Can I retire at age 57 with 815,000?

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 $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 $6,274 every year, while hoping to spend $23,251 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: 40/46/14 Blend
56$815,000$815,000$815,000$815,000
57$904,602$861,407$848,774$936,780
58$972,132$878,877$852,469$977,636
59$1,045,771$896,423$855,509$1,019,056
60$1,126,118$914,026$857,846$1,063,360
61$1,213,831$931,662$859,433$1,110,820
62$1,309,635$949,307$860,218$1,161,736
63$1,414,330$966,935$860,146$1,216,441
64$1,528,793$984,516$859,163$1,275,300
65$1,653,992$1,002,020$857,207$1,338,715
66$1,790,994$1,019,414$854,218$1,407,132
67$1,940,971$1,036,661$850,131$1,481,041
68$2,105,216$1,053,723$844,876$1,560,983
69$2,285,151$1,070,558$838,382$1,647,555
70$2,482,343$1,087,123$830,575$1,741,415
71$2,698,519$1,103,368$821,375$1,843,290
72$2,935,578$1,119,243$810,701$1,953,981
73$3,195,614$1,134,693$798,467$2,074,371
74$3,480,932$1,149,659$784,582$2,205,437
75$3,794,074$1,164,079$768,951$2,348,253
76$4,137,835$1,177,884$751,477$2,504,006
77$4,515,298$1,191,005$732,056$2,674,006
78$4,929,858$1,203,363$710,579$2,859,695
79$5,385,254$1,214,878$686,933$3,062,668
80$5,885,605$1,225,463$661,001$3,284,680
81$6,435,451$1,235,024$632,659$3,527,669
82$7,039,790$1,243,464$601,776$3,793,774
83$7,704,132$1,250,677$568,219$4,085,353
84$8,434,545$1,256,551$531,845$4,405,006
85$9,237,714$1,260,968$492,507$4,755,601
86$10,121,006$1,263,800$450,052$5,140,302
87$11,092,537$1,264,915$404,317$5,562,600
88$12,161,248$1,264,168$355,134$6,026,342
89$13,336,992$1,261,409$302,328$6,535,772
90$14,630,624$1,256,477$245,714$7,095,572
91$16,054,104$1,249,200$185,102$7,710,904
92$17,620,610$1,239,399$120,290$8,387,460
93$19,344,663$1,226,880$51,071$9,131,519
94$21,242,262$1,211,441$0$9,950,002
95$23,331,036$1,192,865$0$10,853,951
96$25,630,410$1,170,923$0$11,856,739
97$28,161,788$1,145,375$0$12,960,048
98$30,948,754$1,115,962$0$14,174,150
99$34,017,297$1,082,414$0$15,510,368
100$37,396,051$1,044,442$0$16,981,188