Can I retire at age 57 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$66,146$65,557$64,982$64,421$63,873$62,970
2 years$32,745$32,136$31,545$30,972$30,416$29,508
3 years$21,613$21,001$20,411$19,844$19,297$18,413
4 years$16,049$15,438$14,854$14,296$13,763$12,908
5 years$12,710$12,104$11,528$10,981$10,462$9,640
6 years$10,486$9,883$9,316$8,782$8,278$7,490
7 years$8,897$8,300$7,742$7,220$6,733$5,978
8 years$7,707$7,115$6,565$6,056$5,585$4,864
9 years$6,781$6,195$5,655$5,159$4,704$4,016
10 years$6,041$5,460$4,930$4,447$4,008$3,353
11 years$5,436$4,861$4,340$3,870$3,447$2,824
12 years$4,932$4,363$3,852$3,395$2,987$2,396
13 years$4,506$3,943$3,441$2,997$2,605$2,044
14 years$4,141$3,584$3,092$2,660$2,283$1,752
15 years$3,825$3,274$2,792$2,373$2,010$1,508
16 years$3,549$3,004$2,531$2,124$1,777$1,302
17 years$3,305$2,766$2,303$1,909$1,575$1,128
18 years$3,089$2,556$2,103$1,720$1,401$979
19 years$2,896$2,369$1,925$1,554$1,249$852
20 years$2,722$2,202$1,767$1,408$1,115$742
21 years$2,565$2,051$1,625$1,278$998$648
22 years$2,423$1,914$1,498$1,162$895$566
23 years$2,293$1,790$1,383$1,058$803$495
24 years$2,174$1,677$1,279$965$722$434
25 years$2,065$1,574$1,184$881$649$380
26 years$1,964$1,479$1,098$806$585$334
27 years$1,871$1,392$1,020$737$527$293
28 years$1,785$1,312$948$676$476$257
29 years$1,705$1,238$882$620$430$226
30 years$1,630$1,169$822$569$388$199
31 years$1,561$1,105$766$522$351$175
32 years$1,496$1,046$715$480$318$154
33 years$1,434$990$668$441$287$135
34 years$1,377$938$624$406$260$119
35 years$1,323$890$583$374$236$105
36 years$1,272$845$546$344$214$92
37 years$1,224$802$511$317$194$81
38 years$1,179$763$478$292$175$72
39 years$1,136$725$448$270$159$63
40 years$1,095$690$420$249$144$56
41 years$1,056$657$394$229$131$49
42 years$1,020$625$369$212$119$43
43 years$985$596$347$195$108$38
44 years$952$568$325$180$98$33
45 years$920$542$305$167$89$30
46 years$890$517$287$154$81$26
47 years$861$493$270$142$73$23
48 years$834$471$253$131$67$20
49 years$807$450$238$121$60$18
50 years$782$429$224$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $801,000, adding $5,672 every year, while hoping to spend $20,410 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: 66/6/28 Blend
56$801,000$801,000$801,000$801,000
57$888,553$846,100$833,684$940,301
58$957,469$865,842$839,897$995,661
59$1,032,731$885,869$845,633$1,053,375
60$1,114,963$906,170$850,856$1,116,030
61$1,204,856$926,739$855,526$1,184,115
62$1,303,167$947,565$859,602$1,258,169
63$1,410,731$968,637$863,040$1,338,785
64$1,528,469$989,943$865,794$1,426,619
65$1,657,391$1,011,468$867,817$1,522,393
66$1,798,613$1,033,199$869,057$1,626,901
67$1,953,364$1,055,118$869,462$1,741,021
68$2,122,994$1,077,206$868,977$1,865,718
69$2,308,995$1,099,444$867,542$2,002,059
70$2,513,005$1,121,809$865,098$2,151,216
71$2,736,831$1,144,278$861,579$2,314,485
72$2,982,464$1,166,824$856,918$2,493,291
73$3,252,096$1,189,419$851,045$2,689,206
74$3,548,141$1,212,031$843,886$2,903,964
75$3,873,259$1,234,629$835,364$3,139,474
76$4,230,380$1,257,174$825,397$3,397,843
77$4,622,732$1,279,629$813,901$3,681,390
78$5,053,871$1,301,950$800,787$3,992,674
79$5,527,714$1,324,094$785,961$4,334,514
80$6,048,577$1,346,011$769,327$4,710,018
81$6,621,214$1,367,648$750,782$5,122,612
82$7,250,864$1,388,949$730,220$5,576,071
83$7,943,299$1,409,854$707,529$6,074,557
84$8,704,877$1,430,299$682,593$6,622,657
85$9,542,604$1,450,213$655,289$7,225,426
86$10,464,198$1,469,522$625,490$7,888,438
87$11,478,165$1,488,147$593,062$8,617,835
88$12,593,875$1,506,004$557,867$9,420,386
89$13,821,653$1,523,000$519,758$10,303,554
90$15,172,876$1,539,041$478,584$11,275,561
91$16,660,077$1,554,022$434,184$12,345,474
92$18,297,069$1,567,834$386,394$13,523,283
93$20,099,071$1,580,358$335,039$14,819,999
94$22,082,852$1,591,472$279,939$16,247,758
95$24,266,889$1,601,040$220,903$17,819,937
96$26,671,543$1,608,922$157,734$19,551,278
97$29,319,249$1,614,968$90,227$21,458,029
98$32,234,728$1,619,017$18,165$23,558,099
99$35,445,220$1,620,899$0$25,871,225
100$38,980,743$1,620,433$0$28,436,708