Can I retire at age 57 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$68,458$67,848$67,253$66,673$66,106$64,067
2 years$33,890$33,259$32,647$32,054$31,479$29,442
3 years$22,369$21,735$21,125$20,537$19,971$18,001
4 years$16,610$15,978$15,374$14,796$14,244$12,355
5 years$13,155$12,527$11,930$11,365$10,828$9,026
6 years$10,852$10,229$9,642$9,089$8,568$6,854
7 years$9,208$8,590$8,012$7,472$6,968$5,342
8 years$7,976$7,363$6,795$6,268$5,781$4,242
9 years$7,018$6,411$5,853$5,339$4,868$3,415
10 years$6,252$5,651$5,102$4,602$4,148$2,778
11 years$5,626$5,031$4,492$4,005$3,567$2,278
12 years$5,104$4,515$3,987$3,513$3,091$1,880
13 years$4,663$4,081$3,562$3,102$2,696$1,560
14 years$4,286$3,709$3,200$2,753$2,363$1,300
15 years$3,959$3,388$2,889$2,456$2,081$1,086
16 years$3,673$3,109$2,620$2,199$1,839$911
17 years$3,421$2,863$2,384$1,975$1,630$765
18 years$3,197$2,646$2,176$1,780$1,450$644
19 years$2,997$2,452$1,992$1,609$1,292$543
20 years$2,818$2,278$1,828$1,457$1,154$458
21 years$2,655$2,122$1,682$1,322$1,033$387
22 years$2,508$1,981$1,550$1,202$926$328
23 years$2,373$1,853$1,431$1,095$831$278
24 years$2,250$1,736$1,323$999$747$235
25 years$2,137$1,629$1,226$912$672$199
26 years$2,033$1,531$1,137$834$605$169
27 years$1,937$1,441$1,056$763$546$143
28 years$1,848$1,358$981$699$493$122
29 years$1,765$1,281$913$641$445$103
30 years$1,687$1,210$851$589$402$88
31 years$1,615$1,144$793$541$363$75
32 years$1,548$1,082$740$497$329$63
33 years$1,485$1,025$691$457$297$54
34 years$1,425$971$646$420$269$46
35 years$1,369$921$604$387$244$39
36 years$1,317$874$565$356$221$33
37 years$1,267$830$528$328$200$28
38 years$1,220$789$495$303$182$24
39 years$1,176$750$464$279$165$20
40 years$1,133$714$435$257$149$17
41 years$1,093$680$407$237$136$15
42 years$1,055$647$382$219$123$12
43 years$1,019$617$359$202$112$11
44 years$985$588$337$187$101$9
45 years$952$561$316$173$92$8
46 years$921$535$297$159$83$7
47 years$891$510$279$147$76$6
48 years$863$487$262$136$69$5
49 years$835$465$246$126$63$4
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $829,000, adding $2,234 every year, while hoping to spend $41,354 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: 34/47/19 Blend
56$829,000$829,000$829,000$829,000
57$915,862$871,925$859,076$941,585
58$965,280$870,649$843,855$959,450
59$1,018,352$867,925$826,737$974,720
60$1,075,408$863,637$807,617$990,320
61$1,136,809$857,665$786,381$1,006,306
62$1,202,952$849,878$762,913$1,022,739
63$1,274,272$840,141$737,090$1,039,690
64$1,351,248$828,309$708,783$1,057,243
65$1,434,406$814,227$677,858$1,075,492
66$1,524,325$797,733$644,176$1,094,547
67$1,621,639$778,655$607,588$1,114,532
68$1,727,046$756,809$567,943$1,135,588
69$1,841,315$732,003$525,079$1,157,876
70$1,965,290$704,032$478,830$1,181,580
71$2,099,900$672,680$429,021$1,206,906
72$2,246,166$637,717$375,469$1,234,088
73$2,405,210$598,901$317,983$1,263,391
74$2,578,271$555,976$256,365$1,295,112
75$2,766,707$508,672$190,406$1,329,586
76$2,972,016$456,701$119,888$1,367,191
77$3,195,843$399,761$44,587$1,408,351
78$3,440,003$337,533$0$1,453,539
79$3,706,489$269,679$0$1,510,543
80$3,997,499$195,841$0$1,582,822
81$4,315,450$115,643$0$1,662,049
82$4,663,003$28,687$0$1,749,024
83$5,043,089$0$0$1,844,638
84$5,458,934$0$0$1,983,728
85$5,914,091$0$0$2,152,325
86$6,412,473$0$0$2,337,056
87$6,958,385$0$0$2,539,534
88$7,556,575$0$0$2,761,533
89$8,212,264$0$0$3,005,009
90$8,931,210$0$0$3,272,117
91$9,719,748$0$0$3,565,228
92$10,584,861$0$0$3,886,957
93$11,534,236$0$0$4,240,181
94$12,576,344$0$0$4,628,071
95$13,720,514$0$0$5,054,122
96$14,977,022$0$0$5,522,180
97$16,357,191$0$0$6,036,485
98$17,873,491$0$0$6,601,707
99$19,539,661$0$0$7,222,991
100$21,370,837$0$0$7,906,005