Can I retire at age 57 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$70,275$69,649$69,038$68,442$67,860$66,463
2 years$34,789$34,142$33,514$32,905$32,314$30,913
3 years$22,963$22,312$21,686$21,082$20,501$19,140
4 years$17,050$16,402$15,782$15,189$14,622$13,310
5 years$13,504$12,859$12,247$11,666$11,115$9,857
6 years$11,140$10,500$9,897$9,330$8,795$7,592
7 years$9,453$8,818$8,225$7,670$7,153$6,006
8 years$8,188$7,559$6,975$6,435$5,934$4,842
9 years$7,204$6,581$6,008$5,481$4,997$3,959
10 years$6,418$5,801$5,238$4,725$4,258$3,273
11 years$5,775$5,164$4,611$4,112$3,662$2,730
12 years$5,240$4,635$4,092$3,607$3,173$2,292
13 years$4,787$4,189$3,656$3,184$2,767$1,935
14 years$4,399$3,808$3,285$2,826$2,426$1,641
15 years$4,064$3,478$2,966$2,521$2,136$1,397
16 years$3,770$3,191$2,689$2,257$1,888$1,193
17 years$3,512$2,939$2,447$2,028$1,674$1,021
18 years$3,282$2,716$2,234$1,828$1,488$876
19 years$3,077$2,517$2,045$1,651$1,326$753
20 years$2,892$2,339$1,877$1,496$1,185$649
21 years$2,726$2,179$1,726$1,357$1,060$559
22 years$2,574$2,034$1,591$1,234$950$483
23 years$2,436$1,902$1,469$1,124$853$417
24 years$2,310$1,782$1,359$1,025$767$361
25 years$2,194$1,672$1,258$936$690$312
26 years$2,087$1,572$1,167$856$622$270
27 years$1,988$1,479$1,084$784$560$234
28 years$1,897$1,394$1,007$718$506$203
29 years$1,812$1,315$938$658$457$176
30 years$1,732$1,242$873$604$413$153
31 years$1,658$1,174$814$555$373$133
32 years$1,589$1,111$760$510$337$115
33 years$1,524$1,052$709$469$305$100
34 years$1,463$997$663$431$276$87
35 years$1,406$946$620$397$250$75
36 years$1,352$898$580$366$227$66
37 years$1,301$852$542$337$206$57
38 years$1,252$810$508$311$186$49
39 years$1,207$770$476$286$169$43
40 years$1,163$733$446$264$153$37
41 years$1,122$698$418$244$139$32
42 years$1,083$664$392$225$126$28
43 years$1,046$633$368$208$115$25
44 years$1,011$603$346$192$104$21
45 years$977$575$325$177$94$19
46 years$945$549$305$164$86$16
47 years$915$524$286$151$78$14
48 years$886$500$269$140$71$12
49 years$858$478$253$129$64$11
50 years$831$456$238$119$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $851,000, adding $5,997 every year, while hoping to spend $33,552 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: 67/28/5 Blend
56$851,000$851,000$851,000$851,000
57$943,988$898,885$885,694$1,006,255
58$1,004,576$907,231$879,666$1,056,636
59$1,070,219$914,862$872,311$1,107,059
60$1,141,398$921,707$863,550$1,161,268
61$1,218,640$927,690$853,299$1,219,627
62$1,302,527$932,733$841,470$1,282,537
63$1,393,698$936,750$827,973$1,350,441
64$1,492,854$939,650$812,709$1,423,826
65$1,600,771$941,338$795,580$1,503,228
66$1,718,297$941,711$776,480$1,589,243
67$1,846,370$940,662$755,299$1,682,522
68$1,986,020$938,075$731,921$1,783,788
69$2,138,381$933,827$706,228$1,893,835
70$2,304,701$927,789$678,091$2,013,541
71$2,486,354$919,825$647,381$2,143,873
72$2,684,853$909,787$613,959$2,285,897
73$2,901,862$897,521$577,681$2,440,792
74$3,139,216$882,863$538,397$2,609,855
75$3,398,933$865,640$495,950$2,794,517
76$3,683,236$845,669$450,176$2,996,357
77$3,994,572$822,753$400,904$3,217,117
78$4,335,638$796,687$347,953$3,458,717
79$4,709,402$767,253$291,138$3,723,275
80$5,119,132$734,220$230,263$4,013,128
81$5,568,430$697,343$165,123$4,330,852
82$6,061,262$656,365$95,507$4,679,288
83$6,601,995$611,012$21,191$5,061,569
84$7,195,442$560,994$0$5,481,153
85$7,846,901$506,007$0$5,944,950
86$8,562,211$445,728$0$6,455,470
87$9,347,803$379,815$0$7,016,230
88$10,210,761$307,908$0$7,632,354
89$11,158,890$229,626$0$8,309,494
90$12,200,787$144,568$0$9,053,879
91$13,345,923$52,308$0$9,872,378
92$14,604,734$0$0$10,772,563
93$15,988,715$0$0$11,777,450
94$17,510,534$0$0$12,900,198
95$19,184,143$0$0$14,134,992
96$21,024,917$0$0$15,493,183
97$23,049,797$0$0$16,987,276
98$25,277,444$0$0$18,631,051
99$27,728,424$0$0$20,439,690
100$30,425,393$0$0$22,429,921