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%19.8%
1 years$66,641$66,048$65,469$64,903$64,351$61,823
2 years$32,991$32,376$31,781$31,203$30,643$28,127
3 years$21,775$21,158$20,564$19,992$19,441$17,016
4 years$16,169$15,554$14,966$14,403$13,866$11,550
5 years$12,806$12,194$11,614$11,063$10,541$8,340
6 years$10,564$9,957$9,386$8,847$8,340$6,257
7 years$8,964$8,362$7,800$7,274$6,783$4,816
8 years$7,764$7,168$6,615$6,102$5,627$3,775
9 years$6,832$6,241$5,697$5,197$4,739$2,998
10 years$6,086$5,501$4,967$4,480$4,038$2,405
11 years$5,476$4,897$4,373$3,899$3,473$1,945
12 years$4,969$4,396$3,881$3,420$3,009$1,582
13 years$4,539$3,972$3,467$3,019$2,624$1,293
14 years$4,172$3,611$3,115$2,680$2,300$1,060
15 years$3,854$3,298$2,813$2,390$2,025$873
16 years$3,575$3,026$2,550$2,140$1,790$720
17 years$3,330$2,787$2,321$1,923$1,587$595
18 years$3,112$2,575$2,118$1,733$1,411$493
19 years$2,918$2,387$1,939$1,566$1,258$409
20 years$2,743$2,218$1,780$1,418$1,124$339
21 years$2,585$2,066$1,637$1,287$1,005$282
22 years$2,441$1,929$1,509$1,170$901$234
23 years$2,310$1,804$1,393$1,066$809$195
24 years$2,191$1,690$1,288$972$727$162
25 years$2,081$1,586$1,193$888$654$135
26 years$1,979$1,491$1,107$812$589$113
27 years$1,885$1,403$1,028$743$531$94
28 years$1,799$1,322$955$681$479$78
29 years$1,718$1,247$889$624$433$65
30 years$1,643$1,178$828$573$391$54
31 years$1,572$1,113$772$526$354$45
32 years$1,507$1,053$720$484$320$38
33 years$1,445$998$673$445$290$32
34 years$1,387$945$628$409$262$26
35 years$1,333$897$588$377$237$22
36 years$1,282$851$550$347$215$18
37 years$1,233$808$514$320$195$15
38 years$1,188$768$482$295$177$13
39 years$1,144$731$451$272$160$11
40 years$1,103$695$423$251$145$9
41 years$1,064$662$397$231$132$7
42 years$1,027$630$372$213$120$6
43 years$992$600$349$197$109$5
44 years$959$572$328$182$99$4
45 years$927$546$308$168$90$4
46 years$897$521$289$155$81$3
47 years$868$497$272$143$74$3
48 years$840$474$255$132$67$2
49 years$813$453$240$122$61$2
50 years$788$433$225$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $807,000, adding $6,164 every year, while hoping to spend $27,010 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: 74/13/13 Blend
56$807,000$807,000$807,000$807,000
57$895,672$852,901$840,393$959,076
58$958,292$865,955$839,807$1,014,868
59$1,026,394$878,743$838,297$1,072,023
60$1,100,509$891,224$835,803$1,133,910
61$1,181,220$903,353$832,261$1,200,989
62$1,269,171$915,083$827,608$1,273,771
63$1,365,067$926,363$821,774$1,352,816
64$1,469,688$937,139$814,687$1,438,740
65$1,583,890$947,352$806,273$1,532,226
66$1,708,615$956,941$796,452$1,634,022
67$1,844,902$965,840$785,141$1,744,955
68$1,993,894$973,978$772,255$1,865,937
69$2,156,849$981,280$757,703$1,997,970
70$2,335,151$987,667$741,390$2,142,161
71$2,530,327$993,053$723,217$2,299,729
72$2,744,056$997,349$703,081$2,472,019
73$2,978,189$1,000,457$680,873$2,660,509
74$3,234,761$1,002,277$656,479$2,866,833
75$3,516,016$1,002,698$629,781$3,092,790
76$3,824,426$1,001,607$600,655$3,340,363
77$4,162,712$998,879$568,971$3,611,735
78$4,533,871$994,387$534,594$3,909,317
79$4,941,205$987,991$497,382$4,235,763
80$5,388,350$979,545$457,186$4,593,999
81$5,879,314$968,895$413,854$4,987,250
82$6,418,508$955,875$367,222$5,419,071
83$7,010,794$940,311$317,123$5,893,379
84$7,661,528$922,019$263,380$6,414,494
85$8,376,610$900,804$205,808$6,987,175
86$9,162,538$876,457$144,217$7,616,669
87$10,026,474$848,760$78,405$8,308,758
88$10,976,305$817,481$8,163$9,069,816
89$12,020,725$782,374$0$9,906,867
90$13,169,307$743,179$0$10,836,921
91$14,432,602$699,621$0$11,861,055
92$15,822,235$651,409$0$12,987,577
93$17,351,011$598,237$0$14,226,887
94$19,033,043$539,778$0$15,590,449
95$20,883,876$475,691$0$17,090,894
96$22,920,643$405,611$0$18,742,143
97$25,162,218$329,156$0$20,559,535
98$27,629,400$245,919$0$22,559,975
99$30,345,104$155,475$0$24,762,092
100$33,334,581$57,370$0$27,186,417