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%19.5%
1 years$70,192$69,567$68,957$68,362$67,780$65,194
2 years$34,749$34,101$33,474$32,866$32,276$29,701
3 years$22,936$22,286$21,660$21,058$20,477$17,994
4 years$17,030$16,382$15,763$15,171$14,605$12,233
5 years$13,488$12,844$12,233$11,653$11,102$8,847
6 years$11,127$10,488$9,886$9,319$8,785$6,649
7 years$9,442$8,808$8,215$7,661$7,144$5,126
8 years$8,178$7,550$6,967$6,427$5,927$4,025
9 years$7,196$6,574$6,001$5,474$4,991$3,203
10 years$6,410$5,794$5,232$4,719$4,253$2,574
11 years$5,768$5,158$4,606$4,107$3,658$2,085
12 years$5,234$4,630$4,088$3,602$3,170$1,699
13 years$4,781$4,184$3,652$3,180$2,764$1,392
14 years$4,394$3,803$3,281$2,823$2,423$1,144
15 years$4,059$3,474$2,963$2,518$2,133$944
16 years$3,766$3,188$2,686$2,254$1,885$780
17 years$3,507$2,936$2,444$2,026$1,672$646
18 years$3,278$2,713$2,231$1,825$1,486$537
19 years$3,073$2,514$2,043$1,649$1,325$446
20 years$2,889$2,336$1,875$1,494$1,183$371
21 years$2,722$2,176$1,724$1,356$1,059$309
22 years$2,571$2,031$1,589$1,233$949$258
23 years$2,433$1,900$1,467$1,123$852$215
24 years$2,307$1,780$1,357$1,024$766$179
25 years$2,191$1,670$1,257$935$689$150
26 years$2,085$1,570$1,166$855$621$125
27 years$1,986$1,478$1,082$783$560$104
28 years$1,894$1,392$1,006$717$505$87
29 years$1,809$1,313$936$658$456$73
30 years$1,730$1,240$872$603$412$61
31 years$1,656$1,173$813$554$373$51
32 years$1,587$1,109$759$509$337$43
33 years$1,522$1,051$708$468$305$36
34 years$1,461$996$662$431$276$30
35 years$1,404$945$619$397$250$25
36 years$1,350$897$579$365$227$21
37 years$1,299$851$542$337$205$17
38 years$1,251$809$507$310$186$15
39 years$1,205$769$475$286$169$12
40 years$1,162$732$446$264$153$10
41 years$1,121$697$418$243$139$9
42 years$1,082$664$392$225$126$7
43 years$1,045$632$368$207$114$6
44 years$1,010$603$345$192$104$5
45 years$976$575$324$177$94$4
46 years$944$548$304$163$86$4
47 years$914$523$286$151$78$3
48 years$885$500$269$139$71$2
49 years$857$477$253$129$64$2
50 years$830$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $850,000, adding $5,081 every year, while hoping to spend $38,213 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: 54/40/6 Blend
56$850,000$850,000$850,000$850,000
57$941,941$896,891$883,716$991,263
58$997,361$900,180$872,662$1,028,457
59$1,057,152$902,350$859,957$1,064,259
60$1,121,722$903,305$845,506$1,102,288
61$1,191,515$902,944$829,207$1,142,763
62$1,267,021$901,160$810,957$1,185,923
63$1,348,778$897,839$790,646$1,232,033
64$1,437,380$892,859$768,159$1,281,389
65$1,533,476$886,092$743,375$1,334,316
66$1,637,783$877,403$716,171$1,391,176
67$1,751,087$866,646$686,413$1,452,368
68$1,874,256$853,669$653,965$1,518,336
69$2,008,241$838,310$618,685$1,589,569
70$2,154,091$820,397$580,420$1,666,611
71$2,312,960$799,748$539,016$1,750,062
72$2,486,117$776,171$494,308$1,840,585
73$2,674,958$749,461$446,125$1,938,917
74$2,881,022$719,403$394,288$2,045,872
75$3,106,001$685,768$338,611$2,162,348
76$3,351,758$648,316$278,900$2,289,341
77$3,620,344$606,790$214,949$2,427,953
78$3,914,017$560,920$146,548$2,579,401
79$4,235,263$510,422$73,474$2,745,030
80$4,586,820$454,992$0$2,926,329
81$4,971,702$394,313$0$3,125,232
82$5,393,228$328,047$0$3,348,307
83$5,855,053$255,837$0$3,592,870
84$6,361,204$177,309$0$3,861,161
85$6,916,114$92,064$0$4,155,650
86$7,524,665$0$0$4,479,067
87$8,192,237$0$0$4,834,567
88$8,924,753$0$0$5,269,198
89$9,728,738$0$0$5,746,318
90$10,611,380$0$0$6,270,204
91$11,580,596$0$0$6,845,566
92$12,645,108$0$0$7,477,593
93$13,814,524$0$0$8,172,000
94$15,099,428$0$0$8,935,086
95$16,511,480$0$0$9,773,786
96$18,063,528$0$0$10,695,745
97$19,769,722$0$0$11,709,382
98$21,645,655$0$0$12,823,974
99$23,708,506$0$0$14,049,741
100$25,977,199$0$0$15,397,946