Can I retire at age 57 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$68,871$68,257$67,659$67,075$66,504$64,739
2 years$34,095$33,460$32,844$32,247$31,669$29,903
3 years$22,504$21,866$21,252$20,661$20,092$18,380
4 years$16,710$16,074$15,466$14,885$14,330$12,685
5 years$13,234$12,602$12,002$11,433$10,893$9,321
6 years$10,918$10,291$9,700$9,143$8,619$7,121
7 years$9,264$8,642$8,061$7,517$7,010$5,585
8 years$8,024$7,408$6,836$6,306$5,815$4,463
9 years$7,060$6,450$5,888$5,371$4,897$3,617
10 years$6,290$5,685$5,133$4,630$4,173$2,963
11 years$5,660$5,061$4,519$4,030$3,589$2,447
12 years$5,135$4,543$4,011$3,535$3,110$2,034
13 years$4,691$4,105$3,583$3,120$2,712$1,700
14 years$4,311$3,732$3,220$2,770$2,377$1,427
15 years$3,982$3,409$2,907$2,470$2,093$1,203
16 years$3,695$3,128$2,635$2,212$1,850$1,016
17 years$3,441$2,880$2,398$1,987$1,640$861
18 years$3,216$2,662$2,189$1,791$1,458$730
19 years$3,015$2,467$2,004$1,618$1,300$621
20 years$2,835$2,292$1,839$1,466$1,161$529
21 years$2,671$2,135$1,692$1,330$1,039$451
22 years$2,523$1,993$1,559$1,209$931$384
23 years$2,388$1,864$1,440$1,102$836$328
24 years$2,264$1,746$1,331$1,005$751$281
25 years$2,150$1,639$1,233$918$676$240
26 years$2,045$1,540$1,144$839$609$205
27 years$1,949$1,450$1,062$768$549$176
28 years$1,859$1,366$987$704$496$151
29 years$1,775$1,289$919$645$447$129
30 years$1,698$1,217$856$592$404$110
31 years$1,625$1,151$798$544$366$95
32 years$1,557$1,089$744$500$331$81
33 years$1,494$1,031$695$460$299$70
34 years$1,434$977$649$423$271$60
35 years$1,378$927$607$389$245$51
36 years$1,325$880$568$358$222$44
37 years$1,275$835$532$330$202$38
38 years$1,227$794$498$304$183$32
39 years$1,183$755$466$281$166$28
40 years$1,140$718$437$259$150$24
41 years$1,100$684$410$239$136$20
42 years$1,062$651$385$220$124$18
43 years$1,025$620$361$204$112$15
44 years$991$591$339$188$102$13
45 years$958$564$318$174$93$11
46 years$927$538$299$160$84$10
47 years$897$513$281$148$76$8
48 years$868$490$264$137$69$7
49 years$840$468$248$126$63$6
50 years$814$447$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $834,000, adding $3,389 every year, while hoping to spend $57,596 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: 30/42/28 Blend
56$834,000$834,000$834,000$834,000
57$922,564$878,362$865,435$942,216
58$955,384$860,120$833,145$939,608
59$989,621$839,054$797,843$931,547
60$1,025,359$814,964$759,368$921,735
61$1,062,688$787,640$717,550$910,061
62$1,101,707$756,859$672,212$896,407
63$1,142,519$722,384$623,170$880,651
64$1,185,241$683,965$570,231$862,666
65$1,229,995$641,339$513,193$842,316
66$1,276,916$594,226$451,846$819,464
67$1,326,149$542,330$385,970$793,963
68$1,377,851$485,339$315,335$765,661
69$1,432,195$422,924$239,702$734,401
70$1,489,366$354,735$158,820$700,017
71$1,549,569$280,404$72,427$662,341
72$1,613,023$199,542$0$621,194
73$1,679,969$111,738$0$582,299
74$1,750,670$16,557$0$563,034
75$1,825,413$0$0$541,632
76$1,904,508$0$0$557,940
77$1,988,297$0$0$583,382
78$2,077,153$0$0$610,428
79$2,171,483$0$0$639,211
80$2,271,732$0$0$669,875
81$2,378,387$0$0$702,579
82$2,491,982$0$0$737,496
83$2,613,100$0$0$774,818
84$2,742,380$0$0$814,752
85$2,880,523$0$0$857,528
86$3,028,298$0$0$903,397
87$3,186,545$0$0$952,634
88$3,356,188$0$0$1,005,541
89$3,538,240$0$0$1,062,451
90$3,733,812$0$0$1,123,728
91$3,944,125$0$0$1,189,771
92$4,170,518$0$0$1,261,021
93$4,414,463$0$0$1,337,960
94$4,677,573$0$0$1,421,118
95$4,961,626$0$0$1,511,079
96$5,268,570$0$0$1,608,484
97$5,600,550$0$0$1,714,037
98$5,959,921$0$0$1,828,514
99$6,349,274$0$0$1,952,766
100$6,771,456$0$0$2,087,731