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%16%
1 years$67,302$66,702$66,118$65,547$64,989$63,392
2 years$33,318$32,697$32,096$31,513$30,947$29,348
3 years$21,991$21,368$20,768$20,191$19,634$18,083
4 years$16,329$15,708$15,114$14,546$14,003$12,512
5 years$12,933$12,315$11,729$11,173$10,645$9,218
6 years$10,669$10,056$9,479$8,935$8,423$7,061
7 years$9,053$8,445$7,877$7,346$6,850$5,554
8 years$7,841$7,239$6,680$6,162$5,683$4,452
9 years$6,899$6,303$5,754$5,249$4,786$3,619
10 years$6,146$5,556$5,016$4,525$4,078$2,973
11 years$5,531$4,946$4,416$3,938$3,507$2,463
12 years$5,018$4,439$3,919$3,454$3,039$2,055
13 years$4,584$4,012$3,502$3,049$2,650$1,723
14 years$4,213$3,647$3,146$2,707$2,323$1,452
15 years$3,892$3,331$2,841$2,414$2,045$1,227
16 years$3,611$3,056$2,575$2,162$1,808$1,040
17 years$3,363$2,815$2,344$1,942$1,603$884
18 years$3,143$2,601$2,139$1,750$1,425$753
19 years$2,947$2,411$1,958$1,581$1,270$643
20 years$2,770$2,240$1,797$1,432$1,135$549
21 years$2,610$2,086$1,653$1,300$1,015$470
22 years$2,465$1,948$1,524$1,182$910$403
23 years$2,333$1,822$1,407$1,076$817$345
24 years$2,212$1,707$1,301$982$734$296
25 years$2,101$1,602$1,205$897$661$254
26 years$1,999$1,505$1,118$820$595$219
27 years$1,904$1,417$1,038$750$537$188
28 years$1,816$1,335$965$688$484$162
29 years$1,735$1,259$898$630$437$139
30 years$1,659$1,189$836$579$395$120
31 years$1,588$1,124$780$531$357$103
32 years$1,522$1,064$727$488$323$89
33 years$1,460$1,007$679$449$292$76
34 years$1,401$955$635$413$265$66
35 years$1,346$906$593$380$240$57
36 years$1,294$860$555$350$217$49
37 years$1,246$816$520$323$197$42
38 years$1,199$776$487$298$179$36
39 years$1,156$738$456$274$162$31
40 years$1,114$702$427$253$147$27
41 years$1,075$668$401$233$133$23
42 years$1,038$636$376$215$121$20
43 years$1,002$606$353$199$110$17
44 years$968$578$331$184$100$15
45 years$936$551$311$170$90$13
46 years$905$526$292$157$82$11
47 years$876$502$274$145$75$9
48 years$848$479$258$134$68$8
49 years$821$457$242$124$61$7
50 years$796$437$228$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $815,000, adding $3,769 every year, while hoping to spend $54,162 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: 36/45/19 Blend
56$815,000$815,000$815,000$815,000
57$902,018$858,823$846,190$929,165
58$936,396$843,277$816,910$933,722
59$972,465$825,154$784,833$933,296
60$1,010,340$804,271$749,809$931,709
61$1,050,148$780,433$711,681$928,887
62$1,092,024$753,435$670,282$924,756
63$1,136,116$723,059$625,442$919,238
64$1,182,585$689,075$576,981$912,253
65$1,231,608$651,239$524,709$903,719
66$1,283,376$609,293$468,430$893,552
67$1,338,098$562,966$407,940$881,665
68$1,396,001$511,969$343,023$867,973
69$1,457,335$455,997$273,457$852,385
70$1,522,373$394,730$199,007$834,812
71$1,591,410$327,827$119,428$815,164
72$1,664,772$254,929$34,468$793,350
73$1,742,815$175,657$0$769,281
74$1,825,927$89,610$0$754,261
75$1,914,536$0$0$745,006
76$2,009,107$0$0$736,296
77$2,110,152$0$0$774,468
78$2,218,231$0$0$815,371
79$2,333,959$0$0$859,247
80$2,458,009$0$0$906,359
81$2,591,122$0$0$957,001
82$2,734,106$0$0$1,011,491
83$2,887,855$0$0$1,070,181
84$3,053,343$0$0$1,133,456
85$3,231,646$0$0$1,201,739
86$3,423,942$0$0$1,275,497
87$3,631,526$0$0$1,355,240
88$3,855,822$0$0$1,441,530
89$4,098,393$0$0$1,534,986
90$4,360,958$0$0$1,636,287
91$4,645,408$0$0$1,746,179
92$4,953,820$0$0$1,865,485
93$5,288,479$0$0$1,995,108
94$5,651,899$0$0$2,136,041
95$6,046,843$0$0$2,289,379
96$6,476,353$0$0$2,456,324
97$6,943,774$0$0$2,638,200
98$7,452,787$0$0$2,836,465
99$8,007,443$0$0$3,052,722
100$8,612,200$0$0$3,288,735