Can I retire at age 57 with 801,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$66,146$65,557$64,982$64,421$63,873$62,815
2 years$32,745$32,136$31,545$30,972$30,416$29,353
3 years$21,613$21,001$20,411$19,844$19,297$18,262
4 years$16,049$15,438$14,854$14,296$13,763$12,764
5 years$12,710$12,104$11,528$10,981$10,462$9,503
6 years$10,486$9,883$9,316$8,782$8,278$7,359
7 years$8,897$8,300$7,742$7,220$6,733$5,854
8 years$7,707$7,115$6,565$6,056$5,585$4,747
9 years$6,781$6,195$5,655$5,159$4,704$3,905
10 years$6,041$5,460$4,930$4,447$4,008$3,248
11 years$5,436$4,861$4,340$3,870$3,447$2,726
12 years$4,932$4,363$3,852$3,395$2,987$2,303
13 years$4,506$3,943$3,441$2,997$2,605$1,958
14 years$4,141$3,584$3,092$2,660$2,283$1,671
15 years$3,825$3,274$2,792$2,373$2,010$1,433
16 years$3,549$3,004$2,531$2,124$1,777$1,232
17 years$3,305$2,766$2,303$1,909$1,575$1,063
18 years$3,089$2,556$2,103$1,720$1,401$918
19 years$2,896$2,369$1,925$1,554$1,249$795
20 years$2,722$2,202$1,767$1,408$1,115$690
21 years$2,565$2,051$1,625$1,278$998$600
22 years$2,423$1,914$1,498$1,162$895$522
23 years$2,293$1,790$1,383$1,058$803$454
24 years$2,174$1,677$1,279$965$722$396
25 years$2,065$1,574$1,184$881$649$345
26 years$1,964$1,479$1,098$806$585$302
27 years$1,871$1,392$1,020$737$527$263
28 years$1,785$1,312$948$676$476$230
29 years$1,705$1,238$882$620$430$201
30 years$1,630$1,169$822$569$388$176
31 years$1,561$1,105$766$522$351$154
32 years$1,496$1,046$715$480$318$135
33 years$1,434$990$668$441$287$118
34 years$1,377$938$624$406$260$103
35 years$1,323$890$583$374$236$91
36 years$1,272$845$546$344$214$79
37 years$1,224$802$511$317$194$70
38 years$1,179$763$478$292$175$61
39 years$1,136$725$448$270$159$53
40 years$1,095$690$420$249$144$47
41 years$1,056$657$394$229$131$41
42 years$1,020$625$369$212$119$36
43 years$985$596$347$195$108$32
44 years$952$568$325$180$98$28
45 years$920$542$305$167$89$24
46 years$890$517$287$154$81$21
47 years$861$493$270$142$73$19
48 years$834$471$253$131$67$16
49 years$807$450$238$121$60$14
50 years$782$429$224$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $801,000, adding $4,650 every year, while hoping to spend $30,149 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: 38/41/21 Blend
56$801,000$801,000$801,000$801,000
57$887,498$845,045$832,630$915,488
58$945,945$854,374$828,445$945,497
59$1,009,343$863,150$823,109$974,728
60$1,078,165$871,313$816,552$1,005,704
61$1,152,931$878,801$808,700$1,038,601
62$1,234,215$885,547$799,477$1,073,612
63$1,322,646$891,480$788,800$1,110,953
64$1,418,916$896,524$776,586$1,150,863
65$1,523,790$900,597$762,745$1,193,608
66$1,638,105$903,615$747,185$1,239,482
67$1,762,785$905,485$729,809$1,288,812
68$1,898,846$906,111$710,515$1,341,959
69$2,047,408$905,390$689,197$1,399,325
70$2,209,702$903,213$665,744$1,461,354
71$2,387,084$899,463$640,038$1,528,539
72$2,581,046$894,016$611,960$1,601,426
73$2,793,233$886,743$581,380$1,680,619
74$3,025,454$877,505$548,168$1,766,788
75$3,279,702$866,154$512,183$1,860,674
76$3,558,171$852,535$473,280$1,963,098
77$3,863,278$836,482$431,309$2,074,968
78$4,197,684$817,822$386,110$2,197,288
79$4,564,321$796,368$337,517$2,331,172
80$4,966,417$771,925$285,359$2,477,848
81$5,407,527$744,286$229,454$2,638,679
82$5,891,568$713,229$169,615$2,815,167
83$6,422,855$678,524$105,644$3,008,979
84$7,006,139$639,924$37,335$3,221,952
85$7,646,654$597,170$0$3,456,122
86$8,350,168$549,986$0$3,721,705
87$9,123,032$498,082$0$4,022,662
88$9,972,244$441,151$0$4,353,418
89$10,905,514$378,869$0$4,717,059
90$11,931,334$310,891$0$5,116,996
91$13,059,062$236,857$0$5,556,990
92$14,299,006$156,383$0$6,041,193
93$15,662,525$69,065$0$6,574,187
94$17,162,130$0$0$7,161,028
95$18,811,608$0$0$7,818,810
96$20,626,151$0$0$8,576,817
97$22,622,492$0$0$9,410,897
98$24,819,074$0$0$10,328,769
99$27,236,213$0$0$11,338,939
100$29,896,297$0$0$12,450,781