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%11.2%
1 years$70,440$69,813$69,200$68,603$68,019$67,676
2 years$34,871$34,222$33,592$32,982$32,390$32,044
3 years$23,017$22,364$21,737$21,132$20,550$20,211
4 years$17,090$16,440$15,819$15,224$14,656$14,327
5 years$13,536$12,889$12,276$11,694$11,141$10,824
6 years$11,167$10,525$9,921$9,352$8,816$8,510
7 years$9,475$8,839$8,244$7,688$7,170$6,875
8 years$8,207$7,577$6,992$6,450$5,948$5,665
9 years$7,221$6,597$6,022$5,494$5,009$4,738
10 years$6,433$5,815$5,250$4,736$4,268$4,008
11 years$5,789$5,177$4,622$4,121$3,671$3,422
12 years$5,252$4,646$4,102$3,615$3,181$2,944
13 years$4,798$4,199$3,665$3,192$2,774$2,548
14 years$4,410$3,817$3,293$2,833$2,431$2,216
15 years$4,073$3,487$2,973$2,527$2,141$1,936
16 years$3,779$3,199$2,696$2,262$1,892$1,697
17 years$3,520$2,946$2,453$2,033$1,678$1,493
18 years$3,290$2,722$2,239$1,832$1,492$1,316
19 years$3,084$2,523$2,050$1,655$1,330$1,163
20 years$2,899$2,344$1,881$1,499$1,188$1,030
21 years$2,732$2,184$1,730$1,361$1,063$914
22 years$2,580$2,038$1,595$1,237$953$812
23 years$2,442$1,907$1,472$1,127$855$722
24 years$2,315$1,786$1,362$1,028$769$643
25 years$2,199$1,676$1,261$938$692$574
26 years$2,092$1,575$1,170$858$623$512
27 years$1,993$1,483$1,086$785$562$457
28 years$1,901$1,397$1,010$720$507$409
29 years$1,816$1,318$940$660$458$366
30 years$1,736$1,245$875$606$414$327
31 years$1,662$1,177$816$556$374$293
32 years$1,593$1,113$761$511$338$262
33 years$1,528$1,054$711$470$306$235
34 years$1,466$999$664$432$277$211
35 years$1,409$948$621$398$251$189
36 years$1,355$900$581$367$227$170
37 years$1,304$854$544$338$206$152
38 years$1,255$812$509$311$187$137
39 years$1,210$772$477$287$169$123
40 years$1,166$735$447$265$154$110
41 years$1,125$699$419$244$139$99
42 years$1,086$666$393$225$127$89
43 years$1,049$635$369$208$115$80
44 years$1,013$605$346$192$104$72
45 years$980$577$325$177$95$64
46 years$948$550$306$164$86$58
47 years$917$525$287$151$78$52
48 years$888$501$270$140$71$47
49 years$860$479$254$129$64$42
50 years$833$457$238$120$58$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $853,000, adding $5,978 every year, while hoping to spend $45,109 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: 81/8/11 Blend
56$853,000$853,000$853,000$853,000
57$946,172$900,963$887,742$1,020,548
58$994,686$897,115$869,486$1,066,341
59$1,046,637$891,566$849,106$1,110,067
60$1,102,327$884,186$826,484$1,156,726
61$1,162,088$874,835$801,496$1,206,590
62$1,226,287$863,367$774,011$1,259,958
63$1,295,321$849,626$743,894$1,317,157
64$1,369,632$833,446$711,002$1,378,550
65$1,449,702$814,652$675,188$1,444,538
66$1,536,060$793,058$636,295$1,515,559
67$1,629,289$768,469$594,162$1,592,098
68$1,730,029$740,676$548,619$1,674,691
69$1,838,983$709,460$499,488$1,763,926
70$1,956,923$674,588$446,586$1,860,453
71$2,084,700$635,814$389,717$1,964,988
72$2,223,248$592,877$328,680$2,078,321
73$2,373,593$545,502$263,265$2,201,320
74$2,536,866$493,398$193,252$2,334,946
75$2,714,310$436,258$118,409$2,480,257
76$2,907,292$373,757$38,498$2,638,417
77$3,117,316$305,551$0$2,810,714
78$3,346,036$231,277$0$3,004,054
79$3,595,275$150,553$0$3,219,689
80$3,867,037$62,974$0$3,454,852
81$4,163,527$0$0$3,711,474
82$4,487,174$0$0$3,994,492
83$4,840,650$0$0$4,309,670
84$5,226,898$0$0$4,654,091
85$5,649,157$0$0$5,030,644
86$6,110,994$0$0$5,442,513
87$6,616,335$0$0$5,893,204
88$7,169,504$0$0$6,386,575
89$7,775,264$0$0$6,926,876
90$8,438,856$0$0$7,518,788
91$9,166,056$0$0$8,167,463
92$9,963,224$0$0$8,878,579
93$10,837,363$0$0$9,658,387
94$11,796,187$0$0$10,513,772
95$12,848,194$0$0$11,452,319
96$14,002,743$0$0$12,482,381
97$15,270,143$0$0$13,613,160
98$16,661,750$0$0$14,854,792
99$18,190,074$0$0$16,218,443
100$19,868,894$0$0$17,716,413