Can I retire at age 57 with 801,000?

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 $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%13.8%
1 years$66,146$65,557$64,982$64,421$63,873$62,866
2 years$32,745$32,136$31,545$30,972$30,416$29,404
3 years$21,613$21,001$20,411$19,844$19,297$18,312
4 years$16,049$15,438$14,854$14,296$13,763$12,812
5 years$12,710$12,104$11,528$10,981$10,462$9,548
6 years$10,486$9,883$9,316$8,782$8,278$7,403
7 years$8,897$8,300$7,742$7,220$6,733$5,895
8 years$7,707$7,115$6,565$6,056$5,585$4,786
9 years$6,781$6,195$5,655$5,159$4,704$3,942
10 years$6,041$5,460$4,930$4,447$4,008$3,283
11 years$5,436$4,861$4,340$3,870$3,447$2,758
12 years$4,932$4,363$3,852$3,395$2,987$2,334
13 years$4,506$3,943$3,441$2,997$2,605$1,986
14 years$4,141$3,584$3,092$2,660$2,283$1,698
15 years$3,825$3,274$2,792$2,373$2,010$1,457
16 years$3,549$3,004$2,531$2,124$1,777$1,255
17 years$3,305$2,766$2,303$1,909$1,575$1,084
18 years$3,089$2,556$2,103$1,720$1,401$938
19 years$2,896$2,369$1,925$1,554$1,249$814
20 years$2,722$2,202$1,767$1,408$1,115$707
21 years$2,565$2,051$1,625$1,278$998$615
22 years$2,423$1,914$1,498$1,162$895$536
23 years$2,293$1,790$1,383$1,058$803$468
24 years$2,174$1,677$1,279$965$722$408
25 years$2,065$1,574$1,184$881$649$357
26 years$1,964$1,479$1,098$806$585$312
27 years$1,871$1,392$1,020$737$527$273
28 years$1,785$1,312$948$676$476$239
29 years$1,705$1,238$882$620$430$209
30 years$1,630$1,169$822$569$388$183
31 years$1,561$1,105$766$522$351$161
32 years$1,496$1,046$715$480$318$141
33 years$1,434$990$668$441$287$124
34 years$1,377$938$624$406$260$108
35 years$1,323$890$583$374$236$95
36 years$1,272$845$546$344$214$83
37 years$1,224$802$511$317$194$73
38 years$1,179$763$478$292$175$64
39 years$1,136$725$448$270$159$56
40 years$1,095$690$420$249$144$50
41 years$1,056$657$394$229$131$44
42 years$1,020$625$369$212$119$38
43 years$985$596$347$195$108$34
44 years$952$568$325$180$98$29
45 years$920$542$305$167$89$26
46 years$890$517$287$154$81$23
47 years$861$493$270$142$73$20
48 years$834$471$253$131$67$18
49 years$807$450$238$121$60$15
50 years$782$429$224$112$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $801,000, adding $3,578 every year, while hoping to spend $20,216 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: 82/9/9 Blend
56$801,000$801,000$801,000$801,000
57$886,393$843,940$831,524$957,664
58$955,295$863,783$837,871$1,024,686
59$1,030,548$883,921$843,752$1,095,197
60$1,112,778$904,347$849,132$1,171,996
61$1,202,674$925,053$853,970$1,255,700
62$1,300,996$946,030$858,228$1,346,992
63$1,408,580$967,268$861,861$1,446,622
64$1,526,346$988,755$864,824$1,555,417
65$1,655,309$1,010,479$867,071$1,674,287
66$1,796,583$1,032,426$868,551$1,804,234
67$1,951,399$1,054,579$869,212$1,946,365
68$2,121,111$1,076,923$869,000$2,101,894
69$2,307,210$1,099,437$867,856$2,272,164
70$2,511,337$1,122,102$865,722$2,458,649
71$2,735,303$1,144,894$862,532$2,662,978
72$2,981,099$1,167,789$858,222$2,886,942
73$3,250,920$1,190,759$852,722$3,132,516
74$3,547,184$1,213,777$845,958$3,401,874
75$3,872,554$1,236,809$837,855$3,697,413
76$4,229,964$1,259,822$828,332$4,021,775
77$4,622,645$1,282,779$817,307$4,377,867
78$5,054,159$1,305,639$804,690$4,768,896
79$5,528,427$1,328,359$790,392$5,198,393
80$6,049,771$1,350,893$774,314$5,670,251
81$6,622,951$1,373,190$756,357$6,188,757
82$7,253,214$1,395,198$736,417$6,758,636
83$7,946,336$1,416,857$714,381$7,385,094
84$8,708,686$1,438,107$690,137$8,073,869
85$9,547,278$1,458,881$663,563$8,831,282
86$10,469,841$1,479,106$634,533$9,664,299
87$11,484,891$1,498,709$602,916$10,580,595
88$12,601,811$1,517,606$568,574$11,588,630
89$13,830,938$1,535,711$531,364$12,697,723
90$15,183,664$1,552,932$491,135$13,918,146
91$16,672,541$1,569,168$447,730$15,261,216
92$18,311,397$1,584,314$400,986$16,739,406
93$20,115,471$1,598,258$350,731$18,366,459
94$22,101,555$1,610,878$296,787$20,157,521
95$24,288,151$1,622,048$238,966$22,129,280
96$26,695,644$1,631,630$177,073$24,300,130
97$29,346,500$1,639,480$110,905$26,690,336
98$32,265,472$1,645,444$40,250$29,322,234
99$35,479,837$1,649,357$0$32,220,435
100$39,019,650$1,651,045$0$35,415,437