Can I retire at age 57 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$67,963$67,357$66,767$66,190$65,627$64,888
2 years$33,645$33,018$32,411$31,822$31,251$30,507
3 years$22,207$21,578$20,972$20,389$19,827$19,101
4 years$16,489$15,862$15,262$14,689$14,141$13,438
5 years$13,060$12,436$11,844$11,283$10,750$10,073
6 years$10,774$10,155$9,572$9,023$8,506$7,856
7 years$9,142$8,528$7,954$7,418$6,917$6,294
8 years$7,918$7,310$6,746$6,223$5,739$5,142
9 years$6,967$6,365$5,810$5,300$4,833$4,263
10 years$6,207$5,610$5,065$4,569$4,118$3,574
11 years$5,585$4,994$4,460$3,976$3,541$3,024
12 years$5,067$4,483$3,958$3,488$3,069$2,576
13 years$4,629$4,051$3,536$3,079$2,676$2,208
14 years$4,255$3,682$3,177$2,733$2,346$1,902
15 years$3,930$3,364$2,868$2,438$2,066$1,645
16 years$3,646$3,086$2,601$2,183$1,826$1,427
17 years$3,396$2,842$2,367$1,961$1,619$1,242
18 years$3,174$2,626$2,160$1,767$1,439$1,084
19 years$2,976$2,434$1,978$1,597$1,283$948
20 years$2,797$2,262$1,815$1,446$1,146$830
21 years$2,636$2,107$1,669$1,313$1,025$728
22 years$2,490$1,967$1,539$1,194$919$640
23 years$2,356$1,839$1,421$1,087$825$563
24 years$2,234$1,723$1,314$991$742$496
25 years$2,122$1,617$1,217$905$667$437
26 years$2,018$1,520$1,129$828$601$385
27 years$1,923$1,431$1,048$758$542$340
28 years$1,834$1,348$974$694$489$300
29 years$1,752$1,272$907$637$442$265
30 years$1,675$1,201$845$584$399$235
31 years$1,604$1,135$787$537$361$208
32 years$1,537$1,074$735$493$326$184
33 years$1,474$1,017$686$454$295$163
34 years$1,415$964$641$417$267$144
35 years$1,359$915$599$384$242$127
36 years$1,307$868$560$354$219$113
37 years$1,258$824$525$326$199$100
38 years$1,211$783$491$300$180$89
39 years$1,167$745$460$277$163$79
40 years$1,125$709$431$256$148$70
41 years$1,085$675$405$236$135$62
42 years$1,048$643$379$218$122$55
43 years$1,012$612$356$201$111$49
44 years$978$584$334$185$101$43
45 years$945$557$314$171$91$38
46 years$914$531$295$158$83$34
47 years$885$507$277$146$75$30
48 years$856$484$260$135$68$27
49 years$829$462$245$125$62$24
50 years$804$441$230$115$56$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $823,000, adding $5,972 every year, while hoping to spend $54,702 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: 67/21/12 Blend
56$823,000$823,000$823,000$823,000
57$913,106$869,487$856,731$971,465
58$948,040$853,889$827,229$995,483
59$984,705$835,694$794,905$1,014,688
60$1,023,218$814,716$759,607$1,034,281
61$1,063,708$790,760$721,176$1,054,294
62$1,106,316$763,617$679,446$1,074,765
63$1,151,195$733,069$634,242$1,095,737
64$1,198,511$698,883$585,383$1,117,259
65$1,248,444$660,813$532,678$1,139,387
66$1,301,193$618,601$475,931$1,162,184
67$1,356,973$571,970$414,932$1,185,726
68$1,416,018$520,631$349,466$1,210,093
69$1,478,586$464,276$279,307$1,235,380
70$1,544,957$402,580$204,220$1,261,694
71$1,615,438$335,202$123,956$1,289,156
72$1,690,364$261,778$38,260$1,317,901
73$1,770,102$181,927$0$1,348,084
74$1,855,054$95,243$0$1,386,687
75$1,945,660$1,301$0$1,432,766
76$2,042,402$0$0$1,481,673
77$2,145,807$0$0$1,556,882
78$2,256,455$0$0$1,637,713
79$2,374,980$0$0$1,724,333
80$2,502,078$0$0$1,817,254
81$2,638,512$0$0$1,917,040
82$2,785,121$0$0$2,024,308
83$2,942,825$0$0$2,139,738
84$3,112,634$0$0$2,264,073
85$3,295,658$0$0$2,398,132
86$3,493,113$0$0$2,542,813
87$3,706,341$0$0$2,699,104
88$3,936,810$0$0$2,868,090
89$4,186,139$0$0$3,050,963
90$4,456,105$0$0$3,249,034
91$4,748,661$0$0$3,463,746
92$5,065,955$0$0$3,696,682
93$5,410,351$0$0$3,949,586
94$5,784,447$0$0$4,224,376
95$6,191,101$0$0$4,523,160
96$6,633,458$0$0$4,848,258
97$7,114,978$0$0$5,202,225
98$7,639,467$0$0$5,587,868
99$8,211,115$0$0$6,008,280
100$8,834,533$0$0$6,466,863