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%17.7%
1 years$68,623$68,012$67,416$66,833$66,265$64,195
2 years$33,972$33,339$32,726$32,131$31,555$29,488
3 years$22,423$21,788$21,176$20,587$20,020$18,021
4 years$16,650$16,016$15,411$14,832$14,278$12,362
5 years$13,187$12,557$11,959$11,392$10,854$9,026
6 years$10,879$10,254$9,665$9,110$8,588$6,851
7 years$9,231$8,611$8,032$7,490$6,985$5,337
8 years$7,995$7,381$6,811$6,283$5,794$4,235
9 years$7,035$6,427$5,867$5,352$4,880$3,407
10 years$6,267$5,665$5,115$4,613$4,158$2,770
11 years$5,639$5,043$4,503$4,015$3,576$2,270
12 years$5,117$4,526$3,996$3,522$3,099$1,872
13 years$4,674$4,090$3,570$3,109$2,702$1,552
14 years$4,296$3,718$3,208$2,760$2,369$1,292
15 years$3,968$3,397$2,896$2,461$2,086$1,080
16 years$3,682$3,116$2,626$2,204$1,843$904
17 years$3,429$2,870$2,390$1,980$1,634$759
18 years$3,205$2,652$2,181$1,785$1,453$639
19 years$3,004$2,458$1,997$1,613$1,295$538
20 years$2,824$2,284$1,833$1,460$1,157$454
21 years$2,662$2,127$1,686$1,325$1,035$383
22 years$2,514$1,986$1,554$1,205$928$324
23 years$2,379$1,857$1,435$1,098$833$274
24 years$2,256$1,740$1,327$1,001$749$232
25 years$2,142$1,633$1,229$914$674$197
26 years$2,038$1,535$1,140$836$607$167
27 years$1,942$1,444$1,058$765$547$141
28 years$1,852$1,361$984$701$494$120
29 years$1,769$1,284$915$643$446$102
30 years$1,692$1,213$853$590$403$86
31 years$1,619$1,146$795$542$364$73
32 years$1,552$1,085$742$498$329$62
33 years$1,488$1,027$693$458$298$53
34 years$1,429$974$647$421$270$45
35 years$1,373$923$605$388$244$38
36 years$1,320$876$566$357$222$32
37 years$1,270$832$530$329$201$27
38 years$1,223$791$496$303$182$23
39 years$1,178$752$465$280$165$20
40 years$1,136$716$436$258$150$17
41 years$1,096$681$408$238$136$14
42 years$1,058$649$383$220$123$12
43 years$1,022$618$360$203$112$10
44 years$987$589$337$187$102$9
45 years$955$562$317$173$92$7
46 years$923$536$298$160$84$6
47 years$893$512$280$148$76$5
48 years$865$488$263$136$69$5
49 years$837$466$247$126$63$4
50 years$811$445$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $831,000, adding $6,622 every year, while hoping to spend $36,359 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: 58/14/28 Blend
56$831,000$831,000$831,000$831,000
57$922,593$878,550$865,669$968,700
58$978,011$882,913$855,983$1,005,392
59$1,037,864$886,271$844,754$1,040,983
60$1,102,565$888,537$831,892$1,079,043
61$1,172,569$889,618$817,303$1,119,821
62$1,248,376$889,414$800,887$1,163,594
63$1,330,535$887,820$782,542$1,210,668
64$1,419,652$884,726$762,160$1,261,383
65$1,516,391$880,011$739,626$1,316,112
66$1,621,483$873,552$714,824$1,375,271
67$1,735,732$865,215$687,629$1,439,318
68$1,860,025$854,858$657,912$1,508,762
69$1,995,333$842,332$625,538$1,584,163
70$2,142,729$827,478$590,365$1,666,142
71$2,303,391$810,128$552,246$1,755,385
72$2,478,617$790,104$511,027$1,852,651
73$2,669,835$767,218$466,545$1,958,779
74$2,878,616$741,270$418,633$2,074,694
75$3,106,692$712,049$367,114$2,201,422
76$3,355,967$679,332$311,804$2,340,094
77$3,628,538$642,882$252,512$2,491,960
78$3,926,715$602,449$189,037$2,658,402
79$4,253,039$557,769$121,170$2,840,945
80$4,610,312$508,562$48,692$3,041,276
81$5,001,616$454,533$0$3,261,254
82$5,430,345$395,370$0$3,511,498
83$5,900,240$330,743$0$3,801,796
84$6,415,418$260,303$0$4,120,166
85$6,980,415$183,682$0$4,469,453
86$7,600,226$100,492$0$4,852,792
87$8,280,354$10,321$0$5,273,638
88$9,026,860$0$0$5,735,803
89$9,846,419$0$0$6,256,927
90$10,746,386$0$0$6,831,000
91$11,734,862$0$0$7,461,608
92$12,820,772$0$0$8,154,455
93$14,013,946$0$0$8,915,822
94$15,325,216$0$0$9,752,631
95$16,766,514$0$0$10,672,508
96$18,350,985$0$0$11,683,853
97$20,093,112$0$0$12,795,922
98$22,008,852$0$0$14,018,913
99$24,115,783$0$0$15,364,059
100$26,433,276$0$0$16,843,739