Can I retire at age 57 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$66,972$66,375$65,793$65,225$64,670$62,080
2 years$33,154$32,537$31,938$31,358$30,795$28,218
3 years$21,883$21,263$20,666$20,091$19,538$17,055
4 years$16,249$15,631$15,040$14,475$13,935$11,565
5 years$12,869$12,255$11,671$11,118$10,593$8,342
6 years$10,617$10,007$9,432$8,891$8,382$6,252
7 years$9,008$8,404$7,838$7,310$6,817$4,806
8 years$7,803$7,204$6,647$6,132$5,655$3,763
9 years$6,866$6,272$5,725$5,223$4,762$2,985
10 years$6,116$5,528$4,992$4,502$4,058$2,391
11 years$5,504$4,922$4,395$3,918$3,490$1,931
12 years$4,993$4,417$3,900$3,437$3,024$1,568
13 years$4,562$3,992$3,484$3,034$2,637$1,280
14 years$4,193$3,629$3,131$2,694$2,312$1,049
15 years$3,873$3,315$2,827$2,402$2,035$862
16 years$3,593$3,041$2,563$2,151$1,799$710
17 years$3,347$2,801$2,332$1,933$1,595$586
18 years$3,128$2,588$2,129$1,742$1,418$485
19 years$2,932$2,399$1,949$1,574$1,264$401
20 years$2,756$2,229$1,789$1,425$1,129$333
21 years$2,597$2,076$1,645$1,294$1,010$276
22 years$2,453$1,938$1,516$1,176$906$229
23 years$2,322$1,813$1,400$1,071$813$190
24 years$2,201$1,698$1,295$977$731$158
25 years$2,091$1,594$1,199$892$658$132
26 years$1,989$1,498$1,112$816$592$109
27 years$1,895$1,410$1,033$747$534$91
28 years$1,808$1,328$960$684$482$76
29 years$1,726$1,253$893$627$435$63
30 years$1,651$1,183$832$576$393$53
31 years$1,580$1,119$776$529$355$44
32 years$1,514$1,059$724$486$322$36
33 years$1,452$1,003$676$447$291$30
34 years$1,394$950$632$411$263$25
35 years$1,340$901$590$379$239$21
36 years$1,288$855$552$349$216$18
37 years$1,239$812$517$321$196$15
38 years$1,193$772$484$296$178$12
39 years$1,150$734$454$273$161$10
40 years$1,109$698$425$252$146$8
41 years$1,070$665$399$232$133$7
42 years$1,033$633$374$214$120$6
43 years$997$603$351$198$109$5
44 years$964$575$329$183$99$4
45 years$932$548$309$169$90$3
46 years$901$523$290$156$82$3
47 years$872$499$273$144$74$2
48 years$844$477$256$133$67$2
49 years$817$455$241$123$61$2
50 years$792$435$227$114$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $811,000, adding $4,230 every year, while hoping to spend $24,301 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: 67/20/13 Blend
56$811,000$811,000$811,000$811,000
57$898,085$855,102$842,532$955,331
58$963,834$871,146$844,900$1,010,053
59$1,035,474$887,162$846,534$1,066,595
60$1,113,582$903,122$847,382$1,127,797
61$1,198,790$918,998$847,392$1,194,113
62$1,291,796$934,758$846,509$1,266,044
63$1,393,366$950,367$844,674$1,344,142
64$1,504,345$965,791$841,826$1,429,014
65$1,625,663$980,990$837,902$1,521,330
66$1,758,343$995,921$832,834$1,621,828
67$1,903,513$1,010,540$826,553$1,731,322
68$2,062,413$1,024,799$818,985$1,850,708
69$2,236,411$1,038,645$810,053$1,980,974
70$2,427,011$1,052,025$799,675$2,123,209
71$2,635,870$1,064,879$787,769$2,278,613
72$2,864,815$1,077,143$774,245$2,448,508
73$3,115,854$1,088,751$759,010$2,634,353
74$3,391,202$1,099,631$741,968$2,837,753
75$3,693,298$1,109,706$723,017$3,060,481
76$4,024,828$1,118,896$702,052$3,304,488
77$4,388,751$1,127,112$678,961$3,571,925
78$4,788,325$1,134,262$653,628$3,865,164
79$5,227,142$1,140,248$625,932$4,186,820
80$5,709,155$1,144,966$595,746$4,539,773
81$6,238,723$1,148,303$562,937$4,927,199
82$6,820,645$1,150,141$527,367$5,352,599
83$7,460,208$1,150,356$488,891$5,819,831
84$8,163,238$1,148,812$447,358$6,333,148
85$8,936,152$1,145,368$402,609$6,897,237
86$9,786,023$1,139,874$354,479$7,517,267
87$10,720,639$1,132,170$302,796$8,198,931
88$11,748,584$1,122,086$247,380$8,948,509
89$12,879,315$1,109,443$188,042$9,772,918
90$14,123,249$1,094,051$124,586$10,679,785
91$15,491,868$1,075,706$56,807$11,677,517
92$16,997,819$1,054,197$0$12,775,379
93$18,655,040$1,029,295$0$13,985,738
94$20,478,885$1,000,762$0$15,326,245
95$22,486,275$968,343$0$16,801,451
96$24,695,853$931,770$0$18,425,064
97$27,128,162$890,758$0$20,212,193
98$29,805,835$845,006$0$22,179,486
99$32,753,815$794,196$0$24,345,292
100$35,999,585$737,992$0$26,729,831