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%12.1%
1 years$70,440$69,813$69,200$68,603$68,019$67,421
2 years$34,871$34,222$33,592$32,982$32,390$31,788
3 years$23,017$22,364$21,737$21,132$20,550$19,961
4 years$17,090$16,440$15,819$15,224$14,656$14,086
5 years$13,536$12,889$12,276$11,694$11,141$10,592
6 years$11,167$10,525$9,921$9,352$8,816$8,287
7 years$9,475$8,839$8,244$7,688$7,170$6,662
8 years$8,207$7,577$6,992$6,450$5,948$5,462
9 years$7,221$6,597$6,022$5,494$5,009$4,544
10 years$6,433$5,815$5,250$4,736$4,268$3,823
11 years$5,789$5,177$4,622$4,121$3,671$3,246
12 years$5,252$4,646$4,102$3,615$3,181$2,777
13 years$4,798$4,199$3,665$3,192$2,774$2,389
14 years$4,410$3,817$3,293$2,833$2,431$2,066
15 years$4,073$3,487$2,973$2,527$2,141$1,794
16 years$3,779$3,199$2,696$2,262$1,892$1,563
17 years$3,520$2,946$2,453$2,033$1,678$1,366
18 years$3,290$2,722$2,239$1,832$1,492$1,197
19 years$3,084$2,523$2,050$1,655$1,330$1,051
20 years$2,899$2,344$1,881$1,499$1,188$925
21 years$2,732$2,184$1,730$1,361$1,063$815
22 years$2,580$2,038$1,595$1,237$953$719
23 years$2,442$1,907$1,472$1,127$855$636
24 years$2,315$1,786$1,362$1,028$769$562
25 years$2,199$1,676$1,261$938$692$498
26 years$2,092$1,575$1,170$858$623$441
27 years$1,993$1,483$1,086$785$562$391
28 years$1,901$1,397$1,010$720$507$347
29 years$1,816$1,318$940$660$458$308
30 years$1,736$1,245$875$606$414$274
31 years$1,662$1,177$816$556$374$244
32 years$1,593$1,113$761$511$338$217
33 years$1,528$1,054$711$470$306$193
34 years$1,466$999$664$432$277$171
35 years$1,409$948$621$398$251$153
36 years$1,355$900$581$367$227$136
37 years$1,304$854$544$338$206$121
38 years$1,255$812$509$311$187$108
39 years$1,210$772$477$287$169$96
40 years$1,166$735$447$265$154$85
41 years$1,125$699$419$244$139$76
42 years$1,086$666$393$225$127$68
43 years$1,049$635$369$208$115$60
44 years$1,013$605$346$192$104$54
45 years$980$577$325$177$95$48
46 years$948$550$306$164$86$43
47 years$917$525$287$151$78$38
48 years$888$501$270$140$71$34
49 years$860$479$254$129$64$30
50 years$833$457$238$120$58$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $853,000, adding $6,141 every year, while hoping to spend $51,216 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: 45/31/24 Blend
56$853,000$853,000$853,000$853,000
57$946,340$901,131$887,910$982,128
58$988,374$890,793$863,161$997,677
59$1,032,978$878,232$835,867$1,009,060
60$1,080,361$863,285$805,888$1,020,384
61$1,130,751$845,779$773,079$1,031,667
62$1,184,397$825,531$737,286$1,042,938
63$1,241,571$802,348$698,351$1,054,229
64$1,302,573$776,025$656,107$1,065,580
65$1,367,729$746,344$610,380$1,077,039
66$1,437,398$713,076$560,989$1,088,666
67$1,511,974$675,977$507,743$1,100,530
68$1,591,887$634,792$450,445$1,112,710
69$1,677,610$589,248$388,886$1,125,302
70$1,769,663$539,058$322,850$1,138,418
71$1,868,615$483,918$252,112$1,152,183
72$1,975,091$423,507$176,435$1,166,746
73$2,089,778$357,486$95,573$1,182,276
74$2,213,429$285,497$9,268$1,198,967
75$2,346,874$207,161$0$1,217,040
76$2,491,021$122,079$0$1,257,958
77$2,646,872$29,827$0$1,304,708
78$2,815,525$0$0$1,355,314
79$2,998,189$0$0$1,434,114
80$3,196,192$0$0$1,530,644
81$3,410,996$0$0$1,635,453
82$3,644,206$0$0$1,749,336
83$3,897,591$0$0$1,873,168
84$4,173,093$0$0$2,007,911
85$4,472,852$0$0$2,154,623
86$4,799,221$0$0$2,314,470
87$5,154,789$0$0$2,488,734
88$5,542,405$0$0$2,678,826
89$5,965,205$0$0$2,886,299
90$6,426,642$0$0$3,112,862
91$6,930,514$0$0$3,360,398
92$7,481,005$0$0$3,630,978
93$8,082,718$0$0$3,926,884
94$8,740,723$0$0$4,250,626
95$9,460,602$0$0$4,604,972
96$10,248,502$0$0$4,992,965
97$11,111,189$0$0$5,417,959
98$12,056,116$0$0$5,883,648
99$13,091,490$0$0$6,394,099
100$14,226,351$0$0$6,953,790