Can I retire at age 57 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$64,247$63,674$63,116$62,571$62,039$59,981
2 years$31,805$31,213$30,639$30,082$29,542$27,489
3 years$20,993$20,398$19,825$19,274$18,743$16,759
4 years$15,588$14,995$14,428$13,886$13,368$11,467
5 years$12,346$11,756$11,197$10,666$10,162$8,351
6 years$10,185$9,600$9,048$8,529$8,041$6,321
7 years$8,642$8,062$7,519$7,012$6,539$4,910
8 years$7,485$6,910$6,377$5,883$5,425$3,885
9 years$6,586$6,017$5,492$5,011$4,569$3,116
10 years$5,867$5,303$4,788$4,319$3,893$2,525
11 years$5,280$4,721$4,216$3,759$3,348$2,063
12 years$4,790$4,238$3,741$3,297$2,901$1,696
13 years$4,376$3,830$3,343$2,911$2,530$1,401
14 years$4,022$3,481$3,003$2,584$2,218$1,162
15 years$3,715$3,180$2,712$2,304$1,953$968
16 years$3,447$2,918$2,458$2,063$1,726$808
17 years$3,210$2,687$2,237$1,854$1,530$676
18 years$3,000$2,483$2,042$1,671$1,361$566
19 years$2,813$2,301$1,870$1,510$1,213$475
20 years$2,644$2,138$1,716$1,367$1,083$399
21 years$2,492$1,992$1,578$1,241$969$336
22 years$2,353$1,859$1,455$1,128$869$283
23 years$2,227$1,739$1,343$1,028$780$238
24 years$2,112$1,629$1,242$937$701$201
25 years$2,006$1,529$1,150$856$631$170
26 years$1,908$1,437$1,067$783$568$143
27 years$1,818$1,352$991$716$512$121
28 years$1,734$1,274$921$656$462$102
29 years$1,656$1,202$857$602$417$86
30 years$1,584$1,135$798$552$377$73
31 years$1,516$1,073$744$507$341$62
32 years$1,453$1,016$694$466$308$52
33 years$1,393$962$648$429$279$44
34 years$1,338$911$606$394$253$37
35 years$1,285$865$566$363$229$31
36 years$1,236$821$530$334$207$27
37 years$1,189$779$496$308$188$22
38 years$1,145$741$464$284$170$19
39 years$1,103$704$435$262$155$16
40 years$1,064$670$408$242$140$14
41 years$1,026$638$382$223$127$12
42 years$991$607$359$206$115$10
43 years$957$579$337$190$105$8
44 years$924$552$316$175$95$7
45 years$894$526$297$162$86$6
46 years$864$502$279$150$78$5
47 years$836$479$262$138$71$4
48 years$810$457$246$128$65$4
49 years$784$437$231$118$59$3
50 years$760$417$217$109$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $778,000, adding $4,617 every year, while hoping to spend $57,586 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: 60/16/24 Blend
56$778,000$778,000$778,000$778,000
57$862,118$820,884$808,825$908,064
58$888,783$799,837$774,650$918,775
59$916,238$775,828$737,400$923,808
60$944,503$748,651$696,911$928,045
61$973,596$718,090$653,012$931,422
62$1,003,540$683,912$605,524$933,869
63$1,034,352$645,875$554,260$935,311
64$1,066,053$603,721$499,026$935,670
65$1,098,664$557,176$439,616$934,863
66$1,132,202$505,952$375,818$932,802
67$1,166,688$449,745$307,409$929,392
68$1,202,140$388,232$234,157$924,536
69$1,238,576$321,074$155,819$918,128
70$1,276,014$247,910$72,142$910,056
71$1,314,470$168,360$0$900,202
72$1,353,961$82,024$0$892,835
73$1,394,500$0$0$903,430
74$1,436,101$0$0$915,453
75$1,478,774$0$0$942,595
76$1,522,531$0$0$970,419
77$1,567,378$0$0$998,929
78$1,613,320$0$0$1,028,128
79$1,660,359$0$0$1,058,014
80$1,708,495$0$0$1,088,587
81$1,757,722$0$0$1,119,842
82$1,808,031$0$0$1,151,772
83$1,859,409$0$0$1,184,367
84$1,911,837$0$0$1,217,612
85$1,965,289$0$0$1,251,490
86$2,019,735$0$0$1,285,979
87$2,075,135$0$0$1,321,051
88$2,131,441$0$0$1,356,673
89$2,188,596$0$0$1,392,807
90$2,246,534$0$0$1,429,405
91$2,305,174$0$0$1,466,414
92$2,364,425$0$0$1,503,771
93$2,424,179$0$0$1,541,403
94$2,484,313$0$0$1,579,228
95$2,544,687$0$0$1,617,150
96$2,605,138$0$0$1,655,060
97$2,665,483$0$0$1,692,835
98$2,725,515$0$0$1,730,336
99$2,784,996$0$0$1,767,404
100$2,843,661$0$0$1,803,861