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%16.6%
1 years$66,228$65,638$65,063$64,501$63,953$62,230
2 years$32,786$32,176$31,584$31,010$30,454$28,730
3 years$21,640$21,027$20,437$19,869$19,321$17,651
4 years$16,069$15,457$14,873$14,314$13,780$12,176
5 years$12,726$12,119$11,542$10,995$10,475$8,942
6 years$10,499$9,896$9,328$8,792$8,289$6,828
7 years$8,909$8,310$7,751$7,229$6,741$5,352
8 years$7,716$7,124$6,574$6,064$5,592$4,275
9 years$6,789$6,202$5,662$5,165$4,710$3,462
10 years$6,048$5,467$4,936$4,452$4,013$2,834
11 years$5,443$4,867$4,346$3,875$3,451$2,339
12 years$4,938$4,368$3,857$3,399$2,991$1,944
13 years$4,511$3,948$3,446$3,001$2,608$1,623
14 years$4,146$3,588$3,096$2,664$2,286$1,362
15 years$3,830$3,278$2,795$2,376$2,013$1,146
16 years$3,553$3,008$2,534$2,127$1,779$968
17 years$3,309$2,770$2,306$1,911$1,577$819
18 years$3,093$2,559$2,105$1,722$1,402$695
19 years$2,900$2,372$1,927$1,556$1,250$590
20 years$2,726$2,204$1,769$1,409$1,117$502
21 years$2,569$2,053$1,627$1,279$999$428
22 years$2,426$1,917$1,499$1,163$896$365
23 years$2,296$1,793$1,384$1,059$804$311
24 years$2,177$1,679$1,280$966$723$266
25 years$2,068$1,576$1,186$882$650$227
26 years$1,967$1,481$1,100$807$586$194
27 years$1,874$1,394$1,021$738$528$166
28 years$1,787$1,314$949$677$477$142
29 years$1,707$1,239$884$620$430$122
30 years$1,633$1,170$823$569$389$104
31 years$1,563$1,106$767$523$351$89
32 years$1,497$1,047$716$481$318$76
33 years$1,436$991$668$442$288$65
34 years$1,379$940$625$407$261$56
35 years$1,325$891$584$374$236$48
36 years$1,274$846$546$345$214$41
37 years$1,226$803$511$318$194$35
38 years$1,180$764$479$293$176$30
39 years$1,137$726$449$270$159$26
40 years$1,096$691$420$249$144$22
41 years$1,058$658$394$230$131$19
42 years$1,021$626$370$212$119$16
43 years$986$597$347$196$108$14
44 years$953$569$326$181$98$12
45 years$921$542$306$167$89$10
46 years$891$517$287$154$81$9
47 years$862$494$270$142$73$8
48 years$835$471$254$132$67$6
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 $4,534 every year, while hoping to spend $28,457 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: 72/10/18 Blend
56$802,000$802,000$802,000$802,000
57$888,481$845,975$833,544$948,369
58$948,828$857,150$831,190$999,934
59$1,014,376$867,918$827,803$1,052,523
60$1,085,627$878,231$823,318$1,109,386
61$1,163,131$888,033$817,669$1,170,944
62$1,247,493$897,270$810,784$1,237,657
63$1,339,381$905,879$802,588$1,310,033
64$1,439,527$913,797$793,004$1,388,635
65$1,548,739$920,953$781,951$1,474,080
66$1,667,906$927,276$769,342$1,567,049
67$1,798,006$932,685$755,088$1,668,294
68$1,940,115$937,099$739,096$1,778,644
69$2,095,418$940,429$721,267$1,899,010
70$2,265,221$942,580$701,500$2,030,400
71$2,450,960$943,453$679,687$2,173,923
72$2,654,217$942,942$655,715$2,330,803
73$2,876,734$940,933$629,468$2,502,387
74$3,120,429$937,306$600,824$2,690,164
75$3,387,414$931,936$569,653$2,895,771
76$3,680,016$924,686$535,822$3,121,015
77$4,000,797$915,415$499,191$3,367,889
78$4,352,577$903,970$459,613$3,638,587
79$4,738,466$890,190$416,936$3,935,532
80$5,161,887$873,906$371,000$4,261,391
81$5,626,609$854,937$321,638$4,619,107
82$6,136,786$833,093$268,677$5,011,923
83$6,696,994$808,170$211,933$5,443,413
84$7,312,272$779,955$151,217$5,917,519
85$7,988,173$748,221$86,332$6,438,586
86$8,730,811$712,729$17,069$7,011,403
87$9,546,926$673,225$0$7,641,250
88$10,443,940$629,441$0$8,344,864
89$11,430,032$581,093$0$9,121,950
90$12,514,210$527,881$0$9,976,345
91$13,706,401$469,489$0$10,915,890
92$15,017,541$405,582$0$11,949,228
93$16,459,681$335,805$0$13,085,881
94$18,046,094$259,785$0$14,336,343
95$19,791,409$177,128$0$15,712,179
96$21,711,741$87,415$0$17,226,131
97$23,824,847$0$0$18,892,242
98$26,150,293$0$0$20,727,064
99$28,709,638$0$0$22,757,069
100$31,526,634$0$0$24,991,484