Can I retire at age 57 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$68,541$67,930$67,334$66,753$66,185$64,612
2 years$33,931$33,299$32,687$32,093$31,517$29,940
3 years$22,396$21,761$21,150$20,562$19,996$18,466
4 years$16,630$15,997$15,392$14,814$14,261$12,790
5 years$13,171$12,542$11,945$11,378$10,841$9,432
6 years$10,865$10,241$9,653$9,099$8,578$7,233
7 years$9,220$8,601$8,022$7,481$6,976$5,696
8 years$7,986$7,372$6,803$6,276$5,788$4,571
9 years$7,026$6,419$5,860$5,346$4,874$3,720
10 years$6,260$5,658$5,109$4,608$4,153$3,060
11 years$5,633$5,037$4,497$4,010$3,572$2,539
12 years$5,110$4,521$3,991$3,518$3,095$2,120
13 years$4,669$4,086$3,566$3,105$2,699$1,781
14 years$4,291$3,714$3,204$2,757$2,366$1,502
15 years$3,963$3,393$2,893$2,458$2,083$1,272
16 years$3,677$3,113$2,623$2,201$1,841$1,080
17 years$3,425$2,867$2,387$1,978$1,632$919
18 years$3,201$2,649$2,179$1,782$1,451$784
19 years$3,001$2,455$1,995$1,611$1,294$670
20 years$2,821$2,281$1,830$1,459$1,156$574
21 years$2,658$2,125$1,684$1,324$1,034$491
22 years$2,511$1,983$1,552$1,204$927$422
23 years$2,376$1,855$1,433$1,096$832$362
24 years$2,253$1,738$1,325$1,000$748$311
25 years$2,140$1,631$1,227$913$673$268
26 years$2,036$1,533$1,138$835$606$230
27 years$1,939$1,443$1,057$764$547$198
28 years$1,850$1,359$983$700$493$171
29 years$1,767$1,283$914$642$445$147
30 years$1,690$1,211$852$589$402$127
31 years$1,617$1,145$794$541$364$109
32 years$1,550$1,083$741$497$329$94
33 years$1,486$1,026$692$457$298$81
34 years$1,427$972$646$421$270$70
35 years$1,371$922$604$387$244$60
36 years$1,318$875$565$357$221$52
37 years$1,268$831$529$329$201$45
38 years$1,221$790$495$303$182$39
39 years$1,177$751$464$279$165$34
40 years$1,135$715$435$258$150$29
41 years$1,095$680$408$238$136$25
42 years$1,057$648$383$219$123$22
43 years$1,021$617$359$203$112$19
44 years$986$589$337$187$101$16
45 years$953$561$317$173$92$14
46 years$922$535$297$160$84$12
47 years$892$511$279$147$76$10
48 years$864$488$262$136$69$9
49 years$836$466$247$126$63$8
50 years$810$445$232$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $830,000, adding $5,341 every year, while hoping to spend $43,432 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: 50/44/6 Blend
56$830,000$830,000$830,000$830,000
57$920,169$876,179$863,314$964,546
58$967,815$872,901$846,024$992,070
59$1,018,865$868,006$826,699$1,016,850
60$1,073,621$861,370$805,225$1,042,738
61$1,132,413$852,860$781,482$1,069,847
62$1,195,605$842,335$755,347$1,098,306
63$1,263,593$829,646$726,689$1,128,257
64$1,336,817$814,636$695,370$1,159,861
65$1,415,757$797,138$661,249$1,193,294
66$1,500,939$776,973$624,176$1,228,759
67$1,592,945$753,954$583,996$1,266,477
68$1,692,411$727,883$540,545$1,306,698
69$1,800,037$698,550$493,654$1,349,702
70$1,916,594$665,732$443,144$1,395,798
71$2,042,928$629,194$388,831$1,445,333
72$2,179,969$588,687$330,519$1,498,692
73$2,328,741$543,948$268,007$1,556,307
74$2,490,370$494,699$201,083$1,618,657
75$2,666,094$440,646$129,526$1,686,273
76$2,857,276$381,478$53,105$1,759,750
77$3,065,415$316,867$0$1,839,746
78$3,292,160$246,466$0$1,928,818
79$3,539,326$169,908$0$2,029,705
80$3,808,910$86,808$0$2,139,925
81$4,103,113$0$0$2,260,502
82$4,424,354$0$0$2,394,141
83$4,775,297$0$0$2,586,135
84$5,158,875$0$0$2,796,068
85$5,578,318$0$0$3,025,717
86$6,037,181$0$0$3,277,041
87$6,539,379$0$0$3,552,194
88$7,089,224$0$0$3,853,552
89$7,691,461$0$0$4,183,727
90$8,351,320$0$0$4,545,600
91$9,074,557$0$0$4,942,340
92$9,867,513$0$0$5,377,441
93$10,737,172$0$0$5,854,747
94$11,691,227$0$0$6,378,496
95$12,738,150$0$0$6,953,354
96$13,887,272$0$0$7,584,461
97$15,148,875$0$0$8,277,481
98$16,534,282$0$0$9,038,649
99$18,055,968$0$0$9,874,838
100$19,727,674$0$0$10,793,617