Can I retire at age 57 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$63,256$62,692$62,142$61,606$61,082$60,469
2 years$31,315$30,731$30,166$29,618$29,087$28,469
3 years$20,669$20,083$19,520$18,977$18,454$17,851
4 years$15,347$14,763$14,205$13,672$13,161$12,578
5 years$12,155$11,575$11,024$10,501$10,005$9,443
6 years$10,028$9,452$8,909$8,398$7,917$7,376
7 years$8,509$7,937$7,403$6,904$6,438$5,920
8 years$7,370$6,804$6,279$5,792$5,341$4,845
9 years$6,485$5,924$5,408$4,933$4,498$4,024
10 years$5,777$5,222$4,715$4,253$3,833$3,380
11 years$5,198$4,649$4,151$3,701$3,296$2,864
12 years$4,716$4,172$3,684$3,246$2,856$2,445
13 years$4,309$3,771$3,291$2,866$2,491$2,100
14 years$3,960$3,427$2,957$2,544$2,183$1,812
15 years$3,658$3,131$2,670$2,269$1,922$1,571
16 years$3,394$2,873$2,421$2,032$1,699$1,366
17 years$3,161$2,646$2,203$1,825$1,507$1,191
18 years$2,954$2,445$2,011$1,645$1,340$1,041
19 years$2,769$2,266$1,841$1,486$1,194$913
20 years$2,603$2,105$1,689$1,346$1,066$801
21 years$2,453$1,961$1,554$1,222$954$704
22 years$2,317$1,831$1,432$1,111$855$620
23 years$2,193$1,712$1,322$1,012$768$547
24 years$2,079$1,604$1,223$923$690$483
25 years$1,975$1,505$1,133$843$621$426
26 years$1,879$1,415$1,050$771$559$377
27 years$1,790$1,331$975$705$504$334
28 years$1,707$1,255$907$646$455$295
29 years$1,631$1,184$844$593$411$262
30 years$1,559$1,118$786$544$371$232
31 years$1,493$1,057$733$499$336$206
32 years$1,430$1,000$684$459$304$182
33 years$1,372$947$638$422$275$162
34 years$1,317$897$596$388$249$144
35 years$1,265$851$558$358$225$127
36 years$1,217$808$522$329$204$113
37 years$1,171$767$488$303$185$101
38 years$1,127$729$457$280$168$89
39 years$1,086$693$428$258$152$79
40 years$1,047$660$402$238$138$71
41 years$1,010$628$377$219$125$63
42 years$975$598$353$202$114$56
43 years$942$570$331$187$103$50
44 years$910$543$311$173$94$44
45 years$880$518$292$159$85$39
46 years$851$494$274$147$77$35
47 years$823$472$258$136$70$31
48 years$797$450$242$126$64$28
49 years$772$430$228$116$58$24
50 years$748$411$214$107$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $766,000, adding $3,462 every year, while hoping to spend $21,122 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: 31/40/29 Blend
56$766,000$766,000$766,000$766,000
57$847,703$807,105$795,232$866,379
58$911,695$824,180$799,399$898,240
59$981,506$841,383$802,997$930,429
60$1,057,708$858,699$805,986$964,667
61$1,140,930$876,110$808,321$1,001,149
62$1,231,862$893,597$809,958$1,040,089
63$1,331,269$911,140$810,848$1,081,725
64$1,439,988$928,716$810,941$1,126,319
65$1,558,945$946,301$810,185$1,174,160
66$1,689,155$963,867$808,524$1,225,569
67$1,831,739$981,387$805,900$1,280,899
68$1,987,931$998,829$802,252$1,340,540
69$2,159,089$1,016,161$797,517$1,404,923
70$2,346,709$1,033,347$791,627$1,474,525
71$2,552,440$1,050,347$784,513$1,549,870
72$2,778,096$1,067,121$776,101$1,631,540
73$3,025,676$1,083,624$766,315$1,720,177
74$3,297,382$1,099,808$755,073$1,816,487
75$3,595,639$1,115,623$742,292$1,921,254
76$3,923,118$1,131,013$727,884$2,035,340
77$4,282,764$1,145,920$711,755$2,159,698
78$4,677,817$1,160,282$693,811$2,295,382
79$5,111,850$1,174,031$673,948$2,443,552
80$5,588,795$1,187,095$652,063$2,605,492
81$6,112,989$1,199,400$628,043$2,782,616
82$6,689,206$1,210,862$601,775$2,976,488
83$7,322,707$1,221,396$573,136$3,188,832
84$8,019,288$1,230,909$542,001$3,421,552
85$8,785,334$1,239,303$508,237$3,676,747
86$9,627,882$1,246,472$471,706$3,956,738
87$10,554,682$1,252,306$432,265$4,264,081
88$11,574,276$1,256,685$389,762$4,601,599
89$12,696,073$1,259,484$344,040$4,972,408
90$13,930,443$1,260,569$294,936$5,379,944
91$15,288,808$1,259,796$242,276$5,827,998
92$16,783,756$1,257,016$185,882$6,320,753
93$18,429,157$1,252,068$125,567$6,862,825
94$20,240,293$1,244,781$61,135$7,459,305
95$22,234,002$1,234,975$0$8,115,807
96$24,428,840$1,222,458$0$8,840,886
97$26,845,251$1,207,028$0$9,659,356
98$29,505,763$1,188,468$0$10,559,886
99$32,435,199$1,166,552$0$11,550,859
100$35,660,913$1,141,037$0$12,641,518