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%19.7%
1 years$66,724$66,130$65,550$64,984$64,431$61,924
2 years$33,032$32,416$31,820$31,242$30,681$28,186
3 years$21,802$21,185$20,590$20,017$19,466$17,060
4 years$16,189$15,573$14,984$14,421$13,883$11,586
5 years$12,822$12,209$11,628$11,077$10,554$8,371
6 years$10,577$9,970$9,397$8,858$8,351$6,283
7 years$8,975$8,373$7,809$7,283$6,791$4,839
8 years$7,774$7,177$6,623$6,109$5,634$3,795
9 years$6,840$6,249$5,704$5,204$4,745$3,016
10 years$6,094$5,508$4,973$4,486$4,043$2,421
11 years$5,483$4,903$4,378$3,904$3,477$1,959
12 years$4,975$4,401$3,886$3,424$3,013$1,594
13 years$4,545$3,977$3,472$3,023$2,627$1,304
14 years$4,177$3,615$3,119$2,684$2,303$1,070
15 years$3,858$3,303$2,816$2,393$2,028$881
16 years$3,580$3,030$2,553$2,143$1,792$728
17 years$3,334$2,791$2,323$1,925$1,589$602
18 years$3,116$2,579$2,121$1,735$1,413$499
19 years$2,921$2,390$1,942$1,568$1,259$414
20 years$2,746$2,221$1,782$1,420$1,125$344
21 years$2,588$2,069$1,639$1,289$1,007$286
22 years$2,444$1,931$1,511$1,172$902$238
23 years$2,313$1,806$1,395$1,067$810$198
24 years$2,193$1,692$1,290$973$728$165
25 years$2,083$1,588$1,195$889$655$138
26 years$1,982$1,492$1,108$813$590$115
27 years$1,888$1,404$1,029$744$532$96
28 years$1,801$1,323$957$682$480$80
29 years$1,720$1,249$890$625$433$67
30 years$1,645$1,179$829$574$392$56
31 years$1,574$1,115$773$527$354$46
32 years$1,509$1,055$721$484$320$39
33 years$1,447$999$673$445$290$32
34 years$1,389$947$629$410$262$27
35 years$1,335$898$588$377$238$23
36 years$1,283$852$550$347$215$19
37 years$1,235$809$515$320$195$16
38 years$1,189$769$482$295$177$13
39 years$1,146$731$452$272$160$11
40 years$1,105$696$424$251$146$9
41 years$1,066$662$397$231$132$8
42 years$1,029$631$373$214$120$6
43 years$994$601$350$197$109$5
44 years$960$573$328$182$99$4
45 years$928$546$308$168$90$4
46 years$898$521$289$155$81$3
47 years$869$497$272$143$74$3
48 years$841$475$255$133$67$2
49 years$814$453$240$123$61$2
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 $2,826 every year, while hoping to spend $21,819 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: 45/46/9 Blend
56$808,000$808,000$808,000$808,000
57$893,331$850,507$837,983$931,143
58$961,236$868,967$842,840$976,043
59$1,035,335$887,599$847,129$1,022,232
60$1,116,238$906,391$850,807$1,071,815
61$1,204,616$925,325$853,830$1,125,115
62$1,301,205$944,385$856,152$1,182,484
63$1,406,819$963,550$857,723$1,244,311
64$1,522,351$982,801$858,494$1,311,025
65$1,648,786$1,002,114$858,409$1,383,099
66$1,787,210$1,021,465$857,413$1,461,053
67$1,938,815$1,040,826$855,447$1,545,461
68$2,104,918$1,060,170$852,447$1,636,956
69$2,286,965$1,079,465$848,350$1,736,234
70$2,486,553$1,098,676$843,088$1,844,064
71$2,705,438$1,117,768$836,588$1,961,292
72$2,945,555$1,136,700$828,775$2,088,854
73$3,209,035$1,155,432$819,573$2,227,777
74$3,498,225$1,173,917$808,897$2,379,196
75$3,815,712$1,192,106$796,663$2,544,363
76$4,164,343$1,209,948$782,780$2,724,656
77$4,547,257$1,227,386$767,153$2,921,595
78$4,967,910$1,244,361$749,685$3,136,857
79$5,430,109$1,260,807$730,272$3,372,289
80$5,938,050$1,276,656$708,807$3,629,928
81$6,496,354$1,291,836$685,175$3,912,021
82$7,110,113$1,306,267$659,259$4,221,044
83$7,784,937$1,319,865$630,936$4,559,726
84$8,527,004$1,332,542$600,076$4,931,077
85$9,343,124$1,344,202$566,544$5,338,416
86$10,240,799$1,354,745$530,199$5,785,400
87$11,228,294$1,364,061$490,894$6,276,063
88$12,314,715$1,372,035$448,475$6,814,850
89$13,510,098$1,378,547$402,781$7,406,665
90$14,825,497$1,383,465$353,643$8,056,911
91$16,273,094$1,386,651$300,886$8,771,545
92$17,866,311$1,387,958$244,327$9,557,137
93$19,619,937$1,387,230$183,774$10,420,926
94$21,550,267$1,384,301$119,028$11,370,896
95$23,675,258$1,378,995$49,878$12,415,846
96$26,014,694$1,371,125$0$13,565,478
97$28,590,375$1,360,494$0$14,832,782
98$31,426,326$1,346,890$0$16,232,513
99$34,549,014$1,330,091$0$17,772,893
100$37,987,609$1,309,861$0$19,468,275