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%
1 years$70,275$69,649$69,038$68,442$67,860$66,435
2 years$34,789$34,142$33,514$32,905$32,314$30,886
3 years$22,963$22,312$21,686$21,082$20,501$19,114
4 years$17,050$16,402$15,782$15,189$14,622$13,285
5 years$13,504$12,859$12,247$11,666$11,115$9,834
6 years$11,140$10,500$9,897$9,330$8,795$7,570
7 years$9,453$8,818$8,225$7,670$7,153$5,985
8 years$8,188$7,559$6,975$6,435$5,934$4,822
9 years$7,204$6,581$6,008$5,481$4,997$3,941
10 years$6,418$5,801$5,238$4,725$4,258$3,256
11 years$5,775$5,164$4,611$4,112$3,662$2,713
12 years$5,240$4,635$4,092$3,607$3,173$2,277
13 years$4,787$4,189$3,656$3,184$2,767$1,921
14 years$4,399$3,808$3,285$2,826$2,426$1,628
15 years$4,064$3,478$2,966$2,521$2,136$1,385
16 years$3,770$3,191$2,689$2,257$1,888$1,182
17 years$3,512$2,939$2,447$2,028$1,674$1,011
18 years$3,282$2,716$2,234$1,828$1,488$867
19 years$3,077$2,517$2,045$1,651$1,326$745
20 years$2,892$2,339$1,877$1,496$1,185$641
21 years$2,726$2,179$1,726$1,357$1,060$552
22 years$2,574$2,034$1,591$1,234$950$476
23 years$2,436$1,902$1,469$1,124$853$411
24 years$2,310$1,782$1,359$1,025$767$355
25 years$2,194$1,672$1,258$936$690$307
26 years$2,087$1,572$1,167$856$622$266
27 years$1,988$1,479$1,084$784$560$230
28 years$1,897$1,394$1,007$718$506$199
29 years$1,812$1,315$938$658$457$173
30 years$1,732$1,242$873$604$413$150
31 years$1,658$1,174$814$555$373$130
32 years$1,589$1,111$760$510$337$113
33 years$1,524$1,052$709$469$305$98
34 years$1,463$997$663$431$276$85
35 years$1,406$946$620$397$250$74
36 years$1,352$898$580$366$227$64
37 years$1,301$852$542$337$206$55
38 years$1,252$810$508$311$186$48
39 years$1,207$770$476$286$169$42
40 years$1,163$733$446$264$153$36
41 years$1,122$698$418$244$139$32
42 years$1,083$664$392$225$126$27
43 years$1,046$633$368$208$115$24
44 years$1,011$603$346$192$104$21
45 years$977$575$325$177$94$18
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$10
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 $3,066 every year, while hoping to spend $56,060 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: 61/31/8 Blend
56$851,000$851,000$851,000$851,000
57$940,965$895,862$882,671$996,586
58$977,296$880,111$852,593$1,018,431
59$1,015,453$861,711$819,629$1,035,522
60$1,055,565$840,470$783,622$1,052,757
61$1,097,769$816,190$744,410$1,070,150
62$1,142,216$788,657$701,822$1,087,719
63$1,189,070$757,649$655,680$1,105,486
64$1,238,508$722,927$605,799$1,123,480
65$1,290,726$684,240$551,983$1,141,733
66$1,345,936$641,324$494,030$1,160,286
67$1,404,369$593,896$431,728$1,179,184
68$1,466,278$541,661$364,855$1,198,485
69$1,531,940$484,304$293,179$1,218,251
70$1,601,657$421,494$216,459$1,238,560
71$1,675,759$352,880$134,444$1,259,497
72$1,754,607$278,092$46,868$1,281,165
73$1,838,598$196,739$0$1,303,679
74$1,928,163$108,408$0$1,331,149
75$2,023,779$12,662$0$1,364,280
76$2,125,963$0$0$1,399,266
77$2,235,287$0$0$1,467,360
78$2,352,375$0$0$1,544,959
79$2,477,912$0$0$1,628,202
80$2,612,650$0$0$1,717,595
81$2,757,414$0$0$1,813,690
82$2,913,110$0$0$1,917,095
83$3,080,732$0$0$2,028,477
84$3,261,371$0$0$2,148,569
85$3,456,227$0$0$2,278,176
86$3,666,618$0$0$2,418,182
87$3,893,991$0$0$2,569,559
88$4,139,937$0$0$2,733,375
89$4,406,206$0$0$2,910,805
90$4,694,720$0$0$3,103,139
91$5,007,594$0$0$3,311,797
92$5,347,152$0$0$3,538,341
93$5,715,952$0$0$3,784,488
94$6,116,806$0$0$4,052,127
95$6,552,809$0$0$4,343,335
96$7,027,365$0$0$4,660,401
97$7,544,219$0$0$5,005,840
98$8,107,496$0$0$5,382,421
99$8,721,729$0$0$5,793,192
100$9,391,914$0$0$6,241,507