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%13.3%
1 years$68,375$67,766$67,172$66,592$66,026$65,120
2 years$33,849$33,219$32,608$32,015$31,441$30,530
3 years$22,342$21,709$21,099$20,513$19,947$19,059
4 years$16,590$15,958$15,355$14,778$14,227$13,369
5 years$13,139$12,512$11,916$11,351$10,815$9,989
6 years$10,839$10,217$9,630$9,078$8,557$7,765
7 years$9,197$8,580$8,003$7,463$6,959$6,201
8 years$7,966$7,355$6,787$6,261$5,774$5,049
9 years$7,010$6,403$5,845$5,333$4,862$4,171
10 years$6,244$5,644$5,096$4,597$4,143$3,484
11 years$5,619$5,025$4,487$4,001$3,563$2,937
12 years$5,098$4,510$3,982$3,509$3,088$2,493
13 years$4,658$4,076$3,557$3,098$2,692$2,128
14 years$4,280$3,705$3,196$2,750$2,360$1,826
15 years$3,954$3,384$2,886$2,453$2,078$1,572
16 years$3,668$3,105$2,617$2,196$1,837$1,359
17 years$3,417$2,860$2,381$1,973$1,628$1,178
18 years$3,193$2,642$2,173$1,778$1,448$1,023
19 years$2,994$2,449$1,990$1,607$1,291$891
20 years$2,814$2,276$1,826$1,455$1,153$777
21 years$2,652$2,120$1,680$1,321$1,032$678
22 years$2,505$1,979$1,548$1,201$925$593
23 years$2,370$1,851$1,429$1,094$830$519
24 years$2,248$1,734$1,322$997$746$455
25 years$2,135$1,627$1,224$911$671$399
26 years$2,031$1,529$1,136$833$605$351
27 years$1,935$1,439$1,054$762$545$308
28 years$1,845$1,356$980$698$492$271
29 years$1,763$1,279$912$641$444$238
30 years$1,685$1,208$850$588$401$209
31 years$1,613$1,142$792$540$363$184
32 years$1,546$1,081$739$496$328$162
33 years$1,483$1,024$690$456$297$143
34 years$1,423$970$645$420$269$126
35 years$1,368$920$603$386$244$111
36 years$1,315$873$564$356$221$98
37 years$1,265$829$528$328$200$86
38 years$1,218$788$494$302$181$76
39 years$1,174$750$463$279$164$67
40 years$1,132$713$434$257$149$59
41 years$1,092$679$407$237$135$52
42 years$1,054$647$382$219$123$46
43 years$1,018$616$358$202$111$41
44 years$984$587$336$187$101$36
45 years$951$560$316$172$92$32
46 years$920$534$297$159$83$28
47 years$890$510$279$147$76$25
48 years$862$487$262$136$69$22
49 years$834$465$246$126$62$19
50 years$808$444$231$116$57$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $828,000, adding $5,195 every year, while hoping to spend $24,959 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: 34/43/23 Blend
56$828,000$828,000$828,000$828,000
57$917,815$873,931$861,097$942,438
58$984,876$890,197$863,387$977,471
59$1,057,940$906,424$864,918$1,012,583
60$1,137,594$922,583$865,637$1,049,943
61$1,224,483$938,644$865,490$1,089,765
62$1,319,317$954,574$864,421$1,132,286
63$1,422,877$970,337$862,368$1,177,771
64$1,536,023$985,896$859,270$1,226,508
65$1,659,702$1,001,210$855,060$1,278,819
66$1,794,957$1,016,235$849,670$1,335,058
67$1,942,936$1,030,924$843,027$1,395,618
68$2,104,903$1,045,227$835,056$1,460,930
69$2,282,250$1,059,090$825,678$1,531,475
70$2,476,509$1,072,455$814,808$1,607,780
71$2,689,370$1,085,262$802,361$1,690,429
72$2,922,690$1,097,445$788,244$1,780,069
73$3,178,518$1,108,933$772,364$1,877,411
74$3,459,108$1,119,652$754,619$1,983,244
75$3,766,944$1,129,522$734,906$2,098,438
76$4,104,763$1,138,458$713,116$2,223,953
77$4,475,576$1,146,371$689,133$2,360,851
78$4,882,705$1,153,163$662,839$2,510,303
79$5,329,806$1,158,733$634,109$2,673,604
80$5,820,906$1,162,971$602,812$2,852,184
81$6,360,444$1,165,761$568,811$3,047,619
82$6,953,307$1,166,982$531,964$3,261,653
83$7,604,882$1,166,501$492,122$3,496,210
84$8,321,100$1,164,180$449,129$3,753,411
85$9,108,500$1,159,872$402,822$4,035,602
86$9,974,281$1,153,420$353,031$4,345,370
87$10,926,379$1,144,659$299,578$4,685,571
88$11,973,534$1,133,412$242,279$5,059,356
89$13,125,378$1,119,493$180,939$5,470,204
90$14,392,523$1,102,704$115,356$5,921,954
91$15,786,659$1,082,835$45,320$6,418,842
92$17,320,669$1,059,665$0$6,965,542
93$19,008,747$1,032,959$0$7,574,433
94$20,866,533$1,002,467$0$8,256,322
95$22,911,257$967,926$0$9,006,414
96$25,161,908$929,057$0$9,831,696
97$27,639,408$885,566$0$10,739,874
98$30,366,808$837,139$0$11,739,444
99$33,369,510$783,447$0$12,839,774
100$36,675,505$724,141$0$14,051,193