Can I retire at age 57 with 777,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$64,164$63,592$63,035$62,491$61,959$61,363
2 years$31,764$31,173$30,599$30,044$29,504$28,904
3 years$20,966$20,372$19,800$19,249$18,719$18,133
4 years$15,568$14,975$14,409$13,868$13,350$12,783
5 years$12,330$11,741$11,182$10,652$10,149$9,602
6 years$10,172$9,587$9,037$8,518$8,030$7,504
7 years$8,631$8,051$7,510$7,003$6,531$6,026
8 years$7,476$6,902$6,369$5,875$5,418$4,935
9 years$6,578$6,009$5,485$5,004$4,563$4,101
10 years$5,860$5,297$4,782$4,314$3,888$3,446
11 years$5,273$4,715$4,210$3,754$3,344$2,923
12 years$4,784$4,232$3,737$3,293$2,897$2,497
13 years$4,371$3,825$3,338$2,907$2,527$2,146
14 years$4,017$3,477$3,000$2,581$2,215$1,853
15 years$3,710$3,176$2,708$2,301$1,950$1,607
16 years$3,442$2,914$2,455$2,061$1,723$1,398
17 years$3,206$2,684$2,234$1,852$1,528$1,220
18 years$2,997$2,480$2,040$1,669$1,359$1,068
19 years$2,809$2,298$1,867$1,508$1,211$936
20 years$2,641$2,136$1,714$1,366$1,082$823
21 years$2,489$1,989$1,576$1,239$968$724
22 years$2,350$1,857$1,453$1,127$868$638
23 years$2,224$1,737$1,341$1,026$779$563
24 years$2,109$1,627$1,240$936$700$497
25 years$2,003$1,527$1,149$855$630$439
26 years$1,906$1,435$1,066$782$567$389
27 years$1,815$1,351$989$715$512$344
28 years$1,732$1,273$920$655$462$305
29 years$1,654$1,201$856$601$417$270
30 years$1,582$1,134$797$552$377$240
31 years$1,514$1,072$743$507$341$213
32 years$1,451$1,014$694$466$308$189
33 years$1,391$960$648$428$279$168
34 years$1,336$910$605$394$252$149
35 years$1,283$863$566$363$229$132
36 years$1,234$820$529$334$207$118
37 years$1,187$778$495$308$188$105
38 years$1,143$740$464$284$170$93
39 years$1,102$703$435$262$154$83
40 years$1,062$669$407$241$140$74
41 years$1,025$637$382$223$127$65
42 years$989$607$358$205$115$58
43 years$955$578$336$190$105$52
44 years$923$551$316$175$95$46
45 years$892$525$296$162$86$41
46 years$863$501$278$149$78$37
47 years$835$478$261$138$71$32
48 years$809$457$246$127$65$29
49 years$783$436$231$118$59$26
50 years$759$417$217$109$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $777,000, adding $6,283 every year, while hoping to spend $53,556 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: 68/9/23 Blend
56$777,000$777,000$777,000$777,000
57$862,735$821,554$809,510$915,959
58$893,751$804,827$779,646$935,693
59$926,135$785,485$746,986$950,518
60$959,971$763,344$711,380$965,470
61$995,349$738,209$672,672$980,562
62$1,032,365$709,872$630,697$995,808
63$1,071,125$678,114$585,284$1,011,225
64$1,111,742$642,704$536,253$1,026,835
65$1,154,340$603,397$483,418$1,042,662
66$1,199,053$559,933$426,583$1,058,736
67$1,246,026$512,040$365,543$1,075,092
68$1,295,417$459,426$300,085$1,091,771
69$1,347,399$401,787$229,987$1,108,819
70$1,402,158$338,799$155,016$1,126,291
71$1,459,898$270,121$74,930$1,144,251
72$1,520,841$195,390$0$1,162,769
73$1,585,230$114,227$0$1,184,516
74$1,653,328$26,229$0$1,226,792
75$1,725,424$0$0$1,271,364
76$1,801,833$0$0$1,325,261
77$1,882,898$0$0$1,385,222
78$1,968,996$0$0$1,448,930
79$2,060,539$0$0$1,516,692
80$2,157,976$0$0$1,588,844
81$2,261,800$0$0$1,665,756
82$2,372,552$0$0$1,747,830
83$2,490,821$0$0$1,835,510
84$2,617,257$0$0$1,929,279
85$2,752,568$0$0$2,029,668
86$2,897,535$0$0$2,137,261
87$3,053,011$0$0$2,252,696
88$3,219,932$0$0$2,376,675
89$3,399,329$0$0$2,509,967
90$3,592,329$0$0$2,653,417
91$3,800,173$0$0$2,807,953
92$4,024,222$0$0$2,974,594
93$4,265,972$0$0$3,154,460
94$4,527,065$0$0$3,348,781
95$4,809,307$0$0$3,558,908
96$5,114,684$0$0$3,786,328
97$5,445,376$0$0$4,032,673
98$5,803,781$0$0$4,299,740
99$6,192,538$0$0$4,589,503
100$6,614,547$0$0$4,904,135