Can I retire at age 57 with 812,000?

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 $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%13.4%
1 years$67,054$66,457$65,874$65,305$64,750$63,835
2 years$33,195$32,577$31,978$31,397$30,833$29,913
3 years$21,910$21,289$20,692$20,116$19,562$18,665
4 years$16,269$15,650$15,058$14,493$13,952$13,086
5 years$12,885$12,270$11,686$11,132$10,606$9,773
6 years$10,630$10,019$9,444$8,902$8,392$7,593
7 years$9,020$8,414$7,848$7,319$6,825$6,060
8 years$7,812$7,212$6,656$6,140$5,662$4,931
9 years$6,874$6,280$5,733$5,230$4,768$4,071
10 years$6,124$5,535$4,998$4,508$4,063$3,399
11 years$5,510$4,928$4,400$3,923$3,494$2,863
12 years$5,000$4,423$3,905$3,441$3,028$2,429
13 years$4,568$3,997$3,489$3,038$2,640$2,072
14 years$4,198$3,633$3,135$2,697$2,315$1,776
15 years$3,877$3,319$2,830$2,405$2,038$1,529
16 years$3,597$3,045$2,566$2,154$1,801$1,320
17 years$3,351$2,804$2,335$1,935$1,597$1,143
18 years$3,132$2,591$2,131$1,744$1,420$993
19 years$2,936$2,402$1,951$1,576$1,266$864
20 years$2,760$2,232$1,791$1,427$1,131$753
21 years$2,601$2,079$1,647$1,295$1,012$657
22 years$2,456$1,940$1,518$1,178$907$574
23 years$2,325$1,815$1,402$1,072$814$502
24 years$2,204$1,700$1,296$978$732$440
25 years$2,093$1,596$1,201$893$658$385
26 years$1,991$1,500$1,114$817$593$338
27 years$1,897$1,411$1,034$748$535$297
28 years$1,810$1,330$961$685$482$261
29 years$1,729$1,255$895$628$436$229
30 years$1,653$1,185$833$576$394$201
31 years$1,582$1,120$777$529$356$177
32 years$1,516$1,060$725$487$322$156
33 years$1,454$1,004$677$447$291$137
34 years$1,396$951$632$412$264$121
35 years$1,341$902$591$379$239$106
36 years$1,290$856$553$349$216$94
37 years$1,241$813$518$322$196$82
38 years$1,195$773$485$296$178$73
39 years$1,151$735$454$273$161$64
40 years$1,110$699$426$252$146$56
41 years$1,071$666$399$233$133$50
42 years$1,034$634$374$215$120$44
43 years$998$604$351$198$109$39
44 years$965$576$330$183$99$34
45 years$933$549$310$169$90$30
46 years$902$524$291$156$82$26
47 years$873$500$273$144$74$23
48 years$845$477$257$133$67$21
49 years$818$456$241$123$61$18
50 years$793$435$227$114$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $812,000, adding $6,998 every year, while hoping to spend $53,069 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: 71/15/14 Blend
56$812,000$812,000$812,000$812,000
57$902,042$859,006$846,420$962,800
58$937,586$844,633$818,311$989,659
59$974,976$827,776$787,480$1,011,951
60$1,014,345$808,259$753,783$1,034,962
61$1,055,837$785,893$717,063$1,058,755
62$1,099,610$760,479$677,162$1,083,396
63$1,145,834$731,806$633,911$1,108,962
64$1,194,695$699,651$587,133$1,135,540
65$1,246,398$663,778$536,646$1,163,225
66$1,301,165$623,937$482,258$1,192,124
67$1,359,239$579,865$423,769$1,222,357
68$1,420,885$531,281$360,968$1,254,057
69$1,486,393$477,892$293,639$1,287,374
70$1,556,081$419,385$221,552$1,322,475
71$1,630,297$355,430$144,469$1,359,544
72$1,709,421$285,680$62,143$1,398,790
73$1,793,870$209,766$0$1,440,444
74$1,884,100$127,301$0$1,488,603
75$1,980,613$37,873$0$1,549,868
76$2,083,956$0$0$1,615,310
77$2,194,732$0$0$1,695,055
78$2,313,601$0$0$1,787,363
79$2,441,287$0$0$1,886,548
80$2,578,586$0$0$1,993,230
81$2,726,370$0$0$2,108,094
82$2,885,598$0$0$2,231,888
83$3,057,323$0$0$2,365,434
84$3,242,703$0$0$2,509,639
85$3,443,007$0$0$2,665,494
86$3,659,633$0$0$2,834,092
87$3,894,116$0$0$3,016,635
88$4,148,145$0$0$3,214,440
89$4,423,574$0$0$3,428,961
90$4,722,446$0$0$3,661,791
91$5,047,003$0$0$3,914,688
92$5,399,716$0$0$4,189,580
93$5,783,300$0$0$4,488,593
94$6,200,744$0$0$4,814,063
95$6,655,334$0$0$5,168,562
96$7,150,689$0$0$5,554,918
97$7,690,790$0$0$5,976,247
98$8,280,020$0$0$6,435,975
99$8,923,201$0$0$6,937,874
100$9,625,643$0$0$7,486,099