Can I retire at age 57 with 814,000?

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 $814,000?

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$67,219$66,621$66,036$65,466$64,910$62,334
2 years$33,277$32,657$32,057$31,474$30,909$28,347
3 years$21,964$21,342$20,743$20,166$19,610$17,141
4 years$16,309$15,688$15,095$14,528$13,986$11,629
5 years$12,917$12,300$11,715$11,159$10,632$8,393
6 years$10,656$10,044$9,467$8,924$8,413$6,293
7 years$9,042$8,435$7,867$7,337$6,842$4,841
8 years$7,832$7,230$6,672$6,155$5,676$3,792
9 years$6,891$6,295$5,747$5,243$4,780$3,010
10 years$6,139$5,549$5,010$4,519$4,073$2,413
11 years$5,524$4,940$4,411$3,933$3,503$1,950
12 years$5,012$4,434$3,914$3,450$3,035$1,585
13 years$4,579$4,007$3,497$3,046$2,647$1,294
14 years$4,208$3,642$3,142$2,704$2,320$1,061
15 years$3,887$3,327$2,837$2,411$2,043$873
16 years$3,606$3,053$2,572$2,159$1,806$719
17 years$3,359$2,811$2,341$1,940$1,601$594
18 years$3,139$2,598$2,137$1,748$1,423$492
19 years$2,943$2,408$1,956$1,580$1,269$407
20 years$2,767$2,237$1,795$1,431$1,133$338
21 years$2,607$2,084$1,651$1,298$1,014$281
22 years$2,462$1,945$1,522$1,180$909$233
23 years$2,330$1,819$1,405$1,075$816$194
24 years$2,210$1,705$1,300$981$733$161
25 years$2,099$1,600$1,204$895$660$134
26 years$1,996$1,503$1,116$819$595$112
27 years$1,902$1,415$1,037$749$536$93
28 years$1,814$1,333$964$687$484$78
29 years$1,733$1,258$897$630$437$65
30 years$1,657$1,188$835$578$395$54
31 years$1,586$1,123$779$531$357$45
32 years$1,520$1,063$727$488$323$37
33 years$1,458$1,006$678$449$292$31
34 years$1,399$954$634$413$264$26
35 years$1,345$905$593$380$239$22
36 years$1,293$859$554$350$217$18
37 years$1,244$815$519$322$197$15
38 years$1,198$775$486$297$178$13
39 years$1,154$737$455$274$162$10
40 years$1,113$701$427$253$147$9
41 years$1,074$667$400$233$133$7
42 years$1,036$636$375$215$121$6
43 years$1,001$606$352$199$110$5
44 years$967$577$331$183$99$4
45 years$935$550$310$169$90$4
46 years$904$525$292$156$82$3
47 years$875$501$274$145$74$2
48 years$847$478$257$134$68$2
49 years$820$457$242$123$61$2
50 years$795$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 $814,000, adding $2,419 every year, while hoping to spend $49,555 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: 78/14/8 Blend
56$814,000$814,000$814,000$814,000
57$899,523$856,381$843,764$968,502
58$938,548$845,618$819,304$1,003,364
59$979,893$832,666$792,364$1,034,921
60$1,023,742$817,366$762,808$1,068,074
61$1,070,297$799,550$730,495$1,102,959
62$1,119,777$779,038$695,276$1,139,729
63$1,172,424$755,640$656,997$1,178,548
64$1,228,501$729,157$615,497$1,219,602
65$1,288,297$699,375$570,605$1,263,094
66$1,352,130$666,070$522,147$1,309,248
67$1,420,344$629,005$469,936$1,358,312
68$1,493,321$587,928$413,781$1,410,560
69$1,571,477$542,574$353,479$1,466,295
70$1,655,269$492,661$288,822$1,525,851
71$1,745,197$437,892$219,588$1,589,597
72$1,841,813$377,954$145,550$1,657,941
73$1,945,719$312,515$66,467$1,731,334
74$2,057,579$241,226$0$1,810,275
75$2,178,121$163,715$0$1,896,842
76$2,308,144$79,591$0$1,996,269
77$2,448,528$0$0$2,103,569
78$2,600,236$0$0$2,221,290
79$2,764,330$0$0$2,361,905
80$2,941,976$0$0$2,514,155
81$3,134,456$0$0$2,679,141
82$3,343,179$0$0$2,858,076
83$3,569,697$0$0$3,052,290
84$3,815,712$0$0$3,263,249
85$4,083,101$0$0$3,492,563
86$4,373,927$0$0$3,742,006
87$4,690,459$0$0$4,013,529
88$5,035,195$0$0$4,309,276
89$5,410,882$0$0$4,631,611
90$5,820,546$0$0$4,983,131
91$6,267,514$0$0$5,366,698
92$6,755,452$0$0$5,785,460
93$7,288,391$0$0$6,242,884
94$7,870,773$0$0$6,742,786
95$8,507,485$0$0$7,289,365
96$9,203,909$0$0$7,887,249
97$9,965,971$0$0$8,541,529
98$10,800,196$0$0$9,257,814
99$11,713,770$0$0$10,042,279
100$12,714,605$0$0$10,901,725