Can I retire at age 57 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$67,467$66,866$66,280$65,708$65,149$64,361
2 years$33,400$32,778$32,175$31,590$31,023$30,231
3 years$22,045$21,420$20,819$20,240$19,682$18,910
4 years$16,369$15,746$15,151$14,582$14,038$13,290
5 years$12,964$12,345$11,758$11,200$10,671$9,952
6 years$10,695$10,081$9,502$8,957$8,444$7,753
7 years$9,075$8,466$7,896$7,364$6,867$6,205
8 years$7,861$7,257$6,697$6,177$5,697$5,064
9 years$6,916$6,318$5,768$5,262$4,798$4,193
10 years$6,162$5,569$5,029$4,536$4,088$3,511
11 years$5,544$4,958$4,427$3,947$3,516$2,967
12 years$5,030$4,450$3,929$3,462$3,047$2,525
13 years$4,596$4,022$3,510$3,057$2,657$2,161
14 years$4,224$3,656$3,154$2,714$2,329$1,859
15 years$3,901$3,339$2,848$2,420$2,050$1,605
16 years$3,620$3,064$2,582$2,167$1,812$1,391
17 years$3,371$2,822$2,349$1,947$1,607$1,209
18 years$3,151$2,607$2,145$1,755$1,429$1,053
19 years$2,954$2,416$1,963$1,585$1,273$920
20 years$2,777$2,245$1,802$1,436$1,137$804
21 years$2,617$2,092$1,657$1,303$1,018$705
22 years$2,471$1,952$1,527$1,185$912$618
23 years$2,339$1,826$1,410$1,079$819$543
24 years$2,218$1,711$1,304$984$736$477
25 years$2,106$1,606$1,208$899$662$420
26 years$2,004$1,509$1,120$822$597$370
27 years$1,909$1,420$1,040$752$538$326
28 years$1,821$1,338$967$689$485$287
29 years$1,739$1,262$900$632$438$254
30 years$1,663$1,192$838$580$396$224
31 years$1,592$1,127$782$533$358$198
32 years$1,525$1,066$729$490$324$175
33 years$1,463$1,010$681$450$293$154
34 years$1,405$957$636$414$265$136
35 years$1,349$908$595$381$240$121
36 years$1,298$862$556$351$218$107
37 years$1,249$818$521$324$197$94
38 years$1,202$778$488$298$179$83
39 years$1,158$740$457$275$162$74
40 years$1,117$704$428$254$147$65
41 years$1,078$670$402$234$134$58
42 years$1,040$638$377$216$121$51
43 years$1,005$608$353$199$110$45
44 years$971$579$332$184$100$40
45 years$938$552$312$170$91$35
46 years$908$527$293$157$82$31
47 years$878$503$275$145$75$28
48 years$850$480$258$134$68$25
49 years$823$459$243$124$62$22
50 years$798$438$228$115$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $817,000, adding $6,888 every year, while hoping to spend $56,298 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: 48/24/28 Blend
56$817,000$817,000$817,000$817,000
57$907,439$864,138$851,474$943,456
58$940,097$846,580$820,098$951,928
59$974,200$826,275$785,784$955,057
60$1,009,834$803,029$748,374$957,365
61$1,047,096$776,636$707,703$958,801
62$1,086,087$746,879$663,599$959,317
63$1,126,920$713,527$615,881$958,860
64$1,169,714$676,338$564,361$957,379
65$1,214,600$635,054$508,843$954,822
66$1,261,720$589,403$449,120$951,136
67$1,311,229$539,097$384,979$946,267
68$1,363,293$483,831$316,194$940,163
69$1,418,094$423,284$242,532$932,771
70$1,475,831$357,117$163,748$924,041
71$1,536,720$284,969$79,588$913,922
72$1,600,995$206,463$0$902,367
73$1,668,914$121,197$0$892,386
74$1,740,756$28,748$0$906,453
75$1,816,826$0$0$920,816
76$1,897,459$0$0$954,370
77$1,983,019$0$0$998,074
78$2,073,905$0$0$1,044,547
79$2,170,552$0$0$1,094,017
80$2,273,439$0$0$1,146,735
81$2,383,087$0$0$1,202,976
82$2,500,068$0$0$1,263,041
83$2,625,009$0$0$1,327,259
84$2,758,597$0$0$1,395,992
85$2,901,586$0$0$1,469,636
86$3,054,799$0$0$1,548,627
87$3,219,145$0$0$1,633,441
88$3,395,615$0$0$1,724,601
89$3,585,300$0$0$1,822,684
90$3,789,399$0$0$1,928,319
91$4,009,225$0$0$2,042,201
92$4,246,222$0$0$2,165,090
93$4,501,978$0$0$2,297,823
94$4,778,233$0$0$2,441,319
95$5,076,904$0$0$2,596,589
96$5,400,094$0$0$2,764,744
97$5,750,119$0$0$2,947,005
98$6,129,521$0$0$3,144,714
99$6,541,098$0$0$3,359,349
100$6,987,927$0$0$3,592,534