Can I retire at age 57 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$67,632$67,030$66,442$65,868$65,308$64,279
2 years$33,481$32,858$32,253$31,667$31,099$30,065
3 years$22,099$21,473$20,870$20,290$19,731$18,724
4 years$16,409$15,785$15,188$14,618$14,072$13,100
5 years$12,996$12,376$11,787$11,228$10,697$9,763
6 years$10,721$10,106$9,525$8,979$8,464$7,569
7 years$9,097$8,487$7,916$7,382$6,884$6,027
8 years$7,880$7,275$6,713$6,193$5,711$4,893
9 years$6,933$6,334$5,782$5,275$4,809$4,030
10 years$6,177$5,583$5,041$4,547$4,098$3,357
11 years$5,558$4,970$4,438$3,957$3,524$2,820
12 years$5,043$4,461$3,938$3,471$3,054$2,386
13 years$4,607$4,031$3,519$3,064$2,663$2,031
14 years$4,234$3,664$3,162$2,720$2,335$1,736
15 years$3,911$3,348$2,855$2,426$2,055$1,490
16 years$3,628$3,071$2,588$2,172$1,817$1,283
17 years$3,380$2,829$2,355$1,952$1,611$1,108
18 years$3,159$2,614$2,150$1,759$1,432$959
19 years$2,961$2,422$1,968$1,589$1,277$832
20 years$2,784$2,251$1,806$1,439$1,140$723
21 years$2,623$2,097$1,661$1,306$1,020$629
22 years$2,477$1,957$1,531$1,188$915$548
23 years$2,345$1,831$1,414$1,082$821$478
24 years$2,223$1,715$1,308$987$738$417
25 years$2,112$1,610$1,211$901$664$365
26 years$2,009$1,513$1,123$824$598$319
27 years$1,914$1,424$1,043$754$539$279
28 years$1,825$1,341$970$691$487$244
29 years$1,743$1,266$902$634$439$214
30 years$1,667$1,195$840$581$397$187
31 years$1,596$1,130$783$534$359$164
32 years$1,529$1,069$731$491$325$144
33 years$1,467$1,012$683$451$294$126
34 years$1,408$960$638$415$266$111
35 years$1,353$910$596$382$241$97
36 years$1,301$864$558$352$218$85
37 years$1,252$820$522$324$198$75
38 years$1,205$780$489$299$179$66
39 years$1,161$741$458$276$163$58
40 years$1,120$705$429$254$148$51
41 years$1,080$671$403$235$134$44
42 years$1,043$639$378$216$121$39
43 years$1,007$609$354$200$110$34
44 years$973$581$333$185$100$30
45 years$941$554$312$170$91$26
46 years$910$528$293$157$82$23
47 years$880$504$276$145$75$20
48 years$852$481$259$134$68$18
49 years$825$460$243$124$62$16
50 years$800$439$229$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $819,000, adding $2,869 every year, while hoping to spend $20,981 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: 55/30/15 Blend
56$819,000$819,000$819,000$819,000
57$905,497$862,090$849,396$951,575
58$975,534$882,009$855,527$1,003,161
59$1,052,012$902,201$861,160$1,056,795
60$1,135,565$922,656$866,257$1,114,719
61$1,226,893$943,366$870,776$1,177,347
62$1,326,764$964,319$874,675$1,245,135
63$1,436,025$985,503$877,909$1,318,587
64$1,555,610$1,006,903$880,429$1,398,255
65$1,686,546$1,028,505$882,187$1,484,750
66$1,829,964$1,050,291$883,131$1,578,745
67$1,987,109$1,072,244$883,204$1,680,979
68$2,159,353$1,094,344$882,351$1,792,269
69$2,348,208$1,116,567$880,510$1,913,514
70$2,555,336$1,138,890$877,618$2,045,706
71$2,782,571$1,161,286$873,609$2,189,938
72$3,031,932$1,183,728$868,413$2,347,412
73$3,305,642$1,206,183$861,958$2,519,456
74$3,606,151$1,228,620$854,167$2,707,532
75$3,936,156$1,251,000$844,960$2,913,252
76$4,298,631$1,273,286$834,253$3,138,392
77$4,696,850$1,295,435$821,958$3,384,909
78$5,134,418$1,317,402$807,984$3,654,963
79$5,615,312$1,339,137$792,235$3,950,930
80$6,143,908$1,360,589$774,608$4,275,432
81$6,725,029$1,381,701$755,001$4,631,360
82$7,363,990$1,402,412$733,301$5,021,896
83$8,066,644$1,422,657$709,394$5,450,553
84$8,839,443$1,442,368$683,159$5,921,197
85$9,689,492$1,461,470$654,471$6,438,095
86$10,624,621$1,479,883$623,197$7,005,947
87$11,653,457$1,497,522$589,199$7,629,932
88$12,785,507$1,514,298$552,334$8,315,763
89$14,031,242$1,530,112$512,451$9,069,732
90$15,402,203$1,544,862$469,392$9,898,778
91$16,911,105$1,558,438$422,994$10,810,546
92$18,571,959$1,570,722$373,085$11,813,467
93$20,400,201$1,581,589$319,486$12,916,828
94$22,412,841$1,590,907$262,008$14,130,869
95$24,628,623$1,598,534$200,458$15,466,876
96$27,068,200$1,604,319$134,630$16,937,287
97$29,754,328$1,608,102$64,312$18,555,812
98$32,712,084$1,609,714$0$20,337,562
99$35,969,101$1,608,974$0$22,300,910
100$39,555,824$1,605,689$0$24,473,591