Can I retire at age 57 with 816,000?

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 $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%19.5%
1 years$67,385$66,784$66,199$65,627$65,069$62,586
2 years$33,359$32,737$32,135$31,551$30,985$28,513
3 years$22,018$21,394$20,794$20,215$19,658$17,275
4 years$16,349$15,727$15,132$14,564$14,020$11,743
5 years$12,949$12,330$11,743$11,187$10,658$8,493
6 years$10,682$10,069$9,490$8,946$8,433$6,383
7 years$9,064$8,456$7,887$7,355$6,859$4,921
8 years$7,851$7,248$6,688$6,170$5,690$3,864
9 years$6,908$6,311$5,761$5,255$4,792$3,075
10 years$6,154$5,563$5,022$4,530$4,083$2,471
11 years$5,538$4,952$4,422$3,943$3,511$2,002
12 years$5,024$4,445$3,924$3,458$3,043$1,632
13 years$4,590$4,017$3,506$3,053$2,653$1,336
14 years$4,218$3,651$3,150$2,710$2,326$1,098
15 years$3,897$3,335$2,844$2,417$2,048$906
16 years$3,615$3,060$2,579$2,164$1,810$749
17 years$3,367$2,818$2,346$1,944$1,605$621
18 years$3,147$2,604$2,142$1,752$1,427$515
19 years$2,950$2,413$1,961$1,583$1,272$428
20 years$2,773$2,243$1,800$1,434$1,136$356
21 years$2,613$2,089$1,655$1,302$1,017$297
22 years$2,468$1,950$1,526$1,183$911$247
23 years$2,336$1,824$1,409$1,078$818$206
24 years$2,215$1,709$1,303$983$735$172
25 years$2,104$1,604$1,207$898$662$144
26 years$2,001$1,507$1,119$821$596$120
27 years$1,907$1,418$1,039$751$537$100
28 years$1,819$1,337$966$688$485$84
29 years$1,737$1,261$899$631$438$70
30 years$1,661$1,191$837$579$396$59
31 years$1,590$1,126$781$532$358$49
32 years$1,524$1,065$728$489$324$41
33 years$1,461$1,009$680$450$293$34
34 years$1,403$956$635$414$265$29
35 years$1,348$907$594$381$240$24
36 years$1,296$861$556$351$218$20
37 years$1,247$817$520$323$197$17
38 years$1,201$777$487$298$179$14
39 years$1,157$739$456$275$162$12
40 years$1,116$703$428$253$147$10
41 years$1,076$669$401$234$133$8
42 years$1,039$637$376$216$121$7
43 years$1,003$607$353$199$110$6
44 years$970$579$331$184$100$5
45 years$937$552$311$170$91$4
46 years$907$526$292$157$82$3
47 years$877$502$275$145$75$3
48 years$849$480$258$134$68$2
49 years$822$458$243$124$62$2
50 years$797$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $816,000, adding $3,907 every year, while hoping to spend $52,242 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: 45/25/30 Blend
56$816,000$816,000$816,000$816,000
57$903,262$860,014$847,366$935,917
58$939,810$846,570$820,168$946,148
59$978,334$830,716$790,307$951,956
60$1,018,982$812,279$757,641$957,273
61$1,061,913$791,075$722,016$962,084
62$1,107,302$766,911$683,277$966,375
63$1,155,338$739,581$641,258$970,136
64$1,206,229$708,867$595,787$973,359
65$1,260,201$674,539$546,683$976,041
66$1,317,504$636,353$493,759$978,182
67$1,378,407$594,052$436,818$979,789
68$1,443,208$547,364$375,654$980,874
69$1,512,231$496,000$310,054$981,456
70$1,585,831$439,657$239,794$981,562
71$1,664,398$378,013$164,640$981,229
72$1,748,359$310,728$84,347$980,503
73$1,838,181$237,442$0$979,445
74$1,934,376$157,778$0$978,554
75$2,037,508$71,334$0$1,006,331
76$2,148,192$0$0$1,035,944
77$2,267,106$0$0$1,073,747
78$2,394,993$0$0$1,135,575
79$2,532,669$0$0$1,202,207
80$2,681,030$0$0$1,274,086
81$2,841,059$0$0$1,351,698
82$3,013,838$0$0$1,435,578
83$3,200,554$0$0$1,526,313
84$3,402,514$0$0$1,624,548
85$3,621,152$0$0$1,730,993
86$3,858,046$0$0$1,846,430
87$4,114,930$0$0$1,971,715
88$4,393,713$0$0$2,107,794
89$4,696,491$0$0$2,255,704
90$5,025,574$0$0$2,416,588
91$5,383,499$0$0$2,591,702
92$5,773,061$0$0$2,782,429
93$6,197,331$0$0$2,990,291
94$6,659,693$0$0$3,216,963
95$7,163,868$0$0$3,464,288
96$7,713,953$0$0$3,734,294
97$8,314,457$0$0$4,029,216
98$8,970,343$0$0$4,351,511
99$9,687,075$0$0$4,703,887
100$10,470,670$0$0$5,089,323