Can I retire at age 57 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$64,494$63,920$63,359$62,812$62,278$61,782
2 years$31,928$31,333$30,757$30,198$29,656$29,156
3 years$21,074$20,477$19,902$19,348$18,815$18,327
4 years$15,648$15,052$14,483$13,939$13,419$12,946
5 years$12,393$11,801$11,240$10,707$10,201$9,744
6 years$10,224$9,637$9,083$8,562$8,072$7,632
7 years$8,675$8,093$7,548$7,040$6,564$6,143
8 years$7,514$6,937$6,402$5,905$5,446$5,041
9 years$6,612$6,040$5,514$5,030$4,586$4,199
10 years$5,890$5,324$4,807$4,336$3,908$3,538
11 years$5,300$4,740$4,232$3,774$3,361$3,008
12 years$4,809$4,254$3,756$3,310$2,912$2,576
13 years$4,393$3,844$3,356$2,922$2,540$2,219
14 years$4,037$3,494$3,015$2,594$2,226$1,921
15 years$3,729$3,192$2,722$2,313$1,960$1,671
16 years$3,460$2,929$2,468$2,071$1,732$1,458
17 years$3,223$2,697$2,246$1,861$1,536$1,276
18 years$3,012$2,492$2,050$1,677$1,366$1,119
19 years$2,824$2,310$1,877$1,516$1,217$984
20 years$2,654$2,147$1,722$1,373$1,087$867
21 years$2,501$1,999$1,584$1,246$973$766
22 years$2,363$1,866$1,460$1,133$872$677
23 years$2,236$1,746$1,348$1,032$783$599
24 years$2,120$1,636$1,247$941$704$531
25 years$2,014$1,535$1,155$859$633$471
26 years$1,915$1,443$1,071$786$570$418
27 years$1,825$1,358$995$719$514$371
28 years$1,741$1,279$925$659$464$330
29 years$1,663$1,207$860$604$419$293
30 years$1,590$1,140$801$554$379$261
31 years$1,522$1,077$747$509$342$232
32 years$1,458$1,019$697$468$310$207
33 years$1,399$965$651$430$280$184
34 years$1,343$915$608$396$254$164
35 years$1,290$868$569$365$230$147
36 years$1,240$824$532$336$208$131
37 years$1,194$782$498$309$189$117
38 years$1,149$744$466$285$171$104
39 years$1,107$707$437$263$155$93
40 years$1,068$673$409$242$141$83
41 years$1,030$640$384$224$128$74
42 years$994$610$360$206$116$66
43 years$960$581$338$191$105$59
44 years$928$554$317$176$95$53
45 years$897$528$298$163$87$47
46 years$868$504$280$150$79$42
47 years$840$481$263$139$71$37
48 years$813$459$247$128$65$33
49 years$787$438$232$118$59$30
50 years$763$419$218$109$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $781,000, adding $6,237 every year, while hoping to spend $46,156 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: 45/29/26 Blend
56$781,000$781,000$781,000$781,000
57$867,095$825,702$813,597$899,358
58$906,430$817,052$791,743$914,183
59$948,229$806,431$767,610$925,302
60$992,696$793,694$741,072$936,457
61$1,040,053$778,687$712,000$947,677
62$1,090,542$761,247$680,256$958,996
63$1,144,430$741,200$645,697$970,455
64$1,202,008$718,365$608,174$982,103
65$1,263,596$692,548$567,531$993,998
66$1,329,544$663,544$523,604$1,006,207
67$1,400,235$631,136$476,224$1,018,809
68$1,476,093$595,095$425,210$1,031,895
69$1,557,578$555,179$370,379$1,045,572
70$1,645,199$511,130$311,534$1,059,961
71$1,739,513$462,679$248,474$1,075,202
72$1,841,131$409,539$180,986$1,091,453
73$1,950,727$351,406$108,850$1,108,898
74$2,069,038$287,962$31,833$1,127,742
75$2,196,876$218,869$0$1,148,222
76$2,335,133$143,768$0$1,184,573
77$2,484,788$62,285$0$1,233,458
78$2,646,920$0$0$1,286,451
79$2,822,712$0$0$1,352,300
80$3,013,468$0$0$1,445,400
81$3,220,621$0$0$1,546,584
82$3,445,746$0$0$1,656,633
83$3,690,578$0$0$1,776,403
84$3,957,023$0$0$1,906,840
85$4,247,182$0$0$2,048,983
86$4,563,362$0$0$2,203,975
87$4,908,106$0$0$2,373,076
88$5,284,212$0$0$2,557,669
89$5,694,758$0$0$2,759,282
90$6,143,133$0$0$2,979,592
91$6,633,070$0$0$3,220,447
92$7,168,675$0$0$3,483,884
93$7,754,471$0$0$3,772,142
94$8,395,438$0$0$4,087,689
95$9,097,060$0$0$4,433,241
96$9,865,373$0$0$4,811,791
97$10,707,027$0$0$5,226,633
98$11,629,344$0$0$5,681,396
99$12,640,389$0$0$6,180,077
100$13,749,044$0$0$6,727,078