Can I retire at age 57 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$67,715$67,112$66,523$65,949$65,388$65,112
2 years$33,522$32,898$32,293$31,706$31,137$30,859
3 years$22,126$21,499$20,896$20,314$19,755$19,482
4 years$16,429$15,804$15,207$14,635$14,089$13,825
5 years$13,012$12,391$11,801$11,241$10,710$10,455
6 years$10,735$10,118$9,537$8,990$8,475$8,229
7 years$9,108$8,497$7,925$7,391$6,892$6,655
8 years$7,889$7,283$6,721$6,200$5,718$5,490
9 years$6,942$6,342$5,789$5,281$4,815$4,597
10 years$6,184$5,590$5,047$4,552$4,103$3,894
11 years$5,565$4,976$4,443$3,962$3,529$3,329
12 years$5,049$4,466$3,943$3,475$3,058$2,867
13 years$4,613$4,036$3,523$3,068$2,666$2,484
14 years$4,239$3,669$3,165$2,723$2,337$2,164
15 years$3,916$3,352$2,858$2,429$2,058$1,893
16 years$3,633$3,075$2,591$2,175$1,819$1,661
17 years$3,384$2,832$2,358$1,954$1,613$1,463
18 years$3,162$2,617$2,152$1,761$1,434$1,292
19 years$2,965$2,425$1,970$1,591$1,278$1,144
20 years$2,787$2,254$1,808$1,441$1,142$1,014
21 years$2,626$2,099$1,663$1,308$1,022$901
22 years$2,480$1,960$1,533$1,189$916$802
23 years$2,348$1,833$1,416$1,083$822$714
24 years$2,226$1,717$1,309$988$739$637
25 years$2,114$1,611$1,212$902$665$569
26 years$2,011$1,515$1,125$825$599$509
27 years$1,916$1,425$1,044$755$540$455
28 years$1,828$1,343$971$692$487$407
29 years$1,746$1,267$903$634$440$365
30 years$1,669$1,197$841$582$398$327
31 years$1,598$1,131$784$535$359$293
32 years$1,531$1,070$732$491$325$263
33 years$1,468$1,014$683$452$294$236
34 years$1,410$961$639$416$266$212
35 years$1,354$911$597$383$241$191
36 years$1,302$865$558$352$219$171
37 years$1,253$821$523$325$198$154
38 years$1,207$781$489$299$180$138
39 years$1,163$742$459$276$163$124
40 years$1,121$706$430$255$148$112
41 years$1,082$672$403$235$134$101
42 years$1,044$640$378$217$122$91
43 years$1,008$610$355$200$110$81
44 years$974$581$333$185$100$73
45 years$942$555$313$171$91$66
46 years$911$529$294$158$83$59
47 years$882$505$276$146$75$53
48 years$853$482$259$135$68$48
49 years$826$460$244$124$62$43
50 years$801$440$229$115$56$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $820,000, adding $5,375 every year, while hoping to spend $58,892 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: 66/9/25 Blend
56$820,000$820,000$820,000$820,000
57$909,184$865,724$853,014$962,954
58$939,260$845,484$818,930$979,575
59$970,431$822,278$781,729$990,602
60$1,002,744$795,900$741,247$1,001,317
61$1,036,253$766,128$697,308$1,011,694
62$1,071,014$732,732$649,731$1,021,704
63$1,107,087$695,464$598,326$1,031,319
64$1,144,533$654,066$542,893$1,040,508
65$1,183,422$608,261$483,227$1,049,243
66$1,223,825$557,760$419,109$1,057,491
67$1,265,819$502,254$350,313$1,065,221
68$1,309,488$441,420$276,603$1,072,403
69$1,354,919$374,913$197,733$1,079,005
70$1,402,208$302,371$113,444$1,084,994
71$1,451,456$223,410$23,468$1,090,341
72$1,502,774$137,626$0$1,095,013
73$1,556,279$44,593$0$1,118,336
74$1,612,099$0$0$1,148,864
75$1,670,371$0$0$1,185,946
76$1,731,242$0$0$1,229,306
77$1,794,872$0$0$1,274,646
78$1,861,435$0$0$1,322,088
79$1,931,117$0$0$1,371,768
80$2,004,120$0$0$1,423,832
81$2,080,665$0$0$1,478,440
82$2,160,989$0$0$1,535,763
83$2,245,352$0$0$1,595,989
84$2,334,033$0$0$1,659,320
85$2,427,339$0$0$1,725,978
86$2,525,603$0$0$1,796,203
87$2,629,185$0$0$1,870,258
88$2,738,481$0$0$1,948,429
89$2,853,921$0$0$2,031,025
90$2,975,973$0$0$2,118,388
91$3,105,149$0$0$2,210,889
92$3,242,008$0$0$2,308,932
93$3,387,161$0$0$2,412,959
94$3,541,276$0$0$2,523,456
95$3,705,082$0$0$2,640,952
96$3,879,378$0$0$2,766,025
97$4,065,038$0$0$2,899,311
98$4,263,019$0$0$3,041,502
99$4,474,370$0$0$3,193,361
100$4,700,239$0$0$3,355,720