Can I retire at age 57 with 829,000?

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 $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%12.6%
1 years$68,458$67,848$67,253$66,673$66,106$65,388
2 years$33,890$33,259$32,647$32,054$31,479$30,756
3 years$22,369$21,735$21,125$20,537$19,971$19,266
4 years$16,610$15,978$15,374$14,796$14,244$13,562
5 years$13,155$12,527$11,930$11,365$10,828$10,171
6 years$10,852$10,229$9,642$9,089$8,568$7,936
7 years$9,208$8,590$8,012$7,472$6,968$6,362
8 years$7,976$7,363$6,795$6,268$5,781$5,201
9 years$7,018$6,411$5,853$5,339$4,868$4,314
10 years$6,252$5,651$5,102$4,602$4,148$3,619
11 years$5,626$5,031$4,492$4,005$3,567$3,064
12 years$5,104$4,515$3,987$3,513$3,091$2,612
13 years$4,663$4,081$3,562$3,102$2,696$2,240
14 years$4,286$3,709$3,200$2,753$2,363$1,931
15 years$3,959$3,388$2,889$2,456$2,081$1,671
16 years$3,673$3,109$2,620$2,199$1,839$1,451
17 years$3,421$2,863$2,384$1,975$1,630$1,264
18 years$3,197$2,646$2,176$1,780$1,450$1,103
19 years$2,997$2,452$1,992$1,609$1,292$966
20 years$2,818$2,278$1,828$1,457$1,154$846
21 years$2,655$2,122$1,682$1,322$1,033$743
22 years$2,508$1,981$1,550$1,202$926$653
23 years$2,373$1,853$1,431$1,095$831$575
24 years$2,250$1,736$1,323$999$747$507
25 years$2,137$1,629$1,226$912$672$447
26 years$2,033$1,531$1,137$834$605$395
27 years$1,937$1,441$1,056$763$546$349
28 years$1,848$1,358$981$699$493$308
29 years$1,765$1,281$913$641$445$273
30 years$1,687$1,210$851$589$402$241
31 years$1,615$1,144$793$541$363$213
32 years$1,548$1,082$740$497$329$189
33 years$1,485$1,025$691$457$297$167
34 years$1,425$971$646$420$269$148
35 years$1,369$921$604$387$244$131
36 years$1,317$874$565$356$221$117
37 years$1,267$830$528$328$200$103
38 years$1,220$789$495$303$182$92
39 years$1,176$750$464$279$165$81
40 years$1,133$714$435$257$149$72
41 years$1,093$680$407$237$136$64
42 years$1,055$647$382$219$123$57
43 years$1,019$617$359$202$112$50
44 years$985$588$337$187$101$45
45 years$952$561$316$173$92$40
46 years$921$535$297$159$83$35
47 years$891$510$279$147$76$31
48 years$863$487$262$136$69$28
49 years$835$465$246$126$63$25
50 years$809$444$232$116$57$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $829,000, adding $4,436 every year, while hoping to spend $52,863 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: 84/7/9 Blend
56$829,000$829,000$829,000$829,000
57$918,134$874,197$861,347$993,787
58$955,538$860,787$833,957$1,030,482
59$994,985$844,948$803,877$1,063,199
60$1,036,628$826,505$770,961$1,097,500
61$1,080,634$805,273$735,058$1,133,511
62$1,127,184$781,057$696,008$1,171,370
63$1,176,476$753,648$653,644$1,211,230
64$1,228,727$722,828$607,791$1,253,261
65$1,284,174$688,363$558,269$1,297,646
66$1,343,075$650,008$504,886$1,344,590
67$1,405,713$607,502$447,444$1,394,318
68$1,472,398$560,572$385,736$1,447,077
69$1,543,469$508,927$319,544$1,503,139
70$1,619,297$452,258$248,643$1,562,805
71$1,700,289$390,242$172,796$1,626,406
72$1,786,890$322,536$91,757$1,694,306
73$1,879,590$248,778$5,268$1,766,907
74$1,978,924$168,583$0$1,844,653
75$2,085,480$81,550$0$1,936,390
76$2,199,902$0$0$2,035,382
77$2,322,900$0$0$2,142,727
78$2,455,249$0$0$2,265,002
79$2,597,804$0$0$2,396,718
80$2,751,501$0$0$2,538,739
81$2,917,370$0$0$2,692,020
82$3,096,542$0$0$2,857,607
83$3,290,259$0$0$3,036,650
84$3,499,889$0$0$3,230,415
85$3,726,933$0$0$3,440,289
86$3,973,041$0$0$3,667,803
87$4,240,031$0$0$3,914,637
88$4,529,899$0$0$4,182,637
89$4,844,840$0$0$4,473,839
90$5,187,272$0$0$4,790,477
91$5,559,852$0$0$5,135,011
92$5,965,505$0$0$5,510,149
93$6,407,448$0$0$5,918,869
94$6,889,224$0$0$6,364,450
95$7,414,729$0$0$6,850,498
96$7,988,255$0$0$7,380,984
97$8,614,523$0$0$7,960,280
98$9,298,731$0$0$8,593,196
99$10,046,603$0$0$9,285,031
100$10,864,438$0$0$10,041,615