Can I retire at age 57 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$66,559$65,966$65,387$64,823$64,272$62,743
2 years$32,950$32,336$31,741$31,165$30,606$29,075
3 years$21,748$21,132$20,539$19,968$19,417$17,932
4 years$16,149$15,534$14,947$14,386$13,849$12,420
5 years$12,790$12,179$11,599$11,049$10,528$9,160
6 years$10,551$9,945$9,374$8,836$8,330$7,024
7 years$8,953$8,352$7,790$7,265$6,775$5,531
8 years$7,755$7,159$6,606$6,094$5,620$4,439
9 years$6,823$6,233$5,690$5,191$4,733$3,612
10 years$6,079$5,494$4,961$4,475$4,033$2,972
11 years$5,470$4,891$4,367$3,894$3,468$2,465
12 years$4,963$4,390$3,876$3,416$3,006$2,059
13 years$4,534$3,967$3,463$3,016$2,621$1,729
14 years$4,167$3,606$3,111$2,677$2,297$1,459
15 years$3,849$3,294$2,809$2,387$2,023$1,235
16 years$3,571$3,023$2,547$2,138$1,788$1,048
17 years$3,326$2,784$2,318$1,921$1,585$893
18 years$3,108$2,572$2,116$1,731$1,409$761
19 years$2,914$2,384$1,937$1,564$1,256$651
20 years$2,739$2,215$1,778$1,417$1,122$557
21 years$2,581$2,063$1,635$1,286$1,004$477
22 years$2,438$1,926$1,507$1,169$900$409
23 years$2,307$1,801$1,391$1,065$808$352
24 years$2,188$1,688$1,287$971$726$302
25 years$2,078$1,584$1,192$887$654$260
26 years$1,977$1,489$1,105$811$589$224
27 years$1,883$1,401$1,026$742$531$193
28 years$1,796$1,320$954$680$479$166
29 years$1,716$1,245$888$624$432$143
30 years$1,641$1,176$827$572$391$123
31 years$1,571$1,112$771$526$353$106
32 years$1,505$1,052$719$483$320$92
33 years$1,443$996$672$444$289$79
34 years$1,386$944$628$409$262$68
35 years$1,331$896$587$376$237$59
36 years$1,280$850$549$346$215$51
37 years$1,232$807$514$319$195$44
38 years$1,186$767$481$294$177$38
39 years$1,143$730$451$271$160$33
40 years$1,102$694$423$250$145$28
41 years$1,063$661$396$231$132$24
42 years$1,026$629$372$213$120$21
43 years$991$600$349$197$108$18
44 years$958$572$327$182$98$16
45 years$926$545$307$168$89$13
46 years$895$520$289$155$81$12
47 years$866$496$271$143$74$10
48 years$839$474$255$132$67$9
49 years$812$452$240$122$61$7
50 years$787$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 $806,000, adding $5,166 every year, while hoping to spend $56,285 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: 56/19/25 Blend
56$806,000$806,000$806,000$806,000
57$893,541$850,823$838,330$937,204
58$924,795$832,626$806,527$949,527
59$957,351$811,652$771,772$956,598
60$991,282$787,704$733,908$963,127
61$1,026,666$760,575$692,767$969,077
62$1,063,589$730,046$648,178$974,412
63$1,102,143$695,886$599,960$979,098
64$1,142,427$657,850$547,924$983,096
65$1,184,547$615,677$491,872$986,372
66$1,228,620$569,094$431,598$988,888
67$1,274,770$517,811$366,888$990,608
68$1,323,134$461,521$297,516$991,498
69$1,373,859$399,900$223,248$991,523
70$1,427,104$332,607$143,838$990,650
71$1,483,043$259,279$59,032$988,849
72$1,541,865$179,535$0$986,091
73$1,603,774$92,972$0$990,746
74$1,668,995$0$0$1,011,746
75$1,737,769$0$0$1,033,564
76$1,810,362$0$0$1,077,139
77$1,887,063$0$0$1,123,210
78$1,968,187$0$0$1,171,971
79$2,054,078$0$0$1,223,633
80$2,145,111$0$0$1,278,427
81$2,241,698$0$0$1,336,603
82$2,344,287$0$0$1,398,439
83$2,453,368$0$0$1,464,235
84$2,569,480$0$0$1,534,321
85$2,693,211$0$0$1,609,060
86$2,825,203$0$0$1,688,847
87$2,966,163$0$0$1,774,115
88$3,116,864$0$0$1,865,340
89$3,278,154$0$0$1,963,043
90$3,450,961$0$0$2,067,797
91$3,636,305$0$0$2,180,228
92$3,835,304$0$0$2,301,024
93$4,049,186$0$0$2,430,942
94$4,279,299$0$0$2,570,811
95$4,527,122$0$0$2,721,541
96$4,794,280$0$0$2,884,134
97$5,082,558$0$0$3,059,689
98$5,393,917$0$0$3,249,414
99$5,730,512$0$0$3,454,636
100$6,094,712$0$0$3,676,815