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%16.4%
1 years$64,494$63,920$63,359$62,812$62,278$60,649
2 years$31,928$31,333$30,757$30,198$29,656$28,027
3 years$21,074$20,477$19,902$19,348$18,815$17,235
4 years$15,648$15,052$14,483$13,939$13,419$11,901
5 years$12,393$11,801$11,240$10,707$10,201$8,750
6 years$10,224$9,637$9,083$8,562$8,072$6,688
7 years$8,675$8,093$7,548$7,040$6,564$5,248
8 years$7,514$6,937$6,402$5,905$5,446$4,197
9 years$6,612$6,040$5,514$5,030$4,586$3,403
10 years$5,890$5,324$4,807$4,336$3,908$2,789
11 years$5,300$4,740$4,232$3,774$3,361$2,305
12 years$4,809$4,254$3,756$3,310$2,912$1,918
13 years$4,393$3,844$3,356$2,922$2,540$1,604
14 years$4,037$3,494$3,015$2,594$2,226$1,347
15 years$3,729$3,192$2,722$2,313$1,960$1,136
16 years$3,460$2,929$2,468$2,071$1,732$960
17 years$3,223$2,697$2,246$1,861$1,536$814
18 years$3,012$2,492$2,050$1,677$1,366$691
19 years$2,824$2,310$1,877$1,516$1,217$588
20 years$2,654$2,147$1,722$1,373$1,087$501
21 years$2,501$1,999$1,584$1,246$973$427
22 years$2,363$1,866$1,460$1,133$872$365
23 years$2,236$1,746$1,348$1,032$783$312
24 years$2,120$1,636$1,247$941$704$267
25 years$2,014$1,535$1,155$859$633$228
26 years$1,915$1,443$1,071$786$570$196
27 years$1,825$1,358$995$719$514$168
28 years$1,741$1,279$925$659$464$144
29 years$1,663$1,207$860$604$419$123
30 years$1,590$1,140$801$554$379$106
31 years$1,522$1,077$747$509$342$91
32 years$1,458$1,019$697$468$310$78
33 years$1,399$965$651$430$280$67
34 years$1,343$915$608$396$254$57
35 years$1,290$868$569$365$230$49
36 years$1,240$824$532$336$208$42
37 years$1,194$782$498$309$189$36
38 years$1,149$744$466$285$171$31
39 years$1,107$707$437$263$155$27
40 years$1,068$673$409$242$141$23
41 years$1,030$640$384$224$128$20
42 years$994$610$360$206$116$17
43 years$960$581$338$191$105$15
44 years$928$554$317$176$95$12
45 years$897$528$298$163$87$11
46 years$868$504$280$150$79$9
47 years$840$481$263$139$71$8
48 years$813$459$247$128$65$7
49 years$787$438$232$118$59$6
50 years$763$419$218$109$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $781,000, adding $5,176 every year, while hoping to spend $45,270 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: 51/27/22 Blend
56$781,000$781,000$781,000$781,000
57$866,001$824,608$812,503$904,615
58$906,166$816,847$791,554$924,113
59$948,911$807,188$768,387$940,243
60$994,451$795,491$742,879$956,838
61$1,043,021$781,607$714,902$973,959
62$1,094,880$765,377$684,322$991,677
63$1,150,312$746,634$651,001$1,010,070
64$1,209,625$725,200$614,791$1,029,230
65$1,273,161$700,889$575,541$1,049,262
66$1,341,293$673,502$533,090$1,070,281
67$1,414,429$642,828$487,273$1,092,421
68$1,493,020$608,646$437,916$1,115,832
69$1,577,558$570,719$384,836$1,140,684
70$1,668,584$528,800$327,844$1,167,167
71$1,766,694$482,626$266,741$1,195,495
72$1,872,541$431,918$201,320$1,225,911
73$1,986,841$376,383$131,366$1,258,686
74$2,110,384$315,711$56,652$1,294,123
75$2,244,037$249,574$0$1,332,564
76$2,388,751$177,626$0$1,379,809
77$2,545,575$99,501$0$1,445,409
78$2,715,660$14,813$0$1,516,590
79$2,900,271$0$0$1,593,949
80$3,100,804$0$0$1,700,976
81$3,318,789$0$0$1,822,173
82$3,555,911$0$0$1,954,085
83$3,814,027$0$0$2,097,752
84$4,095,176$0$0$2,254,320
85$4,401,603$0$0$2,425,050
86$4,735,781$0$0$2,611,330
87$5,100,429$0$0$2,814,686
88$5,498,542$0$0$3,036,800
89$5,933,415$0$0$3,279,522
90$6,408,677$0$0$3,544,891
91$6,928,323$0$0$3,835,149
92$7,496,749$0$0$4,152,767
93$8,118,801$0$0$4,500,465
94$8,799,809$0$0$4,881,237
95$9,545,645$0$0$5,298,383
96$10,362,778$0$0$5,755,534
97$11,258,327$0$0$6,256,691
98$12,240,136$0$0$6,806,260
99$13,316,844$0$0$7,409,094
100$14,497,965$0$0$8,070,538