Can I retire at age 57 with 832,000?

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 $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%14.8%
1 years$68,706$68,094$67,497$66,914$66,345$65,032
2 years$34,013$33,379$32,765$32,170$31,593$30,276
3 years$22,450$21,814$21,201$20,612$20,044$18,763
4 years$16,670$16,035$15,429$14,850$14,295$13,062
5 years$13,202$12,572$11,974$11,406$10,867$9,684
6 years$10,892$10,266$9,677$9,121$8,599$7,467
7 years$9,242$8,621$8,041$7,499$6,993$5,913
8 years$8,005$7,390$6,820$6,291$5,801$4,772
9 years$7,043$6,434$5,874$5,358$4,886$3,907
10 years$6,275$5,672$5,121$4,619$4,163$3,234
11 years$5,646$5,049$4,508$4,020$3,580$2,700
12 years$5,123$4,532$4,001$3,526$3,103$2,270
13 years$4,680$4,095$3,575$3,113$2,705$1,919
14 years$4,301$3,723$3,212$2,763$2,372$1,630
15 years$3,973$3,401$2,900$2,464$2,088$1,389
16 years$3,686$3,120$2,629$2,207$1,845$1,188
17 years$3,433$2,873$2,392$1,983$1,636$1,019
18 years$3,209$2,655$2,184$1,787$1,455$875
19 years$3,008$2,461$1,999$1,614$1,297$754
20 years$2,828$2,287$1,835$1,462$1,158$650
21 years$2,665$2,130$1,688$1,327$1,037$561
22 years$2,517$1,988$1,555$1,207$929$485
23 years$2,382$1,860$1,436$1,099$834$420
24 years$2,258$1,742$1,328$1,002$750$364
25 years$2,145$1,635$1,230$915$675$315
26 years$2,041$1,537$1,141$837$608$274
27 years$1,944$1,446$1,060$766$548$237
28 years$1,854$1,363$985$702$494$206
29 years$1,771$1,286$917$644$446$179
30 years$1,694$1,214$854$591$403$156
31 years$1,621$1,148$796$542$365$135
32 years$1,553$1,086$743$499$330$118
33 years$1,490$1,028$693$458$299$102
34 years$1,430$975$648$422$270$89
35 years$1,374$925$606$388$245$77
36 years$1,321$878$567$358$222$67
37 years$1,272$833$530$330$201$59
38 years$1,224$792$497$304$182$51
39 years$1,180$753$465$280$165$44
40 years$1,137$717$436$258$150$39
41 years$1,097$682$409$238$136$34
42 years$1,059$650$384$220$123$29
43 years$1,023$619$360$203$112$26
44 years$989$590$338$187$102$22
45 years$956$563$317$173$92$19
46 years$924$537$298$160$84$17
47 years$894$512$280$148$76$15
48 years$866$489$263$137$69$13
49 years$838$467$247$126$63$11
50 years$812$446$232$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $832,000, adding $6,445 every year, while hoping to spend $51,730 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: 65/23/12 Blend
56$832,000$832,000$832,000$832,000
57$923,512$879,416$866,520$980,612
58$962,670$867,467$840,508$1,007,585
59$1,004,088$853,199$811,891$1,030,403
60$1,047,943$836,443$780,527$1,054,029
61$1,094,426$817,022$746,267$1,078,541
62$1,143,747$794,746$708,957$1,104,023
63$1,196,136$769,415$668,435$1,130,573
64$1,251,845$740,819$624,530$1,158,297
65$1,311,147$708,734$577,066$1,187,318
66$1,374,345$672,922$525,858$1,217,771
67$1,441,766$633,133$470,712$1,249,807
68$1,513,772$589,103$411,427$1,283,597
69$1,590,759$540,551$347,792$1,319,329
70$1,673,159$487,181$279,586$1,357,216
71$1,761,449$428,681$206,580$1,397,495
72$1,856,150$364,719$128,533$1,440,429
73$1,957,834$294,947$45,196$1,486,314
74$2,067,129$218,995$0$1,535,478
75$2,184,724$136,474$0$1,593,888
76$2,311,377$46,972$0$1,662,891
77$2,447,918$0$0$1,737,183
78$2,595,261$0$0$1,829,950
79$2,754,409$0$0$1,943,033
80$2,926,464$0$0$2,065,333
81$3,112,639$0$0$2,197,717
82$3,314,266$0$0$2,341,139
83$3,532,809$0$0$2,496,646
84$3,769,879$0$0$2,665,391
85$4,027,247$0$0$2,848,642
86$4,306,861$0$0$3,047,793
87$4,610,863$0$0$3,264,377
88$4,941,612$0$0$3,500,084
89$5,301,701$0$0$3,756,769
90$5,693,985$0$0$4,036,475
91$6,121,605$0$0$4,341,452
92$6,588,016$0$0$4,674,174
93$7,097,025$0$0$5,037,365
94$7,652,820$0$0$5,434,024
95$8,260,010$0$0$5,867,452
96$8,923,672$0$0$6,341,284
97$9,649,393$0$0$6,859,519
98$10,443,326$0$0$7,426,565
99$11,312,245$0$0$8,047,271
100$12,263,611$0$0$8,726,980