Can I retire at age 57 with 780,000?

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 $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%12.3%
1 years$64,412$63,838$63,278$62,732$62,198$61,600
2 years$31,887$31,293$30,718$30,160$29,618$29,016
3 years$21,047$20,450$19,876$19,323$18,791$18,203
4 years$15,628$15,033$14,465$13,921$13,402$12,832
5 years$12,377$11,786$11,225$10,693$10,188$9,639
6 years$10,211$9,624$9,072$8,551$8,061$7,533
7 years$8,664$8,082$7,539$7,031$6,556$6,050
8 years$7,505$6,928$6,393$5,898$5,439$4,954
9 years$6,603$6,032$5,507$5,024$4,580$4,116
10 years$5,882$5,317$4,801$4,330$3,903$3,460
11 years$5,293$4,734$4,227$3,769$3,356$2,934
12 years$4,803$4,249$3,751$3,306$2,909$2,506
13 years$4,388$3,839$3,351$2,918$2,536$2,154
14 years$4,032$3,490$3,011$2,591$2,223$1,860
15 years$3,725$3,188$2,719$2,310$1,958$1,613
16 years$3,456$2,925$2,465$2,069$1,730$1,404
17 years$3,219$2,694$2,243$1,859$1,534$1,225
18 years$3,008$2,489$2,047$1,675$1,364$1,072
19 years$2,820$2,307$1,874$1,514$1,216$940
20 years$2,651$2,144$1,720$1,371$1,086$826
21 years$2,498$1,997$1,582$1,244$972$727
22 years$2,359$1,864$1,458$1,131$871$640
23 years$2,233$1,743$1,346$1,030$782$565
24 years$2,117$1,633$1,245$940$703$499
25 years$2,011$1,533$1,153$858$632$441
26 years$1,913$1,441$1,070$785$570$390
27 years$1,822$1,356$993$718$514$346
28 years$1,738$1,278$923$658$463$306
29 years$1,660$1,205$859$603$418$271
30 years$1,588$1,138$800$554$378$241
31 years$1,520$1,076$746$509$342$214
32 years$1,456$1,018$696$467$309$190
33 years$1,397$964$650$430$280$168
34 years$1,341$914$607$395$253$150
35 years$1,288$867$568$364$229$133
36 years$1,239$823$531$335$208$118
37 years$1,192$781$497$309$188$105
38 years$1,148$743$466$285$171$93
39 years$1,106$706$436$263$155$83
40 years$1,066$672$409$242$141$74
41 years$1,029$639$383$223$127$66
42 years$993$609$360$206$116$58
43 years$959$580$337$190$105$52
44 years$927$553$317$176$95$46
45 years$896$527$297$162$87$41
46 years$867$503$279$150$79$37
47 years$839$480$262$139$71$33
48 years$812$458$247$128$65$29
49 years$786$438$232$118$59$26
50 years$762$418$218$109$53$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $780,000, adding $4,822 every year, while hoping to spend $25,494 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: 38/34/28 Blend
56$780,000$780,000$780,000$780,000
57$864,534$823,194$811,104$890,027
58$925,591$836,405$811,150$922,401
59$992,021$849,409$810,344$954,680
60$1,064,346$862,169$808,629$989,078
61$1,143,139$874,645$805,948$1,025,806
62$1,229,031$886,794$802,239$1,065,095
63$1,322,717$898,572$797,439$1,107,201
64$1,424,961$909,928$791,480$1,152,407
65$1,536,605$920,812$784,292$1,201,028
66$1,658,574$931,168$775,802$1,253,409
67$1,791,890$940,936$765,932$1,309,935
68$1,937,674$950,054$754,602$1,371,030
69$2,097,163$958,452$741,727$1,437,163
70$2,271,718$966,061$727,220$1,508,853
71$2,462,837$972,802$710,986$1,586,673
72$2,672,173$978,596$692,930$1,671,259
73$2,901,541$983,354$672,950$1,763,309
74$3,152,945$986,984$650,940$1,863,601
75$3,428,588$989,389$626,789$1,972,989
76$3,730,899$990,465$600,382$2,092,421
77$4,062,553$990,099$571,597$2,222,941
78$4,426,494$988,176$540,307$2,365,704
79$4,825,970$984,569$506,380$2,521,987
80$5,264,553$979,147$469,678$2,693,200
81$5,746,180$971,769$430,055$2,880,898
82$6,275,191$962,285$387,362$3,086,802
83$6,856,361$950,538$341,440$3,312,811
84$7,494,956$936,360$292,124$3,561,022
85$8,196,773$919,574$239,242$3,833,749
86$8,968,202$899,991$182,614$4,133,549
87$9,816,280$877,412$122,054$4,463,244
88$10,748,762$851,627$57,364$4,825,950
89$11,774,191$822,412$0$5,225,105
90$12,901,979$789,530$0$5,667,992
91$14,142,495$752,732$0$6,173,828
92$15,507,167$711,753$0$6,730,149
93$17,008,583$666,313$0$7,342,124
94$18,660,613$616,117$0$8,015,457
95$20,478,540$560,852$0$8,756,435
96$22,479,204$500,186$0$9,571,992
97$24,681,159$433,772$0$10,469,772
98$27,104,850$361,239$0$11,458,204
99$29,772,803$282,198$0$12,546,581
100$32,709,839$196,236$0$13,745,151