Can I retire at age 57 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,302$66,702$66,118$65,547$64,989$63,599
2 years$33,318$32,697$32,096$31,513$30,947$29,553
3 years$21,991$21,368$20,768$20,191$19,634$18,280
4 years$16,329$15,708$15,114$14,546$14,003$12,700
5 years$12,933$12,315$11,729$11,173$10,645$9,395
6 years$10,669$10,056$9,479$8,935$8,423$7,229
7 years$9,053$8,445$7,877$7,346$6,850$5,711
8 years$7,841$7,239$6,680$6,162$5,683$4,599
9 years$6,899$6,303$5,754$5,249$4,786$3,757
10 years$6,146$5,556$5,016$4,525$4,078$3,102
11 years$5,531$4,946$4,416$3,938$3,507$2,583
12 years$5,018$4,439$3,919$3,454$3,039$2,166
13 years$4,584$4,012$3,502$3,049$2,650$1,826
14 years$4,213$3,647$3,146$2,707$2,323$1,547
15 years$3,892$3,331$2,841$2,414$2,045$1,315
16 years$3,611$3,056$2,575$2,162$1,808$1,121
17 years$3,363$2,815$2,344$1,942$1,603$959
18 years$3,143$2,601$2,139$1,750$1,425$821
19 years$2,947$2,411$1,958$1,581$1,270$705
20 years$2,770$2,240$1,797$1,432$1,135$606
21 years$2,610$2,086$1,653$1,300$1,015$522
22 years$2,465$1,948$1,524$1,182$910$450
23 years$2,333$1,822$1,407$1,076$817$388
24 years$2,212$1,707$1,301$982$734$335
25 years$2,101$1,602$1,205$897$661$290
26 years$1,999$1,505$1,118$820$595$250
27 years$1,904$1,417$1,038$750$537$217
28 years$1,816$1,335$965$688$484$187
29 years$1,735$1,259$898$630$437$162
30 years$1,659$1,189$836$579$395$141
31 years$1,588$1,124$780$531$357$122
32 years$1,522$1,064$727$488$323$106
33 years$1,460$1,007$679$449$292$92
34 years$1,401$955$635$413$265$79
35 years$1,346$906$593$380$240$69
36 years$1,294$860$555$350$217$60
37 years$1,246$816$520$323$197$52
38 years$1,199$776$487$298$179$45
39 years$1,156$738$456$274$162$39
40 years$1,114$702$427$253$147$34
41 years$1,075$668$401$233$133$29
42 years$1,038$636$376$215$121$25
43 years$1,002$606$353$199$110$22
44 years$968$578$331$184$100$19
45 years$936$551$311$170$90$17
46 years$905$526$292$157$82$14
47 years$876$502$274$145$75$13
48 years$848$479$258$134$68$11
49 years$821$457$242$124$61$9
50 years$796$437$228$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $815,000, adding $3,647 every year, while hoping to spend $55,106 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: 71/8/21 Blend
56$815,000$815,000$815,000$815,000
57$901,892$858,697$846,064$961,032
58$935,252$842,141$815,775$984,373
59$970,169$822,926$782,624$1,003,039
60$1,006,742$800,865$746,458$1,022,112
61$1,045,080$775,758$707,115$1,041,627
62$1,085,302$747,394$664,427$1,061,621
63$1,127,535$715,549$618,218$1,082,138
64$1,171,920$679,987$568,304$1,103,228
65$1,218,607$640,457$514,493$1,124,946
66$1,267,761$596,696$456,585$1,147,356
67$1,319,562$548,424$394,370$1,170,530
68$1,374,206$495,345$327,630$1,194,548
69$1,431,904$437,146$256,135$1,219,502
70$1,492,890$373,498$179,647$1,245,493
71$1,557,417$304,051$97,917$1,272,637
72$1,625,761$228,437$10,685$1,301,064
73$1,698,225$146,268$0$1,330,918
74$1,775,140$57,131$0$1,380,828
75$1,856,867$0$0$1,436,265
76$1,943,800$0$0$1,498,573
77$2,036,373$0$0$1,570,302
78$2,135,059$0$0$1,646,792
79$2,240,377$0$0$1,728,447
80$2,352,895$0$0$1,815,713
81$2,473,236$0$0$1,909,075
82$2,602,082$0$0$2,009,066
83$2,740,182$0$0$2,116,273
84$2,888,359$0$0$2,231,337
85$3,047,513$0$0$2,354,962
86$3,218,634$0$0$2,487,922
87$3,402,808$0$0$2,631,066
88$3,601,227$0$0$2,785,325
89$3,815,202$0$0$2,951,725
90$4,046,173$0$0$3,131,389
91$4,295,719$0$0$3,325,555
92$4,565,580$0$0$3,535,582
93$4,857,664$0$0$3,762,961
94$5,174,073$0$0$4,009,336
95$5,517,115$0$0$4,276,511
96$5,889,329$0$0$4,566,473
97$6,293,507$0$0$4,881,404
98$6,732,720$0$0$5,223,706
99$7,210,346$0$0$5,596,021
100$7,730,104$0$0$6,001,257