Can I retire at age 57 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$68,210$67,603$67,010$66,431$65,866$64,353
2 years$33,767$33,139$32,529$31,938$31,365$29,848
3 years$22,288$21,656$21,048$20,463$19,899$18,427
4 years$16,549$15,920$15,318$14,743$14,192$12,776
5 years$13,107$12,481$11,887$11,324$10,789$9,432
6 years$10,813$10,192$9,607$9,056$8,537$7,241
7 years$9,175$8,559$7,983$7,445$6,943$5,708
8 years$7,947$7,337$6,770$6,246$5,760$4,586
9 years$6,993$6,388$5,831$5,320$4,850$3,737
10 years$6,229$5,631$5,084$4,586$4,133$3,078
11 years$5,605$5,013$4,476$3,991$3,554$2,557
12 years$5,086$4,499$3,972$3,501$3,080$2,138
13 years$4,646$4,066$3,549$3,091$2,686$1,798
14 years$4,270$3,696$3,189$2,743$2,354$1,519
15 years$3,944$3,376$2,879$2,447$2,073$1,287
16 years$3,659$3,098$2,610$2,191$1,832$1,095
17 years$3,408$2,853$2,375$1,968$1,625$933
18 years$3,186$2,636$2,168$1,774$1,444$797
19 years$2,986$2,443$1,985$1,603$1,287$682
20 years$2,807$2,270$1,822$1,452$1,150$585
21 years$2,646$2,115$1,676$1,317$1,029$502
22 years$2,499$1,974$1,544$1,198$922$431
23 years$2,365$1,846$1,426$1,091$828$371
24 years$2,242$1,730$1,319$995$744$319
25 years$2,130$1,623$1,221$909$670$275
26 years$2,026$1,526$1,133$831$603$237
27 years$1,930$1,436$1,052$761$544$204
28 years$1,841$1,353$978$697$491$176
29 years$1,758$1,276$910$639$443$152
30 years$1,681$1,205$848$586$400$131
31 years$1,610$1,139$790$539$362$113
32 years$1,542$1,078$737$495$327$98
33 years$1,479$1,021$688$455$296$85
34 years$1,420$968$643$419$268$73
35 years$1,364$918$601$386$243$63
36 years$1,312$871$563$355$220$55
37 years$1,262$827$527$327$200$47
38 years$1,216$786$493$302$181$41
39 years$1,171$748$462$278$164$35
40 years$1,129$711$433$256$149$31
41 years$1,089$677$406$237$135$26
42 years$1,052$645$381$218$123$23
43 years$1,016$615$357$202$111$20
44 years$981$586$335$186$101$17
45 years$949$559$315$172$92$15
46 years$918$533$296$159$83$13
47 years$888$508$278$147$76$11
48 years$860$485$261$136$69$10
49 years$832$464$245$125$62$8
50 years$806$443$231$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $826,000, adding $2,848 every year, while hoping to spend $55,441 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: 61/30/9 Blend
56$826,000$826,000$826,000$826,000
57$913,190$869,412$856,609$966,911
58$947,346$853,024$826,316$986,847
59$983,129$833,975$793,151$1,001,970
60$1,020,644$812,077$756,958$1,017,083
61$1,060,009$787,128$717,575$1,032,189
62$1,101,350$758,917$674,834$1,047,288
63$1,144,804$727,220$628,557$1,062,388
64$1,190,521$691,801$578,561$1,077,496
65$1,238,662$652,407$524,651$1,092,625
66$1,289,406$608,775$466,626$1,107,792
67$1,342,943$560,623$404,277$1,123,019
68$1,399,486$507,656$337,382$1,138,333
69$1,459,261$449,559$265,712$1,153,768
70$1,522,520$386,002$189,028$1,169,367
71$1,589,536$316,634$107,079$1,185,179
72$1,660,606$241,087$19,604$1,201,265
73$1,736,057$158,969$0$1,217,696
74$1,816,245$69,869$0$1,241,637
75$1,901,561$0$0$1,268,574
76$1,992,430$0$0$1,305,561
77$2,089,321$0$0$1,369,628
78$2,192,745$0$0$1,438,054
79$2,303,263$0$0$1,511,214
80$2,421,490$0$0$1,589,520
81$2,548,100$0$0$1,673,425
82$2,683,832$0$0$1,763,424
83$2,829,497$0$0$1,860,061
84$2,985,986$0$0$1,963,933
85$3,154,274$0$0$2,075,696
86$3,335,435$0$0$2,196,069
87$3,530,646$0$0$2,325,842
88$3,741,202$0$0$2,465,884
89$3,968,522$0$0$2,617,149
90$4,214,169$0$0$2,780,685
91$4,479,859$0$0$2,957,644
92$4,767,479$0$0$3,149,293
93$5,079,102$0$0$3,357,024
94$5,417,009$0$0$3,582,369
95$5,783,708$0$0$3,827,011
96$6,181,956$0$0$4,092,802
97$6,614,786$0$0$4,381,780
98$7,085,538$0$0$4,696,187
99$7,597,881$0$0$5,038,488
100$8,155,856$0$0$5,411,398