Can I retire at age 57 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,999$63,429$62,873$62,330$61,800$60,776
2 years$31,683$31,093$30,521$29,966$29,428$28,400
3 years$20,912$20,319$19,749$19,200$18,671$17,669
4 years$15,528$14,937$14,372$13,832$13,316$12,350
5 years$12,298$11,711$11,153$10,624$10,123$9,194
6 years$10,145$9,563$9,014$8,496$8,010$7,120
7 years$8,609$8,031$7,490$6,985$6,514$5,664
8 years$7,456$6,884$6,352$5,860$5,404$4,593
9 years$6,561$5,994$5,471$4,991$4,551$3,778
10 years$5,845$5,283$4,770$4,303$3,878$3,143
11 years$5,259$4,703$4,199$3,745$3,335$2,637
12 years$4,772$4,221$3,727$3,284$2,890$2,229
13 years$4,359$3,815$3,330$2,900$2,520$1,894
14 years$4,006$3,468$2,992$2,574$2,209$1,617
15 years$3,701$3,168$2,701$2,296$1,945$1,386
16 years$3,434$2,906$2,449$2,055$1,719$1,192
17 years$3,198$2,677$2,229$1,847$1,524$1,028
18 years$2,989$2,473$2,034$1,664$1,355$889
19 years$2,802$2,292$1,862$1,504$1,208$770
20 years$2,634$2,130$1,709$1,362$1,079$668
21 years$2,482$1,984$1,572$1,236$966$580
22 years$2,344$1,852$1,449$1,124$866$505
23 years$2,219$1,732$1,338$1,024$777$439
24 years$2,104$1,623$1,237$934$698$383
25 years$1,998$1,523$1,146$853$628$334
26 years$1,901$1,431$1,063$780$566$292
27 years$1,811$1,347$987$714$510$255
28 years$1,727$1,269$917$654$460$223
29 years$1,650$1,198$854$600$416$195
30 years$1,578$1,131$795$550$376$170
31 years$1,510$1,069$741$505$340$149
32 years$1,447$1,012$692$464$307$130
33 years$1,388$958$646$427$278$114
34 years$1,332$908$603$393$252$100
35 years$1,280$861$564$362$228$88
36 years$1,231$817$528$333$207$77
37 years$1,184$776$494$307$187$67
38 years$1,140$738$463$283$170$59
39 years$1,099$702$433$261$154$52
40 years$1,060$667$406$241$140$45
41 years$1,022$635$381$222$127$40
42 years$987$605$357$205$115$35
43 years$953$577$335$189$104$31
44 years$921$550$315$175$95$27
45 years$890$524$296$161$86$23
46 years$861$500$278$149$78$21
47 years$833$477$261$138$71$18
48 years$807$455$245$127$64$16
49 years$781$435$230$118$58$14
50 years$757$415$217$109$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $775,000, adding $2,096 every year, while hoping to spend $58,311 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: 44/38/18 Blend
56$775,000$775,000$775,000$775,000
57$856,212$815,137$803,125$889,345
58$881,503$793,036$767,987$890,726
59$907,420$767,898$729,718$886,288
60$933,964$739,513$688,150$880,251
61$961,136$707,657$643,111$872,494
62$988,935$672,095$594,419$862,888
63$1,017,357$632,578$541,882$851,298
64$1,046,396$588,843$485,304$837,578
65$1,076,042$540,610$424,476$821,574
66$1,106,285$487,586$359,182$803,124
67$1,137,107$429,460$289,196$782,054
68$1,168,490$365,901$214,282$758,178
69$1,200,409$296,563$134,193$731,302
70$1,232,835$221,079$48,672$701,217
71$1,265,732$139,060$0$667,701
72$1,299,061$50,098$0$638,701
73$1,332,772$0$0$616,292
74$1,366,809$0$0$610,245
75$1,401,108$0$0$625,222
76$1,435,595$0$0$640,239
77$1,470,184$0$0$655,251
78$1,504,778$0$0$670,210
79$1,539,266$0$0$685,061
80$1,573,524$0$0$699,741
81$1,607,410$0$0$714,179
82$1,640,763$0$0$728,297
83$1,673,405$0$0$742,006
84$1,705,133$0$0$755,204
85$1,735,719$0$0$767,780
86$1,764,910$0$0$779,608
87$1,792,422$0$0$790,549
88$1,817,935$0$0$800,445
89$1,841,096$0$0$809,123
90$1,861,507$0$0$816,387
91$1,878,728$0$0$822,021
92$1,892,267$0$0$825,784
93$1,901,577$0$0$827,409
94$1,906,050$0$0$826,597
95$1,905,011$0$0$823,018
96$1,897,708$0$0$816,306
97$1,883,310$0$0$806,053
98$1,860,892$0$0$791,808
99$1,829,431$0$0$773,072
100$1,787,790$0$0$749,291