Can I retire at age 57 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$67,880$67,275$66,685$66,110$65,547$64,303
2 years$33,604$32,978$32,372$31,783$31,213$29,964
3 years$22,180$21,552$20,947$20,364$19,803$18,588
4 years$16,469$15,843$15,244$14,671$14,124$12,953
5 years$13,044$12,421$11,830$11,269$10,737$9,613
6 years$10,761$10,143$9,560$9,012$8,495$7,420
7 years$9,131$8,518$7,945$7,409$6,909$5,883
8 years$7,909$7,301$6,738$6,215$5,732$4,754
9 years$6,959$6,357$5,803$5,294$4,827$3,897
10 years$6,199$5,603$5,059$4,564$4,113$3,229
11 years$5,578$4,988$4,454$3,972$3,537$2,700
12 years$5,061$4,477$3,953$3,484$3,065$2,273
13 years$4,624$4,046$3,532$3,076$2,673$1,924
14 years$4,249$3,678$3,173$2,730$2,343$1,636
15 years$3,925$3,360$2,865$2,435$2,063$1,396
16 years$3,642$3,083$2,598$2,180$1,823$1,196
17 years$3,392$2,839$2,364$1,959$1,617$1,027
18 years$3,170$2,623$2,158$1,765$1,437$884
19 years$2,972$2,431$1,975$1,595$1,281$762
20 years$2,794$2,259$1,813$1,445$1,144$658
21 years$2,633$2,104$1,667$1,311$1,024$569
22 years$2,487$1,964$1,537$1,192$918$493
23 years$2,353$1,837$1,419$1,086$824$427
24 years$2,231$1,721$1,312$990$741$371
25 years$2,119$1,615$1,215$904$666$322
26 years$2,016$1,518$1,127$827$600$280
27 years$1,921$1,429$1,047$757$541$243
28 years$1,832$1,346$973$693$488$211
29 years$1,750$1,270$906$636$441$184
30 years$1,673$1,200$843$584$398$160
31 years$1,602$1,134$786$536$360$139
32 years$1,535$1,073$734$493$326$121
33 years$1,472$1,016$685$453$295$106
34 years$1,413$963$640$417$267$92
35 years$1,358$913$598$384$242$80
36 years$1,306$867$560$353$219$70
37 years$1,256$823$524$326$199$61
38 years$1,210$783$491$300$180$53
39 years$1,166$744$460$277$163$46
40 years$1,124$708$431$255$148$40
41 years$1,084$674$404$235$134$35
42 years$1,047$642$379$217$122$31
43 years$1,011$612$356$201$111$27
44 years$977$583$334$185$100$23
45 years$944$556$313$171$91$20
46 years$913$530$294$158$83$18
47 years$884$506$277$146$75$16
48 years$855$483$260$135$68$14
49 years$828$461$244$125$62$12
50 years$803$441$230$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $822,000, adding $2,437 every year, while hoping to spend $33,705 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: 54/21/25 Blend
56$822,000$822,000$822,000$822,000
57$908,358$864,792$852,051$951,014
58$965,148$871,305$844,733$987,183
59$1,026,602$877,007$836,040$1,022,846
60$1,093,159$881,824$825,890$1,060,977
61$1,165,302$885,674$814,199$1,101,824
62$1,243,565$888,474$800,876$1,145,663
63$1,328,531$890,132$785,828$1,192,796
64$1,420,844$890,552$768,957$1,243,561
65$1,521,213$889,632$750,160$1,298,329
66$1,630,417$887,263$729,329$1,357,513
67$1,749,311$883,330$706,353$1,421,569
68$1,878,838$877,712$681,114$1,491,000
69$2,020,038$870,277$653,490$1,566,363
70$2,174,050$860,890$623,350$1,648,275
71$2,342,133$849,403$590,562$1,737,416
72$2,525,670$835,663$554,985$1,834,541
73$2,726,184$819,506$516,473$1,940,481
74$2,945,351$800,759$474,871$2,056,157
75$3,185,018$779,237$430,021$2,182,586
76$3,447,217$754,747$381,754$2,320,891
77$3,734,187$727,082$329,895$2,472,313
78$4,048,390$696,026$274,263$2,638,224
79$4,392,542$661,347$214,667$2,820,139
80$4,769,631$622,803$150,908$3,019,732
81$5,182,948$580,135$82,778$3,238,851
82$5,636,117$533,070$10,060$3,479,537
83$6,133,133$481,322$0$3,744,044
84$6,678,390$424,585$0$4,052,879
85$7,276,734$362,538$0$4,394,806
86$7,933,500$294,841$0$4,770,239
87$8,654,563$221,134$0$5,182,595
88$9,446,398$141,039$0$5,635,643
89$10,316,136$54,155$0$6,133,538
90$11,271,632$0$0$6,680,861
91$12,321,541$0$0$7,291,893
92$13,475,398$0$0$7,977,257
93$14,743,706$0$0$8,730,689
94$16,138,035$0$0$9,559,072
95$17,671,137$0$0$10,469,993
96$19,357,056$0$0$11,471,809
97$21,211,268$0$0$12,573,727
98$23,250,823$0$0$13,785,892
99$25,494,506$0$0$15,119,482
100$27,963,017$0$0$16,586,811