Can I retire at age 57 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$68,045$67,439$66,848$66,271$65,707$63,655
2 years$33,686$33,058$32,450$31,861$31,289$29,240
3 years$22,234$21,604$20,998$20,414$19,851$17,869
4 years$16,509$15,881$15,281$14,707$14,158$12,258
5 years$13,075$12,451$11,859$11,296$10,763$8,950
6 years$10,787$10,167$9,583$9,034$8,516$6,793
7 years$9,153$8,538$7,964$7,427$6,926$5,292
8 years$7,928$7,319$6,754$6,230$5,746$4,199
9 years$6,976$6,373$5,817$5,307$4,839$3,378
10 years$6,214$5,617$5,072$4,575$4,123$2,746
11 years$5,592$5,001$4,465$3,981$3,546$2,251
12 years$5,073$4,488$3,963$3,492$3,073$1,857
13 years$4,635$4,056$3,540$3,083$2,679$1,539
14 years$4,260$3,687$3,181$2,737$2,349$1,281
15 years$3,935$3,368$2,872$2,441$2,068$1,070
16 years$3,651$3,090$2,604$2,185$1,828$897
17 years$3,400$2,846$2,369$1,964$1,621$753
18 years$3,178$2,630$2,163$1,770$1,441$633
19 years$2,979$2,437$1,980$1,599$1,284$534
20 years$2,801$2,265$1,817$1,448$1,147$450
21 years$2,639$2,110$1,671$1,314$1,027$380
22 years$2,493$1,969$1,541$1,195$920$321
23 years$2,359$1,842$1,422$1,088$826$272
24 years$2,237$1,726$1,315$993$742$230
25 years$2,124$1,619$1,218$906$668$195
26 years$2,021$1,522$1,130$829$602$165
27 years$1,925$1,432$1,049$759$543$140
28 years$1,837$1,350$975$695$490$119
29 years$1,754$1,273$908$637$442$101
30 years$1,677$1,202$846$585$399$85
31 years$1,606$1,137$788$537$361$73
32 years$1,539$1,076$735$494$327$62
33 years$1,476$1,019$687$454$296$52
34 years$1,417$965$642$418$268$44
35 years$1,361$916$600$385$242$38
36 years$1,309$869$561$354$220$32
37 years$1,259$825$525$326$199$27
38 years$1,213$784$492$301$180$23
39 years$1,168$746$461$277$164$20
40 years$1,127$710$432$256$148$17
41 years$1,087$676$405$236$135$14
42 years$1,049$643$380$218$122$12
43 years$1,013$613$357$201$111$10
44 years$979$584$335$186$101$9
45 years$946$557$314$171$91$7
46 years$915$532$295$158$83$6
47 years$886$507$277$146$75$5
48 years$857$484$261$135$68$5
49 years$830$462$245$125$62$4
50 years$805$442$230$116$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $824,000, adding $4,479 every year, while hoping to spend $25,386 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: 85/6/9 Blend
56$824,000$824,000$824,000$824,000
57$912,668$868,996$856,224$988,804
58$978,750$884,566$857,897$1,054,769
59$1,050,721$900,049$858,775$1,123,320
60$1,129,155$915,412$858,805$1,197,841
61$1,214,685$930,623$857,931$1,278,916
62$1,308,005$945,646$856,094$1,367,190
63$1,409,880$960,441$853,232$1,463,371
64$1,521,153$974,968$849,280$1,568,239
65$1,642,751$989,182$844,171$1,682,654
66$1,775,695$1,003,035$837,834$1,807,563
67$1,921,109$1,016,476$830,194$1,944,008
68$2,080,230$1,029,452$821,174$2,093,139
69$2,254,421$1,041,903$810,691$2,256,220
70$2,445,183$1,053,767$798,660$2,434,645
71$2,654,168$1,064,978$784,992$2,629,950
72$2,883,197$1,075,465$769,593$2,843,827
73$3,134,272$1,085,153$752,364$3,078,139
74$3,409,603$1,093,960$733,203$3,334,939
75$3,711,620$1,101,802$712,003$3,616,489
76$4,043,001$1,108,586$688,651$3,925,282
77$4,406,697$1,114,216$663,030$4,264,065
78$4,805,955$1,118,588$635,016$4,635,862
79$5,244,356$1,121,592$604,483$5,044,007
80$5,725,841$1,123,111$571,294$5,492,174
81$6,254,755$1,123,022$535,311$5,984,411
82$6,835,882$1,121,191$496,385$6,525,178
83$7,474,492$1,117,480$454,365$7,119,388
84$8,176,394$1,111,740$409,089$7,772,458
85$8,947,983$1,103,813$360,391$8,490,354
86$9,796,309$1,093,531$308,096$9,279,651
87$10,729,137$1,080,719$252,021$10,147,597
88$11,755,022$1,065,187$191,977$11,102,174
89$12,883,389$1,046,736$127,763$12,152,182
90$14,124,625$1,025,156$59,174$13,307,316
91$15,490,172$1,000,224$0$14,578,259
92$16,992,636$971,702$0$15,978,133
93$18,645,910$939,340$0$17,524,717
94$20,465,298$902,873$0$19,226,642
95$22,467,666$862,021$0$21,099,687
96$24,671,594$816,486$0$23,161,240
97$27,097,558$765,955$0$25,430,459
98$29,768,119$710,097$0$27,928,457
99$32,708,135$648,559$0$30,678,495
100$35,944,998$580,972$0$33,706,210