Can I retire at age 57 with 821,000?

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 $821,000?

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$67,797$67,194$66,604$66,029$65,468$65,192
2 years$33,563$32,938$32,332$31,745$31,175$30,897
3 years$22,153$21,525$20,921$20,339$19,779$19,506
4 years$16,449$15,823$15,225$14,653$14,106$13,842
5 years$13,028$12,406$11,815$11,255$10,723$10,468
6 years$10,748$10,130$9,549$9,001$8,485$8,239
7 years$9,120$8,507$7,935$7,400$6,901$6,664
8 years$7,899$7,292$6,729$6,208$5,725$5,497
9 years$6,950$6,349$5,796$5,288$4,821$4,603
10 years$6,192$5,597$5,053$4,558$4,108$3,899
11 years$5,571$4,982$4,449$3,967$3,533$3,333
12 years$5,055$4,472$3,948$3,479$3,061$2,870
13 years$4,618$4,041$3,527$3,072$2,670$2,487
14 years$4,244$3,673$3,169$2,727$2,340$2,166
15 years$3,920$3,356$2,862$2,432$2,061$1,895
16 years$3,637$3,079$2,594$2,177$1,821$1,663
17 years$3,388$2,835$2,361$1,956$1,615$1,465
18 years$3,166$2,620$2,155$1,763$1,436$1,294
19 years$2,968$2,428$1,973$1,593$1,280$1,145
20 years$2,790$2,256$1,811$1,443$1,143$1,015
21 years$2,630$2,102$1,665$1,310$1,023$902
22 years$2,484$1,962$1,535$1,191$917$803
23 years$2,350$1,835$1,417$1,084$823$715
24 years$2,229$1,719$1,311$989$740$638
25 years$2,117$1,613$1,214$903$666$570
26 years$2,014$1,516$1,126$826$600$509
27 years$1,918$1,427$1,045$756$541$456
28 years$1,830$1,345$972$693$488$408
29 years$1,748$1,269$904$635$440$365
30 years$1,671$1,198$842$583$398$328
31 years$1,600$1,133$785$535$360$294
32 years$1,533$1,072$733$492$325$264
33 years$1,470$1,015$684$452$295$237
34 years$1,411$962$639$416$267$212
35 years$1,356$912$598$383$242$191
36 years$1,304$866$559$353$219$171
37 years$1,255$822$523$325$198$154
38 years$1,208$782$490$300$180$139
39 years$1,164$743$459$276$163$125
40 years$1,122$707$430$255$148$112
41 years$1,083$673$404$235$134$101
42 years$1,045$641$379$217$122$91
43 years$1,009$611$355$200$111$82
44 years$975$582$333$185$100$73
45 years$943$555$313$171$91$66
46 years$912$530$294$158$83$59
47 years$883$505$276$146$75$54
48 years$854$482$260$135$68$48
49 years$827$461$244$125$62$43
50 years$802$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 $821,000, adding $5,581 every year, while hoping to spend $39,383 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: 68/17/15 Blend
56$821,000$821,000$821,000$821,000
57$910,499$866,986$854,260$968,856
58$961,466$867,565$840,975$1,009,036
59$1,016,313$866,852$825,924$1,047,784
60$1,075,392$864,744$809,008$1,089,170
61$1,139,093$861,127$790,121$1,133,448
62$1,207,843$855,884$769,152$1,180,900
63$1,282,111$848,891$745,987$1,231,839
64$1,362,413$840,013$720,504$1,286,608
65$1,449,315$829,110$692,577$1,345,587
66$1,543,442$816,033$662,075$1,409,197
67$1,645,478$800,624$628,860$1,477,902
68$1,756,177$782,714$592,787$1,552,213
69$1,876,367$762,128$553,705$1,632,698
70$2,006,960$738,675$511,458$1,719,981
71$2,148,959$712,159$465,880$1,814,753
72$2,303,466$682,368$416,800$1,917,777
73$2,471,695$649,079$364,039$2,029,894
74$2,654,981$612,058$307,408$2,152,034
75$2,854,795$571,054$246,711$2,285,224
76$3,072,753$525,805$181,745$2,430,597
77$3,310,636$476,032$112,296$2,589,406
78$3,570,404$421,441$38,141$2,763,032
79$3,854,214$361,720$0$2,952,999
80$4,164,441$296,541$0$3,167,553
81$4,503,700$225,557$0$3,408,932
82$4,874,869$148,402$0$3,673,118
83$5,281,119$64,687$0$3,962,415
84$5,725,940$0$0$4,279,368
85$6,213,177$0$0$4,631,642
86$6,747,062$0$0$5,030,950
87$7,332,258$0$0$5,468,684
88$7,973,900$0$0$5,948,691
89$8,677,642$0$0$6,475,209
90$9,449,713$0$0$7,052,903
91$10,296,975$0$0$7,686,914
92$11,226,984$0$0$8,382,906
93$12,248,066$0$0$9,147,113
94$13,369,389$0$0$9,986,409
95$14,601,056$0$0$10,908,360
96$15,954,195$0$0$11,921,306
97$17,441,065$0$0$13,034,432
98$19,075,171$0$0$14,257,857
99$20,871,392$0$0$15,602,729
100$22,846,119$0$0$17,081,331