Can I retire at age 57 with 813,000?

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 $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%12.5%
1 years$67,137$66,539$65,955$65,386$64,830$64,153
2 years$33,236$32,617$32,017$31,435$30,871$30,190
3 years$21,937$21,316$20,717$20,141$19,586$18,921
4 years$16,289$15,669$15,077$14,510$13,969$13,325
5 years$12,901$12,285$11,700$11,145$10,619$9,998
6 years$10,643$10,032$9,456$8,913$8,402$7,806
7 years$9,031$8,424$7,858$7,328$6,833$6,262
8 years$7,822$7,221$6,664$6,147$5,669$5,121
9 years$6,883$6,287$5,740$5,236$4,774$4,251
10 years$6,131$5,542$5,004$4,514$4,068$3,568
11 years$5,517$4,934$4,405$3,928$3,498$3,022
12 years$5,006$4,428$3,910$3,446$3,032$2,579
13 years$4,573$4,002$3,493$3,042$2,644$2,213
14 years$4,203$3,638$3,138$2,700$2,317$1,909
15 years$3,882$3,323$2,834$2,408$2,040$1,653
16 years$3,602$3,049$2,569$2,156$1,803$1,436
17 years$3,355$2,808$2,338$1,937$1,599$1,252
18 years$3,135$2,595$2,134$1,746$1,422$1,094
19 years$2,939$2,405$1,954$1,578$1,267$958
20 years$2,763$2,234$1,793$1,429$1,132$840
21 years$2,604$2,081$1,649$1,297$1,013$738
22 years$2,459$1,943$1,520$1,179$908$650
23 years$2,328$1,817$1,403$1,074$815$572
24 years$2,207$1,703$1,298$979$733$505
25 years$2,096$1,598$1,202$894$659$445
26 years$1,994$1,502$1,115$818$594$394
27 years$1,900$1,413$1,035$749$535$348
28 years$1,812$1,332$962$686$483$308
29 years$1,731$1,256$896$629$436$272
30 years$1,655$1,186$834$577$394$241
31 years$1,584$1,122$778$530$356$214
32 years$1,518$1,061$726$487$322$189
33 years$1,456$1,005$678$448$292$168
34 years$1,398$952$633$412$264$149
35 years$1,343$903$592$379$239$132
36 years$1,291$857$554$349$217$117
37 years$1,242$814$518$322$196$104
38 years$1,196$774$485$297$178$92
39 years$1,153$736$455$274$161$82
40 years$1,111$700$426$252$146$73
41 years$1,072$667$400$233$133$65
42 years$1,035$635$375$215$121$57
43 years$1,000$605$352$198$109$51
44 years$966$577$330$183$99$45
45 years$934$550$310$169$90$40
46 years$903$524$291$156$82$36
47 years$874$500$274$144$74$32
48 years$846$478$257$133$68$28
49 years$819$456$242$123$61$25
50 years$794$436$227$114$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $813,000, adding $3,816 every year, while hoping to spend $28,556 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: 26/46/28 Blend
56$813,000$813,000$813,000$813,000
57$899,862$856,773$844,172$915,312
58$961,265$868,372$842,068$939,899
59$1,027,973$879,582$838,937$963,571
60$1,100,499$890,353$834,714$988,385
61$1,179,404$900,635$829,331$1,014,455
62$1,265,307$910,369$822,717$1,041,913
63$1,358,888$919,498$814,798$1,070,903
64$1,460,897$927,956$805,496$1,101,585
65$1,572,158$935,675$794,730$1,134,141
66$1,693,579$942,584$782,414$1,168,769
67$1,826,158$948,604$768,459$1,205,694
68$1,970,995$953,655$752,771$1,245,164
69$2,129,300$957,647$735,252$1,287,455
70$2,302,406$960,489$715,801$1,332,875
71$2,491,781$962,082$694,309$1,381,765
72$2,699,039$962,321$670,665$1,434,505
73$2,925,960$961,094$644,751$1,491,518
74$3,174,503$958,282$616,445$1,553,271
75$3,446,825$953,761$585,619$1,620,287
76$3,745,303$947,397$552,139$1,693,142
77$4,072,553$939,048$515,865$1,772,478
78$4,431,457$928,565$476,650$1,859,005
79$4,825,189$915,789$434,342$1,953,513
80$5,257,247$900,551$388,780$2,056,876
81$5,731,481$882,673$339,799$2,170,064
82$6,252,133$861,965$287,224$2,294,149
83$6,823,878$838,229$230,873$2,430,322
84$7,451,862$811,251$170,556$2,579,901
85$8,141,757$780,807$106,075$2,744,345
86$8,899,810$746,661$37,223$2,925,270
87$9,732,904$708,560$0$3,124,465
88$10,648,621$666,240$0$3,354,739
89$11,655,315$619,420$0$3,620,024
90$12,762,187$567,802$0$3,911,679
91$13,979,379$511,073$0$4,232,459
92$15,318,061$448,901$0$4,585,402
93$16,790,541$380,935$0$4,973,867
94$18,410,381$306,806$0$5,401,558
95$20,192,521$226,120$0$5,872,568
96$22,153,424$138,466$0$6,391,413
97$24,311,229$43,407$0$6,963,079
98$26,685,922$0$0$7,593,070
99$29,299,525$0$0$8,317,586
100$32,176,302$0$0$9,139,405