Can I retire at age 57 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$67,137$66,539$65,955$65,386$64,830$64,421
2 years$33,236$32,617$32,017$31,435$30,871$30,459
3 years$21,937$21,316$20,717$20,141$19,586$19,183
4 years$16,289$15,669$15,077$14,510$13,969$13,578
5 years$12,901$12,285$11,700$11,145$10,619$10,242
6 years$10,643$10,032$9,456$8,913$8,402$8,039
7 years$9,031$8,424$7,858$7,328$6,833$6,484
8 years$7,822$7,221$6,664$6,147$5,669$5,334
9 years$6,883$6,287$5,740$5,236$4,774$4,453
10 years$6,131$5,542$5,004$4,514$4,068$3,761
11 years$5,517$4,934$4,405$3,928$3,498$3,205
12 years$5,006$4,428$3,910$3,446$3,032$2,752
13 years$4,573$4,002$3,493$3,042$2,644$2,377
14 years$4,203$3,638$3,138$2,700$2,317$2,063
15 years$3,882$3,323$2,834$2,408$2,040$1,799
16 years$3,602$3,049$2,569$2,156$1,803$1,574
17 years$3,355$2,808$2,338$1,937$1,599$1,381
18 years$3,135$2,595$2,134$1,746$1,422$1,216
19 years$2,939$2,405$1,954$1,578$1,267$1,072
20 years$2,763$2,234$1,793$1,429$1,132$947
21 years$2,604$2,081$1,649$1,297$1,013$839
22 years$2,459$1,943$1,520$1,179$908$743
23 years$2,328$1,817$1,403$1,074$815$660
24 years$2,207$1,703$1,298$979$733$586
25 years$2,096$1,598$1,202$894$659$522
26 years$1,994$1,502$1,115$818$594$465
27 years$1,900$1,413$1,035$749$535$414
28 years$1,812$1,332$962$686$483$369
29 years$1,731$1,256$896$629$436$329
30 years$1,655$1,186$834$577$394$294
31 years$1,584$1,122$778$530$356$263
32 years$1,518$1,061$726$487$322$235
33 years$1,456$1,005$678$448$292$210
34 years$1,398$952$633$412$264$188
35 years$1,343$903$592$379$239$168
36 years$1,291$857$554$349$217$150
37 years$1,242$814$518$322$196$134
38 years$1,196$774$485$297$178$120
39 years$1,153$736$455$274$161$108
40 years$1,111$700$426$252$146$96
41 years$1,072$667$400$233$133$86
42 years$1,035$635$375$215$121$77
43 years$1,000$605$352$198$109$69
44 years$966$577$330$183$99$62
45 years$934$550$310$169$90$56
46 years$903$524$291$156$82$50
47 years$874$500$274$144$74$45
48 years$846$478$257$133$68$40
49 years$819$456$242$123$61$36
50 years$794$436$227$114$56$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $813,000, adding $3,903 every year, while hoping to spend $59,415 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: 57/34/9 Blend
56$813,000$813,000$813,000$813,000
57$899,952$856,863$844,261$949,120
58$928,530$835,632$809,327$961,482
59$958,032$811,370$771,231$967,971
60$988,488$783,864$729,805$973,599
61$1,019,933$752,892$684,872$978,289
62$1,052,399$718,217$636,248$981,963
63$1,085,923$679,589$583,742$984,535
64$1,120,540$636,742$527,151$985,915
65$1,156,290$589,397$466,265$986,008
66$1,193,213$537,259$400,866$984,714
67$1,231,349$480,013$330,723$981,926
68$1,270,743$417,330$255,598$977,532
69$1,311,439$348,859$175,242$971,411
70$1,353,486$274,233$89,392$963,439
71$1,396,932$193,061$0$953,481
72$1,441,829$104,932$0$941,612
73$1,488,232$9,409$0$936,644
74$1,536,197$0$0$929,855
75$1,585,784$0$0$956,266
76$1,637,054$0$0$987,216
77$1,690,074$0$0$1,019,226
78$1,744,913$0$0$1,052,338
79$1,801,642$0$0$1,086,595
80$1,860,338$0$0$1,122,044
81$1,921,082$0$0$1,158,734
82$1,983,957$0$0$1,196,718
83$2,049,054$0$0$1,236,049
84$2,116,467$0$0$1,276,786
85$2,186,296$0$0$1,318,990
86$2,258,647$0$0$1,362,725
87$2,333,632$0$0$1,408,062
88$2,411,370$0$0$1,455,072
89$2,491,989$0$0$1,503,834
90$2,575,623$0$0$1,554,431
91$2,662,415$0$0$1,606,951
92$2,752,518$0$0$1,661,488
93$2,846,095$0$0$1,718,142
94$2,943,322$0$0$1,777,021
95$3,044,383$0$0$1,838,240
96$3,149,479$0$0$1,901,923
97$3,258,825$0$0$1,968,200
98$3,372,648$0$0$2,037,215
99$3,491,196$0$0$2,109,120
100$3,614,734$0$0$2,184,078