Can I retire at age 57 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$66,476$65,884$65,306$64,742$64,192$62,640
2 years$32,909$32,296$31,702$31,126$30,568$29,013
3 years$21,721$21,106$20,513$19,943$19,393$17,885
4 years$16,129$15,515$14,928$14,368$13,831$12,382
5 years$12,774$12,164$11,585$11,036$10,514$9,126
6 years$10,538$9,933$9,362$8,825$8,320$6,995
7 years$8,942$8,342$7,780$7,256$6,766$5,505
8 years$7,745$7,150$6,598$6,087$5,613$4,415
9 years$6,815$6,226$5,683$5,185$4,727$3,591
10 years$6,071$5,488$4,955$4,469$4,028$2,952
11 years$5,463$4,885$4,362$3,889$3,464$2,448
12 years$4,956$4,385$3,871$3,412$3,002$2,043
13 years$4,528$3,963$3,459$3,012$2,618$1,715
14 years$4,162$3,602$3,108$2,674$2,295$1,445
15 years$3,844$3,290$2,806$2,384$2,020$1,223
16 years$3,566$3,019$2,544$2,135$1,786$1,037
17 years$3,322$2,780$2,315$1,918$1,583$882
18 years$3,105$2,569$2,113$1,729$1,408$752
19 years$2,910$2,381$1,934$1,562$1,255$642
20 years$2,736$2,213$1,775$1,415$1,121$549
21 years$2,578$2,061$1,633$1,284$1,003$470
22 years$2,435$1,924$1,505$1,167$899$403
23 years$2,305$1,799$1,390$1,063$807$346
24 years$2,185$1,686$1,285$970$725$297
25 years$2,075$1,582$1,190$886$653$255
26 years$1,974$1,487$1,104$810$588$220
27 years$1,881$1,399$1,025$741$530$189
28 years$1,794$1,319$953$679$478$163
29 years$1,714$1,244$887$623$432$140
30 years$1,639$1,175$826$572$390$120
31 years$1,569$1,110$770$525$353$104
32 years$1,503$1,051$719$482$319$89
33 years$1,442$995$671$444$289$77
34 years$1,384$943$627$408$261$66
35 years$1,330$895$586$376$237$57
36 years$1,279$849$548$346$215$49
37 years$1,230$806$513$319$194$43
38 years$1,185$766$481$294$176$37
39 years$1,141$729$450$271$160$32
40 years$1,101$693$422$250$145$27
41 years$1,062$660$396$231$132$24
42 years$1,025$629$371$213$119$20
43 years$990$599$348$196$108$18
44 years$956$571$327$181$98$15
45 years$925$544$307$168$89$13
46 years$894$519$288$155$81$11
47 years$865$496$271$143$74$10
48 years$838$473$255$132$67$8
49 years$811$452$239$122$61$7
50 years$786$432$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $805,000, adding $4,264 every year, while hoping to spend $27,985 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: 48/36/16 Blend
56$805,000$805,000$805,000$805,000
57$891,508$848,843$836,366$930,114
58$952,666$860,661$834,608$969,096
59$1,019,125$872,119$831,854$1,008,189
60$1,091,394$883,172$828,040$1,050,029
61$1,170,037$893,768$823,100$1,094,885
62$1,255,672$903,854$816,965$1,143,051
63$1,348,980$913,373$809,563$1,194,854
64$1,450,711$922,262$800,818$1,250,655
65$1,561,688$930,458$790,650$1,310,852
66$1,682,819$937,889$778,976$1,375,886
67$1,815,104$944,483$765,708$1,446,242
68$1,959,641$950,160$750,757$1,522,457
69$2,117,643$954,836$734,025$1,605,125
70$2,290,441$958,422$715,414$1,694,900
71$2,479,505$960,823$694,819$1,792,506
72$2,686,448$961,937$672,129$1,898,741
73$2,913,053$961,659$647,232$2,014,487
74$3,161,277$959,873$620,007$2,140,719
75$3,433,280$956,459$590,330$2,278,512
76$3,731,437$951,289$558,069$2,429,053
77$4,058,368$944,226$523,089$2,593,652
78$4,416,955$935,126$485,246$2,773,758
79$4,810,374$923,837$444,391$2,970,967
80$5,242,122$910,195$400,368$3,187,043
81$5,716,053$894,029$353,015$3,423,932
82$6,236,411$875,157$302,161$3,683,782
83$6,807,871$853,386$247,630$3,968,965
84$7,435,584$828,512$189,235$4,282,096
85$8,125,222$800,318$126,783$4,626,064
86$8,883,036$768,575$60,072$5,004,055
87$9,715,913$733,042$0$5,419,585
88$10,631,437$693,462$0$5,878,432
89$11,637,967$649,564$0$6,394,047
90$12,744,709$601,063$0$6,960,924
91$13,961,808$547,654$0$7,584,315
92$15,300,442$489,019$0$8,270,012
93$16,772,924$424,817$0$9,024,400
94$18,392,822$354,693$0$9,854,520
95$20,175,085$278,268$0$10,768,137
96$22,136,184$195,144$0$11,773,813
97$24,294,267$104,898$0$12,880,987
98$26,669,331$7,086$0$14,100,070
99$29,283,408$0$0$15,442,537
100$32,160,776$0$0$16,960,167