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%
1 years$64,081$63,511$62,954$62,410$61,879$60,854
2 years$31,723$31,133$30,560$30,005$29,466$28,437
3 years$20,939$20,346$19,774$19,224$18,695$17,692
4 years$15,548$14,956$14,391$13,850$13,333$12,366
5 years$12,314$11,726$11,168$10,638$10,136$9,206
6 years$10,159$9,575$9,025$8,507$8,020$7,130
7 years$8,620$8,041$7,500$6,994$6,522$5,671
8 years$7,466$6,893$6,361$5,867$5,411$4,599
9 years$6,569$6,001$5,478$4,998$4,557$3,783
10 years$5,852$5,290$4,776$4,308$3,883$3,147
11 years$5,266$4,709$4,205$3,749$3,339$2,641
12 years$4,778$4,227$3,732$3,289$2,894$2,231
13 years$4,365$3,820$3,334$2,903$2,523$1,896
14 years$4,012$3,472$2,996$2,577$2,212$1,619
15 years$3,706$3,172$2,705$2,299$1,948$1,388
16 years$3,438$2,910$2,452$2,058$1,721$1,194
17 years$3,202$2,680$2,231$1,849$1,526$1,029
18 years$2,993$2,476$2,037$1,666$1,357$890
19 years$2,806$2,295$1,865$1,506$1,210$771
20 years$2,637$2,133$1,711$1,364$1,080$669
21 years$2,485$1,987$1,574$1,238$967$581
22 years$2,347$1,854$1,451$1,125$867$505
23 years$2,222$1,734$1,340$1,025$778$440
24 years$2,106$1,625$1,239$935$699$384
25 years$2,001$1,525$1,147$854$629$335
26 years$1,903$1,433$1,064$781$567$292
27 years$1,813$1,349$988$714$511$255
28 years$1,730$1,271$919$655$461$223
29 years$1,652$1,199$855$600$416$195
30 years$1,580$1,132$796$551$376$171
31 years$1,512$1,070$742$506$340$149
32 years$1,449$1,013$693$465$308$131
33 years$1,390$959$647$428$278$114
34 years$1,334$909$604$393$252$100
35 years$1,282$862$565$362$228$88
36 years$1,232$818$528$334$207$77
37 years$1,186$777$495$307$187$67
38 years$1,142$739$463$283$170$59
39 years$1,100$702$434$261$154$52
40 years$1,061$668$407$241$140$45
41 years$1,023$636$381$222$127$40
42 years$988$606$358$205$115$35
43 years$954$577$336$189$104$31
44 years$922$550$315$175$95$27
45 years$891$525$296$161$86$23
46 years$862$501$278$149$78$21
47 years$834$478$261$138$71$18
48 years$808$456$245$127$64$16
49 years$782$435$231$118$59$14
50 years$758$416$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 $776,000, adding $4,963 every year, while hoping to spend $40,757 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: 39/49/12 Blend
56$776,000$776,000$776,000$776,000
57$860,271$819,143$807,115$890,527
58$904,654$815,916$790,789$909,205
59$952,197$811,165$772,549$925,027
60$1,003,181$804,772$752,289$941,236
61$1,057,912$796,612$729,897$957,885
62$1,116,727$786,553$705,256$975,038
63$1,179,994$774,455$678,243$992,765
64$1,248,119$760,169$648,730$1,011,148
65$1,321,547$743,538$616,582$1,030,282
66$1,400,768$724,394$581,661$1,050,274
67$1,486,318$702,562$543,819$1,071,246
68$1,578,790$677,854$502,903$1,093,336
69$1,678,830$650,073$458,755$1,116,702
70$1,787,153$619,009$411,205$1,141,524
71$1,904,543$584,441$360,081$1,168,001
72$2,031,863$546,135$305,200$1,196,363
73$2,170,061$503,843$246,372$1,226,866
74$2,320,179$457,304$183,398$1,259,800
75$2,483,366$406,240$116,071$1,295,490
76$2,660,884$350,360$44,173$1,334,301
77$2,854,121$289,355$0$1,376,643
78$3,064,606$222,898$0$1,427,146
79$3,294,021$150,645$0$1,488,462
80$3,544,215$72,231$0$1,555,538
81$3,817,227$0$0$1,629,052
82$4,115,299$0$0$1,716,620
83$4,440,899$0$0$1,854,917
84$4,796,743$0$0$2,006,160
85$5,185,824$0$0$2,171,635
86$5,611,436$0$0$2,352,755
87$6,077,204$0$0$2,551,077
88$6,587,123$0$0$2,768,315
89$7,145,591$0$0$3,006,358
90$7,757,449$0$0$3,267,285
91$8,428,032$0$0$3,553,387
92$9,163,212$0$0$3,867,185
93$9,969,460$0$0$4,211,459
94$10,853,901$0$0$4,589,267
95$11,824,383$0$0$5,003,982
96$12,889,550$0$0$5,459,316
97$14,058,925$0$0$5,959,359
98$15,342,998$0$0$6,508,617
99$16,753,324$0$0$7,112,053
100$18,302,631$0$0$7,775,136