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%16.3%
1 years$66,228$65,638$65,063$64,501$63,953$62,305
2 years$32,786$32,176$31,584$31,010$30,454$28,805
3 years$21,640$21,027$20,437$19,869$19,321$17,723
4 years$16,069$15,457$14,873$14,314$13,780$12,244
5 years$12,726$12,119$11,542$10,995$10,475$9,006
6 years$10,499$9,896$9,328$8,792$8,289$6,888
7 years$8,909$8,310$7,751$7,229$6,741$5,408
8 years$7,716$7,124$6,574$6,064$5,592$4,327
9 years$6,789$6,202$5,662$5,165$4,710$3,511
10 years$6,048$5,467$4,936$4,452$4,013$2,880
11 years$5,443$4,867$4,346$3,875$3,451$2,381
12 years$4,938$4,368$3,857$3,399$2,991$1,982
13 years$4,511$3,948$3,446$3,001$2,608$1,659
14 years$4,146$3,588$3,096$2,664$2,286$1,395
15 years$3,830$3,278$2,795$2,376$2,013$1,177
16 years$3,553$3,008$2,534$2,127$1,779$996
17 years$3,309$2,770$2,306$1,911$1,577$844
18 years$3,093$2,559$2,105$1,722$1,402$718
19 years$2,900$2,372$1,927$1,556$1,250$611
20 years$2,726$2,204$1,769$1,409$1,117$521
21 years$2,569$2,053$1,627$1,279$999$445
22 years$2,426$1,917$1,499$1,163$896$380
23 years$2,296$1,793$1,384$1,059$804$325
24 years$2,177$1,679$1,280$966$723$278
25 years$2,068$1,576$1,186$882$650$238
26 years$1,967$1,481$1,100$807$586$204
27 years$1,874$1,394$1,021$738$528$175
28 years$1,787$1,314$949$677$477$150
29 years$1,707$1,239$884$620$430$129
30 years$1,633$1,170$823$569$389$111
31 years$1,563$1,106$767$523$351$95
32 years$1,497$1,047$716$481$318$82
33 years$1,436$991$668$442$288$70
34 years$1,379$940$625$407$261$60
35 years$1,325$891$584$374$236$52
36 years$1,274$846$546$345$214$44
37 years$1,226$803$511$318$194$38
38 years$1,180$764$479$293$176$33
39 years$1,137$726$449$270$159$28
40 years$1,096$691$420$249$144$24
41 years$1,058$658$394$230$131$21
42 years$1,021$626$370$212$119$18
43 years$986$597$347$196$108$15
44 years$953$569$326$181$98$13
45 years$921$542$306$167$89$11
46 years$891$517$287$154$81$10
47 years$862$494$270$142$73$8
48 years$835$471$254$132$67$7
49 years$808$450$238$122$60$6
50 years$783$430$224$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $802,000, adding $4,118 every year, while hoping to spend $39,103 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: 50/26/24 Blend
56$802,000$802,000$802,000$802,000
57$888,052$845,546$833,115$926,272
58$937,028$845,372$819,419$953,104
59$989,689$843,880$803,953$977,971
60$1,046,369$840,962$786,618$1,004,204
61$1,107,437$836,507$767,308$1,031,947
62$1,173,295$830,395$745,912$1,061,364
63$1,244,387$822,500$722,316$1,092,636
64$1,321,200$812,688$696,399$1,125,966
65$1,404,269$800,817$668,035$1,161,577
66$1,494,183$786,736$637,093$1,199,721
67$1,591,588$770,284$603,434$1,240,676
68$1,697,196$751,295$566,916$1,284,754
69$1,811,790$729,587$527,387$1,332,297
70$1,936,228$704,973$484,690$1,383,691
71$2,071,458$677,251$438,661$1,439,362
72$2,218,519$646,209$389,129$1,499,781
73$2,378,558$611,623$335,915$1,565,476
74$2,552,834$573,256$278,831$1,637,028
75$2,742,734$530,856$217,682$1,715,085
76$2,949,782$484,158$152,265$1,800,366
77$3,175,660$432,881$82,365$1,893,666
78$3,422,214$376,729$7,761$1,995,867
79$3,691,480$315,389$0$2,107,949
80$3,985,697$248,529$0$2,249,394
81$4,307,332$175,801$0$2,406,322
82$4,659,098$96,834$0$2,578,137
83$5,043,987$11,239$0$2,766,379
84$5,465,288$0$0$2,972,749
85$5,926,626$0$0$3,222,413
86$6,431,993$0$0$3,499,511
87$6,985,785$0$0$3,803,247
88$7,592,841$0$0$4,136,289
89$8,258,495$0$0$4,501,572
90$8,988,617$0$0$4,902,330
91$9,789,676$0$0$5,342,126
92$10,668,796$0$0$5,824,884
93$11,633,824$0$0$6,354,925
94$12,693,405$0$0$6,937,012
95$13,857,060$0$0$7,576,389
96$15,135,279$0$0$8,278,834
97$16,539,618$0$0$9,050,712
98$18,082,807$0$0$9,899,037
99$19,778,869$0$0$10,831,532
100$21,643,256$0$0$11,856,711