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%13.5%
1 years$63,834$63,265$62,710$62,169$61,640$60,744
2 years$31,601$31,012$30,442$29,889$29,352$28,452
3 years$20,858$20,267$19,698$19,150$18,622$17,745
4 years$15,488$14,898$14,335$13,797$13,282$12,434
5 years$12,266$11,680$11,125$10,597$10,096$9,281
6 years$10,119$9,538$8,990$8,475$7,989$7,207
7 years$8,586$8,010$7,471$6,967$6,497$5,749
8 years$7,437$6,866$6,336$5,845$5,390$4,675
9 years$6,544$5,978$5,457$4,978$4,539$3,858
10 years$5,830$5,269$4,758$4,291$3,868$3,219
11 years$5,246$4,691$4,189$3,735$3,326$2,709
12 years$4,759$4,210$3,717$3,276$2,882$2,297
13 years$4,348$3,805$3,321$2,892$2,514$1,958
14 years$3,996$3,459$2,984$2,567$2,203$1,678
15 years$3,691$3,160$2,694$2,290$1,940$1,443
16 years$3,425$2,899$2,443$2,050$1,715$1,245
17 years$3,190$2,670$2,223$1,842$1,520$1,078
18 years$2,981$2,467$2,029$1,660$1,352$935
19 years$2,795$2,286$1,858$1,500$1,205$813
20 years$2,627$2,125$1,705$1,359$1,076$708
21 years$2,476$1,979$1,568$1,233$963$617
22 years$2,338$1,847$1,445$1,121$863$539
23 years$2,213$1,728$1,334$1,021$775$471
24 years$2,098$1,619$1,234$931$697$412
25 years$1,993$1,519$1,143$850$627$361
26 years$1,896$1,428$1,060$778$565$317
27 years$1,806$1,344$984$712$509$278
28 years$1,723$1,266$915$652$459$244
29 years$1,646$1,194$852$598$415$214
30 years$1,573$1,128$793$549$375$188
31 years$1,506$1,066$739$504$339$165
32 years$1,443$1,009$690$463$306$145
33 years$1,384$956$644$426$277$128
34 years$1,329$906$602$392$251$112
35 years$1,277$859$563$361$227$99
36 years$1,228$815$526$332$206$87
37 years$1,181$774$493$306$187$76
38 years$1,138$736$461$282$169$67
39 years$1,096$700$432$260$154$59
40 years$1,057$666$405$240$139$52
41 years$1,020$634$380$221$126$46
42 years$984$604$356$204$115$40
43 years$950$575$334$189$104$36
44 years$918$548$314$174$94$31
45 years$888$523$295$161$86$28
46 years$859$499$277$149$78$24
47 years$831$476$260$137$71$21
48 years$804$454$244$127$64$19
49 years$779$434$230$117$58$17
50 years$755$414$216$108$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $773,000, adding $3,850 every year, while hoping to spend $37,248 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: 30/48/22 Blend
56$773,000$773,000$773,000$773,000
57$855,817$814,848$802,867$875,529
58$903,479$815,144$790,131$891,221
59$954,754$814,206$775,721$904,500
60$1,009,971$811,935$759,540$918,011
61$1,069,492$808,224$741,488$931,798
62$1,133,714$802,960$721,462$945,910
63$1,203,074$796,026$699,352$960,409
64$1,278,050$787,294$675,043$975,362
65$1,359,170$776,631$648,416$990,849
66$1,447,014$763,894$619,346$1,006,962
67$1,542,217$748,932$587,702$1,023,807
68$1,645,481$731,588$553,347$1,041,503
69$1,757,575$711,691$516,140$1,060,188
70$1,879,348$689,063$475,930$1,080,017
71$2,011,729$663,516$432,562$1,101,170
72$2,155,745$634,848$385,873$1,123,846
73$2,312,524$602,848$335,692$1,148,273
74$2,483,306$567,292$281,842$1,174,709
75$2,669,458$527,944$224,138$1,203,444
76$2,872,482$484,552$162,386$1,234,805
77$3,094,032$436,853$96,384$1,269,159
78$3,335,931$384,566$25,919$1,306,920
79$3,600,181$327,395$0$1,348,551
80$3,888,991$265,029$0$1,406,141
81$4,204,790$197,136$0$1,475,949
82$4,550,252$123,370$0$1,552,594
83$4,928,323$43,361$0$1,636,862
84$5,342,247$0$0$1,729,630
85$5,795,595$0$0$1,854,733
86$6,292,301$0$0$2,017,013
87$6,836,695$0$0$2,194,998
88$7,433,549$0$0$2,390,264
89$8,088,117$0$0$2,604,545
90$8,806,186$0$0$2,839,753
91$9,594,129$0$0$3,097,993
92$10,458,969$0$0$3,381,583
93$11,408,438$0$0$3,693,079
94$12,451,058$0$0$4,035,295
95$13,596,212$0$0$4,411,330
96$14,854,238$0$0$4,824,601
97$16,236,526$0$0$5,278,870
98$17,755,624$0$0$5,778,282
99$19,425,353$0$0$6,327,405
100$21,260,941$0$0$6,931,271