Can I retire at age 57 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,293$67,685$67,091$66,512$65,946$65,312
2 years$33,808$33,179$32,568$31,977$31,403$30,764
3 years$22,315$21,683$21,074$20,488$19,923$19,299
4 years$16,569$15,939$15,336$14,760$14,209$13,606
5 years$13,123$12,496$11,902$11,337$10,802$10,220
6 years$10,826$10,204$9,618$9,067$8,547$7,987
7 years$9,186$8,570$7,993$7,454$6,951$6,414
8 years$7,957$7,346$6,779$6,253$5,767$5,252
9 years$7,001$6,396$5,838$5,326$4,856$4,364
10 years$6,237$5,638$5,090$4,591$4,138$3,668
11 years$5,612$5,019$4,481$3,996$3,559$3,111
12 years$5,092$4,505$3,977$3,505$3,084$2,657
13 years$4,652$4,071$3,553$3,094$2,689$2,284
14 years$4,275$3,700$3,193$2,747$2,357$1,972
15 years$3,949$3,380$2,882$2,450$2,076$1,710
16 years$3,664$3,101$2,613$2,193$1,834$1,488
17 years$3,413$2,856$2,378$1,971$1,627$1,299
18 years$3,189$2,639$2,171$1,776$1,446$1,136
19 years$2,990$2,446$1,987$1,605$1,289$996
20 years$2,811$2,273$1,824$1,453$1,151$875
21 years$2,649$2,117$1,678$1,319$1,030$770
22 years$2,502$1,976$1,546$1,199$924$679
23 years$2,368$1,848$1,428$1,092$829$599
24 years$2,245$1,732$1,320$996$745$529
25 years$2,132$1,625$1,223$910$671$468
26 years$2,028$1,527$1,134$832$604$414
27 years$1,932$1,438$1,053$761$545$366
28 years$1,843$1,355$979$698$491$325
29 years$1,760$1,278$911$640$444$288
30 years$1,683$1,207$849$587$401$255
31 years$1,611$1,141$791$539$362$227
32 years$1,544$1,079$738$496$328$201
33 years$1,481$1,022$689$456$297$179
34 years$1,422$969$644$419$269$159
35 years$1,366$919$602$386$243$141
36 years$1,313$872$563$355$220$125
37 years$1,264$828$527$328$200$111
38 years$1,217$787$494$302$181$99
39 years$1,173$749$463$278$164$88
40 years$1,131$712$434$257$149$78
41 years$1,091$678$406$237$135$70
42 years$1,053$646$381$219$123$62
43 years$1,017$615$358$202$111$55
44 years$983$586$336$186$101$49
45 years$950$559$315$172$92$44
46 years$919$533$296$159$83$39
47 years$889$509$278$147$76$35
48 years$861$486$261$136$69$31
49 years$833$464$246$125$62$27
50 years$807$443$231$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $827,000, adding $4,595 every year, while hoping to spend $27,736 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: 40/31/29 Blend
56$827,000$827,000$827,000$827,000
57$916,094$872,263$859,444$944,742
58$980,024$885,493$858,725$979,260
59$1,049,546$898,441$857,052$1,013,676
60$1,125,201$911,066$854,363$1,050,387
61$1,207,583$923,319$850,596$1,089,621
62$1,297,348$935,153$845,682$1,131,632
63$1,395,216$946,515$839,552$1,176,699
64$1,501,982$957,348$832,130$1,225,131
65$1,618,517$967,591$823,340$1,277,270
66$1,745,785$977,182$813,101$1,333,495
67$1,884,842$986,051$801,327$1,394,226
68$2,036,855$994,126$787,930$1,459,924
69$2,203,105$1,001,329$772,817$1,531,103
70$2,385,005$1,007,578$755,889$1,608,329
71$2,584,110$1,012,784$737,046$1,692,228
72$2,802,132$1,016,853$716,180$1,783,494
73$3,040,958$1,019,688$693,181$1,882,891
74$3,302,664$1,021,180$667,931$1,991,266
75$3,589,537$1,021,219$640,307$2,109,553
76$3,904,096$1,019,685$610,184$2,238,787
77$4,249,115$1,016,452$577,427$2,380,109
78$4,627,651$1,011,384$541,897$2,534,781
79$5,043,069$1,004,339$503,448$2,704,196
80$5,499,076$995,166$461,928$2,889,894
81$5,999,757$983,705$417,177$3,093,575
82$6,549,611$969,784$369,031$3,317,119
83$7,153,593$953,225$317,315$3,562,597
84$7,817,162$933,836$261,848$3,832,302
85$8,546,333$911,415$202,441$4,128,761
86$9,347,733$885,747$138,896$4,454,767
87$10,228,659$856,607$71,007$4,813,401
88$11,197,155$823,754$0$5,208,067
89$12,262,081$786,933$0$5,642,966
90$13,433,198$745,877$0$6,145,275
91$14,721,260$700,302$0$6,697,645
92$16,138,119$649,907$0$7,305,203
93$17,696,828$594,373$0$7,973,599
94$19,411,773$533,367$0$8,709,064
95$21,298,804$466,531$0$9,518,468
96$23,375,383$393,492$0$10,409,388
97$25,660,753$313,854$0$11,390,174
98$28,176,114$227,197$0$12,470,036
99$30,944,828$133,080$0$13,659,127
100$33,992,635$31,036$0$14,968,641