Can I retire at age 57 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$69,119$68,503$67,902$67,316$66,744$65,210
2 years$34,217$33,580$32,962$32,363$31,783$30,246
3 years$22,585$21,945$21,329$20,736$20,164$18,672
4 years$16,770$16,132$15,522$14,939$14,381$12,946
5 years$13,282$12,648$12,046$11,474$10,932$9,557
6 years$10,957$10,328$9,735$9,176$8,650$7,337
7 years$9,297$8,673$8,090$7,544$7,035$5,784
8 years$8,053$7,434$6,861$6,329$5,836$4,647
9 years$7,086$6,473$5,909$5,391$4,915$3,787
10 years$6,312$5,706$5,152$4,647$4,188$3,119
11 years$5,680$5,079$4,535$4,044$3,602$2,591
12 years$5,153$4,559$4,025$3,547$3,121$2,167
13 years$4,708$4,120$3,596$3,132$2,722$1,822
14 years$4,327$3,745$3,231$2,780$2,386$1,539
15 years$3,997$3,421$2,917$2,479$2,101$1,305
16 years$3,708$3,139$2,645$2,220$1,857$1,109
17 years$3,454$2,891$2,407$1,995$1,646$946
18 years$3,228$2,671$2,197$1,797$1,464$808
19 years$3,026$2,476$2,011$1,624$1,305$692
20 years$2,845$2,300$1,846$1,471$1,165$593
21 years$2,681$2,143$1,698$1,335$1,043$509
22 years$2,532$2,000$1,565$1,214$935$437
23 years$2,396$1,871$1,445$1,105$839$376
24 years$2,272$1,753$1,336$1,008$754$324
25 years$2,158$1,645$1,238$921$679$279
26 years$2,053$1,546$1,148$842$611$240
27 years$1,956$1,455$1,066$771$551$207
28 years$1,865$1,371$991$706$497$179
29 years$1,782$1,293$922$647$449$154
30 years$1,704$1,221$859$594$406$133
31 years$1,631$1,155$801$546$367$115
32 years$1,563$1,093$747$502$332$99
33 years$1,499$1,035$698$461$300$86
34 years$1,439$981$652$424$272$74
35 years$1,383$930$609$391$246$64
36 years$1,329$883$570$360$223$55
37 years$1,279$838$534$331$202$48
38 years$1,232$797$500$306$183$41
39 years$1,187$758$468$282$166$36
40 years$1,144$721$439$260$151$31
41 years$1,104$686$411$240$137$27
42 years$1,066$654$386$221$124$23
43 years$1,029$623$362$204$113$20
44 years$994$594$340$189$102$17
45 years$961$566$319$174$93$15
46 years$930$540$300$161$84$13
47 years$900$515$282$149$77$11
48 years$871$492$265$137$70$10
49 years$844$470$249$127$63$8
50 years$817$449$234$117$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $837,000, adding $3,720 every year, while hoping to spend $56,303 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: 34/49/17 Blend
56$837,000$837,000$837,000$837,000
57$926,211$881,850$868,877$952,723
58$960,779$865,155$838,078$955,786
59$996,985$845,754$804,361$953,577
60$1,034,938$823,457$767,567$949,997
61$1,074,755$798,059$727,534$944,957
62$1,116,561$769,346$684,088$938,362
63$1,160,496$737,089$637,050$930,116
64$1,206,708$701,048$586,233$920,119
65$1,255,362$660,968$531,441$908,267
66$1,306,633$616,580$472,468$894,451
67$1,360,715$567,599$409,102$878,560
68$1,417,819$513,722$341,118$860,479
69$1,478,175$454,633$268,283$840,089
70$1,542,033$389,993$190,355$817,270
71$1,609,666$319,449$107,078$791,895
72$1,681,374$242,624$18,186$763,838
73$1,757,482$159,121$0$732,968
74$1,838,350$68,522$0$713,061
75$1,924,366$0$0$694,501
76$2,015,958$0$0$689,873
77$2,113,596$0$0$724,393
78$2,217,790$0$0$761,306
79$2,329,104$0$0$800,819
80$2,448,152$0$0$843,160
81$2,575,610$0$0$888,582
82$2,712,217$0$0$937,358
83$2,858,786$0$0$989,790
84$3,016,208$0$0$1,046,211
85$3,185,460$0$0$1,106,983
86$3,367,616$0$0$1,172,507
87$3,563,855$0$0$1,243,222
88$3,775,472$0$0$1,319,610
89$4,003,890$0$0$1,402,202
90$4,250,670$0$0$1,491,579
91$4,517,531$0$0$1,588,383
92$4,806,361$0$0$1,693,318
93$5,119,234$0$0$1,807,158
94$5,458,433$0$0$1,930,756
95$5,826,468$0$0$2,065,047
96$6,226,097$0$0$2,211,062
97$6,660,355$0$0$2,369,936
98$7,132,583$0$0$2,542,915
99$7,646,454$0$0$2,731,372
100$8,206,010$0$0$2,936,818