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%19.9%
1 years$67,137$66,539$65,955$65,386$64,830$62,258
2 years$33,236$32,617$32,017$31,435$30,871$28,312
3 years$21,937$21,316$20,717$20,141$19,586$17,120
4 years$16,289$15,669$15,077$14,510$13,969$11,615
5 years$12,901$12,285$11,700$11,145$10,619$8,383
6 years$10,643$10,032$9,456$8,913$8,402$6,285
7 years$9,031$8,424$7,858$7,328$6,833$4,835
8 years$7,822$7,221$6,664$6,147$5,669$3,787
9 years$6,883$6,287$5,740$5,236$4,774$3,006
10 years$6,131$5,542$5,004$4,514$4,068$2,410
11 years$5,517$4,934$4,405$3,928$3,498$1,947
12 years$5,006$4,428$3,910$3,446$3,032$1,583
13 years$4,573$4,002$3,493$3,042$2,644$1,293
14 years$4,203$3,638$3,138$2,700$2,317$1,060
15 years$3,882$3,323$2,834$2,408$2,040$872
16 years$3,602$3,049$2,569$2,156$1,803$718
17 years$3,355$2,808$2,338$1,937$1,599$594
18 years$3,135$2,595$2,134$1,746$1,422$491
19 years$2,939$2,405$1,954$1,578$1,267$407
20 years$2,763$2,234$1,793$1,429$1,132$338
21 years$2,604$2,081$1,649$1,297$1,013$280
22 years$2,459$1,943$1,520$1,179$908$233
23 years$2,328$1,817$1,403$1,074$815$194
24 years$2,207$1,703$1,298$979$733$161
25 years$2,096$1,598$1,202$894$659$134
26 years$1,994$1,502$1,115$818$594$112
27 years$1,900$1,413$1,035$749$535$93
28 years$1,812$1,332$962$686$483$77
29 years$1,731$1,256$896$629$436$64
30 years$1,655$1,186$834$577$394$54
31 years$1,584$1,122$778$530$356$45
32 years$1,518$1,061$726$487$322$37
33 years$1,456$1,005$678$448$292$31
34 years$1,398$952$633$412$264$26
35 years$1,343$903$592$379$239$22
36 years$1,291$857$554$349$217$18
37 years$1,242$814$518$322$196$15
38 years$1,196$774$485$297$178$13
39 years$1,153$736$455$274$161$10
40 years$1,111$700$426$252$146$9
41 years$1,072$667$400$233$133$7
42 years$1,035$635$375$215$121$6
43 years$1,000$605$352$198$109$5
44 years$966$577$330$183$99$4
45 years$934$550$310$169$90$4
46 years$903$524$291$156$82$3
47 years$874$500$274$144$74$2
48 years$846$478$257$133$68$2
49 years$819$456$242$123$61$2
50 years$794$436$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 $813,000, adding $5,123 every year, while hoping to spend $50,737 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: 51/29/20 Blend
56$813,000$813,000$813,000$813,000
57$901,210$858,121$845,520$941,931
58$939,150$846,186$819,861$958,642
59$979,259$831,964$791,642$971,149
60$1,021,705$815,292$760,724$983,669
61$1,066,672$795,994$726,960$996,224
62$1,114,358$773,884$690,200$1,008,836
63$1,164,984$748,765$650,282$1,021,537
64$1,218,787$720,430$607,042$1,034,363
65$1,276,030$688,658$560,305$1,047,358
66$1,337,000$653,216$509,889$1,060,575
67$1,402,009$613,859$455,605$1,074,077
68$1,471,400$570,325$397,255$1,087,936
69$1,545,551$522,339$334,631$1,102,237
70$1,624,873$469,609$267,517$1,117,079
71$1,709,819$411,829$195,688$1,132,576
72$1,800,885$348,673$118,908$1,148,859
73$1,898,614$279,797$36,930$1,166,079
74$2,003,604$204,838$0$1,184,407
75$2,116,510$123,413$0$1,214,829
76$2,238,051$35,117$0$1,255,892
77$2,369,017$0$0$1,300,020
78$2,510,277$0$0$1,366,861
79$2,662,783$0$0$1,451,188
80$2,827,583$0$0$1,542,380
81$3,005,829$0$0$1,641,084
82$3,198,785$0$0$1,748,010
83$3,407,843$0$0$1,863,937
84$3,634,533$0$0$1,989,724
85$3,880,536$0$0$2,126,314
86$4,147,703$0$0$2,274,747
87$4,438,069$0$0$2,436,163
88$4,753,872$0$0$2,611,820
89$5,097,575$0$0$2,803,100
90$5,471,888$0$0$3,011,523
91$5,879,794$0$0$3,238,765
92$6,324,574$0$0$3,486,668
93$6,809,840$0$0$3,757,259
94$7,339,568$0$0$4,052,772
95$7,918,135$0$0$4,375,664
96$8,550,359$0$0$4,728,640
97$9,241,544$0$0$5,114,679
98$9,997,529$0$0$5,537,061
99$10,824,746$0$0$5,999,399
100$11,730,273$0$0$6,505,667