Can I retire at age 57 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$68,706$68,094$67,497$66,914$66,345$64,376
2 years$34,013$33,379$32,765$32,170$31,593$29,625
3 years$22,450$21,814$21,201$20,612$20,044$18,140
4 years$16,670$16,035$15,429$14,850$14,295$12,469
5 years$13,202$12,572$11,974$11,406$10,867$9,123
6 years$10,892$10,266$9,677$9,121$8,599$6,939
7 years$9,242$8,621$8,041$7,499$6,993$5,418
8 years$8,005$7,390$6,820$6,291$5,801$4,310
9 years$7,043$6,434$5,874$5,358$4,886$3,476
10 years$6,275$5,672$5,121$4,619$4,163$2,833
11 years$5,646$5,049$4,508$4,020$3,580$2,328
12 years$5,123$4,532$4,001$3,526$3,103$1,925
13 years$4,680$4,095$3,575$3,113$2,705$1,600
14 years$4,301$3,723$3,212$2,763$2,372$1,336
15 years$3,973$3,401$2,900$2,464$2,088$1,119
16 years$3,686$3,120$2,629$2,207$1,845$940
17 years$3,433$2,873$2,392$1,983$1,636$792
18 years$3,209$2,655$2,184$1,787$1,455$668
19 years$3,008$2,461$1,999$1,614$1,297$564
20 years$2,828$2,287$1,835$1,462$1,158$478
21 years$2,665$2,130$1,688$1,327$1,037$405
22 years$2,517$1,988$1,555$1,207$929$343
23 years$2,382$1,860$1,436$1,099$834$291
24 years$2,258$1,742$1,328$1,002$750$247
25 years$2,145$1,635$1,230$915$675$210
26 years$2,041$1,537$1,141$837$608$179
27 years$1,944$1,446$1,060$766$548$152
28 years$1,854$1,363$985$702$494$129
29 years$1,771$1,286$917$644$446$110
30 years$1,694$1,214$854$591$403$94
31 years$1,621$1,148$796$542$365$80
32 years$1,553$1,086$743$499$330$68
33 years$1,490$1,028$693$458$299$58
34 years$1,430$975$648$422$270$49
35 years$1,374$925$606$388$245$42
36 years$1,321$878$567$358$222$36
37 years$1,272$833$530$330$201$30
38 years$1,224$792$497$304$182$26
39 years$1,180$753$465$280$165$22
40 years$1,137$717$436$258$150$19
41 years$1,097$682$409$238$136$16
42 years$1,059$650$384$220$123$14
43 years$1,023$619$360$203$112$12
44 years$989$590$338$187$102$10
45 years$956$563$317$173$92$8
46 years$924$537$298$160$84$7
47 years$894$512$280$148$76$6
48 years$866$489$263$137$69$5
49 years$838$467$247$126$63$4
50 years$812$446$232$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $832,000, adding $6,301 every year, while hoping to spend $51,185 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: 63/8/29 Blend
56$832,000$832,000$832,000$832,000
57$923,363$879,267$866,371$974,001
58$963,086$867,891$840,934$997,748
59$1,005,145$854,242$812,930$1,017,543
60$1,049,724$838,154$782,218$1,038,075
61$1,097,025$819,453$748,651$1,059,427
62$1,147,268$797,953$712,077$1,081,689
63$1,200,694$773,457$672,336$1,104,965
64$1,257,566$745,757$629,261$1,129,370
65$1,318,172$714,634$582,676$1,155,034
66$1,382,829$679,854$532,398$1,182,101
67$1,451,883$641,172$478,238$1,210,734
68$1,525,711$598,326$419,996$1,241,116
69$1,604,732$551,042$357,464$1,273,449
70$1,689,399$499,027$290,423$1,307,959
71$1,780,213$441,975$218,648$1,344,902
72$1,877,723$379,560$141,901$1,384,559
73$1,982,531$311,439$59,935$1,427,246
74$2,095,297$237,247$0$1,473,314
75$2,216,748$156,603$0$1,531,674
76$2,347,680$69,100$0$1,614,587
77$2,488,969$0$0$1,704,059
78$2,641,578$0$0$1,802,981
79$2,806,562$0$0$1,916,547
80$2,985,085$0$0$2,039,483
81$3,178,423$0$0$2,172,672
82$3,387,980$0$0$2,317,089
83$3,615,301$0$0$2,473,804
84$3,862,084$0$0$2,643,997
85$4,130,196$0$0$2,828,962
86$4,421,693$0$0$3,030,124
87$4,738,834$0$0$3,249,053
88$5,084,106$0$0$3,487,472
89$5,460,246$0$0$3,747,281
90$5,870,266$0$0$4,030,570
91$6,317,480$0$0$4,339,638
92$6,805,535$0$0$4,677,015
93$7,338,448$0$0$5,045,490
94$7,920,639$0$0$5,448,129
95$8,556,973$0$0$5,888,308
96$9,252,810$0$0$6,369,747
97$10,014,047$0$0$6,896,539
98$10,847,179$0$0$7,473,192
99$11,759,360$0$0$8,104,669
100$12,758,465$0$0$8,796,437