Can I retire at age 57 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,329$63,756$63,197$62,651$62,119$61,701
2 years$31,846$31,253$30,678$30,121$29,580$29,159
3 years$21,020$20,424$19,851$19,299$18,767$18,356
4 years$15,608$15,014$14,446$13,904$13,385$12,986
5 years$12,361$11,771$11,211$10,679$10,175$9,790
6 years$10,198$9,612$9,060$8,540$8,051$7,680
7 years$8,653$8,072$7,529$7,021$6,548$6,191
8 years$7,495$6,919$6,385$5,890$5,432$5,090
9 years$6,595$6,025$5,500$5,017$4,574$4,247
10 years$5,875$5,310$4,795$4,325$3,898$3,585
11 years$5,286$4,727$4,221$3,764$3,352$3,053
12 years$4,796$4,243$3,746$3,301$2,905$2,620
13 years$4,382$3,835$3,347$2,915$2,533$2,261
14 years$4,027$3,485$3,007$2,587$2,221$1,962
15 years$3,720$3,184$2,715$2,307$1,955$1,709
16 years$3,451$2,921$2,462$2,066$1,728$1,494
17 years$3,215$2,690$2,240$1,856$1,532$1,311
18 years$3,004$2,486$2,045$1,673$1,362$1,152
19 years$2,816$2,304$1,872$1,512$1,214$1,016
20 years$2,648$2,141$1,718$1,369$1,085$897
21 years$2,495$1,994$1,580$1,243$971$793
22 years$2,356$1,862$1,456$1,130$870$703
23 years$2,230$1,741$1,345$1,029$781$623
24 years$2,115$1,631$1,244$938$702$554
25 years$2,008$1,531$1,152$857$632$492
26 years$1,911$1,439$1,068$784$569$438
27 years$1,820$1,354$992$717$513$390
28 years$1,736$1,276$922$657$463$347
29 years$1,658$1,204$858$603$418$310
30 years$1,586$1,137$799$553$378$276
31 years$1,518$1,075$745$508$341$247
32 years$1,455$1,017$695$467$309$220
33 years$1,395$963$649$429$279$197
34 years$1,339$913$607$395$253$176
35 years$1,287$866$567$364$229$157
36 years$1,237$822$531$335$208$140
37 years$1,191$780$497$309$188$126
38 years$1,146$742$465$284$171$112
39 years$1,105$705$436$262$155$100
40 years$1,065$671$408$242$140$90
41 years$1,027$639$383$223$127$80
42 years$992$608$359$206$116$72
43 years$958$580$337$190$105$64
44 years$926$552$316$176$95$58
45 years$895$527$297$162$86$52
46 years$865$503$279$150$78$46
47 years$837$480$262$138$71$41
48 years$811$458$246$128$65$37
49 years$785$437$232$118$59$33
50 years$761$418$218$109$53$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $779,000, adding $5,045 every year, while hoping to spend $24,101 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: 69/5/26 Blend
56$779,000$779,000$779,000$779,000
57$863,662$822,375$810,300$917,156
58$926,112$837,028$811,802$968,330
59$994,125$851,591$812,547$1,021,075
60$1,068,241$866,035$812,483$1,078,240
61$1,149,058$880,327$811,557$1,140,262
62$1,237,232$894,433$809,714$1,207,625
63$1,333,485$908,315$806,895$1,280,858
64$1,438,612$921,935$803,038$1,360,550
65$1,553,490$935,249$798,079$1,447,346
66$1,679,081$948,212$791,950$1,541,958
67$1,816,447$960,774$784,580$1,645,172
68$1,966,757$972,884$775,896$1,757,853
69$2,131,298$984,487$765,820$1,880,957
70$2,311,485$995,521$754,269$2,015,535
71$2,508,879$1,005,925$741,160$2,162,749
72$2,725,198$1,015,629$726,403$2,323,876
73$2,962,336$1,024,562$709,904$2,500,327
74$3,222,375$1,032,646$691,567$2,693,657
75$3,507,611$1,039,799$671,288$2,905,579
76$3,820,572$1,045,935$648,962$3,137,983
77$4,164,044$1,050,959$624,476$3,392,951
78$4,541,095$1,054,774$597,713$3,672,780
79$4,955,102$1,057,274$568,552$3,980,000
80$5,409,789$1,058,346$536,865$4,317,403
81$5,909,255$1,057,873$502,518$4,688,064
82$6,458,019$1,055,729$465,372$5,095,373
83$7,061,056$1,051,779$425,281$5,543,069
84$7,723,849$1,045,882$382,094$6,035,273
85$8,452,438$1,037,886$335,650$6,576,525
86$9,253,477$1,027,632$285,784$7,171,834
87$10,134,297$1,014,951$232,323$7,826,718
88$11,102,974$999,664$175,086$8,547,261
89$12,168,409$981,578$113,882$9,340,169
90$13,340,405$960,494$48,516$10,212,833
91$14,629,766$936,198$0$11,173,402
92$16,048,394$908,463$0$12,236,749
93$17,609,403$877,051$0$13,421,628
94$19,327,243$841,708$0$14,725,538
95$21,217,836$802,166$0$16,160,571
96$23,298,725$758,141$0$17,740,052
97$25,589,240$709,334$0$19,478,662
98$28,110,679$655,429$0$21,392,580
99$30,886,512$596,089$0$23,499,633
100$33,942,600$530,960$0$25,819,466