Can I retire at age 57 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$69,201$68,585$67,983$67,396$66,823$64,633
2 years$34,258$33,620$33,002$32,402$31,821$29,634
3 years$22,612$21,971$21,354$20,760$20,188$18,075
4 years$16,790$16,151$15,540$14,957$14,398$12,375
5 years$13,298$12,663$12,060$11,488$10,945$9,016
6 years$10,970$10,340$9,746$9,187$8,661$6,828
7 years$9,308$8,684$8,099$7,553$7,044$5,307
8 years$8,063$7,443$6,869$6,336$5,843$4,201
9 years$7,094$6,481$5,916$5,397$4,921$3,372
10 years$6,320$5,712$5,158$4,652$4,193$2,734
11 years$5,687$5,086$4,541$4,049$3,606$2,235
12 years$5,160$4,564$4,030$3,551$3,125$1,839
13 years$4,714$4,125$3,600$3,135$2,725$1,520
14 years$4,332$3,749$3,235$2,783$2,389$1,262
15 years$4,002$3,425$2,921$2,482$2,103$1,051
16 years$3,713$3,143$2,648$2,223$1,859$878
17 years$3,458$2,894$2,410$1,997$1,648$735
18 years$3,232$2,674$2,200$1,800$1,465$617
19 years$3,030$2,479$2,014$1,626$1,306$518
20 years$2,848$2,303$1,848$1,473$1,167$436
21 years$2,684$2,145$1,700$1,337$1,044$367
22 years$2,535$2,003$1,567$1,215$936$309
23 years$2,399$1,873$1,447$1,107$840$261
24 years$2,275$1,755$1,338$1,009$755$220
25 years$2,160$1,647$1,239$922$679$186
26 years$2,055$1,548$1,149$843$612$157
27 years$1,958$1,457$1,067$772$552$133
28 years$1,868$1,373$992$707$498$112
29 years$1,784$1,295$923$648$450$95
30 years$1,706$1,223$860$595$406$80
31 years$1,633$1,156$802$546$367$68
32 years$1,565$1,094$748$502$332$57
33 years$1,501$1,036$698$462$301$48
34 years$1,441$982$653$425$272$41
35 years$1,384$931$610$391$247$35
36 years$1,331$884$571$360$223$29
37 years$1,281$839$534$332$202$25
38 years$1,233$798$500$306$184$21
39 years$1,188$759$469$282$166$18
40 years$1,146$722$439$260$151$15
41 years$1,105$687$412$240$137$13
42 years$1,067$654$386$222$124$11
43 years$1,030$623$363$204$113$9
44 years$996$594$340$189$102$8
45 years$963$567$320$174$93$7
46 years$931$541$300$161$84$6
47 years$901$516$282$149$77$5
48 years$872$492$265$138$70$4
49 years$845$470$249$127$63$3
50 years$818$449$234$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $838,000, adding $4,622 every year, while hoping to spend $58,803 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: 56/25/19 Blend
56$838,000$838,000$838,000$838,000
57$928,244$883,830$870,841$975,264
58$960,359$864,571$837,448$988,574
59$993,778$842,399$800,966$996,369
60$1,028,574$817,106$761,228$1,003,560
61$1,064,822$788,478$718,063$1,010,104
62$1,102,604$756,284$671,288$1,015,956
63$1,142,009$720,281$620,716$1,021,070
64$1,183,132$680,213$566,147$1,025,399
65$1,226,075$635,807$507,377$1,028,894
66$1,270,950$586,777$444,190$1,031,507
67$1,317,876$532,818$376,360$1,033,187
68$1,366,984$473,610$303,652$1,033,885
69$1,418,413$408,814$225,821$1,033,551
70$1,472,315$338,070$142,610$1,032,133
71$1,528,857$261,001$53,752$1,029,582
72$1,588,216$177,205$0$1,025,849
73$1,650,587$86,261$0$1,029,214
74$1,716,181$0$0$1,043,474
75$1,785,230$0$0$1,061,115
76$1,857,982$0$0$1,104,733
77$1,934,711$0$0$1,150,765
78$2,015,713$0$0$1,199,393
79$2,101,313$0$0$1,250,815
80$2,191,863$0$0$1,305,249
81$2,287,751$0$0$1,362,930
82$2,389,398$0$0$1,424,118
83$2,497,264$0$0$1,489,096
84$2,611,852$0$0$1,558,172
85$2,733,715$0$0$1,631,686
86$2,863,454$0$0$1,710,007
87$3,001,730$0$0$1,793,542
88$3,149,266$0$0$1,882,734
89$3,306,853$0$0$1,978,071
90$3,475,359$0$0$2,080,086
91$3,655,736$0$0$2,189,365
92$3,849,027$0$0$2,306,549
93$4,056,377$0$0$2,432,342
94$4,279,041$0$0$2,567,518
95$4,518,397$0$0$2,712,925
96$4,775,959$0$0$2,869,495
97$5,053,388$0$0$3,038,249
98$5,352,508$0$0$3,220,313
99$5,675,324$0$0$3,416,920
100$6,024,039$0$0$3,629,428