Can I retire at age 57 with 804,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$66,394$65,802$65,225$64,662$64,112$63,788
2 years$32,868$32,256$31,663$31,088$30,530$30,203
3 years$21,694$21,080$20,488$19,918$19,369$19,050
4 years$16,109$15,496$14,910$14,350$13,814$13,504
5 years$12,758$12,149$11,571$11,022$10,501$10,202
6 years$10,525$9,920$9,351$8,814$8,309$8,021
7 years$8,931$8,331$7,771$7,247$6,758$6,480
8 years$7,736$7,141$6,590$6,079$5,606$5,340
9 years$6,806$6,218$5,676$5,178$4,721$4,466
10 years$6,063$5,481$4,949$4,464$4,023$3,778
11 years$5,456$4,879$4,357$3,885$3,460$3,226
12 years$4,950$4,379$3,866$3,407$2,998$2,775
13 years$4,523$3,958$3,454$3,008$2,614$2,401
14 years$4,156$3,597$3,104$2,670$2,292$2,089
15 years$3,839$3,286$2,802$2,381$2,018$1,825
16 years$3,562$3,015$2,541$2,132$1,783$1,600
17 years$3,318$2,777$2,312$1,916$1,581$1,407
18 years$3,101$2,566$2,110$1,727$1,406$1,241
19 years$2,907$2,378$1,932$1,560$1,253$1,096
20 years$2,733$2,210$1,773$1,413$1,119$971
21 years$2,575$2,058$1,631$1,282$1,002$861
22 years$2,432$1,921$1,503$1,166$898$765
23 years$2,302$1,797$1,388$1,062$806$681
24 years$2,182$1,684$1,284$969$724$607
25 years$2,073$1,580$1,189$884$652$541
26 years$1,972$1,485$1,103$809$587$483
27 years$1,878$1,398$1,024$740$529$431
28 years$1,792$1,317$952$678$478$385
29 years$1,712$1,242$886$622$431$345
30 years$1,637$1,173$825$571$390$308
31 years$1,567$1,109$769$524$352$276
32 years$1,501$1,049$718$482$319$247
33 years$1,440$994$670$443$288$222
34 years$1,382$942$626$408$261$199
35 years$1,328$893$585$375$237$178
36 years$1,277$848$548$346$214$160
37 years$1,229$805$513$318$194$143
38 years$1,183$765$480$293$176$129
39 years$1,140$728$450$271$160$116
40 years$1,099$692$421$250$145$104
41 years$1,060$659$395$230$131$93
42 years$1,024$628$371$213$119$84
43 years$989$598$348$196$108$75
44 years$955$570$327$181$98$68
45 years$924$544$307$167$89$61
46 years$893$519$288$155$81$55
47 years$864$495$271$143$74$49
48 years$837$473$254$132$67$44
49 years$810$451$239$122$61$40
50 years$785$431$225$113$55$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $804,000, adding $2,455 every year, while hoping to spend $21,756 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: 46/43/11 Blend
56$804,000$804,000$804,000$804,000
57$888,540$845,928$833,466$926,563
58$956,023$864,231$838,239$971,410
59$1,029,660$882,701$842,443$1,017,600
60$1,110,056$901,323$846,035$1,067,216
61$1,197,876$920,083$848,972$1,120,586
62$1,293,854$938,961$851,207$1,178,066
63$1,398,796$957,939$852,691$1,240,051
64$1,513,591$976,996$853,374$1,306,977
65$1,639,216$996,108$853,201$1,379,323
66$1,776,749$1,015,250$852,116$1,457,618
67$1,927,377$1,034,396$850,061$1,542,443
68$2,092,404$1,053,516$846,973$1,634,441
69$2,273,269$1,072,579$842,787$1,734,320
70$2,471,557$1,091,550$837,435$1,842,858
71$2,689,013$1,110,393$830,846$1,960,917
72$2,927,558$1,129,067$822,945$2,089,444
73$3,189,309$1,147,532$813,653$2,229,484
74$3,476,597$1,165,740$802,889$2,382,189
75$3,791,991$1,183,642$790,567$2,548,828
76$4,138,320$1,201,186$776,597$2,730,803
77$4,518,700$1,218,316$760,885$2,929,657
78$4,936,565$1,234,970$743,331$3,147,092
79$5,395,696$1,251,085$723,834$3,384,984
80$5,900,259$1,266,591$702,285$3,645,402
81$6,454,846$1,281,414$678,572$3,930,627
82$7,064,512$1,295,475$652,576$4,243,173
83$7,734,829$1,308,690$624,174$4,585,812
84$8,471,936$1,320,970$593,238$4,961,602
85$9,282,594$1,332,218$559,632$5,373,911
86$10,174,254$1,342,333$523,215$5,826,455
87$11,155,126$1,351,205$483,841$6,323,329
88$12,234,255$1,358,720$441,356$6,869,049
89$13,421,606$1,364,755$395,598$7,468,593
90$14,728,160$1,369,178$346,401$8,127,450
91$16,166,015$1,371,850$293,588$8,851,670
92$17,748,502$1,372,624$236,977$9,647,924
93$19,490,310$1,371,343$176,376$10,523,564
94$21,407,623$1,367,841$111,586$11,486,697
95$23,518,275$1,361,939$42,399$12,546,261
96$25,841,916$1,353,452$0$13,712,107
97$28,400,200$1,342,179$0$14,998,786
98$31,216,984$1,327,909$0$16,420,131
99$34,318,559$1,310,420$0$17,984,387
100$37,733,894$1,289,472$0$19,706,130