Can I retire at age 57 with 806,000?

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 $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%16.7%
1 years$66,559$65,966$65,387$64,823$64,272$62,515
2 years$32,950$32,336$31,741$31,165$30,606$28,849
3 years$21,748$21,132$20,539$19,968$19,417$17,715
4 years$16,149$15,534$14,947$14,386$13,849$12,214
5 years$12,790$12,179$11,599$11,049$10,528$8,965
6 years$10,551$9,945$9,374$8,836$8,330$6,842
7 years$8,953$8,352$7,790$7,265$6,775$5,360
8 years$7,755$7,159$6,606$6,094$5,620$4,279
9 years$6,823$6,233$5,690$5,191$4,733$3,463
10 years$6,079$5,494$4,961$4,475$4,033$2,833
11 years$5,470$4,891$4,367$3,894$3,468$2,337
12 years$4,963$4,390$3,876$3,416$3,006$1,940
13 years$4,534$3,967$3,463$3,016$2,621$1,620
14 years$4,167$3,606$3,111$2,677$2,297$1,358
15 years$3,849$3,294$2,809$2,387$2,023$1,142
16 years$3,571$3,023$2,547$2,138$1,788$964
17 years$3,326$2,784$2,318$1,921$1,585$815
18 years$3,108$2,572$2,116$1,731$1,409$691
19 years$2,914$2,384$1,937$1,564$1,256$586
20 years$2,739$2,215$1,778$1,417$1,122$498
21 years$2,581$2,063$1,635$1,286$1,004$424
22 years$2,438$1,926$1,507$1,169$900$361
23 years$2,307$1,801$1,391$1,065$808$308
24 years$2,188$1,688$1,287$971$726$263
25 years$2,078$1,584$1,192$887$654$224
26 years$1,977$1,489$1,105$811$589$192
27 years$1,883$1,401$1,026$742$531$164
28 years$1,796$1,320$954$680$479$140
29 years$1,716$1,245$888$624$432$120
30 years$1,641$1,176$827$572$391$103
31 years$1,571$1,112$771$526$353$88
32 years$1,505$1,052$719$483$320$75
33 years$1,443$996$672$444$289$64
34 years$1,386$944$628$409$262$55
35 years$1,331$896$587$376$237$47
36 years$1,280$850$549$346$215$40
37 years$1,232$807$514$319$195$35
38 years$1,186$767$481$294$177$30
39 years$1,143$730$451$271$160$25
40 years$1,102$694$423$250$145$22
41 years$1,063$661$396$231$132$19
42 years$1,026$629$372$213$120$16
43 years$991$600$349$197$108$14
44 years$958$572$327$182$98$12
45 years$926$545$307$168$89$10
46 years$895$520$289$155$81$9
47 years$866$496$271$143$74$7
48 years$839$474$255$132$67$6
49 years$812$452$240$122$61$5
50 years$787$432$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $806,000, adding $3,616 every year, while hoping to spend $58,274 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: 36/36/28 Blend
56$806,000$806,000$806,000$806,000
57$891,942$849,224$836,731$916,448
58$920,917$828,833$802,758$914,601
59$950,894$805,489$765,695$907,077
60$981,915$778,988$725,374$897,836
61$1,014,021$749,109$681,626$886,762
62$1,047,259$715,623$634,268$873,735
63$1,081,676$678,285$583,112$858,626
64$1,117,322$636,837$527,962$841,301
65$1,154,253$591,005$468,612$821,620
66$1,192,523$540,501$404,847$799,432
67$1,232,194$485,019$336,443$774,583
68$1,273,329$424,237$263,166$746,908
69$1,315,997$357,812$184,770$716,234
70$1,360,270$285,386$101,001$682,381
71$1,406,225$206,578$11,592$645,158
72$1,453,944$120,984$0$604,367
73$1,503,516$28,182$0$584,840
74$1,555,034$0$0$566,639
75$1,608,599$0$0$574,789
76$1,664,318$0$0$594,898
77$1,722,308$0$0$615,845
78$1,782,691$0$0$637,676
79$1,845,602$0$0$660,443
80$1,911,184$0$0$684,201
81$1,979,592$0$0$709,008
82$2,050,991$0$0$734,929
83$2,125,561$0$0$762,033
84$2,203,497$0$0$790,393
85$2,285,007$0$0$820,091
86$2,370,320$0$0$851,214
87$2,459,680$0$0$883,857
88$2,553,353$0$0$918,122
89$2,651,629$0$0$954,123
90$2,754,822$0$0$991,980
91$2,863,270$0$0$1,031,825
92$2,977,345$0$0$1,073,802
93$3,097,450$0$0$1,118,067
94$3,224,022$0$0$1,164,792
95$3,357,540$0$0$1,214,163
96$3,498,523$0$0$1,266,382
97$3,647,540$0$0$1,321,671
98$3,805,210$0$0$1,380,272
99$3,972,209$0$0$1,442,450
100$4,149,277$0$0$1,508,494