Can I retire at age 57 with 805,000?

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 $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%11.6%
1 years$66,476$65,884$65,306$64,742$64,192$63,761
2 years$32,909$32,296$31,702$31,126$30,568$30,133
3 years$21,721$21,106$20,513$19,943$19,393$18,968
4 years$16,129$15,515$14,928$14,368$13,831$13,419
5 years$12,774$12,164$11,585$11,036$10,514$10,117
6 years$10,538$9,933$9,362$8,825$8,320$7,937
7 years$8,942$8,342$7,780$7,256$6,766$6,398
8 years$7,745$7,150$6,598$6,087$5,613$5,260
9 years$6,815$6,226$5,683$5,185$4,727$4,389
10 years$6,071$5,488$4,955$4,469$4,028$3,704
11 years$5,463$4,885$4,362$3,889$3,464$3,155
12 years$4,956$4,385$3,871$3,412$3,002$2,707
13 years$4,528$3,963$3,459$3,012$2,618$2,337
14 years$4,162$3,602$3,108$2,674$2,295$2,027
15 years$3,844$3,290$2,806$2,384$2,020$1,766
16 years$3,566$3,019$2,544$2,135$1,786$1,544
17 years$3,322$2,780$2,315$1,918$1,583$1,354
18 years$3,105$2,569$2,113$1,729$1,408$1,191
19 years$2,910$2,381$1,934$1,562$1,255$1,050
20 years$2,736$2,213$1,775$1,415$1,121$927
21 years$2,578$2,061$1,633$1,284$1,003$820
22 years$2,435$1,924$1,505$1,167$899$726
23 years$2,305$1,799$1,390$1,063$807$644
24 years$2,185$1,686$1,285$970$725$572
25 years$2,075$1,582$1,190$886$653$508
26 years$1,974$1,487$1,104$810$588$452
27 years$1,881$1,399$1,025$741$530$403
28 years$1,794$1,319$953$679$478$359
29 years$1,714$1,244$887$623$432$320
30 years$1,639$1,175$826$572$390$285
31 years$1,569$1,110$770$525$353$255
32 years$1,503$1,051$719$482$319$227
33 years$1,442$995$671$444$289$203
34 years$1,384$943$627$408$261$182
35 years$1,330$895$586$376$237$162
36 years$1,279$849$548$346$215$145
37 years$1,230$806$513$319$194$130
38 years$1,185$766$481$294$176$116
39 years$1,141$729$450$271$160$104
40 years$1,101$693$422$250$145$93
41 years$1,062$660$396$231$132$83
42 years$1,025$629$371$213$119$74
43 years$990$599$348$196$108$67
44 years$956$571$327$181$98$60
45 years$925$544$307$168$89$53
46 years$894$519$288$155$81$48
47 years$865$496$271$143$74$43
48 years$838$473$255$132$67$38
49 years$811$452$239$122$61$34
50 years$786$432$225$113$55$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $805,000, adding $2,052 every year, while hoping to spend $44,096 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: 63/8/29 Blend
56$805,000$805,000$805,000$805,000
57$889,227$846,562$834,084$938,221
58$933,010$841,125$815,108$966,294
59$979,781$833,945$794,019$991,957
60$1,029,799$824,888$770,698$1,019,051
61$1,083,346$813,815$745,024$1,047,725
62$1,140,732$800,577$716,867$1,078,142
63$1,202,299$785,017$686,095$1,110,487
64$1,268,420$766,970$652,565$1,144,963
65$1,339,505$746,257$616,132$1,181,796
66$1,416,004$722,694$576,643$1,221,236
67$1,498,413$696,082$533,936$1,263,563
68$1,587,273$666,212$487,845$1,309,087
69$1,683,182$632,863$438,195$1,358,150
70$1,786,794$595,801$384,802$1,411,133
71$1,898,831$554,779$327,477$1,468,459
72$2,020,084$509,536$266,019$1,530,595
73$2,151,422$459,793$200,221$1,598,061
74$2,293,805$405,260$129,866$1,671,432
75$2,448,282$345,628$54,726$1,751,344
76$2,616,013$280,569$0$1,838,502
77$2,798,269$209,740$0$1,941,567
78$2,996,451$132,776$0$2,072,107
79$3,212,100$49,292$0$2,214,207
80$3,446,910$0$0$2,369,011
81$3,702,746$0$0$2,541,395
82$3,981,662$0$0$2,734,113
83$4,285,917$0$0$2,944,393
84$4,617,996$0$0$3,173,961
85$4,980,637$0$0$3,424,717
86$5,376,853$0$0$3,698,750
87$5,809,962$0$0$3,998,363
88$6,283,614$0$0$4,326,090
89$6,801,831$0$0$4,684,722
90$7,369,042$0$0$5,077,331
91$7,990,120$0$0$5,507,302
92$8,670,436$0$0$5,978,361
93$9,415,902$0$0$6,494,611
94$10,233,029$0$0$7,060,572
95$11,128,990$0$0$7,681,221
96$12,111,682$0$0$8,362,042
97$13,189,807$0$0$9,109,072
98$14,372,946$0$0$9,928,964
99$15,671,656$0$0$10,829,044
100$17,097,563$0$0$11,817,383