Can I retire at age 57 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$67,385$66,784$66,199$65,627$65,069$64,768
2 years$33,359$32,737$32,135$31,551$30,985$30,681
3 years$22,018$21,394$20,794$20,215$19,658$19,361
4 years$16,349$15,727$15,132$14,564$14,020$13,732
5 years$12,949$12,330$11,743$11,187$10,658$10,379
6 years$10,682$10,069$9,490$8,946$8,433$8,164
7 years$9,064$8,456$7,887$7,355$6,859$6,600
8 years$7,851$7,248$6,688$6,170$5,690$5,441
9 years$6,908$6,311$5,761$5,255$4,792$4,553
10 years$6,154$5,563$5,022$4,530$4,083$3,855
11 years$5,538$4,952$4,422$3,943$3,511$3,293
12 years$5,024$4,445$3,924$3,458$3,043$2,834
13 years$4,590$4,017$3,506$3,053$2,653$2,454
14 years$4,218$3,651$3,150$2,710$2,326$2,136
15 years$3,897$3,335$2,844$2,417$2,048$1,867
16 years$3,615$3,060$2,579$2,164$1,810$1,638
17 years$3,367$2,818$2,346$1,944$1,605$1,442
18 years$3,147$2,604$2,142$1,752$1,427$1,272
19 years$2,950$2,413$1,961$1,583$1,272$1,125
20 years$2,773$2,243$1,800$1,434$1,136$997
21 years$2,613$2,089$1,655$1,302$1,017$885
22 years$2,468$1,950$1,526$1,183$911$787
23 years$2,336$1,824$1,409$1,078$818$701
24 years$2,215$1,709$1,303$983$735$625
25 years$2,104$1,604$1,207$898$662$558
26 years$2,001$1,507$1,119$821$596$498
27 years$1,907$1,418$1,039$751$537$445
28 years$1,819$1,337$966$688$485$398
29 years$1,737$1,261$899$631$438$356
30 years$1,661$1,191$837$579$396$319
31 years$1,590$1,126$781$532$358$286
32 years$1,524$1,065$728$489$324$256
33 years$1,461$1,009$680$450$293$230
34 years$1,403$956$635$414$265$206
35 years$1,348$907$594$381$240$185
36 years$1,296$861$556$351$218$166
37 years$1,247$817$520$323$197$149
38 years$1,201$777$487$298$179$134
39 years$1,157$739$456$275$162$121
40 years$1,116$703$428$253$147$108
41 years$1,076$669$401$234$133$97
42 years$1,039$637$376$216$121$87
43 years$1,003$607$353$199$110$79
44 years$970$579$331$184$100$71
45 years$937$552$311$170$91$64
46 years$907$526$292$157$82$57
47 years$877$502$275$145$75$51
48 years$849$480$258$134$68$46
49 years$822$458$243$124$62$42
50 years$797$437$228$114$56$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $816,000, adding $3,184 every year, while hoping to spend $57,824 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: 78/15/7 Blend
56$816,000$816,000$816,000$816,000
57$902,516$859,268$846,620$971,928
58$933,049$839,848$813,458$998,502
59$964,757$817,538$777,246$1,019,801
60$997,701$792,136$737,823$1,041,447
61$1,031,943$763,428$695,016$1,063,450
62$1,067,551$731,185$648,649$1,085,819
63$1,104,597$695,169$598,534$1,108,566
64$1,143,158$655,125$544,478$1,131,702
65$1,183,319$610,784$486,276$1,155,243
66$1,225,167$561,863$423,716$1,179,206
67$1,268,801$508,060$356,577$1,203,610
68$1,314,323$449,060$284,627$1,228,479
69$1,361,846$384,526$207,624$1,253,838
70$1,411,490$314,103$125,315$1,279,718
71$1,463,386$237,418$37,437$1,306,152
72$1,517,675$154,075$0$1,333,181
73$1,574,509$63,657$0$1,365,058
74$1,634,055$0$0$1,400,884
75$1,696,492$0$0$1,443,597
76$1,762,013$0$0$1,499,455
77$1,830,830$0$0$1,558,133
78$1,903,174$0$0$1,619,825
79$1,979,292$0$0$1,684,748
80$2,059,458$0$0$1,753,133
81$2,143,966$0$0$1,825,234
82$2,233,139$0$0$1,901,329
83$2,327,328$0$0$1,981,717
84$2,426,917$0$0$2,066,728
85$2,532,322$0$0$2,156,721
86$2,644,002$0$0$2,252,087
87$2,762,455$0$0$2,353,256
88$2,888,225$0$0$2,460,694
89$3,021,911$0$0$2,574,915
90$3,164,163$0$0$2,696,478
91$3,315,697$0$0$2,825,996
92$3,477,294$0$0$2,964,141
93$3,649,811$0$0$3,111,648
94$3,834,187$0$0$3,269,324
95$4,031,449$0$0$3,438,052
96$4,242,727$0$0$3,618,801
97$4,469,258$0$0$3,812,633
98$4,712,399$0$0$4,020,714
99$4,973,639$0$0$4,244,325
100$5,254,614$0$0$4,484,869