Can I retire at age 57 with 848,000?

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 $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%11.6%
1 years$70,027$69,403$68,795$68,201$67,621$67,166
2 years$34,667$34,021$33,395$32,789$32,200$31,742
3 years$22,882$22,233$21,609$21,008$20,429$19,981
4 years$16,990$16,344$15,726$15,135$14,570$14,136
5 years$13,456$12,814$12,204$11,625$11,076$10,657
6 years$11,101$10,463$9,863$9,297$8,764$8,361
7 years$9,419$8,787$8,196$7,643$7,128$6,740
8 years$8,159$7,532$6,951$6,412$5,913$5,541
9 years$7,179$6,558$5,987$5,461$4,980$4,623
10 years$6,395$5,781$5,219$4,708$4,243$3,902
11 years$5,755$5,146$4,595$4,097$3,649$3,323
12 years$5,221$4,619$4,078$3,594$3,162$2,852
13 years$4,770$4,174$3,643$3,173$2,757$2,462
14 years$4,384$3,794$3,274$2,816$2,417$2,136
15 years$4,049$3,466$2,956$2,512$2,128$1,861
16 years$3,757$3,180$2,680$2,249$1,881$1,627
17 years$3,499$2,929$2,438$2,021$1,668$1,427
18 years$3,270$2,706$2,226$1,821$1,483$1,255
19 years$3,066$2,508$2,038$1,646$1,322$1,106
20 years$2,882$2,331$1,870$1,490$1,181$976
21 years$2,716$2,171$1,720$1,353$1,057$864
22 years$2,565$2,026$1,585$1,230$947$765
23 years$2,428$1,895$1,464$1,120$850$679
24 years$2,302$1,776$1,354$1,022$764$603
25 years$2,186$1,667$1,254$933$688$536
26 years$2,080$1,566$1,163$853$619$477
27 years$1,981$1,474$1,080$781$558$424
28 years$1,890$1,389$1,004$715$504$378
29 years$1,805$1,310$934$656$455$337
30 years$1,726$1,237$870$602$411$301
31 years$1,652$1,170$811$553$372$268
32 years$1,583$1,107$757$508$336$240
33 years$1,519$1,048$707$467$304$214
34 years$1,458$993$660$430$275$191
35 years$1,401$942$617$396$250$171
36 years$1,347$894$578$365$226$153
37 years$1,296$849$541$336$205$137
38 years$1,248$807$506$310$186$122
39 years$1,202$768$474$285$168$109
40 years$1,159$730$445$263$153$98
41 years$1,118$695$417$243$139$88
42 years$1,080$662$391$224$126$78
43 years$1,043$631$367$207$114$70
44 years$1,008$601$344$191$104$63
45 years$974$573$323$176$94$56
46 years$942$547$304$163$85$50
47 years$912$522$285$151$78$45
48 years$882$498$268$139$70$40
49 years$855$476$252$129$64$36
50 years$828$455$237$119$58$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $848,000, adding $5,278 every year, while hoping to spend $34,744 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: 82/12/6 Blend
56$848,000$848,000$848,000$848,000
57$939,940$894,996$881,852$1,016,215
58$998,847$901,884$874,427$1,073,734
59$1,062,597$907,944$865,588$1,131,663
60$1,131,649$913,101$855,253$1,194,179
61$1,206,506$917,270$843,332$1,261,721
62$1,287,719$920,367$829,733$1,334,773
63$1,375,898$922,296$814,361$1,413,865
64$1,471,712$922,961$797,114$1,499,585
65$1,575,896$922,255$777,887$1,592,577
66$1,689,260$920,068$756,569$1,693,552
67$1,812,694$916,282$733,044$1,803,294
68$1,947,180$910,770$707,191$1,922,664
69$2,093,795$903,401$678,885$2,052,614
70$2,253,727$894,032$647,993$2,194,190
71$2,428,283$882,515$614,376$2,348,546
72$2,618,900$868,691$577,890$2,516,952
73$2,827,163$852,392$538,384$2,700,810
74$3,054,814$833,440$495,701$2,901,662
75$3,303,773$811,647$449,675$3,121,209
76$3,576,154$786,813$400,135$3,361,325
77$3,874,281$758,727$346,899$3,624,075
78$4,200,719$727,166$289,782$3,911,735
79$4,558,288$691,893$228,585$4,226,812
80$4,950,096$652,658$163,105$4,572,070
81$5,379,564$609,196$93,127$4,950,555
82$5,850,462$561,229$18,429$5,365,624
83$6,366,940$508,460$0$5,820,977
84$6,933,570$450,577$0$6,324,614
85$7,555,388$387,249$0$6,878,619
86$8,237,942$318,128$0$7,486,780
87$8,987,341$242,845$0$8,154,572
88$9,810,316$161,011$0$8,888,029
89$10,714,282$72,215$0$9,693,798
90$11,707,407$0$0$10,579,207
91$12,798,689$0$0$11,555,494
92$13,998,041$0$0$12,638,965
93$15,316,385$0$0$13,829,951
94$16,765,752$0$0$15,139,325
95$18,359,398$0$0$16,579,064
96$20,111,927$0$0$18,162,366
97$22,039,430$0$0$19,903,770
98$24,159,635$0$0$21,819,296
99$26,492,075$0$0$23,926,594
100$29,058,271$0$0$26,245,111