Can I retire at age 57 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$70,440$69,813$69,200$68,603$68,019$66,893
2 years$34,871$34,222$33,592$32,982$32,390$31,258
3 years$23,017$22,364$21,737$21,132$20,550$19,448
4 years$17,090$16,440$15,819$15,224$14,656$13,593
5 years$13,536$12,889$12,276$11,694$11,141$10,120
6 years$11,167$10,525$9,921$9,352$8,816$7,837
7 years$9,475$8,839$8,244$7,688$7,170$6,234
8 years$8,207$7,577$6,992$6,450$5,948$5,055
9 years$7,221$6,597$6,022$5,494$5,009$4,159
10 years$6,433$5,815$5,250$4,736$4,268$3,459
11 years$5,789$5,177$4,622$4,121$3,671$2,903
12 years$5,252$4,646$4,102$3,615$3,181$2,453
13 years$4,798$4,199$3,665$3,192$2,774$2,085
14 years$4,410$3,817$3,293$2,833$2,431$1,780
15 years$4,073$3,487$2,973$2,527$2,141$1,526
16 years$3,779$3,199$2,696$2,262$1,892$1,312
17 years$3,520$2,946$2,453$2,033$1,678$1,132
18 years$3,290$2,722$2,239$1,832$1,492$978
19 years$3,084$2,523$2,050$1,655$1,330$847
20 years$2,899$2,344$1,881$1,499$1,188$735
21 years$2,732$2,184$1,730$1,361$1,063$638
22 years$2,580$2,038$1,595$1,237$953$555
23 years$2,442$1,907$1,472$1,127$855$484
24 years$2,315$1,786$1,362$1,028$769$422
25 years$2,199$1,676$1,261$938$692$368
26 years$2,092$1,575$1,170$858$623$321
27 years$1,993$1,483$1,086$785$562$280
28 years$1,901$1,397$1,010$720$507$245
29 years$1,816$1,318$940$660$458$214
30 years$1,736$1,245$875$606$414$187
31 years$1,662$1,177$816$556$374$164
32 years$1,593$1,113$761$511$338$144
33 years$1,528$1,054$711$470$306$126
34 years$1,466$999$664$432$277$110
35 years$1,409$948$621$398$251$96
36 years$1,355$900$581$367$227$84
37 years$1,304$854$544$338$206$74
38 years$1,255$812$509$311$187$65
39 years$1,210$772$477$287$169$57
40 years$1,166$735$447$265$154$50
41 years$1,125$699$419$244$139$44
42 years$1,086$666$393$225$127$38
43 years$1,049$635$369$208$115$34
44 years$1,013$605$346$192$104$29
45 years$980$577$325$177$95$26
46 years$948$550$306$164$86$23
47 years$917$525$287$151$78$20
48 years$888$501$270$140$71$17
49 years$860$479$254$129$64$15
50 years$833$457$238$120$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $853,000, adding $2,551 every year, while hoping to spend $35,073 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: 53/37/10 Blend
56$853,000$853,000$853,000$853,000
57$942,637$897,428$884,207$990,060
58$1,001,469$904,085$876,510$1,029,227
59$1,065,126$909,892$867,381$1,067,805
60$1,134,063$914,772$856,732$1,108,954
61$1,208,782$918,639$844,477$1,152,923
62$1,289,831$921,406$830,521$1,199,990
63$1,377,817$922,978$814,766$1,250,461
64$1,473,404$923,254$797,111$1,304,676
65$1,577,326$922,128$777,448$1,363,010
66$1,690,387$919,486$755,667$1,425,879
67$1,813,474$915,209$731,649$1,493,740
68$1,947,562$909,167$705,273$1,567,102
69$2,093,724$901,227$676,410$1,646,525
70$2,253,140$891,244$644,927$1,732,631
71$2,427,112$879,066$610,683$1,826,104
72$2,617,070$864,533$573,533$1,927,703
73$2,824,589$847,473$533,324$2,038,267
74$3,051,403$827,705$489,896$2,158,720
75$3,299,421$805,037$443,083$2,290,087
76$3,570,745$779,268$392,710$2,433,500
77$3,867,690$750,181$338,595$2,590,206
78$4,192,805$717,550$280,548$2,761,589
79$4,548,895$681,134$218,371$2,949,172
80$4,939,052$640,679$151,856$3,154,641
81$5,366,680$595,917$80,787$3,379,858
82$5,835,526$546,562$4,938$3,626,879
83$6,349,721$492,314$0$3,897,974
84$6,913,810$432,856$0$4,203,760
85$7,532,805$367,851$0$4,539,986
86$8,212,220$296,945$0$4,909,210
87$8,958,135$219,764$0$5,314,834
88$9,777,244$135,911$0$5,760,617
89$10,676,921$44,969$0$6,250,702
90$11,665,291$0$0$6,789,664
91$12,751,303$0$0$7,404,332
92$13,944,817$0$0$8,100,055
93$15,256,695$0$0$8,864,867
94$16,698,905$0$0$9,705,756
95$18,284,629$0$0$10,630,421
96$20,028,395$0$0$11,647,344
97$21,946,204$0$0$12,765,871
98$24,055,690$0$0$13,996,299
99$26,376,279$0$0$15,349,971
100$28,929,376$0$0$16,839,389