Can I retire at age 57 with 770,000?

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 $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%13.9%
1 years$63,586$63,019$62,467$61,928$61,401$60,409
2 years$31,478$30,892$30,324$29,773$29,239$28,241
3 years$20,777$20,188$19,621$19,076$18,550$17,579
4 years$15,427$14,840$14,279$13,743$13,230$12,293
5 years$12,219$11,635$11,081$10,556$10,057$9,157
6 years$10,080$9,501$8,955$8,442$7,958$7,095
7 years$8,553$7,979$7,442$6,940$6,472$5,647
8 years$7,408$6,839$6,311$5,822$5,369$4,582
9 years$6,519$5,955$5,436$4,959$4,522$3,772
10 years$5,807$5,249$4,739$4,275$3,853$3,139
11 years$5,225$4,673$4,172$3,720$3,313$2,636
12 years$4,741$4,194$3,703$3,263$2,871$2,229
13 years$4,331$3,790$3,308$2,881$2,504$1,895
14 years$3,981$3,445$2,972$2,557$2,195$1,619
15 years$3,677$3,147$2,684$2,281$1,933$1,389
16 years$3,411$2,888$2,433$2,042$1,708$1,195
17 years$3,177$2,659$2,214$1,835$1,514$1,032
18 years$2,970$2,457$2,021$1,654$1,347$892
19 years$2,784$2,277$1,850$1,494$1,200$773
20 years$2,617$2,116$1,698$1,353$1,072$672
21 years$2,466$1,971$1,562$1,228$959$584
22 years$2,329$1,840$1,440$1,117$860$508
23 years$2,204$1,721$1,329$1,017$772$443
24 years$2,090$1,612$1,229$928$694$386
25 years$1,985$1,513$1,139$847$624$337
26 years$1,888$1,422$1,056$775$562$295
27 years$1,799$1,338$981$709$507$258
28 years$1,716$1,261$912$650$457$225
29 years$1,639$1,190$848$596$413$197
30 years$1,567$1,124$790$547$373$173
31 years$1,500$1,062$737$502$337$151
32 years$1,438$1,005$687$461$305$132
33 years$1,379$952$642$424$276$116
34 years$1,324$902$600$390$250$102
35 years$1,272$856$561$359$227$89
36 years$1,223$812$524$331$205$78
37 years$1,177$771$491$305$186$69
38 years$1,133$733$460$281$169$60
39 years$1,092$697$431$259$153$53
40 years$1,053$663$404$239$139$46
41 years$1,016$631$378$221$126$41
42 years$980$601$355$204$114$36
43 years$947$573$333$188$104$31
44 years$915$546$313$173$94$27
45 years$884$521$294$160$85$24
46 years$855$497$276$148$78$21
47 years$828$474$259$137$70$19
48 years$801$453$243$126$64$16
49 years$776$432$229$117$58$14
50 years$752$413$215$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $770,000, adding $3,842 every year, while hoping to spend $33,273 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: 50/27/23 Blend
56$770,000$770,000$770,000$770,000
57$852,503$811,693$799,758$889,446
58$904,056$816,064$791,148$919,875
59$959,752$819,534$781,134$949,246
60$1,019,980$822,023$769,634$980,486
61$1,085,163$823,448$756,563$1,013,784
62$1,155,772$823,719$741,829$1,049,352
63$1,232,320$822,740$725,340$1,087,424
64$1,315,374$820,412$706,996$1,128,260
65$1,405,556$816,626$686,694$1,172,149
66$1,503,551$811,269$664,327$1,219,410
67$1,610,112$804,220$639,781$1,270,397
68$1,726,069$795,352$612,939$1,325,503
69$1,852,332$784,529$583,677$1,385,162
70$1,989,905$771,606$551,865$1,449,856
71$2,139,894$756,433$517,371$1,520,119
72$2,303,511$738,847$480,051$1,596,540
73$2,482,097$718,677$439,760$1,679,775
74$2,677,122$695,744$396,344$1,770,546
75$2,890,209$669,856$349,641$1,869,654
76$3,123,141$640,809$299,485$1,977,986
77$3,377,882$608,390$245,699$2,096,522
78$3,656,598$572,373$188,101$2,226,347
79$3,961,669$532,517$126,501$2,368,658
80$4,295,718$488,569$60,697$2,524,784
81$4,661,633$440,261$0$2,696,190
82$5,062,597$387,311$0$2,886,835
83$5,502,111$329,418$0$3,112,221
84$5,984,034$266,267$0$3,359,473
85$6,512,615$197,525$0$3,630,838
86$7,092,536$122,837$0$3,928,793
87$7,728,950$41,832$0$4,256,074
88$8,427,538$0$0$4,615,698
89$9,194,555$0$0$5,024,625
90$10,036,890$0$0$5,487,443
91$10,962,135$0$0$5,995,902
92$11,978,651$0$0$6,554,609
93$13,095,651$0$0$7,168,639
94$14,323,284$0$0$7,843,582
95$15,672,729$0$0$8,585,596
96$17,156,304$0$0$9,401,469
97$18,787,579$0$0$10,298,675
98$20,581,507$0$0$11,285,451
99$22,554,560$0$0$12,370,871
100$24,724,887$0$0$13,564,936