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%17.3%
1 years$66,559$65,966$65,387$64,823$64,272$62,364
2 years$32,950$32,336$31,741$31,165$30,606$28,700
3 years$21,748$21,132$20,539$19,968$19,417$17,573
4 years$16,149$15,534$14,947$14,386$13,849$12,079
5 years$12,790$12,179$11,599$11,049$10,528$8,838
6 years$10,551$9,945$9,374$8,836$8,330$6,723
7 years$8,953$8,352$7,790$7,265$6,775$5,249
8 years$7,755$7,159$6,606$6,094$5,620$4,175
9 years$6,823$6,233$5,690$5,191$4,733$3,367
10 years$6,079$5,494$4,961$4,475$4,033$2,744
11 years$5,470$4,891$4,367$3,894$3,468$2,255
12 years$4,963$4,390$3,876$3,416$3,006$1,865
13 years$4,534$3,967$3,463$3,016$2,621$1,550
14 years$4,167$3,606$3,111$2,677$2,297$1,294
15 years$3,849$3,294$2,809$2,387$2,023$1,084
16 years$3,571$3,023$2,547$2,138$1,788$911
17 years$3,326$2,784$2,318$1,921$1,585$767
18 years$3,108$2,572$2,116$1,731$1,409$647
19 years$2,914$2,384$1,937$1,564$1,256$547
20 years$2,739$2,215$1,778$1,417$1,122$463
21 years$2,581$2,063$1,635$1,286$1,004$392
22 years$2,438$1,926$1,507$1,169$900$332
23 years$2,307$1,801$1,391$1,065$808$282
24 years$2,188$1,688$1,287$971$726$240
25 years$2,078$1,584$1,192$887$654$204
26 years$1,977$1,489$1,105$811$589$173
27 years$1,883$1,401$1,026$742$531$147
28 years$1,796$1,320$954$680$479$125
29 years$1,716$1,245$888$624$432$107
30 years$1,641$1,176$827$572$391$91
31 years$1,571$1,112$771$526$353$77
32 years$1,505$1,052$719$483$320$66
33 years$1,443$996$672$444$289$56
34 years$1,386$944$628$409$262$48
35 years$1,331$896$587$376$237$41
36 years$1,280$850$549$346$215$35
37 years$1,232$807$514$319$195$30
38 years$1,186$767$481$294$177$25
39 years$1,143$730$451$271$160$21
40 years$1,102$694$423$250$145$18
41 years$1,063$661$396$231$132$16
42 years$1,026$629$372$213$120$13
43 years$991$600$349$197$108$11
44 years$958$572$327$182$98$10
45 years$926$545$307$168$89$8
46 years$895$520$289$155$81$7
47 years$866$496$271$143$74$6
48 years$839$474$255$132$67$5
49 years$812$452$240$122$61$4
50 years$787$432$225$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $806,000, adding $5,177 every year, while hoping to spend $47,751 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: 57/25/18 Blend
56$806,000$806,000$806,000$806,000
57$893,552$850,834$838,341$939,956
58$933,888$841,718$815,619$962,965
59$976,737$830,555$790,535$982,409
60$1,022,306$817,195$762,960$1,002,525
61$1,070,821$801,476$732,758$1,023,389
62$1,122,527$783,232$699,789$1,045,084
63$1,177,696$762,281$663,902$1,067,706
64$1,236,623$738,435$624,945$1,091,362
65$1,299,633$711,492$582,755$1,116,175
66$1,367,082$681,242$537,164$1,142,279
67$1,439,359$647,457$487,993$1,169,829
68$1,516,893$609,902$435,060$1,198,996
69$1,600,153$568,324$378,172$1,229,975
70$1,689,654$522,457$317,126$1,262,982
71$1,785,962$472,021$251,714$1,298,259
72$1,889,699$416,719$181,714$1,336,078
73$2,001,546$356,236$106,900$1,376,743
74$2,122,254$290,241$27,031$1,420,594
75$2,252,644$218,384$0$1,468,009
76$2,393,623$140,294$0$1,530,590
77$2,546,185$55,581$0$1,603,898
78$2,711,424$0$0$1,683,314
79$2,890,541$0$0$1,779,427
80$3,084,858$0$0$1,900,344
81$3,295,829$0$0$2,031,686
82$3,525,053$0$0$2,174,456
83$3,774,289$0$0$2,329,759
84$4,045,472$0$0$2,498,807
85$4,340,731$0$0$2,682,938
86$4,662,410$0$0$2,883,622
87$5,013,085$0$0$3,102,478
88$5,395,595$0$0$3,341,285
89$5,813,064$0$0$3,602,004
90$6,268,928$0$0$3,886,794
91$6,766,973$0$0$4,198,031
92$7,311,365$0$0$4,538,329
93$7,906,691$0$0$4,910,569
94$8,558,001$0$0$5,317,921
95$9,270,858$0$0$5,763,877
96$10,051,383$0$0$6,252,281
97$10,906,322$0$0$6,787,368
98$11,843,100$0$0$7,373,801
99$12,869,896$0$0$8,016,715
100$13,995,717$0$0$8,721,766