44 years$1,008$601$344$191$104$14
45 years$974$573$323$176$94$12
46 years$942$547$304$163$85$11
47 years$912$522$285$151$78$9
48 years$882$498$268$139$70$8
49 years$855$476$252$129$64$7
50 years$828$455$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 $848,000, adding $6,557 every year, while hoping to spend $53,659 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: 38/35/27 Blend
56$848,000$848,000$848,000$848,000
57$941,260$896,316$883,172$969,249
58$980,175$883,142$855,665$977,181
59$1,021,262$867,525$825,439$980,335
60$1,064,684$849,288$792,345$982,709
61$1,110,622$828,243$756,228$984,265
62$1,159,272$804,193$716,928$984,970
63$1,210,849$776,929$674,276$984,788
64$1,265,586$746,229$628,095$983,688
65$1,323,740$711,858$578,200$981,640
66$1,385,591$673,569$524,399$978,615
67$1,451,446$631,099$466,492$974,590
68$1,521,641$584,170$404,266$969,546
69$1,596,543$532,490$337,504$963,467
70$1,676,556$475,747$265,976$956,345
71$1,762,121$413,615$189,443$948,177
72$1,853,721$345,746$107,653$938,970
73$1,951,889$271,776$20,348$928,739
74$2,057,207$191,318$0$917,510
75$2,170,313$103,963$0$926,301
76$2,291,908$9,281$0$941,806
77$2,422,764$0$0$958,310
78$2,563,724$0$0$1,011,880
79$2,715,719$0$0$1,073,586
80$2,879,768$0$0$1,140,278
81$3,056,991$0$0$1,212,424
82$3,248,621$0$0$1,290,538
83$3,456,012$0$0$1,375,184
84$3,680,652$0$0$1,466,984
85$3,924,176$0$0$1,566,622
86$4,188,386$0$0$1,674,847
87$4,475,259$0$0$1,792,487
88$4,786,972$0$0$1,920,450
89$5,125,920$0$0$2,059,738
90$5,494,737$0$0$2,211,450
91$5,896,322$0$0$2,376,797
92$6,333,863$0$0$2,557,113
93$6,810,871$0$0$2,753,864
94$7,331,209$0$0$2,968,666
95$7,899,130$0$0$3,203,296
96$8,519,312$0$0$3,459,710
97$9,196,908$0$0$3,740,064
98$9,937,592$0$0$4,046,728
99$10,747,606$0$0$4,382,316
100$11,633,828$0$0$4,749,702