Can I retire at age 57 with 768,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$63,421$62,856$62,305$61,767$61,241$59,305
2 years$31,396$30,812$30,245$29,696$29,163$27,229
3 years$20,723$20,136$19,571$19,026$18,502$16,632
4 years$15,387$14,802$14,242$13,707$13,196$11,404
5 years$12,187$11,605$11,053$10,529$10,031$8,322
6 years$10,054$9,476$8,932$8,420$7,937$6,313
7 years$8,531$7,958$7,423$6,922$6,455$4,915
8 years$7,389$6,822$6,295$5,807$5,355$3,898
9 years$6,502$5,939$5,422$4,946$4,510$3,134
10 years$5,792$5,235$4,727$4,264$3,843$2,546
11 years$5,212$4,661$4,162$3,711$3,305$2,085
12 years$4,729$4,183$3,693$3,255$2,864$1,719
13 years$4,320$3,780$3,300$2,873$2,497$1,424
14 years$3,970$3,436$2,965$2,551$2,189$1,185
15 years$3,667$3,139$2,677$2,275$1,927$989
16 years$3,403$2,880$2,427$2,037$1,704$828
17 years$3,169$2,652$2,208$1,830$1,510$695
18 years$2,962$2,451$2,016$1,649$1,343$584
19 years$2,777$2,272$1,846$1,490$1,197$491
20 years$2,610$2,111$1,694$1,350$1,069$414
21 years$2,460$1,966$1,558$1,225$957$350
22 years$2,323$1,835$1,436$1,114$858$295
23 years$2,199$1,717$1,326$1,014$770$250
24 years$2,085$1,608$1,226$925$692$211
25 years$1,980$1,509$1,136$845$623$179
26 years$1,884$1,418$1,053$773$561$151
27 years$1,794$1,335$978$707$506$128
28 years$1,712$1,258$909$648$456$109
29 years$1,635$1,187$846$594$412$92
30 years$1,563$1,121$788$545$372$78
31 years$1,496$1,059$735$501$337$66
32 years$1,434$1,002$685$460$304$56
33 years$1,375$949$640$423$276$48
34 years$1,320$900$598$389$249$40
35 years$1,269$853$559$358$226$34
36 years$1,220$810$523$330$205$29
37 years$1,174$769$490$304$186$25
38 years$1,130$731$458$280$168$21
39 years$1,089$695$430$259$153$18
40 years$1,050$661$403$238$138$15
41 years$1,013$630$377$220$126$13
42 years$978$600$354$203$114$11
43 years$944$571$332$187$103$9
44 years$912$545$312$173$94$8
45 years$882$519$293$160$85$7
46 years$853$495$275$148$77$6
47 years$826$473$258$136$70$5
48 years$799$451$243$126$64$4
49 years$774$431$228$116$58$3
50 years$750$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $768,000, adding $2,765 every year, while hoping to spend $43,256 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: 42/33/25 Blend
56$768,000$768,000$768,000$768,000
57$849,188$808,484$796,580$878,535
58$889,781$802,076$777,241$893,402
59$933,065$793,904$755,805$905,166
60$979,269$783,836$732,156$917,056
61$1,028,642$771,732$706,171$929,108
62$1,081,461$757,444$677,725$941,366
63$1,138,026$740,815$646,684$953,880
64$1,198,667$721,677$612,911$966,711
65$1,263,748$699,856$576,261$979,927
66$1,333,666$675,165$536,581$993,609
67$1,408,857$647,405$493,713$1,007,851
68$1,489,801$616,369$447,494$1,022,758
69$1,577,025$581,835$397,749$1,038,454
70$1,671,106$543,569$344,298$1,055,080
71$1,772,680$501,326$286,953$1,072,794
72$1,882,445$454,842$225,518$1,091,779
73$2,001,168$403,843$159,786$1,112,242
74$2,129,692$348,036$89,544$1,134,417
75$2,268,945$287,114$14,568$1,158,567
76$2,419,945$220,750$0$1,184,993
77$2,583,813$148,601$0$1,231,488
78$2,761,783$70,303$0$1,286,255
79$2,955,209$0$0$1,345,900
80$3,165,585$0$0$1,416,248
81$3,394,550$0$0$1,520,681
82$3,643,912$0$0$1,634,507
83$3,915,656$0$0$1,758,642
84$4,211,971$0$0$1,894,097
85$4,535,262$0$0$2,041,985
86$4,888,180$0$0$2,203,530
87$5,273,640$0$0$2,380,081
88$5,694,854$0$0$2,573,121
89$6,155,356$0$0$2,784,285
90$6,659,037$0$0$3,015,372
91$7,210,182$0$0$3,268,363
92$7,813,510$0$0$3,545,440
93$8,474,215$0$0$3,849,006
94$9,198,020$0$0$4,181,706
95$9,991,226$0$0$4,546,454
96$10,860,770$0$0$4,946,461
97$11,814,298$0$0$5,385,261
98$12,860,225$0$0$5,866,748
99$14,007,825$0$0$6,395,211
100$15,267,309$0$0$6,975,373