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%17%
1 years$68,541$67,930$67,334$66,753$66,185$64,299
2 years$33,931$33,299$32,687$32,093$31,517$29,631
3 years$22,396$21,761$21,150$20,562$19,996$18,169
4 years$16,630$15,997$15,392$14,814$14,261$12,508
5 years$13,171$12,542$11,945$11,378$10,841$9,167
6 years$10,865$10,241$9,653$9,099$8,578$6,984
7 years$9,220$8,601$8,022$7,481$6,976$5,462
8 years$7,986$7,372$6,803$6,276$5,788$4,352
9 years$7,026$6,419$5,860$5,346$4,874$3,517
10 years$6,260$5,658$5,109$4,608$4,153$2,871
11 years$5,633$5,037$4,497$4,010$3,572$2,364
12 years$5,110$4,521$3,991$3,518$3,095$1,959
13 years$4,669$4,086$3,566$3,105$2,699$1,632
14 years$4,291$3,714$3,204$2,757$2,366$1,365
15 years$3,963$3,393$2,893$2,458$2,083$1,146
16 years$3,677$3,113$2,623$2,201$1,841$965
17 years$3,425$2,867$2,387$1,978$1,632$814
18 years$3,201$2,649$2,179$1,782$1,451$688
19 years$3,001$2,455$1,995$1,611$1,294$583
20 years$2,821$2,281$1,830$1,459$1,156$494
21 years$2,658$2,125$1,684$1,324$1,034$420
22 years$2,511$1,983$1,552$1,204$927$357
23 years$2,376$1,855$1,433$1,096$832$304
24 years$2,253$1,738$1,325$1,000$748$258
25 years$2,140$1,631$1,227$913$673$220
26 years$2,036$1,533$1,138$835$606$188
27 years$1,939$1,443$1,057$764$547$160
28 years$1,850$1,359$983$700$493$136
29 years$1,767$1,283$914$642$445$116
30 years$1,690$1,211$852$589$402$99
31 years$1,617$1,145$794$541$364$85
32 years$1,550$1,083$741$497$329$72
33 years$1,486$1,026$692$457$298$62
34 years$1,427$972$646$421$270$53
35 years$1,371$922$604$387$244$45
36 years$1,318$875$565$357$221$39
37 years$1,268$831$529$329$201$33
38 years$1,221$790$495$303$182$28
39 years$1,177$751$464$279$165$24
40 years$1,135$715$435$258$150$21
41 years$1,095$680$408$238$136$18
42 years$1,057$648$383$219$123$15
43 years$1,021$617$359$203$112$13
44 years$986$589$337$187$101$11
45 years$953$561$317$173$92$9
46 years$922$535$297$160$84$8
47 years$892$511$279$147$76$7
48 years$864$488$262$136$69$6
49 years$836$466$247$126$63$5
50 years$810$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $830,000, adding $3,498 every year, while hoping to spend $26,663 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: 77/5/18 Blend
56$830,000$830,000$830,000$830,000
57$918,268$874,278$861,413$984,978
58$983,562$888,749$861,901$1,044,015
59$1,054,623$903,034$861,512$1,105,067
60$1,132,010$917,098$860,188$1,171,305
61$1,216,339$930,901$857,869$1,243,237
62$1,308,290$944,399$854,491$1,321,426
63$1,408,607$957,546$849,989$1,406,489
64$1,518,114$970,295$844,292$1,499,110
65$1,637,714$982,591$837,328$1,600,038
66$1,768,402$994,380$829,021$1,710,102
67$1,911,276$1,005,602$819,289$1,830,214
68$2,067,541$1,016,191$808,051$1,961,379
69$2,238,527$1,026,081$795,217$2,104,705
70$2,425,697$1,035,199$780,697$2,261,412
71$2,630,661$1,043,467$764,393$2,432,846
72$2,855,194$1,050,803$746,206$2,620,489
73$3,101,250$1,057,118$726,030$2,825,975
74$3,370,981$1,062,320$703,756$3,051,106
75$3,666,757$1,066,309$679,267$3,297,864
76$3,991,187$1,068,980$652,444$3,568,439
77$4,347,148$1,070,220$623,161$3,865,239
78$4,737,806$1,069,910$591,285$4,190,922
79$5,166,650$1,067,922$556,680$4,548,416
80$5,637,521$1,064,124$519,202$4,940,947
81$6,154,653$1,058,371$478,701$5,372,072
82$6,722,709$1,050,512$435,019$5,845,710
83$7,346,826$1,040,388$387,992$6,366,183
84$8,032,662$1,027,827$337,450$6,938,250
85$8,786,452$1,012,649$283,213$7,567,159
86$9,615,064$994,663$225,094$8,258,694
87$10,526,065$973,665$162,899$9,019,229
88$11,527,791$949,442$96,424$9,855,788
89$12,629,428$921,767$25,456$10,776,114
90$13,841,094$890,398$0$11,788,740
91$15,173,939$855,081$0$12,912,727
92$16,640,248$815,547$0$14,154,629
93$18,253,555$771,510$0$15,521,020
94$20,028,773$722,670$0$17,024,540
95$21,982,334$668,707$0$18,679,115
96$24,132,344$609,285$0$20,500,088
97$26,498,750$544,047$0$22,504,369
98$29,103,534$472,618$0$24,710,590
99$31,970,917$394,598$0$27,139,281
100$35,127,585$309,568$0$29,813,065