Can I retire at age 57 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$63,834$63,265$62,710$62,169$61,640$60,669
2 years$31,601$31,012$30,442$29,889$29,352$28,376
3 years$20,858$20,267$19,698$19,150$18,622$17,672
4 years$15,488$14,898$14,335$13,797$13,282$12,364
5 years$12,266$11,680$11,125$10,597$10,096$9,215
6 years$10,119$9,538$8,990$8,475$7,989$7,144
7 years$8,586$8,010$7,471$6,967$6,497$5,689
8 years$7,437$6,866$6,336$5,845$5,390$4,618
9 years$6,544$5,978$5,457$4,978$4,539$3,804
10 years$5,830$5,269$4,758$4,291$3,868$3,168
11 years$5,246$4,691$4,189$3,735$3,326$2,662
12 years$4,759$4,210$3,717$3,276$2,882$2,252
13 years$4,348$3,805$3,321$2,892$2,514$1,917
14 years$3,996$3,459$2,984$2,567$2,203$1,639
15 years$3,691$3,160$2,694$2,290$1,940$1,407
16 years$3,425$2,899$2,443$2,050$1,715$1,211
17 years$3,190$2,670$2,223$1,842$1,520$1,046
18 years$2,981$2,467$2,029$1,660$1,352$905
19 years$2,795$2,286$1,858$1,500$1,205$785
20 years$2,627$2,125$1,705$1,359$1,076$682
21 years$2,476$1,979$1,568$1,233$963$594
22 years$2,338$1,847$1,445$1,121$863$517
23 years$2,213$1,728$1,334$1,021$775$451
24 years$2,098$1,619$1,234$931$697$394
25 years$1,993$1,519$1,143$850$627$344
26 years$1,896$1,428$1,060$778$565$301
27 years$1,806$1,344$984$712$509$263
28 years$1,723$1,266$915$652$459$230
29 years$1,646$1,194$852$598$415$202
30 years$1,573$1,128$793$549$375$177
31 years$1,506$1,066$739$504$339$155
32 years$1,443$1,009$690$463$306$136
33 years$1,384$956$644$426$277$119
34 years$1,329$906$602$392$251$105
35 years$1,277$859$563$361$227$92
36 years$1,228$815$526$332$206$81
37 years$1,181$774$493$306$187$71
38 years$1,138$736$461$282$169$62
39 years$1,096$700$432$260$154$54
40 years$1,057$666$405$240$139$48
41 years$1,020$634$380$221$126$42
42 years$984$604$356$204$115$37
43 years$950$575$334$189$104$32
44 years$918$548$314$174$94$28
45 years$888$523$295$161$86$25
46 years$859$499$277$149$78$22
47 years$831$476$260$137$71$19
48 years$804$454$244$127$64$17
49 years$779$434$230$117$58$15
50 years$755$414$216$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $773,000, adding $5,898 every year, while hoping to spend $40,532 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: 66/20/14 Blend
56$773,000$773,000$773,000$773,000
57$857,930$816,961$804,979$911,363
58$902,313$813,866$788,820$944,682
59$949,865$809,261$770,762$975,799
60$1,000,865$803,030$750,697$1,008,797
61$1,055,623$795,047$728,514$1,043,857
62$1,114,475$785,183$704,098$1,081,181
63$1,177,791$773,297$677,325$1,120,991
64$1,245,980$759,243$648,070$1,163,534
65$1,319,488$742,863$616,198$1,209,084
66$1,398,805$723,994$581,570$1,257,942
67$1,484,472$702,458$544,042$1,310,444
68$1,577,082$678,072$503,460$1,366,959
69$1,677,285$650,638$459,667$1,427,898
70$1,785,797$619,949$412,495$1,493,714
71$1,903,408$585,785$361,773$1,564,909
72$2,030,981$547,915$307,318$1,642,038
73$2,169,470$506,091$248,942$1,725,714
74$2,319,921$460,055$186,447$1,816,617
75$2,483,488$409,532$119,627$1,915,497
76$2,661,436$354,232$48,268$2,023,183
77$2,855,161$293,848$0$2,140,595
78$3,066,198$228,057$0$2,272,911
79$3,296,234$156,515$0$2,425,052
80$3,547,128$78,863$0$2,591,077
81$3,820,925$0$0$2,772,393
82$4,119,878$0$0$2,971,715
83$4,446,464$0$0$3,208,468
84$4,803,413$0$0$3,467,280
85$5,193,727$0$0$3,750,334
86$5,620,715$0$0$4,060,035
87$6,088,019$0$0$4,399,031
88$6,599,648$0$0$4,770,239
89$7,160,019$0$0$5,176,869
90$7,773,995$0$0$5,622,457
91$8,446,932$0$0$6,110,898
92$9,184,727$0$0$6,646,480
93$9,993,879$0$0$7,233,929
94$10,881,541$0$0$7,878,447
95$11,855,596$0$0$8,585,766
96$12,924,726$0$0$9,362,198
97$14,098,491$0$0$10,214,697
98$15,387,428$0$0$11,150,925
99$16,803,139$0$0$12,179,319
100$18,358,408$0$0$13,309,176