Can I retire at age 57 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$70,605$69,976$69,363$68,764$68,179$67,863
2 years$34,953$34,302$33,671$33,059$32,466$32,147
3 years$23,071$22,417$21,787$21,182$20,598$20,286
4 years$17,130$16,479$15,856$15,260$14,691$14,388
5 years$13,567$12,920$12,305$11,721$11,168$10,875
6 years$11,193$10,550$9,944$9,374$8,836$8,555
7 years$9,497$8,860$8,264$7,707$7,186$6,915
8 years$8,226$7,594$7,008$6,465$5,962$5,701
9 years$7,238$6,612$6,036$5,507$5,021$4,771
10 years$6,448$5,828$5,262$4,747$4,278$4,039
11 years$5,802$5,189$4,633$4,131$3,679$3,450
12 years$5,264$4,657$4,112$3,624$3,188$2,970
13 years$4,810$4,209$3,673$3,199$2,780$2,572
14 years$4,420$3,826$3,301$2,840$2,437$2,238
15 years$4,083$3,495$2,980$2,533$2,146$1,957
16 years$3,788$3,206$2,702$2,268$1,897$1,717
17 years$3,528$2,953$2,459$2,037$1,682$1,511
18 years$3,297$2,729$2,244$1,836$1,495$1,333
19 years$3,091$2,529$2,055$1,659$1,333$1,179
20 years$2,906$2,350$1,886$1,503$1,190$1,045
21 years$2,738$2,189$1,734$1,364$1,065$928
22 years$2,586$2,043$1,599$1,240$955$825
23 years$2,448$1,911$1,476$1,129$857$734
24 years$2,321$1,790$1,365$1,030$770$655
25 years$2,204$1,680$1,264$941$693$584
26 years$2,097$1,579$1,173$860$624$522
27 years$1,998$1,486$1,089$787$563$466
28 years$1,906$1,400$1,012$721$508$417
29 years$1,820$1,321$942$661$459$373
30 years$1,740$1,248$877$607$414$335
31 years$1,666$1,179$818$557$375$300
32 years$1,596$1,116$763$512$339$269
33 years$1,531$1,057$713$471$307$241
34 years$1,470$1,002$666$433$278$216
35 years$1,412$950$622$399$252$194
36 years$1,358$902$582$368$228$174
37 years$1,307$856$545$339$207$156
38 years$1,258$814$510$312$187$141
39 years$1,212$774$478$288$170$126
40 years$1,169$736$448$265$154$113
41 years$1,128$701$420$245$140$102
42 years$1,089$668$394$226$127$92
43 years$1,051$636$370$209$115$82
44 years$1,016$606$347$193$104$74
45 years$982$578$326$178$95$67
46 years$950$552$306$164$86$60
47 years$919$526$288$152$78$54
48 years$890$502$270$140$71$48
49 years$862$480$254$130$64$44
50 years$835$458$239$120$59$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $855,000, adding $4,079 every year, while hoping to spend $34,747 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: 55/38/7 Blend
56$855,000$855,000$855,000$855,000
57$946,417$901,102$887,850$996,728
58$1,005,982$908,286$880,622$1,038,344
59$1,070,457$914,657$871,988$1,079,427
60$1,140,307$920,139$861,863$1,123,309
61$1,216,043$924,650$850,160$1,170,259
62$1,298,225$928,104$836,787$1,220,578
63$1,387,472$930,409$821,648$1,274,596
64$1,484,463$931,468$804,641$1,332,678
65$1,589,943$931,175$785,662$1,395,228
66$1,704,736$929,421$764,600$1,462,692
67$1,829,745$926,088$741,340$1,535,564
68$1,965,965$921,053$715,761$1,614,388
69$2,114,492$914,183$687,737$1,699,767
70$2,276,530$905,338$657,137$1,792,365
71$2,453,407$894,370$623,821$1,892,918
72$2,646,582$881,122$587,647$2,002,238
73$2,857,663$865,427$548,463$2,121,222
74$3,088,421$847,109$506,112$2,250,861
75$3,340,802$825,980$460,430$2,392,249
76$3,616,954$801,842$411,244$2,546,597
77$3,919,238$774,487$358,375$2,715,239
78$4,250,255$743,692$301,636$2,899,650
79$4,612,871$709,223$240,830$3,101,459
80$5,010,239$670,831$175,754$3,322,464
81$5,445,836$628,253$106,194$3,564,652
82$5,923,486$581,213$31,927$3,830,215
83$6,447,406$529,416$0$4,121,575
84$7,022,236$472,553$0$4,444,937
85$7,653,091$410,295$0$4,802,493
86$8,345,603$342,295$0$5,195,131
87$9,105,975$268,189$0$5,626,466
88$9,941,043$187,588$0$6,100,485
89$10,858,335$100,086$0$6,621,589
90$11,866,145$5,250$0$7,194,634
91$12,973,609$0$0$7,824,974
92$14,190,794$0$0$8,559,238
93$15,528,789$0$0$9,368,881
94$16,999,812$0$0$10,259,109
95$18,617,322$0$0$11,238,081
96$20,396,149$0$0$12,314,783
97$22,352,632$0$0$13,499,116
98$24,504,772$0$0$14,801,991
99$26,872,405$0$0$16,235,427
100$29,477,383$0$0$17,812,668