Can I retire at age 57 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$64,577$64,002$63,440$62,893$62,358$60,826
2 years$31,969$31,373$30,796$30,237$29,694$28,160
3 years$21,101$20,503$19,927$19,373$18,839$17,351
4 years$15,668$15,072$14,502$13,957$13,436$12,005
5 years$12,409$11,816$11,254$10,720$10,214$8,845
6 years$10,237$9,649$9,095$8,573$8,082$6,775
7 years$8,686$8,103$7,558$7,049$6,573$5,329
8 years$7,524$6,946$6,410$5,913$5,453$4,271
9 years$6,620$6,048$5,521$5,036$4,592$3,472
10 years$5,898$5,331$4,813$4,341$3,913$2,853
11 years$5,307$4,746$4,237$3,778$3,365$2,364
12 years$4,815$4,259$3,761$3,314$2,916$1,972
13 years$4,399$3,849$3,360$2,926$2,543$1,653
14 years$4,043$3,499$3,019$2,597$2,229$1,393
15 years$3,734$3,196$2,726$2,316$1,963$1,177
16 years$3,465$2,933$2,471$2,074$1,735$998
17 years$3,227$2,701$2,249$1,863$1,538$849
18 years$3,016$2,496$2,053$1,679$1,368$723
19 years$2,827$2,313$1,879$1,517$1,219$617
20 years$2,658$2,149$1,725$1,374$1,089$527
21 years$2,505$2,002$1,586$1,247$974$451
22 years$2,366$1,869$1,462$1,134$873$386
23 years$2,239$1,748$1,350$1,033$784$331
24 years$2,123$1,638$1,248$942$705$284
25 years$2,016$1,537$1,156$860$634$244
26 years$1,918$1,444$1,072$787$571$210
27 years$1,827$1,359$996$720$515$180
28 years$1,743$1,281$926$660$465$155
29 years$1,665$1,208$861$605$420$133
30 years$1,592$1,141$802$555$379$115
31 years$1,524$1,079$748$510$343$99
32 years$1,460$1,021$698$469$310$85
33 years$1,400$967$652$431$281$73
34 years$1,344$916$609$396$254$63
35 years$1,292$869$569$365$230$54
36 years$1,242$825$533$336$208$47
37 years$1,195$783$498$310$189$40
38 years$1,151$744$467$285$171$35
39 years$1,109$708$437$263$155$30
40 years$1,069$674$410$243$141$26
41 years$1,031$641$384$224$128$22
42 years$996$611$361$207$116$19
43 years$962$582$338$191$105$16
44 years$929$555$318$176$96$14
45 years$898$529$298$163$87$12
46 years$869$504$280$150$79$11
47 years$841$481$263$139$72$9
48 years$814$460$247$128$65$8
49 years$788$439$232$119$59$7
50 years$764$419$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $782,000, adding $3,608 every year, while hoping to spend $56,886 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: 49/33/18 Blend
56$782,000$782,000$782,000$782,000
57$865,486$824,040$811,919$903,375
58$893,239$803,891$778,592$909,824
59$921,916$780,849$742,242$910,709
60$951,552$754,711$702,707$910,451
61$982,183$725,264$659,820$908,965
62$1,013,845$692,281$613,403$906,160
63$1,046,578$655,524$563,273$901,941
64$1,080,424$614,740$509,238$896,207
65$1,115,425$569,660$451,095$888,852
66$1,151,628$520,003$388,636$879,762
67$1,189,080$465,469$321,641$868,821
68$1,227,831$405,742$249,882$855,903
69$1,267,935$340,489$173,118$840,877
70$1,309,449$269,357$91,102$823,606
71$1,352,430$191,973$3,571$803,943
72$1,396,942$107,944$0$781,737
73$1,443,051$16,854$0$774,080
74$1,490,827$0$0$765,404
75$1,540,345$0$0$784,582
76$1,591,684$0$0$810,818
77$1,644,927$0$0$838,036
78$1,700,164$0$0$866,281
79$1,757,490$0$0$895,605
80$1,817,006$0$0$926,061
81$1,878,821$0$0$957,704
82$1,943,050$0$0$990,597
83$2,009,817$0$0$1,024,804
84$2,079,255$0$0$1,060,394
85$2,151,505$0$0$1,097,443
86$2,226,720$0$0$1,136,031
87$2,305,063$0$0$1,176,245
88$2,386,710$0$0$1,218,177
89$2,471,851$0$0$1,261,927
90$2,560,690$0$0$1,307,605
91$2,653,447$0$0$1,355,325
92$2,750,359$0$0$1,405,215
93$2,851,684$0$0$1,457,411
94$2,957,698$0$0$1,512,060
95$3,068,703$0$0$1,569,322
96$3,185,025$0$0$1,629,370
97$3,307,015$0$0$1,692,392
98$3,435,057$0$0$1,758,593
99$3,569,568$0$0$1,828,193
100$3,710,999$0$0$1,901,435