Can I retire at age 57 with 771,000?

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 $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%19.2%
1 years$63,668$63,101$62,548$62,008$61,481$59,205
2 years$31,519$30,932$30,363$29,812$29,276$27,010
3 years$20,804$20,214$19,647$19,101$18,574$16,387
4 years$15,447$14,860$14,298$13,761$13,247$11,157
5 years$12,234$11,650$11,096$10,570$10,070$8,082
6 years$10,093$9,513$8,967$8,453$7,968$6,084
7 years$8,564$7,989$7,452$6,949$6,480$4,699
8 years$7,418$6,848$6,320$5,830$5,376$3,696
9 years$6,527$5,963$5,443$4,966$4,527$2,946
10 years$5,815$5,256$4,745$4,280$3,858$2,373
11 years$5,232$4,679$4,178$3,725$3,318$1,926
12 years$4,747$4,200$3,708$3,268$2,875$1,573
13 years$4,337$3,795$3,313$2,885$2,507$1,291
14 years$3,986$3,450$2,976$2,561$2,198$1,063
15 years$3,682$3,151$2,687$2,284$1,935$879
16 years$3,416$2,891$2,436$2,045$1,710$728
17 years$3,182$2,663$2,217$1,837$1,516$605
18 years$2,973$2,461$2,024$1,656$1,348$503
19 years$2,788$2,280$1,853$1,496$1,202$419
20 years$2,620$2,119$1,700$1,355$1,073$349
21 years$2,469$1,974$1,564$1,230$961$292
22 years$2,332$1,842$1,441$1,118$861$244
23 years$2,207$1,723$1,331$1,018$773$204
24 years$2,093$1,615$1,231$929$695$170
25 years$1,988$1,515$1,140$848$625$143
26 years$1,891$1,424$1,057$776$563$119
27 years$1,801$1,340$982$710$508$100
28 years$1,718$1,263$913$650$458$84
29 years$1,641$1,191$849$596$414$70
30 years$1,569$1,125$791$547$374$59
31 years$1,502$1,064$738$503$338$49
32 years$1,440$1,006$688$462$306$41
33 years$1,381$953$643$425$277$35
34 years$1,325$903$600$391$250$29
35 years$1,274$857$561$360$227$24
36 years$1,225$813$525$331$206$20
37 years$1,178$772$491$305$186$17
38 years$1,135$734$460$281$169$14
39 years$1,093$698$431$260$153$12
40 years$1,054$664$404$239$139$10
41 years$1,017$632$379$221$126$8
42 years$982$602$355$204$114$7
43 years$948$574$334$188$104$6
44 years$916$547$313$174$94$5
45 years$886$521$294$160$86$4
46 years$857$497$276$148$78$4
47 years$829$475$259$137$71$3
48 years$802$453$244$127$64$2
49 years$777$433$229$117$58$2
50 years$753$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $771,000, adding $2,113 every year, while hoping to spend $24,643 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: 48/22/30 Blend
56$771,000$771,000$771,000$771,000
57$851,822$810,959$799,008$885,313
58$912,487$824,476$799,555$922,674
59$978,515$837,829$799,294$960,658
60$1,050,426$850,985$798,173$1,001,444
61$1,128,793$863,906$796,135$1,045,308
62$1,214,247$876,555$793,122$1,092,558
63$1,307,482$888,888$789,074$1,143,532
64$1,409,262$900,861$783,925$1,198,604
65$1,520,429$912,426$777,609$1,258,187
66$1,641,910$923,531$770,055$1,322,738
67$1,774,722$934,122$761,190$1,392,760
68$1,919,990$944,140$750,936$1,468,809
69$2,078,949$953,522$739,212$1,551,501
70$2,252,960$962,203$725,934$1,641,513
71$2,443,521$970,111$711,012$1,739,595
72$2,652,284$977,170$694,355$1,846,573
73$2,881,066$983,300$675,864$1,963,360
74$3,131,868$988,415$655,439$2,090,964
75$3,406,895$992,424$632,974$2,230,497
76$3,708,576$995,230$608,356$2,383,186
77$4,039,585$996,731$581,470$2,550,388
78$4,402,868$996,816$552,194$2,733,597
79$4,801,670$995,369$520,402$2,934,463
80$5,239,566$992,268$485,961$3,154,809
81$5,720,493$987,380$448,732$3,396,643
82$6,248,789$980,568$408,570$3,662,184
83$6,829,232$971,683$365,325$3,953,878
84$7,467,088$960,569$318,837$4,274,425
85$8,168,155$947,060$268,942$4,626,803
86$8,938,822$930,982$215,467$5,014,298
87$9,786,130$912,148$158,233$5,440,535
88$10,717,832$890,360$97,051$5,909,512
89$11,742,474$865,411$31,725$6,425,641
90$12,869,469$837,079$0$6,993,786
91$14,109,190$805,131$0$7,631,474
92$15,473,063$769,318$0$8,344,092
93$16,973,681$729,380$0$9,128,072
94$18,624,917$685,040$0$9,990,689
95$20,442,056$636,004$0$10,939,961
96$22,441,941$581,964$0$11,984,723
97$24,643,130$522,591$0$13,134,718
98$27,066,072$457,541$0$14,400,680
99$29,733,299$386,448$0$15,794,443
100$32,669,637$308,926$0$17,329,050