Can I retire at age 57 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$66,972$66,375$65,793$65,225$64,670$63,365
2 years$33,154$32,537$31,938$31,358$30,795$29,486
3 years$21,883$21,263$20,666$20,091$19,538$18,265
4 years$16,249$15,631$15,040$14,475$13,935$12,708
5 years$12,869$12,255$11,671$11,118$10,593$9,417
6 years$10,617$10,007$9,432$8,891$8,382$7,257
7 years$9,008$8,404$7,838$7,310$6,817$5,743
8 years$7,803$7,204$6,647$6,132$5,655$4,633
9 years$6,866$6,272$5,725$5,223$4,762$3,791
10 years$6,116$5,528$4,992$4,502$4,058$3,136
11 years$5,504$4,922$4,395$3,918$3,490$2,617
12 years$4,993$4,417$3,900$3,437$3,024$2,198
13 years$4,562$3,992$3,484$3,034$2,637$1,857
14 years$4,193$3,629$3,131$2,694$2,312$1,576
15 years$3,873$3,315$2,827$2,402$2,035$1,343
16 years$3,593$3,041$2,563$2,151$1,799$1,147
17 years$3,347$2,801$2,332$1,933$1,595$983
18 years$3,128$2,588$2,129$1,742$1,418$844
19 years$2,932$2,399$1,949$1,574$1,264$726
20 years$2,756$2,229$1,789$1,425$1,129$626
21 years$2,597$2,076$1,645$1,294$1,010$540
22 years$2,453$1,938$1,516$1,176$906$467
23 years$2,322$1,813$1,400$1,071$813$404
24 years$2,201$1,698$1,295$977$731$349
25 years$2,091$1,594$1,199$892$658$303
26 years$1,989$1,498$1,112$816$592$262
27 years$1,895$1,410$1,033$747$534$227
28 years$1,808$1,328$960$684$482$197
29 years$1,726$1,253$893$627$435$171
30 years$1,651$1,183$832$576$393$149
31 years$1,580$1,119$776$529$355$129
32 years$1,514$1,059$724$486$322$112
33 years$1,452$1,003$676$447$291$97
34 years$1,394$950$632$411$263$85
35 years$1,340$901$590$379$239$74
36 years$1,288$855$552$349$216$64
37 years$1,239$812$517$321$196$56
38 years$1,193$772$484$296$178$48
39 years$1,150$734$454$273$161$42
40 years$1,109$698$425$252$146$37
41 years$1,070$665$399$232$133$32
42 years$1,033$633$374$214$120$28
43 years$997$603$351$198$109$24
44 years$964$575$329$183$99$21
45 years$932$548$309$169$90$18
46 years$901$523$290$156$82$16
47 years$872$499$273$144$74$14
48 years$844$477$256$133$67$12
49 years$817$455$241$123$61$10
50 years$792$435$227$114$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $811,000, adding $5,665 every year, while hoping to spend $53,314 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: 38/34/28 Blend
56$811,000$811,000$811,000$811,000
57$899,565$856,582$844,012$926,072
58$934,595$841,829$815,561$931,301
59$971,412$824,566$784,369$931,651
60$1,010,140$804,614$750,290$931,010
61$1,050,917$781,784$713,168$929,324
62$1,093,893$755,873$672,841$926,536
63$1,139,229$726,670$629,140$922,591
64$1,187,103$693,949$581,889$917,430
65$1,237,708$657,473$530,903$910,997
66$1,291,254$616,990$475,988$903,233
67$1,347,972$572,232$416,944$894,084
68$1,408,113$522,919$353,559$883,491
69$1,471,952$468,754$285,615$871,402
70$1,539,789$409,421$212,881$857,763
71$1,611,953$344,588$135,118$842,524
72$1,688,804$273,904$52,076$825,638
73$1,770,735$196,998$0$807,063
74$1,858,177$113,478$0$797,679
75$1,951,604$22,932$0$803,849
76$2,051,533$0$0$810,058
77$2,158,531$0$0$844,470
78$2,273,223$0$0$890,626
79$2,396,290$0$0$940,231
80$2,528,484$0$0$993,596
81$2,670,625$0$0$1,051,065
82$2,823,619$0$0$1,113,013
83$2,988,457$0$0$1,179,854
84$3,166,228$0$0$1,252,042
85$3,358,129$0$0$1,330,077
86$3,565,477$0$0$1,414,506
87$3,789,715$0$0$1,505,933
88$4,032,434$0$0$1,605,021
89$4,295,379$0$0$1,712,498
90$4,580,471$0$0$1,829,167
91$4,889,822$0$0$1,955,909
92$5,225,754$0$0$2,093,694
93$5,590,822$0$0$2,243,588
94$5,987,836$0$0$2,406,767
95$6,419,889$0$0$2,584,521
96$6,890,381$0$0$2,778,273
97$7,403,057$0$0$2,989,586
98$7,962,037$0$0$3,220,183
99$8,571,854$0$0$3,471,959
100$9,237,500$0$0$3,747,001