Can I retire at age 57 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$66,063$65,475$64,901$64,340$63,793$61,950
2 years$32,705$32,095$31,505$30,933$30,378$28,535
3 years$21,586$20,975$20,386$19,819$19,273$17,489
4 years$16,029$15,419$14,836$14,278$13,746$12,034
5 years$12,695$12,088$11,513$10,967$10,449$8,814
6 years$10,473$9,871$9,304$8,771$8,268$6,712
7 years$8,886$8,290$7,732$7,211$6,724$5,246
8 years$7,697$7,106$6,557$6,049$5,578$4,178
9 years$6,773$6,187$5,648$5,152$4,698$3,374
10 years$6,033$5,453$4,924$4,441$4,003$2,753
11 years$5,429$4,855$4,335$3,865$3,442$2,265
12 years$4,926$4,357$3,847$3,390$2,983$1,876
13 years$4,500$3,938$3,437$2,993$2,601$1,561
14 years$4,136$3,579$3,088$2,657$2,280$1,305
15 years$3,820$3,270$2,788$2,370$2,008$1,095
16 years$3,544$3,000$2,528$2,122$1,775$921
17 years$3,301$2,763$2,300$1,906$1,573$777
18 years$3,085$2,553$2,100$1,718$1,399$656
19 years$2,892$2,366$1,922$1,552$1,247$555
20 years$2,719$2,199$1,764$1,406$1,114$471
21 years$2,562$2,048$1,623$1,276$997$399
22 years$2,420$1,912$1,496$1,160$893$339
23 years$2,290$1,788$1,381$1,057$802$288
24 years$2,172$1,675$1,277$964$721$245
25 years$2,063$1,572$1,183$880$649$209
26 years$1,962$1,478$1,097$805$584$178
27 years$1,869$1,391$1,019$737$527$151
28 years$1,783$1,310$947$675$475$129
29 years$1,703$1,236$881$619$429$110
30 years$1,628$1,167$821$568$388$94
31 years$1,559$1,104$765$522$351$80
32 years$1,494$1,044$714$479$317$68
33 years$1,433$989$667$441$287$58
34 years$1,375$937$623$406$260$50
35 years$1,321$889$582$373$235$42
36 years$1,271$844$545$344$213$36
37 years$1,223$801$510$317$193$31
38 years$1,177$762$478$292$175$26
39 years$1,134$724$447$269$159$23
40 years$1,094$689$419$248$144$19
41 years$1,055$656$393$229$131$16
42 years$1,019$625$369$211$119$14
43 years$984$595$346$195$108$12
44 years$951$567$325$180$98$10
45 years$919$541$305$166$89$9
46 years$889$516$287$154$81$7
47 years$860$492$269$142$73$6
48 years$833$470$253$131$66$5
49 years$806$449$238$121$60$5
50 years$781$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $800,000, adding $5,202 every year, while hoping to spend $27,795 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: 47/27/26 Blend
56$800,000$800,000$800,000$800,000
57$886,966$844,566$832,166$921,838
58$947,863$856,376$830,470$958,710
59$1,014,039$867,833$827,785$995,574
60$1,086,005$878,891$824,050$1,035,043
61$1,164,321$889,499$819,198$1,077,376
62$1,249,602$899,605$813,162$1,122,858
63$1,342,527$909,151$805,868$1,171,805
64$1,443,842$918,077$797,243$1,224,567
65$1,554,370$926,319$787,206$1,281,529
66$1,675,014$933,807$775,676$1,343,119
67$1,806,769$940,468$762,565$1,409,808
68$1,950,733$946,223$747,784$1,482,116
69$2,108,110$950,991$731,237$1,560,621
70$2,280,229$954,682$712,826$1,645,958
71$2,468,554$957,202$692,446$1,738,831
72$2,674,692$958,451$669,990$1,840,015
73$2,900,419$958,324$645,343$1,950,370
74$3,147,687$956,706$618,387$2,070,842
75$3,418,646$953,480$588,997$2,202,479
76$3,715,665$948,517$557,045$2,346,435
77$4,041,351$941,683$522,395$2,503,988
78$4,398,578$932,835$484,904$2,676,548
79$4,790,510$921,820$444,426$2,865,669
80$5,220,632$908,480$400,804$3,073,072
81$5,692,784$892,643$353,878$3,300,652
82$6,211,194$874,128$303,479$3,550,503
83$6,780,521$852,746$249,431$3,824,938
84$7,405,896$828,292$191,549$4,126,507
85$8,092,974$800,555$129,642$4,458,026
86$8,847,981$769,305$63,509$4,822,604
87$9,677,778$734,305$0$5,223,668
88$10,589,925$695,299$0$5,666,966
89$11,592,749$652,021$0$6,173,641
90$12,695,425$604,185$0$6,730,728
91$13,908,060$551,492$0$7,343,376
92$15,241,792$493,624$0$8,017,264
93$16,708,890$430,248$0$8,758,651
94$18,322,874$361,007$0$9,574,438
95$20,098,639$285,528$0$10,472,235
96$22,052,597$203,416$0$11,460,428
97$24,202,832$114,254$0$12,548,265
98$26,569,268$17,599$0$13,745,941
99$29,173,860$0$0$15,064,694
100$32,040,798$0$0$16,542,765