Can I retire at age 57 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$69,779$69,158$68,551$67,959$67,381$64,888
2 years$34,544$33,901$33,277$32,673$32,086$29,602
3 years$22,801$22,155$21,533$20,934$20,357$17,960
4 years$16,930$16,286$15,670$15,082$14,519$12,228
5 years$13,409$12,768$12,161$11,584$11,037$8,858
6 years$11,062$10,426$9,828$9,264$8,733$6,668
7 years$9,386$8,756$8,167$7,616$7,102$5,150
8 years$8,130$7,506$6,926$6,389$5,892$4,050
9 years$7,153$6,535$5,965$5,442$4,962$3,229
10 years$6,373$5,760$5,201$4,691$4,228$2,600
11 years$5,734$5,128$4,579$4,083$3,636$2,111
12 years$5,203$4,603$4,064$3,581$3,151$1,724
13 years$4,753$4,159$3,630$3,162$2,748$1,414
14 years$4,368$3,781$3,262$2,807$2,409$1,165
15 years$4,035$3,454$2,945$2,503$2,121$963
16 years$3,744$3,169$2,670$2,241$1,874$798
17 years$3,487$2,918$2,430$2,014$1,662$663
18 years$3,259$2,697$2,218$1,815$1,478$551
19 years$3,055$2,499$2,031$1,640$1,317$459
20 years$2,872$2,322$1,864$1,485$1,176$383
21 years$2,706$2,163$1,714$1,348$1,053$320
22 years$2,556$2,019$1,580$1,225$944$267
23 years$2,419$1,889$1,459$1,116$847$223
24 years$2,294$1,770$1,349$1,018$761$187
25 years$2,179$1,661$1,249$930$685$156
26 years$2,072$1,561$1,159$850$617$131
27 years$1,974$1,469$1,076$778$556$110
28 years$1,883$1,384$1,000$713$502$92
29 years$1,799$1,306$931$654$453$77
30 years$1,720$1,233$867$600$410$64
31 years$1,647$1,166$808$551$370$54
32 years$1,578$1,103$754$506$335$45
33 years$1,513$1,045$704$466$303$38
34 years$1,453$990$658$428$274$32
35 years$1,396$939$615$394$249$27
36 years$1,342$891$575$363$225$22
37 years$1,291$846$539$335$204$19
38 years$1,244$804$504$308$185$16
39 years$1,198$765$473$284$168$13
40 years$1,155$728$443$262$152$11
41 years$1,115$693$415$242$138$9
42 years$1,076$660$390$223$125$8
43 years$1,039$629$366$206$114$7
44 years$1,004$599$343$190$103$5
45 years$971$571$322$176$94$5
46 years$939$545$303$162$85$4
47 years$908$520$284$150$77$3
48 years$879$497$267$139$70$3
49 years$852$474$251$128$64$2
50 years$825$453$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $845,000, adding $2,690 every year, while hoping to spend $46,695 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: 63/13/24 Blend
56$845,000$845,000$845,000$845,000
57$933,965$889,180$876,082$986,757
58$979,546$883,066$855,748$1,016,652
59$1,028,212$875,089$833,167$1,043,872
60$1,080,227$865,105$808,216$1,072,561
61$1,135,882$852,968$780,764$1,102,867
62$1,195,497$838,518$750,674$1,134,956
63$1,259,421$821,589$717,805$1,169,014
64$1,328,037$802,002$682,006$1,205,245
65$1,401,767$779,570$643,124$1,243,878
66$1,481,073$754,095$600,995$1,285,166
67$1,566,463$725,366$555,448$1,329,391
68$1,658,494$693,160$506,307$1,376,866
69$1,757,777$657,242$453,385$1,427,938
70$1,864,986$617,363$396,490$1,482,991
71$1,980,860$573,259$335,417$1,542,454
72$2,106,211$524,652$269,957$1,606,799
73$2,241,932$471,247$199,887$1,676,551
74$2,389,004$412,733$124,979$1,752,294
75$2,548,506$348,781$44,990$1,834,671
76$2,721,627$279,045$0$1,924,397
77$2,909,671$203,156$0$2,032,603
78$3,114,074$120,727$0$2,162,794
79$3,336,416$31,349$0$2,304,476
80$3,578,436$0$0$2,458,797
81$3,842,045$0$0$2,636,378
82$4,129,348$0$0$2,834,865
83$4,442,662$0$0$3,051,379
84$4,784,535$0$0$3,287,689
85$5,157,775$0$0$3,545,743
86$5,565,469$0$0$3,827,683
87$6,011,018$0$0$4,135,870
88$6,498,167$0$0$4,472,902
89$7,031,036$0$0$4,841,638
90$7,614,165$0$0$5,245,230
91$8,252,551$0$0$5,687,145
92$8,951,697$0$0$6,171,202
93$9,717,663$0$0$6,701,609
94$10,557,125$0$0$7,282,996
95$11,477,431$0$0$7,920,467
96$12,486,678$0$0$8,619,639
97$13,593,783$0$0$9,386,703
98$14,808,567$0$0$10,228,475
99$16,141,848$0$0$11,152,464
100$17,605,541$0$0$12,166,941