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%19.5%
1 years$64,577$64,002$63,440$62,893$62,358$59,978
2 years$31,969$31,373$30,796$30,237$29,694$27,325
3 years$21,101$20,503$19,927$19,373$18,839$16,555
4 years$15,668$15,072$14,502$13,957$13,436$11,254
5 years$12,409$11,816$11,254$10,720$10,214$8,140
6 years$10,237$9,649$9,095$8,573$8,082$6,117
7 years$8,686$8,103$7,558$7,049$6,573$4,716
8 years$7,524$6,946$6,410$5,913$5,453$3,703
9 years$6,620$6,048$5,521$5,036$4,592$2,946
10 years$5,898$5,331$4,813$4,341$3,913$2,368
11 years$5,307$4,746$4,237$3,778$3,365$1,918
12 years$4,815$4,259$3,761$3,314$2,916$1,564
13 years$4,399$3,849$3,360$2,926$2,543$1,280
14 years$4,043$3,499$3,019$2,597$2,229$1,053
15 years$3,734$3,196$2,726$2,316$1,963$868
16 years$3,465$2,933$2,471$2,074$1,735$718
17 years$3,227$2,701$2,249$1,863$1,538$595
18 years$3,016$2,496$2,053$1,679$1,368$494
19 years$2,827$2,313$1,879$1,517$1,219$410
20 years$2,658$2,149$1,725$1,374$1,089$341
21 years$2,505$2,002$1,586$1,247$974$284
22 years$2,366$1,869$1,462$1,134$873$237
23 years$2,239$1,748$1,350$1,033$784$198
24 years$2,123$1,638$1,248$942$705$165
25 years$2,016$1,537$1,156$860$634$138
26 years$1,918$1,444$1,072$787$571$115
27 years$1,827$1,359$996$720$515$96
28 years$1,743$1,281$926$660$465$80
29 years$1,665$1,208$861$605$420$67
30 years$1,592$1,141$802$555$379$56
31 years$1,524$1,079$748$510$343$47
32 years$1,460$1,021$698$469$310$39
33 years$1,400$967$652$431$281$33
34 years$1,344$916$609$396$254$27
35 years$1,292$869$569$365$230$23
36 years$1,242$825$533$336$208$19
37 years$1,195$783$498$310$189$16
38 years$1,151$744$467$285$171$13
39 years$1,109$708$437$263$155$11
40 years$1,069$674$410$243$141$9
41 years$1,031$641$384$224$128$8
42 years$996$611$361$207$116$7
43 years$962$582$338$191$105$6
44 years$929$555$318$176$96$5
45 years$898$529$298$163$87$4
46 years$869$504$280$150$79$3
47 years$841$481$263$139$72$3
48 years$814$460$247$128$65$2
49 years$788$439$232$119$59$2
50 years$764$419$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $782,000, adding $5,368 every year, while hoping to spend $39,898 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: 43/36/21 Blend
56$782,000$782,000$782,000$782,000
57$867,301$825,855$813,734$899,085
58$913,315$823,871$798,543$920,131
59$962,684$820,452$781,506$938,628
60$1,015,710$815,487$762,519$957,854
61$1,072,722$808,855$741,472$977,895
62$1,134,082$800,431$718,254$998,851
63$1,200,186$790,080$692,743$1,020,833
64$1,271,472$777,660$664,817$1,043,968
65$1,348,418$763,022$634,344$1,068,399
66$1,431,551$746,004$601,189$1,094,284
67$1,521,450$726,439$565,209$1,121,803
68$1,618,751$704,147$526,257$1,151,159
69$1,724,153$678,940$484,176$1,182,577
70$1,838,425$650,617$438,804$1,216,312
71$1,962,413$618,965$389,973$1,252,647
72$2,097,046$583,762$337,504$1,291,899
73$2,243,348$544,769$281,213$1,334,425
74$2,402,443$501,736$220,907$1,380,620
75$2,575,569$454,398$156,385$1,430,928
76$2,764,089$402,476$87,436$1,485,843
77$2,969,500$345,672$13,839$1,545,915
78$3,193,454$283,674$0$1,611,759
79$3,437,764$216,151$0$1,698,555
80$3,704,428$142,756$0$1,796,819
81$3,995,647$63,118$0$1,904,348
82$4,313,842$0$0$2,022,144
83$4,661,677$0$0$2,160,484
84$5,042,088$0$0$2,339,218
85$5,458,306$0$0$2,534,872
86$5,913,888$0$0$2,749,128
87$6,412,754$0$0$2,983,844
88$6,959,217$0$0$3,241,062
89$7,558,028$0$0$3,523,030
90$8,214,420$0$0$3,832,228
91$8,934,157$0$0$4,171,385
92$9,723,586$0$0$4,543,506
93$10,589,699$0$0$4,951,902
94$11,540,195$0$0$5,400,221
95$12,583,558$0$0$5,892,481
96$13,729,132$0$0$6,433,106
97$14,987,208$0$0$7,026,971
98$16,369,126$0$0$7,679,449
99$17,887,376$0$0$8,396,454
100$19,555,718$0$0$9,184,506