Can I retire at age 57 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$68,458$67,848$67,253$66,673$66,106$63,583
2 years$33,890$33,259$32,647$32,054$31,479$28,967
3 years$22,369$21,735$21,125$20,537$19,971$17,550
4 years$16,610$15,978$15,374$14,796$14,244$11,930
5 years$13,155$12,527$11,930$11,365$10,828$8,629
6 years$10,852$10,229$9,642$9,089$8,568$6,484
7 years$9,208$8,590$8,012$7,472$6,968$5,000
8 years$7,976$7,363$6,795$6,268$5,781$3,925
9 years$7,018$6,411$5,853$5,339$4,868$3,124
10 years$6,252$5,651$5,102$4,602$4,148$2,511
11 years$5,626$5,031$4,492$4,005$3,567$2,034
12 years$5,104$4,515$3,987$3,513$3,091$1,658
13 years$4,663$4,081$3,562$3,102$2,696$1,357
14 years$4,286$3,709$3,200$2,753$2,363$1,116
15 years$3,959$3,388$2,889$2,456$2,081$920
16 years$3,673$3,109$2,620$2,199$1,839$761
17 years$3,421$2,863$2,384$1,975$1,630$630
18 years$3,197$2,646$2,176$1,780$1,450$523
19 years$2,997$2,452$1,992$1,609$1,292$435
20 years$2,818$2,278$1,828$1,457$1,154$362
21 years$2,655$2,122$1,682$1,322$1,033$301
22 years$2,508$1,981$1,550$1,202$926$251
23 years$2,373$1,853$1,431$1,095$831$210
24 years$2,250$1,736$1,323$999$747$175
25 years$2,137$1,629$1,226$912$672$146
26 years$2,033$1,531$1,137$834$605$122
27 years$1,937$1,441$1,056$763$546$102
28 years$1,848$1,358$981$699$493$85
29 years$1,765$1,281$913$641$445$71
30 years$1,687$1,210$851$589$402$59
31 years$1,615$1,144$793$541$363$50
32 years$1,548$1,082$740$497$329$42
33 years$1,485$1,025$691$457$297$35
34 years$1,425$971$646$420$269$29
35 years$1,369$921$604$387$244$24
36 years$1,317$874$565$356$221$20
37 years$1,267$830$528$328$200$17
38 years$1,220$789$495$303$182$14
39 years$1,176$750$464$279$165$12
40 years$1,133$714$435$257$149$10
41 years$1,093$680$407$237$136$8
42 years$1,055$647$382$219$123$7
43 years$1,019$617$359$202$112$6
44 years$985$588$337$187$101$5
45 years$952$561$316$173$92$4
46 years$921$535$297$159$83$3
47 years$891$510$279$147$76$3
48 years$863$487$262$136$69$2
49 years$835$465$246$126$63$2
50 years$809$444$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $829,000, adding $5,137 every year, while hoping to spend $49,846 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: 53/41/6 Blend
56$829,000$829,000$829,000$829,000
57$918,857$874,920$862,070$966,015
58$959,544$864,755$837,914$988,352
59$1,002,712$852,422$811,278$1,006,736
60$1,048,559$837,761$782,026$1,025,525
61$1,097,304$820,604$750,017$1,044,767
62$1,149,189$800,773$715,101$1,064,516
63$1,204,474$778,079$677,125$1,084,834
64$1,263,447$752,322$635,926$1,105,794
65$1,326,424$723,290$591,335$1,127,478
66$1,393,748$690,761$543,173$1,149,981
67$1,465,799$654,496$491,258$1,173,409
68$1,542,990$614,246$435,394$1,197,886
69$1,625,776$569,745$375,382$1,223,552
70$1,714,657$520,715$311,009$1,250,563
71$1,810,180$466,857$242,055$1,279,099
72$1,912,946$407,861$168,291$1,309,363
73$2,023,615$343,395$89,478$1,341,583
74$2,142,912$273,109$5,363$1,376,017
75$2,271,633$196,636$0$1,412,956
76$2,410,653$113,585$0$1,458,129
77$2,560,934$23,545$0$1,507,218
78$2,723,532$0$0$1,560,310
79$2,899,608$0$0$1,651,234
80$3,090,440$0$0$1,761,359
81$3,297,432$0$0$1,880,880
82$3,522,127$0$0$2,010,697
83$3,766,225$0$0$2,151,802
84$4,031,593$0$0$2,305,284
85$4,320,287$0$0$2,472,342
86$4,634,567$0$0$2,654,295
87$4,976,924$0$0$2,852,596
88$5,350,093$0$0$3,068,841
89$5,757,091$0$0$3,304,790
90$6,201,232$0$0$3,562,378
91$6,686,169$0$0$3,843,736
92$7,215,920$0$0$4,151,209
93$7,794,911$0$0$4,487,379
94$8,428,012$0$0$4,855,091
95$9,120,587$0$0$5,257,474
96$9,878,541$0$0$5,697,976
97$10,708,378$0$0$6,180,392
98$11,617,259$0$0$6,708,904
99$12,613,069$0$0$7,288,114
100$13,704,493$0$0$7,923,093