Can I retire at age 57 with 822,000?

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 $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%20%
1 years$67,880$67,275$66,685$66,110$65,547$62,922
2 years$33,604$32,978$32,372$31,783$31,213$28,601
3 years$22,180$21,552$20,947$20,364$19,803$17,286
4 years$16,469$15,843$15,244$14,671$14,124$11,722
5 years$13,044$12,421$11,830$11,269$10,737$8,455
6 years$10,761$10,143$9,560$9,012$8,495$6,337
7 years$9,131$8,518$7,945$7,409$6,909$4,872
8 years$7,909$7,301$6,738$6,215$5,732$3,814
9 years$6,959$6,357$5,803$5,294$4,827$3,025
10 years$6,199$5,603$5,059$4,564$4,113$2,424
11 years$5,578$4,988$4,454$3,972$3,537$1,957
12 years$5,061$4,477$3,953$3,484$3,065$1,590
13 years$4,624$4,046$3,532$3,076$2,673$1,297
14 years$4,249$3,678$3,173$2,730$2,343$1,063
15 years$3,925$3,360$2,865$2,435$2,063$873
16 years$3,642$3,083$2,598$2,180$1,823$720
17 years$3,392$2,839$2,364$1,959$1,617$594
18 years$3,170$2,623$2,158$1,765$1,437$491
19 years$2,972$2,431$1,975$1,595$1,281$407
20 years$2,794$2,259$1,813$1,445$1,144$337
21 years$2,633$2,104$1,667$1,311$1,024$280
22 years$2,487$1,964$1,537$1,192$918$232
23 years$2,353$1,837$1,419$1,086$824$193
24 years$2,231$1,721$1,312$990$741$160
25 years$2,119$1,615$1,215$904$666$133
26 years$2,016$1,518$1,127$827$600$111
27 years$1,921$1,429$1,047$757$541$92
28 years$1,832$1,346$973$693$488$77
29 years$1,750$1,270$906$636$441$64
30 years$1,673$1,200$843$584$398$53
31 years$1,602$1,134$786$536$360$44
32 years$1,535$1,073$734$493$326$37
33 years$1,472$1,016$685$453$295$31
34 years$1,413$963$640$417$267$26
35 years$1,358$913$598$384$242$21
36 years$1,306$867$560$353$219$18
37 years$1,256$823$524$326$199$15
38 years$1,210$783$491$300$180$12
39 years$1,166$744$460$277$163$10
40 years$1,124$708$431$255$148$9
41 years$1,084$674$404$235$134$7
42 years$1,047$642$379$217$122$6
43 years$1,011$612$356$201$111$5
44 years$977$583$334$185$100$4
45 years$944$556$313$171$91$3
46 years$913$530$294$158$83$3
47 years$884$506$277$146$75$2
48 years$855$483$260$135$68$2
49 years$828$461$244$125$62$2
50 years$803$441$230$115$56$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $822,000, adding $3,965 every year, while hoping to spend $20,939 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: 42/29/29 Blend
56$822,000$822,000$822,000$822,000
57$909,934$866,368$853,627$940,283
58$980,468$886,541$859,944$982,720
59$1,057,495$907,001$865,772$1,026,389
60$1,141,655$927,739$871,071$1,073,287
61$1,233,653$948,747$875,800$1,123,725
62$1,334,264$970,014$879,918$1,178,047
63$1,444,343$991,529$883,379$1,236,632
64$1,564,830$1,013,278$886,137$1,299,896
65$1,696,762$1,035,248$888,142$1,368,300
66$1,841,279$1,057,423$889,342$1,442,351
67$1,999,637$1,079,784$889,682$1,522,611
68$2,173,220$1,102,314$889,107$1,609,695
69$2,363,552$1,124,990$887,555$1,704,285
70$2,572,310$1,147,790$884,964$1,807,132
71$2,801,343$1,170,690$881,268$1,919,065
72$3,052,688$1,193,661$876,398$2,040,996
73$3,328,586$1,216,675$870,282$2,173,933
74$3,631,509$1,239,699$862,843$2,318,986
75$3,964,177$1,262,698$854,002$2,477,382
76$4,329,588$1,285,635$843,676$2,650,471
77$4,731,044$1,308,470$831,778$2,839,744
78$5,172,184$1,331,158$818,216$3,046,843
79$5,657,015$1,353,653$802,894$3,273,580
80$6,189,953$1,375,905$785,714$3,521,955
81$6,775,862$1,397,858$766,569$3,794,170
82$7,420,102$1,419,455$745,351$4,092,656
83$8,128,577$1,440,633$721,945$4,420,093
84$8,907,793$1,461,324$696,231$4,779,435
85$9,764,916$1,481,458$668,083$5,173,939
86$10,707,845$1,500,957$637,372$5,607,200
87$11,745,281$1,519,739$603,959$6,083,177
88$12,886,809$1,537,716$567,701$6,606,240
89$14,142,995$1,554,795$528,450$7,181,203
90$15,525,475$1,570,875$486,048$7,813,376
91$17,047,075$1,585,850$440,332$8,508,613
92$18,721,926$1,599,605$391,132$9,273,370
93$20,565,597$1,612,020$338,270$10,114,762
94$22,595,244$1,622,966$281,558$11,040,635
95$24,829,772$1,632,304$220,804$12,059,639
96$27,290,011$1,639,889$155,803$13,181,310
97$29,998,914$1,645,566$86,344$14,416,159
98$32,981,772$1,649,168$12,206$15,775,778
99$36,266,456$1,650,520$0$17,272,942
100$39,883,675$1,649,435$0$18,942,442