Can I retire at age 57 with 819,000?

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 $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%16%
1 years$67,632$67,030$66,442$65,868$65,308$63,704
2 years$33,481$32,858$32,253$31,667$31,099$29,492
3 years$22,099$21,473$20,870$20,290$19,731$18,172
4 years$16,409$15,785$15,188$14,618$14,072$12,573
5 years$12,996$12,376$11,787$11,228$10,697$9,263
6 years$10,721$10,106$9,525$8,979$8,464$7,096
7 years$9,097$8,487$7,916$7,382$6,884$5,581
8 years$7,880$7,275$6,713$6,193$5,711$4,474
9 years$6,933$6,334$5,782$5,275$4,809$3,636
10 years$6,177$5,583$5,041$4,547$4,098$2,988
11 years$5,558$4,970$4,438$3,957$3,524$2,476
12 years$5,043$4,461$3,938$3,471$3,054$2,065
13 years$4,607$4,031$3,519$3,064$2,663$1,732
14 years$4,234$3,664$3,162$2,720$2,335$1,459
15 years$3,911$3,348$2,855$2,426$2,055$1,233
16 years$3,628$3,071$2,588$2,172$1,817$1,046
17 years$3,380$2,829$2,355$1,952$1,611$889
18 years$3,159$2,614$2,150$1,759$1,432$757
19 years$2,961$2,422$1,968$1,589$1,277$646
20 years$2,784$2,251$1,806$1,439$1,140$552
21 years$2,623$2,097$1,661$1,306$1,020$472
22 years$2,477$1,957$1,531$1,188$915$405
23 years$2,345$1,831$1,414$1,082$821$347
24 years$2,223$1,715$1,308$987$738$298
25 years$2,112$1,610$1,211$901$664$256
26 years$2,009$1,513$1,123$824$598$220
27 years$1,914$1,424$1,043$754$539$189
28 years$1,825$1,341$970$691$487$162
29 years$1,743$1,266$902$634$439$140
30 years$1,667$1,195$840$581$397$120
31 years$1,596$1,130$783$534$359$103
32 years$1,529$1,069$731$491$325$89
33 years$1,467$1,012$683$451$294$77
34 years$1,408$960$638$415$266$66
35 years$1,353$910$596$382$241$57
36 years$1,301$864$558$352$218$49
37 years$1,252$820$522$324$198$42
38 years$1,205$780$489$299$179$36
39 years$1,161$741$458$276$163$31
40 years$1,120$705$429$254$148$27
41 years$1,080$671$403$235$134$23
42 years$1,043$639$378$216$121$20
43 years$1,007$609$354$200$110$17
44 years$973$581$333$185$100$15
45 years$941$554$312$170$91$13
46 years$910$528$293$157$82$11
47 years$880$504$276$145$75$10
48 years$852$481$259$134$68$8
49 years$825$460$243$124$62$7
50 years$800$439$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $819,000, adding $3,578 every year, while hoping to spend $30,078 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: 69/22/9 Blend
56$819,000$819,000$819,000$819,000
57$906,229$862,822$850,127$966,964
58$966,661$873,097$846,604$1,017,964
59$1,032,250$882,868$841,954$1,069,744
60$1,103,489$892,078$836,109$1,125,581
61$1,180,921$900,667$828,995$1,185,870
62$1,265,146$908,570$820,537$1,251,043
63$1,356,819$915,719$810,654$1,321,577
64$1,456,667$922,041$799,263$1,397,997
65$1,565,485$927,458$786,276$1,480,884
66$1,684,149$931,889$771,601$1,570,878
67$1,813,626$935,245$755,143$1,668,681
68$1,954,976$937,432$736,801$1,775,072
69$2,109,369$938,352$716,469$1,890,907
70$2,278,093$937,899$694,039$2,017,129
71$2,462,564$935,962$669,395$2,154,781
72$2,664,342$932,420$642,416$2,305,009
73$2,885,145$927,149$612,977$2,469,080
74$3,126,865$920,015$580,947$2,648,388
75$3,391,585$910,875$546,188$2,844,473
76$3,681,598$899,579$508,557$3,059,030
77$3,999,431$885,968$467,904$3,293,929
78$4,347,865$869,873$424,071$3,551,233
79$4,729,965$851,115$376,895$3,833,215
80$5,149,106$829,504$326,205$4,142,382
81$5,609,005$804,840$271,823$4,481,497
82$6,113,756$776,910$213,562$4,853,608
83$6,667,870$745,489$151,227$5,262,074
84$7,276,314$710,340$84,615$5,710,600
85$7,944,562$671,210$13,513$6,203,268
86$8,678,642$627,834$0$6,744,582
87$9,485,196$579,931$0$7,345,495
88$10,371,541$527,202$0$8,007,263
89$11,345,736$469,333$0$8,734,644
90$12,416,663$405,992$0$9,534,314
91$13,594,105$336,828$0$10,413,632
92$14,888,841$261,470$0$11,380,707
93$16,312,746$179,525$0$12,444,479
94$17,878,904$90,580$0$13,614,801
95$19,601,732$0$0$14,902,534
96$21,497,112$0$0$16,321,054
97$23,582,545$0$0$17,905,991
98$25,877,313$0$0$19,650,077
99$28,402,662$0$0$21,569,467
100$31,182,002$0$0$23,681,960