Can I retire at age 57 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$68,045$67,439$66,848$66,271$65,707$63,783
2 years$33,686$33,058$32,450$31,861$31,289$29,366
3 years$22,234$21,604$20,998$20,414$19,851$17,989
4 years$16,509$15,881$15,281$14,707$14,158$12,372
5 years$13,075$12,451$11,859$11,296$10,763$9,057
6 years$10,787$10,167$9,583$9,034$8,516$6,893
7 years$9,153$8,538$7,964$7,427$6,926$5,385
8 years$7,928$7,319$6,754$6,230$5,746$4,286
9 years$6,976$6,373$5,817$5,307$4,839$3,459
10 years$6,214$5,617$5,072$4,575$4,123$2,820
11 years$5,592$5,001$4,465$3,981$3,546$2,319
12 years$5,073$4,488$3,963$3,492$3,073$1,919
13 years$4,635$4,056$3,540$3,083$2,679$1,597
14 years$4,260$3,687$3,181$2,737$2,349$1,334
15 years$3,935$3,368$2,872$2,441$2,068$1,118
16 years$3,651$3,090$2,604$2,185$1,828$940
17 years$3,400$2,846$2,369$1,964$1,621$792
18 years$3,178$2,630$2,163$1,770$1,441$669
19 years$2,979$2,437$1,980$1,599$1,284$566
20 years$2,801$2,265$1,817$1,448$1,147$479
21 years$2,639$2,110$1,671$1,314$1,027$406
22 years$2,493$1,969$1,541$1,195$920$345
23 years$2,359$1,842$1,422$1,088$826$293
24 years$2,237$1,726$1,315$993$742$249
25 years$2,124$1,619$1,218$906$668$212
26 years$2,021$1,522$1,130$829$602$180
27 years$1,925$1,432$1,049$759$543$153
28 years$1,837$1,350$975$695$490$130
29 years$1,754$1,273$908$637$442$111
30 years$1,677$1,202$846$585$399$95
31 years$1,606$1,137$788$537$361$81
32 years$1,539$1,076$735$494$327$69
33 years$1,476$1,019$687$454$296$59
34 years$1,417$965$642$418$268$50
35 years$1,361$916$600$385$242$43
36 years$1,309$869$561$354$220$36
37 years$1,259$825$525$326$199$31
38 years$1,213$784$492$301$180$26
39 years$1,168$746$461$277$164$23
40 years$1,127$710$432$256$148$19
41 years$1,087$676$405$236$135$16
42 years$1,049$643$380$218$122$14
43 years$1,013$613$357$201$111$12
44 years$979$584$335$186$101$10
45 years$946$557$314$171$91$9
46 years$915$532$295$158$83$7
47 years$886$507$277$146$75$6
48 years$857$484$261$135$68$5
49 years$830$462$245$125$62$5
50 years$805$442$230$116$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $824,000, adding $5,249 every year, while hoping to spend $21,442 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: 50/40/10 Blend
56$824,000$824,000$824,000$824,000
57$913,462$869,790$857,018$956,454
58$983,821$889,596$862,914$1,006,229
59$1,060,638$909,653$868,289$1,057,580
60$1,144,549$929,952$873,103$1,112,885
61$1,236,255$950,481$877,313$1,172,520
62$1,336,525$971,228$880,876$1,236,901
63$1,446,210$992,177$883,744$1,306,484
64$1,566,243$1,013,313$885,869$1,381,773
65$1,697,654$1,034,620$887,200$1,463,322
66$1,841,576$1,056,077$887,683$1,551,743
67$1,999,258$1,077,666$887,260$1,647,708
68$2,172,072$1,099,361$885,874$1,751,959
69$2,361,534$1,121,141$883,461$1,865,314
70$2,569,310$1,142,976$879,956$1,988,674
71$2,797,236$1,164,839$875,292$2,123,030
72$3,047,336$1,186,697$869,395$2,269,476
73$3,321,836$1,208,517$862,192$2,429,219
74$3,623,191$1,230,262$853,603$2,603,587
75$3,954,103$1,251,892$843,546$2,794,044
76$4,317,551$1,273,364$831,935$3,002,203
77$4,716,815$1,294,633$818,678$3,229,845
78$5,155,509$1,315,648$803,682$3,478,929
79$5,637,613$1,336,357$786,847$3,751,617
80$6,167,513$1,356,702$768,070$4,050,290
81$6,750,041$1,376,622$747,243$4,377,574
82$7,390,520$1,396,052$724,250$4,736,363
83$8,094,816$1,414,921$698,975$5,129,847
84$8,869,389$1,433,154$671,293$5,561,542
85$9,721,359$1,450,671$641,074$6,035,323
86$10,658,570$1,467,386$608,182$6,555,463
87$11,689,664$1,483,208$572,475$7,126,671
88$12,824,162$1,498,038$533,806$7,754,137
89$14,072,558$1,511,773$492,020$8,443,582
90$15,446,410$1,524,301$446,954$9,201,313
91$16,958,456$1,535,504$398,439$10,034,280
92$18,622,731$1,545,256$346,299$10,950,147
93$20,454,700$1,553,424$290,350$11,957,359
94$22,471,401$1,559,863$230,399$13,065,225
95$24,691,611$1,564,424$166,244$14,284,006
96$27,136,018$1,566,943$97,676$15,625,013
97$29,827,420$1,567,251$24,476$17,100,712
98$32,790,936$1,565,166$0$18,724,844
99$36,054,245$1,560,493$0$20,518,280
100$39,647,850$1,553,028$0$22,495,148