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%14.2%
1 years$63,586$63,019$62,467$61,928$61,401$60,334
2 years$31,478$30,892$30,324$29,773$29,239$28,167
3 years$20,777$20,188$19,621$19,076$18,550$17,508
4 years$15,427$14,840$14,279$13,743$13,230$12,224
5 years$12,219$11,635$11,081$10,556$10,057$9,091
6 years$10,080$9,501$8,955$8,442$7,958$7,033
7 years$8,553$7,979$7,442$6,940$6,472$5,588
8 years$7,408$6,839$6,311$5,822$5,369$4,526
9 years$6,519$5,955$5,436$4,959$4,522$3,719
10 years$5,807$5,249$4,739$4,275$3,853$3,090
11 years$5,225$4,673$4,172$3,720$3,313$2,590
12 years$4,741$4,194$3,703$3,263$2,871$2,185
13 years$4,331$3,790$3,308$2,881$2,504$1,855
14 years$3,981$3,445$2,972$2,557$2,195$1,582
15 years$3,677$3,147$2,684$2,281$1,933$1,354
16 years$3,411$2,888$2,433$2,042$1,708$1,163
17 years$3,177$2,659$2,214$1,835$1,514$1,001
18 years$2,970$2,457$2,021$1,654$1,347$864
19 years$2,784$2,277$1,850$1,494$1,200$747
20 years$2,617$2,116$1,698$1,353$1,072$647
21 years$2,466$1,971$1,562$1,228$959$562
22 years$2,329$1,840$1,440$1,117$860$488
23 years$2,204$1,721$1,329$1,017$772$424
24 years$2,090$1,612$1,229$928$694$369
25 years$1,985$1,513$1,139$847$624$322
26 years$1,888$1,422$1,056$775$562$280
27 years$1,799$1,338$981$709$507$244
28 years$1,716$1,261$912$650$457$213
29 years$1,639$1,190$848$596$413$186
30 years$1,567$1,124$790$547$373$163
31 years$1,500$1,062$737$502$337$142
32 years$1,438$1,005$687$461$305$124
33 years$1,379$952$642$424$276$108
34 years$1,324$902$600$390$250$95
35 years$1,272$856$561$359$227$83
36 years$1,223$812$524$331$205$73
37 years$1,177$771$491$305$186$63
38 years$1,133$733$460$281$169$56
39 years$1,092$697$431$259$153$49
40 years$1,053$663$404$239$139$42
41 years$1,016$631$378$221$126$37
42 years$980$601$355$204$114$33
43 years$947$573$333$188$104$28
44 years$915$546$313$173$94$25
45 years$884$521$294$160$85$22
46 years$855$497$276$148$78$19
47 years$828$474$259$137$70$17
48 years$801$453$243$126$64$15
49 years$776$432$229$117$58$13
50 years$752$413$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $770,000, adding $3,599 every year, while hoping to spend $33,570 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: 59/34/7 Blend
56$770,000$770,000$770,000$770,000
57$852,252$811,442$799,507$901,073
58$903,464$815,485$790,573$938,287
59$958,774$818,600$780,213$974,700
60$1,018,565$820,708$768,347$1,013,560
61$1,083,257$821,721$754,885$1,055,104
62$1,153,314$821,550$739,738$1,099,594
63$1,229,242$820,096$722,810$1,147,319
64$1,311,602$817,257$704,000$1,198,598
65$1,401,006$812,924$683,206$1,253,785
66$1,498,132$806,981$660,317$1,313,269
67$1,603,723$799,305$635,219$1,377,483
68$1,718,597$789,765$607,792$1,446,902
69$1,843,654$778,223$577,913$1,522,055
70$1,979,884$764,533$545,451$1,603,523
71$2,128,377$748,540$510,268$1,691,950
72$2,290,332$730,079$472,223$1,788,047
73$2,467,070$708,977$431,167$1,892,600
74$2,660,043$685,050$386,943$2,006,476
75$2,870,852$658,102$339,390$2,130,634
76$3,101,258$627,927$288,338$2,266,135
77$3,353,198$594,307$233,609$2,414,147
78$3,628,808$557,012$175,019$2,575,963
79$3,930,438$515,797$112,374$2,753,011
80$4,260,676$470,405$45,472$2,946,866
81$4,622,373$420,562$0$3,159,270
82$5,018,666$365,981$0$3,394,082
83$5,453,013$306,358$0$3,655,236
84$5,929,220$241,369$0$3,941,694
85$6,451,481$170,676$0$4,256,062
86$7,024,413$93,920$0$4,601,212
87$7,653,102$10,722$0$4,980,318
88$8,343,152$0$0$5,396,880
89$9,100,735$0$0$5,884,436
90$9,932,648$0$0$6,424,300
91$10,846,380$0$0$7,017,328
92$11,850,183$0$0$7,668,885
93$12,953,144$0$0$8,384,879
94$14,165,275$0$0$9,171,817
95$15,497,607$0$0$10,036,871
96$16,962,293$0$0$10,987,940
97$18,572,721$0$0$12,033,729
98$20,343,640$0$0$13,183,826
99$22,291,304$0$0$14,448,797
100$24,433,616$0$0$15,840,282