Can I retire at age 57 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$63,503$62,938$62,386$61,847$61,321$60,555
2 years$31,437$30,852$30,284$29,734$29,201$28,430
3 years$20,750$20,162$19,596$19,051$18,526$17,774
4 years$15,407$14,821$14,261$13,725$13,213$12,486
5 years$12,203$11,620$11,067$10,542$10,044$9,344
6 years$10,067$9,489$8,944$8,431$7,948$7,276
7 years$8,542$7,969$7,432$6,931$6,464$5,820
8 years$7,399$6,830$6,303$5,815$5,362$4,747
9 years$6,510$5,947$5,429$4,953$4,516$3,928
10 years$5,800$5,242$4,733$4,269$3,848$3,287
11 years$5,219$4,667$4,167$3,716$3,309$2,776
12 years$4,735$4,189$3,698$3,259$2,868$2,361
13 years$4,326$3,785$3,304$2,877$2,501$2,020
14 years$3,975$3,441$2,969$2,554$2,192$1,736
15 years$3,672$3,143$2,680$2,278$1,930$1,498
16 years$3,407$2,884$2,430$2,040$1,706$1,297
17 years$3,173$2,656$2,211$1,832$1,512$1,127
18 years$2,966$2,454$2,019$1,651$1,345$981
19 years$2,780$2,274$1,848$1,492$1,199$856
20 years$2,614$2,114$1,696$1,351$1,071$748
21 years$2,463$1,969$1,560$1,227$958$655
22 years$2,326$1,838$1,438$1,115$859$574
23 years$2,202$1,719$1,327$1,016$771$504
24 years$2,087$1,610$1,228$926$693$443
25 years$1,983$1,511$1,137$846$624$389
26 years$1,886$1,420$1,055$774$562$342
27 years$1,797$1,337$979$708$506$302
28 years$1,714$1,260$910$649$457$266
29 years$1,637$1,188$847$595$413$234
30 years$1,565$1,122$789$546$373$207
31 years$1,498$1,061$736$501$337$182
32 years$1,436$1,004$686$461$305$161
33 years$1,377$951$641$424$276$142
34 years$1,322$901$599$390$250$125
35 years$1,270$855$560$359$226$111
36 years$1,221$811$524$331$205$98
37 years$1,175$770$490$305$186$86
38 years$1,132$732$459$281$168$76
39 years$1,090$696$430$259$153$68
40 years$1,051$662$403$239$139$60
41 years$1,014$630$378$220$126$53
42 years$979$600$355$203$114$47
43 years$946$572$333$188$104$41
44 years$914$545$312$173$94$37
45 years$883$520$293$160$85$32
46 years$854$496$275$148$77$29
47 years$827$473$259$137$70$25
48 years$800$452$243$126$64$22
49 years$775$432$229$117$58$20
50 years$751$412$215$108$53$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $769,000, adding $4,850 every year, while hoping to spend $57,979 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: 34/47/19 Blend
56$769,000$769,000$769,000$769,000
57$852,441$811,684$799,764$876,302
58$877,701$789,767$764,867$872,382
59$903,594$764,833$726,858$862,451
60$930,123$736,673$685,571$850,528
61$957,291$705,066$640,833$836,472
62$985,098$669,777$592,464$820,131
63$1,013,541$630,559$540,274$801,345
64$1,042,616$587,150$484,067$779,945
65$1,072,316$539,274$423,637$755,752
66$1,102,631$486,637$358,768$728,576
67$1,133,548$428,931$289,235$698,215
68$1,165,050$365,828$214,804$664,455
69$1,197,115$296,983$135,229$627,071
70$1,229,717$222,032$50,256$585,822
71$1,262,825$140,589$0$540,456
72$1,296,402$52,247$0$498,897
73$1,330,404$0$0$464,072
74$1,364,781$0$0$447,995
75$1,399,471$0$0$458,998
76$1,434,408$0$0$470,029
77$1,469,513$0$0$481,058
78$1,504,695$0$0$492,050
79$1,539,853$0$0$502,963
80$1,574,869$0$0$513,753
81$1,609,613$0$0$524,366
82$1,643,935$0$0$534,746
83$1,677,667$0$0$544,827
84$1,710,621$0$0$554,536
85$1,742,583$0$0$563,790
86$1,773,317$0$0$572,498
87$1,802,554$0$0$580,557
88$1,829,996$0$0$587,852
89$1,855,311$0$0$594,256
90$1,878,125$0$0$599,626
91$1,898,024$0$0$603,803
92$1,914,546$0$0$606,612
93$1,927,174$0$0$607,856
94$1,935,337$0$0$607,316
95$1,938,397$0$0$604,752
96$1,935,648$0$0$599,893
97$1,926,304$0$0$592,444
98$1,909,493$0$0$582,072
99$1,884,249$0$0$568,412
100$1,849,499$0$0$551,058