Can I retire at age 57 with 823,000?

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 $823,000?

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$67,963$67,357$66,767$66,190$65,627$62,998
2 years$33,645$33,018$32,411$31,822$31,251$28,636
3 years$22,207$21,578$20,972$20,389$19,827$17,307
4 years$16,489$15,862$15,262$14,689$14,141$11,736
5 years$13,060$12,436$11,844$11,283$10,750$8,466
6 years$10,774$10,155$9,572$9,023$8,506$6,344
7 years$9,142$8,528$7,954$7,418$6,917$4,878
8 years$7,918$7,310$6,746$6,223$5,739$3,818
9 years$6,967$6,365$5,810$5,300$4,833$3,029
10 years$6,207$5,610$5,065$4,569$4,118$2,427
11 years$5,585$4,994$4,460$3,976$3,541$1,959
12 years$5,067$4,483$3,958$3,488$3,069$1,592
13 years$4,629$4,051$3,536$3,079$2,676$1,299
14 years$4,255$3,682$3,177$2,733$2,346$1,064
15 years$3,930$3,364$2,868$2,438$2,066$875
16 years$3,646$3,086$2,601$2,183$1,826$720
17 years$3,396$2,842$2,367$1,961$1,619$595
18 years$3,174$2,626$2,160$1,767$1,439$492
19 years$2,976$2,434$1,978$1,597$1,283$407
20 years$2,797$2,262$1,815$1,446$1,146$337
21 years$2,636$2,107$1,669$1,313$1,025$280
22 years$2,490$1,967$1,539$1,194$919$232
23 years$2,356$1,839$1,421$1,087$825$193
24 years$2,234$1,723$1,314$991$742$161
25 years$2,122$1,617$1,217$905$667$133
26 years$2,018$1,520$1,129$828$601$111
27 years$1,923$1,431$1,048$758$542$92
28 years$1,834$1,348$974$694$489$77
29 years$1,752$1,272$907$637$442$64
30 years$1,675$1,201$845$584$399$53
31 years$1,604$1,135$787$537$361$44
32 years$1,537$1,074$735$493$326$37
33 years$1,474$1,017$686$454$295$31
34 years$1,415$964$641$417$267$26
35 years$1,359$915$599$384$242$21
36 years$1,307$868$560$354$219$18
37 years$1,258$824$525$326$199$15
38 years$1,211$783$491$300$180$12
39 years$1,167$745$460$277$163$10
40 years$1,125$709$431$256$148$9
41 years$1,085$675$405$236$135$7
42 years$1,048$643$379$218$122$6
43 years$1,012$612$356$201$111$5
44 years$978$584$334$185$101$4
45 years$945$557$314$171$91$3
46 years$914$531$295$158$83$3
47 years$885$507$277$146$75$2
48 years$856$484$260$135$68$2
49 years$829$462$245$125$62$2
50 years$804$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 $823,000, adding $2,202 every year, while hoping to spend $22,693 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: 31/43/26 Blend
56$823,000$823,000$823,000$823,000
57$909,217$865,598$852,842$930,080
58$977,812$883,868$857,267$964,565
59$1,052,643$902,271$861,080$999,501
60$1,134,323$920,792$864,235$1,036,655
61$1,223,524$939,412$866,688$1,076,235
62$1,320,989$958,108$868,388$1,118,473
63$1,427,535$976,861$869,283$1,163,623
64$1,544,060$995,643$869,321$1,211,968
65$1,671,555$1,014,430$868,444$1,263,817
66$1,811,109$1,033,193$866,592$1,319,515
67$1,963,923$1,051,900$863,703$1,379,441
68$2,131,318$1,070,518$859,713$1,444,014
69$2,314,750$1,089,012$854,551$1,513,697
70$2,515,823$1,107,342$848,147$1,589,001
71$2,736,302$1,125,466$840,425$1,670,489
72$2,978,131$1,143,340$831,305$1,758,785
73$3,243,453$1,160,917$820,707$1,854,576
74$3,534,627$1,178,143$808,542$1,958,622
75$3,854,251$1,194,964$794,720$2,071,762
76$4,205,188$1,211,321$779,146$2,194,922
77$4,590,591$1,227,150$761,722$2,329,123
78$5,013,935$1,242,383$742,343$2,475,494
79$5,479,045$1,256,949$720,901$2,635,280
80$5,990,138$1,270,770$697,281$2,809,857
81$6,551,858$1,283,763$671,365$3,000,741
82$7,169,321$1,295,841$643,029$3,209,607
83$7,848,164$1,306,909$612,143$3,438,305
84$8,594,597$1,316,868$578,571$3,688,874
85$9,415,463$1,325,612$542,170$3,963,566
86$10,318,301$1,333,027$502,793$4,264,865
87$11,311,415$1,338,993$460,284$4,595,512
88$12,403,957$1,343,382$414,482$4,958,533
89$13,606,010$1,346,057$365,216$5,357,266
90$14,928,684$1,346,874$312,311$5,795,392
91$16,384,218$1,345,679$255,582$6,276,975
92$17,986,100$1,342,310$194,836$6,806,497
93$19,749,191$1,336,591$129,872$7,388,902
94$21,689,865$1,328,341$60,479$8,029,646
95$23,826,165$1,317,363$0$8,734,744
96$26,177,971$1,303,452$0$9,514,601
97$28,767,190$1,286,387$0$10,390,920
98$31,617,961$1,265,937$0$11,355,047
99$34,756,880$1,241,855$0$12,415,957
100$38,213,256$1,213,880$0$13,583,543