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%13.2%
1 years$66,641$66,048$65,469$64,903$64,351$63,495
2 years$32,991$32,376$31,781$31,203$30,643$29,782
3 years$21,775$21,158$20,564$19,992$19,441$18,601
4 years$16,169$15,554$14,966$14,403$13,866$13,054
5 years$12,806$12,194$11,614$11,063$10,541$9,759
6 years$10,564$9,957$9,386$8,847$8,340$7,591
7 years$8,964$8,362$7,800$7,274$6,783$6,065
8 years$7,764$7,168$6,615$6,102$5,627$4,941
9 years$6,832$6,241$5,697$5,197$4,739$4,084
10 years$6,086$5,501$4,967$4,480$4,038$3,414
11 years$5,476$4,897$4,373$3,899$3,473$2,879
12 years$4,969$4,396$3,881$3,420$3,009$2,445
13 years$4,539$3,972$3,467$3,019$2,624$2,089
14 years$4,172$3,611$3,115$2,680$2,300$1,793
15 years$3,854$3,298$2,813$2,390$2,025$1,546
16 years$3,575$3,026$2,550$2,140$1,790$1,337
17 years$3,330$2,787$2,321$1,923$1,587$1,159
18 years$3,112$2,575$2,118$1,733$1,411$1,008
19 years$2,918$2,387$1,939$1,566$1,258$878
20 years$2,743$2,218$1,780$1,418$1,124$766
21 years$2,585$2,066$1,637$1,287$1,005$670
22 years$2,441$1,929$1,509$1,170$901$586
23 years$2,310$1,804$1,393$1,066$809$514
24 years$2,191$1,690$1,288$972$727$451
25 years$2,081$1,586$1,193$888$654$396
26 years$1,979$1,491$1,107$812$589$347
27 years$1,885$1,403$1,028$743$531$305
28 years$1,799$1,322$955$681$479$269
29 years$1,718$1,247$889$624$433$237
30 years$1,643$1,178$828$573$391$208
31 years$1,572$1,113$772$526$354$183
32 years$1,507$1,053$720$484$320$162
33 years$1,445$998$673$445$290$142
34 years$1,387$945$628$409$262$126
35 years$1,333$897$588$377$237$111
36 years$1,282$851$550$347$215$98
37 years$1,233$808$514$320$195$86
38 years$1,188$768$482$295$177$76
39 years$1,144$731$451$272$160$67
40 years$1,103$695$423$251$145$59
41 years$1,064$662$397$231$132$52
42 years$1,027$630$372$213$120$46
43 years$992$600$349$197$109$41
44 years$959$572$328$182$99$36
45 years$927$546$308$168$90$32
46 years$897$521$289$155$81$28
47 years$868$497$272$143$74$25
48 years$840$474$255$132$67$22
49 years$813$453$240$122$61$19
50 years$788$433$225$113$55$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $807,000, adding $6,536 every year, while hoping to spend $55,114 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: 61/32/7 Blend
56$807,000$807,000$807,000$807,000
57$896,056$853,285$840,776$949,062
58$928,813$836,455$810,302$968,475
59$963,064$816,953$776,959$982,688
60$998,903$794,590$740,593$996,795
61$1,036,432$769,167$701,044$1,010,786
62$1,075,762$740,470$658,143$1,024,650
63$1,117,012$708,275$611,714$1,038,381
64$1,160,313$672,347$561,572$1,051,974
65$1,205,806$632,432$507,525$1,065,425
66$1,253,644$588,267$449,373$1,078,734
67$1,303,993$539,570$386,905$1,091,905
68$1,357,037$486,046$319,903$1,104,943
69$1,412,972$427,379$248,137$1,117,861
70$1,472,015$363,240$171,369$1,130,675
71$1,534,400$293,278$89,349$1,143,408
72$1,600,383$217,124$1,817$1,156,089
73$1,670,245$134,386$0$1,168,757
74$1,744,292$44,653$0$1,188,298
75$1,822,858$0$0$1,208,519
76$1,906,308$0$0$1,247,867
77$1,995,041$0$0$1,306,457
78$2,089,496$0$0$1,368,860
79$2,190,150$0$0$1,435,395
80$2,297,527$0$0$1,506,416
81$2,412,203$0$0$1,582,305
82$2,534,806$0$0$1,663,486
83$2,666,026$0$0$1,750,420
84$2,806,620$0$0$1,843,615
85$2,957,417$0$0$1,943,628
86$3,119,327$0$0$2,051,068
87$3,293,351$0$0$2,166,608
88$3,480,584$0$0$2,290,981
89$3,682,231$0$0$2,424,997
90$3,899,616$0$0$2,569,544
91$4,134,190$0$0$2,725,596
92$4,387,550$0$0$2,894,224
93$4,661,450$0$0$3,076,608
94$4,957,820$0$0$3,274,040
95$5,278,777$0$0$3,487,945
96$5,626,652$0$0$3,719,886
97$6,004,008$0$0$3,971,585
98$6,413,663$0$0$4,244,934
99$6,858,716$0$0$4,542,014
100$7,342,576$0$0$4,865,115