Can I retire at age 57 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$68,210$67,603$67,010$66,431$65,866$64,274
2 years$33,767$33,139$32,529$31,938$31,365$29,770
3 years$22,288$21,656$21,048$20,463$19,899$18,352
4 years$16,549$15,920$15,318$14,743$14,192$12,705
5 years$13,107$12,481$11,887$11,324$10,789$9,365
6 years$10,813$10,192$9,607$9,056$8,537$7,178
7 years$9,175$8,559$7,983$7,445$6,943$5,649
8 years$7,947$7,337$6,770$6,246$5,760$4,530
9 years$6,993$6,388$5,831$5,320$4,850$3,685
10 years$6,229$5,631$5,084$4,586$4,133$3,029
11 years$5,605$5,013$4,476$3,991$3,554$2,512
12 years$5,086$4,499$3,972$3,501$3,080$2,096
13 years$4,646$4,066$3,549$3,091$2,686$1,759
14 years$4,270$3,696$3,189$2,743$2,354$1,483
15 years$3,944$3,376$2,879$2,447$2,073$1,254
16 years$3,659$3,098$2,610$2,191$1,832$1,064
17 years$3,408$2,853$2,375$1,968$1,625$905
18 years$3,186$2,636$2,168$1,774$1,444$772
19 years$2,986$2,443$1,985$1,603$1,287$659
20 years$2,807$2,270$1,822$1,452$1,150$564
21 years$2,646$2,115$1,676$1,317$1,029$483
22 years$2,499$1,974$1,544$1,198$922$414
23 years$2,365$1,846$1,426$1,091$828$355
24 years$2,242$1,730$1,319$995$744$305
25 years$2,130$1,623$1,221$909$670$262
26 years$2,026$1,526$1,133$831$603$225
27 years$1,930$1,436$1,052$761$544$194
28 years$1,841$1,353$978$697$491$167
29 years$1,758$1,276$910$639$443$144
30 years$1,681$1,205$848$586$400$124
31 years$1,610$1,139$790$539$362$106
32 years$1,542$1,078$737$495$327$92
33 years$1,479$1,021$688$455$296$79
34 years$1,420$968$643$419$268$68
35 years$1,364$918$601$386$243$59
36 years$1,312$871$563$355$220$51
37 years$1,262$827$527$327$200$44
38 years$1,216$786$493$302$181$38
39 years$1,171$748$462$278$164$32
40 years$1,129$711$433$256$149$28
41 years$1,089$677$406$237$135$24
42 years$1,052$645$381$218$123$21
43 years$1,016$615$357$202$111$18
44 years$981$586$335$186$101$16
45 years$949$559$315$172$92$13
46 years$918$533$296$159$83$12
47 years$888$508$278$147$76$10
48 years$860$485$261$136$69$9
49 years$832$464$245$125$62$7
50 years$806$443$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $826,000, adding $3,940 every year, while hoping to spend $30,956 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: 47/46/7 Blend
56$826,000$826,000$826,000$826,000
57$914,316$870,538$857,735$955,387
58$974,639$880,258$853,532$993,712
59$1,040,078$889,416$848,151$1,031,710
60$1,111,121$897,952$841,520$1,072,224
61$1,188,307$905,804$833,562$1,115,495
62$1,272,227$912,901$824,199$1,161,791
63$1,363,533$919,171$813,348$1,211,408
64$1,462,940$924,537$800,922$1,264,673
65$1,571,237$928,916$786,830$1,321,949
66$1,689,291$932,221$770,976$1,383,636
67$1,818,057$934,358$753,262$1,450,175
68$1,958,585$935,228$733,583$1,522,056
69$2,112,032$934,726$711,830$1,599,820
70$2,279,672$932,740$687,889$1,684,063
71$2,462,906$929,152$661,640$1,775,447
72$2,663,277$923,835$632,960$1,874,699
73$2,882,484$916,656$601,717$1,982,628
74$3,122,398$907,473$567,775$2,100,122
75$3,385,080$896,135$530,992$2,228,168
76$3,672,797$882,485$491,219$2,367,852
77$3,988,047$866,352$448,301$2,520,375
78$4,333,584$847,559$402,074$2,687,066
79$4,712,435$825,916$352,370$2,869,389
80$5,127,940$801,222$299,010$3,068,964
81$5,583,773$773,265$241,811$3,287,580
82$6,083,985$741,821$180,578$3,527,210
83$6,633,033$706,653$115,109$3,790,037
84$7,235,832$667,508$45,195$4,078,468
85$7,897,792$624,122$0$4,395,162
86$8,624,876$576,212$0$4,745,251
87$9,423,649$523,483$0$5,133,525
88$10,301,347$465,619$0$5,560,200
89$11,265,940$402,290$0$6,029,243
90$12,326,207$333,143$0$6,545,034
91$13,491,823$257,810$0$7,112,402
92$14,773,444$175,898$0$7,736,681
93$16,182,813$86,994$0$8,423,751
94$17,732,865$0$0$9,180,102
95$19,437,854$0$0$10,017,622
96$21,313,483$0$0$10,987,509
97$23,377,054$0$0$12,054,690
98$25,647,632$0$0$13,229,037
99$28,146,222$0$0$14,521,427
100$30,895,968$0$0$15,943,847