Can I retire at age 57 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,541$67,930$67,334$66,753$66,185$65,713
2 years$33,931$33,299$32,687$32,093$31,517$31,041
3 years$22,396$21,761$21,150$20,562$19,996$19,530
4 years$16,630$15,997$15,392$14,814$14,261$13,810
5 years$13,171$12,542$11,945$11,378$10,841$10,406
6 years$10,865$10,241$9,653$9,099$8,578$8,159
7 years$9,220$8,601$8,022$7,481$6,976$6,574
8 years$7,986$7,372$6,803$6,276$5,788$5,401
9 years$7,026$6,419$5,860$5,346$4,874$4,504
10 years$6,260$5,658$5,109$4,608$4,153$3,799
11 years$5,633$5,037$4,497$4,010$3,572$3,234
12 years$5,110$4,521$3,991$3,518$3,095$2,773
13 years$4,669$4,086$3,566$3,105$2,699$2,392
14 years$4,291$3,714$3,204$2,757$2,366$2,074
15 years$3,963$3,393$2,893$2,458$2,083$1,806
16 years$3,677$3,113$2,623$2,201$1,841$1,578
17 years$3,425$2,867$2,387$1,978$1,632$1,383
18 years$3,201$2,649$2,179$1,782$1,451$1,215
19 years$3,001$2,455$1,995$1,611$1,294$1,070
20 years$2,821$2,281$1,830$1,459$1,156$944
21 years$2,658$2,125$1,684$1,324$1,034$835
22 years$2,511$1,983$1,552$1,204$927$739
23 years$2,376$1,855$1,433$1,096$832$655
24 years$2,253$1,738$1,325$1,000$748$581
25 years$2,140$1,631$1,227$913$673$516
26 years$2,036$1,533$1,138$835$606$459
27 years$1,939$1,443$1,057$764$547$408
28 years$1,850$1,359$983$700$493$363
29 years$1,767$1,283$914$642$445$324
30 years$1,690$1,211$852$589$402$289
31 years$1,617$1,145$794$541$364$257
32 years$1,550$1,083$741$497$329$230
33 years$1,486$1,026$692$457$298$205
34 years$1,427$972$646$421$270$183
35 years$1,371$922$604$387$244$163
36 years$1,318$875$565$357$221$146
37 years$1,268$831$529$329$201$130
38 years$1,221$790$495$303$182$117
39 years$1,177$751$464$279$165$104
40 years$1,135$715$435$258$150$93
41 years$1,095$680$408$238$136$83
42 years$1,057$648$383$219$123$74
43 years$1,021$617$359$203$112$67
44 years$986$589$337$187$101$60
45 years$953$561$317$173$92$53
46 years$922$535$297$160$84$48
47 years$892$511$279$147$76$43
48 years$864$488$262$136$69$38
49 years$836$466$247$126$63$34
50 years$810$445$232$116$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $830,000, adding $4,252 every year, while hoping to spend $51,694 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: 32/49/19 Blend
56$830,000$830,000$830,000$830,000
57$919,046$875,056$862,191$942,908
58$957,787$862,932$836,072$948,951
59$998,746$848,481$807,346$950,435
60$1,042,097$831,535$775,871$950,944
61$1,088,025$811,915$741,497$950,421
62$1,136,737$789,432$704,071$948,813
63$1,188,456$763,886$663,429$946,064
64$1,243,428$735,065$619,402$942,117
65$1,301,919$702,745$571,814$936,917
66$1,364,224$666,689$520,479$930,411
67$1,430,664$626,645$465,204$922,543
68$1,501,590$582,349$405,787$913,263
69$1,577,388$533,520$342,016$902,520
70$1,658,480$479,861$273,673$890,268
71$1,745,330$421,060$200,526$876,465
72$1,838,446$356,784$122,336$861,073
73$1,938,385$286,684$38,851$844,058
74$2,045,759$210,390$0$825,397
75$2,161,239$127,512$0$815,255
76$2,285,563$37,638$0$812,509
77$2,419,541$0$0$809,335
78$2,564,060$0$0$837,982
79$2,720,099$0$0$890,922
80$2,888,731$0$0$948,238
81$3,071,136$0$0$1,010,342
82$3,268,610$0$0$1,077,690
83$3,482,579$0$0$1,150,783
84$3,714,611$0$0$1,230,172
85$3,966,430$0$0$1,316,461
86$4,239,932$0$0$1,410,317
87$4,537,202$0$0$1,512,474
88$4,860,535$0$0$1,623,737
89$5,212,454$0$0$1,744,994
90$5,595,738$0$0$1,877,222
91$6,013,443$0$0$2,021,495
92$6,468,932$0$0$2,178,998
93$6,965,908$0$0$2,351,032
94$7,508,445$0$0$2,539,031
95$8,101,030$0$0$2,744,575
96$8,748,600$0$0$2,969,400
97$9,456,592$0$0$3,215,422
98$10,230,992$0$0$3,484,747
99$11,078,390$0$0$3,779,695
100$12,006,044$0$0$4,102,823