Can I retire at age 57 with 853,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$70,440$69,813$69,200$68,603$68,019$67,647
2 years$34,871$34,222$33,592$32,982$32,390$32,015
3 years$23,017$22,364$21,737$21,132$20,550$20,183
4 years$17,090$16,440$15,819$15,224$14,656$14,300
5 years$13,536$12,889$12,276$11,694$11,141$10,798
6 years$11,167$10,525$9,921$9,352$8,816$8,485
7 years$9,475$8,839$8,244$7,688$7,170$6,851
8 years$8,207$7,577$6,992$6,450$5,948$5,642
9 years$7,221$6,597$6,022$5,494$5,009$4,716
10 years$6,433$5,815$5,250$4,736$4,268$3,987
11 years$5,789$5,177$4,622$4,121$3,671$3,402
12 years$5,252$4,646$4,102$3,615$3,181$2,925
13 years$4,798$4,199$3,665$3,192$2,774$2,530
14 years$4,410$3,817$3,293$2,833$2,431$2,199
15 years$4,073$3,487$2,973$2,527$2,141$1,920
16 years$3,779$3,199$2,696$2,262$1,892$1,682
17 years$3,520$2,946$2,453$2,033$1,678$1,478
18 years$3,290$2,722$2,239$1,832$1,492$1,302
19 years$3,084$2,523$2,050$1,655$1,330$1,150
20 years$2,899$2,344$1,881$1,499$1,188$1,018
21 years$2,732$2,184$1,730$1,361$1,063$902
22 years$2,580$2,038$1,595$1,237$953$801
23 years$2,442$1,907$1,472$1,127$855$712
24 years$2,315$1,786$1,362$1,028$769$634
25 years$2,199$1,676$1,261$938$692$565
26 years$2,092$1,575$1,170$858$623$504
27 years$1,993$1,483$1,086$785$562$450
28 years$1,901$1,397$1,010$720$507$402
29 years$1,816$1,318$940$660$458$359
30 years$1,736$1,245$875$606$414$321
31 years$1,662$1,177$816$556$374$287
32 years$1,593$1,113$761$511$338$257
33 years$1,528$1,054$711$470$306$230
34 years$1,466$999$664$432$277$206
35 years$1,409$948$621$398$251$185
36 years$1,355$900$581$367$227$166
37 years$1,304$854$544$338$206$148
38 years$1,255$812$509$311$187$133
39 years$1,210$772$477$287$169$119
40 years$1,166$735$447$265$154$107
41 years$1,125$699$419$244$139$96
42 years$1,086$666$393$225$127$86
43 years$1,049$635$369$208$115$77
44 years$1,013$605$346$192$104$69
45 years$980$577$325$177$95$62
46 years$948$550$306$164$86$56
47 years$917$525$287$151$78$50
48 years$888$501$270$140$71$45
49 years$860$479$254$129$64$40
50 years$833$457$238$120$58$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $853,000, adding $6,580 every year, while hoping to spend $37,369 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: 75/19/6 Blend
56$853,000$853,000$853,000$853,000
57$946,793$901,584$888,363$1,016,711
58$1,003,606$906,002$878,363$1,068,014
59$1,064,961$909,383$866,775$1,118,790
60$1,131,282$911,638$853,507$1,173,344
61$1,203,036$912,671$838,462$1,232,039
62$1,280,734$912,380$821,539$1,295,269
63$1,364,939$910,657$802,631$1,363,473
64$1,456,270$907,387$781,627$1,437,133
65$1,555,409$902,448$758,410$1,516,780
66$1,663,103$895,711$732,860$1,602,999
67$1,780,178$887,039$704,849$1,696,436
68$1,907,538$876,286$674,243$1,797,804
69$2,046,181$863,298$640,905$1,907,887
70$2,197,204$847,912$604,688$2,027,550
71$2,361,815$829,955$565,440$2,157,747
72$2,541,341$809,244$523,004$2,299,531
73$2,737,245$785,585$477,212$2,454,060
74$2,951,138$758,772$427,892$2,622,615
75$3,184,790$728,588$374,862$2,806,605
76$3,440,153$694,803$317,935$3,007,585
77$3,719,374$657,173$256,911$3,227,269
78$4,024,818$615,443$191,585$3,467,548
79$4,359,088$569,338$121,742$3,730,507
80$4,725,051$518,572$47,157$4,018,444
81$5,125,865$462,841$0$4,333,893
82$5,565,006$401,823$0$4,681,725
83$6,046,303$335,178$0$5,066,302
84$6,573,972$262,549$0$5,488,015
85$7,152,659$183,555$0$5,950,628
86$7,787,478$97,797$0$6,458,288
87$8,484,064$4,853$0$7,015,569
88$9,248,624$0$0$7,627,510
89$10,087,992$0$0$8,319,683
90$11,009,700$0$0$9,080,907
91$12,022,044$0$0$9,917,022
92$13,134,162$0$0$10,835,583
93$14,356,120$0$0$11,844,908
94$15,699,010$0$0$12,954,162
95$17,175,049$0$0$14,173,445
96$18,797,698$0$0$15,513,880
97$20,581,788$0$0$16,987,725
98$22,543,657$0$0$18,608,481
99$24,701,306$0$0$20,391,026
100$27,074,568$0$0$22,351,753