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%11.7%
1 years$64,081$63,511$62,954$62,410$61,879$61,438
2 years$31,723$31,133$30,560$30,005$29,466$29,021
3 years$20,939$20,346$19,774$19,224$18,695$18,260
4 years$15,548$14,956$14,391$13,850$13,333$12,912
5 years$12,314$11,726$11,168$10,638$10,136$9,729
6 years$10,159$9,575$9,025$8,507$8,020$7,628
7 years$8,620$8,041$7,500$6,994$6,522$6,146
8 years$7,466$6,893$6,361$5,867$5,411$5,050
9 years$6,569$6,001$5,478$4,998$4,557$4,211
10 years$5,852$5,290$4,776$4,308$3,883$3,552
11 years$5,266$4,709$4,205$3,749$3,339$3,024
12 years$4,778$4,227$3,732$3,289$2,894$2,593
13 years$4,365$3,820$3,334$2,903$2,523$2,237
14 years$4,012$3,472$2,996$2,577$2,212$1,939
15 years$3,706$3,172$2,705$2,299$1,948$1,688
16 years$3,438$2,910$2,452$2,058$1,721$1,475
17 years$3,202$2,680$2,231$1,849$1,526$1,293
18 years$2,993$2,476$2,037$1,666$1,357$1,136
19 years$2,806$2,295$1,865$1,506$1,210$1,000
20 years$2,637$2,133$1,711$1,364$1,080$883
21 years$2,485$1,987$1,574$1,238$967$780
22 years$2,347$1,854$1,451$1,125$867$691
23 years$2,222$1,734$1,340$1,025$778$612
24 years$2,106$1,625$1,239$935$699$543
25 years$2,001$1,525$1,147$854$629$483
26 years$1,903$1,433$1,064$781$567$429
27 years$1,813$1,349$988$714$511$382
28 years$1,730$1,271$919$655$461$340
29 years$1,652$1,199$855$600$416$303
30 years$1,580$1,132$796$551$376$270
31 years$1,512$1,070$742$506$340$241
32 years$1,449$1,013$693$465$308$215
33 years$1,390$959$647$428$278$192
34 years$1,334$909$604$393$252$171
35 years$1,282$862$565$362$228$153
36 years$1,232$818$528$334$207$136
37 years$1,186$777$495$307$187$122
38 years$1,142$739$463$283$170$109
39 years$1,100$702$434$261$154$97
40 years$1,061$668$407$241$140$87
41 years$1,023$636$381$222$127$78
42 years$988$606$358$205$115$70
43 years$954$577$336$189$104$62
44 years$922$550$315$175$95$56
45 years$891$525$296$161$86$50
46 years$862$501$278$149$78$45
47 years$834$478$261$138$71$40
48 years$808$456$245$127$64$36
49 years$782$435$231$118$59$32
50 years$758$416$217$109$53$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $776,000, adding $3,780 every year, while hoping to spend $27,203 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: 56/30/14 Blend
56$776,000$776,000$776,000$776,000
57$859,051$817,923$805,895$903,845
58$917,730$829,058$803,949$945,792
59$981,483$839,826$801,026$988,171
60$1,050,799$850,181$797,064$1,033,704
61$1,126,214$860,074$792,000$1,082,700
62$1,208,322$869,451$785,765$1,135,495
63$1,297,771$878,255$778,289$1,192,464
64$1,395,281$886,427$769,498$1,254,020
65$1,501,638$893,900$759,315$1,320,618
66$1,617,710$900,606$747,658$1,392,759
67$1,744,454$906,473$734,441$1,470,998
68$1,882,920$911,422$719,577$1,555,947
69$2,034,266$915,370$702,971$1,648,281
70$2,199,767$918,230$684,527$1,748,744
71$2,380,827$919,906$664,142$1,858,159
72$2,578,990$920,300$641,709$1,977,432
73$2,795,959$919,306$617,118$2,107,565
74$3,033,606$916,812$590,251$2,249,660
75$3,293,996$912,698$560,986$2,404,938
76$3,579,401$906,837$529,197$2,574,741
77$3,892,324$899,096$494,749$2,760,554
78$4,235,521$889,333$457,503$2,964,012
79$4,612,029$877,395$417,315$3,186,921
80$5,025,193$863,124$374,031$3,431,272
81$5,478,695$846,350$327,494$3,699,263
82$5,976,594$826,893$277,537$3,993,317
83$6,523,359$804,563$223,987$4,316,109
84$7,123,915$779,160$166,664$4,670,587
85$7,783,686$750,470$105,378$5,060,004
86$8,508,646$718,268$39,933$5,487,950
87$9,305,380$682,315$0$5,958,381
88$10,181,139$642,359$0$6,480,131
89$11,143,915$598,133$0$7,060,204
90$12,202,508$549,356$0$7,697,971
91$13,366,619$495,730$0$8,399,323
92$14,646,932$436,938$0$9,170,754
93$16,055,219$372,648$0$10,019,426
94$17,604,453$302,509$0$10,953,232
95$19,308,923$226,148$0$11,980,875
96$21,184,377$143,174$0$13,111,947
97$23,248,165$53,171$0$14,357,026
98$25,519,403$0$0$15,727,770
99$28,019,155$0$0$17,251,658
100$30,770,631$0$0$18,948,403