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%14.4%
1 years$63,421$62,856$62,305$61,767$61,241$60,128
2 years$31,396$30,812$30,245$29,696$29,163$28,045
3 years$20,723$20,136$19,571$19,026$18,502$17,415
4 years$15,387$14,802$14,242$13,707$13,196$12,147
5 years$12,187$11,605$11,053$10,529$10,031$9,025
6 years$10,054$9,476$8,932$8,420$7,937$6,974
7 years$8,531$7,958$7,423$6,922$6,455$5,535
8 years$7,389$6,822$6,295$5,807$5,355$4,478
9 years$6,502$5,939$5,422$4,946$4,510$3,675
10 years$5,792$5,235$4,727$4,264$3,843$3,049
11 years$5,212$4,661$4,162$3,711$3,305$2,552
12 years$4,729$4,183$3,693$3,255$2,864$2,151
13 years$4,320$3,780$3,300$2,873$2,497$1,823
14 years$3,970$3,436$2,965$2,551$2,189$1,553
15 years$3,667$3,139$2,677$2,275$1,927$1,327
16 years$3,403$2,880$2,427$2,037$1,704$1,138
17 years$3,169$2,652$2,208$1,830$1,510$979
18 years$2,962$2,451$2,016$1,649$1,343$844
19 years$2,777$2,272$1,846$1,490$1,197$728
20 years$2,610$2,111$1,694$1,350$1,069$630
21 years$2,460$1,966$1,558$1,225$957$546
22 years$2,323$1,835$1,436$1,114$858$473
23 years$2,199$1,717$1,326$1,014$770$411
24 years$2,085$1,608$1,226$925$692$357
25 years$1,980$1,509$1,136$845$623$311
26 years$1,884$1,418$1,053$773$561$270
27 years$1,794$1,335$978$707$506$235
28 years$1,712$1,258$909$648$456$205
29 years$1,635$1,187$846$594$412$179
30 years$1,563$1,121$788$545$372$156
31 years$1,496$1,059$735$501$337$136
32 years$1,434$1,002$685$460$304$118
33 years$1,375$949$640$423$276$103
34 years$1,320$900$598$389$249$90
35 years$1,269$853$559$358$226$79
36 years$1,220$810$523$330$205$69
37 years$1,174$769$490$304$186$60
38 years$1,130$731$458$280$168$52
39 years$1,089$695$430$259$153$46
40 years$1,050$661$403$238$138$40
41 years$1,013$630$377$220$126$35
42 years$978$600$354$203$114$31
43 years$944$571$332$187$103$27
44 years$912$545$312$173$94$23
45 years$882$519$293$160$85$20
46 years$853$495$275$148$77$18
47 years$826$473$258$136$70$16
48 years$799$451$243$126$64$14
49 years$774$431$228$116$58$12
50 years$750$412$215$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $768,000, adding $2,430 every year, while hoping to spend $27,339 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: 37/33/30 Blend
56$768,000$768,000$768,000$768,000
57$848,843$808,139$796,235$872,573
58$906,336$818,649$793,820$900,925
59$968,778$828,758$790,408$928,886
60$1,036,643$838,417$785,937$958,575
61$1,110,456$847,575$780,341$990,169
62$1,190,792$856,175$773,552$1,023,862
63$1,278,285$864,160$765,498$1,059,869
64$1,373,632$871,466$756,104$1,098,431
65$1,477,601$878,027$745,292$1,139,813
66$1,591,036$883,770$732,980$1,184,309
67$1,714,868$888,621$719,080$1,232,244
68$1,850,119$892,497$703,504$1,283,982
69$1,997,916$895,315$686,157$1,339,921
70$2,159,499$896,981$666,939$1,400,506
71$2,336,235$897,400$645,748$1,466,228
72$2,529,626$896,468$622,476$1,537,631
73$2,741,329$894,076$597,010$1,615,317
74$2,973,167$890,108$569,232$1,699,954
75$3,227,147$884,440$539,018$1,792,278
76$3,505,480$876,942$506,240$1,893,106
77$3,810,602$867,475$470,762$2,003,342
78$4,145,195$855,893$432,444$2,123,985
79$4,512,212$842,039$391,138$2,256,139
80$4,914,908$825,749$346,691$2,401,027
81$5,356,866$806,848$298,943$2,559,999
82$5,842,034$785,151$247,725$2,734,550
83$6,374,760$760,462$192,862$2,926,331
84$6,959,834$732,574$134,172$3,137,165
85$7,602,534$701,267$71,464$3,369,071
86$8,308,673$666,309$4,537$3,624,275
87$9,084,653$627,454$0$3,905,240
88$9,937,532$584,443$0$4,236,095
89$10,875,081$537,002$0$4,601,377
90$11,905,863$484,839$0$5,003,021
91$13,039,313$427,648$0$5,444,768
92$14,285,825$365,105$0$5,930,743
93$15,656,852$296,867$0$6,465,496
94$17,165,009$222,573$0$7,054,046
95$18,824,201$141,839$0$7,701,929
96$20,649,743$54,263$0$8,415,249
97$22,658,513$0$0$9,200,739
98$24,869,107$0$0$10,080,563
99$27,302,012$0$0$11,070,680
100$29,979,807$0$0$12,160,588