Can I retire at age 57 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$64,081$63,511$62,954$62,410$61,879$60,704
2 years$31,723$31,133$30,560$30,005$29,466$28,287
3 years$20,939$20,346$19,774$19,224$18,695$17,548
4 years$15,548$14,956$14,391$13,850$13,333$12,228
5 years$12,314$11,726$11,168$10,638$10,136$9,075
6 years$10,159$9,575$9,025$8,507$8,020$7,005
7 years$8,620$8,041$7,500$6,994$6,522$5,553
8 years$7,466$6,893$6,361$5,867$5,411$4,488
9 years$6,569$6,001$5,478$4,998$4,557$3,679
10 years$5,852$5,290$4,776$4,308$3,883$3,049
11 years$5,266$4,709$4,205$3,749$3,339$2,549
12 years$4,778$4,227$3,732$3,289$2,894$2,145
13 years$4,365$3,820$3,334$2,903$2,523$1,816
14 years$4,012$3,472$2,996$2,577$2,212$1,544
15 years$3,706$3,172$2,705$2,299$1,948$1,318
16 years$3,438$2,910$2,452$2,058$1,721$1,129
17 years$3,202$2,680$2,231$1,849$1,526$969
18 years$2,993$2,476$2,037$1,666$1,357$834
19 years$2,806$2,295$1,865$1,506$1,210$719
20 years$2,637$2,133$1,711$1,364$1,080$621
21 years$2,485$1,987$1,574$1,238$967$537
22 years$2,347$1,854$1,451$1,125$867$465
23 years$2,222$1,734$1,340$1,025$778$403
24 years$2,106$1,625$1,239$935$699$350
25 years$2,001$1,525$1,147$854$629$304
26 years$1,903$1,433$1,064$781$567$264
27 years$1,813$1,349$988$714$511$229
28 years$1,730$1,271$919$655$461$200
29 years$1,652$1,199$855$600$416$174
30 years$1,580$1,132$796$551$376$151
31 years$1,512$1,070$742$506$340$132
32 years$1,449$1,013$693$465$308$115
33 years$1,390$959$647$428$278$100
34 years$1,334$909$604$393$252$87
35 years$1,282$862$565$362$228$76
36 years$1,232$818$528$334$207$66
37 years$1,186$777$495$307$187$58
38 years$1,142$739$463$283$170$50
39 years$1,100$702$434$261$154$44
40 years$1,061$668$407$241$140$38
41 years$1,023$636$381$222$127$33
42 years$988$606$358$205$115$29
43 years$954$577$336$189$104$25
44 years$922$550$315$175$95$22
45 years$891$525$296$161$86$19
46 years$862$501$278$149$78$17
47 years$834$478$261$138$71$15
48 years$808$456$245$127$64$13
49 years$782$435$231$118$59$11
50 years$758$416$217$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $776,000, adding $6,961 every year, while hoping to spend $22,950 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: 70/21/9 Blend
56$776,000$776,000$776,000$776,000
57$862,332$821,204$809,176$920,764
58$925,872$837,025$811,865$976,189
59$995,123$852,851$813,875$1,033,348
60$1,070,644$868,660$815,158$1,095,274
61$1,153,050$884,424$815,666$1,162,432
62$1,243,017$900,117$815,347$1,235,331
63$1,341,290$915,708$814,147$1,314,536
64$1,448,689$931,165$812,008$1,400,666
65$1,566,116$946,453$808,871$1,494,403
66$1,694,565$961,534$804,673$1,596,501
67$1,835,130$976,369$799,349$1,707,789
68$1,989,015$990,913$792,830$1,829,180
69$2,157,549$1,005,121$785,043$1,961,681
70$2,342,190$1,018,944$775,913$2,106,401
71$2,544,549$1,032,328$765,362$2,264,562
72$2,766,397$1,045,216$753,306$2,437,511
73$3,009,687$1,057,549$739,659$2,626,733
74$3,276,567$1,069,261$724,330$2,833,862
75$3,569,406$1,080,283$707,223$3,060,702
76$3,890,811$1,090,543$688,241$3,309,239
77$4,243,655$1,099,961$667,278$3,581,661
78$4,631,103$1,108,454$644,227$3,880,383
79$5,056,640$1,115,932$618,973$4,208,061
80$5,524,106$1,122,302$591,398$4,567,628
81$6,037,732$1,127,462$561,377$4,962,313
82$6,602,179$1,131,306$528,781$5,395,674
83$7,222,579$1,133,718$493,474$5,871,636
84$7,904,591$1,134,579$455,313$6,394,521
85$8,654,444$1,133,759$414,152$6,969,095
86$9,479,006$1,131,121$369,835$7,600,609
87$10,385,840$1,126,522$322,199$8,294,852
88$11,383,281$1,119,806$271,078$9,058,204
89$12,480,510$1,110,811$216,293$9,897,694
90$13,687,644$1,099,363$157,662$10,821,073
91$15,015,831$1,085,279$94,991$11,836,880
92$16,477,353$1,068,365$28,080$12,954,529
93$18,085,742$1,048,414$0$14,184,395
94$19,855,910$1,025,208$0$15,542,072
95$21,804,285$998,515$0$17,039,149
96$23,948,971$968,091$0$18,686,837
97$26,309,915$933,677$0$20,500,468
98$28,909,098$894,999$0$22,496,936
99$31,770,738$851,765$0$24,694,859
100$34,921,521$803,670$0$27,114,755