Can I retire at age 57 with 808,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$66,724$66,130$65,550$64,984$64,431$62,594
2 years$33,032$32,416$31,820$31,242$30,681$28,845
3 years$21,802$21,185$20,590$20,017$19,466$17,688
4 years$16,189$15,573$14,984$14,421$13,883$12,177
5 years$12,822$12,209$11,628$11,077$10,554$8,924
6 years$10,577$9,970$9,397$8,858$8,351$6,799
7 years$8,975$8,373$7,809$7,283$6,791$5,317
8 years$7,774$7,177$6,623$6,109$5,634$4,237
9 years$6,840$6,249$5,704$5,204$4,745$3,423
10 years$6,094$5,508$4,973$4,486$4,043$2,795
11 years$5,483$4,903$4,378$3,904$3,477$2,301
12 years$4,975$4,401$3,886$3,424$3,013$1,907
13 years$4,545$3,977$3,472$3,023$2,627$1,589
14 years$4,177$3,615$3,119$2,684$2,303$1,329
15 years$3,858$3,303$2,816$2,393$2,028$1,116
16 years$3,580$3,030$2,553$2,143$1,792$939
17 years$3,334$2,791$2,323$1,925$1,589$793
18 years$3,116$2,579$2,121$1,735$1,413$670
19 years$2,921$2,390$1,942$1,568$1,259$568
20 years$2,746$2,221$1,782$1,420$1,125$481
21 years$2,588$2,069$1,639$1,289$1,007$409
22 years$2,444$1,931$1,511$1,172$902$347
23 years$2,313$1,806$1,395$1,067$810$296
24 years$2,193$1,692$1,290$973$728$252
25 years$2,083$1,588$1,195$889$655$214
26 years$1,982$1,492$1,108$813$590$183
27 years$1,888$1,404$1,029$744$532$156
28 years$1,801$1,323$957$682$480$133
29 years$1,720$1,249$890$625$433$113
30 years$1,645$1,179$829$574$392$97
31 years$1,574$1,115$773$527$354$83
32 years$1,509$1,055$721$484$320$70
33 years$1,447$999$673$445$290$60
34 years$1,389$947$629$410$262$51
35 years$1,335$898$588$377$238$44
36 years$1,283$852$550$347$215$37
37 years$1,235$809$515$320$195$32
38 years$1,189$769$482$295$177$27
39 years$1,146$731$452$272$160$23
40 years$1,105$696$424$251$146$20
41 years$1,066$662$397$231$132$17
42 years$1,029$631$373$214$120$15
43 years$994$601$350$197$109$12
44 years$960$573$328$182$99$11
45 years$928$546$308$168$90$9
46 years$898$521$289$155$81$8
47 years$869$497$272$143$74$7
48 years$841$475$255$133$67$6
49 years$814$453$240$123$61$5
50 years$789$433$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $808,000, adding $6,526 every year, while hoping to spend $29,672 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: 34/45/21 Blend
56$808,000$808,000$808,000$808,000
57$897,148$854,324$841,800$921,697
58$957,086$864,615$838,429$950,724
59$1,022,143$874,416$833,951$978,818
60$1,092,811$883,671$828,297$1,008,503
61$1,169,628$892,321$821,396$1,039,938
62$1,253,190$900,305$813,172$1,073,300
63$1,344,149$907,553$803,547$1,108,785
64$1,443,224$913,995$792,438$1,146,610
65$1,551,207$919,556$779,759$1,187,019
66$1,668,969$924,153$765,420$1,230,279
67$1,797,469$927,700$749,326$1,276,688
68$1,937,760$930,107$731,378$1,326,577
69$2,091,005$931,276$711,472$1,380,312
70$2,258,482$931,103$689,501$1,438,302
71$2,441,599$929,479$665,352$1,500,996
72$2,641,906$926,287$638,904$1,568,895
73$2,861,108$921,403$610,036$1,642,553
74$3,101,086$914,697$578,617$1,722,584
75$3,363,908$906,028$544,512$1,809,668
76$3,651,853$895,250$507,579$1,904,560
77$3,967,430$882,205$467,672$2,008,092
78$4,313,404$866,729$424,634$2,121,190
79$4,692,818$848,645$378,306$2,244,875
80$5,109,024$827,768$328,518$2,380,280
81$5,565,716$803,900$275,095$2,528,657
82$6,066,961$776,834$217,853$2,691,393
83$6,617,240$746,347$156,600$2,870,019
84$7,221,488$712,207$91,135$3,066,233
85$7,885,141$674,167$21,250$3,281,908
86$8,614,190$631,966$0$3,519,119
87$9,415,232$585,327$0$3,792,108
88$10,295,535$533,957$0$4,097,317
89$11,263,108$477,550$0$4,432,833
90$12,326,773$415,777$0$4,801,808
91$13,496,248$348,294$0$5,207,721
92$14,782,242$274,737$0$5,654,410
93$16,196,553$194,722$0$6,146,115
94$17,752,179$107,841$0$6,687,514
95$19,463,441$13,665$0$7,283,769
96$21,346,120$0$0$7,940,578
97$23,417,599$0$0$8,707,932
98$25,697,037$0$0$9,559,907
99$28,205,538$0$0$10,497,642
100$30,966,360$0$0$11,529,849