Can I retire at age 57 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$66,806$66,211$65,631$65,064$64,511$62,197
2 years$33,073$32,457$31,860$31,281$30,719$28,414
3 years$21,829$21,211$20,615$20,042$19,490$17,264
4 years$16,209$15,592$15,003$14,439$13,900$11,772
5 years$12,837$12,224$11,643$11,091$10,567$8,541
6 years$10,591$9,982$9,409$8,869$8,361$6,440
7 years$8,986$8,383$7,819$7,292$6,800$4,982
8 years$7,784$7,186$6,631$6,117$5,641$3,926
9 years$6,849$6,257$5,711$5,210$4,751$3,135
10 years$6,101$5,515$4,979$4,491$4,048$2,530
11 years$5,490$4,910$4,384$3,909$3,481$2,057
12 years$4,981$4,407$3,890$3,429$3,017$1,683
13 years$4,551$3,982$3,476$3,027$2,631$1,384
14 years$4,182$3,620$3,123$2,687$2,306$1,143
15 years$3,863$3,307$2,820$2,396$2,030$947
16 years$3,584$3,034$2,556$2,146$1,794$786
17 years$3,338$2,794$2,326$1,928$1,591$654
18 years$3,120$2,582$2,124$1,737$1,415$545
19 years$2,925$2,393$1,944$1,570$1,261$455
20 years$2,750$2,223$1,784$1,422$1,126$381
21 years$2,591$2,071$1,641$1,290$1,008$318
22 years$2,447$1,933$1,512$1,173$903$267
23 years$2,316$1,808$1,397$1,068$811$223
24 years$2,196$1,694$1,292$975$729$187
25 years$2,086$1,590$1,196$890$656$157
26 years$1,984$1,494$1,109$814$591$132
27 years$1,890$1,406$1,030$745$533$111
28 years$1,803$1,325$958$682$481$93
29 years$1,722$1,250$891$626$434$78
30 years$1,647$1,181$830$574$392$66
31 years$1,576$1,116$774$527$355$55
32 years$1,511$1,056$722$485$321$46
33 years$1,449$1,000$674$446$290$39
34 years$1,391$948$630$410$263$33
35 years$1,336$899$589$378$238$28
36 years$1,285$853$551$348$216$23
37 years$1,236$810$516$320$195$19
38 years$1,191$770$483$295$177$16
39 years$1,147$732$452$272$161$14
40 years$1,106$697$424$251$146$12
41 years$1,067$663$398$232$132$10
42 years$1,030$632$373$214$120$8
43 years$995$602$350$197$109$7
44 years$961$574$329$182$99$6
45 years$929$547$308$168$90$5
46 years$899$522$290$155$81$4
47 years$870$498$272$144$74$3
48 years$842$475$256$133$67$3
49 years$815$454$240$123$61$2
50 years$790$434$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 $809,000, adding $4,621 every year, while hoping to spend $23,868 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: 33/50/17 Blend
56$809,000$809,000$809,000$809,000
57$896,285$853,408$840,868$920,987
58$962,310$869,829$843,642$956,024
59$1,034,271$886,255$845,708$991,223
60$1,112,746$902,662$847,019$1,028,649
61$1,198,374$919,020$847,523$1,068,512
62$1,291,859$935,303$847,165$1,111,042
63$1,393,973$951,477$845,890$1,156,494
64$1,505,569$967,510$843,638$1,205,151
65$1,627,584$983,366$840,347$1,257,322
66$1,761,051$999,004$835,952$1,313,352
67$1,907,106$1,014,383$830,384$1,373,620
68$2,067,001$1,029,458$823,572$1,438,545
69$2,242,115$1,044,181$815,442$1,508,591
70$2,433,965$1,058,500$805,914$1,584,267
71$2,644,224$1,072,361$794,905$1,666,139
72$2,874,731$1,085,703$782,331$1,754,831
73$3,127,515$1,098,464$768,101$1,851,030
74$3,404,810$1,110,577$752,120$1,955,498
75$3,709,074$1,121,969$734,290$2,069,073
76$4,043,018$1,132,564$714,508$2,192,683
77$4,409,627$1,142,280$692,664$2,327,352
78$4,812,187$1,151,031$668,647$2,474,209
79$5,254,322$1,158,722$642,338$2,634,502
80$5,740,019$1,165,256$613,613$2,809,609
81$6,273,675$1,170,528$582,343$3,001,051
82$6,860,132$1,174,426$548,393$3,210,505
83$7,504,723$1,176,830$511,622$3,439,825
84$8,213,325$1,177,615$471,882$3,691,056
85$8,992,413$1,176,647$429,019$3,966,456
86$9,849,120$1,173,784$382,872$4,268,514
87$10,791,305$1,168,874$333,273$4,599,981
88$11,827,626$1,161,757$280,046$4,963,890
89$12,967,624$1,152,263$223,007$5,363,590
90$14,221,809$1,140,211$161,965$5,802,775
91$15,601,763$1,125,411$96,720$6,285,521
92$17,120,246$1,107,659$27,063$6,816,326
93$18,791,318$1,086,741$0$7,400,151
94$20,630,471$1,062,430$0$8,051,047
95$22,654,774$1,034,484$0$8,772,274
96$24,883,036$1,002,649$0$9,565,625
97$27,335,981$966,654$0$10,438,493
98$30,036,445$926,214$0$11,399,033
99$33,009,591$881,027$0$12,456,237
100$36,283,144$830,773$0$13,620,020