Can I retire at age 57 with 808,000?

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 $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%18.4%
1 years$66,724$66,130$65,550$64,984$64,431$62,244
2 years$33,032$32,416$31,820$31,242$30,681$28,500
3 years$21,802$21,185$20,590$20,017$19,466$17,358
4 years$16,189$15,573$14,984$14,421$13,883$11,866
5 years$12,822$12,209$11,628$11,077$10,554$8,632
6 years$10,577$9,970$9,397$8,858$8,351$6,526
7 years$8,975$8,373$7,809$7,283$6,791$5,064
8 years$7,774$7,177$6,623$6,109$5,634$4,002
9 years$6,840$6,249$5,704$5,204$4,745$3,206
10 years$6,094$5,508$4,973$4,486$4,043$2,595
11 years$5,483$4,903$4,378$3,904$3,477$2,117
12 years$4,975$4,401$3,886$3,424$3,013$1,738
13 years$4,545$3,977$3,472$3,023$2,627$1,434
14 years$4,177$3,615$3,119$2,684$2,303$1,188
15 years$3,858$3,303$2,816$2,393$2,028$988
16 years$3,580$3,030$2,553$2,143$1,792$823
17 years$3,334$2,791$2,323$1,925$1,589$687
18 years$3,116$2,579$2,121$1,735$1,413$575
19 years$2,921$2,390$1,942$1,568$1,259$482
20 years$2,746$2,221$1,782$1,420$1,125$405
21 years$2,588$2,069$1,639$1,289$1,007$340
22 years$2,444$1,931$1,511$1,172$902$286
23 years$2,313$1,806$1,395$1,067$810$240
24 years$2,193$1,692$1,290$973$728$202
25 years$2,083$1,588$1,195$889$655$170
26 years$1,982$1,492$1,108$813$590$144
27 years$1,888$1,404$1,029$744$532$121
28 years$1,801$1,323$957$682$480$102
29 years$1,720$1,249$890$625$433$86
30 years$1,645$1,179$829$574$392$73
31 years$1,574$1,115$773$527$354$61
32 years$1,509$1,055$721$484$320$52
33 years$1,447$999$673$445$290$44
34 years$1,389$947$629$410$262$37
35 years$1,335$898$588$377$238$31
36 years$1,283$852$550$347$215$26
37 years$1,235$809$515$320$195$22
38 years$1,189$769$482$295$177$19
39 years$1,146$731$452$272$160$16
40 years$1,105$696$424$251$146$13
41 years$1,066$662$397$231$132$11
42 years$1,029$631$373$214$120$10
43 years$994$601$350$197$109$8
44 years$960$573$328$182$99$7
45 years$928$546$308$168$90$6
46 years$898$521$289$155$81$5
47 years$869$497$272$143$74$4
48 years$841$475$255$133$67$3
49 years$814$453$240$123$61$3
50 years$789$433$226$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $808,000, adding $4,271 every year, while hoping to spend $56,209 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: 79/13/8 Blend
56$808,000$808,000$808,000$808,000
57$894,822$851,998$839,474$964,213
58$926,287$833,939$807,790$992,280
59$959,079$813,113$773,161$1,015,293
60$993,272$789,322$735,429$1,038,871
61$1,028,948$762,361$694,428$1,063,043
62$1,066,196$732,012$649,987$1,087,842
63$1,105,110$698,043$601,923$1,113,305
64$1,145,793$660,209$550,050$1,139,472
65$1,188,357$618,253$494,170$1,166,389
66$1,232,922$571,900$434,077$1,194,107
67$1,279,619$520,861$369,557$1,222,681
68$1,328,587$464,830$300,384$1,252,176
69$1,379,982$403,486$226,326$1,282,660
70$1,433,969$336,486$147,137$1,314,214
71$1,490,729$263,469$62,562$1,346,923
72$1,550,460$184,055$0$1,380,887
73$1,613,375$97,842$0$1,418,577
74$1,679,707$4,404$0$1,463,603
75$1,749,712$0$0$1,510,780
76$1,823,664$0$0$1,574,119
77$1,901,868$0$0$1,641,775
78$1,984,652$0$0$1,713,406
79$2,072,377$0$0$1,789,325
80$2,165,437$0$0$1,869,873
81$2,264,262$0$0$1,955,426
82$2,369,323$0$0$2,046,392
83$2,481,134$0$0$2,143,219
84$2,600,259$0$0$2,246,398
85$2,727,316$0$0$2,356,464
86$2,862,979$0$0$2,474,007
87$3,007,992$0$0$2,599,671
88$3,163,164$0$0$2,734,162
89$3,329,387$0$0$2,878,254
90$3,507,638$0$0$3,032,798
91$3,698,989$0$0$3,198,726
92$3,904,614$0$0$3,377,061
93$4,125,805$0$0$3,568,926
94$4,363,980$0$0$3,775,554
95$4,620,695$0$0$3,998,301
96$4,897,661$0$0$4,238,653
97$5,196,754$0$0$4,498,246
98$5,520,041$0$0$4,778,875
99$5,869,789$0$0$5,082,516
100$6,248,492$0$0$5,411,338