Can I retire at age 57 with 772,000?

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 $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%17.9%
1 years$63,751$63,183$62,629$62,088$61,560$59,590
2 years$31,560$30,972$30,403$29,850$29,314$27,347
3 years$20,831$20,241$19,672$19,125$18,598$16,696
4 years$15,468$14,879$14,316$13,779$13,264$11,442
5 years$12,250$11,665$11,110$10,583$10,083$8,346
6 years$10,106$9,526$8,979$8,464$7,979$6,327
7 years$8,575$8,000$7,461$6,958$6,489$4,923
8 years$7,428$6,857$6,328$5,837$5,383$3,902
9 years$6,535$5,970$5,450$4,972$4,533$3,136
10 years$5,822$5,263$4,752$4,286$3,863$2,546
11 years$5,239$4,685$4,183$3,730$3,322$2,084
12 years$4,753$4,205$3,712$3,272$2,879$1,717
13 years$4,343$3,800$3,317$2,888$2,510$1,421
14 years$3,991$3,454$2,980$2,564$2,201$1,182
15 years$3,686$3,155$2,691$2,287$1,938$986
16 years$3,420$2,895$2,440$2,047$1,712$824
17 years$3,186$2,666$2,220$1,840$1,518$691
18 years$2,977$2,464$2,026$1,658$1,350$580
19 years$2,791$2,283$1,855$1,498$1,203$488
20 years$2,624$2,122$1,703$1,357$1,075$411
21 years$2,473$1,976$1,566$1,231$962$347
22 years$2,335$1,845$1,443$1,120$862$293
23 years$2,210$1,725$1,333$1,020$774$247
24 years$2,096$1,617$1,232$930$696$209
25 years$1,990$1,517$1,142$849$626$177
26 years$1,893$1,426$1,059$777$564$150
27 years$1,804$1,342$983$711$508$127
28 years$1,721$1,264$914$651$459$107
29 years$1,643$1,193$850$597$414$91
30 years$1,571$1,127$792$548$374$77
31 years$1,504$1,065$739$503$338$65
32 years$1,441$1,008$689$463$306$55
33 years$1,383$954$643$425$277$47
34 years$1,327$904$601$391$251$40
35 years$1,275$858$562$360$227$34
36 years$1,226$814$526$332$206$28
37 years$1,180$773$492$306$187$24
38 years$1,136$735$461$282$169$20
39 years$1,095$699$432$260$153$17
40 years$1,055$665$405$240$139$15
41 years$1,018$633$379$221$126$12
42 years$983$603$356$204$115$11
43 years$949$574$334$188$104$9
44 years$917$547$314$174$94$8
45 years$887$522$294$161$86$6
46 years$858$498$276$148$78$5
47 years$830$475$260$137$71$5
48 years$803$454$244$127$64$4
49 years$778$433$229$117$58$3
50 years$754$414$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $772,000, adding $3,796 every year, while hoping to spend $42,579 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: 53/22/25 Blend
56$772,000$772,000$772,000$772,000
57$854,660$813,744$801,778$893,841
58$896,531$808,313$783,333$915,881
59$941,247$801,190$762,844$935,164
60$989,051$792,245$740,197$955,277
61$1,040,213$781,344$715,272$976,314
62$1,095,027$768,343$687,946$998,383
63$1,153,817$753,088$658,090$1,021,603
64$1,216,937$735,420$625,566$1,046,110
65$1,284,776$715,168$590,234$1,072,056
66$1,357,762$692,149$551,946$1,099,608
67$1,436,363$666,174$510,545$1,128,959
68$1,521,095$637,040$465,872$1,160,320
69$1,612,524$604,532$417,756$1,193,928
70$1,711,271$568,424$366,020$1,230,049
71$1,818,020$528,476$310,481$1,268,979
72$1,933,522$484,435$250,946$1,311,049
73$2,058,602$436,033$187,213$1,356,628
74$2,194,167$382,987$119,073$1,406,125
75$2,341,217$324,997$46,306$1,459,998
76$2,500,847$261,749$0$1,518,757
77$2,674,266$192,907$0$1,591,329
78$2,862,801$118,119$0$1,683,709
79$3,067,913$37,013$0$1,784,298
80$3,291,210$0$0$1,893,944
81$3,534,459$0$0$2,025,881
82$3,799,608$0$0$2,179,532
83$4,088,797$0$0$2,347,187
84$4,404,385$0$0$2,530,220
85$4,748,967$0$0$2,730,147
86$5,125,399$0$0$2,948,635
87$5,536,827$0$0$3,187,519
88$5,986,712$0$0$3,448,820
89$6,478,867$0$0$3,734,763
90$7,017,490$0$0$4,047,798
91$7,607,202$0$0$4,390,624
92$8,253,093$0$0$4,766,211
93$8,960,769$0$0$5,177,833
94$9,736,402$0$0$5,629,092
95$10,586,792$0$0$6,123,957
96$11,519,425$0$0$6,666,801
97$12,542,550$0$0$7,262,438
98$13,665,250$0$0$7,916,173
99$14,897,531$0$0$8,633,847
100$16,250,415$0$0$9,421,895