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%15.7%
1 years$67,880$67,275$66,685$66,110$65,547$64,015
2 years$33,604$32,978$32,372$31,783$31,213$29,678
3 years$22,180$21,552$20,947$20,364$19,803$18,313
4 years$16,469$15,843$15,244$14,671$14,124$12,690
5 years$13,044$12,421$11,830$11,269$10,737$9,364
6 years$10,761$10,143$9,560$9,012$8,495$7,185
7 years$9,131$8,518$7,945$7,409$6,909$5,661
8 years$7,909$7,301$6,738$6,215$5,732$4,545
9 years$6,959$6,357$5,803$5,294$4,827$3,701
10 years$6,199$5,603$5,059$4,564$4,113$3,047
11 years$5,578$4,988$4,454$3,972$3,537$2,529
12 years$5,061$4,477$3,953$3,484$3,065$2,114
13 years$4,624$4,046$3,532$3,076$2,673$1,776
14 years$4,249$3,678$3,173$2,730$2,343$1,499
15 years$3,925$3,360$2,865$2,435$2,063$1,270
16 years$3,642$3,083$2,598$2,180$1,823$1,079
17 years$3,392$2,839$2,364$1,959$1,617$919
18 years$3,170$2,623$2,158$1,765$1,437$785
19 years$2,972$2,431$1,975$1,595$1,281$671
20 years$2,794$2,259$1,813$1,445$1,144$575
21 years$2,633$2,104$1,667$1,311$1,024$493
22 years$2,487$1,964$1,537$1,192$918$423
23 years$2,353$1,837$1,419$1,086$824$364
24 years$2,231$1,721$1,312$990$741$313
25 years$2,119$1,615$1,215$904$666$269
26 years$2,016$1,518$1,127$827$600$232
27 years$1,921$1,429$1,047$757$541$200
28 years$1,832$1,346$973$693$488$172
29 years$1,750$1,270$906$636$441$149
30 years$1,673$1,200$843$584$398$128
31 years$1,602$1,134$786$536$360$111
32 years$1,535$1,073$734$493$326$95
33 years$1,472$1,016$685$453$295$82
34 years$1,413$963$640$417$267$71
35 years$1,358$913$598$384$242$61
36 years$1,306$867$560$353$219$53
37 years$1,256$823$524$326$199$46
38 years$1,210$783$491$300$180$40
39 years$1,166$744$460$277$163$34
40 years$1,124$708$431$255$148$30
41 years$1,084$674$404$235$134$26
42 years$1,047$642$379$217$122$22
43 years$1,011$612$356$201$111$19
44 years$977$583$334$185$100$16
45 years$944$556$313$171$91$14
46 years$913$530$294$158$83$12
47 years$884$506$277$146$75$11
48 years$855$483$260$135$68$9
49 years$828$461$244$125$62$8
50 years$803$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $822,000, adding $3,345 every year, while hoping to spend $55,987 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: 33/50/17 Blend
56$822,000$822,000$822,000$822,000
57$909,294$865,728$852,987$934,394
58$942,473$848,579$821,993$936,043
59$977,159$828,714$788,083$932,400
60$1,013,447$805,939$751,102$927,277
61$1,051,440$780,051$710,886$920,578
62$1,091,250$750,836$667,263$912,199
63$1,132,995$718,065$620,054$902,033
64$1,176,808$681,497$569,073$889,968
65$1,222,829$640,877$514,124$875,889
66$1,271,212$595,936$455,002$859,674
67$1,322,126$546,387$391,495$841,197
68$1,375,753$491,929$323,380$820,326
69$1,432,291$432,245$250,424$796,928
70$1,491,956$366,997$172,385$770,860
71$1,554,984$295,828$89,009$741,979
72$1,621,634$218,365$31$710,133
73$1,692,185$134,209$0$675,169
74$1,766,944$42,941$0$654,147
75$1,846,246$0$0$630,809
76$1,930,458$0$0$635,784
77$2,019,980$0$0$666,253
78$2,115,251$0$0$698,747
79$2,216,751$0$0$733,438
80$2,325,004$0$0$770,515
81$2,440,587$0$0$810,185
82$2,564,130$0$0$852,676
83$2,696,324$0$0$898,236
84$2,837,928$0$0$947,139
85$2,989,772$0$0$999,685
86$3,152,769$0$0$1,056,202
87$3,327,921$0$0$1,117,052
88$3,516,325$0$0$1,182,632
89$3,719,188$0$0$1,253,377
90$3,937,836$0$0$1,329,768
91$4,173,724$0$0$1,412,329
92$4,428,450$0$0$1,501,640
93$4,703,772$0$0$1,598,336
94$5,001,621$0$0$1,703,117
95$5,324,120$0$0$1,816,750
96$5,673,602$0$0$1,940,081
97$6,052,634$0$0$2,074,039
98$6,464,036$0$0$2,219,647
99$6,910,914$0$0$2,378,030
100$7,396,682$0$0$2,550,426