Can I retire at age 57 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$66,228$65,638$65,063$64,501$63,953$62,841
2 years$32,786$32,176$31,584$31,010$30,454$29,338
3 years$21,640$21,027$20,437$19,869$19,321$18,235
4 years$16,069$15,457$14,873$14,314$13,780$12,732
5 years$12,726$12,119$11,542$10,995$10,475$9,469
6 years$10,499$9,896$9,328$8,792$8,289$7,325
7 years$8,909$8,310$7,751$7,229$6,741$5,820
8 years$7,716$7,124$6,574$6,064$5,592$4,714
9 years$6,789$6,202$5,662$5,165$4,710$3,874
10 years$6,048$5,467$4,936$4,452$4,013$3,218
11 years$5,443$4,867$4,346$3,875$3,451$2,697
12 years$4,938$4,368$3,857$3,399$2,991$2,276
13 years$4,511$3,948$3,446$3,001$2,608$1,932
14 years$4,146$3,588$3,096$2,664$2,286$1,647
15 years$3,830$3,278$2,795$2,376$2,013$1,410
16 years$3,553$3,008$2,534$2,127$1,779$1,211
17 years$3,309$2,770$2,306$1,911$1,577$1,043
18 years$3,093$2,559$2,105$1,722$1,402$900
19 years$2,900$2,372$1,927$1,556$1,250$778
20 years$2,726$2,204$1,769$1,409$1,117$674
21 years$2,569$2,053$1,627$1,279$999$585
22 years$2,426$1,917$1,499$1,163$896$508
23 years$2,296$1,793$1,384$1,059$804$442
24 years$2,177$1,679$1,280$966$723$384
25 years$2,068$1,576$1,186$882$650$335
26 years$1,967$1,481$1,100$807$586$292
27 years$1,874$1,394$1,021$738$528$255
28 years$1,787$1,314$949$677$477$222
29 years$1,707$1,239$884$620$430$194
30 years$1,633$1,170$823$569$389$169
31 years$1,563$1,106$767$523$351$148
32 years$1,497$1,047$716$481$318$129
33 years$1,436$991$668$442$288$113
34 years$1,379$940$625$407$261$99
35 years$1,325$891$584$374$236$86
36 years$1,274$846$546$345$214$76
37 years$1,226$803$511$318$194$66
38 years$1,180$764$479$293$176$58
39 years$1,137$726$449$270$159$51
40 years$1,096$691$420$249$144$44
41 years$1,058$658$394$230$131$39
42 years$1,021$626$370$212$119$34
43 years$986$597$347$196$108$30
44 years$953$569$326$181$98$26
45 years$921$542$306$167$89$23
46 years$891$517$287$154$81$20
47 years$862$494$270$142$73$17
48 years$835$471$254$132$67$15
49 years$808$450$238$122$60$13
50 years$783$430$224$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $802,000, adding $3,377 every year, while hoping to spend $42,246 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: 42/43/15 Blend
56$802,000$802,000$802,000$802,000
57$887,287$844,781$832,350$920,523
58$932,841$841,226$815,285$940,696
59$981,626$836,081$796,231$958,099
60$1,033,926$829,223$775,079$976,033
61$1,090,054$820,523$751,712$994,569
62$1,150,353$809,842$726,008$1,013,782
63$1,215,200$797,035$697,840$1,033,763
64$1,285,008$781,947$667,075$1,054,611
65$1,360,230$764,414$633,574$1,076,443
66$1,441,366$744,263$597,191$1,099,388
67$1,528,964$721,310$557,775$1,123,592
68$1,623,624$695,361$515,167$1,149,224
69$1,726,009$666,209$469,201$1,176,469
70$1,836,846$633,637$419,703$1,205,541
71$1,956,934$597,415$366,492$1,236,676
72$2,087,152$557,299$309,381$1,270,143
73$2,228,466$513,031$248,170$1,306,243
74$2,381,940$464,340$182,653$1,345,312
75$2,548,742$410,937$112,617$1,387,729
76$2,730,160$352,519$37,835$1,433,918
77$2,927,607$288,763$0$1,484,352
78$3,142,642$219,331$0$1,546,279
79$3,376,977$143,865$0$1,620,471
80$3,632,499$61,984$0$1,701,569
81$3,911,283$0$0$1,790,353
82$4,215,613$0$0$1,900,328
83$4,548,005$0$0$2,052,571
84$4,911,226$0$0$2,219,033
85$5,308,324$0$0$2,401,122
86$5,742,655$0$0$2,600,391
87$6,217,914$0$0$2,818,547
88$6,738,168$0$0$3,057,472
89$7,307,898$0$0$3,319,238
90$7,932,038$0$0$3,606,125
91$8,616,020$0$0$3,920,647
92$9,365,827$0$0$4,265,572
93$10,188,051$0$0$4,643,947
94$11,089,950$0$0$5,059,129
95$12,079,517$0$0$5,514,818
96$13,165,560$0$0$6,015,086
97$14,357,778$0$0$6,564,421
98$15,666,856$0$0$7,167,765
99$17,104,565$0$0$7,830,564
100$18,683,870$0$0$8,558,817