Can I retire at age 57 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$66,806$66,211$65,631$65,064$64,511$62,471
2 years$33,073$32,457$31,860$31,281$30,719$28,683
3 years$21,829$21,211$20,615$20,042$19,490$17,520
4 years$16,209$15,592$15,003$14,439$13,900$12,013
5 years$12,837$12,224$11,643$11,091$10,567$8,767
6 years$10,591$9,982$9,409$8,869$8,361$6,650
7 years$8,986$8,383$7,819$7,292$6,800$5,177
8 years$7,784$7,186$6,631$6,117$5,641$4,106
9 years$6,849$6,257$5,711$5,210$4,751$3,301
10 years$6,101$5,515$4,979$4,491$4,048$2,682
11 years$5,490$4,910$4,384$3,909$3,481$2,197
12 years$4,981$4,407$3,890$3,429$3,017$1,811
13 years$4,551$3,982$3,476$3,027$2,631$1,500
14 years$4,182$3,620$3,123$2,687$2,306$1,248
15 years$3,863$3,307$2,820$2,396$2,030$1,042
16 years$3,584$3,034$2,556$2,146$1,794$872
17 years$3,338$2,794$2,326$1,928$1,591$732
18 years$3,120$2,582$2,124$1,737$1,415$615
19 years$2,925$2,393$1,944$1,570$1,261$518
20 years$2,750$2,223$1,784$1,422$1,126$436
21 years$2,591$2,071$1,641$1,290$1,008$368
22 years$2,447$1,933$1,512$1,173$903$311
23 years$2,316$1,808$1,397$1,068$811$263
24 years$2,196$1,694$1,292$975$729$222
25 years$2,086$1,590$1,196$890$656$188
26 years$1,984$1,494$1,109$814$591$159
27 years$1,890$1,406$1,030$745$533$135
28 years$1,803$1,325$958$682$481$114
29 years$1,722$1,250$891$626$434$97
30 years$1,647$1,181$830$574$392$82
31 years$1,576$1,116$774$527$355$70
32 years$1,511$1,056$722$485$321$59
33 years$1,449$1,000$674$446$290$50
34 years$1,391$948$630$410$263$43
35 years$1,336$899$589$378$238$36
36 years$1,285$853$551$348$216$31
37 years$1,236$810$516$320$195$26
38 years$1,191$770$483$295$177$22
39 years$1,147$732$452$272$161$19
40 years$1,106$697$424$251$146$16
41 years$1,067$663$398$232$132$13
42 years$1,030$632$373$214$120$11
43 years$995$602$350$197$109$10
44 years$961$574$329$182$99$8
45 years$929$547$308$168$90$7
46 years$899$522$290$155$81$6
47 years$870$498$272$144$74$5
48 years$842$475$256$133$67$4
49 years$815$454$240$123$61$4
50 years$790$434$226$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $809,000, adding $6,812 every year, while hoping to spend $38,942 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: 71/21/8 Blend
56$809,000$809,000$809,000$809,000
57$898,545$855,668$843,128$960,644
58$948,762$856,161$829,939$1,003,092
59$1,002,797$855,374$815,003$1,044,072
60$1,060,997$853,202$798,220$1,087,858
61$1,123,744$849,535$779,486$1,134,715
62$1,191,459$844,255$758,692$1,184,937
63$1,264,604$837,240$735,724$1,238,848
64$1,343,686$828,356$710,463$1,296,808
65$1,429,261$817,465$682,783$1,359,210
66$1,521,944$804,419$652,554$1,426,492
67$1,622,407$789,061$619,640$1,499,135
68$1,731,393$771,225$583,898$1,577,671
69$1,849,715$750,735$545,179$1,662,685
70$1,978,270$727,406$503,327$1,754,827
71$2,118,045$701,039$458,179$1,854,810
72$2,270,123$671,427$409,565$1,963,423
73$2,435,698$638,350$357,308$2,081,537
74$2,616,083$601,574$301,222$2,210,113
75$2,812,724$560,851$241,114$2,350,211
76$3,027,211$515,922$176,781$2,503,003
77$3,261,295$466,511$108,011$2,669,779
78$3,516,903$412,325$34,585$2,851,965
79$3,796,156$353,058$0$3,051,134
80$4,101,389$288,383$0$3,272,759
81$4,435,174$217,957$0$3,518,411
82$4,800,341$141,416$0$3,787,272
83$5,200,008$58,378$0$4,081,694
84$5,637,607$0$0$4,404,275
85$6,116,918$0$0$4,765,171
86$6,642,103$0$0$5,175,430
87$7,217,746$0$0$5,625,148
88$7,848,897$0$0$6,118,276
89$8,541,117$0$0$6,659,162
90$9,300,528$0$0$7,252,598
91$10,133,879$0$0$7,903,862
92$11,048,599$0$0$8,618,767
93$12,052,875$0$0$9,403,717
94$13,155,722$0$0$10,265,766
95$14,367,073$0$0$11,212,684
96$15,697,870$0$0$12,253,032
97$17,160,168$0$0$13,396,240
98$18,767,244$0$0$14,652,697
99$20,533,730$0$0$16,033,849
100$22,475,743$0$0$17,552,306