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%11.4%
1 years$67,302$66,702$66,118$65,547$64,989$64,607
2 years$33,318$32,697$32,096$31,513$30,947$30,561
3 years$21,991$21,368$20,768$20,191$19,634$19,257
4 years$16,329$15,708$15,114$14,546$14,003$13,637
5 years$12,933$12,315$11,729$11,173$10,645$10,292
6 years$10,669$10,056$9,479$8,935$8,423$8,083
7 years$9,053$8,445$7,877$7,346$6,850$6,523
8 years$7,841$7,239$6,680$6,162$5,683$5,369
9 years$6,899$6,303$5,754$5,249$4,786$4,485
10 years$6,146$5,556$5,016$4,525$4,078$3,790
11 years$5,531$4,946$4,416$3,938$3,507$3,232
12 years$5,018$4,439$3,919$3,454$3,039$2,776
13 years$4,584$4,012$3,502$3,049$2,650$2,400
14 years$4,213$3,647$3,146$2,707$2,323$2,085
15 years$3,892$3,331$2,841$2,414$2,045$1,819
16 years$3,611$3,056$2,575$2,162$1,808$1,592
17 years$3,363$2,815$2,344$1,942$1,603$1,398
18 years$3,143$2,601$2,139$1,750$1,425$1,231
19 years$2,947$2,411$1,958$1,581$1,270$1,087
20 years$2,770$2,240$1,797$1,432$1,135$961
21 years$2,610$2,086$1,653$1,300$1,015$851
22 years$2,465$1,948$1,524$1,182$910$755
23 years$2,333$1,822$1,407$1,076$817$671
24 years$2,212$1,707$1,301$982$734$597
25 years$2,101$1,602$1,205$897$661$531
26 years$1,999$1,505$1,118$820$595$473
27 years$1,904$1,417$1,038$750$537$422
28 years$1,816$1,335$965$688$484$377
29 years$1,735$1,259$898$630$437$336
30 years$1,659$1,189$836$579$395$301
31 years$1,588$1,124$780$531$357$269
32 years$1,522$1,064$727$488$323$240
33 years$1,460$1,007$679$449$292$215
34 years$1,401$955$635$413$265$192
35 years$1,346$906$593$380$240$172
36 years$1,294$860$555$350$217$154
37 years$1,246$816$520$323$197$138
38 years$1,199$776$487$298$179$124
39 years$1,156$738$456$274$162$111
40 years$1,114$702$427$253$147$99
41 years$1,075$668$401$233$133$89
42 years$1,038$636$376$215$121$80
43 years$1,002$606$353$199$110$72
44 years$968$578$331$184$100$64
45 years$936$551$311$170$90$58
46 years$905$526$292$157$82$52
47 years$876$502$274$145$75$46
48 years$848$479$258$134$68$42
49 years$821$457$242$124$61$37
50 years$796$437$228$114$56$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $815,000, adding $6,431 every year, while hoping to spend $59,936 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: 59/20/21 Blend
56$815,000$815,000$815,000$815,000
57$904,764$861,569$848,936$952,754
58$933,278$840,014$813,604$964,526
59$962,692$815,394$775,079$970,278
60$993,034$787,496$733,192$975,222
61$1,024,334$756,094$687,765$979,289
62$1,056,622$720,948$638,610$982,410
63$1,089,929$681,806$585,535$984,510
64$1,124,288$638,401$528,337$985,509
65$1,159,731$590,448$466,802$985,325
66$1,196,294$537,651$400,710$983,868
67$1,234,012$479,691$329,830$981,046
68$1,272,921$416,236$253,919$976,761
69$1,313,060$346,933$172,726$970,908
70$1,354,467$271,408$85,988$963,377
71$1,397,184$189,268$0$954,054
72$1,441,251$100,097$0$944,289
73$1,486,713$3,455$0$953,137
74$1,533,612$0$0$961,242
75$1,581,996$0$0$990,786
76$1,631,911$0$0$1,022,049
77$1,683,408$0$0$1,054,303
78$1,736,536$0$0$1,087,579
79$1,791,347$0$0$1,121,910
80$1,847,896$0$0$1,157,329
81$1,906,240$0$0$1,193,872
82$1,966,434$0$0$1,231,576
83$2,028,540$0$0$1,270,476
84$2,092,619$0$0$1,310,613
85$2,158,735$0$0$1,352,027
86$2,226,953$0$0$1,394,757
87$2,297,343$0$0$1,438,849
88$2,369,974$0$0$1,484,345
89$2,444,921$0$0$1,531,292
90$2,522,258$0$0$1,579,737
91$2,602,064$0$0$1,629,729
92$2,684,420$0$0$1,681,320
93$2,769,410$0$0$1,734,562
94$2,857,122$0$0$1,789,509
95$2,947,644$0$0$1,846,219
96$3,041,072$0$0$1,904,750
97$3,137,501$0$0$1,965,163
98$3,237,033$0$0$2,027,521
99$3,339,772$0$0$2,091,890
100$3,445,825$0$0$2,158,338