Can I retire at age 57 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$63,421$62,856$62,305$61,767$61,241$59,761
2 years$31,396$30,812$30,245$29,696$29,163$27,680
3 years$20,723$20,136$19,571$19,026$18,502$17,063
4 years$15,387$14,802$14,242$13,707$13,196$11,812
5 years$12,187$11,605$11,053$10,529$10,031$8,707
6 years$10,054$9,476$8,932$8,420$7,937$6,674
7 years$8,531$7,958$7,423$6,922$6,455$5,252
8 years$7,389$6,822$6,295$5,807$5,355$4,212
9 years$6,502$5,939$5,422$4,946$4,510$3,426
10 years$5,792$5,235$4,727$4,264$3,843$2,817
11 years$5,212$4,661$4,162$3,711$3,305$2,335
12 years$4,729$4,183$3,693$3,255$2,864$1,949
13 years$4,320$3,780$3,300$2,873$2,497$1,636
14 years$3,970$3,436$2,965$2,551$2,189$1,379
15 years$3,667$3,139$2,677$2,275$1,927$1,166
16 years$3,403$2,880$2,427$2,037$1,704$990
17 years$3,169$2,652$2,208$1,830$1,510$842
18 years$2,962$2,451$2,016$1,649$1,343$718
19 years$2,777$2,272$1,846$1,490$1,197$613
20 years$2,610$2,111$1,694$1,350$1,069$524
21 years$2,460$1,966$1,558$1,225$957$449
22 years$2,323$1,835$1,436$1,114$858$385
23 years$2,199$1,717$1,326$1,014$770$330
24 years$2,085$1,608$1,226$925$692$284
25 years$1,980$1,509$1,136$845$623$244
26 years$1,884$1,418$1,053$773$561$209
27 years$1,794$1,335$978$707$506$180
28 years$1,712$1,258$909$648$456$155
29 years$1,635$1,187$846$594$412$133
30 years$1,563$1,121$788$545$372$115
31 years$1,496$1,059$735$501$337$99
32 years$1,434$1,002$685$460$304$85
33 years$1,375$949$640$423$276$74
34 years$1,320$900$598$389$249$63
35 years$1,269$853$559$358$226$55
36 years$1,220$810$523$330$205$47
37 years$1,174$769$490$304$186$41
38 years$1,130$731$458$280$168$35
39 years$1,089$695$430$259$153$30
40 years$1,050$661$403$238$138$26
41 years$1,013$630$377$220$126$22
42 years$978$600$354$203$114$19
43 years$944$571$332$187$103$17
44 years$912$545$312$173$94$14
45 years$882$519$293$160$85$12
46 years$853$495$275$148$77$11
47 years$826$473$258$136$70$9
48 years$799$451$243$126$64$8
49 years$774$431$228$116$58$7
50 years$750$412$215$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $768,000, adding $2,610 every year, while hoping to spend $38,714 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: 38/46/16 Blend
56$768,000$768,000$768,000$768,000
57$849,028$808,324$796,420$877,104
58$894,438$806,741$781,909$895,882
59$943,181$803,782$765,614$912,258
60$995,559$799,340$747,435$929,131
61$1,051,898$793,300$727,266$946,566
62$1,112,559$785,540$704,997$964,636
63$1,177,940$775,930$680,514$983,427
64$1,248,473$764,335$653,695$1,003,035
65$1,324,639$750,608$624,415$1,023,569
66$1,406,961$734,597$592,542$1,045,153
67$1,496,017$716,138$557,938$1,067,928
68$1,592,441$695,060$520,460$1,092,052
69$1,696,932$671,179$479,956$1,117,706
70$1,810,255$644,303$436,271$1,145,090
71$1,933,255$614,228$389,240$1,174,433
72$2,066,859$580,737$338,692$1,205,991
73$2,212,087$543,602$284,447$1,240,052
74$2,370,063$502,581$226,318$1,276,937
75$2,542,021$457,419$164,112$1,317,009
76$2,729,320$407,846$97,623$1,360,674
77$2,933,456$353,576$26,639$1,408,384
78$3,156,076$294,308$0$1,460,646
79$3,398,989$229,723$0$1,526,413
80$3,664,191$159,485$0$1,603,331
81$3,953,877$83,238$0$1,687,594
82$4,270,463$606$0$1,780,033
83$4,616,609$0$0$1,881,571
84$4,995,244$0$0$2,038,184
85$5,409,595$0$0$2,210,008
86$5,863,211$0$0$2,398,222
87$6,360,004$0$0$2,604,462
88$6,904,280$0$0$2,830,529
89$7,500,783$0$0$3,078,409
90$8,154,735$0$0$3,350,285
91$8,871,890$0$0$3,648,566
92$9,658,584$0$0$3,975,903
93$10,521,796$0$0$4,335,217
94$11,469,214$0$0$4,729,725
95$12,509,306$0$0$5,162,970
96$13,651,399$0$0$5,638,858
97$14,905,770$0$0$6,161,687
98$16,283,737$0$0$6,736,196
99$17,797,770$0$0$7,367,605
100$19,461,607$0$0$8,061,664