Can I retire at age 57 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$63,668$63,101$62,548$62,008$61,481$60,612
2 years$31,519$30,932$30,363$29,812$29,276$28,403
3 years$20,804$20,214$19,647$19,101$18,574$17,723
4 years$15,447$14,860$14,298$13,761$13,247$12,425
5 years$12,234$11,650$11,096$10,570$10,070$9,279
6 years$10,093$9,513$8,967$8,453$7,968$7,210
7 years$8,564$7,989$7,452$6,949$6,480$5,754
8 years$7,418$6,848$6,320$5,830$5,376$4,682
9 years$6,527$5,963$5,443$4,966$4,527$3,866
10 years$5,815$5,256$4,745$4,280$3,858$3,227
11 years$5,232$4,679$4,178$3,725$3,318$2,718
12 years$4,747$4,200$3,708$3,268$2,875$2,306
13 years$4,337$3,795$3,313$2,885$2,507$1,967
14 years$3,986$3,450$2,976$2,561$2,198$1,687
15 years$3,682$3,151$2,687$2,284$1,935$1,452
16 years$3,416$2,891$2,436$2,045$1,710$1,254
17 years$3,182$2,663$2,217$1,837$1,516$1,086
18 years$2,973$2,461$2,024$1,656$1,348$943
19 years$2,788$2,280$1,853$1,496$1,202$820
20 years$2,620$2,119$1,700$1,355$1,073$715
21 years$2,469$1,974$1,564$1,230$961$624
22 years$2,332$1,842$1,441$1,118$861$545
23 years$2,207$1,723$1,331$1,018$773$477
24 years$2,093$1,615$1,231$929$695$418
25 years$1,988$1,515$1,140$848$625$366
26 years$1,891$1,424$1,057$776$563$321
27 years$1,801$1,340$982$710$508$282
28 years$1,718$1,263$913$650$458$247
29 years$1,641$1,191$849$596$414$217
30 years$1,569$1,125$791$547$374$191
31 years$1,502$1,064$738$503$338$168
32 years$1,440$1,006$688$462$306$148
33 years$1,381$953$643$425$277$130
34 years$1,325$903$600$391$250$115
35 years$1,274$857$561$360$227$101
36 years$1,225$813$525$331$206$89
37 years$1,178$772$491$305$186$78
38 years$1,135$734$460$281$169$69
39 years$1,093$698$431$260$153$61
40 years$1,054$664$404$239$139$53
41 years$1,017$632$379$221$126$47
42 years$982$602$355$204$114$42
43 years$948$574$334$188$104$37
44 years$916$547$313$174$94$32
45 years$886$521$294$160$86$28
46 years$857$497$276$148$78$25
47 years$829$475$259$137$71$22
48 years$802$453$244$127$64$19
49 years$777$433$229$117$58$17
50 years$753$413$215$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $771,000, adding $5,187 every year, while hoping to spend $40,546 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: 46/43/11 Blend
56$771,000$771,000$771,000$771,000
57$854,992$814,129$802,179$891,454
58$899,061$810,881$785,911$913,955
59$946,266$806,115$767,740$933,765
60$996,883$799,713$747,558$954,343
61$1,051,218$791,552$725,254$975,773
62$1,109,604$781,499$700,711$998,152
63$1,172,407$769,416$673,808$1,021,589
64$1,240,028$755,153$644,417$1,046,207
65$1,312,910$738,555$612,404$1,072,143
66$1,391,538$719,455$577,630$1,099,554
67$1,476,444$697,677$539,950$1,128,612
68$1,568,214$673,036$499,211$1,159,515
69$1,667,491$645,335$455,254$1,192,481
70$1,774,984$614,364$407,913$1,227,756
71$1,891,469$579,905$357,015$1,265,616
72$2,017,801$541,723$302,378$1,306,368
73$2,154,922$499,572$243,812$1,350,357
74$2,303,865$453,192$181,121$1,397,966
75$2,465,769$402,308$114,098$1,449,626
76$2,641,884$346,628$42,527$1,505,816
77$2,833,588$285,844$0$1,567,068
78$3,042,396$219,633$0$1,637,951
79$3,269,975$147,650$0$1,720,740
80$3,518,162$69,534$0$1,811,206
81$3,788,974$0$0$1,910,198
82$4,084,637$0$0$2,025,806
83$4,407,596$0$0$2,188,110
84$4,760,547$0$0$2,365,573
85$5,146,454$0$0$2,559,696
86$5,568,585$0$0$2,772,135
87$6,030,535$0$0$3,004,710
88$6,536,263$0$0$3,259,426
89$7,090,130$0$0$3,538,493
90$7,696,937$0$0$3,844,343
91$8,361,972$0$0$4,179,655
92$9,091,059$0$0$4,547,379
93$9,890,612$0$0$4,950,765
94$10,767,696$0$0$5,393,393
95$11,730,092$0$0$5,879,204
96$12,786,371$0$0$6,412,542
97$13,945,975$0$0$6,998,191
98$15,219,303$0$0$7,641,421
99$16,617,812$0$0$8,348,036
100$18,154,122$0$0$9,124,433