Can I retire at age 57 with 854,000?

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 $854,000?

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 years$70,523$69,894$69,281$68,683$68,099$67,529
2 years$34,912$34,262$33,632$33,021$32,428$31,853
3 years$23,044$22,391$21,762$21,157$20,574$20,012
4 years$17,110$16,459$15,837$15,242$14,673$14,129
5 years$13,551$12,904$12,290$11,708$11,154$10,630
6 years$11,180$10,537$9,932$9,363$8,826$8,321
7 years$9,486$8,849$8,254$7,697$7,178$6,693
8 years$8,217$7,585$7,000$6,457$5,955$5,490
9 years$7,230$6,605$6,029$5,500$5,015$4,570
10 years$6,441$5,822$5,256$4,741$4,273$3,848
11 years$5,795$5,183$4,628$4,126$3,675$3,269
12 years$5,258$4,652$4,107$3,619$3,185$2,798
13 years$4,804$4,204$3,669$3,195$2,777$2,409
14 years$4,415$3,821$3,297$2,836$2,434$2,085
15 years$4,078$3,491$2,977$2,530$2,143$1,811
16 years$3,784$3,203$2,699$2,265$1,894$1,579
17 years$3,524$2,949$2,456$2,035$1,680$1,381
18 years$3,294$2,725$2,242$1,834$1,493$1,211
19 years$3,088$2,526$2,052$1,657$1,331$1,064
20 years$2,902$2,347$1,883$1,501$1,189$937
21 years$2,735$2,186$1,732$1,362$1,064$827
22 years$2,583$2,041$1,597$1,239$954$730
23 years$2,445$1,909$1,474$1,128$856$646
24 years$2,318$1,788$1,363$1,029$770$572
25 years$2,202$1,678$1,263$940$692$506
26 years$2,094$1,577$1,171$859$624$449
27 years$1,995$1,484$1,088$786$562$399
28 years$1,903$1,399$1,011$720$507$354
29 years$1,818$1,320$941$661$458$315
30 years$1,738$1,246$876$606$414$280
31 years$1,664$1,178$817$557$374$249
32 years$1,595$1,115$762$512$339$222
33 years$1,529$1,056$712$471$306$197
34 years$1,468$1,001$665$433$277$176
35 years$1,411$949$622$399$251$156
36 years$1,356$901$582$367$228$139
37 years$1,305$855$544$338$206$124
38 years$1,257$813$510$312$187$111
39 years$1,211$773$478$287$170$99
40 years$1,168$736$448$265$154$88
41 years$1,126$700$420$245$140$79
42 years$1,087$667$394$226$127$70
43 years$1,050$635$369$208$115$62
44 years$1,015$606$347$192$104$56
45 years$981$577$326$178$95$50
46 years$949$551$306$164$86$44
47 years$918$526$287$152$78$40
48 years$889$502$270$140$71$35
49 years$861$479$254$130$64$32
50 years$834$458$239$120$59$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $854,000, adding $2,668 every year, while hoping to spend $30,290 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: 48/43/9 Blend
56$854,000$854,000$854,000$854,000
57$943,860$898,598$885,361$986,746
58$1,007,905$910,401$882,792$1,028,263
59$1,077,468$921,767$879,122$1,069,919
60$1,153,079$932,643$874,282$1,114,446
61$1,235,323$942,972$868,200$1,162,122
62$1,324,840$952,692$860,800$1,213,251
63$1,422,340$961,740$852,002$1,268,171
64$1,528,599$970,045$841,724$1,327,255
65$1,644,473$977,535$829,879$1,390,913
66$1,770,906$984,130$816,376$1,459,602
67$1,908,933$989,748$801,120$1,533,823
68$2,059,697$994,298$784,010$1,614,130
69$2,224,455$997,687$764,943$1,701,137
70$2,404,590$999,815$743,810$1,795,519
71$2,601,626$1,000,573$720,495$1,898,024
72$2,817,240$999,850$694,880$2,009,478
73$3,053,279$997,524$666,840$2,130,790
74$3,311,779$993,467$636,244$2,262,968
75$3,594,977$987,544$602,955$2,407,123
76$3,905,342$979,611$566,831$2,564,481
77$4,245,590$969,515$527,723$2,736,396
78$4,618,713$957,094$485,475$2,924,365
79$5,028,008$942,177$439,924$3,130,038
80$5,477,102$924,582$390,899$3,355,236
81$5,969,997$904,116$338,224$3,601,973
82$6,511,094$880,576$281,712$3,872,469
83$7,105,247$853,745$221,171$4,169,174
84$7,757,798$823,395$156,396$4,494,794
85$8,474,636$789,284$87,178$4,852,314
86$9,262,247$751,156$13,296$5,245,029
87$10,127,774$708,741$0$5,676,575
88$11,079,089$661,752$0$6,157,260
89$12,124,865$609,886$0$6,686,987
90$13,274,655$552,824$0$7,269,387
91$14,538,984$490,227$0$7,909,877
92$15,929,450$421,737$0$8,614,427
93$17,458,829$346,978$0$9,389,628
94$19,141,199$265,549$0$10,242,744
95$20,992,070$177,030$0$11,181,791
96$23,028,531$80,975$0$12,215,606
97$25,269,413$0$0$13,353,938
98$27,735,462$0$0$14,618,462
99$30,449,538$0$0$16,052,446
100$33,436,829$0$0$17,630,898