Can I retire at age 57 with 804,000?

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 $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%11.5%
1 years$66,394$65,802$65,225$64,662$64,112$63,708
2 years$32,868$32,256$31,663$31,088$30,530$30,122
3 years$21,694$21,080$20,488$19,918$19,369$18,971
4 years$16,109$15,496$14,910$14,350$13,814$13,428
5 years$12,758$12,149$11,571$11,022$10,501$10,128
6 years$10,525$9,920$9,351$8,814$8,309$7,950
7 years$8,931$8,331$7,771$7,247$6,758$6,413
8 years$7,736$7,141$6,590$6,079$5,606$5,275
9 years$6,806$6,218$5,676$5,178$4,721$4,404
10 years$6,063$5,481$4,949$4,464$4,023$3,719
11 years$5,456$4,879$4,357$3,885$3,460$3,170
12 years$4,950$4,379$3,866$3,407$2,998$2,721
13 years$4,523$3,958$3,454$3,008$2,614$2,351
14 years$4,156$3,597$3,104$2,670$2,292$2,041
15 years$3,839$3,286$2,802$2,381$2,018$1,779
16 years$3,562$3,015$2,541$2,132$1,783$1,557
17 years$3,318$2,777$2,312$1,916$1,581$1,366
18 years$3,101$2,566$2,110$1,727$1,406$1,202
19 years$2,907$2,378$1,932$1,560$1,253$1,060
20 years$2,733$2,210$1,773$1,413$1,119$937
21 years$2,575$2,058$1,631$1,282$1,002$829
22 years$2,432$1,921$1,503$1,166$898$735
23 years$2,302$1,797$1,388$1,062$806$653
24 years$2,182$1,684$1,284$969$724$580
25 years$2,073$1,580$1,189$884$652$516
26 years$1,972$1,485$1,103$809$587$459
27 years$1,878$1,398$1,024$740$529$409
28 years$1,792$1,317$952$678$478$365
29 years$1,712$1,242$886$622$431$326
30 years$1,637$1,173$825$571$390$291
31 years$1,567$1,109$769$524$352$260
32 years$1,501$1,049$718$482$319$232
33 years$1,440$994$670$443$288$207
34 years$1,382$942$626$408$261$186
35 years$1,328$893$585$375$237$166
36 years$1,277$848$548$346$214$148
37 years$1,229$805$513$318$194$133
38 years$1,183$765$480$293$176$119
39 years$1,140$728$450$271$160$107
40 years$1,099$692$421$250$145$95
41 years$1,060$659$395$230$131$85
42 years$1,024$628$371$213$119$77
43 years$989$598$348$196$108$69
44 years$955$570$327$181$98$61
45 years$924$544$307$167$89$55
46 years$893$519$288$155$81$49
47 years$864$495$271$143$74$44
48 years$837$473$254$132$67$40
49 years$810$451$239$122$61$36
50 years$785$431$225$113$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $804,000, adding $5,508 every year, while hoping to spend $47,668 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: 69/21/10 Blend
56$804,000$804,000$804,000$804,000
57$891,690$849,078$836,616$951,053
58$931,923$839,964$813,924$982,032
59$974,664$828,806$788,874$1,009,618
60$1,020,115$815,454$761,337$1,038,530
61$1,068,503$799,747$731,178$1,068,889
62$1,120,073$781,517$698,256$1,100,831
63$1,175,095$760,586$662,421$1,134,506
64$1,233,863$736,763$623,521$1,170,080
65$1,296,701$709,849$581,393$1,207,740
66$1,363,964$679,630$535,869$1,247,690
67$1,436,040$645,884$486,772$1,290,159
68$1,513,356$608,372$433,918$1,335,400
69$1,596,379$566,843$377,116$1,383,693
70$1,685,623$521,032$316,163$1,435,351
71$1,781,653$470,658$250,850$1,490,717
72$1,885,086$415,426$180,959$1,550,176
73$1,996,604$355,020$106,259$1,614,152
74$2,116,952$289,111$26,514$1,683,115
75$2,246,951$217,348$0$1,757,587
76$2,387,504$139,361$0$1,844,397
77$2,539,601$54,762$0$1,941,358
78$2,704,332$0$0$2,046,376
79$2,882,895$0$0$2,168,786
80$3,076,607$0$0$2,315,346
81$3,286,917$0$0$2,474,504
82$3,515,418$0$0$2,647,470
83$3,763,863$0$0$2,835,577
84$4,034,180$0$0$3,040,290
85$4,328,491$0$0$3,263,221
86$4,649,132$0$0$3,506,145
87$4,998,670$0$0$3,771,014
88$5,379,934$0$0$4,059,979
89$5,796,036$0$0$4,375,404
90$6,250,402$0$0$4,719,893
91$6,746,802$0$0$5,096,314
92$7,289,390$0$0$5,507,821
93$7,882,736$0$0$5,957,891
94$8,531,873$0$0$6,450,348
95$9,242,343$0$0$6,989,406
96$10,020,247$0$0$7,579,702
97$10,872,306$0$0$8,226,347
98$11,805,919$0$0$8,934,965
99$12,829,237$0$0$9,711,752
100$13,951,236$0$0$10,563,532