Can I retire at age 57 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$69,449$68,830$68,227$67,638$67,063$65,601
2 years$34,381$33,740$33,120$32,518$31,935$30,470
3 years$22,693$22,050$21,431$20,835$20,261$18,838
4 years$16,850$16,209$15,596$15,010$14,450$13,080
5 years$13,345$12,708$12,103$11,529$10,985$9,672
6 years$11,009$10,377$9,781$9,220$8,692$7,438
7 years$9,342$8,715$8,128$7,580$7,069$5,873
8 years$8,091$7,470$6,893$6,359$5,864$4,727
9 years$7,120$6,504$5,937$5,416$4,939$3,858
10 years$6,343$5,733$5,176$4,669$4,208$3,184
11 years$5,707$5,104$4,557$4,063$3,619$2,650
12 years$5,178$4,581$4,044$3,564$3,136$2,220
13 years$4,731$4,140$3,613$3,147$2,735$1,871
14 years$4,348$3,763$3,247$2,793$2,397$1,583
15 years$4,016$3,437$2,931$2,491$2,111$1,345
16 years$3,726$3,154$2,658$2,230$1,865$1,146
17 years$3,470$2,905$2,418$2,004$1,654$979
18 years$3,243$2,684$2,208$1,806$1,471$839
19 years$3,041$2,487$2,021$1,632$1,311$719
20 years$2,858$2,311$1,855$1,478$1,171$618
21 years$2,694$2,153$1,706$1,341$1,048$532
22 years$2,544$2,010$1,572$1,220$939$458
23 years$2,408$1,880$1,452$1,111$843$395
24 years$2,283$1,761$1,343$1,013$758$341
25 years$2,168$1,653$1,244$925$682$294
26 years$2,063$1,553$1,153$846$614$254
27 years$1,965$1,462$1,071$774$554$220
28 years$1,874$1,378$996$709$500$190
29 years$1,790$1,300$926$651$451$164
30 years$1,712$1,227$863$597$408$142
31 years$1,639$1,160$805$548$369$123
32 years$1,570$1,098$751$504$333$107
33 years$1,506$1,040$701$463$302$92
34 years$1,446$985$655$426$273$80
35 years$1,389$935$612$393$247$69
36 years$1,336$887$573$362$224$60
37 years$1,285$842$536$333$203$52
38 years$1,238$801$502$307$184$45
39 years$1,193$761$470$283$167$39
40 years$1,150$724$441$261$152$34
41 years$1,109$689$413$241$137$29
42 years$1,071$657$388$222$125$25
43 years$1,034$626$364$205$113$22
44 years$999$596$342$189$103$19
45 years$966$569$321$175$93$17
46 years$934$543$301$162$85$14
47 years$904$518$283$149$77$12
48 years$875$494$266$138$70$11
49 years$848$472$250$128$63$9
50 years$821$451$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $841,000, adding $5,580 every year, while hoping to spend $20,967 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: 69/13/18 Blend
56$841,000$841,000$841,000$841,000
57$932,538$887,965$874,929$992,461
58$1,005,348$909,166$881,931$1,054,342
59$1,084,882$930,704$888,464$1,119,028
60$1,171,804$952,572$894,491$1,189,285
61$1,266,844$974,764$899,973$1,265,660
62$1,370,806$997,272$904,866$1,348,755
63$1,484,578$1,020,088$909,129$1,439,234
64$1,609,133$1,043,201$912,713$1,537,831
65$1,745,547$1,066,600$915,571$1,645,349
66$1,895,002$1,090,272$917,652$1,762,680
67$2,058,801$1,114,204$918,902$1,890,799
68$2,238,378$1,138,380$919,264$2,030,787
69$2,435,313$1,162,781$918,681$2,183,832
70$2,651,348$1,187,390$917,089$2,351,242
71$2,888,399$1,212,186$914,425$2,534,461
72$3,148,577$1,237,144$910,620$2,735,078
73$3,434,209$1,262,241$905,602$2,954,845
74$3,747,856$1,287,449$899,298$3,195,693
75$4,092,340$1,312,737$891,628$3,459,750
76$4,470,772$1,338,074$882,510$3,749,359
77$4,886,576$1,363,425$871,859$4,067,105
78$5,343,524$1,388,750$859,584$4,415,835
79$5,845,775$1,414,011$845,592$4,798,687
80$6,397,908$1,439,161$829,782$5,219,117
81$7,004,967$1,464,153$812,053$5,680,939
82$7,672,513$1,488,935$792,296$6,188,350
83$8,406,669$1,513,453$770,398$6,745,980
84$9,214,184$1,537,646$746,240$7,358,929
85$10,102,490$1,561,451$719,699$8,032,819
86$11,079,781$1,584,798$690,646$8,773,845
87$12,155,081$1,607,615$658,944$9,588,834
88$13,338,333$1,629,823$624,454$10,485,310
89$14,640,496$1,651,337$587,025$11,471,567
90$16,073,641$1,672,067$546,506$12,556,744
91$17,651,071$1,691,918$502,732$13,750,911
92$19,387,444$1,710,785$455,537$15,065,169
93$21,298,910$1,728,560$404,744$16,511,751
94$23,403,264$1,745,124$350,168$18,104,138
95$25,720,116$1,760,355$291,618$19,857,189
96$28,271,073$1,774,118$228,893$21,787,277
97$31,079,945$1,786,271$161,783$23,912,449
98$34,172,965$1,796,665$90,069$26,252,591
99$37,579,044$1,805,138$13,523$28,829,622
100$41,330,037$1,811,520$0$31,667,697