Can I retire at age 57 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$67,632$67,030$66,442$65,868$65,308$63,091
2 years$33,481$32,858$32,253$31,667$31,099$28,888
3 years$22,099$21,473$20,870$20,290$19,731$17,595
4 years$16,409$15,785$15,188$14,618$14,072$12,027
5 years$12,996$12,376$11,787$11,228$10,697$8,750
6 years$10,721$10,106$9,525$8,979$8,464$6,615
7 years$9,097$8,487$7,916$7,382$6,884$5,132
8 years$7,880$7,275$6,713$6,193$5,711$4,056
9 years$6,933$6,334$5,782$5,275$4,809$3,249
10 years$6,177$5,583$5,041$4,547$4,098$2,630
11 years$5,558$4,970$4,438$3,957$3,524$2,146
12 years$5,043$4,461$3,938$3,471$3,054$1,762
13 years$4,607$4,031$3,519$3,064$2,663$1,454
14 years$4,234$3,664$3,162$2,720$2,335$1,204
15 years$3,911$3,348$2,855$2,426$2,055$1,001
16 years$3,628$3,071$2,588$2,172$1,817$834
17 years$3,380$2,829$2,355$1,952$1,611$697
18 years$3,159$2,614$2,150$1,759$1,432$583
19 years$2,961$2,422$1,968$1,589$1,277$489
20 years$2,784$2,251$1,806$1,439$1,140$410
21 years$2,623$2,097$1,661$1,306$1,020$344
22 years$2,477$1,957$1,531$1,188$915$290
23 years$2,345$1,831$1,414$1,082$821$244
24 years$2,223$1,715$1,308$987$738$205
25 years$2,112$1,610$1,211$901$664$173
26 years$2,009$1,513$1,123$824$598$146
27 years$1,914$1,424$1,043$754$539$123
28 years$1,825$1,341$970$691$487$103
29 years$1,743$1,266$902$634$439$87
30 years$1,667$1,195$840$581$397$74
31 years$1,596$1,130$783$534$359$62
32 years$1,529$1,069$731$491$325$52
33 years$1,467$1,012$683$451$294$44
34 years$1,408$960$638$415$266$37
35 years$1,353$910$596$382$241$32
36 years$1,301$864$558$352$218$27
37 years$1,252$820$522$324$198$22
38 years$1,205$780$489$299$179$19
39 years$1,161$741$458$276$163$16
40 years$1,120$705$429$254$148$14
41 years$1,080$671$403$235$134$11
42 years$1,043$639$378$216$121$10
43 years$1,007$609$354$200$110$8
44 years$973$581$333$185$100$7
45 years$941$554$312$170$91$6
46 years$910$528$293$157$82$5
47 years$880$504$276$145$75$4
48 years$852$481$259$134$68$3
49 years$825$460$243$124$62$3
50 years$800$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $819,000, adding $2,172 every year, while hoping to spend $56,917 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: 59/26/15 Blend
56$819,000$819,000$819,000$819,000
57$904,778$861,371$848,677$954,591
58$936,507$843,019$816,548$970,129
59$969,563$821,860$781,436$980,556
60$1,004,024$797,697$743,179$990,594
61$1,039,970$770,320$701,612$1,000,213
62$1,077,490$739,508$656,558$1,009,382
63$1,116,676$705,026$607,835$1,018,071
64$1,157,632$666,627$555,252$1,026,249
65$1,200,468$624,049$498,611$1,033,885
66$1,245,302$577,015$437,701$1,040,950
67$1,292,265$525,231$372,306$1,047,413
68$1,341,497$468,387$302,199$1,053,247
69$1,393,149$406,158$227,142$1,058,425
70$1,447,386$338,195$146,887$1,062,920
71$1,504,387$264,135$61,176$1,066,711
72$1,564,348$183,591$0$1,069,776
73$1,627,480$96,155$0$1,076,948
74$1,694,014$1,398$0$1,094,128
75$1,764,201$0$0$1,111,556
76$1,838,315$0$0$1,158,213
77$1,916,655$0$0$1,207,982
78$1,999,547$0$0$1,260,674
79$2,087,347$0$0$1,316,518
80$2,180,444$0$0$1,375,768
81$2,279,262$0$0$1,438,697
82$2,384,267$0$0$1,505,607
83$2,495,966$0$0$1,576,827
84$2,614,917$0$0$1,652,718
85$2,741,728$0$0$1,733,673
86$2,877,067$0$0$1,820,126
87$3,021,664$0$0$1,912,550
88$3,176,321$0$0$2,011,465
89$3,341,916$0$0$2,117,439
90$3,519,413$0$0$2,231,099
91$3,709,868$0$0$2,353,128
92$3,914,441$0$0$2,484,280
93$4,134,404$0$0$2,625,381
94$4,371,155$0$0$2,777,336
95$4,626,229$0$0$2,941,141
96$4,901,311$0$0$3,117,892
97$5,198,251$0$0$3,308,788
98$5,519,086$0$0$3,515,152
99$5,866,050$0$0$3,738,433
100$6,241,601$0$0$3,980,229