Can I retire at age 57 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$66,311$65,720$65,144$64,582$64,032$62,358
2 years$32,827$32,216$31,623$31,049$30,492$28,816
3 years$21,667$21,053$20,462$19,893$19,345$17,721
4 years$16,089$15,476$14,891$14,332$13,797$12,237
5 years$12,742$12,134$11,556$11,008$10,488$8,996
6 years$10,512$9,908$9,339$8,803$8,299$6,876
7 years$8,920$8,321$7,761$7,238$6,749$5,396
8 years$7,726$7,132$6,582$6,072$5,599$4,315
9 years$6,798$6,210$5,669$5,172$4,715$3,499
10 years$6,056$5,474$4,942$4,458$4,018$2,868
11 years$5,449$4,873$4,351$3,880$3,455$2,370
12 years$4,944$4,374$3,862$3,403$2,994$1,972
13 years$4,517$3,953$3,450$3,004$2,611$1,649
14 years$4,151$3,593$3,100$2,667$2,289$1,385
15 years$3,834$3,282$2,799$2,379$2,015$1,168
16 years$3,558$3,011$2,538$2,130$1,781$987
17 years$3,314$2,773$2,309$1,914$1,579$837
18 years$3,097$2,563$2,108$1,724$1,404$711
19 years$2,903$2,375$1,930$1,558$1,252$605
20 years$2,729$2,207$1,771$1,411$1,118$515
21 years$2,572$2,056$1,629$1,281$1,000$440
22 years$2,429$1,919$1,501$1,165$897$375
23 years$2,299$1,795$1,386$1,061$805$321
24 years$2,180$1,682$1,282$967$724$274
25 years$2,070$1,578$1,187$883$651$235
26 years$1,969$1,483$1,101$808$586$201
27 years$1,876$1,396$1,023$739$529$172
28 years$1,790$1,315$951$677$477$148
29 years$1,709$1,241$885$621$431$127
30 years$1,635$1,172$824$570$389$109
31 years$1,565$1,108$768$524$352$93
32 years$1,499$1,048$717$481$318$80
33 years$1,438$993$669$442$288$69
34 years$1,381$941$625$407$261$59
35 years$1,326$892$585$375$236$51
36 years$1,275$847$547$345$214$43
37 years$1,227$804$512$318$194$37
38 years$1,182$764$479$293$176$32
39 years$1,139$727$449$270$160$27
40 years$1,098$692$421$249$145$24
41 years$1,059$658$395$230$131$20
42 years$1,022$627$370$212$119$17
43 years$987$597$347$196$108$15
44 years$954$569$326$181$98$13
45 years$922$543$306$167$89$11
46 years$892$518$288$154$81$9
47 years$863$494$270$143$73$8
48 years$836$472$254$132$67$7
49 years$809$451$239$122$61$6
50 years$784$430$224$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $803,000, adding $5,474 every year, while hoping to spend $45,069 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: 68/12/20 Blend
56$803,000$803,000$803,000$803,000
57$890,552$847,993$835,547$946,335
58$933,436$841,592$815,585$977,930
59$979,183$833,366$793,443$1,006,722
60$1,028,037$823,180$769,002$1,037,125
61$1,080,268$810,887$742,135$1,069,296
62$1,136,169$796,333$712,709$1,103,407
63$1,196,062$779,357$680,588$1,139,652
64$1,260,299$759,785$645,627$1,178,244
65$1,329,270$737,434$607,676$1,219,418
66$1,403,399$712,112$566,576$1,263,438
67$1,483,152$683,613$522,164$1,310,594
68$1,569,044$651,720$474,267$1,361,207
69$1,661,638$616,205$422,705$1,415,633
70$1,761,551$576,825$367,292$1,474,266
71$1,869,463$533,324$307,831$1,537,545
72$1,986,122$485,430$244,117$1,605,951
73$2,112,348$432,858$175,936$1,680,020
74$2,249,045$375,305$103,067$1,760,345
75$2,397,203$312,451$25,275$1,847,581
76$2,557,914$243,957$0$1,942,452
77$2,732,378$169,468$0$2,058,082
78$2,921,914$88,605$0$2,189,595
79$3,127,974$972$0$2,332,626
80$3,352,155$0$0$2,488,320
81$3,596,214$0$0$2,670,331
82$3,862,085$0$0$2,868,791
83$4,151,894$0$0$3,085,166
84$4,467,984$0$0$3,321,209
85$4,812,932$0$0$3,578,852
86$5,189,576$0$0$3,860,218
87$5,601,037$0$0$4,167,648
88$6,050,754$0$0$4,503,718
89$6,542,512$0$0$4,871,262
90$7,080,478$0$0$5,273,402
91$7,669,243$0$0$5,713,577
92$8,313,857$0$0$6,195,572
93$9,019,887$0$0$6,723,555
94$9,793,458$0$0$7,302,118
95$10,641,321$0$0$7,936,316
96$11,570,907$0$0$8,631,718
97$12,590,403$0$0$9,394,457
98$13,708,823$0$0$10,231,288
99$14,936,100$0$0$11,149,651
100$16,283,172$0$0$12,157,742