Can I retire at age 57 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$68,706$68,094$67,497$66,914$66,345$64,899
2 years$34,013$33,379$32,765$32,170$31,593$30,144
3 years$22,450$21,814$21,201$20,612$20,044$18,636
4 years$16,670$16,035$15,429$14,850$14,295$12,940
5 years$13,202$12,572$11,974$11,406$10,867$9,569
6 years$10,892$10,266$9,677$9,121$8,599$7,358
7 years$9,242$8,621$8,041$7,499$6,993$5,810
8 years$8,005$7,390$6,820$6,291$5,801$4,676
9 years$7,043$6,434$5,874$5,358$4,886$3,817
10 years$6,275$5,672$5,121$4,619$4,163$3,150
11 years$5,646$5,049$4,508$4,020$3,580$2,622
12 years$5,123$4,532$4,001$3,526$3,103$2,197
13 years$4,680$4,095$3,575$3,113$2,705$1,851
14 years$4,301$3,723$3,212$2,763$2,372$1,567
15 years$3,973$3,401$2,900$2,464$2,088$1,331
16 years$3,686$3,120$2,629$2,207$1,845$1,134
17 years$3,433$2,873$2,392$1,983$1,636$969
18 years$3,209$2,655$2,184$1,787$1,455$830
19 years$3,008$2,461$1,999$1,614$1,297$712
20 years$2,828$2,287$1,835$1,462$1,158$611
21 years$2,665$2,130$1,688$1,327$1,037$526
22 years$2,517$1,988$1,555$1,207$929$453
23 years$2,382$1,860$1,436$1,099$834$390
24 years$2,258$1,742$1,328$1,002$750$337
25 years$2,145$1,635$1,230$915$675$291
26 years$2,041$1,537$1,141$837$608$251
27 years$1,944$1,446$1,060$766$548$217
28 years$1,854$1,363$985$702$494$188
29 years$1,771$1,286$917$644$446$163
30 years$1,694$1,214$854$591$403$141
31 years$1,621$1,148$796$542$365$122
32 years$1,553$1,086$743$499$330$105
33 years$1,490$1,028$693$458$299$91
34 years$1,430$975$648$422$270$79
35 years$1,374$925$606$388$245$69
36 years$1,321$878$567$358$222$59
37 years$1,272$833$530$330$201$51
38 years$1,224$792$497$304$182$45
39 years$1,180$753$465$280$165$39
40 years$1,137$717$436$258$150$34
41 years$1,097$682$409$238$136$29
42 years$1,059$650$384$220$123$25
43 years$1,023$619$360$203$112$22
44 years$989$590$338$187$102$19
45 years$956$563$317$173$92$16
46 years$924$537$298$160$84$14
47 years$894$512$280$148$76$12
48 years$866$489$263$137$69$11
49 years$838$467$247$126$63$9
50 years$812$446$232$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $832,000, adding $6,653 every year, while hoping to spend $31,994 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: 72/19/9 Blend
56$832,000$832,000$832,000$832,000
57$923,727$879,631$866,735$988,272
58$983,905$888,691$861,729$1,040,868
59$1,049,150$897,123$855,483$1,093,827
60$1,119,944$904,863$847,922$1,150,932
61$1,196,817$911,840$838,967$1,212,582
62$1,280,355$917,983$828,535$1,279,219
63$1,371,200$923,212$816,539$1,351,330
64$1,470,058$927,446$802,889$1,429,450
65$1,577,709$930,596$787,491$1,514,170
66$1,695,008$932,568$770,244$1,606,143
67$1,822,897$933,262$751,046$1,706,086
68$1,962,413$932,572$729,786$1,814,790
69$2,114,697$930,386$706,353$1,933,129
70$2,281,007$926,585$680,626$2,062,064
71$2,462,724$921,043$652,481$2,202,656
72$2,661,371$913,623$621,789$2,356,075
73$2,878,625$904,185$588,413$2,523,610
74$3,116,332$892,577$552,211$2,706,681
75$3,376,523$878,638$513,036$2,906,856
76$3,661,437$862,201$470,731$3,125,863
77$3,973,539$843,083$425,136$3,365,606
78$4,315,541$821,096$376,079$3,628,185
79$4,690,434$796,037$323,386$3,915,916
80$5,101,510$767,694$266,870$4,231,350
81$5,552,393$735,841$206,340$4,577,302
82$6,047,079$700,239$141,594$4,956,875
83$6,589,965$660,635$72,422$5,373,489
84$7,185,897$616,761$0$5,830,914
85$7,840,213$568,337$0$6,333,443
86$8,558,791$515,062$0$6,892,956
87$9,348,109$456,621$0$7,507,566
88$10,215,302$392,681$0$8,182,869
89$11,168,229$322,889$0$8,925,029
90$12,215,551$246,873$0$9,740,845
91$13,366,806$164,239$0$10,637,806
92$14,632,505$74,571$0$11,624,169
93$16,024,228$0$0$12,709,035
94$17,554,731$0$0$13,907,150
95$19,238,071$0$0$15,242,103
96$21,089,733$0$0$16,710,588
97$23,126,780$0$0$18,326,143
98$25,368,012$0$0$20,103,683
99$27,834,141$0$0$22,059,643
100$30,547,992$0$0$24,212,131