Can I retire at age 57 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$69,036$68,421$67,821$67,236$66,664$65,968
2 years$34,176$33,540$32,923$32,325$31,745$31,044
3 years$22,558$21,919$21,303$20,711$20,140$19,456
4 years$16,750$16,113$15,503$14,921$14,364$13,702
5 years$13,266$12,632$12,031$11,461$10,919$10,281
6 years$10,944$10,315$9,723$9,165$8,640$8,027
7 years$9,286$8,663$8,080$7,535$7,027$6,439
8 years$8,043$7,426$6,852$6,321$5,829$5,266
9 years$7,077$6,465$5,902$5,384$4,909$4,371
10 years$6,305$5,699$5,145$4,641$4,183$3,669
11 years$5,673$5,073$4,530$4,039$3,597$3,108
12 years$5,147$4,554$4,020$3,543$3,117$2,652
13 years$4,703$4,115$3,592$3,128$2,718$2,276
14 years$4,322$3,741$3,227$2,777$2,383$1,963
15 years$3,992$3,417$2,914$2,476$2,098$1,700
16 years$3,704$3,135$2,642$2,217$1,854$1,477
17 years$3,450$2,887$2,404$1,992$1,644$1,287
18 years$3,224$2,668$2,194$1,795$1,462$1,125
19 years$3,023$2,473$2,009$1,622$1,303$985
20 years$2,841$2,298$1,844$1,469$1,164$864
21 years$2,678$2,140$1,696$1,333$1,042$759
22 years$2,529$1,998$1,563$1,212$934$668
23 years$2,393$1,869$1,443$1,104$838$588
24 years$2,269$1,751$1,335$1,007$753$519
25 years$2,155$1,643$1,236$920$678$458
26 years$2,050$1,544$1,146$841$611$405
27 years$1,953$1,453$1,065$770$550$358
28 years$1,863$1,369$990$705$497$316
29 years$1,780$1,292$921$647$449$280
30 years$1,702$1,220$858$594$405$248
31 years$1,629$1,153$800$545$366$220
32 years$1,561$1,091$746$501$331$195
33 years$1,497$1,033$697$461$300$173
34 years$1,437$979$651$424$272$153
35 years$1,381$929$609$390$246$136
36 years$1,328$882$569$359$223$121
37 years$1,278$837$533$331$202$107
38 years$1,230$796$499$305$183$95
39 years$1,185$757$468$281$166$84
40 years$1,143$720$438$260$151$75
41 years$1,103$685$411$239$137$66
42 years$1,064$653$385$221$124$59
43 years$1,028$622$362$204$113$52
44 years$993$593$340$188$102$47
45 years$960$565$319$174$93$41
46 years$929$539$299$161$84$37
47 years$899$515$281$148$76$33
48 years$870$491$264$137$69$29
49 years$843$469$248$127$63$26
50 years$816$448$234$117$57$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $836,000, adding $6,642 every year, while hoping to spend $44,326 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: 35/42/23 Blend
56$836,000$836,000$836,000$836,000
57$928,123$883,815$870,857$953,937
58$975,629$879,960$852,868$969,742
59$1,026,495$874,430$832,791$982,247
60$1,081,017$867,096$810,509$994,846
61$1,139,520$857,822$785,900$1,007,577
62$1,202,359$846,464$758,836$1,020,480
63$1,269,926$832,867$729,184$1,033,610
64$1,342,650$816,869$696,803$1,047,025
65$1,421,003$798,298$661,548$1,060,798
66$1,505,501$776,971$623,266$1,075,011
67$1,596,715$752,695$581,798$1,089,761
68$1,695,268$725,265$536,976$1,105,159
69$1,801,848$694,466$488,628$1,121,334
70$1,917,210$660,068$436,570$1,138,433
71$2,042,182$621,829$380,612$1,156,625
72$2,177,679$579,492$320,557$1,176,100
73$2,324,703$532,788$256,196$1,197,078
74$2,484,358$481,430$187,314$1,219,807
75$2,657,858$425,115$113,684$1,244,569
76$2,846,537$363,524$35,071$1,271,681
77$3,051,866$296,318$0$1,301,503
78$3,275,459$223,141$0$1,346,422
79$3,519,097$143,616$0$1,404,876
80$3,784,737$57,345$0$1,468,829
81$4,074,533$0$0$1,538,926
82$4,390,856$0$0$1,632,566
83$4,736,317$0$0$1,763,889
84$5,113,789$0$0$1,907,498
85$5,526,435$0$0$2,064,612
86$5,977,740$0$0$2,236,572
87$6,471,537$0$0$2,424,854
88$7,012,049$0$0$2,631,087
89$7,603,927$0$0$2,857,060
90$8,252,291$0$0$3,104,747
91$8,962,780$0$0$3,376,321
92$9,741,605$0$0$3,674,174
93$10,595,605$0$0$4,000,942
94$11,532,315$0$0$4,359,529
95$12,560,031$0$0$4,753,132
96$13,687,895$0$0$5,185,274
97$14,925,973$0$0$5,659,835
98$16,285,355$0$0$6,181,089
99$17,778,257$0$0$6,753,746
100$19,418,138$0$0$7,382,993