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%16.9%
1 years$63,834$63,265$62,710$62,169$61,640$59,907
2 years$31,601$31,012$30,442$29,889$29,352$27,620
3 years$20,858$20,267$19,698$19,150$18,622$16,944
4 years$15,488$14,898$14,335$13,797$13,282$11,671
5 years$12,266$11,680$11,125$10,597$10,096$8,557
6 years$10,119$9,538$8,990$8,475$7,989$6,523
7 years$8,586$8,010$7,471$6,967$6,497$5,105
8 years$7,437$6,866$6,336$5,845$5,390$4,070
9 years$6,544$5,978$5,457$4,978$4,539$3,290
10 years$5,830$5,269$4,758$4,291$3,868$2,688
11 years$5,246$4,691$4,189$3,735$3,326$2,215
12 years$4,759$4,210$3,717$3,276$2,882$1,836
13 years$4,348$3,805$3,321$2,892$2,514$1,531
14 years$3,996$3,459$2,984$2,567$2,203$1,282
15 years$3,691$3,160$2,694$2,290$1,940$1,077
16 years$3,425$2,899$2,443$2,050$1,715$907
17 years$3,190$2,670$2,223$1,842$1,520$766
18 years$2,981$2,467$2,029$1,660$1,352$648
19 years$2,795$2,286$1,858$1,500$1,205$549
20 years$2,627$2,125$1,705$1,359$1,076$466
21 years$2,476$1,979$1,568$1,233$963$396
22 years$2,338$1,847$1,445$1,121$863$337
23 years$2,213$1,728$1,334$1,021$775$287
24 years$2,098$1,619$1,234$931$697$244
25 years$1,993$1,519$1,143$850$627$208
26 years$1,896$1,428$1,060$778$565$178
27 years$1,806$1,344$984$712$509$152
28 years$1,723$1,266$915$652$459$129
29 years$1,646$1,194$852$598$415$111
30 years$1,573$1,128$793$549$375$94
31 years$1,506$1,066$739$504$339$81
32 years$1,443$1,009$690$463$306$69
33 years$1,384$956$644$426$277$59
34 years$1,329$906$602$392$251$50
35 years$1,277$859$563$361$227$43
36 years$1,228$815$526$332$206$37
37 years$1,181$774$493$306$187$31
38 years$1,138$736$461$282$169$27
39 years$1,096$700$432$260$154$23
40 years$1,057$666$405$240$139$20
41 years$1,020$634$380$221$126$17
42 years$984$604$356$204$115$14
43 years$950$575$334$189$104$12
44 years$918$548$314$174$94$11
45 years$888$523$295$161$86$9
46 years$859$499$277$149$78$8
47 years$831$476$260$137$71$7
48 years$804$454$244$127$64$6
49 years$779$434$230$117$58$5
50 years$755$414$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $773,000, adding $6,863 every year, while hoping to spend $55,782 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: 46/26/28 Blend
56$773,000$773,000$773,000$773,000
57$858,925$817,956$805,975$891,240
58$887,184$798,684$773,623$895,533
59$916,456$776,599$738,318$894,260
60$946,784$751,502$699,902$891,806
61$978,217$723,187$658,210$888,090
62$1,010,805$691,433$613,070$883,027
63$1,044,600$656,006$564,300$876,530
64$1,079,658$616,659$511,714$868,504
65$1,116,041$573,133$455,114$858,852
66$1,153,812$525,152$394,295$847,473
67$1,193,040$472,423$329,042$834,259
68$1,233,797$414,639$259,132$819,100
69$1,276,162$351,474$184,331$801,878
70$1,320,218$282,584$104,394$782,472
71$1,366,056$207,606$19,067$760,754
72$1,413,772$126,156$0$736,591
73$1,463,468$37,829$0$731,355
74$1,515,256$0$0$730,869
75$1,569,256$0$0$745,905
76$1,625,596$0$0$772,903
77$1,684,416$0$0$801,109
78$1,745,865$0$0$830,597
79$1,810,105$0$0$861,447
80$1,877,312$0$0$893,748
81$1,947,675$0$0$927,592
82$2,021,400$0$0$963,084
83$2,098,710$0$0$1,000,333
84$2,179,845$0$0$1,039,461
85$2,265,069$0$0$1,080,597
86$2,354,666$0$0$1,123,886
87$2,448,947$0$0$1,169,483
88$2,548,249$0$0$1,217,555
89$2,652,940$0$0$1,268,287
90$2,763,419$0$0$1,321,880
91$2,880,123$0$0$1,378,552
92$3,003,528$0$0$1,438,544
93$3,134,154$0$0$1,502,114
94$3,272,568$0$0$1,569,550
95$3,419,390$0$0$1,641,161
96$3,575,299$0$0$1,717,290
97$3,741,034$0$0$1,798,309
98$3,917,408$0$0$1,884,627
99$4,105,308$0$0$1,976,690
100$4,305,706$0$0$2,074,988