Can I retire at age 57 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$66,641$66,048$65,469$64,903$64,351$63,259
2 years$32,991$32,376$31,781$31,203$30,643$29,547
3 years$21,775$21,158$20,564$19,992$19,441$18,374
4 years$16,169$15,554$14,966$14,403$13,866$12,836
5 years$12,806$12,194$11,614$11,063$10,541$9,551
6 years$10,564$9,957$9,386$8,847$8,340$7,393
7 years$8,964$8,362$7,800$7,274$6,783$5,877
8 years$7,764$7,168$6,615$6,102$5,627$4,763
9 years$6,832$6,241$5,697$5,197$4,739$3,916
10 years$6,086$5,501$4,967$4,480$4,038$3,255
11 years$5,476$4,897$4,373$3,899$3,473$2,730
12 years$4,969$4,396$3,881$3,420$3,009$2,305
13 years$4,539$3,972$3,467$3,019$2,624$1,958
14 years$4,172$3,611$3,115$2,680$2,300$1,671
15 years$3,854$3,298$2,813$2,390$2,025$1,431
16 years$3,575$3,026$2,550$2,140$1,790$1,230
17 years$3,330$2,787$2,321$1,923$1,587$1,060
18 years$3,112$2,575$2,118$1,733$1,411$915
19 years$2,918$2,387$1,939$1,566$1,258$792
20 years$2,743$2,218$1,780$1,418$1,124$687
21 years$2,585$2,066$1,637$1,287$1,005$596
22 years$2,441$1,929$1,509$1,170$901$518
23 years$2,310$1,804$1,393$1,066$809$451
24 years$2,191$1,690$1,288$972$727$393
25 years$2,081$1,586$1,193$888$654$342
26 years$1,979$1,491$1,107$812$589$299
27 years$1,885$1,403$1,028$743$531$261
28 years$1,799$1,322$955$681$479$228
29 years$1,718$1,247$889$624$433$199
30 years$1,643$1,178$828$573$391$174
31 years$1,572$1,113$772$526$354$152
32 years$1,507$1,053$720$484$320$133
33 years$1,445$998$673$445$290$116
34 years$1,387$945$628$409$262$102
35 years$1,333$897$588$377$237$89
36 years$1,282$851$550$347$215$78
37 years$1,233$808$514$320$195$68
38 years$1,188$768$482$295$177$60
39 years$1,144$731$451$272$160$52
40 years$1,103$695$423$251$145$46
41 years$1,064$662$397$231$132$40
42 years$1,027$630$372$213$120$35
43 years$992$600$349$197$109$31
44 years$959$572$328$182$99$27
45 years$927$546$308$168$90$24
46 years$897$521$289$155$81$21
47 years$868$497$272$143$74$18
48 years$840$474$255$132$67$16
49 years$813$453$240$122$61$14
50 years$788$433$225$113$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $807,000, adding $3,600 every year, while hoping to spend $35,060 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: 67/23/10 Blend
56$807,000$807,000$807,000$807,000
57$893,027$850,256$837,748$950,772
58$946,813$854,615$828,509$993,984
59$1,004,909$858,013$817,785$1,036,688
60$1,067,719$860,365$805,490$1,082,460
61$1,135,685$861,582$791,533$1,131,597
62$1,209,295$861,569$775,819$1,184,426
63$1,289,082$860,225$758,248$1,241,306
64$1,375,635$857,443$738,716$1,302,636
65$1,469,601$853,109$717,115$1,368,854
66$1,571,692$847,103$693,330$1,440,446
67$1,682,691$839,296$667,242$1,517,945
68$1,803,457$829,554$638,727$1,601,944
69$1,934,940$817,732$607,654$1,693,092
70$2,078,181$803,678$573,888$1,792,109
71$2,234,327$787,231$537,285$1,899,788
72$2,404,642$768,219$497,698$2,017,006
73$2,590,516$746,461$454,970$2,144,729
74$2,793,477$721,766$408,941$2,284,023
75$3,015,210$693,931$359,439$2,436,066
76$3,257,569$662,742$306,287$2,602,156
77$3,522,595$627,970$249,302$2,783,727
78$3,812,536$589,376$188,290$2,982,360
79$4,129,865$546,707$123,048$3,199,801
80$4,477,308$499,692$53,367$3,437,975
81$4,857,866$448,050$0$3,699,006
82$5,274,843$391,478$0$3,987,478
83$5,731,877$329,662$0$4,309,960
84$6,232,978$262,264$0$4,663,630
85$6,782,559$188,932$0$5,051,661
86$7,385,483$109,293$0$5,477,554
87$8,047,105$22,951$0$5,945,167
88$8,773,323$0$0$6,458,755
89$9,570,637$0$0$7,040,855
90$10,446,203$0$0$7,686,516
91$11,407,906$0$0$8,395,751
92$12,464,434$0$0$9,174,972
93$13,625,354$0$0$10,031,243
94$14,901,209$0$0$10,972,347
95$16,303,612$0$0$12,006,859
96$17,845,359$0$0$13,144,223
97$19,540,545$0$0$14,394,848
98$21,404,701$0$0$15,770,198
99$23,454,938$0$0$17,282,907
100$25,710,109$0$0$18,946,894