Can I retire at age 57 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$68,375$67,766$67,172$66,592$66,026$63,912
2 years$33,849$33,219$32,608$32,015$31,441$29,331
3 years$22,342$21,709$21,099$20,513$19,947$17,907
4 years$16,590$15,958$15,355$14,778$14,227$12,272
5 years$13,139$12,512$11,916$11,351$10,815$8,951
6 years$10,839$10,217$9,630$9,078$8,557$6,786
7 years$9,197$8,580$8,003$7,463$6,959$5,280
8 years$7,966$7,355$6,787$6,261$5,774$4,185
9 years$7,010$6,403$5,845$5,333$4,862$3,363
10 years$6,244$5,644$5,096$4,597$4,143$2,731
11 years$5,619$5,025$4,487$4,001$3,563$2,235
12 years$5,098$4,510$3,982$3,509$3,088$1,841
13 years$4,658$4,076$3,557$3,098$2,692$1,524
14 years$4,280$3,705$3,196$2,750$2,360$1,267
15 years$3,954$3,384$2,886$2,453$2,078$1,057
16 years$3,668$3,105$2,617$2,196$1,837$884
17 years$3,417$2,860$2,381$1,973$1,628$741
18 years$3,193$2,642$2,173$1,778$1,448$623
19 years$2,994$2,449$1,990$1,607$1,291$524
20 years$2,814$2,276$1,826$1,455$1,153$441
21 years$2,652$2,120$1,680$1,321$1,032$372
22 years$2,505$1,979$1,548$1,201$925$314
23 years$2,370$1,851$1,429$1,094$830$265
24 years$2,248$1,734$1,322$997$746$224
25 years$2,135$1,627$1,224$911$671$190
26 years$2,031$1,529$1,136$833$605$160
27 years$1,935$1,439$1,054$762$545$136
28 years$1,845$1,356$980$698$492$115
29 years$1,763$1,279$912$641$444$97
30 years$1,685$1,208$850$588$401$82
31 years$1,613$1,142$792$540$363$70
32 years$1,546$1,081$739$496$328$59
33 years$1,483$1,024$690$456$297$50
34 years$1,423$970$645$420$269$43
35 years$1,368$920$603$386$244$36
36 years$1,315$873$564$356$221$31
37 years$1,265$829$528$328$200$26
38 years$1,218$788$494$302$181$22
39 years$1,174$750$463$279$164$19
40 years$1,132$713$434$257$149$16
41 years$1,092$679$407$237$135$13
42 years$1,054$647$382$219$123$11
43 years$1,018$616$358$202$111$10
44 years$984$587$336$187$101$8
45 years$951$560$316$172$92$7
46 years$920$534$297$159$83$6
47 years$890$510$279$147$76$5
48 years$862$487$262$136$69$4
49 years$834$465$246$126$62$4
50 years$808$444$231$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $828,000, adding $5,419 every year, while hoping to spend $29,013 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: 67/5/28 Blend
56$828,000$828,000$828,000$828,000
57$918,046$874,162$861,328$972,483
58$980,817$886,126$859,313$1,021,796
59$1,049,018$897,704$856,258$1,071,953
60$1,123,173$908,847$852,097$1,126,166
61$1,203,857$919,501$846,763$1,184,836
62$1,291,703$929,609$840,182$1,248,408
63$1,387,409$939,112$832,281$1,317,372
64$1,491,742$947,946$822,979$1,392,267
65$1,605,545$956,041$812,194$1,473,690
66$1,729,748$963,324$799,840$1,562,298
67$1,865,374$969,718$785,826$1,658,816
68$2,013,548$975,140$770,057$1,764,043
69$2,175,509$979,501$752,434$1,878,861
70$2,352,623$982,709$732,852$2,004,242
71$2,546,392$984,663$711,204$2,141,260
72$2,758,470$985,257$687,375$2,291,098
73$2,990,678$984,380$661,247$2,455,061
74$3,245,024$981,911$632,695$2,634,586
75$3,523,716$977,724$601,590$2,831,263
76$3,829,186$971,684$567,795$3,046,840
77$4,164,116$963,649$531,168$3,283,247
78$4,531,455$953,467$491,562$3,542,614
79$4,934,455$940,978$448,821$3,827,286
80$5,376,696$926,012$402,782$4,139,852
81$5,862,121$908,389$353,278$4,483,166
82$6,395,076$887,919$300,131$4,860,373
83$6,980,344$864,398$243,156$5,274,943
84$7,623,199$837,613$182,162$5,730,703
85$8,329,447$807,338$116,946$6,231,869
86$9,105,486$773,333$47,299$6,783,091
87$9,958,364$735,344$0$7,389,498
88$10,895,845$693,103$0$8,064,816
89$11,926,483$646,328$0$8,822,808
90$13,059,703$594,717$0$9,656,271
91$14,305,888$537,953$0$10,572,853
92$15,676,479$475,702$0$11,580,984
93$17,184,078$407,610$0$12,689,949
94$18,842,573$333,302$0$13,909,982
95$20,667,265$252,383$0$15,252,360
96$22,675,011$164,436$0$16,729,506
97$24,884,389$69,019$0$18,355,112
98$27,315,863$0$0$20,144,264
99$29,991,985$0$0$22,115,475
100$32,937,604$0$0$24,289,436