Can I retire at age 57 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$70,192$69,567$68,957$68,362$67,780$65,532
2 years$34,749$34,101$33,474$32,866$32,276$30,033
3 years$22,936$22,286$21,660$21,058$20,477$18,309
4 years$17,030$16,382$15,763$15,171$14,605$12,529
5 years$13,488$12,844$12,233$11,653$11,102$9,124
6 years$11,127$10,488$9,886$9,319$8,785$6,906
7 years$9,442$8,808$8,215$7,661$7,144$5,364
8 years$8,178$7,550$6,967$6,427$5,927$4,244
9 years$7,196$6,574$6,001$5,474$4,991$3,404
10 years$6,410$5,794$5,232$4,719$4,253$2,759
11 years$5,768$5,158$4,606$4,107$3,658$2,254
12 years$5,234$4,630$4,088$3,602$3,170$1,853
13 years$4,781$4,184$3,652$3,180$2,764$1,531
14 years$4,394$3,803$3,281$2,823$2,423$1,270
15 years$4,059$3,474$2,963$2,518$2,133$1,057
16 years$3,766$3,188$2,686$2,254$1,885$882
17 years$3,507$2,936$2,444$2,026$1,672$738
18 years$3,278$2,713$2,231$1,825$1,486$619
19 years$3,073$2,514$2,043$1,649$1,325$519
20 years$2,889$2,336$1,875$1,494$1,183$436
21 years$2,722$2,176$1,724$1,356$1,059$367
22 years$2,571$2,031$1,589$1,233$949$309
23 years$2,433$1,900$1,467$1,123$852$260
24 years$2,307$1,780$1,357$1,024$766$220
25 years$2,191$1,670$1,257$935$689$185
26 years$2,085$1,570$1,166$855$621$156
27 years$1,986$1,478$1,082$783$560$132
28 years$1,894$1,392$1,006$717$505$112
29 years$1,809$1,313$936$658$456$94
30 years$1,730$1,240$872$603$412$80
31 years$1,656$1,173$813$554$373$67
32 years$1,587$1,109$759$509$337$57
33 years$1,522$1,051$708$468$305$48
34 years$1,461$996$662$431$276$41
35 years$1,404$945$619$397$250$34
36 years$1,350$897$579$365$227$29
37 years$1,299$851$542$337$205$25
38 years$1,251$809$507$310$186$21
39 years$1,205$769$475$286$169$18
40 years$1,162$732$446$264$153$15
41 years$1,121$697$418$243$139$13
42 years$1,082$664$392$225$126$11
43 years$1,045$632$368$207$114$9
44 years$1,010$603$345$192$104$8
45 years$976$575$324$177$94$6
46 years$944$548$304$163$86$5
47 years$914$523$286$151$78$5
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$3
50 years$830$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $850,000, adding $6,598 every year, while hoping to spend $43,970 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: 82/11/7 Blend
56$850,000$850,000$850,000$850,000
57$943,506$898,456$885,281$1,019,686
58$992,960$895,696$868,154$1,067,714
59$1,045,984$891,328$848,980$1,113,872
60$1,102,897$885,226$827,643$1,163,192
61$1,164,047$877,256$804,024$1,215,965
62$1,229,817$867,279$777,995$1,272,511
63$1,300,627$855,144$749,427$1,333,183
64$1,376,939$840,694$718,181$1,398,371
65$1,459,259$823,761$684,113$1,468,502
66$1,548,145$804,167$647,072$1,544,050
67$1,644,209$781,724$606,902$1,625,534
68$1,748,124$756,234$563,438$1,713,528
69$1,860,628$727,485$516,509$1,808,662
70$1,982,534$695,254$465,934$1,911,633
71$2,114,737$659,306$411,527$2,023,208
72$2,258,219$619,390$353,093$2,144,232
73$2,414,061$575,245$290,425$2,275,638
74$2,583,453$526,589$223,312$2,418,452
75$2,767,702$473,128$151,529$2,573,806
76$2,968,247$414,552$74,845$2,742,948
77$3,186,673$350,529$0$2,927,254
78$3,424,722$280,713$0$3,128,763
79$3,684,311$204,736$0$3,354,623
80$3,967,552$122,209$0$3,601,102
81$4,276,768$32,723$0$3,870,251
82$4,614,516$0$0$4,164,333
83$4,983,613$0$0$4,493,603
84$5,387,157$0$0$4,857,954
85$5,828,563$0$0$5,256,507
86$6,311,587$0$0$5,692,659
87$6,840,367$0$0$6,170,148
88$7,419,461$0$0$6,693,091
89$8,053,886$0$0$7,266,022
90$8,749,167$0$0$7,893,935
91$9,511,391$0$0$8,582,329
92$10,347,262$0$0$9,337,259
93$11,264,161$0$0$10,165,398
94$12,270,220$0$0$11,074,093
95$13,374,396$0$0$12,071,437
96$14,586,556$0$0$13,166,346
97$15,917,567$0$0$14,368,639
98$17,379,401$0$0$15,689,135
99$18,985,248$0$0$17,139,751
100$20,749,634$0$0$18,733,615