Can I retire at age 57 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$63,751$63,183$62,629$62,088$61,560$61,301
2 years$31,560$30,972$30,403$29,850$29,314$29,053
3 years$20,831$20,241$19,672$19,125$18,598$18,342
4 years$15,468$14,879$14,316$13,779$13,264$13,016
5 years$12,250$11,665$11,110$10,583$10,083$9,843
6 years$10,106$9,526$8,979$8,464$7,979$7,747
7 years$8,575$8,000$7,461$6,958$6,489$6,266
8 years$7,428$6,857$6,328$5,837$5,383$5,169
9 years$6,535$5,970$5,450$4,972$4,533$4,328
10 years$5,822$5,263$4,752$4,286$3,863$3,666
11 years$5,239$4,685$4,183$3,730$3,322$3,134
12 years$4,753$4,205$3,712$3,272$2,879$2,699
13 years$4,343$3,800$3,317$2,888$2,510$2,339
14 years$3,991$3,454$2,980$2,564$2,201$2,037
15 years$3,686$3,155$2,691$2,287$1,938$1,782
16 years$3,420$2,895$2,440$2,047$1,712$1,564
17 years$3,186$2,666$2,220$1,840$1,518$1,378
18 years$2,977$2,464$2,026$1,658$1,350$1,216
19 years$2,791$2,283$1,855$1,498$1,203$1,077
20 years$2,624$2,122$1,703$1,357$1,075$955
21 years$2,473$1,976$1,566$1,231$962$848
22 years$2,335$1,845$1,443$1,120$862$755
23 years$2,210$1,725$1,333$1,020$774$673
24 years$2,096$1,617$1,232$930$696$600
25 years$1,990$1,517$1,142$849$626$536
26 years$1,893$1,426$1,059$777$564$479
27 years$1,804$1,342$983$711$508$428
28 years$1,721$1,264$914$651$459$384
29 years$1,643$1,193$850$597$414$344
30 years$1,571$1,127$792$548$374$308
31 years$1,504$1,065$739$503$338$276
32 years$1,441$1,008$689$463$306$248
33 years$1,383$954$643$425$277$222
34 years$1,327$904$601$391$251$200
35 years$1,275$858$562$360$227$179
36 years$1,226$814$526$332$206$161
37 years$1,180$773$492$306$187$145
38 years$1,136$735$461$282$169$130
39 years$1,095$699$432$260$153$117
40 years$1,055$665$405$240$139$105
41 years$1,018$633$379$221$126$95
42 years$983$603$356$204$115$85
43 years$949$574$334$188$104$77
44 years$917$547$314$174$94$69
45 years$887$522$294$161$86$62
46 years$858$498$276$148$78$56
47 years$830$475$260$137$71$50
48 years$803$454$244$127$64$45
49 years$778$433$229$117$58$41
50 years$754$414$216$108$53$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $772,000, adding $5,534 every year, while hoping to spend $52,818 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: 65/16/19 Blend
56$772,000$772,000$772,000$772,000
57$856,452$815,536$803,570$907,690
58$887,613$799,300$774,292$926,519
59$920,181$780,497$742,263$940,545
60$954,245$758,947$707,334$954,617
61$989,900$734,458$669,352$968,740
62$1,027,250$706,826$628,155$982,922
63$1,066,405$675,836$583,574$997,174
64$1,107,486$641,260$535,432$1,011,511
65$1,150,626$602,858$483,544$1,025,949
66$1,195,966$560,374$427,720$1,040,511
67$1,243,662$513,540$367,756$1,055,223
68$1,293,883$462,071$303,443$1,070,118
69$1,346,813$405,667$234,562$1,085,233
70$1,402,652$344,008$160,884$1,100,614
71$1,461,617$276,759$82,169$1,116,314
72$1,523,948$203,567$0$1,132,395
73$1,589,904$124,055$0$1,149,302
74$1,659,769$37,828$0$1,184,547
75$1,733,852$0$0$1,221,606
76$1,812,492$0$0$1,270,425
77$1,896,060$0$0$1,329,408
78$1,984,961$0$0$1,392,182
79$2,079,638$0$0$1,459,065
80$2,180,577$0$0$1,530,404
81$2,288,309$0$0$1,606,579
82$2,403,418$0$0$1,688,007
83$2,526,541$0$0$1,775,142
84$2,658,378$0$0$1,868,487
85$2,799,699$0$0$1,968,590
86$2,951,344$0$0$2,076,053
87$3,114,238$0$0$2,191,538
88$3,289,396$0$0$2,315,769
89$3,477,932$0$0$2,449,543
90$3,681,068$0$0$2,593,736
91$3,900,148$0$0$2,749,309
92$4,136,648$0$0$2,917,316
93$4,392,190$0$0$3,098,919
94$4,668,556$0$0$3,295,393
95$4,967,704$0$0$3,508,139
96$5,291,789$0$0$3,738,699
97$5,643,178$0$0$3,988,766
98$6,024,474$0$0$4,260,206
99$6,438,542$0$0$4,555,066
100$6,888,532$0$0$4,875,603