Can I retire at age 57 with 781,000?

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 $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%16.6%
1 years$64,494$63,920$63,359$62,812$62,278$60,600
2 years$31,928$31,333$30,757$30,198$29,656$27,978
3 years$21,074$20,477$19,902$19,348$18,815$17,189
4 years$15,648$15,052$14,483$13,939$13,419$11,857
5 years$12,393$11,801$11,240$10,707$10,201$8,708
6 years$10,224$9,637$9,083$8,562$8,072$6,649
7 years$8,675$8,093$7,548$7,040$6,564$5,212
8 years$7,514$6,937$6,402$5,905$5,446$4,163
9 years$6,612$6,040$5,514$5,030$4,586$3,372
10 years$5,890$5,324$4,807$4,336$3,908$2,760
11 years$5,300$4,740$4,232$3,774$3,361$2,278
12 years$4,809$4,254$3,756$3,310$2,912$1,893
13 years$4,393$3,844$3,356$2,922$2,540$1,581
14 years$4,037$3,494$3,015$2,594$2,226$1,326
15 years$3,729$3,192$2,722$2,313$1,960$1,116
16 years$3,460$2,929$2,468$2,071$1,732$943
17 years$3,223$2,697$2,246$1,861$1,536$798
18 years$3,012$2,492$2,050$1,677$1,366$677
19 years$2,824$2,310$1,877$1,516$1,217$575
20 years$2,654$2,147$1,722$1,373$1,087$489
21 years$2,501$1,999$1,584$1,246$973$416
22 years$2,363$1,866$1,460$1,133$872$355
23 years$2,236$1,746$1,348$1,032$783$303
24 years$2,120$1,636$1,247$941$704$259
25 years$2,014$1,535$1,155$859$633$221
26 years$1,915$1,443$1,071$786$570$189
27 years$1,825$1,358$995$719$514$162
28 years$1,741$1,279$925$659$464$138
29 years$1,663$1,207$860$604$419$118
30 years$1,590$1,140$801$554$379$101
31 years$1,522$1,077$747$509$342$87
32 years$1,458$1,019$697$468$310$74
33 years$1,399$965$651$430$280$64
34 years$1,343$915$608$396$254$55
35 years$1,290$868$569$365$230$47
36 years$1,240$824$532$336$208$40
37 years$1,194$782$498$309$189$34
38 years$1,149$744$466$285$171$29
39 years$1,107$707$437$263$155$25
40 years$1,068$673$409$242$141$22
41 years$1,030$640$384$224$128$19
42 years$994$610$360$206$116$16
43 years$960$581$338$191$105$14
44 years$928$554$317$176$95$12
45 years$897$528$298$163$87$10
46 years$868$504$280$150$79$9
47 years$840$481$263$139$71$7
48 years$813$459$247$128$65$6
49 years$787$438$232$118$59$5
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 $2,171 every year, while hoping to spend $30,979 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: 45/34/21 Blend
56$781,000$781,000$781,000$781,000
57$862,901$821,508$809,403$896,425
58$917,956$828,801$803,556$927,508
59$977,588$835,412$796,476$957,973
60$1,042,231$841,277$788,087$990,375
61$1,112,363$846,324$778,313$1,024,910
62$1,188,509$850,479$767,071$1,061,792
63$1,271,247$853,662$754,278$1,101,262
64$1,361,211$855,789$739,843$1,143,585
65$1,459,101$856,769$723,675$1,189,056
66$1,565,686$856,507$705,674$1,238,001
67$1,681,812$854,902$685,740$1,290,782
68$1,808,410$851,845$663,766$1,347,798
69$1,946,505$847,223$639,639$1,409,493
70$2,097,226$840,914$613,244$1,476,358
71$2,261,813$832,790$584,458$1,548,937
72$2,441,635$822,713$553,154$1,627,831
73$2,638,196$810,540$519,199$1,713,706
74$2,853,152$796,117$482,453$1,807,298
75$3,088,329$779,282$442,770$1,909,424
76$3,345,735$759,863$399,999$2,020,985
77$3,627,581$737,677$353,981$2,142,979
78$3,936,304$712,533$304,549$2,276,509
79$4,274,587$684,227$251,530$2,422,795
80$4,645,382$652,542$194,744$2,583,185
81$5,051,945$617,250$134,002$2,759,172
82$5,497,858$578,110$69,106$2,952,404
83$5,987,068$534,866$0$3,164,701
84$6,523,924$487,249$0$3,398,111
85$7,113,213$434,974$0$3,671,353
86$7,760,211$377,738$0$3,971,431
87$8,470,729$315,223$0$4,301,116
88$9,251,167$247,093$0$4,663,459
89$10,108,577$172,991$0$5,061,832
90$11,050,728$92,543$0$5,499,951
91$12,086,176$5,352$0$5,981,920
92$13,224,351$0$0$6,512,263
93$14,475,640$0$0$7,129,272
94$15,851,486$0$0$7,810,004
95$17,364,497$0$0$8,558,708
96$19,028,564$0$0$9,382,270
97$20,858,991$0$0$10,288,278
98$22,872,643$0$0$11,285,093
99$25,088,096$0$0$12,381,927
100$27,525,823$0$0$13,588,929