Can I retire at age 57 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$68,623$68,012$67,416$66,833$66,265$65,087
2 years$33,972$33,339$32,726$32,131$31,555$30,372
3 years$22,423$21,788$21,176$20,587$20,020$18,869
4 years$16,650$16,016$15,411$14,832$14,278$13,168
5 years$13,187$12,557$11,959$11,392$10,854$9,788
6 years$10,879$10,254$9,665$9,110$8,588$7,568
7 years$9,231$8,611$8,032$7,490$6,985$6,010
8 years$7,995$7,381$6,811$6,283$5,794$4,865
9 years$7,035$6,427$5,867$5,352$4,880$3,995
10 years$6,267$5,665$5,115$4,613$4,158$3,317
11 years$5,639$5,043$4,503$4,015$3,576$2,778
12 years$5,117$4,526$3,996$3,522$3,099$2,343
13 years$4,674$4,090$3,570$3,109$2,702$1,987
14 years$4,296$3,718$3,208$2,760$2,369$1,693
15 years$3,968$3,397$2,896$2,461$2,086$1,449
16 years$3,682$3,116$2,626$2,204$1,843$1,243
17 years$3,429$2,870$2,390$1,980$1,634$1,070
18 years$3,205$2,652$2,181$1,785$1,453$923
19 years$3,004$2,458$1,997$1,613$1,295$797
20 years$2,824$2,284$1,833$1,460$1,157$690
21 years$2,662$2,127$1,686$1,325$1,035$598
22 years$2,514$1,986$1,554$1,205$928$519
23 years$2,379$1,857$1,435$1,098$833$451
24 years$2,256$1,740$1,327$1,001$749$392
25 years$2,142$1,633$1,229$914$674$341
26 years$2,038$1,535$1,140$836$607$297
27 years$1,942$1,444$1,058$765$547$259
28 years$1,852$1,361$984$701$494$226
29 years$1,769$1,284$915$643$446$197
30 years$1,692$1,213$853$590$403$172
31 years$1,619$1,146$795$542$364$150
32 years$1,552$1,085$742$498$329$131
33 years$1,488$1,027$693$458$298$114
34 years$1,429$974$647$421$270$100
35 years$1,373$923$605$388$244$87
36 years$1,320$876$566$357$222$76
37 years$1,270$832$530$329$201$67
38 years$1,223$791$496$303$182$58
39 years$1,178$752$465$280$165$51
40 years$1,136$716$436$258$150$45
41 years$1,096$681$408$238$136$39
42 years$1,058$649$383$220$123$34
43 years$1,022$618$360$203$112$30
44 years$987$589$337$187$102$26
45 years$955$562$317$173$92$23
46 years$923$536$298$160$84$20
47 years$893$512$280$148$76$17
48 years$865$488$263$136$69$15
49 years$837$466$247$126$63$13
50 years$811$445$232$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $831,000, adding $4,192 every year, while hoping to spend $23,830 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: 38/47/15 Blend
56$831,000$831,000$831,000$831,000
57$920,086$876,043$863,163$950,734
58$988,580$893,614$866,724$990,614
59$1,063,261$911,248$869,605$1,031,082
60$1,144,737$928,921$871,760$1,074,303
61$1,233,673$946,611$873,136$1,120,538
62$1,330,803$964,291$873,682$1,170,072
63$1,436,937$981,934$873,343$1,223,223
64$1,552,964$999,508$872,059$1,280,338
65$1,679,864$1,016,981$869,771$1,341,803
66$1,818,715$1,034,318$866,413$1,408,042
67$1,970,705$1,051,481$861,919$1,479,523
68$2,137,143$1,068,429$856,219$1,556,763
69$2,319,468$1,085,119$849,239$1,640,333
70$2,519,267$1,101,503$840,901$1,730,861
71$2,738,286$1,117,531$831,126$1,829,042
72$2,978,451$1,133,149$819,828$1,935,641
73$3,241,879$1,148,299$806,918$2,051,505
74$3,530,905$1,162,920$792,304$2,177,566
75$3,848,099$1,176,946$775,889$2,314,852
76$4,196,295$1,190,305$757,570$2,464,500
77$4,578,610$1,202,924$737,242$2,627,761
78$4,998,482$1,214,721$714,794$2,806,019
79$5,459,696$1,225,611$690,108$3,000,799
80$5,966,422$1,235,502$663,063$3,213,782
81$6,523,254$1,244,299$633,533$3,446,825
82$7,135,252$1,251,896$601,383$3,701,976
83$7,807,993$1,258,184$566,474$3,981,494
84$8,547,620$1,263,047$528,662$4,287,871
85$9,360,900$1,266,358$487,795$4,623,857
86$10,255,289$1,267,987$443,713$4,992,484
87$11,239,002$1,267,792$396,252$5,397,097
88$12,321,091$1,265,625$345,237$5,841,387
89$13,511,527$1,261,326$290,487$6,329,422
90$14,821,300$1,254,727$231,815$6,865,693
91$16,262,514$1,245,651$169,023$7,455,151
92$17,848,510$1,233,907$101,905$8,103,256
93$19,593,984$1,219,295$30,245$8,816,031
94$21,515,133$1,201,602$0$9,600,118
95$23,629,799$1,180,603$0$10,470,241
96$25,957,645$1,156,059$0$11,432,727
97$28,520,335$1,127,717$0$12,491,677
98$31,341,744$1,095,309$0$13,656,956
99$34,448,174$1,058,552$0$14,939,438
100$37,868,611$1,017,145$0$16,351,115