Can I retire at age 57 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$67,054$66,457$65,874$65,305$64,750$63,391
2 years$33,195$32,577$31,978$31,397$30,833$29,470
3 years$21,910$21,289$20,692$20,116$19,562$18,238
4 years$16,269$15,650$15,058$14,493$13,952$12,677
5 years$12,885$12,270$11,686$11,132$10,606$9,383
6 years$10,630$10,019$9,444$8,902$8,392$7,223
7 years$9,020$8,414$7,848$7,319$6,825$5,710
8 years$7,812$7,212$6,656$6,140$5,662$4,601
9 years$6,874$6,280$5,733$5,230$4,768$3,760
10 years$6,124$5,535$4,998$4,508$4,063$3,107
11 years$5,510$4,928$4,400$3,923$3,494$2,589
12 years$5,000$4,423$3,905$3,441$3,028$2,172
13 years$4,568$3,997$3,489$3,038$2,640$1,833
14 years$4,198$3,633$3,135$2,697$2,315$1,553
15 years$3,877$3,319$2,830$2,405$2,038$1,321
16 years$3,597$3,045$2,566$2,154$1,801$1,128
17 years$3,351$2,804$2,335$1,935$1,597$965
18 years$3,132$2,591$2,131$1,744$1,420$827
19 years$2,936$2,402$1,951$1,576$1,266$711
20 years$2,760$2,232$1,791$1,427$1,131$611
21 years$2,601$2,079$1,647$1,295$1,012$527
22 years$2,456$1,940$1,518$1,178$907$454
23 years$2,325$1,815$1,402$1,072$814$392
24 years$2,204$1,700$1,296$978$732$339
25 years$2,093$1,596$1,201$893$658$293
26 years$1,991$1,500$1,114$817$593$254
27 years$1,897$1,411$1,034$748$535$220
28 years$1,810$1,330$961$685$482$190
29 years$1,729$1,255$895$628$436$165
30 years$1,653$1,185$833$576$394$143
31 years$1,582$1,120$777$529$356$124
32 years$1,516$1,060$725$487$322$108
33 years$1,454$1,004$677$447$291$93
34 years$1,396$951$632$412$264$81
35 years$1,341$902$591$379$239$70
36 years$1,290$856$553$349$216$61
37 years$1,241$813$518$322$196$53
38 years$1,195$773$485$296$178$46
39 years$1,151$735$454$273$161$40
40 years$1,110$699$426$252$146$35
41 years$1,071$666$399$233$133$30
42 years$1,034$634$374$215$120$26
43 years$998$604$351$198$109$23
44 years$965$576$330$183$99$20
45 years$933$549$310$169$90$17
46 years$902$524$291$156$82$15
47 years$873$500$273$144$74$13
48 years$845$477$257$133$67$11
49 years$818$456$241$123$61$10
50 years$793$435$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $812,000, adding $6,329 every year, while hoping to spend $59,390 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: 75/20/5 Blend
56$812,000$812,000$812,000$812,000
57$901,352$858,316$845,730$968,171
58$930,100$837,183$810,872$991,830
59$959,789$813,024$772,855$1,009,510
60$990,453$785,628$731,511$1,027,150
61$1,022,127$754,772$686,665$1,044,724
62$1,054,848$720,219$638,132$1,062,203
63$1,088,652$681,720$585,719$1,079,555
64$1,123,580$639,010$529,226$1,096,747
65$1,159,673$591,809$468,443$1,113,745
66$1,196,975$539,823$403,151$1,130,512
67$1,235,530$482,738$333,120$1,147,007
68$1,275,386$420,224$258,112$1,163,188
69$1,316,594$351,933$177,877$1,179,012
70$1,359,205$277,496$92,154$1,194,429
71$1,403,274$196,524$672$1,209,391
72$1,448,859$108,605$0$1,223,845
73$1,496,022$13,305$0$1,242,906
74$1,544,825$0$0$1,261,718
75$1,595,337$0$0$1,299,971
76$1,647,628$0$0$1,342,605
77$1,701,775$0$0$1,386,753
78$1,757,856$0$0$1,432,482
79$1,815,957$0$0$1,479,860
80$1,876,166$0$0$1,528,960
81$1,938,578$0$0$1,579,861
82$2,003,294$0$0$1,632,644
83$2,070,421$0$0$1,687,397
84$2,140,073$0$0$1,744,215
85$2,212,371$0$0$1,803,195
86$2,287,445$0$0$1,864,446
87$2,365,433$0$0$1,928,080
88$2,446,482$0$0$1,994,219
89$2,530,752$0$0$2,062,992
90$2,618,411$0$0$2,134,539
91$2,709,642$0$0$2,209,009
92$2,804,638$0$0$2,286,563
93$2,903,611$0$0$2,367,372
94$3,006,785$0$0$2,451,623
95$3,114,404$0$0$2,539,515
96$3,226,729$0$0$2,631,264
97$3,344,042$0$0$2,727,101
98$3,466,650$0$0$2,827,279
99$3,594,881$0$0$2,932,068
100$3,729,093$0$0$3,041,762