Can I retire at age 57 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$64,412$63,838$63,278$62,732$62,198$60,992
2 years$31,887$31,293$30,718$30,160$29,618$28,408
3 years$21,047$20,450$19,876$19,323$18,791$17,615
4 years$15,628$15,033$14,465$13,921$13,402$12,268
5 years$12,377$11,786$11,225$10,693$10,188$9,100
6 years$10,211$9,624$9,072$8,551$8,061$7,021
7 years$8,664$8,082$7,539$7,031$6,556$5,563
8 years$7,505$6,928$6,393$5,898$5,439$4,492
9 years$6,603$6,032$5,507$5,024$4,580$3,680
10 years$5,882$5,317$4,801$4,330$3,903$3,048
11 years$5,293$4,734$4,227$3,769$3,356$2,547
12 years$4,803$4,249$3,751$3,306$2,909$2,142
13 years$4,388$3,839$3,351$2,918$2,536$1,812
14 years$4,032$3,490$3,011$2,591$2,223$1,540
15 years$3,725$3,188$2,719$2,310$1,958$1,314
16 years$3,456$2,925$2,465$2,069$1,730$1,124
17 years$3,219$2,694$2,243$1,859$1,534$965
18 years$3,008$2,489$2,047$1,675$1,364$830
19 years$2,820$2,307$1,874$1,514$1,216$715
20 years$2,651$2,144$1,720$1,371$1,086$617
21 years$2,498$1,997$1,582$1,244$972$533
22 years$2,359$1,864$1,458$1,131$871$461
23 years$2,233$1,743$1,346$1,030$782$400
24 years$2,117$1,633$1,245$940$703$346
25 years$2,011$1,533$1,153$858$632$300
26 years$1,913$1,441$1,070$785$570$261
27 years$1,822$1,356$993$718$514$227
28 years$1,738$1,278$923$658$463$197
29 years$1,660$1,205$859$603$418$171
30 years$1,588$1,138$800$554$378$149
31 years$1,520$1,076$746$509$342$130
32 years$1,456$1,018$696$467$309$113
33 years$1,397$964$650$430$280$98
34 years$1,341$914$607$395$253$85
35 years$1,288$867$568$364$229$74
36 years$1,239$823$531$335$208$65
37 years$1,192$781$497$309$188$56
38 years$1,148$743$466$285$171$49
39 years$1,106$706$436$263$155$43
40 years$1,066$672$409$242$141$37
41 years$1,029$639$383$223$127$33
42 years$993$609$360$206$116$28
43 years$959$580$337$190$105$25
44 years$927$553$317$176$95$22
45 years$896$527$297$162$87$19
46 years$867$503$279$150$79$16
47 years$839$480$262$139$71$14
48 years$812$458$247$128$65$12
49 years$786$438$232$118$59$11
50 years$762$418$218$109$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $780,000, adding $4,173 every year, while hoping to spend $42,057 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: 36/47/17 Blend
56$780,000$780,000$780,000$780,000
57$863,864$822,524$810,434$890,349
58$907,230$818,080$792,836$905,480
59$953,610$812,008$773,238$917,535
60$1,003,266$804,184$751,529$929,659
61$1,056,488$794,478$727,594$941,880
62$1,113,591$782,749$701,310$954,234
63$1,174,923$768,849$672,549$966,764
64$1,240,864$752,622$641,179$979,520
65$1,311,834$733,902$607,060$992,563
66$1,388,292$712,514$570,047$1,005,961
67$1,470,741$688,271$529,988$1,019,798
68$1,559,737$660,976$486,723$1,034,168
69$1,655,889$630,423$440,086$1,049,182
70$1,759,865$596,389$389,905$1,064,965
71$1,872,402$558,643$335,997$1,081,663
72$1,994,308$516,937$278,174$1,099,442
73$2,126,473$471,012$216,238$1,118,492
74$2,269,873$420,592$149,982$1,139,030
75$2,425,586$365,386$79,192$1,161,300
76$2,594,792$305,087$3,642$1,185,581
77$2,778,795$239,370$0$1,212,188
78$2,979,025$167,892$0$1,255,441
79$3,197,057$90,291$0$1,303,390
80$3,434,625$6,183$0$1,355,872
81$3,693,636$0$0$1,413,445
82$3,976,189$0$0$1,520,607
83$4,284,596$0$0$1,641,168
84$4,621,400$0$0$1,772,938
85$4,989,400$0$0$1,917,027
86$5,391,681$0$0$2,074,654
87$5,831,634$0$0$2,247,166
88$6,312,998$0$0$2,436,043
89$6,839,887$0$0$2,642,914
90$7,416,831$0$0$2,869,575
91$8,048,822$0$0$3,118,004
92$8,741,353$0$0$3,390,379
93$9,500,476$0$0$3,689,097
94$10,332,855$0$0$4,016,801
95$11,245,833$0$0$4,376,400
96$12,247,493$0$0$4,771,100
97$13,346,743$0$0$5,204,431
98$14,553,391$0$0$5,680,282
99$15,878,243$0$0$6,202,937
100$17,333,203$0$0$6,777,116