Can I retire at age 57 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$66,476$65,884$65,306$64,742$64,192$63,627
2 years$32,909$32,296$31,702$31,126$30,568$29,999
3 years$21,721$21,106$20,513$19,943$19,393$18,838
4 years$16,129$15,515$14,928$14,368$13,831$13,294
5 years$12,774$12,164$11,585$11,036$10,514$9,996
6 years$10,538$9,933$9,362$8,825$8,320$7,821
7 years$8,942$8,342$7,780$7,256$6,766$6,287
8 years$7,745$7,150$6,598$6,087$5,613$5,154
9 years$6,815$6,226$5,683$5,185$4,727$4,288
10 years$6,071$5,488$4,955$4,469$4,028$3,608
11 years$5,463$4,885$4,362$3,889$3,464$3,064
12 years$4,956$4,385$3,871$3,412$3,002$2,621
13 years$4,528$3,963$3,459$3,012$2,618$2,255
14 years$4,162$3,602$3,108$2,674$2,295$1,950
15 years$3,844$3,290$2,806$2,384$2,020$1,693
16 years$3,566$3,019$2,544$2,135$1,786$1,475
17 years$3,322$2,780$2,315$1,918$1,583$1,289
18 years$3,105$2,569$2,113$1,729$1,408$1,130
19 years$2,910$2,381$1,934$1,562$1,255$992
20 years$2,736$2,213$1,775$1,415$1,121$873
21 years$2,578$2,061$1,633$1,284$1,003$769
22 years$2,435$1,924$1,505$1,167$899$679
23 years$2,305$1,799$1,390$1,063$807$600
24 years$2,185$1,686$1,285$970$725$531
25 years$2,075$1,582$1,190$886$653$470
26 years$1,974$1,487$1,104$810$588$416
27 years$1,881$1,399$1,025$741$530$369
28 years$1,794$1,319$953$679$478$328
29 years$1,714$1,244$887$623$432$291
30 years$1,639$1,175$826$572$390$259
31 years$1,569$1,110$770$525$353$230
32 years$1,503$1,051$719$482$319$204
33 years$1,442$995$671$444$289$182
34 years$1,384$943$627$408$261$162
35 years$1,330$895$586$376$237$144
36 years$1,279$849$548$346$215$128
37 years$1,230$806$513$319$194$114
38 years$1,185$766$481$294$176$102
39 years$1,141$729$450$271$160$91
40 years$1,101$693$422$250$145$81
41 years$1,062$660$396$231$132$72
42 years$1,025$629$371$213$119$64
43 years$990$599$348$196$108$57
44 years$956$571$327$181$98$51
45 years$925$544$307$168$89$45
46 years$894$519$288$155$81$40
47 years$865$496$271$143$74$36
48 years$838$473$255$132$67$32
49 years$811$452$239$122$61$29
50 years$786$432$225$113$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $805,000, adding $2,693 every year, while hoping to spend $43,375 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: 31/47/22 Blend
56$805,000$805,000$805,000$805,000
57$889,888$847,223$834,745$911,334
58$934,506$842,586$816,559$923,189
59$982,221$836,268$796,309$931,861
60$1,033,303$828,142$773,881$940,299
61$1,088,050$818,070$749,156$948,509
62$1,146,785$805,909$722,006$956,505
63$1,209,865$791,507$692,301$964,301
64$1,277,681$774,701$659,904$971,922
65$1,350,664$755,321$624,670$979,397
66$1,429,285$733,184$586,450$986,764
67$1,514,062$708,100$545,086$994,069
68$1,605,564$679,865$500,414$1,001,369
69$1,704,418$648,265$452,264$1,008,734
70$1,811,310$613,071$400,456$1,016,246
71$1,926,995$574,043$344,803$1,024,002
72$2,052,305$530,927$285,110$1,032,115
73$2,188,152$483,455$221,173$1,040,720
74$2,335,540$431,341$152,780$1,049,970
75$2,495,575$374,286$79,707$1,060,045
76$2,669,470$311,973$1,724$1,071,150
77$2,858,561$244,065$0$1,083,522
78$3,064,320$170,209$0$1,116,562
79$3,288,362$90,031$0$1,153,122
80$3,532,469$3,137$0$1,193,211
81$3,798,598$0$0$1,237,291
82$4,088,906$0$0$1,332,891
83$4,405,765$0$0$1,439,121
84$4,751,787$0$0$1,555,251
85$5,129,847$0$0$1,682,260
86$5,543,111$0$0$1,821,228
87$5,995,063$0$0$1,973,343
88$6,489,541$0$0$2,139,914
89$7,030,769$0$0$2,322,382
90$7,623,401$0$0$2,522,333
91$8,272,559$0$0$2,741,517
92$8,983,885$0$0$2,981,856
93$9,763,594$0$0$3,245,473
94$10,618,529$0$0$3,534,702
95$11,556,228$0$0$3,852,115
96$12,584,991$0$0$4,200,546
97$13,713,965$0$0$4,583,116
98$14,953,221$0$0$5,003,262
99$16,313,854$0$0$5,464,773
100$17,808,088$0$0$5,971,819