Can I retire at age 57 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$67,385$66,784$66,199$65,627$65,069$64,605
2 years$33,359$32,737$32,135$31,551$30,985$30,517
3 years$22,018$21,394$20,794$20,215$19,658$19,201
4 years$16,349$15,727$15,132$14,564$14,020$13,577
5 years$12,949$12,330$11,743$11,187$10,658$10,230
6 years$10,682$10,069$9,490$8,946$8,433$8,022
7 years$9,064$8,456$7,887$7,355$6,859$6,463
8 years$7,851$7,248$6,688$6,170$5,690$5,310
9 years$6,908$6,311$5,761$5,255$4,792$4,428
10 years$6,154$5,563$5,022$4,530$4,083$3,735
11 years$5,538$4,952$4,422$3,943$3,511$3,179
12 years$5,024$4,445$3,924$3,458$3,043$2,726
13 years$4,590$4,017$3,506$3,053$2,653$2,352
14 years$4,218$3,651$3,150$2,710$2,326$2,039
15 years$3,897$3,335$2,844$2,417$2,048$1,775
16 years$3,615$3,060$2,579$2,164$1,810$1,551
17 years$3,367$2,818$2,346$1,944$1,605$1,359
18 years$3,147$2,604$2,142$1,752$1,427$1,195
19 years$2,950$2,413$1,961$1,583$1,272$1,052
20 years$2,773$2,243$1,800$1,434$1,136$928
21 years$2,613$2,089$1,655$1,302$1,017$821
22 years$2,468$1,950$1,526$1,183$911$726
23 years$2,336$1,824$1,409$1,078$818$644
24 years$2,215$1,709$1,303$983$735$571
25 years$2,104$1,604$1,207$898$662$507
26 years$2,001$1,507$1,119$821$596$451
27 years$1,907$1,418$1,039$751$537$401
28 years$1,819$1,337$966$688$485$357
29 years$1,737$1,261$899$631$438$318
30 years$1,661$1,191$837$579$396$284
31 years$1,590$1,126$781$532$358$253
32 years$1,524$1,065$728$489$324$226
33 years$1,461$1,009$680$450$293$201
34 years$1,403$956$635$414$265$180
35 years$1,348$907$594$381$240$161
36 years$1,296$861$556$351$218$143
37 years$1,247$817$520$323$197$128
38 years$1,201$777$487$298$179$115
39 years$1,157$739$456$275$162$102
40 years$1,116$703$428$253$147$92
41 years$1,076$669$401$234$133$82
42 years$1,039$637$376$216$121$73
43 years$1,003$607$353$199$110$65
44 years$970$579$331$184$100$59
45 years$937$552$311$170$91$52
46 years$907$526$292$157$82$47
47 years$877$502$275$145$75$42
48 years$849$480$258$134$68$38
49 years$822$458$243$124$62$34
50 years$797$437$228$114$56$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $816,000, adding $2,735 every year, while hoping to spend $47,299 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: 50/45/5 Blend
56$816,000$816,000$816,000$816,000
57$902,053$858,805$846,157$945,945
58$943,737$850,561$824,178$967,856
59$988,087$840,327$799,877$986,325
60$1,035,326$827,957$773,126$1,005,254
61$1,085,696$813,294$743,793$1,024,697
62$1,139,464$796,173$711,737$1,044,714
63$1,196,922$776,418$676,813$1,065,378
64$1,258,389$753,844$638,868$1,086,768
65$1,324,217$728,254$597,742$1,108,977
66$1,394,789$699,441$553,268$1,132,110
67$1,470,529$667,184$505,273$1,156,287
68$1,551,897$631,251$453,575$1,181,644
69$1,639,404$591,395$397,983$1,208,335
70$1,733,607$547,357$338,299$1,236,535
71$1,835,118$498,861$274,315$1,266,441
72$1,944,611$445,616$205,816$1,298,275
73$2,062,826$387,315$132,575$1,332,288
74$2,190,573$323,633$54,355$1,368,762
75$2,328,747$254,227$0$1,408,016
76$2,478,329$178,734$0$1,451,958
77$2,640,398$96,771$0$1,502,631
78$2,816,141$7,935$0$1,557,596
79$3,006,861$0$0$1,617,369
80$3,213,994$0$0$1,726,206
81$3,439,119$0$0$1,848,841
82$3,683,971$0$0$1,982,302
83$3,950,461$0$0$2,127,639
84$4,240,691$0$0$2,286,011
85$4,556,973$0$0$2,458,688
86$4,901,854$0$0$2,647,073
87$5,278,135$0$0$2,852,708
88$5,688,900$0$0$3,077,289
89$6,137,544$0$0$3,322,687
90$6,627,802$0$0$3,590,958
91$7,163,791$0$0$3,884,367
92$7,750,039$0$0$4,205,409
93$8,391,533$0$0$4,556,830
94$9,093,766$0$0$4,941,653
95$9,862,786$0$0$5,363,208
96$10,705,251$0$0$5,825,164
97$11,628,496$0$0$6,331,559
98$12,640,598$0$0$6,886,842
99$13,750,454$0$0$7,495,911
100$14,967,861$0$0$8,164,164