Can I retire at age 57 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$70,110$69,485$68,876$68,281$67,700$66,744
2 years$34,708$34,061$33,435$32,827$32,238$31,276
3 years$22,909$22,259$21,635$21,033$20,453$19,516
4 years$17,010$16,363$15,744$15,153$14,587$13,682
5 years$13,472$12,829$12,218$11,639$11,089$10,218
6 years$11,114$10,476$9,874$9,308$8,774$7,939
7 years$9,431$8,797$8,206$7,652$7,136$6,336
8 years$8,168$7,541$6,959$6,419$5,920$5,156
9 years$7,187$6,566$5,994$5,468$4,985$4,257
10 years$6,403$5,787$5,225$4,713$4,248$3,554
11 years$5,761$5,152$4,600$4,102$3,653$2,993
12 years$5,227$4,624$4,083$3,598$3,166$2,539
13 years$4,776$4,179$3,648$3,177$2,761$2,166
14 years$4,389$3,799$3,277$2,820$2,420$1,857
15 years$4,054$3,470$2,959$2,515$2,131$1,599
16 years$3,761$3,184$2,683$2,252$1,883$1,381
17 years$3,503$2,932$2,441$2,023$1,670$1,196
18 years$3,274$2,709$2,229$1,823$1,485$1,038
19 years$3,070$2,511$2,040$1,647$1,323$903
20 years$2,885$2,333$1,872$1,492$1,182$787
21 years$2,719$2,174$1,722$1,354$1,058$687
22 years$2,568$2,029$1,587$1,231$948$600
23 years$2,431$1,898$1,466$1,121$851$525
24 years$2,305$1,778$1,355$1,023$765$460
25 years$2,189$1,668$1,255$934$688$403
26 years$2,082$1,568$1,164$854$620$354
27 years$1,984$1,476$1,081$782$559$310
28 years$1,892$1,391$1,005$716$504$273
29 years$1,807$1,312$935$657$455$239
30 years$1,728$1,239$871$603$412$210
31 years$1,654$1,171$812$554$372$185
32 years$1,585$1,108$758$509$337$163
33 years$1,520$1,049$708$468$305$143
34 years$1,460$995$661$430$276$126
35 years$1,402$943$618$396$250$111
36 years$1,348$895$578$365$226$98
37 years$1,298$850$541$336$205$86
38 years$1,249$808$507$310$186$76
39 years$1,204$769$475$286$169$67
40 years$1,161$731$445$264$153$59
41 years$1,120$696$417$243$139$52
42 years$1,081$663$391$224$126$46
43 years$1,044$632$367$207$114$40
44 years$1,009$602$345$191$104$36
45 years$975$574$324$177$94$31
46 years$943$548$304$163$86$28
47 years$913$523$286$151$78$24
48 years$884$499$268$139$71$21
49 years$856$476$252$129$64$19
50 years$829$455$237$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $849,000, adding $2,484 every year, while hoping to spend $32,293 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: 85/7/8 Blend
56$849,000$849,000$849,000$849,000
57$938,160$893,163$880,004$1,016,881
58$999,493$902,569$875,124$1,078,045
59$1,066,000$911,353$868,999$1,140,581
60$1,138,173$919,451$861,552$1,208,268
61$1,216,557$926,794$852,705$1,281,605
62$1,301,748$933,309$842,373$1,361,138
63$1,394,404$938,919$830,469$1,447,470
64$1,495,246$943,539$816,903$1,541,264
65$1,605,071$947,082$801,579$1,643,250
66$1,724,752$949,453$784,396$1,754,235
67$1,855,255$950,554$765,251$1,875,103
68$1,997,638$950,278$744,034$2,006,831
69$2,153,068$948,513$720,630$2,150,495
70$2,322,829$945,138$694,920$2,307,278
71$2,508,336$940,028$666,778$2,478,486
72$2,711,145$933,048$636,073$2,665,556
73$2,932,969$924,055$602,669$2,870,072
74$3,175,696$912,898$566,423$3,093,778
75$3,441,403$899,417$527,185$3,338,597
76$3,732,379$883,441$484,798$3,606,647
77$4,051,143$864,791$439,100$3,900,261
78$4,400,470$843,276$389,920$4,222,010
79$4,783,416$818,694$337,080$4,574,728
80$5,203,346$790,832$280,394$4,961,537
81$5,663,968$759,463$219,668$5,385,876
82$6,169,364$724,348$154,698$5,851,535
83$6,724,032$685,234$85,274$6,362,693
84$7,332,927$641,854$11,174$6,923,950
85$8,001,505$593,924$0$7,540,380
86$8,735,777$541,145$0$8,223,368
87$9,542,365$483,200$0$8,974,670
88$10,428,565$419,756$0$9,800,142
89$11,402,413$350,458$0$10,707,285
90$12,472,763$274,935$0$11,704,365
91$13,649,369$192,790$0$12,800,489
92$14,942,976$103,609$0$14,005,693
93$16,365,425$6,951$0$15,331,035
94$17,929,759$0$0$16,788,698
95$19,650,349$0$0$18,399,630
96$21,543,030$0$0$20,172,288
97$23,625,247$0$0$22,122,478
98$25,916,222$0$0$24,268,205
99$28,437,135$0$0$26,629,307
100$31,211,320$0$0$29,227,643