Can I retire at age 57 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$63,586$63,019$62,467$61,928$61,401$60,458
2 years$31,478$30,892$30,324$29,773$29,239$28,291
3 years$20,777$20,188$19,621$19,076$18,550$17,628
4 years$15,427$14,840$14,279$13,743$13,230$12,339
5 years$12,219$11,635$11,081$10,556$10,057$9,201
6 years$10,080$9,501$8,955$8,442$7,958$7,137
7 years$8,553$7,979$7,442$6,940$6,472$5,687
8 years$7,408$6,839$6,311$5,822$5,369$4,619
9 years$6,519$5,955$5,436$4,959$4,522$3,807
10 years$5,807$5,249$4,739$4,275$3,853$3,173
11 years$5,225$4,673$4,172$3,720$3,313$2,667
12 years$4,741$4,194$3,703$3,263$2,871$2,258
13 years$4,331$3,790$3,308$2,881$2,504$1,923
14 years$3,981$3,445$2,972$2,557$2,195$1,645
15 years$3,677$3,147$2,684$2,281$1,933$1,413
16 years$3,411$2,888$2,433$2,042$1,708$1,218
17 years$3,177$2,659$2,214$1,835$1,514$1,052
18 years$2,970$2,457$2,021$1,654$1,347$912
19 years$2,784$2,277$1,850$1,494$1,200$791
20 years$2,617$2,116$1,698$1,353$1,072$688
21 years$2,466$1,971$1,562$1,228$959$599
22 years$2,329$1,840$1,440$1,117$860$522
23 years$2,204$1,721$1,329$1,017$772$456
24 years$2,090$1,612$1,229$928$694$398
25 years$1,985$1,513$1,139$847$624$348
26 years$1,888$1,422$1,056$775$562$305
27 years$1,799$1,338$981$709$507$267
28 years$1,716$1,261$912$650$457$234
29 years$1,639$1,190$848$596$413$205
30 years$1,567$1,124$790$547$373$180
31 years$1,500$1,062$737$502$337$158
32 years$1,438$1,005$687$461$305$138
33 years$1,379$952$642$424$276$121
34 years$1,324$902$600$390$250$107
35 years$1,272$856$561$359$227$94
36 years$1,223$812$524$331$205$82
37 years$1,177$771$491$305$186$72
38 years$1,133$733$460$281$169$63
39 years$1,092$697$431$259$153$56
40 years$1,053$663$404$239$139$49
41 years$1,016$631$378$221$126$43
42 years$980$601$355$204$114$38
43 years$947$573$333$188$104$33
44 years$915$546$313$173$94$29
45 years$884$521$294$160$85$26
46 years$855$497$276$148$78$23
47 years$828$474$259$137$70$20
48 years$801$453$243$126$64$17
49 years$776$432$229$117$58$15
50 years$752$413$215$108$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $770,000, adding $2,150 every year, while hoping to spend $31,898 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: 48/25/27 Blend
56$770,000$770,000$770,000$770,000
57$850,758$809,948$798,013$884,951
58$903,596$815,696$790,807$914,937
59$960,754$820,657$782,291$944,172
60$1,022,640$824,758$772,386$975,296
61$1,089,701$827,922$761,013$1,008,504
62$1,162,428$830,069$748,085$1,044,012
63$1,241,364$831,110$733,513$1,082,058
64$1,327,102$830,954$717,205$1,122,906
65$1,420,299$829,502$699,063$1,166,851
66$1,521,672$826,651$678,985$1,214,216
67$1,632,016$822,290$656,865$1,265,364
68$1,752,202$816,302$632,590$1,320,692
69$1,883,188$808,563$606,043$1,380,644
70$2,026,032$798,941$577,104$1,445,710
71$2,181,894$787,296$545,644$1,516,431
72$2,352,055$773,481$511,531$1,593,409
73$2,537,921$757,339$474,624$1,677,309
74$2,741,044$738,703$434,778$1,768,866
75$2,963,129$717,398$391,842$1,868,895
76$3,206,055$693,237$345,656$1,978,297
77$3,471,892$666,025$296,054$2,098,068
78$3,762,916$635,552$242,864$2,229,309
79$4,081,638$601,598$185,903$2,373,241
80$4,430,818$563,929$124,984$2,531,210
81$4,813,499$522,300$59,910$2,704,705
82$5,233,033$476,449$0$2,895,375
83$5,693,108$426,101$0$3,107,785
84$6,197,790$370,964$0$3,359,797
85$6,751,554$310,732$0$3,636,420
86$7,359,333$245,078$0$3,940,177
87$8,026,557$173,659$0$4,273,851
88$8,759,210$96,113$0$4,640,510
89$9,563,884$12,056$0$5,043,540
90$10,447,837$0$0$5,486,675
91$11,419,070$0$0$5,995,743
92$12,486,393$0$0$6,558,913
93$13,659,515$0$0$7,178,002
94$14,949,130$0$0$7,858,666
95$16,367,020$0$0$8,607,135
96$17,926,167$0$0$9,430,275
97$19,640,872$0$0$10,335,649
98$21,526,895$0$0$11,331,591
99$23,601,595$0$0$12,427,283
100$25,884,101$0$0$13,632,842